DALLAS DEVELOPMENT FUND

DALLAS, TX | Dallas County
Revitalization/Stabilization

Overview

DALLAS DEVELOPMENT FUND
26-4342371
1500 MARILLA ST
DALLAS, TX 75201
Dallas County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Revitalization/Stabilization
Nonprofit location info
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • NMTC Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
E19

E - Health - General & Rehabilitative

Support N.E.C.

Organizations that provide all forms of support except for financial assistance, fund raising, or patient care services for other organizations within the Health General and Rehabilitative major group area.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813219
Other Grantmaking and Giving Services

CRA Alignment

CRA Category info
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
Most Recent NMTC Award info
2017

$55,000,000
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$2.3M
Revenue
$2.3M
Assets
$5.8M
Exempt Ruling Date info
2014-06
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
509(a)(3) Type III functionally integrated

Nonprofit Location

Physical Address info
1500 MARILLA ST
DALLAS, TX 75201
Dallas County
FIPS Geocoded Address info
19100
MSA/CBSA info
48
State info
113
County info
0204.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Dallas-Fort Worth-Arlington, TX
Combined Statistical Area info
Dallas-Fort Worth, TX-OK
Metropolitan Division info
Dallas-Plano-Irving, TX
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 62.01%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0204.00 Dallas County
Population
Total Population 6,307 2,606,868
Total Households 2,670 928,341
Income
Median Family Income (Census*) $79,923 $59,607
Median Family Income (2019 FFIEC) $83,100 N/A
Tract Income Percentage 112.33% N/A
Below Poverty Level 31.4% 15.4%
Unemployment Level 6.0% 4.8%
Housing
Total Housing Units 3,074 1,013,364
Total Owner-Occupied Units 8.5% 50%
Total Renter-Occupied Units 78.4% 50%
Total Vacant Units 13.1% 8.8%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

7
Total Voting Members
in Governing Body
info
7
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Heather Lepeska
(214) 670-1222
Principal Officer info
Gilbert Gerst
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.