Although there is a growing body of research based on social disorganization theory that relates the neighborhood context to juvenile crime and delinquency, it is unknown whether neighborhood social processes operate in a similar way across all types of disadvantaged neighborhoods. It is possible that some social processes are unique to economically depressed areas. This research attempts to explain theoretically and test empirically the relationships between neighborhood social structure, social processes, delinquent opportunity structures, and rates of adolescent delinquency among structurally disadvantaged neighborhoods. The hypotheses are tested using neighborhood-level parent and youth data from 44 Denver neighborhoods. A series of regression models are constructed to estimate the effects of the neighborhood on rates of delinquency. The results show that for this high-risk sample the most consistent predictor of rates of problem behavior is youths' perceptions of limited opportunities for the future. (Contains 8 notes, 3 tables, and 1 figure.)