Choctaw Hope Development Corporation
- Assets
- $1.4m
- Revenue
- $77.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Hugo, OK
- Founding
- 08/1992
- Data as of
- 09/2023
- EIN
- 73-1401496
Organization Overview
Choctaw Hope Development Corporation is located in Hugo, OK. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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 Hope Development 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 09/2023, Choctaw Hope Development Corporation generated $77.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $129.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, ADMINISTER, CONDUCT, AND COORDINATE PROGRAMS TO FACILITATE INDIVIDUAL HOME OWNERSHIP FOR MEMBERS OF THE CHOCTAW NATION OF OKLAHOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, ADMINISTER, CONDUCT, COORDINATE, AND SUPPORT THE PROGRAMS AND ACTIVITIES TO FURTHER THE ECONOMIC DEVELOPMENT OF THE CHOCTAW INDIAN COMMUNITIES AND THE ECONOMIC SELF-SUFFICIENCY OF INDIVIDUAL MEMBERS OF THE CHOCTAW NATION; FACILITATE INDIVIDUAL HOMEOWNERSHIP BY MEMBERS OF THE CHOCTAW NATION; AND FURTHER THE ECONOMIC AND SOCIAL DEVELOPMENT OF INDIVIDUAL MEMBERS OF THE CHOCTAW NATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby L Yandell Jr President | OfficerTrustee | 1 | $0 |
Kari Smith Vice President | OfficerTrustee | 1 | $0 |
Rachelle Wood Secretary | OfficerTrustee | 1 | $0 |
Stacy Shepherd Trustee | Trustee | 1 | $0 |
K Duane Winship Trustee | Trustee | 1 | $0 |
Heather Prince Asst. Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,548 |
| Noncash contributions included in lines 1a–1f | $22,548 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,548 |
| Total Program Service Revenue | $52,790 |
| Investment income | $1,613 |
| 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 | $76,951 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,388 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| 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 | $61,267 |
| Insurance | $17,087 |
| All other expenses | $0 |
| Total functional expenses | $129,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,892 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,178 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,795 |
| Net Land, buildings, and equipment | $840,784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,402,649 |
| Accounts payable and accrued expenses | $1,293 |
| Grants payable | $0 |
| Deferred revenue | $2,473 |
| 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 | $1,900 |
| Total liabilities | $5,666 |
| Net assets without donor restrictions | $1,396,983 |
| 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 | $1,402,649 |