Totals
- Total revenue
- $54,402
- Total expenses
- $19,336
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $48,618
- Investment income
- $5,784
- Other revenue
- $0
- Total assets, end of year
- $4,261,515
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $4,261,515
- Program services expenses (Part IX)
- $19,336
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $19,336
Program services were 100.0% 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.
-
2a · Program service revenue: INTEREST FROM REAL EST
total $48,618 · related or exempt $48,618
-
3 · Investment income
total $5,784 · excluded $5,784
Functional expenses
Part IX, the statement of functional expenses.
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $19,300 · program services $19,300
-
24b · Other expenses: MEMBERSHIP & DUES
total $36 · program services $36
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $3,643,091
-
4 · Accounts receivable
beginning of year $0 · end of year $2,831
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $615,593
-
27 · Net assets without donor restrictions
beginning of year $0 · end of year $4,261,515
Mission and programs · 2022
Mission
THE MISSION OF THE CORPORATION IS TO PROMOTE COMMUNITY DEVELOPMENT THROUGH ACTIVITIES DIRECTED TOWARD IMPROVING THE SOCIAL AND/OR ECONOMIC CONDITIONS OF UNDERSERVED PEOPLE INCLUDING LOW-INCOME PERSONS AND PERSONS WHO LACK ADEQUATE ACCESS TO CAPITAL AND FINANCIAL SERVICES AND RESIDENTS OF ECONOMICALLY DISTRESSED COMMUNITIES.
-
HOUSING IN 2022, PERMANENT FINANCING FOR TWO HOUSING PROJECTS WAS PROVIDED FOR A TOTAL AMOUNT OF $615,593. ONE PROJECT WAS FOR A 15-UNIT SENIOR HOUSING PROJECT AND THE SECOND ONE WAS FOR A 17-UNIT LOW-INCOME HOUSING PROJECT BENEFITTING A TOTAL OF 32 LOW-INCOME RESIDENTS WITHIN THE STATE OF OKLAHOMA.
Expenses $19,336 · Revenue $48,618
-
BUSINESS LENDING - NO ACTIVITY
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scott DewaldSCOTT DEWALD
PRESIDENT
- Total calculated
- $444,331
- From this org
- $0
- From related orgs
- $410,093
- Other
- $34,238
- Hours/week
- 1 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $275,898 related
- Bonus
- $0 + $121,678 related
- Other
- $0 + $12,517 related
- Deferred
- $0 + $22,802 related
- Nontaxable benefits
- $0 + $11,436 related
- Filer's total
- $0 + $444,331 related
-
Chris MeyersCHRIS MEYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Brian AlfordBRIAN ALFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeff GreenleeJEFF GREENLEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Greta StewartGRETA STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sherry HarlinSHERRY HARLIN
EXE VP & ASSISTANT SECRETARY
- Total calculated
- $291,715
- From this org
- $0
- From related orgs
- $263,034
- Other
- $28,681
- Hours/week
- 1 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $199,363 related
- Bonus
- $0 + $62,320 related
- Other
- $0 + $1,351 related
- Deferred
- $0 + $16,057 related
- Nontaxable benefits
- $0 + $12,624 related
- Filer's total
- $0 + $291,715 related
-
Debbie PartinDEBBIE PARTIN
VP & SECRETARY
- Total calculated
- $262,385
- From this org
- $0
- From related orgs
- $239,505
- Other
- $22,880
- Hours/week
- 1 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $181,748 related
- Bonus
- $0 + $57,038 related
- Other
- $0 + $719 related
- Deferred
- $0 + $14,696 related
- Nontaxable benefits
- $0 + $8,184 related
- Filer's total
- $0 + $262,385 related
-
Lori HillLORI HILL
TREASURER
- Total calculated
- $247,486
- From this org
- $0
- From related orgs
- $233,512
- Other
- $13,974
- Hours/week
- 1 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $177,580 related
- Bonus
- $0 + $54,234 related
- Other
- $0 + $1,698 related
- Deferred
- $0 + $13,974 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $247,486 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
RURAL ENTERPRISES OF OKLAHOMA INC
501(C)(3) · ECONOMIC DEVELOPMENT · OK
-
501(C)(3) · ECONOMIC DEVELOPMENT · OK · controlled entity
Directly controlled by REI OKLAHOMA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303179349307555
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