Nonprofit · EIN 56-1620516
DREAMKEY PARTNERS INC
Tax-exempt · CHARLOTTE, NC 28217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $27,604,493 | $21,503,397 | $6,101,096 | $152,799,828 | $130,980,815 | $21,819,013 |
| December 31, 2023 | 990 | $25,741,591 | $24,142,645 | $1,598,946 | $126,436,002 | $113,147,760 | $13,288,242 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,216,730
- of which government grants
- $4,260,143
- Program service revenue
- $18,133,354
- Investment income
- $0
- Net income from sales of inventory
- $3,254,409
- Other revenue
- $3,254,409
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $6,994,202
- Salaries, compensation and benefits (total)
- $8,109,093
- Professional fundraising fees
- $0
- Legal fees
- $148,212
- Accounting fees
- $199,389
- Occupancy
- $445,556
- Depreciation
- $2,491,225
- Program services (functional)
- $17,751,843
- Management and general (functional)
- $3,751,554
Balance sheet and other
- Total assets, start of year
- $126,436,002
- Total assets, end of year
- $152,799,828
- Total liabilities, end of year
- $130,980,815
- Net assets, end of year
- $21,819,013
- Land, buildings and equipment
- $60,028,459
- Net assets without donor restrictions
- $20,169,660
- Net assets with donor restrictions
- $1,649,353
- Gross receipts
- $41,350,208
- Employees
- 49
- Volunteers
- 0
- Year formed
- 1988
- State of legal domicile
- NC
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ms Julie A Porter | President Trustee or director, Officer | 40 | $341,173 | $40,412 |
| Mr Fred Dodson Jr | COO / Assistant Secretary Trustee or director, Officer | 40 | $264,372 | $26,610 |
| Mr Daniel Cimaglia | Sr. VP of Real Estate Development Trustee or director, Officer | 40 | $219,910 | $13,735 |
| Ms Karen Batten-Balas | Sr. VP of Development & Co Trustee or director, Officer | 40 | $209,565 | $541 |
| Ms Erin Barbee | Chief Strategy Officer Trustee or director, Officer | 40 | $191,092 | $9,189 |
| Mr Kevin Schrader | CFO / Treasurer Trustee or director, Officer | 40 | $198,956 | $541 |
| Ms Rebekah Baker | Vice-President-Property Trustee or director, Officer | 40 | $180,084 | $11,346 |
| Atty Ticora Davis Esq | Director Trustee or director | 1 | $0 | $0 |
| Dr Stacey Brown PhD | Director Trustee or director | 1 | $0 | $0 |
| Honorable Linwood O Foust | Director Trustee or director | 1 | $0 | $0 |
| Mr AJ Calhoun | Director Trustee or director | 1 | $0 | $0 |
| Mr Dave Kautter | Director Trustee or director | 1 | $0 | $0 |
| Mr David R Finnie | Director Trustee or director | 1 | $0 | $0 |
| Mr Joaquin Soria | Director Trustee or director | 1 | $0 | $0 |
| Mr Kevin Granelli | Director Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mr Ricky Hall | Director Trustee or director | 1 | $0 |
| Mr Sheldon Osborne | Director Trustee or director | 1 | $0 |
| Mr Stephen A Windell | Director Trustee or director | 1 | $0 |
| Mr Winston A Robinson | Director Trustee or director | 1 | $0 |
| Ms Brenda Hayden | Director Trustee or director | 1 | $0 |
| Ms Elizabeth McMillan | Director Trustee or director | 1 | $0 |
| Ms Jacqueline O'Garrow | Director Trustee or director | 1 | $0 |
| Ms Jennifer De La Jara | Director Trustee or director | 1 | $0 |
| Ms Jessica Hindman | Board Chair Trustee or director | 1 | $0 |
| Ms LaToya Faustin | Director Trustee or director | 1 | $0 |
| Ms Rose Thomas-Stoddard | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ms Julie A Porter | President Trustee or director, Officer | 40 | $288,357 | $27,499 |
| Mr Fred Dodson Jr | Chief Operating Officer Trustee or director, Officer | 40 | $237,808 | $24,465 |
| Mr Daniel Cimaglia | Sr. VP of Real Estate Development Trustee or director, Officer | 40 | $210,908 | $19,211 |
| Ms Karen Batten-Balas | Sr. VP of Development & Co Trustee or director, Officer | 40 | $200,988 | $10,197 |
| Mr Kevin Schrader | Chief Financial Officer Trustee or director, Officer | 40 | $188,205 | $10,197 |
| Ms Rebekah Baker | Vice-President-Property Trustee or director, Officer | 40 | $165,364 | $20,119 |
| Ms Erin Barbee | Chief Strategy Officer Trustee or director, Officer | 40 | $165,423 | $8,762 |
| Atty Ticora Davis Esq | Director Trustee or director | 1 | $0 | $0 |
| Dr Stacy Brown PhD | Director Trustee or director | 1 | $0 | $0 |
| Judge Linwood O Foust | Director Trustee or director | 1 | $0 | $0 |
| Mr AJ Calhoun | Director Trustee or director | 1 | $0 | $0 |
| Mr Chris Jackson | Director Trustee or director | 1 | $0 | $0 |
| Mr Dave Kautter | Director Trustee or director | 1 | $0 | $0 |
| Mr David R Finnie | Director Trustee or director | 1 | $0 | $0 |
| Mr Joaquin Soria | Director Trustee or director | 1 | $0 | $0 |
| Mr Kevin Granelli | Director Trustee or director | 1 | $0 | $0 |
| Mr Raymond McGregor | Director Trustee or director | 1 | $0 | $0 |
| Mr Ricky Hall | Director Trustee or director | 1 | $0 | $0 |
| Mr Steve Windell | Director Trustee or director | 1 | $0 | $0 |
| Mr Winston A Robinson | Director Trustee or director | 1 | $0 | $0 |
| Ms Astrid Chirinos | Director Trustee or director | 1 | $0 | $0 |
| Ms Brenda Hayden | Director Trustee or director | 1 | $0 | $0 |
| Ms Elizabeth McMillan | Director Trustee or director | 1 | $0 | $0 |
| Ms Elyse Dashew | Director Trustee or director | 1 | $0 | $0 |
| Ms Jacqueline O'Garrow | Director Trustee or director | 1 | $0 | $0 |
| Ms Jessica Beil Hindman | Board Chair Trustee or director | 1 | $0 | $0 |
| Ms Nicole Baldon | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4601 CHARLOTTE PARK DR STE 350, CHARLOTTE, NC 28217-1920
- In care of
- % JULIE A PORTER
- Principal officer (990 for 2024)
- Julie A Porter, 4601 CHARLOTTE PARK DRIVE STE 350, Charlotte, NC 28217
- Signed the 990
- Julie A Porter, President
- Phone
- (704) 342-0933
- Website
- https://dreamkeypartners.org
- Return prepared by
- Forvis Mazars LLP
Mission
TO PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES.
Program accomplishments
- DREAMKEY PARTNERS, INC. IS A NONPROFIT HOUSING DEVELOPMENT AND FINANCE CORPORATION ORGANIZED IN THE STATE OF NORTH CAROLINA ON JULY 5, 1988 TO EXPAND AFFORDABLE AND WELL-MAINTAINED HOUSING AND PROMOTE STABLE NEIGHBORHOODS FOR LOW AND MODERATE INCOME FAMILIES WITH A CONTINUING INTEREST IN THE ABILITY OF OCCUPANTS TO MORE FULLY ENTER THE ECONOMIC MAINSTREAM. THE STRATEGIES THAT DREAMKEY PARTNERS, INC. HAS ADOPTED TO FULFILL ITS MISSION ARE AS FOLLOWS: REVITALIZING TARGETED INNER CITY NEIGHBORHOODS, DEVELOPING AND MANAGING AFFORDABLE RENTAL PROPERTY, AND PROVIDING HOMEOWNERSHIP OPPORTUNITIES. DREAMKEY PARTNERS, INC. IS DESIGNATED AS A COMMUNITY BASED DEVELOPMENT ORGANIZATION (CBDO) BY THE CITY OF CHARLOTTE.Expenses $17,751,843 · revenue $21,387,763
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 | Not 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
- 56-1620516
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $152,799,828
- Income (IRS master file)
- $41,350,208
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $27,604,493 | $21,503,397 | $152,799,828 | IRS |
| 990 | December 2023 | $25,741,591 | $24,142,645 | $126,436,002 | XML |
| 990 | December 2022 | $81,319,767 | $79,473,799 | $135,173,149 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 56-1620516).
Questions about DREAMKEY PARTNERS INC
- What is the EIN of DREAMKEY PARTNERS INC?
- The employer identification number (EIN) of DREAMKEY PARTNERS INC is 56-1620516.
- Is DREAMKEY PARTNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to DREAMKEY PARTNERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAMKEY PARTNERS INC 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 DREAMKEY PARTNERS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DREAMKEY PARTNERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DREAMKEY PARTNERS INC?
- The 990 for the year ended December 31, 2024 names Julie A Porter.
- Who are the officers and directors of DREAMKEY PARTNERS INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 7 received compensation from the organization, the highest $341,173 (Ms Julie A Porter, President).
- How much revenue does DREAMKEY PARTNERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $27,604,493, expenses of $21,503,397 and total assets of $152,799,828 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Housing and shelter