Public Charity

DALLAS DEVELOPMENT FUND

DALLAS DEVELOPMENT FUND, of DALLAS, TX, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $709K in revenue, $478K in expenses, $6.2M in total assets. 1 publicly reported grants to this organization, totaling roughly $30K, appear in IRS filings.

EIN: 264342371 DALLAS, TX Support N.E.C. NTEE: E19 Latest filing: 2025
Total Revenue$709K
Total Expenses$478K
Total Assets$6.2M
Grant Records1
Funding Total$30K
Filing Years2021–2025

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.

Where $100 goes at Dallas Development Fund

How Dallas Development Fund divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$86 Programs the work itself
$14 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $86 for programs

$86
To assist in carrying out the economic development program and objectives of the city of Dallas, texas by generating private investment capital through the new markets tax credit…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

Dallas Regional Chamber
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
PRESIDENT & DIRECTOR Drexell Owusu
SECRETARY Heather Lepeska
DIRECTOR Michael Horne
DIRECTOR AND VICE PRESIDEN Nadia Salibi
DIRECTOR Santiago Bello

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$30,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $709K $478K $6.2M
2024 $1.6M $721K $6.1M
2023 $603K $569K $5.6M
2022 $430K $867K $5.8M
2021 $6.7M $6.4M $6.3M

Between 2021 and 2025, reported annual revenue declined from $6.7M to $709K (-89%), with total assets most recently reported at $6.2M.

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

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