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Nonprofiteer
← DEVELOPMENT PROJECTS INC

Form 990 for tax year 2024

Filed by DEVELOPMENT PROJECTS INC.

Totals

Total revenue
$3,584,863
Total expenses
$3,545,051
Contributions and grants received
$3,574,951
Grants paid
$0
Program service revenue
$0
Investment income
$9,912
Other revenue
$0
Total assets, end of year
$1,147,397
Total liabilities, end of year
$735,272
Net assets or fund balances, end of year
$412,125
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $433,460

  • 1e · Government grants (contributions)

    $3,141,491

  • 3 · Investment income

    total $9,912 · excluded $9,912

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $18,190

  • 11g · Fees: other

    total $2,638,118

  • 12 · Advertising and promotion

    total $83,000

  • 13 · Office expenses

    total $684

  • 14 · Information technology

    total $3,048

  • 16 · Occupancy

    total $112,736

  • 17 · Travel

    total $137,869

  • 19 · Conferences, conventions and meetings

    total $281,848

  • 24a · Other expenses: ALLOCATED PAYROLL

    total $262,026

  • 24b · Other expenses: AUTOMOBILE EXPENSES

    total $7,223

  • 24c · Other expenses: PRINTING AND REPRODUCTI

    total $309

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,076,845 · end of year $971,923

  • 4 · Accounts receivable

    beginning of year $294,865 · end of year $175,474

  • 10a · Land, buildings and equipment: cost or other basis

    $58,128

  • 10b · Land, buildings and equipment: accumulated depreciation

    $58,128

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,766 · end of year $79,633

  • 19 · Deferred revenue

    beginning of year $289,690 · end of year $285,774

  • 25 · Other liabilities

    beginning of year $613,941 · end of year $369,865

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $372,313 · end of year $412,125

Mission and programs · 2024

Mission

THE MISSION OF THE COALITION IS TO RECRUIT, EXPAND AND RETAIN JOBS IN THE DAYTON REGION. THE COALITION FOCUSES ON GROWING THE 14-COUNTY DAYTON REGION AND BOLSTERS JOB CREATION AND OPPORTUNITY BY SUPPORTING ENTREPRENEURIAL ACTIVITY, RETAINING AND ATTRACTING BUSINESSES, AND ADVOCATING FOR AND PROMOTING THE REGION'S ASSETS AT THE LOCAL, STATE AND NATIONAL LEVELS.

Activities or mission (Part I)

TO RETAIN, EXPAND AND RECRUIT JOBS IN THE DAYTON REGION.

  • COLLABORATING WITH A VAST NETWORK OF STATE AND LOCAL ECONOMIC DEVELOPMENT PARTNERS, THE COALITION ASSISTS COMPANIES LOOKING TO EXPAND OR LOCATE TO THE COMMUNITY. IN THE DAYTON METROPOLITAN AREA, ONE OUT OF EVERY 11 JOBS IS A FEDERAL CIVILIAN, MILITARY, OR CONTRACTOR POSITION. BY SUPPORTING THE REGION'S LOCAL MILITARY CONTRACTORS, MILITARY PERSONNEL, AND FEDERAL INSTALLATIONS, THE COALITION HELPS PROMOTE JOB GROWTH IN THE REGION. THE COALITION COMMUNICATES WITH MEMBERS AND THE COMMUNITY THROUGH EVENTS INCLUDING ROUNDTABLES, FORUMS, AND PANEL DISCUSSIONS, AN ANNUAL MEETING, NEWSLETTERS, EMAILS AND PRESENTATIONS TO COMMUNITY PARTNERS UPON REQUEST.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffery C Hoagland

    PRESIDENT & CEO

    Total calculated
    $432,253
    From this org
    $0
    From related orgs
    $387,271
    Other
    $44,982
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,219 related
    Bonus
    $0 + $48,952 related
    Other
    $0 + $100 related
    Deferred
    $0 + $20,208 related
    Nontaxable benefits
    $0 + $24,774 related
    Filer's total
    $0 + $432,253 related

  • James Carty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dan Curran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jesse Lightle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dan McCabe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Erin Rolfes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Landess

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David R Harrison

    CFO

    Total calculated
    $310,863
    From this org
    $0
    From related orgs
    $277,090
    Other
    $33,773
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,990 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $16,149 related
    Nontaxable benefits
    $0 + $17,624 related
    Filer's total
    $0 + $310,863 related

  • Michael D Gessel

    VP - FEDERAL GOV'T PROGRAM

    Total calculated
    $285,672
    From this org
    $0
    From related orgs
    $262,265
    Other
    $23,407
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,165 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $15,616 related
    Nontaxable benefits
    $0 + $7,791 related
    Filer's total
    $0 + $285,672 related

  • Julie Sullivan

    EVP - REGIONAL DEVELOPMENT

    Total calculated
    $269,763
    From this org
    $0
    From related orgs
    $231,673
    Other
    $38,090
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,573 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $13,547 related
    Nontaxable benefits
    $0 + $24,543 related
    Filer's total
    $0 + $269,763 related

  • Elaine Bryant

    EVP - AEROSPACE AND DEFENS

    Total calculated
    $235,631
    From this org
    $0
    From related orgs
    $221,550
    Other
    $14,081
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,450 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $13,167 related
    Nontaxable benefits
    $0 + $914 related
    Filer's total
    $0 + $235,631 related

  • David Burrows

    EVP - ENGAGEMENT & BUSINES

    Total calculated
    $245,605
    From this org
    $0
    From related orgs
    $208,619
    Other
    $36,986
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,519 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $12,443 related
    Nontaxable benefits
    $0 + $24,543 related
    Filer's total
    $0 + $245,605 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202513159349304461

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