Nonprofit · EIN 81-1435304
PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC
Tax-exempt · OKLAHOMA CITY, OK 73102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $156,809 | $253,763 | -$96,954 | $899,682 | $513,406 | $386,276 |
| December 31, 2023 | 990 | $170,539 | $423,278 | -$252,739 | $1,290,619 | $807,389 | $483,230 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $83,779
- Program service revenue
- $75,442
- Investment income
- -$2,429
- Net gain from sales of assets
- -$10,666
- Other revenue
- $17
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $34,630
- Depreciation
- $42,258
- Program services (functional)
- $248,512
- Management and general (functional)
- $5,251
Balance sheet and other
- Total assets, start of year
- $1,290,619
- Total assets, end of year
- $899,682
- Total liabilities, end of year
- $513,406
- Net assets, end of year
- $386,276
- Land, buildings and equipment
- $112,687
- Net assets without donor restrictions
- $187,823
- Net assets with donor restrictions
- $198,453
- Gross receipts
- $562,045
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2015
- 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 |
|---|---|---|---|
| ASHLEY DICKSON-OSO | CHAIRMAN Trustee or director | 1 | $0 |
| RAY DOUGLAS | TRUSTEE Trustee or director | 1 | $0 |
| KELLY GRAY | TRUSTEE Trustee or director | 1 | $0 |
| JOSEPH H ALLEN | TREASURERSECRETARY Trustee or director | 1 | $0 |
| TERESA GOGGINS | VICE CHAIRMAN Trustee or director | 1 | $0 |
| LOUIS ALMARAZ | TRUSTEE Trustee or director | 1 | $0 |
| VILONA MICHAEL | TRUSTEE Trustee or director | 1 | $0 |
| KENTON TSOODLE | PRESIDENT Officer | 5 | $0 |
| KIMBERLY FRANCISCO | EXECUTIVE DIRECTOR Officer | 40 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHLEY DICKSON-OSO | CHAIRMAN Trustee or director | 1 | $0 |
| RAY DOUGLAS | TRUSTEE Trustee or director | 1 | $0 |
| KELLY GRAY | TRUSTEE Trustee or director | 1 | $0 |
| JOSEPH H ALLEN | TREASURERSECRETARY Trustee or director | 1 | $0 |
| TERESA GOGGINS | VICE CHAIRMAN Trustee or director | 1 | $0 |
| LOUIS ALMARAZ | TRUSTEE Trustee or director | 1 | $0 |
| KENTON TSOODLE | PRESIDENT Officer | 5 | $0 |
| KIMBERLY FRANCISCO | EXECUTIVE DIRECTOR Officer | 40 | $0 |
| VILONA MICHAEL | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 105 N HUDSON AVE STE 101, OKLAHOMA CITY, OK 73102-4801
- In care of
- % KIMBERLY S FRANCISCO
- Principal officer (990 for 2024)
- KIMBERLY S FRANCISCO, 105 N HUDSON AVE Ste 101, OKLAHOMA CITY, OK 73102
- Signed the 990
- KIMBERLY S FRANCISCO, EXECUTIVE DIRECTOR
- Phone
- (405) 604-6780
- Website
- WWW.PROGRESSOKC.ORG
Mission
Strengthen & preserve the social & economic fabric of OKCs underserved communities by engaging in programs and partnerships focused on housing stability, economic mobility, quality of place, and education.
Program accomplishments
- Entrepreneurship & Small Business - accelerates inclusive growth and strengthens small business by providing technical assistance and coaching for underserved businesses. Components include networking, industry advice and business planning from vetted experts, technological tools, and culturally competent business skills training and facilitation. To date, the program has had over 258 contacts with small and minority-owned businesses and 104 businesses completing the Accelerator Program. Progress OKC is working to secure funding to expand program offerings so that many more businesses can be reached and helped in 2025 and beyond.Expenses $90,552 · revenue $1,355
- Minority Enterprise Development Program - holds an annual National Minority Development Week event in Oklahoma City to highlight minority owned businesses across industries and cultures; celebrate achievements and contributions of these businesses and entrepreneurs; and strengthen the minority business ecosystem through best practice education, consumer relations, technology innovation, and capital investment. Event hosts and partners are diverse stakeholders with Progress OKC serving as lead convener. In 2024 the week included 17 events with 35 partners and had over 600 participants.Expenses $24,611
- Housing - Progress OKC builds homes for low-to-moderate (LTM) income buyers. Projects are currently funded by HUD HOME Funds. In 2022 Progress OKC secured funding to build four new homes. All four homes were completed in 2023 and two were sold in early 2024. Since the inception of this program, 13 homes have been completed Eleven of those homes were/will be sold to LTM income buyers and two were market rate homes.Expenses $53,011 · revenue $39,457
- Community Service FacilityExpenses $76,888 · revenue $34,630
- KIVA Microloan ProgramExpenses $3,450
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
- 81-1435304
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $899,682
- Income (IRS master file)
- $562,045
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $156,809 | $253,763 | $899,682 | IRS |
| 990 | December 2023 | $170,539 | $423,278 | $1,290,619 | XML |
| 990 | December 2022 | $87,818 | $479,416 | $966,030 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 81-1435304).
Questions about PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC
- What is the EIN of PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC is 81-1435304.
- Is PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC 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 PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC 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 PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC 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 PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 names KIMBERLY S FRANCISCO.
- Who are the officers and directors of PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does PROGRESS OKC A COMMUNITY DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $156,809, expenses of $253,763 and total assets of $899,682 at year end.
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