South Dallas Fair Park Innercity Community Development Corporation
- Assets
- $4.6m
- Revenue
- $539.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Dallas, TX
- Founding
- 12/1986
- Data as of
- 12/2020
- EIN
- 75-2137179
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 12/2020, Icdc employed 5 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 12/2020, Icdc generated $539.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $654.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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 HOUSING 10 BUSINESS INCUBATOR SPACES WITH BUSINESS COACHING SERVICES AVAILABLE TO DEVELOP, LAUNCH AND/OR GROW MICRO-ENTERPRISES COMMERCIAL TENANTS, INCLUDING PRISM HEALTH NORTH TEXAS AT 4922 SPRING AVE PROVIDING STATE OF THE ART MEDICAL CARE, RESEARCH, COUNSELING AND MORE, WITH ITS NEIGHBORHOOD PHARMACY THE HOMEOWNERSHIP CENTER CLASSROOM FACILITIES AND THE HEADQUARTERS OF ICDC. THE SOUTH DALLAS TRAINING CENTER AT 4915 BRASHEAR IS 5,979 SF DEDICATED AS A WORKPLACE DEVELOPMENT TRAINING SITE IN PARTNERSHIP WITH DALLAS COUNTY COMMUNITY COLLEGE DISTRICT PROVIDING ACCESS TO SHORT-TERM TRAINING AND CAREER OPPORTUNITIES FOR AREA RESIDENTS WITH TRAINING IN ESL, GED, CONSTRUCTION, CLOUD SUPPORT ENGINEER, OFFICE GENERALIST, LOGISTICS AND MASONRY.
HOUSING PROGRAM ACTIVITIES ARE CONDUCTED THROUGH THE ICDC HOMEOWNERSHIP CENTER, WHICH IN 2020 COMPLETED THE CONSTRUCTION AND SALE OF FIVE 5 AFFORDABLE HOMES. AT YEAR END 2020 2 HOMES WERE UNDERGOING CONSTRUCTION AND 1 CONTRACT WAS PENDING. DURING 2020 THE HOME OWNERSHIP CENTER HAD 144 TELEPHONE/INTERNET INQUIRIES, COUNSELED 20 NEW AND 116 EXISTING CLIENTS, PROVIDING 52 ONE ON ONE COUNSELING HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Ragsdale Managing Director, Ex-Officio | OfficerTrustee | 40 | $144,463 |
Dr Teresa L Jackson President | OfficerTrustee | 2 | $0 |
Thomas Muhammad Vice President | OfficerTrustee | 2 | $0 |
Joan Smotzer Treasurer | OfficerTrustee | 2 | $0 |
Wanda Huckaby Secretary | OfficerTrustee | 2 | $0 |
Lewis Rhone Sr Assistant Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A2z Consulting Llc Construction/building | 12/30/16 | $395,268 |
Nickerson Construction Co Construction/building | 12/30/16 | $258,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $333,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,644 |
| Total Program Service Revenue | $228,376 |
| Investment income | $387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$84,690 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $539,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,463 |
| Compensation of current officers, directors, key employees. | $14,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,883 |
| Payroll taxes | $27,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,034 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,362 |
| Advertising and promotion | $0 |
| Office expenses | $25,358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,687 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $836 |
| Interest | $43,497 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,659 |
| Insurance | $25,359 |
| All other expenses | $0 |
| Total functional expenses | $654,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $607,233 |
| Savings and temporary cash investments | $395,478 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,091 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $339 |
| Net Land, buildings, and equipment | $3,568,465 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,594,606 |
| Accounts payable and accrued expenses | $29,942 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,200,878 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,450 |
| Total liabilities | $2,234,270 |
| Net assets without donor restrictions | $2,319,818 |
| Net assets with donor restrictions | $40,518 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,594,606 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that South Dallas Fair Park Innercity Community Development Corporation has recieved totaling $134,443.
| Awarding Organization | Amount |
|---|---|
Green Mountain Energy Sun Club Princeton, NJ PURPOSE: 50.8kW Rooftop solar array installation to offset 78% of energy needs | $129,438 |
| $5,000 | |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Health Presbyterian Hospital Kaufman Kaufman, TX | $17,114,303 | $46,511,695 |
Crossroads Housing Development Corporation Big Spring, TX | $1,430,723 | $31,698,100 |
Foundation Communities Inc Austin, TX | $201,792,213 | $44,085,347 |
Austin Affordable Housing Corporation Austin, TX | $189,492,836 | $40,972,198 |
Foundation Communities Austin, TX | $78,215,940 | $25,689,954 |
Tcc Hill Country Development Corporation Austin, TX | $11,234,408 | $22,073,361 |
Provident Commonwealth Education Resources Baton Rouge, LA | $142,254,594 | $7,390,935 |
Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
Houston Habitat For Humanity Inc Houston, TX | $36,979,256 | $11,315,347 |
Avenue Community Development Coporation Houston, TX | $81,189,118 | $11,542,239 |
Habitat For Humanity International Inc Fort Worth, TX | $28,701,953 | $17,323,879 |
Habitat For Humanity Of San Antonio Inc San Antonio, TX | $33,828,773 | $14,274,594 |