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Southfair Community Development Corporation

EIN 75-2399684 · Dallas, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak47 out of 100GovernanceFair65 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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

Income
$560,111
Spending
$518,153
Spent on programs
97%
Reserves
-9.7 months of spending
Largest source of income
fees for its services, 65%
Employees
6
Highest pay
$85,168, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 47 out of 100. Higher than 43% of charities in its peer group (housing, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 79% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 7% of income.

  • Income trend

    15 of 15

    Income rose 17% on the year before.

  • Spending floor

    15 of 15

    97% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 65 out of 100. Higher than 24% of charities in its peer group (housing, $250k to $1m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $501,987 spent. 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. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1993.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.