DEVELOPMENT ENTERPRISES OF CENTRAL… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

RANDY G THOMASON

Phone

4052756330

Tax Period

2023-01-01 to 2023-12-31

DEVELOPMENT ENTERPRISES OF CENTRAL OKLAHOMA INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $237K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $503K exceeded revenue, resulting in a 112% operating deficit.

Mission

PROVIDES SAFE, DECENT, SANITARY, AFFORDABLE HOUSING TO VERY LOW AND SOME MODERATE INCOME RESIDENTS. PROVIDES COMMUNITY REDEVELOPMENT TO PREVENT THE SPREAD OF SLUM CONDITIONS.

Program Service Accomplishments

Program 1

Expenses: $434,183

TO PROVIDE SAFE, DECENT, SANITARY, AFFORDABLE HOUSING TO VERY LOW AND SOME MODERATE INCOME RESIDENTS INCLUDING FAMILIES, EDLERLY, DISABLED, AND HANDICAPPED PERSONS. TO PROVIDE COMMUNITY REDEVELOPMENT...

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $149,107

Investment Income $69,923

Other Revenue $17,945

TOTAL REVENUE $236,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,012

Fundraising Expenses $0

Program Expenses $434,183

Other Expenses $411,794

TOTAL EXPENSES $502,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,975	$169,918	+0.4%
Expenses	$502,806	$143,233	+2.5%
Net Income	$-265,831	$26,685	-11.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES T STUART	VICE-PRES	N/A	Officer	$0	$0	$0
RANDY G THOMASON	SEC/TREAS	N/A	Officer	$0	$0	$0
DR CHRIS WADDELL	PRESIDENT	N/A	Officer	$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	$236,975	$502,806	$3,282,977	$-265,831
2022	$169,918	$143,233	$3,149,184	$26,685
2021	$126,139	$139,289	$3,119,539	$-13,150
2020	$138,209	$137,147	$3,135,486	$1,062

DEVELOPMENT ENTERPRISES OF CENTRAL OKLAHOMA INC