Nonprofit · EIN 85-0504777
DREAM-LIVE-HOPE FOUNDATION
Tax-exempt · INGLEWOOD, CA 90301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $943,875 | $655,820 | $288,055 | $417,686 | $8,582 | $409,104 |
| December 31, 2023 | 990 (amended) | $298,425 | $286,438 | $11,987 | $122,880 | $8,581 | $114,299 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $943,864
- of which government grants
- $675,274
- Program service revenue
- $0
- Investment income
- $11
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $68,519
- Other salaries and wages
- $176,894
- Salaries, compensation and benefits (total)
- $296,620
- Professional fundraising fees
- $0
- Legal fees
- $7,600
- Accounting fees
- $2,690
- Travel
- $349
- Depreciation
- $8,027
- Program services (functional)
- $613,113
- Management and general (functional)
- $42,707
Balance sheet and other
- Total assets, start of year
- $122,880
- Total assets, end of year
- $417,686
- Total liabilities, end of year
- $8,582
- Net assets, end of year
- $409,104
- Land, buildings and equipment
- $131,012
- Net assets without donor restrictions
- $409,104
- Gross receipts
- $943,875
- Employees
- 3
- Year formed
- 2020
- State of legal domicile
- CA
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 |
|---|---|---|---|
| KEVIN WATERS | President Trustee or director | 25 | $68,519 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN WATERS | President Trustee or director | 25 | $52,083 |
Address and contacts
- Address (IRS master file)
- 340 E KELSO ST, INGLEWOOD, CA 90301-2703
- In care of
- % KEVIN C WATERS
- Mailing address (990-N for 2020)
- 13216 Casimir Ave, Gardena CA 90249
- Principal officer (990 for 2024)
- KEVIN WATERS, 340 E KELSO ST, INGLEWOOD, CA 90301
- Principal officer (990-N for 2020)
- Kevin Waters, 13216 Casimir Avenue, Gardena CA 90249
- Signed the 990
- KEVIN WATERS, President
- Phone
- (310) 714-7234
- Return prepared by
- LGP CPAS
California records
California keeps its own records of charities and corporations. Search them by EIN 85-0504777 or by the name DREAM-LIVE-HOPE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
PROVIDE HOUSING AND EMPLOYMENT SERVICES
Program accomplishments
- OPERATING TWO ON-SITE HOUSING PROJECTS (APPROX 85%). PROVIDE EMPLOYMENT COUNSELING AND CERTIFCATE TRAINING (APPROX 15%).Expenses $613,113 · grants $675,274
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
- 85-0504777
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $417,686
- Income (IRS master file)
- $943,875
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $943,875 | $655,820 | $417,686 | XML |
| 990 | December 2023 | $298,425 | $286,438 | $122,880 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: Kevin Waters | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-0504777).
Questions about DREAM-LIVE-HOPE FOUNDATION
- What is the EIN of DREAM-LIVE-HOPE FOUNDATION?
- The employer identification number (EIN) of DREAM-LIVE-HOPE FOUNDATION is 85-0504777.
- Is DREAM-LIVE-HOPE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to DREAM-LIVE-HOPE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM-LIVE-HOPE FOUNDATION 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 DREAM-LIVE-HOPE FOUNDATION 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 DREAM-LIVE-HOPE FOUNDATION 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 DREAM-LIVE-HOPE FOUNDATION?
- The 990 for the year ended December 31, 2024 names KEVIN WATERS.
- Who are the officers and directors of DREAM-LIVE-HOPE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $68,519 (KEVIN WATERS, President).
- How much revenue does DREAM-LIVE-HOPE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $943,875, expenses of $655,820 and total assets of $417,686 at year end.
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