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← CFBEO REAL ESTATE INC

Form 990 for tax year 2023

Filed by CFBEO REAL ESTATE INC.

Totals

Total revenue
$166,500
Total expenses
$377,360
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$166,500
Total assets, end of year
$36,755,185
Total liabilities, end of year
$16,050,000
Net assets or fund balances, end of year
$20,705,185
Program services expenses (Part IX)
$363,844
Management and general expenses
$13,516
Fundraising expenses
$0
Program service expenses (Part III)
$363,844

Program services were 96.4% 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.

  • 6a · Gross rents

    real property $166,500

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $166,500

  • 6d · Net rental income or loss

    total $166,500 · related or exempt $166,500

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $195,020 · program services $195,020

  • 22 · Depreciation, depletion and amortization

    total $168,824 · program services $168,824

  • 24a · Other expenses: LOAN PROCESSING FEES

    total $13,516 · management and general $13,516

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $671,574 · end of year $582,407

  • 10a · Land, buildings and equipment: cost or other basis

    $35,746,107

  • 10b · Land, buildings and equipment: accumulated depreciation

    $276,992

  • 10c · Land, buildings and equipment, net

    beginning of year $32,284,681 · end of year $35,469,115

  • 15 · Other assets

    beginning of year $130,220 · end of year $703,663

  • 23 · Secured mortgages and notes payable

    beginning of year $16,050,000 · end of year $16,050,000

  • 27 · Net assets without donor restrictions

    beginning of year $17,036,475 · end of year $20,705,185

Mission and programs · 2023

Mission

TO PROVIDE INVESTMENT INTO NEW MARKET TAX CREDITS TO BENEFIT THE COMMUNITY FOOD BANK OF EASTERN OKLAHOMA.

  • THE CFBEO REAL ESTATE'S SOLE ACTIVITY WILL BE THE OWNERSHIP, MANAGEMENT, AND LEASE OF THE FACILITY TO COMMUNITY FOOD BANK OF EASTERN OKLAHOMA (CFBEO) IN SUCH A MANNER THAT WILL FURTHER THE CHARITABLE MISSION OF CFBEO AND THE CORPORATION.

    Expenses $363,844 · Revenue $166,500

As filed on the 2023 return.

Listed in Part VII

  • Jeffrey Marlow

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $129,240
    From this org
    $0
    From related orgs
    $120,101
    Other
    $9,139
    Hours/week
    1 + 40 related

  • Calvin Moore

    FORMER CHIEF EXECUTIVE OFFICER

    Total calculated
    $251,870
    From this org
    $0
    From related orgs
    $239,152
    Other
    $12,718
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,152 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,455 related
    Nontaxable benefits
    $0 + $7,263 related
    Filer's total
    $0 + $251,870 related

  • Karla Davis

    CHIEF FINANCE OFFICER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Anntonette Nelson

    FORMER CHIEF FINANCE OFFICER

    Total calculated
    $103,653
    From this org
    $0
    From related orgs
    $96,999
    Other
    $6,654
    Hours/week
    1 + 40 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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511349349302726

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