2024-10-16T12:05:53-05:00 2023-12-31 731413977 HOGANTAYLOR LLP 1225 N BROADWAY AVENUE SUITE 200 OKLAHOMA CITY OK 73103 990 2023-01-01 874562958 REI CAPITAL ACCESS FUND INC REIC 5809245094 2912 ENTERPRISE BLVD DURANT OK 74701 SCOTT DEWALD PRESIDENT 5809245094 2024-10-02 1 0 ASHLEY M FOGLE P01258800 4058482020 2024-10-02 2023 2024-10-15 13:58:12Z SCOTT DEWALD 2912 ENTERPRISE BLVD DURANT OK 74701 151393 0 X WWW.REIOK.ORG X 2022 OK 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. 4 3 0 7 0 0 0 0 48618 80365 5784 71028 0 0 54402 151393 0 0 0 0 0 0 0 0 0 19336 39364 19336 39364 35066 112029 4261515 4576570 0 148026 4261515 4428544 X 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. 1 0 0 39280 HOUSING - PROVIDES FINANCING IN THE FORM OF LOANS FOR HOUSING PROJECTS SERVING VERY LOW TO LOW INCOME TENANTS. 13884 11439 BUSINESS LENDING - PROVIDING FLEXIBLE FINANCING AND DEVELOPMENT SERVICES TO BUSINESSES AND ENTREPRENEURS WITH LIMITED ACCESS TO RESOURCES. 25480 29646 HOUSING HOME 100 PROGRAM - PROVIDES DOWN PAYMENT ASSISTANCE. 39364 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X LORI HILL 5809245094 2912 ENTERPRISE BLVD DURANT OK 74701 SCOTT DEWALD PRESIDENT 19.00 17.00 X X 0 367657 49155 CHRIS MEYERS DIRECTOR 1.00 1.00 X 0 0 0 BRIAN ALFORD DIRECTOR 1.00 1.00 X 0 0 0 JEFF GREENLEE DIRECTOR 1.00 1.00 X 0 0 0 SHERRY HARLIN EXEC. VP & ASSISTANT SECRETARY 1.00 36.00 X 0 247131 32128 DEBBIE PARTIN VP & SECRETARY 24.00 12.00 X 0 217316 27637 LORI HILL TREASURER 19.00 17.00 X 0 214406 15926 0 1046510 124846 0 0 1 0 0 INTEREST FROM REAL EST 522292 39280 39280 DOWN PAYMENT ASSISTANC 522292 29646 29646 BUSINESS LENDING 522292 11439 11439 80365 71028 71028 151393 80365 0 71028 MEMBERSHIP & DUES 20980 20980 PROVISION FOR LOAN LOSS 18384 18384 39364 39364 0 0 3643091 3491550 2831 145943 615593 939077 4261515 4576570 0 148026 0 148026 X 4261515 4428544 4261515 4428544 4261515 4576570 X 112029 55000 X 0 1 X 1 0 X X 1 RURAL ENTERPRISES OF OKLAHOMA INC 731129417 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 SCOTT DEWALD PRESIDENT 0 300075 0 67582 0 0 0 24373 0 24782 0 416812 0 0 SHERRY HARLIN EXEC. VP & ASSISTANT SECRETARY 0 213615 0 33516 0 0 0 17366 0 14762 0 279259 0 0 DEBBIE PARTIN VP & SECRETARY 0 186641 0 30675 0 0 0 15284 0 12353 0 244953 0 0 LORI HILL TREASURER 0 185239 0 29167 0 0 0 14533 0 1393 0 230332 0 0 FORM 990, PART III, LINE 2 THE HOUSING HOME 100 PROGRAM BEGAN DURING 2023 AND PROVIDES DOWN PAYMENT ASSISTANCE TO LOW INCOME INDIVIDUALS AND FAMILIES. FORM 990, PART VI, SECTION A, LINE 6 SEE LINE 7B EXPLANATION. FORM 990, PART VI, SECTION A, LINE 7A SEE LINE 7B EXPLANATION. FORM 990, PART VI, SECTION A, LINE 7B RURAL ENTERPRISES OF OKLAHOMA, INC., AN OKLAHOMA NONPROFIT CORPORATION, IS THE SOLE MEMBER OF THE ORGANIZATION. THE FOLLOWING MATTERS MUST RECEIVE APPROVAL BY THE SOLE MEMBER OF THE ORGANIZATION: A) THE AMENDMENT, RESTATEMENT OR REPEAL OF THE CERTIFICATE OF INCORPORATION OR THE BYLAWS; B) THE ELECTION OF THE DIRECTORS OF THE CORPORATION; C) THE ELECTION OF THE PRESIDENT OF THE CORPORATION; D) THE MERGER, CONSOLIDATION OR DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION; E) THE DISSOLUTION, LIQUIDATION OR TERMINATION OF THE BUSINESSOF THE CORPORATION; F) A MATERIAL CHANGE IN THE PURPOSE FOR WHICH THE CORPORATION WAS FORMED; G) THE SELECTION OR REPLACEMENT OF THE INDEPENDENT AUDITORS OF THE CORPORATION; AND H) THE FILING OF A VOLUNTARY PETITION UNDER ANY LAW HAVING FOR ITS PURPOSE THE ADJUDICATION OF THE ORGANIZATION AS BANKRUPT OR INSOLVENT OR THE TAKING ANY ACTION WITH RESPECT TO THE REORGANIZATION OR LIQUIDATION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS SUBMITTED TO ALL MEMBERS OF IT GOVERNING BODY, COMPOSED OF FIVE BOARD MEMBERS, THE BOARD REVIEWS FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH BOARD MEMBER ACKNOWLEDGES THE REI OF OKLAHOMA CONFLICT OF INTEREST BY SIGNING THE STATEMENT AND POLICY. ANY MEMBER HAVING A CONFLICT ON ANY ACTION ITEM PRESENTED FOR BOARD APPROVAL, VOICES THAT AND ABSTAINS FROM VOTING. STAFF ARE TRAINED ANNUALLY ON ALL POLICIES WHICH INCLUDES THE CONFLICT OF INTEREST AND THEY ALSO SIGN THE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT COMPENSATION ANALYSIS FIRM IS ENGAGED TO PROVIDE A REVIEW AND WAGE COMPARISON STUDY. COMPENSATION OF THE CEO IS DETERMINED BY THE BOARD BASED ON THE RECOMMENDATIONS OF THE EXECUTIVE EVALUATION COMMITTEE, WHICH IS COMPRISED OF A SUBSET OF BOARD MEMBERS. THE EVALUATION COMMITTEE REVIEWS THE FULL BENEFIT PACKAGE ANNUALLY AND THE HR COORDINATOR COMPILES INDEPENDENT COMPARATIVE DATA TO BE REVIEWED BY THE EVALUATION COMMITTEE AND BOARD. THE ANALYSIS AND REVIEW INVOLVES A WAGE COMPARISON WITH LIKE POSITIONS IN THE AREA, WITH COMPARABLE ORGANIZATIONS, AND A FULL PERFORMANCE EVALUATION REVIEW INVOLVING A FULL BOARD SURVEY IN ADDITION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS FROM RELATED ORGANIZATION - RURAL ENTERPRISES OF 55,000. OKLAHOMA, INC. (EIN 73-1129417) RURAL ENTERPRISES OF OKLAHOMA INC 2912 ENTERPRISE DRIVE DURANT OK 74701 731129417 ECONOMIC DEVELOPMENT OK 501(C)(3) LINE 7 0 REI DEVELOPMENT CORPORATION PO BOX 1335 DURANT OK 74702 300071074 ECONOMIC DEVELOPMENT OK 501(C)(3) LINE 12A, I REI OKLAHOMA 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 RURAL ENTERPRISES OF OKLAHOMA INC C 55000 CASH