Impact Dallas Capital
- Assets
- $157.5k
- Revenue
- $40.7k
- Investments
- $25.7k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-1807575
Organization Overview
Impact Dallas Capital is located in Dallas, TX. The organization was established in 2015. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Dallas Capital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPACT DALLAS CAPITAL WAS CREATED TO INCREASE INVESTMENT TO FACILITATE ECONOMIC GROWTH AND REVITALIZATION IN HISTORICALLY UNDERSERVED AREAS IN SOUTHERN DALLAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PRIVATE INVESTMENT CAPITAL TO REVITALIZE AND SPUR ECONOMIC DEVELOPMENT IN DISTRESSED COMMUNITIES OF SOUTHERN DALLAS PROVIDE TECHNICAL SERVICES TO PROJECT SPONSORS TO OVERCOME MARKET, COMMUNITY, AND OTHER PERCEIVED BARRIERS TO DEVELOPING AND INVESTING IN DISTRESSED COMMUNITIES OF SOUTHERN DALLAS CREATE A LONG TERM SUSTAINABLE SOURCE OF PRIVATE CAPITAL, WHICH WILL AUGMENT ONGOING PUBLIC SECTOR PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Bowman Chairperson | 1 | $0 | |
Robert Chereck Director | 1 | $0 | |
Marshall Payne Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,295 |
| Total Revenue | $40,737 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,281 |
| Total operating and administrative expenses | $6,996 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $306,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,713 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,740 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $157,453 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Old Spanish Trail-Almeda Corridors Redevelopment Authority Houston, TX | $78,272,041 | $12,203,610 |
Centro Public Improvement District San Antonio, TX | $1,647,971 | $6,189,889 |
Maple Avenue Economic Development Corporation Of Dallas Dallas, TX | $11,933,705 | $3,299,961 |
White River Planning & Development Dist Inc Batesville, AR | $13,868,468 | $4,307,468 |
Covenant Community Capital Corporation Houston, TX | $9,362,906 | $2,210,165 |
Metafund Corporation Edmond, OK | $30,699,805 | $2,775,325 |
Sfs Development Inc Oklahoma City, OK | $22,888,253 | $6,807,080 |
Divinc Austin, TX | $1,242,173 | $2,296,391 |
The Pyramid Community Development Corporation Houston, TX | $3,288,918 | -$1,072,522 |
Technology & Entrepreneurship Center Of Houston Inc Houston, TX | $3,649,151 | $380,691 |
Regional Community Finance Inc New Orleans, LA | $27,779,646 | $1,353,772 |
Duncan Area Economic Development Foundation Duncan, OK | $17,794,309 | $1,169,335 |