Nonprofit · EIN 75-2137179
SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · DALLAS, TX 75210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $561,948 | $695,421 | -$133,473 | $4,586,720 | $2,164,771 | $2,421,949 |
| December 31, 2024 | 990 (amended) | $614,749 | $683,491 | -$68,742 | $4,739,863 | $2,184,441 | $2,555,422 |
| December 31, 2023 | 990 | $798,606 | $658,049 | $140,557 | $4,849,390 | $2,225,226 | $2,624,164 |
| December 31, 2021 | 990 | $568,438 | $630,526 | -$62,088 | $4,514,016 | $2,215,768 | $2,298,248 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $346,904
- Program service revenue
- $197,583
- Investment income
- $17,461
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $79,917
- Other salaries and wages
- $123,050
- Salaries, compensation and benefits (total)
- $226,395
- Professional fundraising fees
- $24,973
- Accounting fees
- $40,373
- Occupancy
- $72,515
- Depreciation
- $136,253
- Program services (functional)
- $584,736
- Management and general (functional)
- $78,910
- Fundraising (functional)
- $31,775
Balance sheet and other
- Total assets, start of year
- $4,739,863
- Total assets, end of year
- $4,586,720
- Total liabilities, end of year
- $2,164,771
- Net assets, end of year
- $2,421,949
- Land, buildings and equipment
- $3,312,723
- Publicly traded securities
- $451,030
- Net assets without donor restrictions
- $1,771,822
- Net assets with donor restrictions
- $650,127
- Gross receipts
- $561,948
- Employees
- 8
- Volunteers
- 12
- Year formed
- 1986
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rev Billy Lane | Executive Director Officer | 40 | $79,917 | $2,485 |
| Dr Teresa L Jackson | President Trustee or director, Officer | 2 | $0 | $0 |
| Wanda Huckaby | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Joan Smotzer | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Lewis Rhone | Assistant Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jessica Jolly | Recording Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Dr Verdell Marsh | Parliamentarian Trustee or director, Officer | 2 | $0 | $0 |
| Jarie Bradley | Director Trustee or director | 1 | $0 | $0 |
| Stonie Arbuckle | Director Trustee or director | 1 | $0 | $0 |
| Stuart Campbell | Director Trustee or director | 1 | $0 | $0 |
| Tracy Forbs | Director Trustee or director | 1 | $0 | $0 |
| Chris Leal | Director Trustee or director | 1 | $0 | $0 |
| Danyell Wells | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rev Billy Lane | Executive Director Officer | 40 | $77,750 | $11,016 |
| Dr Teresa L Jackson | President Trustee or director, Officer | 2 | $0 | $0 |
| Wanda Huckaby | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Joan Smotzer | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Lewis Rhone | Assistant Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jessica Jolly | Recording Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Dr Verdell Marsh | Parliamentarian Trustee or director, Officer | 2 | $0 | $0 |
| Jarie Bradley | Director Trustee or director | 1 | $0 | $0 |
| Stonie Arbuckle | Director Trustee or director | 1 | $0 | $0 |
| Stuart Campbell | Director Trustee or director | 1 | $0 | $0 |
| Tracy Forbs | Director Trustee or director | 1 | $0 | $0 |
| Chris Leal | Director Trustee or director | 1 | $0 | $0 |
| Danyell Wells | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rev Billy Lane | Executive Director Officer | 40 | $75,800 | $9,281 |
| Dr Teresa L Jackson | President Trustee or director, Officer | 2 | $0 | $0 |
| Wanda Huckaby | Interim Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Joan Smotzer | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Lewis Rhone | Assistant Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jessica Jolly | Recording Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Dr Verdell Marsh | Director Trustee or director | 1 | $0 | $0 |
| Jarie Bradley | Director Trustee or director | 1 | $0 | $0 |
| Stonie Arbuckle | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2021: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Diane Ragsdale | Managing Director, Ex-Officio Trustee or director, Officer | 40 | $79,451 | $5,073 |
| Dr Teresa L Jackson | President Trustee or director, Officer | 2 | $0 | $0 |
| Thomas Muhammad | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Wanda Huckaby | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Joan Smotzer | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Lewis Rhone Sr | Assistant Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Dr Verdell Marsh | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4907 SPRING AVE, DALLAS, TX 75210-1360
- Principal officer (990 for 2025)
- Billy Lane, 4907 Spring Avenue, Dallas, TX 75210
- Signed the 990
- Billy Lane, Executive Director
- Phone
- (214) 915-9900
- Website
- www.icdc.biz
- Return prepared by
- Owens & Thurman PC
Mission
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.
Program accomplishments
- ICDCs Housing and 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 2025 our Community Impact focused on Building Lives and Revitalizing Neighborhoods. ICDC serves the South Dallas/Fair Park community through a systems-level approach integrating affordable homeownership, homeowner stabilization, workforce development, small business support, and neighborhood revitalization. Our work is place-based, community rooted, and results drived - expanding generational wealth where historic barriers have limited opportunity.Expenses $584,736 · revenue $197,583
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2137179
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $4,586,720
- Income (IRS master file)
- $561,948
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $561,948 | $695,421 | $4,586,720 | XML |
| 990 | December 2024 | $614,749 | $683,491 | $4,739,863 | XML |
| 990 | December 2023 | $798,606 | $658,049 | $4,849,390 | XML |
| 990 | December 2022 | $932,207 | $746,848 | $4,712,516 | IRS |
| 990 | December 2021 | $568,438 | $630,526 | $4,514,016 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2137179).
Questions about SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION is 75-2137179.
- Is SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names Billy Lane.
- Who are the officers and directors of SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $79,917 (Rev Billy Lane, Executive Director).
- How much revenue does SOUTH DALLAS FAIR PARK INNERCITY COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $561,948, expenses of $695,421 and total assets of $4,586,720 at year end.
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