Overview
What is South Dallas Fair Park Innercity Development Corporation?
The South Dallas Fair Park Innercity Development Corporation (ICDC) is a nonprofit organization situated in Dallas, Texas, specifically at 4907 Spring Avenue. Its primary mission is to foster the growth of affordable neighborhood housing and employment opportunities for the city's low-to-moderate income residents. To achieve this, ICDC operates the Spring Plaza Business Complex, a 21,000-square-foot facility housing small business incubators, commercial tenants, and a micro-enterprise support program. The organization also collaborates with strategic partners to deliver affordable health services and provide continuing education and training. In 2022, ICDC took significant environmental justice steps by installing a 50.8kW solar panel array, aiming to alleviate energy consumption contributing to heat islands. Furthermore, ICDC launched an initiative to identify and mentor micro-enterprise owners in South Dallas/Fair Park, aiming to help them expand their businesses. Overall, ICDC's activities aim to empower the local community and contribute to its economic growth.
Official website here: www.icdc.biz
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The South Dallas Fair Park Innercity Development Corporation has received a strong rating, reflecting its solid performance in accountability and finance. With a score of 92%, the organization has demonstrated a commitment to maintaining high standards in governance, indicated by its fully independent board and comprehensive financial oversight measures. This high accountability score is supported by a lack of material diversion of assets and a robust program expense ratio of over 80%, suggesting that a significant portion of its funding is directed toward its programs.
The organization has implemented effective policies such as a conflict of interest policy and document retention practices, contributing to its transparency. However, it is noted that the whistleblower policy is currently missing, which could be a point for improvement in its governance framework.
Overall, the South Dallas Fair Park Innercity Development Corporation stands out for its strong financial health and emphasis on accountability, making it a trustworthy organization for potential donors and supporters. The areas for improvement, particularly the establishment of a whistleblower policy, indicate a pathway for enhancing its governance practices further.
This AI summary has been generated from information found on Charity Navigator.
Is South Dallas Fair Park Innercity Development Corporation legitimate?
South Dallas Fair Park Innercity Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Dallas Fair Park Innercity Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $127,133
Professional Fundraising Fees: $27,751
Other Salaries and Wages: $111,161
For more financial information, click here
Official website here: www.icdc.biz
What is the mission statement of South Dallas Fair Park Innercity Development Corporation?
The South Dallas Innercity Development Corporation (ICDC) was established with a mission to promote the growth of affordable housing and employment opportunities for low and moderate-income individuals. This organization engages in community-based planning and development projects with a focus on expanding these resources within the specified community. In addition to this, ICDC operates a community retail facility, Spring Plaza Business Complex, which offers incubator spaces for small businesses and strategic partnerships that provide affordable healthcare services and continuing education opportunities. Furthermore, ICDC launched an initiative in 2022 to support micro-enterprise owners in the area, offering mentoring with business bankers to help them grow. Additionally, ICDC began using renewable energy on its campus, installing a 50.8kW solar panel array, as part of its environmental justice efforts.
Official website here: www.icdc.biz
Who is the CEO of South Dallas Fair Park Innercity Development Corporation?
Billy Lane is the Executive Director of South Dallas Fair Park Innercity Development Corporation.
Official website here: www.icdc.biz
What is the revenue of South Dallas Fair Park Innercity Development Corporation?
South Dallas Fair Park Innercity Development Corporation's revenue in 2022 was $932,207.
Official website here: www.icdc.biz
Who are the executives of South Dallas Fair Park Innercity Development Corporation and what are their salaries?
The average compensation at South Dallas Fair Park Innercity Development Corporation during 2022 was $39,716. There are 6 employees and 16 volunteers at South Dallas Fair Park Innercity Development Corporation.
Here are 8 key members and their salaries:
- Compensation: $75,700
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- Other: $0
- Compensation: $51,433
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.icdc.biz
Where can I find the form 990 for South Dallas Fair Park Innercity Development Corporation?
South Dallas Fair Park Innercity Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.icdc.biz
Learn more at the official website: www.icdc.biz
Mission Statement of South Dallas Fair Park Innercity Development Corporation
South Dallas Fair Park Innercity Development Corporation, or ICDC, was established with a mission to promote the growth of affordable housing and employment opportunities for low and moderate-income residents in specific areas of Dallas. This nonprofit organization is dedicated to engaging in community-based planning and development projects. One of their significant economic development activities includes operating the Spring Plaza Business Complex, a retail, business, and office facility that houses small business incubators with coaching services for micro-enterprise development. Additionally, ICDC collaborates with strategic partners to deliver affordable health services and provide continuing education and training programs, aiming to positively impact participants' economic mobility. Recently, ICDC has taken steps towards environmental justice by installing a 50.8kW solar panel array, reducing energy consumption and contributing to alleviating heat islands. Moreover, ICDC launched an initiative in 2022 to identify and support micro-enterprise owners operating in South Dallas/Fair Park, providing them with mentoring services from business bankers to help grow their businesses.
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Impact
July, 2024
The South Dallas Fair Park Innercity Development Corporation has made a significant impact in the South Dallas/Fair Park area by promoting the expansion of adequate, affordable neighborhood housing and employment opportunities for low and moderate-income residents. Through its economic development activities, including the operation of Spring Plaza Business Complex and the provision of coaching services for small business incubators, ICDC has facilitated the growth of micro-enterprises and supported commercial tenants. Additionally, ICDC's strategic partnerships have enabled the delivery of high-quality health services and access to continuing education and training, positively impacting participants' economic mobility.
In 2022, ICDC furthered its impact by initiating the use of renewable energy on its campus, with a new solar panel array that will help reduce energy consumption and contribute to environmental justice efforts. Furthermore, ICDC launched an initiative to identify and mentor micro-enterprise owners in South Dallas/Fair Park, facilitating their growth and success in the local business community. Overall, ICDC's mission to promote affordable housing and economic opportunities has had a tangible and positive effect on the community, making a difference in the lives of residents in the South Dallas/Fair Park area.
This information is meant to be a general summary of South Dallas Fair Park Innercity Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $99,444
- Program Service Revenue: $202,448
- Gross Receipts: $1,293,920
Assets and Liabilities:
- Total Assets: $4,712,516
- Total Liabilities: $2,228,909
- Net Assets: $2,483,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Rents and Related Fees
Revenue
$202,448
Organization Details
Founding Year
1986
Phone
(214) 915-9900Principal Officer
Billy Lane
Main Address
4907 SPRING AVENUE, DALLAS, TX, 75210
Website
www.icdc.bizNTEE Category
Code: L20Z - Housing
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