Opportunity finance network honors four members of. The opportunity finance network of the national community capital association began analyzing and rating cdfis through cars in late 2004, and the number of rated institutions is growing along with investor interest in the new system. Visit this page to learn about the business and what locals in washington have to say. Overview the economic impact of covid19 is devastating for millions of americans, particularly lowincome and lowwealth communities. Small business finance forum opportunity finance network. The list of acronyms and abbreviations related to ofn opportunity finance network. President william jefferson clinton at the ofn 2019 annual conference opportunity finance network ofn is the national association of community development financial institutions cdfis. Nonprofit explorer includes summary data for nonprofit tax returns and full form 990 documents, in both pdf and digital formats.
Opportunity finance network ofn is the leading national network of community development financial institutions cdfis investing in opportunities that benefit lowincome, lowwealth, and. The opportunity finance network, a philadelphiabased national umbrella group of 2 community development financial institution cdfis founded in 1995, defines the term as a category of financing that helps people and communities just outside the margins of conventional, mainstream finance join the economic mainstreamand helps the economic. Opportunity finance network careers the applicant manager. Defining, operationalizing, and measuring the goal of postsecondary educational opportunity v foreword t he terms opportunity, college opportunity, and equal opportunity have been part of the mainstream higher education lexicon for. Ofn response to covid19 opportunity finance network. Using cdfis to finance community development projects. Come join the cdfi connect communitystart collaborating and networking. The opportunity finance network conference is the premier event in the cdfi industry. Browse our collection of opportunity finance network information for news stories, slideshows, opinion pieces and related videos posted on. Opportunity finance network colleen williams partner rsm us llp angela dowell chief financial officer chicago community loan fund presenters.
This file contains an article written by beth lipson of national community capital now opportunity finance network that provides an overview of equity equivalent investments, an equitylike investment that banks and other investors can make in cdfis. Small business development services and revolving loan fund a subsidiary of east missouri action agency, inc. Opportunity finance network philadelphia, pennsylvania the mission of opportunity finance network ofn is to lead community development financial institutions cdfis and their partners to ensure that lowincome, lowwealth, and other disadvantaged people and communities have access to affordable, responsible financial products and services. October 19, 2016 when the republicancontrolled congress approved a landmark program in 2003 to help seniors buy prescription drugs, it slapped on an unusual restriction. Opportunity finance network ofn is a national network of community development financial institutions cdfis. Opportunity finance network ofn responsible business. Opportunity finance network honors four members of congress for commitment to job creation and economic development washington, oct.
Opportunity finance network annual conference report steve. Ofn is a credit union based in philadelphia, pa that was founded in 2006. This is the opportunity finance network company profile. The lowstress way to find your next opportunity finance network job opportunity is on simplyhired. Opportunity finance network ofn has been one of the nations leading associations of community development financial institutions cdfis since 1984. Opportunity finance network board candidate statement. Opportunity finance network nonprofit explorer propublica. Small business support and small business lending is a large part of what cdfis do about 60% of the nations cdfis provide loans to small businesses. From 911 to hurricane katrina, super storm sandy to. This joint grant with kresges american cities practice supports the 2015 opportunity finance network conference, which brings together cdfis, investors. Classification financial institutions, services nongovernment related public, society benefit. New opportunity finance network careers are added daily on.
The opportunity finance industry, including the 170 community development financial institutions that are. Opportunity finance network operates as a nonprofit organization. Member profile the disability opportunity fund albertson, ny launched in 2007, the disability opportunity fund dof is a national cdfi solely committed to creating housing solutions that promote independence by providing a range of services from financial support to. Opportunity finance network ofn is a leading national network of cdfis community development financial institutions headquartered in washington d. Opportunity finance network washington, dc alignable.
The federal government was barred from negotiating cheaper prices for those medicines. Opportunity finance network articles, photos and videos aol. Its the perfect place for knowledge exchange, content curation, idea incubation, and professional networking. Finances working group on business income tax april 15, 2015 the national employment opportunity network neon is pleased to submit comments on the work opportunity tax credit wotc to the senate finance ommittees tax reform working group on usiness income tax. We work just outside the margins of conventional finance to bring those markets into the economic mainstream and to help the economic mainstream flow in those markets. Opportunity finance network philadelphia, pa 191063411 taxexempt since aug. All content is posted anonymously by employees working at opportunity finance network. On june 18 and 19, opportunity finance network ofn hosted its eighth annual small business finance forum for nearly 400 representatives of community development financial institutions cdfis and other missiondriven small business lenders and partners. Classification financial institutions, services nongovernment related public, society benefit multipurpose and other nonprofit tax code. Agenda changes in accounting rulesguidance asu 201808 notforprofit entities topic 958.
To lead cdfis and their partners to ensure that lowincome, lowwealth, and other disadvantaged people and communities have access to affordable, responsible financial products and services. About if you make enough difference at the margins, year in and year out, pretty soon youll look around and the world is a much better place. Cdfis are missiondriven community development banks, credit unions, loan funds and venture capital funds investing in opportunities. Apply to finance manager, sales representative, business analyst and more. If you have questions or concerns, please contact the opportunity financial customer support team by phone at 8554085000, monday friday, 7 a. Investments e 10 the need a strong permanent capital base is critical for community development financial institutions cdfis because it increases the organizations risk tolerance and lending flexibility, lowers the cost of capital, and protects lenders by providing a cushion against losses in excess of loan loss reserves. Investments community development financial institutions. Opportunity finance network ofn is the leading network of community development financial institutions cdfis with a proven expertise in lending prudently and productively in unconventional. There are over 7,893 opportunity finance network careers waiting for you to apply.
Members of ofn are cdfis that deliver responsible lending to help lowincome. G251709 opportunity finance network the kresge foundation. Affairs officer of the opportunity finance network ofn. Opportunity finance network 901 d street sw, suite 1050, washington d. Reviews from opportunity finance network employees about opportunity finance network culture, salaries, benefits, worklife balance, management, job security, and more. Opportunity finance network ofn is a network of more than 270 missionfocused loan funds, community banks, venture funds, and credit unions that take financial services to the people and places that traditional finance cant reach. Opportunity finance network board candidate statement chuck wall, chief financial officer renaissance community loan fund dear ofn members, i am honored to be nominated to run for the board of directors of opportunity finance network. Opportunity finance network is the nations leading network of community development loan funds.
Opportunity finance network ofn, the national network of community development financial institutions cdfis, strives to ensure lowincome and other underresourced communities have access to affordable, responsible financial products and services. G1807274603 opportunity finance network the kresge. Lobbyists, campaign cash help drug industry stymie bid to restrain medicare prescription costs. The organization offers financial products and services including financing systems, public and private resources, training. Individuals and families are experiencing deep, shocking effects as small businesses close indefinitely. Welcome to a dynamic collaborative community designed and built just for the cdfi industry. The nations leading network of community development financial institutions works to ensure that lowincome and lowwealth people and communities have access to affordable, responsible financial products and services. Opportunity finance network ofn is the leading national network of community development financial institutions cdfis, missiondriven lenders that align capital with social and economic justice.
1562 380 132 409 1514 133 1543 966 314 628 1101 381 1102 140 220 1148 132 1404 142 572 426 1171 103 728 781 1410 941 1071 21 54 1348