South Dallas Fair Park Innercity Community Development Corporation

Organization Overview

South Dallas Fair Park Innercity Community Development Corporation, operating under the name Icdc, is located in Dallas, TX. The organization was established in 1986. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Icdc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Icdc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Icdc generated $798.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $658.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ICDC WAS FORMED FOR THE PURPOSE OF PROMOTING THE EXPANSION OF ADEQUATE, AFFORDABLE NEIGHBORHOOD HOUSING AND EMPLOYMENT OPPORTUNITIES FOR LOW AND MODERATE INCOME RESIDENTS OF THE SOUTH DALLAS/FAIR PARK AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ECONOMIC DEVELOPMENT ACTIVITIES INCLUDE THE OPERATION OF SPRING PLAZA BUSINESS COMPLEX, A 21,000 SF COMMUNITY-BASED RETAIL, BUSINESS AND OFFICE FACILITY THAT HOUSES SMALL BUSINESS INCUBATOR SPACES WITH COACHING SERVICES AVAILABLE TO DEVELOP, LAUNCH AND/OR GROW MICRO-ENTERPRISES, AND COMMERCIAL TENANTS, ALONG WITH 2 ADDITIONAL COMMERCIAL BUILDINGS HOUSING STRATEGIC PARTNERSHIPS THAT 1 DELIVER HIGH-QUALITY HEALTH SERVICES THAT ARE AFFORDABLE TO LOW-TO-MODERATE INCOME HOUSEHOLDS, AND 2 PROVIDE ACCESS TO CONTINUING EDUCATION AND TRAINING TO POSITIVELY IMPACT PARTICIPANTS ECONOMIC MOBILITY. DURING 2023 ICDC DEVELOPED A PARTNERSHIP WITH DALLAS INNOVATION ALLIANCE OFFERING A DIGITAL LAB AND ONE-ON-ONE TECHNICAL SERVICES, PARTNERED WITH BONTON FARMS TO INCREASE FOOD ACCESS USING OUR HEADQUARTERS AS A DISTRIBUTION CENTER FOR ONLINE GROCERY ORDERS FULFILLED DIRECTLY BY KROGER, LAUNCHED A LINKEDIN CLINIC TO HELP RESIDENTS ENHANCE THEIR PROFESSIONAL PROFILES WITH HANDS-ON ASSISTANCE WITH JOB SEARCH AND CAREER DEVELOPMENT, AND REVAMPED APPROACH TO PROVIDE ON-SITE SUPPORT TO SMALL BUSINESSES.


HOUSING - ICDCS HOMEOWNERSHIP CENTER PROVIDES CUSTOMIZED, ON-ON-ONE COUNSELING AND CASE MANAGEMENT TO POTENTIAL FIRST-TIME HOMEOWNERS, INCLUDING PRE-PURCHASE AND POST-PURCHASE EDUCATION, AND REFERS AS NECESSARY TO OTHER DEVELOPERS. DURING 2023 ICDC LAUNCHED ITS FIRST AFFORDABLE HOMEOWNERSHIP PROJECT THAT EMPHASIZES DENSITY. MILL CITY TOWNHOMES WILL FEATURE 8 SINGLE-FAMLY ATTACHED UNITES ACROSS 2 BUILDINGS ON A 1.1 ACRE LOT. THIS APPROACH PROVIDES MORE AFFORDABLE UNITS AMID RISING LAND COSTS. THE HOMEBUYERS CONNECTION IN 2023 ENGAGED 80 RESIDENTS IN A HOMEBUYERS FAIR AND HOSTED FIRST-TIME HOMEBUYER WORKSHOPS, LEADING TO 29 COMPLETED MORTGAGE LOAN APPLICATIONS. ICDC ALSO ENTERED DISCUSSION WITH TREC AND OTHER CDCS TO EXPLORE COMMUNITY LAND TRUSTS THAT HELP KEEP HOUSING UNITS AFFORDABLE OVER TIME AND ENSURE COMMUNITY STABILITY, AND THROUGH THE DALLAS HOUSING COALITION JOINED WITH OVER 180 ORGANIZATIONS TO RAISE AWARENESS ABOUT THE IMPORTANCE OF AFFORDABLE HOUSING AND ADVOCATD FOR GREATER INVESTMENT IN THIS AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Rev Billy Lane
Executive Director
$75,800
Dr Teresa L Jackson
President
$0
Wanda Huckaby
Interim Vice President
$0
Joan Smotzer
Treasurer
$0
Lewis Rhone
Assistant Treasurer
$0
Jessica Jolly
Recording Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
A2z Consulting Llc
Construction/building
$395,268
Nickerson Construction Co
Construction/building
$258,457
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$580,048
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$580,048
Total Program Service Revenue$209,983
Investment income $8,575
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $798,606

Peer Organizations

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Austin, TX
$88,121,465
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$61,957,926
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Provident Commonwealth Education Resources Ii
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Housing And Community Services Inc
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$24,994,881
Avenue Community Development Coporation
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$11,542,239
Habitat For Humanity International Inc
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$19,908,085
Front Steps Inc
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$9,800,885
Affordable Homes Of South Texas Inc
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$9,808,440
Mccalls Community Homes Inc
Ada, OK
$9,810,630
New Orleans Area Habitat For Humanity Inc
New Orleans, LA
$7,307,377
Operation Finally Home
New Braunfels, TX
$7,323,776
Volunteers Of Victoria Inc
Victoria, TX
$6,672,525
Crossroads Lousiana Inc
New Orleans, LA
$7,271,264
Casas Por Cristo
El Paso, TX
$7,046,735
Brownsville Housing Opportunity Corporation
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$7,777,710
American Heritage Apartments Inc
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$4,069,211
Hope Housing Foundation
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$2,782,264

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