Form 990 for tax year 2025
Filed by SOUTHEAST OKLAHOMA COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $162,442
- Total expenses
- $250,827
- Contributions and grants received
- $118,767
- Grants paid
- $0
- Program service revenue
- $12,467
- Investment income
- $31,208
- Other revenue
- $0
- Total assets, end of year
- $787,576
- Total liabilities, end of year
- $938,676
- Net assets or fund balances, end of year
- -$151,100
- Program services expenses (Part IX)
- $224,483
- Management and general expenses
- $26,344
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $224,483
Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$118,767
-
2a · Program service revenue: PROGRAM FEES
total $12,467 · related or exempt $12,467
-
3 · Investment income
total $31,208 · excluded $31,208
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $98,244 · program services $98,244
-
10 · Payroll taxes
total $30,662 · program services $30,662
-
11g · Fees: other
total $20,200 · management and general $20,200
-
13 · Office expenses
total $8,525 · program services $5,351 · management and general $3,174
-
16 · Occupancy
total $10,904 · program services $10,904
-
17 · Travel
total $3,429 · program services $3,429
-
19 · Conferences, conventions and meetings
total $2,000 · program services $2,000
-
20 · Interest
total $15,005 · program services $15,005
-
23 · Insurance
total $2,970 · management and general $2,970
-
24a · Other expenses: BAD DEBT EXPENSE
total $52,174 · program services $52,174
-
24b · Other expenses: FEES, LICENSES, AND DUE
total $6,714 · program services $6,714
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $363,553 · end of year $481,958
-
4 · Accounts receivable
beginning of year $1,350 · end of year $1,350
-
7 · Other notes and loans receivable
beginning of year $484,538 · end of year $304,268
-
17 · Accounts payable and accrued expenses
beginning of year $11,000 · end of year $1,000
-
19 · Deferred revenue
beginning of year $8,739 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $280,000 · end of year $415,674
-
25 · Other liabilities
beginning of year $522,002 · end of year $522,002
-
27 · Net assets without donor restrictions
beginning of year $27,700 · end of year -$151,100
Mission and programs · 2025
Mission
TO IMPROVE ECONOMIC AND FINANCIAL STABILITY THROUGH FINANCING AND DEVELOPMENT ASSISTANCE FOR LOW-INCOME INDIVIDUALS AND FAMILIES.
-
IN 2025 SOCDC SUCCESSFULLY CLOSED 5 ADDITIONAL SMALL BUSINESS LOANS. ON GOING FOLLOW UP LOAN AND EDUCATION SERVICES WERE PROVIDED TO 8 CLIENTS. FINANCIAL LITERACY SERVICES WERE PROVIDED TO 12 CLIENTS. AT THE END OF 2025 SOCDC HAD A LOAN PORTIFOLIO OF 22 ACTIVE LOANS.
Expenses $224,483 · Revenue $12,467
As filed on the 2025 return.
Listed in Part VII
-
Brent FranksBRENT FRANKS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
William SmithWILLIAM SMITH
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Sandra MeeksSANDRA MEEKS
VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
David HawkinsDAVID HAWKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
David SmithDAVID SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Leah Guess-ThomasLEAH GUESS-THOMAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ernest McCartyERNEST MCCARTY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Rebecca PorterREBECCA PORTER
EXECUTIVE DIRECTOR
- Total calculated
- $144,011
- From this org
- $0
- From related orgs
- $144,011
- Other
- $0
- Hours/week
- 5 + 35 related
-
Sheree EnsleySHEREE ENSLEY
FISCAL OFFICER
- Total calculated
- $92,880
- From this org
- $0
- From related orgs
- $92,880
- Other
- $0
- Hours/week
- 5 + 35 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LIFT COMMUNITY ACTION AGENCY INC
501(C)(3) · SOCIAL SERVICES · OK
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 9 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202612549349300831
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