SOUTHFAIR COMMUNITY DEVELOPMENT CO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

ZAINCORIE TAYLOR-SMITH

Phone

2144211363

Tax Period

2024-01-01 to 2024-12-31

SOUTHFAIR COMMUNITY DEVELOPMENT CORP, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $560K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $518K left a modest 7% surplus.

Mission

SOUTHFAIR CDC SEEKS TO ACQUIRE, DEVELOP, REHABILITATE, CONSTRUCT, AND PRESERVE DECENT AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $501,987 Revenue: $363,559

RENTAL PROPERTY OPERATIONS - PROVIDES OVERSIGHT FOR THE DEVELOPMENT AND REHABILITATION OF MULTI-FAMILY HOUSING IN THE SOUTH DALLAS/FAIR PARK AREA OF DALLAS IN ACCORDANCE WITH THE MASTER PLAN. THIS...

RENTAL PROPERTY OPERATIONS - PROVIDES OVERSIGHT FOR THE DEVELOPMENT AND REHABILITATION OF MULTI-FAMILY HOUSING IN THE SOUTH DALLAS/FAIR PARK AREA OF DALLAS IN ACCORDANCE WITH THE MASTER PLAN. THIS INCLUDES THE OPERATION OF TWO MULTI-FAMILY AFFORDABLE HOUSING DEVELOPMENTS AND PROVIDING AFFORDABLE HOUSING OF 22 RESIDENTIAL UNITS AND ONE COMMERCIAL PROPERTY USED AS A HEALTH CARE CENTER. HOUSING AND COMMUNITY DEVELOPMENT - INCLIDES VARIOUS PROGRAMS FOR THE DEVELOPMENT OF SINGLE FAMILY HOUSING AND ACTIVITIES DESIGNED TO FOSTER AFFORDABLE HOUSING AND REVITALIZE NEIGHBORHOODS. SOUTHFAIR CDC HAS COMPLETED A DEVELOPMENT OF 30 AFFORDABLE SINGLE FAMILY HOMES, OPERATED A RENT TO OWN PROGRAM FOR PROSPECTIVE HOME BUYERS, INCREASED MARKETING THROUGH THE USE OF CITY OF DALLAS GRANTS, AND MADE SUBSTANTIAL PROGRESS ON CONSTRUCTION OF THE REMAINING HOUSES IN THE DEVELOPMENT. SOUTHFAIR CDC SOLD THREE HOUSES IN 2021 AND COMPLETED CONSTRUCTION OF THREE HOUSES. SOUTHFAIR CDC CONTINUED PRE DEVELOPMENT WORK ON TOWNHOMES AT MALCOLM'S POINT AND MALCOLM'S POINT RETAIL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $196,552

Program Service Revenue $363,559

Investment Income $0

Other Revenue $0

TOTAL REVENUE $560,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,153

Fundraising Expenses $0

Program Expenses $501,987

Other Expenses $306,000

TOTAL EXPENSES $518,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$560,111	$479,559	+0.2%
Expenses	$518,153	$517,634	+0.0%
Net Income	$41,958	$-38,075	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$85,168

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNIE EVANS	EXECUTIVE DI	40.00	Director	$85,168	$0	$85,168
AZU AGADA	MEMBER	0.75	Director	$0	$0	$0
ROY ANDY	VICE CHAIRMA	0.75	Director	$0	$0	$0
HOSHI BROOKS	MEMBER	0.75	Director	$0	$0	$0
HARRY ROBINSON JR	BOARD EMERTI	0.75	Director	$0	$0	$0
JAMEY KIRBY	MEMBER	0.75	Director	$0	$0	$0
DERRICK NUTALL	SECRETARY	0.75	Director	$0	$0	$0
RUTH O'QUINN	MEMBER	0.75	Director	$0	$0	$0
LASHARLA RICHARDSON	ADVISORY BOA	0.75	Director	$0	$0	$0
TIM SCOTT	ADVISORY BOA	0.75	Director	$0	$0	$0
LAKISHA STARKS	ADVISORY BOA	0.75	Director	$0	$0	$0
ZAINCORIE TAYLOR-SMITH	TREASURER	0.75	Director	$0	$0	$0
MELISSA VAUGHN	ADVISORY BOA	0.75	Director	$0	$0	$0
MARIAN WILLIAMS	CHAIRWOMAN	1.50	Director	$0	$0	$0
KARL ZAVITKOVSKY	ADVISORY BOA	0.75	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$560,111	$518,153	$1,697,871	$41,958
2023	$479,559	$517,634	$1,571,726	$-38,075
2022	$461,515	$526,706	$1,434,542	$-65,191
2021	$588,158	$529,870	$1,427,042	$58,288
2020	$424,410	$475,427	$1,760,644	$-51,017
2019	$611,180	$458,699	$1,498,685	$152,481
2018	$478,012	$433,527	$1,966,098	$44,485

SOUTHFAIR COMMUNITY DEVELOPMENT CORP