2025-10-06T18:21:58-05:00 2024-12-31 731413977 HOGANTAYLOR LLP 1225 N BROADWAY AVENUE SUITE 200 OKLAHOMA CITY OK 73103 990 2024-01-01 731129417 RURAL ENTERPRISES OF OKLAHOMA INC RURA 5809245094 2912 ENTERPRISE DRIVE DURANT OK 74701 SCOTT DEWALD CEO/PRESIDENT 5809245094 2025-10-02 1 1 ASHLEY M FOGLE P01258800 4058482020 2025-10-02 2024 2025-03-06 01:10:19Z X SCOTT DEWALD 2912 ENTERPRISE DRIVE DURANT OK 74701 6951366 0 X WWW.REIOK.ORG X 1982 OK RURAL ENTERPRISES OF OKLAHOMA, INC 'S (REI OK) MISSION IS TO EXPAND PROSPERITY IN OKLAHOMA.REI OKLAHOMA EXPANDS ECONOMIC OPPORTUNITIES FOR OKLAHOMANS BY PROVIDING FLEXIBLE FINANCING AND DEVELOPMENT SERVICES TO INDIVIDUALS, BUSINESSES, AND ENTREPRENEURS WITH LIMITED ACCESS TO RESOURCES. REI BUSINESS LENDING PROVIDES CAPITAL TO BUSINESSES AND COLLABORATES CLOSELY WITH LOCAL LENDERS TO HELP ENTREPRENEURS NAVIGATE THROUGH LENDING RESOURCES. REI WOMAN'S BUSINESS CENTER AND REI MINORITY BUSINESS CENTER OFFER UNIQUE TRAININGS, AS WELL AS TECHNICAL ASSISTANCE AND BUSINESS ASSISTANCE SERVICES TO CLIENTS THROUGHOUT THE STATE. THIS INCLUDES TRAINING, FINANCIAL, AND TECHNICAL ASSISTANCE SERVICES FOR THE CREATION OF NEW BUSINESSES AND THE EXPANSION OF EXISTING BUSINESSES. REI OKLAHOMA PROVIDES DEVELOPMENT CAPITAL IN THE FORM OF LOANS WHICH MAY BE USED AS A BASIS TO LEVERAGE PUBLIC AND PRIVATE RESOURCES NECESSARY TO ESTABLISH OR EXPAND BUSINESS IN OKLAHOMA. 10 10 42 10 0 0 3258471 3754569 2728867 2444992 547180 579345 0 0 6534518 6778906 746660 861772 0 0 3931388 3306644 0 0 0 1445681 1423210 6123729 5591626 410789 1187280 36084309 38133420 2226422 2359494 33857887 35773926 REI OKLAHOMA EXPANDS ECONOMIC OPPORTUNITIES FOR OKLAHOMANS BY PROVIDING FLEXIBLE FINANCING AND DEVELOPMENT SERVICES TO INDIVIDUALS, BUSINESSES, AND ENTREPRENEURS WITH LIMITED ACCESS TO RESOURCES. 0 0 2298126 261975 1053600 ASSISTANCE TO ENTREPRENEURS INCLUDING TRAINING, BUSINESS RENTAL SPACE, AND DEVELOPMENT CAPITAL IN THE FORM OF LOANS WHICH ARE USED AS A BASIS TO LEVERAGE PUBLIC AND PRIVATE RESOURCES NECESSARY TO ESTABLISH OR EXPAND BUSINESSES IN OKLAHOMA. 1399528 599797 1391392 RURAL ENTERPRISES OF OKLAHOMA, INC. OFFERS MULTIPLE HOUSING OPPORTUNITIES FOR ELIGIBLE BORROWERS THROUGHOUT THE STATE OF OKLAHOMA. THE PROGRAMS INCLUDES AN OFFERING OF DOWN PAYMENT ASSISTANCE. REI ALSO PROVIDES FINANCING IN THE FORM OF LOANS FOR HOUSING PROJECTS SERVING VERY LOW AND LOW INCOME TENANTS. 3697654 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 30 0 1 42 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X LORI HILL 5809245094 2912 ENTERPRISE DRIVE DURANT OK 74701 JEFF GREENLEE CHAIRMAN 1.00 1.00 X 0 0 0 BRIAN ALFORD VICE CHAIRMAN 1.00 1.00 X 0 0 0 CLAYTON LODES SECRETARY/TREASURER 1.00 X 0 0 0 KYLE HUGHBANKS DIRECTOR 1.00 1.00 X 0 0 0 GARY SHERRER DIRECTOR 1.00 1.00 X 0 0 0 MARTIN VANMETER DIRECTOR 1.00 1.00 X 0 0 0 DR FERN GREEN-BOWLING DIRECTOR 1.00 X 0 0 0 CLAYTON TAYLOR DIRECTOR 1.00 1.00 X 0 0 0 CHRIS MEYERS DIRECTOR 1.00 1.00 X 0 0 0 JOHN HARPER DIRECTOR 1.00 X 0 0 0 SCOTT DEWALD PRESIDENT/CEO 17.00 19.00 X 487375 0 42667 SHERRY HARLIN COO 36.00 X 330554 0 28568 DEBBIE PARTIN SVP-LENDING 12.00 24.00 X 260220 0 26713 LORI HILL CFO 13.00 23.00 X 250232 0 23041 DENA SHERRILL VP-HOUSING 36.00 X 189188 0 20936 JAMES HARRINGTON VP-BUSINESS RESOURCES 36.00 X 144072 0 24726 SUSAN BATES SR. LOAN OFFICER 36.00 X 143427 0 16736 MELANIE ANTHONY SR DIRECTOR OF MARKETING 36.00 X 129558 0 16974 JEREMY LAYMAN HOUSING MANAGER 36.00 X 109171 0 18181 AUTUMN THURMAN CONTROLLER 36.00 X 106540 0 5543 HEIDI MCKNIGHT HR BENEFITS ADMINISTRATOR 36.00 X 106023 0 8891 2256360 0 232976 11 0 1 0 0 3724296 30273 3754569 HOUSING DOWNPAYMENT PR 525990 696745 696745 LOAN FEE INCOME 525990 643327 643327 PROGRAM INVESTMENT INC 525990 582507 582507 PROGRAM RENTAL INCOME 531390 410273 410273 112140 112140 2444992 286322 286322 465483 172460 293023 293023 293023 6778906 2444992 0 579345 261975 261975 599797 599797 1828292 1296202 532090 619347 439098 180249 13954 9893 4061 709109 502736 206373 135942 96379 39563 13678 13586 92 34821 34821 55427 30923 24504 28194 27528 666 58864 58864 100994 37552 63442 68234 58888 9346 76220 76220 506 506 254124 254124 75324 50498 24826 OVERHEAD 152926 152926 MEMBERSHIP & DUES 83347 83347 OUTREACH 68666 53662 15004 351885 351885 5591626 3697654 1893972 0 179531 191905 11769470 11390193 189386 218723 904109 1148608 95197 78800 14060958 7483651 6948606 6577307 7334013 8143385 8663997 10335199 0 49300 36084309 38133420 1898326 2087971 22270 28920 305826 242603 2226422 2359494 X 33857887 35773926 33857887 35773926 36084309 38133420 X 1187280 525428 203331 X 0 1 X 1 1 1 X 2921208 2313005 2616091 3258471 3754569 14863344 2921208 2313005 2616091 3258471 3754569 14863344 14863344 37177 24073 30021 143751 286322 521344 15384688 32788237 0.96610 0.97990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 565718 565718 12018129 6258694 5759435 3628 3402 226 1473483 1221555 251928 6577307 OTHER PROGRAM ASSETS 235432 C INTEREST RECEIVABLE 101566 C HOUSING - ACCOUNTS RECEIVABLE 108257 C PROGRAM RELATED NOTES RECEIVABLE 9166094 C REI VENTURE FUND 723850 C 10335199 1 REI CAPITAL ACCESS FUND INC 2912 ENTERPRISE DRIVE DURANT OK 74701 874562958 501(C)(3) 20000 241975 FMV TRANSFERRED LOANS TO CAPITALIZE LOAN POOL FOR LENDING 1 HOME 100 DOWN PAYMENT PROGRAM 30 599797 PART I, LINE 2: SUB-GRANT RECIPIENTS OF REI ARE MONITORED IN ACCORDANCE WITH 2 CFR 200.330-332 AND TERMS OF SUB-GRANT AGREEMENT. THE SUB GRANT IS REVIEWED BY MANAGEMENT AND DIRECT OVERSIGHT OF THE SUB GRANT IS THE RESPONSIBILITY OF THE PROJECT DIRECTOR AND REI'S CERTIFIED GRANTS MANAGEMENT SPECIALIST. PERIODICALLY, EXTERNAL GRANT AGENCY AUDITS ARE REQUIRED. THE HOUSING PROGRAM IS MONITORED BY THE BUSINESS DEVELOPMENT TASK FORCE WHICH MEETS PRIOR TO EACH BOARD MEETING. THEY REVIEW THE PROGRAM, IMPACTS, AND NET INCOME AND LOSS. THEY ALSO MONITOR THE PROGRAM'S EFFICIENCY AND NECESSITY. X X X X X 0 0 0 0 0 1 1 0 0 SCOTT DEWALD PRESIDENT/CEO 333697 0 141640 0 12038 0 27487 0 15180 0 530042 0 0 0 SHERRY HARLIN COO 226722 0 101561 0 2271 0 18518 0 10050 0 359122 0 0 0 DEBBIE PARTIN SVP-LENDING 196012 0 63369 0 839 0 16106 0 10607 0 286933 0 0 0 LORI HILL CFO 187234 0 60254 0 2744 0 15315 0 7726 0 273273 0 0 0 DENA SHERRILL VP-HOUSING 141794 0 46493 0 901 0 11662 0 9274 0 210124 0 0 0 JAMES HARRINGTON VP-BUSINESS RESOURCES 112146 0 31186 0 740 0 9795 0 14931 0 168798 0 0 0 SUSAN BATES SR. LOAN OFFICER 114077 0 29229 0 121 0 9298 0 7438 0 160163 0 0 0 PART I, LINE 3 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. PART I, LINE 6 THE ORGANIZATION PAYS OUT INCENTIVE COMPENSATION BASED ON TWO GOALS, WHICH INCLUDE THE NET EARNINGS OF RURAL ENTERPRISES OF OK AND REI DEVELOPMENT CORPORATION (A RELATED ORGANIZATION), AND JOBS CREATED TO FULFILL MISSION PURPOSE. FORM 990, PART VI, SECTION A, LINE 7A A NOMINATING COMMITTEE OF NO LESS THAN 3 MEMBERS SHALL BE APPOINTED BY THE CHAIR. WITH THE CONSENT OF THE BOARD OF DIRECTORS, THE COMMITTEE WILL BE RESPONSIBLE FOR NOMINATING AT LEAST ONE CANDIDATE FOR EACH DIRECTOR'S POSITION WHICH IS TO BE FILLED. THE CANDIDATE IS THEN ELECTED BY FULL BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS SUBMITTED TO THE ADMINISTRATIVE TASK FORCE, COMPOSED OF FIVE BOARD MEMBERS, INCLUDING A CPA. THE ADMINISTRATIVE TASK FORCE 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 BENEFITS ADMINISTRATOR 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. 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: RECOVERY OF LOAN LOSS 203,331. REI DEVELOPMENT CORPORATION PO BOX 1335 DURANT OK 74702 300071074 ECONOMIC DEVELOPMENT OK 501(C)(3) LINE 12A, I REI OKLAHOMA 1 REI CAPITAL ACCESS FUND INC 2912 ENTERPRISE DRIVE DURANT OK 74701 874562958 ECONOMIC DEVELOPMENT OK 501(C)(3) LINE 12A, I REI OKLAHOMA 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 REI CAPITAL ACCESS FUND INC B 241975 VALUE OF LOAN REI CAPITAL ACCESS FUND INC B 20000 CASH REI DEVELOPMENT CORPORATION O 1215732 ACTUAL PAYMENTS REI DEVELOPMENT CORPORATION Q 1953439 ACTUAL PAYMENTS