Mission
THE MISSION OF DEVELOPMENT VENTURES INCORPORATED IS TO DEVELOP AND OPERATE AFFORDABLE HOUSING COMMUNITIES SERVING RESIDENTS OF DURHAM, NORTH CAROLINA.
Public Charity
DEVELOPMENT VENTURES INC
Based in DURHAM, NC, DEVELOPMENT VENTURES INC operates as a Public Charity. The organization reported $4.9M in revenue, $2.3M in expenses, $24.0M in total assets for fiscal year 2024.
EIN: 561461066
DURHAM, NC
Latest filing: 2024
Total Revenue$4.9M
Total Expenses$2.3M
Total Assets$24.0M
Grant Records0
Filing Years2019–2024
Where $100 goes at Development Ventures Inc
How Development Ventures Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$70
Programs
the work itself
$30
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 $70 for programs
$70
The mission of Development Ventures incorporated is to develop and operate affordable housing communities serving residents of Durham
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
DIRECTOR
Angela Holmes
CHIEF EXECUTIVE OFFICER
Anthony Scott
DIRECTOR OF DEVELOPMENT
Anthony Snell
CHIEF OPERATING OFFICER
Ashanti Brown
DIRECTOR OF ADMINISTRATION
Carla Walton
CITY LIAISON
Carl Rist
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $4.9M | $2.3M | $24.0M |
| 2023 | $551K | $732K | $12.7M |
| 2022 | $245K | $362K | $7.6M |
| 2020 | $284K | $396K | $7.7M |
| 2019 | $186K | $643K | $7.7M |
Between 2019 and 2024, reported annual revenue grew from $186K to $4.9M (+2509%), with total assets most recently reported at $24.0M.
Interactive year-over-year charts and full filing details available with membership.