Choctaw Home Finance Corporation
- Assets
- $41.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Hugo, OK
- Founding
- 08/2007
- Data as of
- 09/2021
- EIN
- 27-0030542
Organization Overview
Choctaw Home Finance Corporation is located in Hugo, OK. The organization was established in 2007. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Choctaw Home Finance Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Choctaw Home Finance Corporation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $2.8m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOME FINANCING TO NATIVE AMERICANS WITH LOW AND MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE HOME FINANCING TO NATIVE AMERICANS WITH LOW AND MODERATE INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vickie Mcclure Vice Chairman | OfficerTrustee | 1 | $0 |
Gail Thompson Chairman | OfficerTrustee | 1 | $0 |
John Jones Trustee | Trustee | 1 | $0 |
Virginia Kay Green Trustee | Trustee | 1 | $0 |
Herbert Jessie Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $638,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,284,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,923,285 |
| Total Program Service Revenue | $1,060,615 |
| Investment income | $13,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$46,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,950,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $379,550 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,155,852 |
| Fees for services: Legal | $3,606 |
| Fees for services: Accounting | $34,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,681 |
| Insurance | $0 |
| All other expenses | $3,763 |
| Total functional expenses | $2,763,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,195,457 |
| Savings and temporary cash investments | $2,871,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,604 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,286,214 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,233 |
| Total assets | $41,603,896 |
| Accounts payable and accrued expenses | $343,232 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $343,232 |
| Net assets without donor restrictions | $41,260,664 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $41,603,896 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choctaw Home Finance Corporation Hugo, OK | $41,603,896 | $2,950,150 |
Mueller Foundation Austin, TX | $53,172,172 | $7,187,805 |
Center Of Hope Inc Wichita, KS | $4,222,835 | $2,083,775 |
Neighborhood Housing Services Of San Antonio Inc San Antonio, TX | $7,102,785 | $963,839 |
Nestquest Houston Inc Houston, TX | $268,703 | $911,720 |
United South Broadway Corporation Albuquerque, NM | $880,290 | $964,154 |
Chwc Inc Kansas City, KS | $3,102,238 | $1,323,048 |
Homesfund Durango, CO | $12,692,092 | $1,385,427 |
Cof Independent Living Inc Ottawa, KS | $1,106,037 | $467,599 |
Harlingen Community Development Corporation Harlingen, TX | $6,702,200 | $615,756 |
Osage Financial Resources Inc An Oklahoma Non Profit Corporation Pawhuska, OK | $4,289,875 | $172,546 |
Gvec Charitable Foundation Gonzales, TX | $170,391 | $368,730 |