St Louis Development Corporation
St Louis Development Corporation is a public charity based in St. Louis, Missouri. Its stated mission is to improve the efficiency and effectiveness of the City of St. Louis’s economic development activities.
St Louis Development Corporation at a glance
In short: St Louis Development Corporation gave $12.2M across 19 grants in 2025 (avg $642K), mostly in Missouri. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $12,189,864
- +1792.5% vs 2024
- Grants made (2025)
- 19
- +375.0% vs 2024
- Average grant
- $641,572
- +298.4% vs 2024
- Median grant
- $100,000
- Total assets
- $52,615,580
- -15.5% vs 2024
- Primary geography
- Missouri (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to St Louis Development Corporation
- Contact
Mailing address: 1520 Market Street 2000, St Louis, MO 63103
Phone: (314) 657-3700
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who St Louis Development Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was LDC Funding 4TH Stlslfrf Grant Batch ($6.6M). Together the top 10 received $11.8M.
Grant Size Distribution
48 grants across all recorded years
The most common grant size was under $50K: 30 grants of 48 (63%).
Geographic Focus
Where this funder awards grants
All reported 2025 grant dollars went to recipients in Missouri.
Grant Distribution by State
Share of 2025 grant dollars across all 19 itemized grants.
Cities
How St Louis Development Corporation gives
- Giving grew 8006% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $25K (2020) to $14.4M (2023). In 2025 it made 19 grants totaling $12.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| LDC Funding 4TH Stlslfrf Grant Batch St. Louis, MO | Recipients on the North City Commercial Corridor | $6,600,000 |
| SLDC Arpa Funding for CC Union Trans St. Louis, MO | Advance to credit union on the small business loan fund | $2,018,750 |
| Nationwide Construction St. Louis, MO | Recipient on the North City Commercial Corridor | $1,435,770 |
| Investor's Title Company St. Louis, MO | Recipients on the Down Payment Grant Program | $660,000 |
| Title Partners Agency LLC St. Louis, MO | Recipient on the North City Commercial Corridor | $268,134 |
| Legacy Title & Escrow St. Louis, MO | Recipients on the Down Payment Grant Program | $230,000 |
| Community Title Services St. Louis, MO | Recipients on the Down Payment Grant Program | $190,000 |
| Security Title Insurance St. Louis, MO | Recipients on the Down Payment Grant Program | $150,000 |
| Continental Title St. Louis, MO | Recipients on the Down Payment Grant Program | $100,000 |
| Absolute LLC St. Louis, MO | Recipients on the Down Payment Grant Program | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $52,615,580 | $23,981,225 | $28,605,764 | $12,189,864 | 19 | $1,317,613 |
| 2024 | $62,231,143 | $12,616,455 | $16,916,916 | $644,125 | 4 | $730,030 |
| 2023 | $63,081,613 | $25,186,270 | $28,853,773 | $14,365,419 | 6 | $71,619 |
| 2022 | $13,361,721 | $7,007,732 | $11,937,216 | $150,374 | 12 | $1,434 |
| 2021 | $13,684,401 | $12,294,204 | $15,818,951 | $96,662 | 7 | $6,080 |
| 2020 | $14,298,358 | $7,076,509 | $10,551,384 | $25,357 | 5 | $14,571 |
| 2019 | $13,619,736 | $7,368,236 | $10,668,077 | $142,414 | 9 | $8,635 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s stated mission is to improve the efficiency and effectiveness of the economic development activities of the City of St. Louis, Missouri. Its filing describes administrative and research services for affiliated agencies; its 2025 grants include awards associated with the North City commercial corridor, a small-business loan fund, and a down payment grant program.
Grantmaking
In filing year 2025, the organization reported 19 grants totaling $12,189,864. Grant amounts ranged from $12,210 to $6,600,000, with a median of $100,000.
Among the largest reported grants were $6,600,000 to LDC Funding 4th STLSLFRF Grant Batch for recipients on the North City commercial corridor; $2,018,750 to SLDC ARPA Funding for CC Union Trans as an advance to a credit union on the small-business loan fund; and $1,435,770 to Nationwide Construction for a recipient on the North City commercial corridor. The filing also lists awards connected to the down payment grant program, including $660,000 to Investor’s Title Company, $230,000 to Legacy Title & Escrow, and $190,000 to Community Title Services.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Neal Richardson as chairman/CEO; Charles Hahn as treasurer/SVP CFO; and David Meyer as secretary. It lists Shameem Clark-Hubbard, Matthew S. McBride, Loura Gilbert, Sean Spencer, Gary Reed, Calvin Arnold, and Alisha Sonnier as members.
St Louis Development Corporation is led by Neal Richardson, Chairman & CEO since 2025 (on filings since 2022); 7 of 15 officers listed in 2025 are compensated.
Officers on the 2025 filing
Neal Richardson
Chairman & CEO
Chairman & Executive Director → Chairman & CEO, 2025
On filings since 2022
40 hrs/week
$103K (2022) → $270K (2025)
Shelton Anderson
Director of Real Estate - Lra
New on the 2025 filing
40 hrs/week
$137K (2025)
Charles Hahn
Treasurer & Senior Vice President CFO
Treasurer → Treasurer & Controller, 2020
Treasurer & Controller → Treasurer & Senior Vice President CFO, 2023
On filings since 2019
40 hrs/week
$110K (2019) → $158K (2025)
Paul Orr
Senior Vice President & Real Estate Development
Project Manager → Senior Vice President Real Estate Development, 2023
Senior Vice President Real Estate Development → Senior Vice President & Real Estate Development, 2025
On filings since 2019
40 hrs/week
$108K (2019) → $164K (2025)
Lance Knuckles
Senior Vice President, Strategic Growth & Development
Senior Vice President Strategic Growth & Development → Senior Vice President Strategic Growth & D, 2024
Senior Vice President Strategic Growth & D → Senior Vice President, Strategic Growth & Development, 2025
On filings since 2023
40 hrs/week
$149K (2023) → $198K (2025)
Stacey Lynn Fowler
Senior Vice President, Minority & Business Empowerment
Senior Vice President Minority Business Empowerment → Senior Vice President Minority Business Empo, 2024
Senior Vice President Minority Business Empo → Senior Vice President, Minority & Business Empowerment, 2025
On filings since 2023
40 hrs/week
$146K (2023) → $164K (2025)
Lorna Alexander
Senior Vice President, Program Administration & Compliance
New on the 2025 filing
40 hrs/week
$143K (2025)
Loura Gilbert
Member
Member → President, 2022
President → Member, 2023
On filings since 2019
1 hr/week
No compensation reported
Matthew S. McBride
Member
On filings since 2019
1 hr/week
No compensation reported
David Meyer
Secretary
On filings since 2021
1 hr/week
No compensation reported
Sean Spencer
Member
On filings since 2021
1 hr/week
No compensation reported
Calvin Arnold
Member
On filings since 2023
1 hr/week
No compensation reported
Gary Reed
Member
On filings since 2023
1 hr/week
No compensation reported
Shameem Clark-Hubbard
Member
On filings since 2023
1 hr/week
No compensation reported
Alisha Sonnier
Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (21)
- Former: Marvin Anderson (2019–2024) — Vice Chair
- Former: Cara Spencer (2023–2024) — Member
- Former: Simon Huang (2023–2024) — Chief Techology Officer
- Former: Daffney Moore (2021–2023) — Chief of Staff
- Former: Dale E. Ruthsatz (2019–2022) — Director of Commercial Development
- Former: Gregory E. Shapiro (2019–2022) — Member
- Former: Laura Costello (2019–2022) — Director of Real Estate
- Former: Robert J. Gaskill-Clemons (2019–2022) — Chief Technology Officer
- Former: Marlene Davis (2021–2022) — Member
- Former: Clarence Dula (2022) — Member
- Former: Otis Willaims (2022) — Past Chairman & Executive Director
- Former: Pam Boyd (2022) — Member
- Former: Mark H. Levison (2019–2021) — Member
- Former: Otis Williams (2019–2021) — Chairman & Executive Director
- Former: Jeffrey Boyd (2021) — Member
- Former: Nahuel Fefer (2021) — President
- Former: Alderman Joseph Roddy (2019–2020) — Member
- Former: Alderman Joseph Vollmer (2019–2020) — Member
- Former: Leslye Mitchell-Yancey (2019–2020) — Secretary
- Former: Wendy Timm (2019–2020) — Member
- Former: Melanie A. Crecelius (2020) — Director of Human Resources
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $270K, to Neal Richardson (Chairman/CEO). 7 officers or directors reported compensation on that filing.
Frequently asked questions about St Louis Development Corporation
How much does St Louis Development Corporation give each year?
St Louis Development Corporation gave $12.2M across 19 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $644K across 4 grants.
What is St Louis Development Corporation's typical grant size?
St Louis Development Corporation's median grant in 2025 was $100,000, and its average grant was $641,572, across 19 grants on its 2025 IRS Form 990.
Where does St Louis Development Corporation give grants?
St Louis Development Corporation gives mostly in Missouri: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were St. Louis, MO (19 grants).
Does St Louis Development Corporation give general operating support?
Not in 2025: none of the 19 grants with a stated purpose on St Louis Development Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Recipients on the Down Payment Grant Program" (8 grants) and "Recipient on the Down Payment Grant Program" (5 grants).
Who are St Louis Development Corporation's largest grantees?
St Louis Development Corporation's largest 2025 grantees include LDC Funding 4TH Stlslfrf Grant Batch ($6,600,000), SLDC Arpa Funding for CC Union Trans ($2,018,750) and Nationwide Construction ($1,435,770), according to its 2025 IRS Form 990. Together they received 82% of its itemized 2025 grant dollars.
How large is St Louis Development Corporation?
St Louis Development Corporation reported $52.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $24.0M.
What does St Louis Development Corporation fund?
The organization’s stated mission is to improve the efficiency and effectiveness of the economic development activities of the City of St. Louis, Missouri. See mission & focus areas ↑
How do I apply for a grant from St Louis Development Corporation?
St Louis Development Corporation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is St Louis Development Corporation's EIN?
St Louis Development Corporation's EIN (Employer Identification Number) is 43-1490972. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS February 25, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS March 29, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 11, 2023)
- Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2019–2024
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