Public Charity

DALLAS DEVELOPMENT FUND

DALLAS DEVELOPMENT FUND, of DALLAS, TX, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $1.6M in revenue, $721K in expenses, $6.1M in total assets. 1 publicly reported grants to this organization, totaling roughly $30K, appear in IRS filings.

EIN: 264342371 DALLAS, TX Latest filing: 2024
Total Revenue$1.6M
Total Expenses$721K
Total Assets$6.1M
Grant Records1
Funding Total$30K
Filing Years2020–2024

Mission

SEE SCHEDULE OTHE DALLAS DEVELOPMENT FUND IS ORGANIZED FOR THE PURPOSE OF AIDING, ASSISTING, AND ACTING ON BEHALF OF THE CITY OF DALLAS, TEXAS IN THE THE PERFORMANCE OF ITS GOVERNMENTAL FUNCTIONS TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE CITY, INCLUDING, WITHOUT LIMITIATION, FOR THE BENEFIT OF, AND TO ASSIST IN CARRYING OUT THE ECONOMIC DEVELOPMENT PROGRAM AND OBJECTIVES OF THE CITY BY GENERATING PRIVATE INVESTMENT CAPITAL THROUGH THE NEW MARKETS TAX CREDIT PROGRAM TO BE MADE AVAILABLE FOR INVESTMENT IN LOW-INCOME COMMUNITIES.

Sample Grants Received

2020
Match-Funding to an Awardee of our choosing
$30,000

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

DIRECTOR Dora Zapata
TREASURER Drexell Owusu
OUTGOING DIRECTOR Edward Okpa
OUTGOING PRESIDENT AND DIRECTOR Gilbert Gerst
SECRETARY Heather Lepeska
DIRECTOR Michael Horne

Officer compensation and complete director data available with membership.

Top Grant Purposes

Match-Funding to an Awardee of our choosing
$30,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.6M $721K $6.1M
2023 $603K $569K $5.6M
2022 $430K $867K $5.8M
2021 $6.7M $6.4M $6.3M
2020 $2.3M $1.8M $5.8M

Between 2020 and 2024, reported annual revenue declined from $2.3M to $1.6M (-33%), with total assets most recently reported at $6.1M.

Interactive year-over-year charts and full filing details available with membership.

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