Nonprofit · EIN 75-2791607
THE DEVELOPMENT CORPORATION OF TARRANT COUNTY
Tax-exempt · FORT WORTH, TX 76107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,644,452 | $3,186,292 | -$541,840 | $12,863,607 | $4,338,202 | $8,525,405 |
| December 31, 2023 | 990 | $2,017,097 | $2,319,165 | -$302,068 | $14,743,006 | $5,515,404 | $9,227,602 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $435,462
- of which government grants
- $379,950
- Program service revenue
- $1,961,177
- Investment income
- $247,813
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $134,116
- Salaries, compensation and benefits (total)
- $433,701
- Professional fundraising fees
- $0
- Legal fees
- $8,212
- Accounting fees
- $31,300
- Depreciation
- $3,135
- Program services (functional)
- $2,634,629
- Management and general (functional)
- $551,663
Balance sheet and other
- Total assets, start of year
- $14,582,649
- Total assets, end of year
- $12,863,607
- Total liabilities, end of year
- $4,338,202
- Net assets, end of year
- $8,525,405
- Land, buildings and equipment
- $2,790,748
- Net assets without donor restrictions
- $8,525,405
- Gross receipts
- $2,644,452
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLIE PRICE | PRESIDENT Trustee or director, Officer | 40 | $167,747 |
| DAVID MEDANICH | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MIKE SANDLIN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| KELLY CURNUTT | TREASURER Trustee or director, Officer | 1 | $0 |
| GLENDA DREXEL | SECRETARY Trustee or director, Officer | 1 | $0 |
| DONALD WALKER | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN COOLEY | DIRECTOR Trustee or director | 1 | $0 |
| LORRAINE MILLER | DIRECTOR Trustee or director | 1 | $0 |
| ESTRUS TUCKER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLIE PRICE | PRESIDENT Trustee or director, Officer | 40 | $172,834 |
| DAVID MEDANICH | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MIKE SANDLIN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| KELLY CURNUTT | TREASURER Trustee or director, Officer | 1 | $0 |
| GLENDA DREXEL | SECRETARY Trustee or director, Officer | 1 | $0 |
| FREDERICK SLABACH | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN COOLEY | DIRECTOR Trustee or director | 1 | $0 |
| GLENDA DREXEL | DIRECTOR Trustee or director | 1 | $0 |
| LORRAINE MILLER | DIRECTOR Trustee or director | 1 | $0 |
| ESTRUS TUCKER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1509 S UNIVERSITY DR STE B208, FORT WORTH, TX 76107-9571
- In care of
- % CHARLIE PRICE
- Principal officer (990 for 2024)
- CHARLIE PRICE, 1509-B S UNIVERSITY DR 208, FORT WORTH, TX 76107
- Signed the 990
- CHARLIE PRICE, PRESIDENT
- Phone
- (817) 870-9008
- Return prepared by
- CHARLES O PAUL CPA
Mission
OUR MISSION IS TO UTILIZE PARTNERSHIPS TO PROVIDE QUALITY AFFORDABLE WORKFORCE HOUSING.
Program accomplishments
- ACTIVITIES RELATED TO THE DEVELOPMENT OF MULTI-FAMILY AND SINGLE-FAMILY HOUSING, SEEKING AND DEVELOPMENT OF REAL ESTATE.Expenses $2,634,629 · revenue $1,961,177
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2791607
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $12,863,607
- Income (IRS master file)
- $2,644,452
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,644,452 | $3,186,292 | $12,863,607 | IRS |
| 990 | December 2023 | $2,017,097 | $2,319,165 | $14,743,006 | XML |
| 990 | December 2022 | $5,365,540 | $1,474,566 | $10,640,467 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2791607).
Questions about THE DEVELOPMENT CORPORATION OF TARRANT COUNTY
- What is the EIN of THE DEVELOPMENT CORPORATION OF TARRANT COUNTY?
- The employer identification number (EIN) of THE DEVELOPMENT CORPORATION OF TARRANT COUNTY is 75-2791607.
- Is THE DEVELOPMENT CORPORATION OF TARRANT COUNTY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to THE DEVELOPMENT CORPORATION OF TARRANT COUNTY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE DEVELOPMENT CORPORATION OF TARRANT COUNTY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE DEVELOPMENT CORPORATION OF TARRANT COUNTY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE DEVELOPMENT CORPORATION OF TARRANT COUNTY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE DEVELOPMENT CORPORATION OF TARRANT COUNTY?
- The 990 for the year ended December 31, 2024 names CHARLIE PRICE.
- Who are the officers and directors of THE DEVELOPMENT CORPORATION OF TARRANT COUNTY?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $167,747 (CHARLIE PRICE, PRESIDENT).
- How much revenue does THE DEVELOPMENT CORPORATION OF TARRANT COUNTY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,644,452, expenses of $3,186,292 and total assets of $12,863,607 at year end.
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