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EIN 30-0071074

Rei Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Durant
State
Oklahoma
Year formed
2002
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Rei Development provides investment capital through new market tax credit programs, reviving low-income communities and attracting businesses to economically distressed areas in Oklahoma.
Related structure
Rei Development Corporation is a subordinate organization under Rural Enterprises of Oklahoma.
Total revenues
$2,804,959
2023
Total expenses
$1,912,849
2023
Total assets
$5,808,833
2023
Num. employees
0
2023

Program areas at Rei Development Corporation

Since 2003, Rei has conducted economic Development in economicallydistressed areas of Oklahoma by providing investment capitalthrough the new market tax credit programs used to revitalize lowincome communities in Oklahoma and encourage business to locate inthese economically depressed communities.

Personnel at Rei Development Corporation

NameTitleCompensation
Scott DewaldPresident and Chief Executive Officer$0
Sherry HarlinChief Operating Officer
Lori HillChief Financial Officer$0
James HarringtonVice President of Business Resources
Dena SherrillVice President of Housing
...and 1 more key personnel

Financials for Rei Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$2,720,009
Investment income and dividends$6,675
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$78,273
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2
Total revenues$2,804,959

Form 990s for Rei Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-06990View PDF
2022-122023-08-21990View PDF
2021-122022-10-20990View PDF
2020-122021-09-23990View PDF
2019-122020-08-25990View PDF
...and 10 more Form 990s
Data update history
September 23, 2024
Updated personnel
Identified 2 new personnel
October 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 27, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 1, 2022
Updated personnel
Identified 1 new personnel
April 8, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 1335
Durant, OK 74702
County
Bryan County, OK
Website URL
reibusinesslending.org/ 
Phone
(580) 924-5094
IRS details
EIN
30-0071074
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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