2026-03-26T10:42:10-05:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 211 CONGRESS STREET SUITE 710 BOSTON MA 02110 990 2024-01-01 823595539 OPPORTUNITY COMMUNITIES LLC OPPO 6175458309 4 GERRISH AVE CHELSEA MA 02150 DAVID GORDON CHIEF FINANCIAL OFFICER 6175458309 2026-03-26 1 1 CHARLES A RHUDA III P00133647 6173301920 2024 2025-03-06 01:10:19Z X KATHY MCGILVRAY 4 GERRISH AVE CHELSEA MA 02150 5057066 0 X WWW.OPPCOMMUNITIES.ORG X 2017 MA THE MISSION OF OPPORTUNITY COMMUNITIES LLC (OPPCO) IS EXCLUSIVELY CHARITABLE AS A FRESH ANDINNOVATIVE 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. 12 12 24 25 0 0 148055 375276 4790008 4670199 1474 11591 0 0 4939537 5057066 0 0 0 0 3660832 3089934 0 0 88881 1295078 1827295 4955910 4917229 -16373 139837 1013850 2964458 915309 2726080 98541 238378 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 2463492 4670199 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. 2463492 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 1 0 0 0 0 1 55 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 X CHARLENE BAUER CLERK 1.00 X X 0 0 0 SCOTT POLLACK PRESIDENT 1.00 X X 0 0 0 DAKEYA CHRISTMAS DIRECTOR 1.00 X 0 0 0 MAGGIE SUPER CHURCH VICE PRESIDENT 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 FRANK NITKIEWICZ TREASURER 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 ORLANDO JAQUEZ DIRECTOR 1.00 X 0 0 0 MIKKI WILSON DIRECTOR 1.00 X 0 0 0 BILL ELSBREE DIRECTOR 1.00 X 0 0 0 WILLIAM MORRISON FORMER CFO (UNTIL 3/2/24) 1.00 X 45144 0 7896 DAVID GORDON CFO (AS OF 3/3/24) 40.00 X 49880 0 9075 KATHLEEN MCGILVRAY FORMER CEO 40.00 X 193233 0 13871 NANCY TURNER SR VP, RESOURCE DEVELOPMEN 40.00 X 139472 0 32356 TAMIKA FOWLER SR VP, HUMAN RESOURCES 40.00 X 152830 0 8841 VICTORIA GRUBER CONTROLLER 40.00 X 112935 0 28378 ANNE CONWAY VP OF REAL ESTATE SYSTEMS 40.00 X 145281 0 14095 GAIL BERLINGER SVP OF DATA & LEARNING 40.00 X 125354 0 38619 964129 0 153131 6 0 1 0 INSOURCE SERVICES INC 148 LINDEN ST WELLESLEY MA 02482 IT SERVICES 211731 1 X 375276 375276 MANAGEMENT SERVICE FEE 541610 4670199 4670199 4670199 11591 11591 5057066 4670199 0 11591 X 288257 169116 112659 6482 2465122 1429827 984490 50805 289566 48670 226120 14776 46989 10406 34214 2369 13055 13055 28825 28825 1147949 757997 378053 11899 226553 42336 182802 1415 398913 5140 392638 1135 12000 12000 4917229 2463492 2364856 88881 X 186147 1741964 784112 659852 0 519968 43591 42674 1013850 2964458 534453 345224 0 2000000 380856 380856 915309 2726080 X 98541 124895 0 113483 98541 238378 1013850 2964458 139837 0 X X 0 1 X 1 0 X 793515 1010047 332350 148055 375276 2659243 4734139 5981525 3576579 4790008 4670199 23752450 5527654 6991572 3908929 4938063 5045475 26411693 0 0 0 26411693 66 629 1474 11591 13760 66 629 1474 11591 13760 5527654 6991638 3909558 4939537 5057066 26425453 0.99950 0.99980 0.00050 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PAYROLL ADVANCE 380856 380856 5170549 113483 113483 5057066 0 5057066 4917229 0 4917229 0 4917229 PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM DONOR RESTRICTIONS PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE AGENCY AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, 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 2021 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 KATHLEEN MCGILVRAY FORMER CEO 193233 0 0 0 0 0 0 0 13871 0 207104 0 0 0 NANCY TURNER SR VP, RESOURCE DEVELOPMEN 139472 0 0 0 0 0 0 0 32356 0 171828 0 0 0 GAIL BERLINGER SVP OF DATA & LEARNING 125354 0 0 0 0 0 0 0 38619 0 163973 0 0 0 TAMIKA FOWLER SR VP, HUMAN RESOURCES 152830 0 0 0 0 0 0 0 8841 0 161671 0 0 0 ANNE CONWAY VP OF REAL ESTATE SYSTEMS 145281 0 0 0 0 0 0 0 14095 0 159376 0 0 0 FORM 990 SUMMARY - AMENDED 2024 AMENDED FORM 990 EXPLANATION STATEMENT: OPPORTUNITY COMMUNITIES LLC "THE ORGANIZATION" IS AMENDING ITS 2024 TAX RETURN TO INCLUDE THE 2024 ACTIVITY OF HOUSING ACCELERATED FUND LLC EIN#99-0667287 "HAF" FOR THE 2024 TAXABLE YEAR. HAF IS A SINGLE-MEMBER LLC WHOLLY OWNED BY THE ORGANIZATION. THIS AMENDED 2024 TAX RETURN ENSURES THAT ALL 2024 ACTIVITIES OF HAF ARE ACCURATELY REFLECTED IN THE ORGANIZATION'S RECORDS AND REPORTING FOR THE YEAR. THE 2024 990 IRS TAX FORM CHANGES ARE THE FOLLOWING: 990 PART I - SUMMARY 990 PART VIII - STATEMENT OF REVENUE 990 PART IX - STATEMENT OF FUNCTIONAL EXPENSES 990 PART X - BALANCE SHEET FORM 990 - PART I- SUMMARY - AMENDED 990 PART I SUMMARY * AMENDED LINE - AS ORIGINALLY FILED / AS AMENDED * 8 - CONTRIBUTIONS AND GRANTS - 275,276 / 375,276 9 - PROGRAM SERVICE REVENUE - 4,663,561 / 4,670,199 10 - INVESTMENT INCOME - 102 / 11,591 12 - TOTAL REVENUE - 4,938,939 / 5,057,066 15 - SALARIES - 3,080,302 / 3,089,934 17 - OTHER EXPENSES - 1,818,499 / 1,827,295 18 - TOTAL EXPENSES - 4,898,801 / 4,917,229 19 - REVENUE LESS EXPENSES - 40,138 / 139,837 20 - TOTAL ASSETS - 864,676 / 2,964,458 21 - TOTAL LIABILITIES - 725,997 / 2,726,080 22 - NET ASSTETS OF FUND BALANCES - 138,679 / 238,378 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 990 TO THE BOARD OF DIRECTORS OF THE ORGANIZATION FOR REVIEW. ALL DESIRED CHANGES ARE COMMUNICATED TO THE TAX PREPARER 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 POLICY 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. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 - PART VII - SUMMARY - AMENDED 2024 AMENDED FORM 990 EXPLANATION STATEMENT: OPPORTUNITY COMMUNITIES LLC "THE ORGANIZATION" IDENTIFIED AN ERROR IN ITS 2024 TAX RETURN FORM 990 PART VII. COMPENSATION REPORTED UNDER COLUMN D INCLUDED THE OTHER BENEFITS OR BENEFITS THAT SHOULD HAVE BEEN REPORTED UNDER COLUMN F. THE ORGANIZATION IS ALSO CORRECTING THE AMOUNT OF OTHER COMPENSATION OR BENEFITS REPORTED UNDER COLUMN F. THE ORGANIZATION IS AMENDING THE 2024 TAX RETURN FORM 990 ORIGINALLY FILED NOVEMBER 15, 2025 TO ADDRESS THE UNINTENDED ERROR. THE CHANGES IN THE AMENDED 2024 TAX RETURN FORM 990 ARE AS FOLLOWS: 990 - PART VII - COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS * COLUMN D * COLUMN E * * AS ORIGINALLY FILED / AS AMENDED * AS ORIGINALLY FILED / AS AMENDED * KATHLEEN MCGILVRAY - 193,233 / 193,233 * 19,464 / 13,871 NANCY TURNER - 194,531 / 139,472 * 49,058 / 32,356 GAIL BERLINGER - 185,128 / 125,354 * 51,762 / 38,619 TAMIKA FOWLER - 183,354 / 152,830 * 33,495 / 8,841 ANNE CONWAY - 183,202 / 145,281 * 32,362 / 14,095 VICTORIA GRUBER - 159,270 / 112,935 * 44,163 / 28,378 DAVID GORDON + 66,603 / 49,880 * 13,949 / 9,075 WILLIAM MORRISON - 45,144 / 45,144 * 11,772 / 7,896 IN ADDITION TO THE ADJUSTMENTS MADE TO THE REPORTED COMPENSATION AND OTHER COMPENSATION DISCLOSED IN FORM 990, PART VII, THE ORGANIZATION IS ALSO MAKING THE FOLLOWING CORRECTIONS FOR THE SAME FORM: - JESSICA BOATRIGHT, PREVIOUSLY LISTED IN PART VII AS A DIRECTOR AND OFFICER, HAS BEEN REMOVED DUE TO HAVING NO DIRECT ASSOCIATION WITH THE ORGANIZATION DURING 2024. - THE AVERAGE WEEKLY HOURS REPORTED FOR KATHLEEN MCGILVRAY HAVE BEEN UPDATED FROM THE ORIGINALLY STATED 1 HOUR TO THE CORRECT FIGURE OF 40 HOURS DEVOTED TO THE ORGANIZATION. FORM 990 - PART VIII - SUMMARY - AMENDED PART VIII - STATEMENT OF REVENUE SUMMARY * COLUMN A * * AS ORIGINALLY FILED / AS AMENDED * 1F - ALL OTHER CONTRIBUTIONS - 275,276 / 375,276 1H - TOTAL - 275,276 / 375,276 2A - MANAGEMENT SERVICE FEE - 4,663,561 / 4,670,199 2G - TOTAL - 4,663,561 / 4,670,199 3 - INVESTMENT INCOME - 102 / 11,591 12 - TOTAL REVENUE - 4,938,939 / 5,057,066 * COLUMN B * * AS ORIGINALLY FILED / AS AMENDED * 2A - MANAGEMENT SERVICE FEE - 4,663,561 / 4,670,199 2G - TOTAL - 4,663,561 / 4,670,199 12 - TOTAL REVENUE - 4,938,939 / 5,057,066 * COLUMN C * * AS ORIGINALLY FILED / AS AMENDED * 3 - INVESTMENT INCOME - 102 / 11,590 12 - TOTAL REVENUE - 102 / 11,590 FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 757,997. MANAGEMENT AND GENERAL EXPENSES 378,053. FUNDRAISING EXPENSES 11,899. TOTAL EXPENSES 1,147,949. FORM 990 - PART IX - SUMMARY - AMENDED PART IX - STATEMENT OF FUNCTIONAL EXPENSES SUMMARY * COLUMN A * COLUMN B * * AS ORIGINALLY FILED / AS AMENDED * AS ORIGINALLY FILED AS AMENDED 5 - COMPENSATION OF CURRENT OFFICERS - 137,468 / 288,257 * 80,650 / 169,116 7 - OTHER SALARIES AND WAGES - 2,606,279 / 2,465,122 * 1,512,568 / 1,429,827 11B - FEES FOR SERVICES: LEGAL - 13,667 / 13,055 * - - 11G - OTHER - 1,144,443 / 1,147,949 * 755,681 / 757,997 13 - OFFICE EXPENSES - 220,651 / 226,553 * 42,161 / 42,336 25 - TOTAL FUNCTIONAL EXPENSES - 4,898,801 / 4,917,229 * 2,455,276 / 2,463,492 * COLUMN C * COLUMN D * * AS ORIGINALLY FILED / AS AMENDED * AS ORIGINALLY FILED / AS AMENDED * 5 - COMPENSATION OF CURRENT OFFICERS - 53,727 / 112,659 * 3,091 / 6,482 7 - OTHER SALARIES AND WAGES - 1,039,955 / 984,490 * 53,756 / 50,805 11G - OTHER - 376,899 / 378,053 * 11,863 / 11,899 13 - OFFICE EXPENSES - 177,075 / 182,802 / 1,415 / 1,415 25 TOTAL FUNCTIONAL EXPENSES - 2,355,120/ 2,364,856 * 88,405 / 88,881 FORM 990 - PART X - SUMMARY - AMENDED PART IX - BALANCE SHEET SUMMARY * COLUMN B * * AS ORIGINALLY FILED / AS AMENDED * 1 - CASH - NON-INTEREST-BEARING - 152,518/ 1,741,964 4 - ACCOUNTS RECEIVABLE, NET - 669,484 / 659,852 7 - NOTES AND LOANS RECEIVABLE, NET- 0 / 519,968 9 - PREPAID EXPENSES AND DEFERRED CHARGES - 42,674 / 42,674 16 - TOTAL ASSETS - 864,676 / 2,964,458 17 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES - 290,326 / 345,224 24 - UNSECURED NOTES AND LOANS PAYABLE TO UNRELATED THIRD PARTIES - 0 / 2,000,000 25 - OTHER LIABILITIES - 435,671 / 380,856 26 - TOTAL LIABILITIES - 725,997 / 2,726,080 27 - NET ASSETS WITHOUT DONOR RESTRICTIONS - 138,679 / 124,895 28 - NET ASSETS WITH DONOR RESTRICTIONS 0 / 113,483 32 - TOTAL NET ASSETS OR FUND BALANCES - 138,679 / 238,378 33 - TOTAL LIABILITIES AND NET ASSETS/FUND BALANCES - 864,676 / 2,964,458 FORM 990, PART XII, LINE 2C: NO CHANGE OPPORTUNITY COMMUNITIES HOUSING ACCELERATOR FUND LLC 4 GERRISH AVE CHELSEA MA 02150 990667287 COMMUNITY DEVELOPMENT MA 99699 2109414 OPPORTUNITY COMMUNITIES LLC