2024-11-15T18:22:45-06:00 2023-12-31 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2023-01-01 823595539 OPPORTUNITY COMMUNITIES LLC OPPO 6175458309 4 GERRISH AVE CHELSEA MA 02150 DAVID GORDON CHIEF FINANCIAL OFFICER 6175458309 2024-11-15 1 1 JOLANTA TUCK CPA P01340068 7813803520 2024-11-15 2023 2024-10-15 13:58:12Z KATHLEEN MCGILVRAY 4 GERRISH AVE CHELSEA MA 02150 4939537 0 X WWW.OPPCOMMUNITIES.ORG X 2017 MA THE MISSION OF OPPORTUNITY COMMUNITIES LLC (OPPCO) IS EXCLUSIVELY CHARITABLE AS A FRESH AND INNOVATIVE BUSINESS MODEL THAT SOLVES A FUNDAMENTAL STRUCTURAL CHALLENGE: RETAINING LOCAL CONTROL OF RESOURCES AND ASSETS, THAT ARE CONTINUALLY REINVESTED BACK INTO THE COMMUNITY, WHILE BENEFITING FROM THE EFFICIENCY AND EFFECTIVENESS OF A LARGER SCALE ENTITY. 13 13 34 25 0 0 332350 148055 3576579 4790008 629 1474 0 0 3909558 4939537 0 0 0 0 3080387 3660832 0 0 92077 1050289 1295078 4130676 4955910 -221118 -16373 860101 1013850 1053220 915309 -193119 98541 X THE MISSION OF OPPORTUNITY COMMUNITIES LLC (OPPCO) IS EXCLUSIVELY CHARITABLE AS A FRESH AND INNOVATIVE BUSINESS MODEL THAT SOLVES A FUNDAMENTAL STRUCTURAL CHALLENGE: RETAINING LOCAL CONTROL OF RESOURCES AND ASSETS, THAT ARE CONTINUALLY REINVESTED BACK INTO THE COMMUNITY, WHILE BENEFITING FROM THE EFFICIENCY AND EFFECTIVENESS OF A LARGER SCALE ENTITY. 0 0 2688218 4790008 MANAGEMENT SERVICES: OPPCO MEMBERS BENEFIT FROM SHARED ADMINISTRATION-FINANCIAL MANAGEMENT, HUMAN RESOURCES, OPERATIONS, DATA AND EVALUATION-AND PROGRAMMATIC CAPACITY IN AREAS THAT BENEFIT FROM SCALE AND TECHNICAL CAPACITY INCLUDING REAL ESTATE DEVELOPMENT, ASSET MANAGEMENT, AND TENANT SERVICES. 2688218 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X DAVID GORDON 6175458309 4 GERRISH AVE CHELSEA MA 02150 CHARLENE BAUER PRESIDENT (UNTIL 4/2023) CLERK (AS OF 4/2023) 1.00 X X 0 0 0 SCOTT POLLACK VP (UNTIL 4/2023) PRESIDENT (AS OF 7/2023) 1.00 X X 0 0 0 FAYE DOOKHARAN CLERK 1.00 X X 0 0 0 BILL ELSBREE TREASURER (UNTIL 4/2023) 1.00 X X 0 0 0 DAKEYA CHRISTMAS DIRECTOR 1.00 X 0 0 0 MAGGIE SUPER CHURCH VICE PRESIDENT (AS OF 4/2023) 1.00 X X 0 0 0 SHIRRONDA ALMEIDA DIRECTOR 1.00 X 0 0 0 DAVID LINHART DIRECTOR 1.00 X 0 0 0 ALFONSO SIRA DIRECTOR 1.00 X 0 0 0 FRANK NITKIEWICZ TREASURER (AS OF 4/2023) 1.00 X X 0 0 0 ALMA BALONON-ROSEN DIRECTOR 1.00 X 0 0 0 FAITH GLICKMAN ROSSI DIRECTOR 1.00 X 0 0 0 DIANA MORENO DIRECTOR 1.00 X 0 0 0 ANN HOUSTON CHIEF EXECUTIVE OFFICER (UNTIL 9/2023) 40.00 X 81443 0 25919 WILLIAM MORRISON CHIEF FINANCIAL OFFICER 40.00 X 169723 0 42344 KATHLEEN MCGILVRAY CHIEF EXECUTIVE OFFICER (AS OF 3/2023) 40.00 X 174735 0 5578 TAMIKA FOWLER SR VP, HUMAN RESOURCES 40.00 X 148024 0 12320 WILLIAM GORDON SR VP OF REAL ESTATE AND D 40.00 X 176356 0 23128 NANCY TURNER SR VP, RESOURCE DEVELOPMENT 40.00 X 146540 0 23275 VICTORIA GRUBER CONTROLLER 40.00 X 127959 0 13362 ANNE CONWAY VP OF REAL ESTATE SYSTEMS 40.00 X 112255 0 15269 1137035 0 161195 9 0 1 0 INSOURCE SERVICES INC 148 LINDEN ST WELLESLEY MA 02482 IT SERVICES 169118 1 148055 148055 MANAGEMENT SERVICE FEE 541610 4790008 4790008 4790008 1474 1474 4939537 4790008 0 1474 X 499742 293190 195314 11238 2490442 1445341 993734 51367 136247 84906 46812 4529 277743 173082 95427 9234 256658 164137 87974 4547 13275 13275 31463 31463 708385 467750 233292 7343 211669 53194 154816 3659 318286 6618 311508 160 12000 12000 4955910 2688218 2175615 92077 645321 186147 202523 784112 12257 43591 860101 1013850 672364 534453 380856 380856 1053220 915309 X -193119 98541 -193119 98541 860101 1013850 -16373 308033 0 X 0 1 X 1 0 X 157753 793515 1010047 332350 148055 2441720 4856765 4734139 5981525 3576579 4790008 23939016 5014518 5527654 6991572 3908929 4938063 26380736 0 0 0 26380736 66 629 1474 2169 66 629 1474 2169 3872 3872 5018390 5527654 6991638 3909558 4939537 26386777 0.99980 0.00010 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 3,872. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PAYROLL DEPOSITS 380856 380856 X 4981535 41998 41998 4939537 0 4939537 4997908 41998 41998 4955910 0 4955910 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE AGENCY AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. INFORMATION/TAX RETURNS FILED BY THE AGENCY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") FOR A PERIOD OF THREE YEARS. WHILE NO INFORMATION/TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. X 0 0 0 0 0 0 0 0 0 WILLIAM MORRISON CHIEF FINANCIAL OFFICER 169723 0 0 0 0 0 0 0 42344 0 212067 0 0 0 WILLIAM GORDON SR VP OF REAL ESTATE AND D 176356 0 0 0 0 0 0 0 23128 0 199484 0 0 0 KATHLEEN MCGILVRAY CHIEF EXECUTIVE OFFICER (AS OF 3/202 174735 0 0 0 0 0 4731 0 847 0 180313 0 0 0 NANCY TURNER SR VP, RESOURCE DEVELOPMENT 146540 0 0 0 0 0 6080 0 17195 0 169815 0 0 0 TAMIKA FOWLER SR VP, HUMAN RESOURCES 148024 0 0 0 0 0 5977 0 6343 0 160344 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CHANGES TO OPPCO'S BYLAWS ARE MADE BY THE BOARD OF MANAGERS AND SUBJECT TO THE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A OPPCO HAS MEMBERS WHO MAY ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PROVIDES A DRAFT OF THE TAX RETURN TO THE BOARD OF DIRECTORS OF THE ORGANIZATION FOR REVIEW. ALL DESIRED CHANGES ARE COMMUNICATED TO THE AUDITOR AND CONSIDERED FOR COMPLIANCE WITH RELEVANT TAX LAWS PRIOR TO BEING APPLIED AND THE TAX RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD EACH YEAR AND THE BOARD SIGNS OFF. ANY NEW CONTRACTS ARE REVIEWED WITH THE CONFLICT OF INTEREST IN MIND. IF ANY POTENTIAL CONFLICT ARISES IT IS REPORTED TO THE BOARD FOR DISCUSSION AND REVIEW. IN ORDER TO AVOID THE REVIEW PROCESS, ANY POTENTIAL CONTRACTS THAT MAY PRESENT THIS PROBLEM ARE TYPICALLY NOT SERIOUSLY CONSIDERED. FORM 990, PART VI, SECTION B, LINE 15 A WRITTEN EVALUATION/REVIEW OF THE CHIEF EXECUTIVE OFFICER IS PREPARED BY EACH OF THE BOARD MANAGERS AND PRESENTED TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE PROCESSES AND ASSESSES THE EVALUATIONS AND PROVIDES A RECOMMENDATION ON COMPENSATION TO THE BOARD. THE BOARD MAKES THE ULTIMATE DECISION AS TO COMPENSATION BY A FULL VOTE. THE RECOMMENDATION IS BASED UPON PERFORMANCE AS WELL AS SALARY AND COMPENSATION DATA THAT IS COLLECTED FROM OTHER ORGANIZATIONS INVOLVED IN SIMILAR WORK AND ON A SIMILAR SCALE. THE CHIEF FINANCIAL OFFICER HAS AN ANNUAL PERFORMANCE REVIEW AS DO ALL EMPLOYEES. THE PERFORMANCE REVIEW IS PERFORMED BY THE CHIEF EXECUTIVE OFFICER. SEVERAL FACTORS ARE TAKEN INTO CONSIDERATION, FEEDBACK AND OBSERVATIONS FROM THE BOARD AND THE FINANCE COMMITTEE. AN INCREASE IN SALARY IS GIVEN IF WARRANTED BY JOB PERFORMANCE AND IF THE ECONOMICS OF THE ORGANIZATION AND BUDGET ALLOW FOR IT. THE SALARY IS COMPARED WITH OTHERS IN THE INDUSTRY AND GEOGRAPHIC AREA. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE UPON REQUEST AT WWW.GUIDESTAR.ORG. OPPCO'S FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 137,184. MANAGEMENT AND GENERAL EXPENSES 233,292. FUNDRAISING EXPENSES 7,343. TOTAL EXPENSES 377,819. MANAGEMENT SERVICE FEES: PROGRAM SERVICE EXPENSES 330,566. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 330,566.