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Development Enterprises Of Central Oklahoma Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 731535119 ✦ Shawnee, OK ✦ Designated as a 501(c)(3)

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Overview

What is Development Enterprises Of Central Oklahoma Inc?

Development Enterprises of Central Oklahoma Inc. is a nonprofit organization located in Shawnee, Oklahoma. Their primary mission is to provide safe, decent, and affordable housing for individuals and families falling under the categories of very low and some moderate income, including the elderly, disabled, and handicapped persons. Additionally, they engage in community redevelopment initiatives to prevent and curb the spread of slum conditions. With a small team of just two employees, this nonprofit is dedicated to improving living conditions and fostering a better community.

Is Development Enterprises Of Central Oklahoma Inc legitimate?

Development Enterprises Of Central Oklahoma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Development Enterprises Of Central Oklahoma Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,440

For more financial information, click here

What is the mission statement of Development Enterprises Of Central Oklahoma Inc?

Development Enterprises of Central Oklahoma Inc. is committed to providing safe, decent, sanitary, and affordable housing for residents with very low and some moderate income levels. This includes families, the elderly, disabled, and handicapped individuals. Additionally, the organization engages in community redevelopment efforts to prevent the spread of slum conditions. By doing so, they aim to improve living standards and promote a more livable community.

Who is the CEO of Development Enterprises Of Central Oklahoma Inc?

Randy G Thomason is the Vice-Pres of Development Enterprises Of Central Oklahoma Inc.

What is the revenue of Development Enterprises Of Central Oklahoma Inc?

Development Enterprises Of Central Oklahoma Inc's revenue in 2022 was $169,918.

Who are the executives of Development Enterprises Of Central Oklahoma Inc and what are their salaries?

The average compensation at Development Enterprises Of Central Oklahoma Inc during 2022 was $35,720. There are 2 employees at Development Enterprises Of Central Oklahoma Inc.


Here are 3 key members and their salaries:


James T Stuart (Vice-Pres)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy G Thomason (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Chris Waddell (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Development Enterprises Of Central Oklahoma Inc?

Development Enterprises Of Central Oklahoma Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Development Enterprises Of Central Oklahoma Inc

Development Enterprises of Central Oklahoma, Inc. is dedicated to providing a solution to the housing needs of residents with low to moderate incomes. Their mission is multifaceted, encompassing the provision of safe, decent, and sanitary housing that is also affordable. This mission extends to various demographics, including families, the elderly, disabled, and handicapped individuals.

Beyond just housing, Development Enterprises of Central Oklahoma, Inc. also invests in community redevelopment initiatives. Their goal is to prevent the spread of slum conditions, contributing to a healthier and more livable environment for all residents. By providing affordable housing and promoting community development, this nonprofit organization aims to improve the overall quality of life for those in need.

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Impact




October, 2024

Development Enterprises of Central Oklahoma Inc. plays a crucial role in enhancing the quality of life for very low and some moderate-income residents in Shawnee, Oklahoma. By providing safe, decent, sanitary, and affordable housing, the organization addresses critical needs for families, the elderly, disabled, and handicapped individuals.

Their commitment to community redevelopment not only helps to improve living conditions but also actively works to prevent the spread of slum conditions, fostering healthier and more vibrant neighborhoods. This initiative not only provides shelter but also stability and a sense of community for residents, empowering them to thrive. The efforts of Development Enterprises contribute significantly to social and economic well-being, making a lasting impact in the region.




This information is meant to be a general summary of Development Enterprises Of Central Oklahoma Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$169,918 (2022)
Expenses
$143,233 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $44,078
  • Program Service Revenue: $125,959
  • Gross Receipts: $169,918

Assets and Liabilities:

  • Total Assets: $3,149,184
  • Total Liabilities: $1,297,628
  • Net Assets: $1,851,556

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MARKETING & LEASE FEES

Revenue

$31,288

LEGACY PARK MAINTENANCE WAGES

Revenue

$26,288

LEGACY PARK MANAGEMENT FEE

Revenue

$18,784

DEVELOPER FEES - SRCE

Revenue

$17,894

INCENTIVE MGMT FEE - SRCE

Revenue

$12,805

Organization Details

Founding Year

1995

Principal Officer

Randy G Thomason

Main Address

601 WEST 7TH ST, SHAWNEE, OK, 74801

NTEE Category

Code: L21Z - Housing

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