Five funders have made initial investments to support OppCo’s planning and early start-up including NeighborWorks America, the Boston Foundation, Massachusetts Housing Partnership, Enterprise, and the Massachusetts Department of Housing and Community Development.
During 2019, OppCo will complete business planning to map out its growth plan. Early modeling demonstrates financial feasibility of the concept while resulting in a joint staff that is significantly stronger, with OppCo’s members benefitting from deeper expertise and depth across all functions.
In its first year, the model projects a positive bottom line for the two founding organizations.
OppCo’s Multi-Year Budget models increasing efficiency with growth within each member, from additional members, and from clients who purchase discrete services.
The financial modeling evaluates the cost delta by function, identifying areas of efficiency, capacity increase, and growth opportunities.