UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

(Mark One)

[X]      Quarterly report under Section 13 or 15(d) of the Securities Exchange
         Act of 1934 for the quarterly period ended March 31, 2004.

[ ]      Transition  report under Section 13 or 15(d) of the Securities Exchange
         Act of 1934 for the transition period from __________ to __________.


COMMISSION FILE NUMBER: 000-32845
                        ---------

                             Opus Communities, Inc.
        -----------------------------------------------------------------
        (Exact Name of Small Business Issuer as Specified in its Charter)

            TEXAS                                       75-2668876
----------------------------------          ------------------------------------
(State or other jurisdiction                (I.R.S. Employer Identification No.)
of incorporation or organization)

          811 S. Central Expressway, Suite 210, Richardson, Texas 75080
          --------------------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (972) 644-9991
                          -----------------------------
                           (Issuer's Telephone Number)


         Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

                                 YES [ ] NO [X ]


         On January 4, 2005, there were 63,880,000 outstanding shares of the
issuer's common stock, par value $0.001.




<PAGE>




                                TABLE OF CONTENTS


PART I -   FINANCIAL INFORMATION...............................................3

ITEM 1.    Financial Statements................................................3
ITEM 2     Management's Discussion & Analysis or Plan of Operations............4
ITEM 3.    Controls and Procedures.............................................5

PART II -  OTHER INFORMATION...................................................5

ITEM 6.    Exhibits and Reports on Form 8-K....................................5

SIGNATURES.....................................................................5
INDEX TO EXHIBITS..............................................................6
CERTIFICATIONS.................................................................7


                                       2
<PAGE>



PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

         As used herein, the term "Company" refers to Opus Communities, Inc., a
Texas corporation, and its predecessors, unless otherwise indicated.
Consolidated, unedited, condensed interim financial statements including a
balance sheet for the Company as of the quarter ended March 31, 2004, statement
of operations and statement of cash flows for the interim period up to the date
of such balance sheet and the comparable periods of the preceding year are
attached hereto beginning on Page F-1 and are incorporated herein by this
reference.

         The consolidated financial statements for the Company included herein
are unaudited but reflect, in management's opinion, all adjustments, consisting
only of normal recurring adjustments, that are necessary for a fair presentation
of the Company's financial position and the results of its operations for the
interim periods presented. Because of the nature of the Company's business, the
results of operations for the three months ended March 31, 2004 are not
necessarily indicative of the results that may be expected for the full fiscal
year. The financial statements included herein should be read in conjunction
with the financial statements and notes thereto included in the Form 10-KSB for
the year ended December 31, 2003.


                                       3
<PAGE>



                              OPUS Communities Inc.
                    (formerly Cobra Financial Services Inc.)
                                 Balance Sheets
                                   (Unaudited)
                                                  March 31           December 31
                                                    2004                2003
                                               ----------------- ---------------
                                   A S S E T S
                                  -------------

Current Assets:
----------------
     Cash                                       $             -   $           -
                                                ----------------  --------------

    Total Current Assets                                      -               -
                                                ----------------  --------------

    Total Assets                                $             -   $           -
                                                ================  ==============


        L I A B I L I T I E S A N D S T O C K H O L D E R S ' E Q U I T Y
        ------------------------------------------------------------------

Current Liabilities
--------------------
Officer Advances                                $         1,000   $       1,000
                                                ----------------  --------------

    Total Current Liabilities                             1,000           1,000

Commitments and Contingencies                                 -               -
-----------------------------

Stockholders' Equity
---------------------
Preferred Stock,  $.001 par value,                            -               -
20,000,000 shares authorized; none
issued and outstanding

Common stock,  $.001 par value,                          15,630          15,630
100,000,000 shares authorized;
15,630,000 shares issued and outstanding


Additional paid-in capital                               14,330          14,330
Accumulated deficit                                     (30,960)        (30,960)
                                                ----------------  --------------

    Total Stockholders' Equity                           (1,000)         (1,000)
                                                ----------------  --------------

    Total Liabilities and Stockholders' Equity   $            -    $           -
                                                ================  ==============

                 See Accompanying notes to Financial Statements
                                      F-1
<PAGE>




                              OPUS Communities Inc.
                    (formerly Cobra Financial Services Inc.)
                            Statements of Operations
                                   (Unaudited)
                                    --------------------------------------------
                                             Three Months Ended March 31,
                                    --------------------------------------------
                                            2004                      2003
                                    --------------------      ------------------

Revenues:
Revenue                             $                -        $               -
                                    --------------------      ------------------

Total revenues                                       -                        -

Operating Expenses:
General and Administrative                           -                      220
                                    --------------------      ------------------

                                                     -                      220
                                    --------------------      ------------------

Income (Loss) from operations                        -                     (220)
                                    --------------------      ------------------

Provision for Income Taxes:
Income Tax Benefit (Expense)                         -                        -


Net Income (Loss)                   $                -        $            (220)
                                    ====================     ===================

Loss per common share:

From operations                     $                -        $           (0.00)
                                    --------------------      ------------------

Weighted average common shares
outstanding                                 15,630,000               15,180,000
                                    ====================      ==================



                 See Accompanying notes to Financial Statements
                                      F-2
<PAGE>




                              OPUS Communities Inc.
                    (formerly Cobra Financial Services Inc.)
                            Statements of Cash Flows
                                   (Unaudited)
<TABLE>
<CAPTION>
<S>                                                                       <C>                <C>
                                                         --------------------------------------------------
                                                                   Three Months Ended March 31,
                                                         ---------------------------------------------------
                                                                     2004                       2003
                                                         -------------------------   -----------------------
Cash Flows from Operating Activities:
Net Income                                                $                     -     $                (220)

Adjustments to Reconcile net loss to net
cash provided by (used in) operating activities:
   Changes in operating assets and liabilities:
   Accrued Expenses                                                             -                         -
   Deferred Income Tax Benefit                                                  -                         -

                                                         -------------------------   -----------------------
Net Cash provided by (used in) Operating Activities       $                     -     $                (220)

Cash Flows from Investing Activities:
   Fixed Assets                                                                 -                         -

                                                         -------------------------   -----------------------
Net Cash provided by (used in) Investing Activities       $                     -     $                   -

Cash Flows from Financing Activities:
   Issuance of common stock                                                     -                         -
   Advances from officer                                                        -                         -

                                                         -------------------------   -----------------------
Net Cash provided by (used in) Financing Activities       $                     -     $                   -

Net Increase (Decrease) in cash and cash equivalents                            -                      (220)

Cash at beginning of year                                 $                     -     $                 267
                                                         =========================   =======================

Cash at end of year                                       $                     -     $                  47
                                                         =========================   =======================

Supplemental disclosure:
Total interest paid                                       $                     -     $                   -
                                                         =========================   =======================
</TABLE>

                 See Accompanying notes to Financial Statements
                                      F-3
<PAGE>



                             OPUS Communities, Inc.
                    (formerly Cobra Financial Services Inc.)
                          Notes to Financial Statements

Note 1  - Summary of Significant Accounting Policies
-----------------------------------------------------

General
--------

The unaudited interim financial statements of the Cobra Financial Services, Inc.
("Company") as of March 31, 2004 and for the three months ended March 31, 2004,
included herein have been prepared in accordance with the instructions for Form
10-QSB under the Securities Exchange Act of 1934, as amended, and Article 10 of
Regulation S-X under the Securities Act of 1933, as amended. The December 31,
2003 Balance Sheet was derived from audited financial statements, but does not
include all disclosures required by generally accepted accounting principles.
Certain information and note disclosures normally included in financial
statements prepared in accordance with generally accepted accounting principles
have been condensed or omitted pursuant to such rules and regulations relating
to interim consolidated financial statements.

In the opinion of management, the accompanying unaudited interim financial
statements reflect all adjustments, consisting only of normal recurring
adjustments, necessary to present fairly the financial position of the Company
at March 31, 2004, and the results of their operations for the three months
ended March 31, 2004 and 2003, and their cash flows for the three months ended
March 31, 2004.

The results of operations for such periods are not necessarily indicative of
results expected for the full year or for any future period. These financial
statements should be read in conjunction with the audited consolidated financial
statements as of December 31, 2003, and the related notes included in the
Company's Form 10-SB filed with the Securities and Exchange Commission.

Organization
-------------

OPUS Communities Inc. ("the Company") was originally incorporated under the laws
of the State of Texas on September 16, 1996 as Cobra Financial Services Inc. for
the purpose to promote and carry on any lawful business for which a corporation
may be incorporated under the laws of the State of Texas. The Company has a
total of 100,000,000 authorized shares with a par value of $.001 per share and
with 15,630,000 shares issued and outstanding as of December 31, 2002. On May
10, 2000, an amendment to the Articles of Incorporation was filed with the Texas
Secretary of State to increase the authorized common share to 100,000,000,
authorized 20,000,000 in preferred stock, and change the par value to $.001 for
both classes of stock. On August 19, 2004, an amendment and restated articles of
incorporation was filed with the Secretary of State of Texas to change the name
from Cobra Financial Services Inc. to OPUS Communities Inc. Prior to 1999, the
Company was involved in limited business consulting.

                                      F-4
<PAGE>

                             OPUS Communities, Inc.
                    (formerly Cobra Financial Services Inc.)
                          Notes to Financial Statements

Note 1  -  Summary of Significant Accounting Policies (con't)
--------------------------------------------------------------

Earnings per Common Share
---------------------------

The Company adopted Financial Accounting Standards  (SFAS) No. 128, "Earnings
Per Share," which simplifies the computation of earnings per share requiring the
restatement of all prior periods.

Basic earnings per share are computed on the basis of the weighted average
number of common shares outstanding during each year.

Fair Value Of Financial Instruments
------------------------------------

The carrying value of financial instruments including marketable securities,
notes and loans receivables, accounts payable and notes payable approximate
their fair values at December 31, 2003.

Long-Lived Assets
------------------

Statement of Financial Accounting Standards No. 121 "Accounting for Impairment
of Long-Lived Assets to be Disposed of " requires, among other things,
impairment loss of assets to be held and gains or losses from assets that are
expected to be disposed of be included as a component of income from continuing
operations before taxes on income.

Note 2  - Common Stock
-----------------------

There were no changes in the outstanding common stock for the quarter ended
March 31, 2004.

Note 3 - Going Concern
-----------------------

The accompanying financial statements have been prepared in conformity with
principles of accounting applicable to a going concern, which contemplates the
realization of assets and the liquidation of liabilities in the normal course of
business. The Company's revenue has decreased subsequent to the year ended
December 31, 2001 and has not yet generated sufficient working capital to
support its operations. The Company's ability to continue as a going concern is
dependent, among other things, on its ability to reduce certain costs, obtain
new contracts and additional financing and eventually, attaining a profitable
level of operations.

It is management's opinion that the going concern basis of reporting its
financial condition and results of operations is appropriate at this time. The
Company plans to increase cash flows and take steps towards achieving profitable
operations through its business plan.


                                      F-5
<PAGE>

                             OPUS Communities, Inc.
                    (formerly Cobra Financial Services Inc.)
                          Notes to Financial Statements

Note 4  - Subsequent Events
-----------------------------

On August 4, 2004, the Company agreed to a six to one forward split of the
outstanding common stock. At the time of the forward split there were 10,630,000
shares outstanding resulting in 63,780,000 common shares outstanding after the
forward split.

On August 19, 2004, an amendment and restated articles of incorporation was
filed with the Secretary of State of Texas to change the name from Cobra
Financial Services Inc. to OPUS Communities Inc.






                                      F-6
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION & ANALYSIS and Plan of Operation

Forward-looking Information

         This quarterly report contains forward-looking statements. For this
purpose, any Statements contained herein that are not statements of historical
fact may be deemed to be forward looking statements. These statements relate to
future events or to the Company's future financial performance. In some cases,
you can identify forward-looking statements by terminology such as "may",
"should," "expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "potential," or "continue" or the negative of such terms or other
comparable terminology. These statements are only predictions. Actual events or
results may differ materially. There are a number of factors that could cause
the Company's actual results to differ materially from those indicated by such
forward-looking statements.

         Although the Company believes that the expectations reflected in the
forward-looking statements are reasonable, it cannot guarantee future results,
levels of activity, performance, or achievements. Although all such
forward-looking statements are accurate and consequently do not assume
responsibility for the ultimate accuracy and completeness of such
forward-looking statements after the dare of this report to confirm such
statements to actual results.

General

         Our business plan is to seek to acquire or merge with potential
businesses that may, in the opinion of management, warrant our involvement.
Management's discretion is unrestricted, and we may participate in any business
whatsoever that may in the opinion of management meet the business objectives
discussed herein. We may investigate businesses of any kind or nature, including
those in finance, technology, manufacturing, service, research and development,
communications, insurance, brokerage and transportation. Management may also
seek to become involved with other development stage companies or companies that
could be categorized as financially troubled. We may effect a business
combination with another business outside the United States. We have not limited
the scope of our search to a particular region or country. Accordingly, to the
extent that the acquired business may be located or operate in a foreign
jurisdiction, our operations may be adversely affected to the extent of the
existence of unstable economic, social and/or political conditions in such
foreign regions and countries. We may not be capable of reviewing the potential
operational risks surrounding foreign businesses.

         Other than general corporate activities, including the negotiation and
consummation of a business combination, we will not engage in any substantive
commercial business until such time as we have effected a business combination.

         We have not had revenues from operations in each of our last two years.


                                       4
<PAGE>



ITEM 3.  CONTROLS AND PROCEDURES

         Within the 90 days prior to the date of this report, the Company
carried out an evaluation, under the supervision and with the participation of
the Company's management, including the Company's Chief Executive Officer and
the Chief Financial Officer of the Company, of the effectiveness of the design
and operation of the Company's disclosure controls and procedures pursuant to
Exchange Act Rule 13a-14. Based upon the evaluation, the Company's Chief
Executive Officer and the Chief Financial Officer of the Company concluded that
the Company's disclosure controls are effective in timely alerting them to
material information relating to the Company (including its consolidated
subsidiaries) required to be included in the Company's periodic SEC filings.
There have been no significant changes in the Company's internal controls or in
other factors which could significantly affect internal controls subsequent to
the date the Company conducted its evaluation.

PART II. OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a) Exhibits required to be attached by Item 601 of Regulation S-B are
             listed in the Index to Exhibits beginning on page 6 of this Form
             10-QSB, which is incorporated herein by reference.

         (b) Reports on Form 8-K. No reports were filed on Form 8-K during the
             first quarter of 2004.


                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
has caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

                                            OPUS COMMUNITIES, INC.


Dated: January 5, 2005                     /s/ Carlton Fleming
                                            ------------------------------------
                                            Carlton Fleming, President





                                       5
<PAGE>



                                INDEX TO EXHIBITS

EXHIBIT           PAGE
NO.               NO.               DESCRIPTION

3(i)              *                 Articles of Incorporation of the Company.
                                    (Incorporated by reference from the
                                    Company's Form 10SB12G, file number
                                    000-32845, effective on June 5, 2001).

3(ii)             *                 Certificate of Amendment to Articles of
                                    Incorporation. (Incorporated by reference
                                    from the Company's Form 10-KSB, file number
                                    000-32845, filed on December 23, 2004).

3(iii)            *                 Bylaws of the Company. (Incorporated by
                                    reference from the Company's Form 10SB12G,
                                    file number 000-32845, effective on June 5,
                                    2001).

31(i)             7                 Certification of Chief Executive Officer
                                    under Section 302 of the Sarbanes-Oxley Act
                                    of 2002.

31(ii)            8                 Certification of Chief Financial Officer
                                    under Section 302 of the Sarbanes-Oxley Act
                                    of 2002.

32(i)             9                Certification of Chief Executive Officer of
                                    Opus Communities Inc. Pursuant to 18 U.S.C.
                                    ss.1350

32(ii)            10                Certification of Chief Financial Officer of
                                    Opus Communities Inc. Pursuant to 18 U.S.C.
                                    ss.1350

* Previously filed as indicated and incorporated herein by reference from the
referenced filings previously made by the Company.



                                       6
<PAGE>



                                                                   EXHIBIT 31(i)
                                  CERTIFICATION

I, Carlton Fleming, as Chief Executive Officer of Opus Communities, Inc. (the
"Company"), certify that:

1.       I have reviewed this quarterly report on Form 10-QSB of the Company;

2.       Based on my knowledge, this quarterly report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

3.       Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the small business issuer as of, and for, the periods
         presented in this quarterly report;

4.       The small business issuer's other certifying officer(s) and I am
         responsible for establishing and maintaining disclosure controls and
         procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))
         and internal control over financial reporting (as defined in Exchange
         Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and
         have:

         (a      designed such disclosure controls and procedures or caused such
         disclosure controls and procedures to be designed under my supervision,
         to ensure that material information relating to the small business
         issuer, including its consolidated subsidiaries, is made known to
         myself by others within those entities, particularly during the period
         in which this quarterly report is being prepared;

         (b)     designed such internal control over financial reporting, or
         caused such internal control over financial reporting to be designed
         under my supervision, to provide reasonable assurance regarding the
         reliability of financial reporting and the preparation of financial
         statements for external purposes in accordance with generally accepted
         accounting principles;

         (c)     evaluated the effectiveness of the small business issuer's
         disclosure controls and procedures and presented in this report my
         conclusions about the effectiveness of the disclosure controls and
         procedures, as of the end of the period covered by this report based on
         such evaluation; and

         (d)     disclosed in this report any change in the small business
         issuer's internal controls over financial reporting that occurred
         during the small business issuer's most recent fiscal quarter that has
         materially affected, or is reasonably likely to materially effect, the
         small business issuer's internal controls over financial reporting; and

5.       The small business issuer's other certifying officer(s) and I have
         disclosed, based on our most recent evaluation of internal control over
         financial reporting, to the small business issuer's auditors and the
         audit committee of the small business issuer's board of directors;

         (a)     all significant deficiencies and material weaknesses in the
         design or operation of internal control over financial reporting which
         are reasonable likely to adversely affect the small business issuer's
         ability to record, process, summarize and report financial information;
         and

         (b)     any fraud, whether or not material, that involves management or
         other employees who have a significant role in the small business
         issuer's internal control over financial reporting.

Date: January 5, 2005

/s/ Carlton Fleming
---------------------------
Carlton Fleming
Chief Executive Officer

                                       7
<PAGE>



                                                                  EXHIBIT 31(ii)
                                  CERTIFICATION

I, Dane McDaniel, as Chief Financial Officer of Opus Communities, Inc. (the
"Company"), certify that:

1.       I have reviewed this quarterly report on Form 10-QSB of the Company;

2.       Based on my knowledge, this quarterly report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

3.       Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the small business issuer as of, and for, the periods
         presented in this quarterly report;

4.       The small business issuer's other certifying officer(s) and I am
         responsible for establishing and maintaining disclosure controls and
         procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))
         and internal control over financial reporting (as defined in Exchange
         Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and
         have:

         (a)     designed such disclosure controls and procedures or caused such
         disclosure controls and procedures to be designed under my supervision,
         to ensure that material information relating to the small business
         issuer, including its consolidated subsidiaries, is made known to
         myself by others within those entities, particularly during the period
         in which this quarterly report is being prepared;

         (b)     designed such internal control over financial reporting, or
         caused such internal control over financial reporting to be designed
         under my supervision, to provide reasonable assurance regarding the
         reliability of financial reporting and the preparation of financial
         statements for external purposes in accordance with generally accepted
         accounting principles;

         (c)     evaluated the effectiveness of the small business issuer's
         disclosure controls and procedures and presented in this report my
         conclusions about the effectiveness of the disclosure controls and
         procedures, as of the end of the period covered by this report based on
         such evaluation; and

         (d)     disclosed in this report any change in the small business
         issuer's internal controls over financial reporting that occurred
         during the small business issuer's most recent fiscal quarter that has
         materially affected, or is reasonably likely to materially effect, the
         small business issuer's internal controls over financial reporting; and

5.       The small business issuer's other certifying officer(s) and I have
         disclosed, based on our most recent evaluation of internal control over
         financial reporting, to the small business issuer's auditors and the
         audit committee of the small business issuer's board of directors;

         (a)     all significant deficiencies and material weaknesses in the
         design or operation of internal control over financial reporting which
         are reasonable likely to adversely affect the small business issuer's
         ability to record, process, summarize and report financial information;
         and

         (b)     any fraud, whether or not material, that involves management or
         other employees who have a significant role in the small business
         issuer's internal control over financial reporting.

Date: January 5, 2005

/s/ Dane McDaniel
---------------------------
Dane McDaniel
Chief Financial Officer


                                       8
<PAGE>



                                                                  EXHIBIT 32 (i)

               CERTIFICATION PURSUANT TO 18 U.S.C. SECTIONS 1350,
                             AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACTS OF 2002

         Certification Pursuant to 18 U.S.C., Section 1350, as Adopted Pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002.

         In connection with the Quarterly Report of Opus Communities, Inc. (the
"Company") on Form 10-QSB for the quarter ended March 31, 2004 (the "Report"),
as filed with the Securities and Exchange Commission, on the date hereof (the
"Report), the undersigned, Carlton Fleming, Chief Executive Officer of the
Company, hereby certifies, pursuant to 18 U.S.C. 1350, as adopted pursuant to 18
U.S.C., Section 1350, that:

         (1) The Report fully complies with the requirements of Section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

         (2) The information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of the
Company.


Dated: January 5, 2005                     /s/ Carlton Fleming
                                            --------------------------
                                            Carlton Fleming
                                            Chief Executive Officer

                                       9
<PAGE>



                                                                 EXHIBIT 32 (ii)

               CERTIFICATION PURSUANT TO 18 U.S.C. SECTIONS 1350,
                             AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACTS OF 2002

         Certification Pursuant to 18 U.S.C., Section 1350, as Adopted Pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002.

         In connection with the Quarterly Report of Opus Communities, Inc. (the
"Company") on Form 10-QSB for the quarter ended March 31, 2004 (the "Report"),
as filed with the Securities and Exchange Commission, on the date hereof (the
"Report), the undersigned, Dane McDaniel, Chief Financial Officer of the
Company, hereby certifies, pursuant to 18 U.S.C. 1350, as adopted pursuant to 18
U.S.C., Section 1350, that:

         (1) The Report fully complies with the requirements of Section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

         (2) The information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of the
Company.


Dated: January 5, 2005                     /s/ Dane McDaniel
                                            ---------------------------
                                            Dane McDaniel
                                            Chief Financial Officer

                                       10