Nonprofit · EIN 30-0071074
REI DEVELOPMENT CORP
Tax-exempt · DURANT, OK 74701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,223,676 | $2,227,160 | $996,516 | $7,095,537 | $1,223,731 | $5,871,806 |
| December 31, 2023 | 990 | $2,804,959 | $1,912,849 | $892,110 | $5,808,833 | $1,467,442 | $4,341,391 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,152,784
- Investment income
- $69,635
- Net gain from sales of assets
- $57,804
- Other revenue
- $1,257
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $862,221
- Salaries, compensation and benefits (total)
- $1,215,732
- Professional fundraising fees
- $0
- Legal fees
- $32,254
- Accounting fees
- $237,015
- Travel
- $466,235
- Depreciation
- $18,657
- Program services (functional)
- $2,052,009
- Management and general (functional)
- $175,151
Balance sheet and other
- Total assets, start of year
- $5,808,833
- Total assets, end of year
- $7,095,537
- Total liabilities, end of year
- $1,223,731
- Net assets, end of year
- $5,871,806
- Land, buildings and equipment
- $55,775
- Net assets without donor restrictions
- $5,871,806
- Gross receipts
- $3,223,676
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2002
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT DEWALD | PRESIDENT/CEO Trustee or director, Officer | 19 | $0 | $487,375 | $42,667 |
| DEBBIE PARTIN | EXECUTIVE VICE PRESIDENT Officer | 24 | $0 | $260,220 | $26,713 |
| LORI HILL | TRASURER/SECRETARY Officer | 23 | $0 | $250,232 | $23,040 |
| CLAYTON TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFF GREENLEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KYLE HUGHBANKS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARTIN VANMETER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT DEWALD | PRESIDENT/CEO Trustee or director, Officer | 19 | $0 | $444,146 | $49,155 |
| DEBBIE PARTIN | EXECUTIVE VICE PRESIDENT Officer | 24 | $0 | $247,991 | $27,637 |
| LORI HILL | TRASURER/SECRETARY Officer | 19 | $0 | $243,573 | $15,926 |
| GARY SHERRER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFF GREENLEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KYLE HUGHBANKS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARTIN VANMETER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2912 ENTERPRISE DRIVE, DURANT, OK 74701-1954
- In care of
- % LORI HILL
- Principal officer (990 for 2024)
- SCOTT DEWALD, 2912 ENTERPRISE DRIVE, DURANT, OK 74701
- Signed the 990
- SCOTT DEWALD, PRESIDENT
- Phone
- (580) 924-5094
- Website
- WWW.REIBUSINESSLENDING.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
REI DEVELOPMENT CORP EXPANDS OPPORTUNITIES FOR OKLAHOMANS BY PROVIDING ECONOMIC DEVELOPMENT ACTIVITIES IN DISTRESSED AREAS OF OKLAHOMA UTILIZING FEDERAL TAX CREDIT PROGRAMS TO ENCOURAGE BUSINESSES TO LOCATE IN THESE AREAS. CONTINUED ON SCHEDULE O
Program accomplishments
- SINCE 2003, REI HAS CONDUCTED ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OF OKLAHOMA BY PROVIDING INVESTMENT CAPITAL THROUGH THE NEW MARKET TAX CREDIT PROGRAMS USED TO REVITALIZE LOW INCOME COMMUNITIES IN OKLAHOMA AND ENCOURAGE BUSINESSES TO LOCATE IN THESE ECONOMICALLY DEPRESSED COMMUNITIES.Expenses $2,052,009 · revenue $3,154,041
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-0071074
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $7,095,537
- Income (IRS master file)
- $3,223,676
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,223,676 | $2,227,160 | $7,095,537 | XML |
| 990 | December 2023 | $2,804,959 | $1,912,849 | $5,808,833 | XML |
| 990 | December 2022 | $1,946,749 | $1,781,084 | $5,483,409 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0071074).
Questions about REI DEVELOPMENT CORP
- What is the EIN of REI DEVELOPMENT CORP?
- The employer identification number (EIN) of REI DEVELOPMENT CORP is 30-0071074.
- Is REI DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to REI DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does REI DEVELOPMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of REI DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REI DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of REI DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names SCOTT DEWALD.
- Who are the officers and directors of REI DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does REI DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,223,676, expenses of $2,227,160 and total assets of $7,095,537 at year end.
Other nonprofits in DURANT
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- LEGACY TITLE HOLDING CORPORATION EIN 46-5430970 · last filed 990 for 2025
- REI CAPITAL ACCESS FUND INC EIN 87-4562958 · last filed 990 for 2024
- DURANT MAIN STREET EIN 73-1518758 · last filed 990 for 2025
- CRAFT BREWERS ASSOCIATION OF OKLAHOMA INC EIN 47-4952532 · last filed 990-EZ for 2024
- OKLAHOMA MEDICAL EQUIPMENT PROVIDERS ASSOCIATION INC EIN 82-3060887 · last filed 990-EZ for 2025
- WEST DURANT MERCHANTS ASSOCIATION EIN 93-3043986 · last filed 990-EZ for 2025
- DURANT EDUCATION AND SERVICE SORORITY EIN 30-1446954 · last filed 990-N for 2025
All nonprofits in DURANT · Oklahoma · Community improvement and capacity building