2022-09-13T10:17:00-00:00 2021-12-31 752341373 Owens & Thurman PC 3112 Sanctuary Drive Cedar Hill TX 751044500 990 2021-01-01 752137179 SOUTH DALLAS FAIR PARK INNERCITY DEVELOPMENT CORPORATION SOUT 2149159900 4907 SPRING AVENUE DALLAS TX 75210 Diane Ragsdale Executive Director 2149159900 2022-09-13 true Diane Ragsdale XXX-XX-XXXX Diccy Thurman CPA P01389708 2149412361 2022-09-13 2 AAL1 IAL1 2021 2023-04-26 12:10:37Z ICDC Diane Ragsdale 4907 Spring Avenue Dallas TX 75210 572833 false X www.icdc.biz X 1986 TX 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. 7 6 8 10 0 395644 346992 228376 197003 -84303 16207 8236 539717 568438 0 0 260309 206345 4034 11228 11228 390054 412953 654397 630526 -114680 -62088 4594606 4514016 2234270 2215768 2360336 2298248 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 of Dallas and to engage in community-based planning and development activities and projects. false false 293800 197003 Economic Development activities include the operation of Spring Plaza Business Complex, a 21,000 sf community-based retail, business and office facility that houses 10 Business Incubator spaces with business coaching services available to develop, launch and/or grow micro-enterprises, and 3 commercial Tenants Prism Health North Texas Pharmacy, Kool Kidz Dental, and Ego Salon. 2 additional commercial buildings house strategic partnerships with Prism Health North Texas 4922 Spring Ave and Dallas College 4915 Brashear. Prism Health North Texas delivers high-quality HIV sexual health services, research, counseling, and more while ensuring that these vital services are affordable to low-to-moderate income households. Dallas College provides access to continuing education courses such as ESL and GED, and training leading to industry recognized certifications such as Certified Logistics Technician, Certified Logistics Associate, and Certified Forklift Operator. Access to training, career coaching and job placement assistance has positively impacted participants economic mobility. 220678 Housing - ICDCs Homeownership Center continues to provide customized, on-on-one counseling and case management to potential first-time homeowners, including pre-purchase and post-purchase education. Although ICDC is a developer of affordable, single-family housing in zip codes 75210 and 75215, buyers are also referred as necessary to other developers beyond these zip cofes. At the close of 2021 ICDC had processed 157 applications from potential first-time homebuyers. Six of these program participants became mortgage ready and completed Dallas Housing Assistance Program DHAP requirements for HUD subsidies. Four of the six participants were referred to other developers to complete their home purchase. Two of the six participants were awaiting completion of homes currently under construction through ICDC. The remaining 151 applicants have been contacted by ICDCs Homeownership Center manager to begin a needs assessment and to develop a 514478 true true false false false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 14 0 true 8 true false false false false false false false false false false false false X 7 6 false false false false false false false true true false false false true true true false true true true false X Diane Ragsdale 2149159900 4907 Spring Avenue Dallas TX 75210 Diane Ragsdale Managing Director, Ex-Officio 040.00 X X 79451 0 5073 Dr Teresa L Jackson President 002.00 X X 0 0 0 Thomas Muhammad Vice President 002.00 X X 0 0 0 Wanda Huckaby Secretary 002.00 X X 0 0 0 Joan Smotzer Treasurer 002.00 X X 0 0 0 Lewis Rhone Sr Assistant Treasurer 002.00 X X 0 0 0 Dr Verdell Marsh Director 001.00 X 0 0 0 79451 5073 false false false 11000 335992 346992 Program Rents and Related Fees 197003 197003 197003 602 602 20000 4395 15605 15605 Insurance proceeds, net 8236 8236 8236 568438 205239 602 0 0 0 0 79451 63561 15890 0 107658 100910 6748 0 5094 4541 553 14142 12367 1775 0 2500 2500 44561 44561 0 11228 11228 0 51721 51721 0 33516 24697 8819 0 0 83878 71878 12000 0 0 1788 1788 22639 20375 2264 0 117806 110696 7110 23592 20176 3416 Dues and publications 4384 4384 Other expenses 21936 20252 1684 Advertising and marketing 4632 4632 0 630526 514478 104820 11228 607233 557554 395478 485685 23091 11024 339 5223994 1764241 3568465 3459753 4594606 4514016 29942 32498 2200878 2179473 3450 3797 2234270 2215768 X 2319818 2069868 40518 228380 2360336 2298248 4594606 4514016 -62088 X false true X true false X 391179 459223 299829 395644 346992 1892867 391179 459223 299829 395644 346992 1892867 1892867 193 179 94 387 602 1455 1894322 1657399 0.99920 0.99960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 1908365 1908365 3265755 1723315 1542440 42861 40926 1935 7013 7013 3459753 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Tenant Deposits 3797 3797 568438 568438 568438 630526 630526 630526 Form 990, Part VI, Section B, Line 11b - The Form 990 was prepared by an independent CPA after completion of the annual audit. It will be reviewed and approved by the Executive Director, Controller, and finance committee, and then circulated to all members of the governing body. Form 990, Part VI, Section B, Line 12c - The organization obtains annual conflict of interest statements to regularly and consistently monitor and enforce compliance with the written conflict of interest policy. Form 990, Part VI, Section B, Line 15 - Compensation of the Executive Director is reviewed and approved by the Board of Directors. Compensation for other employees is discussed informally at the Board level as part of the budget process and approved by the Executive Director. Form 990, Part VI, Section C, Line 19 - The organization will make its governing documents, conflict of interest policy, and financial statements available to the public upon request.