Dallas Development Fund

Organization Overview

Dallas Development Fund is located in Dallas, TX. The organization was established in 2014. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Development Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Dallas Development Fund generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $6.4m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Dallas Development Fund has awarded 494 individual grants totaling $6,154,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AIDING, ASSISTING, & ACTING ON BEHALF OF THE CITY OF DALLAS, TEXAS IN THE PERFORMANCE OF ITS GOVERNMENTAL FUNCTIONS TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE CITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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. THE ORGANIZATION HAS RECEIVED $185 MILLION OF NEW MARKETS TAX CREDIT ALLOCATION TO DATE. THIS RESOURCE IS BEING USED TO PROVIDE CAPITAL TO JOB-GENERATING ECONOMIC DEVELOPMENT PROJECTS WITHIN THE ECONOMICALLY DISTRESSED AREAS OF DALLAS, PARTICULARLY IN SOUTHERN DALLAS. THESE STRATEGIES COMPLEMENT EXISTING CITY EFFORTS TO COMBAT UNEVEN DEVELOPMENT PATTERNS THAT HAVE HISTORICALLY CONCENTRATED NEW COMMERCIAL ACTIVITIY IN NORTH DALLAS, AND TO USE TRANSIT-ORIENTED DEVELOPMENT PRINCIPLES TO CREATE ACCESSIBLE URBAN VILLAGE CENTERS IN DISINVESTED NEIGHBORHOODS. DDF'S FINANCING PRODUCTS FEATURE SUCH ATTRIBUTES AS BELOW-MARKET INTEREST RATES, HIGHER THAN TYPICAL LOAN-TO-VALUE RATIOS, AND/OR PROVISION OF EQUITY. TO DATE, DDF HAS CLOSED $176.5 MILLION IN NMTC FINANCING AS OF 9/30/2021.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,952,351
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,952,351
Total Program Service Revenue$766,385
Investment income $5,000
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,735,720

Grants Awarded

Over the last fiscal year, Dallas Development Fund has awarded $5,256,500 in support to 401 organizations.

Grant RecipientAmount

DAH LEE HONG CORPORATION DBA SKYLINE MOTORSPORT

PURPOSE: COVID-19 RELIEF

$15,000

CADILAC LAW PLLC

PURPOSE: COVID-19 RELIEF

$15,000

HEALTHSTAR MEDICAL SERVICES INC DBA AHEALTHSTAR HOMECARE AGENCY

PURPOSE: COVID-19 RELIEF

$15,000

DATA AND PRODUCTS MANAGEMENT SERVICES INC

PURPOSE: COVID-19 RELIEF

$15,000

SAI HOSPITALITY INC

PURPOSE: COVID-19 RELIEF

$15,000

TINY INDUSTRIES LLC

PURPOSE: COVID-19 RELIEF

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Dallas Development Fund has recieved totaling $30,000.

Awarding OrganizationAmount
Dallas Regional Chamber

Dallas, TX

PURPOSE: Match-Funding to an Awardee of our choosing

$30,000
View Grant Recipient Profile

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