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EIN 20-2554357

Southeast Oklahoma Community Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Hugo
State
Oklahoma
Year formed
2004
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Southeast Oklahoma Community Development Corporation improves economic and financial stability by providing financing and development assistance for low-income individuals and families. In 2022, SOCDC closed 5 small business loans that increased economic growth for the service area and families served. Additionally, they provided financial literacy services to 20 new clients and ongoing follow-up loan and education services to 10 others.
Related structure
Southeast Oklahoma Community Development Corporation is a subordinate organization under LIFT Community Action Agency.
Total revenues
$93,971
2023
Total expenses
$83,368
2023
Total assets
$721,336
2023
Num. employees
0
2023

Program areas at Southeast Oklahoma Community Development Corporation

In 2023 SOCDC successfully closed 7 small business loans. On going follow up loan and education services were provided to 16 clients. Financial literacy services were provided to 10 clients. At the end of 2023 SOCDC had a loan portifolio of 17 active loans.

Personnel at Southeast Oklahoma Community Development Corporation

NameTitleCompensation
Rebecca ReynoldsExecutive Director
Brent FranksVice Chairman$0
Wade ScottChairman$0
Will SmithSecretary and Treasurer$0

Financials for Southeast Oklahoma Community Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$48,147
Program services$5,707
Investment income and dividends$40,117
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$93,971

Form 990s for Southeast Oklahoma Community Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-16990View PDF
2022-122023-10-16990View PDF

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Redec Relending CorporationPainted Post, NY$400,791
Hoc LendingNew Haven, CT$144,586
Economic Opportunities FundPhiladelphia, PA$308,534
Up Community Impact Fund CorporationHouston, TX$125,179
Detroit Midtown Micro-Enterprise Fund CorporationDetroit, MI$98,334
Isles Community Enterprises CorporationTrenton, NJ$59,842
Community Development Fund of UtahSalt Lake City, UT$81,669
Community Investment Corporation of DecaturDecatur, IL$259,164
Northeastern Colorado Revolving Loan FundYuma, CO$269,216
Chehalis Tribal Loan FundOakville, WA$307,275
Data update history
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 28, 2023
Updated personnel
Identified 6 new personnel
November 26, 2023
Used new vendors
Identified 1 new vendor, including
March 1, 2022
Posted financials
Added Form 990N for fiscal year 2021
June 2, 2021
Posted financials
Added Form 990N for fiscal year 2020
Nonprofit Types
Business and community development organizationsChapter / child organizationsCharities
Issues
Human servicesCommunity improvementHousingEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
209 N 4th
Hugo, OK 74743
County
Choctaw County, OK
Phone
(580) 326-3351
IRS details
EIN
20-2554357
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2004
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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