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Progress Okc a Community Development Corporation Inc

EIN 81-1435304 · Oklahoma City, OK

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair50 out of 100GovernanceGood81 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$156,809
Spending
$253,763
Spent on programs
98%
Reserves
3.6 months of spending
Largest source of income
donations and private grants, 53%
Employees
0
Volunteers
7

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 50 out of 100. Higher than 21% of charities in its peer group (community improvement, under $250k).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.6 months of spending.

  • Debt

    5 of 20

    It owes 57% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 62% of income.

  • Income trend

    10 of 15

    Income fell 8% on the year before.

  • Spending floor

    15 of 15

    98% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 81 out of 100. Higher than 67% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (12)
  1. $90,552 spent. 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.
  2. $24,611 spent. 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.
  3. $53,011 spent. 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.
  4. $76,888 spent. Community Service Facility
  5. $3,450 spent. KIVA Microloan Program
  6. Expenses: $76888.00 including grants of: $0.00 Revenue: $34630.00
  7. Expenses: $3450.00 including grants of: $0.00 Revenue: $0.00
  8. Part II - Progress OKC has no direct employees and does not pay
  9. any compenstation at this time. Mr. Tsoodle and Ms. Francisco
  10. are direct employees of, and are paid by, the Alliance for
  11. Economic Development of Oklahoma City, Inc. Progress OKC
  12. contracts with the Alliance for management services. The Alliance

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.