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EIN 56-1461066

Development Ventures

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Durham
State
North Carolina
Year formed
1985
Most recent tax filings
2022-12-01
NTEE code, primary
L20: Housing Development, Construction, Management
Description
Development Ventures develops and operates affordable housing communities, serving residents of Durham, North Carolina. They own Lincoln Apartments and the Goley Pointe project. Their mission is to provide low-income housing for the community.
Related structure
Development Ventures is a subordinate organization under Edgemont Elms Housing.
Total revenues
$244,976
2022
Total expenses
$361,617
2022
Total assets
$7,605,902
2022
Num. employees
0
2022

Program areas at Development Ventures

The mission of Development Ventures incorporated is to develop and operate affordable housing communities serving residents of durham. Development Ventures incorporated currently serves as the owner of lincoln apartments and the goley pointe project. The entity is involved in the Development of 1010 worth street and is the developer for the preiss-steele place redevelopment project.

Personnel at Development Ventures

NameTitleCompensation
Anthony ScottPresident / Chief Executive Officer$0
Denita JohnsonChief Operating Officer$0
Ralph StaleyChief Financial Officer$0
Anthony SnellDirector of$0
Barbara NewmanPast Chief Financial Officer$0
...and 6 more key personnel

Financials for Development Ventures

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$244,955
Investment income and dividends$21
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$244,976

Form 990s for Development Ventures

Fiscal year endingDate received by IRSFormPDF link
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-04-05990View PDF
2018-122019-12-06990View PDF
2017-122018-12-22990View PDF
...and 8 more Form 990s
Data update history
July 7, 2023
Updated personnel
Identified 2 new personnel
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 5, 2023
Updated personnel
Identified 2 new personnel
June 2, 2023
Updated personnel
Identified 2 new personnel
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Housing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
330 E Main St
Durham, NC 27701
Metro area
Durham-Chapel Hill, NC
County
Durham County, NC
Website URL
durhamhousingauthority.org/ 
Phone
(919) 683-1551
IRS details
EIN
56-1461066
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Subordinate organization
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