OKLAHOMA CITY HOUSING SERVICES REDEVELOPMENT CORPORATION

EIN: 731367536 501(c)(3) Housing & Shelter

OKLAHOMA CITY, OK

Total Revenue
$1,098,588
Total Expenses
$733,858
Total Assets
$2,055,694
Net Assets
$1,510,784
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
OK
Principal Officer
SHERYL LOVELADY
Phone
4055570700
Tax Period
2023-01-01 to 2023-12-31

OKLAHOMA CITY HOUSING SERVICES REDEVELOPMENT CORPORATION, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $365K, a strong 33% operating margin.

Mission

TO REVITALIZE URBAN OKLAHOMA CITY NEIGHBORHOODS AND CREATE AFFORDABLE HOUSING OPPORTUNITIES BY REHABILITATING HISTORIC HOMES, CONSTRUCTING NEW HOMES, AND INCREASING COMMUNITY INVESTMENT THROUGH HOME OWNERSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $548,649
Program Service Revenue $535,200
Investment Income $2,796
Other Revenue $11,943
TOTAL REVENUE $1,098,588

Expense Breakdown

Grants Paid $0
Salaries & Benefits $98,391
Fundraising Expenses $0
Program Expenses $687,186
Other Expenses $635,467
TOTAL EXPENSES $733,858

Year-over-Year Comparison

2023 2022 Change
Revenue $1,098,588 $884,918 +0.2%
Expenses $733,858 $889,205 -0.2%
Net Income $364,730 $-4,287 -86.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
9

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$79,200
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERYL LOVELADY EXECUTIVE DI 40.00
Officer
$79,200 $0 $79,200
DR RANDAL ICE PRESIDENT 3.00
Officer Director
$0 $0 $0
ROBERT LANE SECRETARY 2.00
Officer Director
$0 $0 $0
DIANA GALATIAN TREASURER 1.00
Officer Director
$0 $0 $0
DEBBIE BLACKBURN DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE BROADBENT DIRECTOR 1.00
Director
$0 $0 $0
CHERYL DENNEY DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW MCLARTY DIRECTOR 1.00
Director
$0 $0 $0
WILLIS WASHINGTON DIRECTOR 1.00
Director
$0 $0 $0
KELSEE WATTS DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,098,588 $733,858 $2,055,694 $364,730
2022 $884,918 $889,205 $1,695,117 $-4,287
2021 $577,052 $520,007 $1,473,795 $57,045
2020 $1,058,618 $1,008,640 $1,545,328 $49,978
2019 $104,561 $158,173 $1,589,546 $-53,612
2018 $869,597 $598,745 $1,608,472 $270,852
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