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 https://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
Year Founded 1991
IRS Ruling Year 1991
State Registration Expiration Apr 2018
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.
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
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.  
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
Number of Full-time Staff 1
Number of Part-time Staff 1
Number of Contract Staff 0
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 1
Caucasian 1
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
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
Top Ten Great Neighborhood in AmericaAmerican Planning Association2010
Citation of MeritOklahoma State Historic Preservation Office2012
Board Chair
Name Randal Ice
Company Affiliation University of Central Oklahoma
Term Jan 2019 to Dec 2021
Email rdice@uco.edu
Board of Directors
List Current as of Nov 16, 2018
Board of Directors List
Debbie BlackburnCottonwood PublishingVoting
Suzanne BroadbentOklahoma Historic Preservation CommissionVoting
Cheryl DenneyMcAfee & Taft Law FirmVoting
Diana GalatianDLGM Consulting, LLCVoting
Dr. Randall IceCollege of Business, University of Central OklahomaVoting
Robert K. LaneNational Weather ServiceVoting
Matthew McLartyBockus PayneVoting
Catherine MontgomeryPreservation Design StudioVoting
Renate WigginCommunity 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
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
Advisory Board
Advisory Board Members
Clifford HudsonSonic Drive-In
John YoeckelKPL Production Company, LLC
Current Fiscal Year
Fiscal Year Jan 01, 2019-Dec 31, 2019
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 Year201720162015
Foundation and
Corporation Contributions
Government Contributions$269,472$15,478$120,763
Individual Contributions------
Investment Income, Net of Losses$10,966$10,133$9,101
Unrealized Gain/Loss------
Membership Dues------
Special Events------
Revenue In-Kind------
Expense Allocation
Fiscal Year201720162015
Program Expense$851,309$47,515$53,027
Administration Expense--$89,897$63,473
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses1.201.470.63
Program Expense/Total Expenses100%35%46%
Fundraising Expense/Contributed Revenue--0%--
Assets and Liabilities
Fiscal Year201720162015
Total Assets$1,382,701$1,182,677$1,119,241
Current Assets$364,224$340,017$506,814
Long-Term Liabilities------
Current Liabilities$38,197$4,800$5,336
Total Net Assets$1,344,504$1,177,877$1,113,905
Short Term Solvency
Fiscal Year201720162015
Current Ratio: Current Assets/Current Liabilities9.5470.8494.98
Long Term Solvency
Fiscal Year201720162015
Long-Term Liabilities/Total Assets0%0%0%
Funding Sources
Top Funding Sources
Fiscal Year201720162015
Top Funding Source & Dollar AmountEarned Revenue $670,038Govt - Unspecified $145,478Govt - Unspecified $120,763
Second Highest Funding Source & Dollar AmountGovt - Unspecified $269,472Earned Revenue $30,773Earned Revenue $97,759
Third Highest Funding Source & Dollar AmountInvestment Income $10,966Contributions $15,000Investment Income $9,101
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: Fiscal year 2015 had a loss of ($154,584) due to selling homes.  It is noted as "Other" revenue.
Note 2: Financial information was presented according to the organization’s Form 990s received. We have noticed the Form 990 financials do not balance. 
Note 3: In fiscal year 2017, a prior period adjustment of $67,460 was made.  It is listed as "Other" revenue in order for the net assets to roll-forward properly. 
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 https://www.positivelypaseo.org
Give to Endowment http://occf.org/okchsr/
CEO/Executive Director Sheryl Lovelady
Board Chair Randal Ice
Board Chair Company Affiliation University of Central Oklahoma