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Development Projects INC

Not tax-deductible

Dayton, OH501(c)(6)Mutual / membership EIN 31-1425883Revenue $3.6M in FY2024Latest return filed Nov 11, 2025

On file with the IRSdaytonregion.comDayton, OHTax-exempt since Feb 1996

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To retain, expand and recruit jobs in the dayton region.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1425883) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $7K a year · 0.2% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
3.3 mo
of spending, in cash
3.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$735K
64% of total assets
Liabilities are 64% of assets.
Pt X · Ln 26
Independent board members
7
of 8 voting members
7 of 8 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$3.6M
-18% vs prior year
Spent
$3.5M
Net assets
$412K
By yearFY2020–FY2024
Revenue
$3.6M
FY2024▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$3.0M
FY2022$2.9M
FY2023$4.4M
FY2024$3.6M
Expenses
$3.5M
FY2024▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$3.0M
FY2022$2.9M
FY2023$4.3M
FY2024$3.5M
Net assets
$412K
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$387K
FY2021$309K
FY2022$324K
FY2023$372K
FY2024$412K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Jeffery C Hoagland
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Dan Curran
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Dan McCabe
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Development Projects INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Creates and keeps jobs in the Dayton area.

Questions for Development Projects INC

Tap to ask. Development Projects INC sees how many people are interested.

Your first name shows with your question. Development Projects INC answers here, for everyone.

1 program · in their own filed words · FY2024
01

Collaborating with a vast network of state and local economic development partners, the coalition assists companies looking to expand or locate to the community. In the dayton metropolitan area, one out of every 11 jobs is a federal civilian, military, or contractor position.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1425883) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.6M
Investment incomeLn 3$10K
Money outPt IX
$3.5M
Ln 25
Owns and owesPt X
$412K
net assets · Ln 32
Cash and savingsLn 1–2$972K
Total assetsLn 16$1.1M
LiabilitiesLn 26$735K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.6M
Government grantsLn 1e$3.1M
Investment incomeLn 3$10K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
SavingsLn 2$972K
Cash and savings togetherLn 1–2$972K
Accounts receivableLn 4$175K
Total assetsLn 16$1.1M
LiabilitiesLn 26$735K
Net assetsLn 32$412K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$972K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.4M$1.1M
LiabilitiesLn 26$999K$735K
Net assetsLn 32$372K$412K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$18K
Other fees for servicesLn 11g$2.6M
Advertising and promotionLn 12$83K
Office expensesLn 13$684
Information technologyLn 14$3K
OccupancyLn 16$113K
TravelLn 17$138K
Conferences, conventions and meetingsLn 19$282K
Other expenses (24a–d)Ln 24$270K
Total functional expensesLn 25$3.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 11, 2025 $3.6M$3.5M$40K$412K 990 PDF
FY2023Filed with the IRS Nov 12, 2024 $4.4M$4.3M$49K$372K 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $2.9M$2.9M$15K$324K 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $3.0M$3.0M−$78K$309K 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $1.9M$1.8M$8K$387K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $3,584,863 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,390,414$3,574,951
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,328$9,912
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,396,742$3,584,863
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,348,167$3,545,051
I-18 Total expensesPrior year $4,348,167$3,545,051
I-19 Revenue less expensesPrior year $48,575$39,812
Part VI · Governance 7 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $3,584,863 across 5 lines filed
VIII-1b Membership dues$433,460
VIII-1e Government grants$3,141,491
VIII-1h Total contributions, gifts and grants$3,574,951
VIII-3 Investment incomeExcluded from tax $9,912$9,912
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $9,912$3,584,863
Part IX · Statement of functional expenses $3,545,051 across 9 lines filed
IX-11c Accounting fees$18,190
IX-11g Other fees for services$2,638,118
IX-12 Advertising and promotion$83,000
IX-13 Office expenses$684
IX-14 Information technology$3,048
IX-16 Occupancy$112,736
IX-17 Travel$137,869
IX-19 Conferences, conventions and meetings$281,848
IX-24 Other expenses (24a–d)$269,558
IX-25 Total functional expenses$3,545,051
Part X · Balance sheet $1,147,397 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,076,845$971,923
X-4 Accounts receivableStart of year $294,865$175,474
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $1,371,710$1,147,397
X-17 Accounts payable and accrued expensesStart of year $95,766$79,633
X-19 Deferred revenueStart of year $289,690$285,774
X-25 Other liabilitiesStart of year $613,941$369,865
X-26 Total liabilitiesStart of year $999,397$735,272
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $372,313$412,125
X-32 Total net assets or fund balancesStart of year $372,313$412,125
X-33 Total liabilities and net assetsStart of year $1,371,710$1,147,397
Part XI · Reconciliation of net assets $412,125 net assets at year end
XI-1 Total revenue$3,584,863
XI-2 Total expenses$3,545,051
XI-3 Revenue less expenses$39,812
XI-4 Net assets at start of year$372,313
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$412,125

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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