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Filing year 2023

OPPORTUNITY APARTMENTS INC

Kendallville, Indiana·EIN 35-1820748·NTEE L20Z · Housing & Shelter·501(c)(3)
Total revenue
$191k
Total assets
$450k
Total expenses
$173k
Reported officers
10
Mission

OPPORTUNITY APARTMENTS, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 15 UNIT APARTMENT COMPLEX IN KENDALLVILLE, INDIANA KNOWN AS OPPORTUNITY APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR ELIGIBLE LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY HUD.

Executive compensation

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.

Physician
Highest Compensated Employee
Below 10th percentile
$12k
$13k
President/ceo
Below 10th percentilevs Housing & Shelter peers in Indiana
$10k
$11k
Secretary/treasurer
Officer (Unspecified)
$5k
$6k
Nurse Practitioner
Highest Compensated Employee
Below 10th percentile
$5k
$6k
Director
Board Member
10th to 25th percentile
$5k
$6k
Medical Director
Highest Compensated Employee
Below 10th percentile
$5k
$6k
HR Director
Highest Compensated Employee
Below 10th percentile
$5k
$6k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at OPPORTUNITY APARTMENTS INC equaled 7% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2023)
7%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Pay for the position

Highest Compensated Employee pay rose 90% from 2022 to 2023, while revenue rose 10%.

$6k in 2022 to $12k in 2023.
  • Chief Executive Officer pay rose 332% from 2022 to 2023.
  • Board Member pay rose 197% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about OPPORTUNITY APARTMENTS INC

What does the Highest Compensated Employee of OPPORTUNITY APARTMENTS INC earn?

In 2023, the Highest Compensated Employee of OPPORTUNITY APARTMENTS INC received $12,116 in total compensation. This pay is in the bottom 10% for Highest Compensated Employee roles among Housing & Shelter organizations nationwide: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at OPPORTUNITY APARTMENTS INC compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations nationwide, the 2023 pay of the Highest Compensated Employee at OPPORTUNITY APARTMENTS INC falls in the bottom 10%. In 2023, the highest total compensation at OPPORTUNITY APARTMENTS INC equaled 7% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are OPPORTUNITY APARTMENTS INC's revenue and expenses?

In 2023, OPPORTUNITY APARTMENTS INC reported $191k in total revenue and $173k in total expenses on its IRS Form 990.

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