2017-09-26T09:37:41-05:00 2016-12-31 420714325 RSM US LLP 751 ARBOR WAY SUITE 200 BLUE BELL PA 19422 990 2016-01-01 205189202 OPPORTUNITY FINANCE NETWORK OPPO 2159234754 620 CHESTNUT STREET NO 572 PHILADELPHIA PA 19106 FRANCIS A LUTZ CHIEF FINANCIAL OFFICER 2159234754 2017-09-21 1 LYNNE JOHNSON P00757336 2156418600 2017-09-21 108.171.131.171 2017-09-21 16:06:13 ED P 8CF590CF855A989257E0DF8659A52AE3C5939738 CE6DC6FDBDBE570E524ED65195BBE27BC76F58F4 2016 2021-01-29 14:40:06Z FRANCIS A LUTZ 620 CHESTNUT STREET NO 572 PHILADELPHIA PA 19106 12200473 0 X WWW.OFN.ORG X 2006 PA SEE SCHEDULE O 11 11 50 11 0 0 6260098 4786685 6979976 6578544 250585 257283 0 0 13490659 11622512 1004691 986773 0 0 4948582 5441438 0 0 588241 6553337 7989398 12506610 14417609 984049 -2795097 132546390 143223853 78213208 91714190 54333182 51509663 X SEE SCHEDULE O 0 0 4348900 900000 4568766 FINANCIAL SERVICES: FINANCIAL SERVICES INCLUDES THE FOLLOWING ACTIVITIES WHICH BENEFIT LOW-INCOME AND LOW-WEALTH COMMUNITIES THROUGHOUT THE U.S: OFN'S FINANCING FUND (ON BALANCE-SHEET LENDING AND INVESTING TO CDFIS); FUND MANAGEMENT SERVICES (FEE-BASED BUSINESS PROVIDING CDFI FUND MANAGEMENT AND ASSET MANAGEMENT SERVICES TO THIRD PARTY INVESTORS); NEW MARKETS TAX CREDIT ACTIVITY; CDFI BOND GUARANTEE PROGRAM BOND ISSUANCE AND ADMINISTRATIVE SERVICES; AS WELL AS OTHER FINANCING RESEARCH, CONSULTING, AND DEVELOPMENT SERVICES. 1299636 50000 659911 STRATEGIC CONSULTING: OFN'S STRATEGIC CONSULTING PRACTICE SERVES CDFIS, PROSPECTIVE CDFI INVESTORS, AND MAJOR INDUSTRY STAKEHOLDERS (E.G., THE CDFI FUND, MAJOR NATIONAL FOUNDATIONS). OFN ADVISES CDFIS STRENGTHENING IN CORE OPERATIONAL, GOVERNANCE, STRATEGIC, AND FINANCIAL ISSUES, AS WELL AS WORKS WITH INVESTORS TO PROVIDE FINANCING TO CDFIS AND TO DESIGN STRONG COMMUNITY DEVELOPMENT STRATEGIES. OFN'S CONSULTANTS SUPPORTING GOVERNMENT STRATEGIES TO EXPAND CDFI COVERAGE GEOGRAPHICALLY AND DEMOGRAPHICALLY. 2136516 18773 1194518 KNOWLEDGE SHARING: OFN WORKS TO IMPROVE THE PERFORMANCE OF CDFIS SO THEY CAN BETTER SERVE LOW-INCOME, LOW-WEALTH COMMUNITIES. OFN PROVIDES TRAINING AND PEER-LEARNING TO ITS NETWORK OF CDFIS AND OTHER KEY INDUSTRY STAKEHOLDERS. THESE SERVICES STRENGTHEN THE PERFORMANCE, SUSTAINABILITY, AND SOCIAL IMPACT OF CDFIS, IN ORDER TO BETTER SERVE THEIR CLIENTELE AND TARGET COMMUNITIES. OTHER PRODUCTS AND SERVICES INCLUDE: INDUSTRY RESEARCH, PUBLICATIONS, DATA COLLECTION AND ANALYSIS, MEMBERSHIP SERVICES, REGIONAL MEETINGS, AND OTHER PEER-LEARNING ACTIVITIES. 912900 0 PUBLIC POLICY: PUBLIC POLICY INCLUDES OFN'S PUBLIC EDUCATION, ADVOCACY, AND POLICY DEVELOPMENT WORK ON BEHALF OF CDFIS AND THE OPPORTUNITY FINANCE INDUSTRY TO INCREASE THE AMOUNT OF CAPITAL AND OTHER RESOURCES AVAILABLE TO CDFIS. 634113 18000 155349 STRATEGIC INITIATIVES: STRATEGIC INITIATIVES INCLUDES OFN'S CROSS-FUNCTIONAL HIGH IMPACT INITIATIVES THAT BENEFIT THE CDFI INDUSTRY WITH CAPITAL AND OTHER RESOURCES. THIS INCLUDES THE NEXT AWARDS, PERFORMANCE COUNTS (AN INDUSTRY-LED FINANCIAL REPORTING BEST PRACTICES INITIATIVE), AND INDUSTRY-WIDE TALENT DEVELOPMENT INITIATIVES. 2645177 0 STRATEGIC COMMUNICATIONS: STRATEGIC COMMUNICATIONS INCLUDES OFN'S WORK TO RAISE AWARENESS ABOUT AND CREATE A BROAD BASE OF SUPPORT FOR CDFIS AND THE PEOPLE AND COMMUNITIES THEY SERVE. 4192190 18000 155349 11977242 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 55 0 1 50 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA AK AL AR AZ CA CO CT DC FL GA HI IL KS KY MA MD ME MI MS MN MO NC ND NJ NH NM NY OH OK OR RI SC TN UT VA WA WI WV NV X LAURIE CURRAN 2153204317 620 CHESTNUT STREET PHILADELPHIA PA 19106 LORI CHATMAN BOARD CHAIR 2.00 X X 0 0 0 KEITH BISSON BOARD MEMBER 2.00 X 0 0 0 PENELOPE DOUGLAS BOARD MEMBER 2.00 X 0 0 0 DAVID GLASER BOARD TREASURER 2.00 X X 0 0 0 JIM KING BOARD VICE CHAIR 2.00 X X 0 0 0 INEZ LONG BOARD MEMBER 2.00 X 0 0 0 CHRYSTEL CORNELIUS BOARD MEMBER 2.00 X 0 0 0 SHANE JETT BOARD MEMBER 2.00 X 0 0 0 ELLIS CARR BOARD MEMBER 2.00 X 0 0 0 JAKE LEVINE BOARD MEMBER 2.00 X 0 0 0 PEARL WICKS BOARD MEMBER 2.00 X 0 0 0 MARK PINSKY PRESIDENT & CEO (THRU 5/31/16) 40.00 X 480526 0 31409 CATHERINE DOLAN CHIEF OPERATING OFFICER (THRU 2/5/16) 40.00 X 31498 0 4472 FRANCIS LUTZ CHIEF FINANCIAL OFFICER & INTERIM CEO (THRU 12/31) 40.00 X 249896 0 28648 NANCY SANTIAGO NEGRON CHIEF EXTERNAL AFFAIRS OFFICER 40.00 X 194634 0 15483 PAMELA PORTER EVP, STRATEGIC CONSULTING 40.00 X 189451 0 19626 ROBIN ODLAND EVP, FINANCIAL SERVICES 40.00 X 160753 0 30287 LINA PAGE EVP, STRATEGIC COMMUNICATI 40.00 X 159455 0 22974 LIZ LOPEZ EVP, PUBLIC POLICY 40.00 X 164774 0 8695 BETH LIPSON EVP, STRATEGIC INITIATIVES 40.00 X 167322 0 756 1798309 0 162350 14 0 1 0 KORN FERRY INTERNATIONAL 1700 K STREET NW STE 700 WASHINGTON DC 20006 CEO SEARCH RECRUITER 106147 BUCHANAN PUBLIC RELATIONS 700 PONT READING RD STE 200 ARDMORE PA 19003 STRATEGIC COMMUNICATIONS ADVICE 105693 ARENT FOX LLP 165 BROADWAY NEW YORK NY 10019 ADVOCACY AND BOND LEGAL ADVICE 105298 3 374125 4412560 4786685 INTEREST ON LOANS 525990 4109056 4109056 TECHNICAL SERVICES 900099 1645881 1645881 TRAINING EVENTS 900099 825890 825890 OTHER FEES 900099 -2283 -2283 6578544 235244 235244 600000 577961 22039 22039 22039 11622512 6578544 0 257283 986773 986773 1063474 409088 586184 68202 3598422 2838230 368148 392044 22584 19336 1471 1777 438764 367811 49905 21048 318194 245582 56607 16005 109368 109368 24256 23751 394 111 105198 81191 18715 5292 12833 9904 2283 646 229059 229059 199517 161105 29873 8539 256520 197982 45635 12903 395038 306474 68443 20121 1171299 1122359 24283 24657 61660 59372 536 1752 1285435 1285435 77126 59526 13721 3879 54075 41735 9620 2720 SPECIAL PROJECTS 2156809 1597084 559725 0 PROVISION FOR LOAN LOSS 477710 477710 TECHNOLOGY PROJECTS 88747 88148 599 0 STAFF DEVELOPMENT 5340 4122 950 268 1279408 1256097 15034 8277 14417609 11977242 1852126 588241 500 0 20564402 18817087 898141 807500 535028 410466 106100955 118643379 119758 146000 965813 784036 177831 181777 4039743 4215793 108187 0 1845 1851 132546390 143223853 1593208 643690 170000 120500 71450000 84950000 5000000 6000000 78213208 91714190 X 35787455 48374651 18545727 3135012 54333182 51509663 132546390 143223853 -2795097 -28422 0 X 0 1 X 1 1 1 X 12391470 4118593 10135013 6260098 4786685 37691859 5990912 5413685 5877795 6967651 6580827 30830870 18382382 9532278 16012808 13227749 11367512 68522729 6459294 2749101 7987288 3143904 2419757 22759344 0 6459294 2749101 7987288 3143904 2419757 22759344 45763385 290152 291485 255502 245945 235244 1318328 290152 291485 255502 245945 235244 1318328 758658 740138 1021810 2520606 19431192 10563901 17290120 13473694 11602756 72361663 0.63240 0.43670 0.01820 0.01380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 319415 0 0 1 319415 0 0 638830 0 PART II-B, LINE 1: OFN CONDUCTS PERMITTED LOBBYING ACTIVITIES IN THREE AREAS: GENERAL FEDERAL BUDGET LOBBYING AROUND HR5485 AND S.3067 (FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATES ACT, 2017), TITLE I, REGARDING CDFI FUND APPROPRIATIONS AND BOND GUARANTEE PROGRAM AUTHORIZATIONS. H.R.2028 (FURTHER CONTINUING AND SECURITY ASSISTANCE APPROPRIATIONS ACT, 2017) REGARDING CDFI FUND APPROPRIATIONS AND BOND GUARANTEE PROGRAM AUTHORIZATIONS. GENERAL TAX CODE LOBBYING AROUND THE NEW MARKET TAX CREDIT PROGRAM. GENERAL ECONOMIC DEVELOPMENT LOBBYING AROUND ECONOMIC DEVELOPMENT ISSUES PERTAINING TO PUERTO RICO. 12262 1541 10721 953551 782495 171056 181777 WELLS FARGO EQUITY EQUIVALENT INVESTMENT 6000000 6000000 X 11662590 -28422 68500 40078 11622512 0 11622512 14486109 68500 68500 14417609 0 14417609 PART X, LINE 2: INCOME TAXES: THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015, RESPECTIVELY. MANAGEMENT EVALUTATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. CONSEQUENTLY, NO ACCRUAL FOR INTEREST AND PENALTIES WAS DEEMED NECESSSARY FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE COMMONWEALTH OF PENNSYLVANIA. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATION BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR YEARS BEFORE 2013. 1 ACCION NEW MEXICO 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 850417347 501(C)(3) 12500 SMALL BUSINESS LEADER AWARD APPALACHIAN COMMUNITY FEDERAL CREDIT UNION 5034 BOBBY HICKS HWY SUITE 2 GRAY TN 37615 582383669 N/A 300000 WELLS FARGO NEXT AWARDS CAROLINA SMALL BUSINESS DEVELOPMENT FUND 3128 HIGHWOODS BLVD SUITE 170 RALEIGH NC 27604 581903219 501(C)(3) 12500 SMALL BUSINESS LEADER AWARD COMMUNITY DEVELOPMENT CORPORATION OF BROWNSVILLE 901 E LEVEE STREET BROWNSVILLE TX 78520 741835777 501(C)(3) 300000 WELLS FARGO NEXT AWARDS COMMUNITY REINVESTMENT FUND INC 801 NICOLLET MALL SUITE 1700 WEST MINNEAPOLIS MN 55402 411616861 509(A)(3) 12500 SMALL BUSINESS LEADER AWARD COMMUNITYWORKS INC 107 W ANTRIM DRIVE GREENVILLE SC 29607 260421563 501(C)(3) 8250 SOUTH CAROLINA RECOVERY FUND LOWER VALLEY CREDIT UNION 900 YAKIMA VALLEY HIGHWAY SUNNYSIDE WA 98944 910615945 N/A 100000 WELLS FARGO NEXT AWARDS MONTANA COMMUNITY DEVELOPMENT CORP 229 E MAIN STREET MISSOULA MT 59802 810500256 501(C)(3) 12500 SMALL BUSINESS LEADER AWARD SOUTH CAROLINA COMMUNITY LOAN FUND 1064 GARDNER ROAD SUITE 302 CHARLESTON SC 29407 010793507 501(C)(3) 8250 SOUTH CAROLINA RECOVERY FUND TEXAS COMMUNITY CAPITAL INC 1910 E MARTIN LUTHER KING JR BLVD AUSTIN TX 78702 680488549 501(C)(3) 100000 WELLS FARGO NEXT AWARDS THE HOUSING FUND 305 11TH AVE SOUTH NASHVILLE TN 37203 621632388 501(C)(3) 100000 WELLS FARGO NEXT AWARDS 8 3 PART I, LINE 2: OFN PROVIDES GRANTS TO CDFIS THROUGH THE WELLS FARGO NEXT AWARDS PROGRAM TO HELP PROPEL THESE ORGANIZATIONS TO THE NEXT LEVEL OF GROWTH AND IMPACT IN TARGET LOW-INCOME COMMUNITIES. FOR ALL NEXT AWARD GRANTS, THE CDFIS REPORT TO OFN ON THE USE OF FUNDS AND THEIR IMPACT IN THEIR TARGET BENEFICIARY COMMUNITIES. OFN ALSO MAKES OTHER SMALL PASS-THRU OR OPERATIONAL GRANTS ASSOCIATED WITH SEVERAL CAPACITY BUILDING PROGRAM ACTIVITIES AND OR DISASTER-RELIEF ACTIVITIES SUPPORTING CDFI WORK IN LOW-INCOME COMMUNITIES. X X 1 0 0 0 0 0 0 0 0 MARK PINSKY PRESIDENT & CEO (THRU 5/31/16) 480526 0 0 0 0 0 1662 0 29747 0 511935 0 0 0 FRANCIS LUTZ CHIEF FINANCIAL OFFICER & INTERIM CE 249896 0 0 0 0 0 1918 0 26730 0 278544 0 0 0 NANCY SANTIAGO NEGRON CHIEF EXTERNAL AFFAIRS OFFICER 194634 0 0 0 0 0 791 0 14692 0 210117 0 0 0 PAMELA PORTER EVP, STRATEGIC CONSULTING 189451 0 0 0 0 0 2700 0 16926 0 209077 0 0 0 ROBIN ODLAND EVP, FINANCIAL SERVICES 160753 0 0 0 0 0 0 0 30287 0 191040 0 0 0 LINA PAGE EVP, STRATEGIC COMMUNICATI 159455 0 0 0 0 0 2700 0 20274 0 182429 0 0 0 LIZ LOPEZ EVP, PUBLIC POLICY 164774 0 0 0 0 0 1500 0 7195 0 173469 0 0 0 BETH LIPSON EVP, STRATEGIC INITIATIVES 167322 0 0 0 0 0 195 0 561 0 168078 0 0 0 PART I, LINE 4A MARK PINSKY RECEIVED A SEVERANCE PAYMENT OF $200,000. FORM 990, PART I, LINE 1 OPPORTUNITY FINANCE NETWORK (OFN) EXISTS TO ALIGN CAPITAL WITH SOCIAL, ECONOMIC, AND POLITICAL JUSTICE. OFN BELIEVES IN OPPORTUNITY FOR ALL. OFN'S MISSION IS TO LEAD COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND THEIR PARTNERS TO ENSURE THAT LOW-INCOME, LOW-WEALTH, AND OTHER DISINVESTED PEOPLE AND COMMUNITIES HAVE ACCESS TO AFFORDABLE, RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES. OFN IS A NATIONAL LEADERSHIP NETWORK OF NEARLY 250 CDFIS, INCLUDING COMMUNITY BANKS, CREDIT UNIONS, AND LOAN FUNDS. OFN, THROUGH ITS MEMBERS, INVEST IN LOW-INCOME AND DISINVESTED RURAL, URBAN, AND NATIVE AMERICAN COMMUNITIES ACROSS ALL 50 STATES IN AMERICA; PROVIDING AFFORDABLE, RESPONSIBLE CREDIT THAT FINANCES COMMUNITY BUSINESSES, SPARKS JOB GROWTH IN THE AREAS THAT NEED IT MOST, AND DELIVERING BOTH SOUND FINANCIAL RETURNS AND REAL CHANGES FOR PEOPLE AND COMMUNITIES. OFN'S PROGRAM AND SERVICES INCLUDES FINANCIAL PRODUCTS AND SERVICES FOR CDFIS, TRAINING, PEER-LEARNING, AND CONSULTING SERVICES FOR THE CDFI INDUSTRY, AS WELL AS PUBLIC POLICY ADVOCACY AND STRATEGIC COMMUNICATIONS WORK ON BEHALF OF THE INDUSTRY. (WWW.OFN.ORG) FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATIONS'S MISSION: OPPORTUNITY FINANCE NETWORK (OFN) EXISTS TO ALIGN CAPITAL WITH SOCIAL, ECONOMIC, AND POLITICAL JUSTICE. OFN BELIEVES IN OPPORTUNITY FOR ALL. OFN'S MISSION IS TO LEAD COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND THEIR PARTNERS TO ENSURE THAT LOW-INCOME, LOW-WEALTH, AND OTHER DISINVESTED PEOPLE AND COMMUNITIES HAVE ACCESS TO AFFORDABLE, RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES. OFN IS A NATIONAL LEADERSHIP NETWORK OF NEARLY 250 CDFIS, INCLUDING COMMUNITY BANKS, CREDIT UNIONS, AND LOAN FUNDS. OFN, THROUGH ITS MEMBERS, INVEST IN LOW-INCOME AND DISINVESTED RURAL, URBAN, AND NATIVE AMERICAN COMMUNITIES ACROSS ALL 50 STATES IN AMERICA; PROVIDING AFFORDABLE, RESPONSIBLE CREDIT THAT FINANCES COMMUNITY BUSINESSES, SPARKS JOB GROWTH IN THE AREAS THAT NEED IT MOST, AND DELIVERING BOTH SOUND FINANCIAL RETURNS AND REAL CHANGES FOR PEOPLE AND COMMUNITIES. OFN'S PROGRAM AND SERVICES INCLUDES FINANCIAL PRODUCTS AND SERVICES FOR CDFIS, TRAINING, PEER-LEARNING, AND CONSULTING SERVICES FOR THE CDFI INDUSTRY, AS WELL AS PUBLIC POLICY ADVOCACY AND STRATEGIC COMMUNICATIONS WORK ON BEHALF OF THE INDUSTRY. (WWW.OFN.ORG) FORM 990, PART VI, SECTION A, LINE 6 PER OFN'S BYLAWS, THERE IS ONE CLASS OF MEMBERSHIP AVAILABLE TO PRIVATE, NON-GOVERNMENTAL, MISSION-DRIVEN FINANCIAL INSTITUTIONS THAT MEET THE QUALIFICATIONS FOR MEMBERSHIP. EACH MEMBER IS ENTITLED TO BE REPRESENTED AT ANY MEETING OF THE MEMBERS BY UP TO TWO DELEGATES, WHO SHALL BE EITHER AN EMPLOYEE OF OR A BOARD MEMBER OF THE MEMBER. THE PRESENCE IN PERSON OF DELEGATES REPRESENTING AT LEAST ONE-THIRD OF THE MEMBERS CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS. WHEN A QUORUM IS PRESENT AT ANY MEETING, THE MAJORITY OF THE VOTES PRESENT DECIDES ANY QUESTION BROUGHT BEFORE THE MEETING. EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ALL VOTING, EXCEPT ELECTIONS FOR DIRECTORS WHICH IS BY WRITTEN BALLOT, MAY BE BY VOICE VOTE OR BALLOT. AT LEAST TWO-THIRDS OF THE DIRECTORS ARE ELECTED BY THE MEMBERS. UP TO ONE-THIRD OF THE DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS. NOMINATIONS FOR CANDIDATES FOR DIRECTOR ARE MADE BY A WRITTEN NOTICE TO THE NOMINATING COMMITTEE AND MUST BE ENDORSED BY NOT LESS THAT TWO (2) MEMBERS AND DELIVERED AT LEAST SIXTY (60) DAYS BEFORE THE ELECTION. ALL NOMINATIONS SO MADE BY MEMBERS ARE PRESENTED TO THE MEMBERSHIP FOR CONSIDERATION. NEW BYLAWS MAY BE ADOPTED, OR THE EXISTING BYLAWS MAY BE AMENDED OR REPEALED, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES REPRESENTED. VOTING OCCURS BY PROXY OR IN PERSON AT A DULY HELD MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7A PER OFN'S BYLAWS, THERE IS ONE CLASS OF MEMBERSHIP AVAILABLE TO PRIVATE, NON-GOVERNMENTAL, MISSION-DRIVEN FINANCIAL INSTITUTIONS THAT MEET THE QUALIFICATIONS FOR MEMBERSHIP. EACH MEMBER IS ENTITLED TO BE REPRESENTED AT ANY MEETING OF THE MEMBERS BY UP TO TWO DELEGATES, WHO SHALL BE EITHER AN EMPLOYEE OF OR A BOARD MEMBER OF THE MEMBER. THE PRESENCE IN PERSON OF DELEGATES REPRESENTING AT LEAST ONE-THIRD OF THE MEMBERS CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS. WHEN A QUORUM IS PRESENT AT ANY MEETING, THE MAJORITY OF THE VOTES PRESENT DECIDES ANY QUESTION BROUGHT BEFORE THE MEETING. EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ALL VOTING, EXCEPT ELECTIONS FOR DIRECTORS WHICH IS BY WRITTEN BALLOT, MAY BE BY VOICE VOTE OR BALLOT. AT LEAST TWO-THIRDS OF THE DIRECTORS ARE ELECTED BY THE MEMBERS. UP TO ONE-THIRD OF THE DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS. NOMINATIONS FOR CANDIDATES FOR DIRECTOR ARE MADE BY A WRITTEN NOTICE TO THE NOMINATING COMMITTEE AND MUST BE ENDORSED BY NOT LESS THAT TWO (2) MEMBERS AND DELIVERED AT LEAST SIXTY (60) DAYS BEFORE THE ELECTION. ALL NOMINATIONS SO MADE BY MEMBERS ARE PRESENTED TO THE MEMBERSHIP FOR CONSIDERATION. NEW BYLAWS MAY BE ADOPTED, OR THE EXISTING BYLAWS MAY BE AMENDED OR REPEALED, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES REPRESENTED. VOTING OCCURS BY PROXY OR IN PERSON AT A DULY HELD MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7B PER OFN'S BYLAWS, THERE IS ONE CLASS OF MEMBERSHIP AVAILABLE TO PRIVATE, NON-GOVERNMENTAL, MISSION-DRIVEN FINANCIAL INSTITUTIONS THAT MEET THE QUALIFICATIONS FOR MEMBERSHIP. EACH MEMBER IS ENTITLED TO BE REPRESENTED AT ANY MEETING OF THE MEMBERS BY UP TO TWO DELEGATES, WHO SHALL BE EITHER AN EMPLOYEE OF OR A BOARD MEMBER OF THE MEMBER. THE PRESENCE IN PERSON OF DELEGATES REPRESENTING AT LEAST ONE-THIRD OF THE MEMBERS CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS. WHEN A QUORUM IS PRESENT AT ANY MEETING, THE MAJORITY OF THE VOTES PRESENT DECIDES ANY QUESTION BROUGHT BEFORE THE MEETING. EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ALL VOTING, EXCEPT ELECTIONS FOR DIRECTORS WHICH IS BY WRITTEN BALLOT, MAY BE BY VOICE VOTE OR BALLOT. AT LEAST TWO-THIRDS OF THE DIRECTORS ARE ELECTED BY THE MEMBERS. UP TO ONE-THIRD OF THE DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS. NOMINATIONS FOR CANDIDATES FOR DIRECTOR ARE MADE BY A WRITTEN NOTICE TO THE NOMINATING COMMITTEE AND MUST BE ENDORSED BY NOT LESS THAT TWO (2) MEMBERS AND DELIVERED AT LEAST SIXTY (60) DAYS BEFORE THE ELECTION. ALL NOMINATIONS SO MADE BY MEMBERS ARE PRESENTED TO THE MEMBERSHIP FOR CONSIDERATION. NEW BYLAWS MAY BE ADOPTED, OR THE EXISTING BYLAWS MAY BE AMENDED OR REPEALED, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES REPRESENTED. VOTING OCCURS BY PROXY OR IN PERSON AT A DULY HELD MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, THE CHIEF FINANCIAL OFFICER AND THE VP OF ACCOUNTING REVIEW THE FORM FOR ACCURACY AND THEN FORWARD IT TO THE PRESIDENT & CEO FOR REVIEW. IN ADDITION, THE ORGANIZATION SENDS AN ELECTRONIC COPY OF THE FORM 990 TO ITS BOARD OF DIRECTORS. THIS IS PRIMARILY FOR INFORMATIONAL PURPOSES AND TO ALLOW FOR COMMENTS FROM THE BOARD, BUT DOES NOT REQUIRE ACTION FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE BOARD OF DIRECTORS SIGNS A POTENTIAL CONFLICT OF INTEREST STATEMENT WHICH STATES THAT THEY DO NOT HAVE A POTENTIAL CONFLICT OF INTEREST AS COVERED BY THE OPPORTUNITY FINANCE NETWORK'S CONFLICT OF INTEREST POLICY. IF THE BOARD MEMBER (OR ANY RELATED PARTY) IS INVOLVED IN TRANSACTIONS WITH OFN INCLUDING BUT NOT LIMITED TO LOAN AND GRANT APPLICATIONS TO OFN, AND CONSULTING CONTRACTS WITH OFN, THE BOARD MEMBER DISCLOSES THIS IN A SEPARATE STATEMENT. ALL STAFF ALSO MUST ADHERE TO OFN'S CONFLICT OF INTEREST POLICIES AND REPORT POTENTIAL CONFLICTS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE PRESIDENT & CEO IS GOVERNED BY AN EXECUTIVE EMPLOYMENT AGREEMENT AND DETERMINED THROUGH AN ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE BOARD OF DIRECTORS. THE EXECUTIVE & PERSONNEL COMMITTEE OF THE BOARD MANAGES THIS PROCESS BY REVIEWING THE PRESIDENT & CEO'S PERFORMANCE AGAINST SET GOALS. THEY USE A DOCUMENTED PROCESS OF SELF-ASSESSMENT AND PERFORMANCE REVIEW. THIS COMMITTEE MEETS TO DEVELOP RECOMMENDATIONS WHICH ARE PRESENTED TO THE FULL BOARD FOR DECISION. THE FULL BOARD CONDUCTS AN EXECUTIVE SESSION WITH THE PRESIDENT & CEO TO DISCUSS HIS PERFORMANCE REVIEW AND COMPENSATION ACTION, AND TO DETERMINE GOALS FOR THE FOLLOWING YEAR. THESE RESULTS ARE DOCUMENTED FOR THE RECORDS. THE EXECUTIVE & PERSONNEL COMMITTEE AND THE BOARD OF DIRECTORS CONSISTS OF INDUSTRY PEERS WHO ARE WELL ACQUAINTED AND UP-TO-DATE ON COMPENSATION COMPARABILITY IN THE INDUSTRY. THEY MAY FROM TIME TO TIME SEEK EXTERNAL CONFIRMATION OF INDUSTRY DATA AS THEY DEEM APPROPRIATE. OFN SENIOR OFFICERS AND ALL KEY EMPLOYEES UNDERGO AN ANNUAL PERFORMANCE MANAGEMENT REVIEW PROCESS, IN WHICH ANNUAL COMPENSATION IS ALSO REVIEWED. OFN UNDERTAKES A REGULAR EXTERNAL MARKET COMPENSATION STUDY FOR ALL KEY STAFF POSITIONS, WHICH SERVES AS A FOUNDATION BENCHMARK FOR DETERMINING APPROPRIATE STAFF COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). NCCA GENERAL PARTNER LLC 620 CHESTNUT STREET SUITE 572 PHILADELPHIA PA 19106 113704951 OPERATE AS A GENERAL PARTNER OF CDFI TAX CREDIT FUND, LP, OPPORTUNITY FUND I DE 31433 169969 OPPORTUNITY FINANCE NETWORK OFN GP LLC 620 CHESTNUT STREET SUITE 572 PHILADELPHIA PA 19106 205189202 OPERATE AS A GENERAL PARTNER OF COMMUNITIES AT WORK FUND, LP DE 0 0 OPPORTUNITY FINANCE NETWORK CDFI COMMUNITY INVESTMENT FUND I LLC 620 CHESTNUT STREET SUITE 572 PHILADELPHIA PA 19106 352579326 INVESTMENT IN OTHER CDFI ENTITIES DE 0 0 OPPORTUNITY FINANCE NETWORK OPPORTUNITY MORTGAGE NETWORK 620 CHESTNUT STREET SUITE 572 PHILADELPHIA PA 19106 208920619 INACTIVE PA OPPORTUNITY FINANCE NETWORK C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 NCCA GENERAL PARTNER LLC L 31443 CASH