2024-06-05T05:19:47-00:00 2023-12-31 752341373 Owens & Thurman PC 3112 Sanctuary Drive Cedar Hill TX 751044500 990 2023-01-01 752137179 SOUTH DALLAS FAIR PARK INNERCITY DEVELOPMENT CORPORATION SOUT 2149159900 4907 SPRING AVENUE DALLAS TX 75210 Billy Lane Executive Director 2149159900 2024-06-05 true Billy Lane XXX-XX-XXXX true Diccy Thurman CPA P01389708 2149412361 2024-06-05 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ICDC Billy Lane 4907 Spring Avenue Dallas TX 75210 798606 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. 8 8 6 16 0 630315 580048 202448 209983 99444 8575 0 932207 798606 0 0 263999 200731 27751 27118 27118 455098 430200 746848 658049 185359 140557 4712516 4849390 2228909 2225226 2483607 2624164 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 248665 209983 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. 268630 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. 517295 true true false false false false false false false false true false false false true false true false false false false false 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 true 13 0 true 6 true false false false false false false false false false false false false X 8 8 false false false false false false false true true false false false true true true false true true true false X Billy Lane Executive Director 2149159900 4907 Spring Avenue Dallas TX 75210 Rev Billy Lane Executive Director 040.00 X 75800 0 9281 Dr Teresa L Jackson President 002.00 X X 0 0 0 Wanda Huckaby Interim Vice President 002.00 X X 0 0 0 Joan Smotzer Treasurer 002.00 X X 0 0 0 Lewis Rhone Assistant Treasurer 002.00 X X 0 0 0 Jessica Jolly Recording Secretary 002.00 X X 0 0 0 Dr Verdell Marsh Director 001.00 X 0 0 0 Jarie Bradley Director 001.00 X 0 0 0 Stonie Arbuckle Director 001.00 X 0 0 0 75800 9281 false false false 580048 580048 Program Rents and Related Fees 531120 209983 209983 209983 8575 8575 798606 209983 8575 0 0 0 0 75800 68220 7580 0 101342 81010 20332 1594 1343 251 8106 6829 1277 13889 11700 2189 0 344 344 40683 40683 0 27118 27118 0 46968 46365 603 0 27140 23410 3730 0 0 76262 62312 13950 0 0 4940 4918 22 22724 22724 0 136253 127097 9156 23906 20112 3794 Dues and publications 7038 6334 704 Other expenses 5677 3777 1900 Advertising and marketing 14750 7285 7465 Security 23515 23515 0 658049 517295 113636 27118 722481 819240 556656 665900 5600 1600 96 64 5392534 2029948 3427683 3362586 4712516 4849390 66317 67699 2158395 2149097 4197 8430 2228909 2225226 X 2036822 2222004 446785 402160 2483607 2624164 4712516 4849390 140557 X false true X true false X 299829 395644 346992 630315 580048 2252828 299829 395644 346992 630315 580048 2252828 2252828 94 387 602 1157 8575 10815 2263643 1274706 0.99520 0.99890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 1930040 1930040 3376734 1987431 1389303 49205 42517 6688 36555 36555 3362586 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Tenant Deposits and prepaid rent 8430 8430 798606 798606 798606 658049 658049 658049 X X X X true Cobbie Ransom III 1304 Birkenhead CT Dallas TX 75204 false 14317 Wana Alwalee 613 Via Miramonte Mesquite TX 75150 false 12800 27117 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.