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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Development Ventures Inc.

Development Ventures Inc.

Fiscal year ending 2016. Filed on November 15, 2017.

330 E Main Street
Durham, North Carolina 27701

Development Ventures Inc. (EIN: 56-1461066) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2016 IRS Form 990 filing, Development Ventures Inc., a 501(c)(3) charitable organization, reported compensation for 3 employees. Among the employees shown here, the average compensation is $127,245. The highest compensated employee at Development Ventures Inc. is Dallas J Parks with fiscal year 2016 compensation of $172,965.

Revenue, expenses, and employee compensation

Revenue

$1,228,037

Expenses

$932,451

Employee compensation

$375,126
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Dallas J Parks
Former Chief Executive Officer
$172,965
$0 $150,874 $22,091
Jeffrey Causey
Former Chief Financial Officer
$81,524
$0 $72,272 $9,252
Johnathan Blum
Chief Financial Officer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Anthony Scott
Chief Executive Officer
$113,440
$0 $104,995 $8,445
Daniel C Hudgins
Director
No compensation reported
George Quick
Director
No compensation reported
Thomas M Niemann
Chair and Director
No compensation reported
Robert Glenn
Director
No compensation reported
Gloria M Nottingham
Director
No compensation reported
Larry D Yon II
Vice President and Director
No compensation reported
Barbara Fletcher Lofton
Director
No compensation reported

Mission Statement

THE MISSION OF DEVELOPMENT VENTURES INCORPORATED IS TO DEVELOP AND OPERATE AFFORDABLE HOUSING COMMUNITIES SERVING RESIDENTS OF DURHAM, NORTH CAROLINA.

Revisions to this organization profile

November 7, 2025:
2024 Development Ventures Inc. 990 filed
November 15, 2024:
2023 Development Ventures Inc. 990 filed
November 10, 2023:
2022 Development Ventures Inc. 990 filed

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