NonprofitsRei Capital Access Fund Inc

Community Improvement & Capacity Building

Rei Capital Access Fund Inc

DURANT, OK

Total revenue

$293K

Total expenses

$120K

Net assets

$4.9M

Grants received

$4.5M

3 grants

EIN

874562958

Tax year

2024

Mission

The mission of the corporation is to promote community development through activities directed toward improving the social and/or economic conditions of underserved people including low-income persons and persons who lack adequate access to capital and financial services and residents of economically distressed communities.

Programs

2 programs

Business lending - providing flexible financing and development services to businesses and entrepreneurs with limited access to resources.

Expenses: $2K

Housing home 100 program - provides down payment assistance.

Expenses: $118K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$182K
Investment income$111K
Other revenue
Total revenue$293K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$120K
Total expenses$120K
Total assets$4.9M
Net assets$4.9M

People

8 listed

NameRoleCompensation

SCOTT DEWALD

PRESIDENT

Board

19 hrs/wk

CHRIS MEYERS

DIRECTOR

Board

1 hrs/wk

BRIAN ALFORD

DIRECTOR

Board

1 hrs/wk

JEFF GREENLEE

DIRECTOR

Board

1 hrs/wk

MARTIN VANMETER

DIRECTOR

Board

1 hrs/wk

SHERRY HARLIN

EXEC. VP & ASSISTANT SECRETARY

Board

1 hrs/wk

DEBBIE PARTIN

VP & SECRETARY

Board

24 hrs/wk

LORI HILL

TREASURER

Board

23 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$262K
TO CAPITALIZE LOAN POOL FOR LENDING
2024
$55K
TO CAPITALIZE LOAN POOL FOR LENDING
2023
$4.2M
TO ESTABLISH NEW ENTITY FOR THE PURPOSE TO PROMOTE ECONOMIC DEVELOPMENT AND GROWTH THROUGH THE PURSUIT OF APPLICATION TO BECOME A CERTIFIED DEVELOPMENT FINANCIAL INSTITUTION (CDFI).
2022

Funded by

$4.5M from 1 funder · 3 grants · 2022–2024

Rural Enterprises Of Oklahoma Inc

$4.5M · 3 grants · 2022–2024

Details

EIN874562958
NTEE codeS32
Subsection03
Ruling date2022-10
Formed2022
Employees0
Volunteers4
REI CAPITAL ACCESS FUND INC — Mission, Financials & Grants Received | Grantivo