Community Enhancement Corporation
- Assets
- $19.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 04/1995
- Data as of
- 12/2019
- EIN
- 73-1221559
Organization Overview
Community Enhancement Corporation is located in Oklahoma City, OK. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing 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. Community Enhancement 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 12/2019, Community Enhancement Corporation generated $1.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $2.3m during the year ending 12/2019. While expenses have increased by 9.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND THE CHARITABLE HOUSING PROGRAMS OFFERED TO LOWER-INCOME CITIZENS OF OKLAHOMA CITY, OK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ENHANCEMENT CORPORATION (CEC) RECEIVES FUNDS FOR THE ACQUISITION, CONSTRUCTION, AND REHABILITATION OF LOW-INCOME HOUSING. IN ADDITION, CEC RECEIVES SECTION 8 HOUSING ASSISTANCE PAYMENTS ON UNITS CONSTRUCTED WITH THESE FUNDS TO PROVIDE LOW-INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Steward Chair | OfficerTrustee | 0.5 | $0 |
Alvah Boyd - Vice Chair Jan Jun)/director (july-Dec) | OfficerTrustee | 0.5 | $0 |
Lille Swope Director | OfficerTrustee | 0.5 | $0 |
Mark Gillett President/ceo | Officer | 10 | $0 |
Thomas Henderson Assistant Secretary | Officer | 10 | $0 |
Raul Font - Director Jan Jun)/vice Chair (july-Dec) | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jhp Architectural Services | 12/30/19 | $168,738 |
Scott Rice General Contractor | 12/30/19 | $129,510 |
Center For Econ & Development Law Attorney | 12/30/19 | $116,390 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $190,011 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $96,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,011 |
| Total Program Service Revenue | $1,399,876 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,589,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $118,714 |
| Pension plan accruals and contributions | $2,719 |
| Other employee benefits | $12,305 |
| Payroll taxes | $8,712 |
| Fees for services: Management | $71,629 |
| Fees for services: Legal | $56,479 |
| Fees for services: Accounting | $14,519 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8 |
| Office expenses | $26,861 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $285,443 |
| Travel | $3,147 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9 |
| Interest | $117,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $471,219 |
| Insurance | $103,316 |
| All other expenses | $12,201 |
| Total functional expenses | $2,266,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,855,318 |
| Savings and temporary cash investments | $138,989 |
| Pledges and grants receivable | $3,152 |
| Accounts receivable, net | $786,213 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,400,000 |
| Inventories for sale or use | $9,491 |
| Prepaid expenses and deferred charges | $53,491 |
| Net Land, buildings, and equipment | $9,635,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,410,542 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,292,408 |
| Accounts payable and accrued expenses | $578,826 |
| Grants payable | $0 |
| Deferred revenue | $2,047,963 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $30,985 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,732,685 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,390,459 |
| Net assets without donor restrictions | $12,901,949 |
| 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 | $19,292,408 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Multifamly Housing Corporation Temple, TX | $162,876,921 | $14,871,130 |
Neighbor To Neighbor Inc Fort Collins, CO | $13,618,294 | $17,160,662 |
Christian Community Action Lewisville, TX | $16,536,025 | $11,902,772 |
Central Oklahoma Habitat For Humanity Inc Oklahoma City, OK | $15,945,462 | $9,628,435 |
Tri-County Housing Inc Fowler, CO | $14,600,374 | $8,095,427 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Rebuilding Together Houston Houston, TX | $2,380,403 | $3,485,226 |
Habitat For Humanity International Inc Longmont, CO | $9,039,469 | $8,643,955 |
Habitat For Humanity International Inc Joplin, MO | $7,929,648 | $3,491,454 |
San Antonio Housing Trust Foundation Inc San Antonio, TX | $7,282,965 | $2,625,653 |
Community Enhancement Corporation Oklahoma City, OK | $19,292,408 | $1,589,887 |
Tri-State Family Ymca Neosho, MO | $4,720,374 | $2,158,931 |