Opportunity Finance Network
Opportunity Finance Network
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About this organization
Mission
OFN's mission through 2025 is to lead CDFIs and their partners to ensure that low-income, low-wealth, and other underserved people and communities have access to affordable, responsible financial products and services. OFN exists to align capital with social, economic, and political justice. This is OFN's purpose. OFN will pursue this purpose for as long as it takes to achieve. When capital and justice are aligned, all people will have the resources and opportunities to act in the best interests of their communities, themselves, and future generations. This is OFN's vision. OFN's work is bounded by two values that anchor all that we do: justice and excellence.
About
Financial services: expanding access to responsible, affordable capital. 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; and CDFI bond guarantee program bond issuance and administrative services.
Interesting data from their 2019 990 filing
The filing reveals the mission of the non-profit as “See schedule o”.
When detailing its functions, they were listed as: “See schedule o”.
- According to the law, the state where the non-profit operates has been reported as PA.
- The filing specifies that the non-profit's address in 2019 was 620 CHESTNUT STREET NO 572, PHILADELPHIA, PA, 19106.
- As of 2019, the non-profit's form shows they have a total of 45 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,589,932.
- The organization has 12 independent voting members.
- The organization was formed in 2006.
- The organization pays $4,587,122 in salary, compensation, and benefits to its employees.
- The organization pays $344,126 in fundraising expenses.
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