Dallas Development Fund

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EIN 26-4342371 Supporting organization Dallas, TX NTEE E19
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$709K
FY2024▼ -54%
Expenses
$478K
FY2024▼ -34%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Generates private investment capital through tax credits to fund job-creating economic development projects in low-income and distressed areas of Dallas. For fiscal year 2024 it reported $709K in revenue, $478K in expenses, and $5.7M in net assets.Pt I

Founded
2009
Type
Supporting organization · Health Care
Location
Dallas, TX
Website
www.dallasecodev.org
Filings
5 on file (2020–2024)
Revenue
$709KFY2024
Expenses
$478K
Net assets
$5.7M
People
8
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Figures match the IRS filing checked 7/3/26 · see original: IRS
Provided by the organization

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Size
$1–10M
What they do
Generates private investment capital through tax credits to fund job-creating economic development projects in low-income and distressed areas of Dallas.
Leadership
Dora Zapata · Director
Money in and out
$709K revenue, $478K expenses
Bottom line
+33% net inflow

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Dallas Regional Chamber

1 distinct foundation funder(s) on file, $30K received in the most recent year with grants. See detail →

How is the money spent?

CRITICAL

31% to programs

31% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$1–10M · ↓ -54% vs prior year

Revenue band $1–10M, -54% versus the prior filing year (down). See detail →

Money in and out · FY2024
Total revenue
$709K
Pt VIII · Ln 12
Total expenses
$478K
Pt IX · Ln 25
Net assets
$5.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $231K
Where spending went · Part IX cols B–D
Program services $0.31 Management & general $0.69
Net inflow
+33%
revenue over expenses, this year▼ -39% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
31%
of expenses reach stated programs▼ -35% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$6.2M
FY2024▲ +2%
Total liabilities
$491K
FY2024▼ -22%
Revenue less expensesPt I · Ln 19$231K
Total assetsPt X · Ln 16$6.2M
Program-expense ratioPt IX · col B31%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CDallas Development Fund
EINHdr · item D26-4342371
Principal addressHdr · item CDallas, TX
WebsiteHdr · item Jwww.dallasecodev.org
Year of formationHdr · item L2009
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E19)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
President & Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director and Vice Presiden
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Dallas Development Fund executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $148K of program spending, described in the organization's own filed words · FY2024.
01

See schedule oto 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 program to be made available for investment in low-income communities.

$148Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$637K · 90%
Investment income$34K · 5%
Other revenue$38K · 5%
Program service revenue90%$637K
Investment income5%$34K
Other revenue5%$38K
Total revenueLn 12$709K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.31 Management & general $0.69
Program services31%$148K
Management & general69%$329K
Total functional expensesLn 25$478K

Balance Sheet

Part X · end of year
CashLn 1$4.1M
Total assetsLn 16$6.2M
Total liabilitiesLn 26$491K
Total net assetsLn 32$5.7M
Months of cash on handcomputed103.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.1M · Operating expenses/yr $478K
103.9 months
Where the money goes
Program services
Program services $148K · Total expenses $478K
31%
Management & General
Management & general $329K · Total expenses $478K
69%
Fundraising
Fundraising $0 · Total expenses $478K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $709K
0%
Government reliance
Government grants — · Total revenue $709K
—
Earned-income share
Program service revenue $637K · Total revenue $709K
90%
Investment reliance
Investment income $34K · Total revenue $709K
+5%
Program self-sufficiency
Program service revenue $637K · Total expenses $478K
133%
Growth & trend
Revenue growth (YoY)
This year $709K · Prior year $1.6M
-54%
Revenue CAGR
FY2019 $2.3M · FY2024 $709K
-21%
Net-asset trend (YoY)
End of year $5.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $709K · Expenses $478K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $6.2M
—
Net-asset ratio
Net assets $5.7M · Total assets $6.2M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dora Zapata · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $478K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $478K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 31%——
Overhead ratio 69%——
Revenue growth -54%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$30K
Grants paid · 494 grants · $6.2M · 2019–2020
Mangez INCFY2020$15,000
John & Tom INC DBA Preston CleanersFY2020$15,000
Elijah and Associates Enterprise INCFY2020$15,000
AV Lighthouse CorporationFY2020$15,000
Cru Restaurant LPFY2020$15,000
Wintonwood LLC DBA Play Street MuseumFY2020$15,000
Richard a Gaudio DDSFY2020$15,000
Full City Rooster LLCFY2020$15,000
Mockingbird Cafe and Grill INC DBA Royal DonutsFY2020$15,000
The Staffing Company LLCFY2020$15,000
Bright Minds Learning Center LLCFY2020$15,000
Dcg Investments LLCFY2020$15,000
Cmyk2go INCFY2020$15,000
Aqua Express INCFY2020$15,000
Maracas Cocina Mexicana LLCFY2020$15,000
Amaria's Learning Center LLCFY2020$15,000
Classic Pilates CompanyFY2020$15,000
Gabriel Amaya Reyes DBA Fridas TacolandiaFY2020$15,000
See all 494 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.6M revenue · ⤓ 990 PDF
FY2023$603K revenue · ⤓ 990 PDF
FY2022$430K revenue · ⤓ 990 PDF
FY2021$6.7M revenue · ⤓ 990 PDF
FY2020$2.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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