Oklahoma City Housing Services Redevelopment Corporation
400 NW 23rd Street
Oklahoma City OK 73103
Tax Exempt Status Public Supported Charity
Organization Does Business As (DBA) Name(s)
Organization DBA
Positively Paseo
Mission Statement
Positively Paseo is a 501 (c) (3) non-profit community housing development organization, or CHDO, working to revitalize the Paseo Historic District, Classen Ten Penn, and Classen's North Highland Parked neighborhoods in Oklahoma City, Oklahoma.  Our mission is to revitalize urban Oklahoma City neighborhoods by rehabilitating historic homes, re-inhabiting vacant land, and increasing community investment through homeownership.
Contact Information
Contact Name Sheryl Lovelady
Contact email sheryl@positivelypaseo.org
Address 400 NW 23rd Street
Oklahoma City, OK 73103
Phone (405) 557-0700
County Oklahoma County
How to Give
Donate with Credit Card http://www.positivelypaseo.org
Donate to Endowment http://occf.org/okchsr/
Other ways to donate, support or volunteer
Positively Paseo is happy to accept donations of all sorts to include cash donations, online donations and in-kind donations (light fixtures, hardware, paint, other building supplies). We also need pro bono support from area architects, structural engineers, attorneys, and contractors for our housing projects. Internships are also available.
Financial Summary
 
 
Projected Revenue $590,000.00
Projected Expenses $450,000.00
History and Background
Former Names
NameYear
n/a
Year Founded 1991
IRS Ruling Year 1991
State Registration Expiration Sept 2017
Statements
Mission
Positively Paseo is a 501 (c) (3) non-profit community housing development organization, or CHDO, working to revitalize the Paseo Historic District, Classen Ten Penn, and Classen's North Highland Parked neighborhoods in Oklahoma City, Oklahoma.  Our mission is to revitalize urban Oklahoma City neighborhoods by rehabilitating historic homes, re-inhabiting vacant land, and increasing community investment through homeownership.
Background
We have rehabilitated and/or built 40 new homes since 1996, working in partnership with area residents, business and civic leaders, the City of Oklahoma City planning department, and other non-profits. Incidents of vandalism, graffiti, prostitution, gang activity, and landlord absenteeism have been significantly reduced. In 2010, the American Planning Association named Paseo one of the "Top Ten Great Neighborhoods in America"! In 2013, we expanded our scope into two other inner city neighborhoods: Classen Ten Penn and Classen's North Highland Parked.
Impact Working in partnership with the City of Oklahoma City's Strong Neighborhood Initiative, our work in two urban neighborhoods have resulted in dramatic stabilization and quality of life improvements. These neighborhoods have seen lower crime rates, increased home ownership and increased home values in just four years of work. 
Needs Each and every house we rehabilitate or build new helps to stabilize and revitalize our inner city neighborhoods. As construction costs continue to rise, we are in need of financial donations to help off-set these costs, as well as in-kind support by way of architect's house plans, house paint, light fixtures, fencing materials and labor, landscaping materials and labor, et cetera.  
Area Served
Area Served
Geographic Area Served
Oklahoma City
Positively Paseo works to revitalize the Paseo neighborhood (NW 23rd/30th - Western/Walker), a portion of the Classen Ten Penn neighborhood (NW 10th/16th - Western/Blackwelder), and the Classen's North Highland Parked neighborhood (NW 13th/16th - Lincoln Boulevard/I-235). All three neighborhoods are low-to-moderate income inner-city Oklahoma City neighborhoods.
Service Categories
Secondary Organizational Category Community Improvement, Capacity Building/Community & Neighbourhood Development
Tertiary Organizational Category Housing, Shelter/Home Improvement/Repairs
Programs
Description
Positively Paseo's primary program is to create affordable housing for low-to-moderate income families and individuals in inner-city Oklahoma City neighborhoods. The rehabilitated and newly constructed homes are sold to families whose income is at or below 80% of the area median income. These families typically do not have savings to cover a down payment so our program provides them with up to $15,000 to put toward their down payment and closing costs. To keep the home affordable, the families are required to live in the home for at least five years. At the end of five years, the $15,000 turns into a grant and the families never have to pay it back. To date we have helped 30 families become first-time homeowners and it is these owner-occupants who help stabilize and revitalize their neighborhoods.
 
We recognize that a strong, vital neighborhood needs a mix of housing types and incomes. As the popularity of the inner city grows and more and more families move back to our underserved, underutilized historic neighborhoods, we look forward to making room for a more economically diverse population that will contribute to the overall economic health of the community.  
 
Strategy
Population Served Families Poor,Economically Disadvantaged,Indigent General/Unspecified
Program Success MonitoringHelpDescription of the tools used to measure or track program impact.
Our mission is to provide quality, affordable housing to low-to-moderate income families and individuals and to stabilize the Paseo and Classen Ten Penn neighborhoods and we do this by rehabilitating dilapidated properties and building new homes on vacant lots. Our success is measured in our ability to complete and sell these properties. The more properties we transform and sell, the more successful we are.
CEO/Executive Director
CEO/Executive Director Sheryl Lovelady
Start Date Sept 2016
Email sheryl@positivelypaseo.org
Staff
Number of Full-time Staff 1
Number of Part-time Staff 1
Number of Contract Staff 1
Number of Volunteers 9
Staff Retention Rate 100
Are professional development opportunities provided? Yes
Does CEO/Executive Director have formal evaluations? Yes
Management reports to board? Yes
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 3
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 1
Female 2
Not Specified 0
Organizational Plans
Fundraising Plan Under Development
Policy against commission-based compensation for fundraising consultant No
Communication Plan Under Development
Strategic Plan Yes
Number of Years Strategic Plan Considers 5
Date Strategic Plan Adopted Nov 2013
Management Succession Plan Under Development
Organization Policies and Procedures Under Development
Awards
Awards
Award/RecognitionOrganizationYear
Top Ten Great Neighborhood in AmericaAmerican Planning Association2010
Citation of MeritOklahoma State Historic Preservation Office2012
Board Chair
Name Robert K. Lane
Company Affiliation National Weather Service
Term Jan 2016 to Dec 2017
Email robertinpaseo@gmail.com
Board of Directors
List Current as of Apr 12, 2017
Board of Directors List
NameAffiliationStatus
Debbie Blackburn Cottonwood PublicationsVoting
Suzann Broadbent Voting
J. David Chapman Voting
Randy Floyd Randy Floyd ArchitectsVoting
Dr. Randall Ice UCOVoting
Robert K. Lane National Weather ServiceVoting
Matthew McLarty Bockus PayneVoting
Catherine Montgomery Voting
Elizabeth Stevens Voting
Renate Wiggin Community VolunteerVoting
Board Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 9
Hispanic/Latino 0
Native American/American Indian 4
Other 0 0
Board Demographics - Gender
Male 6
Female 7
Not specified 0
Governance
Board Term Lengths 1 years
Percentage of Board Making Monetary Contributions to the Organization 100 %
Percentage of Board Making In-Kind Contributions to the Organization 40 %
Board Orientation Yes
Constituency Includes Client Representation Yes
Written Board Selection Criteria? Yes
Standing Committees
Board Governance
Executive
Building
Advisory Board
Advisory Board Members
NameAffiliation
Clifford Hudson Sonic Drive-In
John Yoeckel KPL Production Company, LLC
Current Fiscal Year
Fiscal Year Jan 01, 2016-Dec 31, 2016
Current Year Budgeted Total Income $590,000
Current Year Budgeted Total Expenses $450,000
IRS Letter of Determination
Prior Three Years' Financial History
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Contributions--$103,758--
Foundation and
Corporation Contributions
------
Government Contributions$120,763$270,633$244,861
Federal------
State------
Local------
Unspecified$120,763$270,633$244,861
Individual Contributions------
------
($56,825)$16,861($38,749)
Investment Income, Net of Losses$9,101$8,181$3,087
Unrealized Gain/Loss------
Membership Dues------
Special Events------
Revenue In-Kind------
Other----$11,792
Expense Allocation
Fiscal Year201520142013
Program Expense$53,027$52,219$12,423
Administration Expense$63,473$59,670$91,654
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses0.633.572.12
Program Expense/Total Expenses46%47%12%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$1,119,241$631,525$683,005
Current Assets$506,814$171,889$365,612
Long-Term Liabilities--$10,000$10,000
Current Liabilities$5,336$0$882
Total Net Assets$1,113,905$621,525$672,123
Solvency
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities94.98--414.53
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%2%1%
Funding Sources
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountGovt - Unspecified $120,763Govt - Unspecified $270,633Govt - Unspecified $244,861
Second Highest Funding Source & Dollar AmountInvestment Income $9,101Contributions $103,758Other $11,792
Third Highest Funding Source & Dollar Amount --Investment Income $8,181Investment Income $3,087
Endowment? Yes
Endowment Spending Policy Percentage
Endowment Spending Policy Percentage (if selected) 5 %
Credit Line? No
Reserve Fund? Yes
Capital Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next Five Years? No
Comments on Financials
Foundation Staff Comments
All prior year financial information is from the IRS Form 990s.

Note 1: Negative revenue amounts in 'Earned Income' are due to sales of inventory (houses) at a loss. 
Note 2: Fiscal Year 2013 had a prior period adjustment of $11,330, which was added to the Revenue and "Other Revenue."
Note 3: Financial information was presented according to the organization’s Form 990s received. We have noticed the Form 990 financials do not balance. 
 
Contributions may include foundations and corporations when the breakout was not available.

The financial information presented is obtained from the following sources: IRS Form 990, independent audit reports, financial statements – board approved when available, and supplemental information from the organization. We do not warrant or guarantee the timeliness, errors or inaccuracies. With respect to information regarding financial performance, nothing on this website should be interpreted as a statement or interpretation by OCCF staff.

Organizations with a GiveSmartOKC profile are responsible for updating information annually within 45 days following the end of their fiscal year.


 
Address 400 NW 23rd Street
Oklahoma City, OK 73103
Primary Phone 405 557-0700
Give with Credit Card http://www.positivelypaseo.org
Give to Endowment http://occf.org/okchsr/
CEO/Executive Director Sheryl Lovelady
Board Chair Robert K. Lane
Board Chair Company Affiliation National Weather Service