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← DREAMS FOR CHANGE INC

Form 990 for tax year 2023

Filed by DREAMS FOR CHANGE INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 10 October 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$3,277,420 changed to $3,153,656
Total expenses
$2,535,371 changed to $2,624,156
Contributions and grants received
$2,998,706 changed to $2,874,942
Total assets, end of year
$1,357,859 changed to $1,398,549
Total liabilities, end of year
$167,646 changed to $288,002
Net assets or fund balances, end of year
$1,190,213 changed to $1,110,547
Program services expenses
$2,377,242 changed to $2,419,275
Management and general expenses
$126,838 changed to $173,590
Program service expenses (Part III)
$2,377,242 changed to $2,419,275

Totals

Total revenue
$3,277,420
Total expenses
$2,535,371
Contributions and grants received
$2,998,706
Grants paid
$0
Program service revenue
$245,197
Investment income
$33,517
Other revenue
$0
Total assets, end of year
$1,357,859
Total liabilities, end of year
$167,646
Net assets or fund balances, end of year
$1,190,213
Program services expenses (Part IX)
$2,377,242
Management and general expenses
$126,838
Fundraising expenses
$31,291
Program service expenses (Part III)
$2,377,242

Program services were 93.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $2,577,862

  • 1f · All other contributions, gifts and grants

    $420,844

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Meal Service

    total $245,197 · related or exempt $245,197 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $33,517 · related or exempt $33,517 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $258,414 · program services $181,214 · management and general $50,864 · fundraising $26,336

  • 7 · Other salaries and wages

    total $1,413,990 · program services $1,413,990

  • 9 · Other employee benefits

    total $50,862 · program services $46,450 · management and general $1,815 · fundraising $2,597

  • 10 · Payroll taxes

    total $200,626 · program services $187,468 · management and general $11,065 · fundraising $2,093

  • 11c · Fees: accounting

    total $16,808 · management and general $16,808

  • 11g · Fees: other

    total $40,671 · program services $40,671

  • 12 · Advertising and promotion

    total $9,558 · program services $7,668 · management and general $1,890

  • 13 · Office expenses

    total $39,262 · program services $31,996 · management and general $7,266

  • 14 · Information technology

    total $9,317 · program services $5,007 · management and general $4,310

  • 16 · Occupancy

    total $189,765 · program services $179,744 · management and general $10,021

  • 17 · Travel

    total $8,251 · program services $8,251

  • 18 · Travel or entertainment for public officials

    total $4,599 · management and general $4,599

  • 19 · Conferences, conventions and meetings

    total $878 · program services $613 · fundraising $265

  • 22 · Depreciation, depletion and amortization

    total $11,400 · program services $7,600 · management and general $3,800

  • 23 · Insurance

    total $30,180 · program services $21,531 · management and general $8,649

  • 24a · Other expenses: PROGRAM OPERATIONS EXPENSES

    total $160,922 · program services $160,922 · management and general $0 · fundraising $0

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $7,362 · program services $1,611 · management and general $5,751 · fundraising $0

  • 24c · Other expenses: COST OF GOODS

    total $82,506 · program services $82,506 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,492 · end of year $118,008

  • 4 · Accounts receivable

    beginning of year $252,848 · end of year $934,215

  • 7 · Other notes and loans receivable

    beginning of year -$125,000

  • 10a · Land, buildings and equipment: cost or other basis

    $420,933

  • 10b · Land, buildings and equipment: accumulated depreciation

    $115,297

  • 10c · Land, buildings and equipment, net

    beginning of year $283,763 · end of year $305,636

  • 17 · Accounts payable and accrued expenses

    beginning of year -$31,440 · end of year $54,017

  • 25 · Other liabilities

    beginning of year $39,379 · end of year $113,629

  • 27 · Net assets without donor restrictions

    beginning of year $231,936 · end of year $448,164

  • 28 · Net assets with donor restrictions

    beginning of year $216,228 · end of year $742,049

Mission and programs · 2023

Mission

Dreams for Change's mission is to respond to the needs of San Diegans by creating innovative and cost-effective programs to empower and stabilize the lives of under-served families and individuals.

  • ASSET BUILDING: COORDINATION OF A COLLABORATIVE INITIATIVE TO EXPAND FREE TAX SERVICES AND PUBLIC BENEFIT SCREENING THROUGHOUT SAN DIEGO COUNTY. PROVIDE FINANCIAL EDUCATION AND COACHING.

    Expenses $645,392 · Revenue $874,898

  • THE SAFE PARKING PROGRAM PROVIDES CASE MANAGEMENT, REFERRALS, FINANCIAL EDUCATION AND PRIVATE PARKING LOTS FOR INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS AND LIVING IN THEIR VEHICLES.

    Expenses $562,722 · Revenue $519,239

  • DREAMS CUISINE: MOBILE FOOD TRUCKS THAT PROVIDES HEALTHY HOT MEALS TO HOMELESS INDIVIDUALS IN DOWNTOWN SAN DIEGO AND SENIORS IN NORTH SAN DIEGO COUNTY WHILE PROVIDING WORK OPPORTUNITIES FOR THOSE WITH BARRIERS. INDIVIDUALS EXPERIENCING HOMELESSNESS AND SENIORS CAN UTILIZE THEIR CALFRESH BENEFITS TO PURCHASE NUTRITIONAL MEALS. SERVICES ALSO INCLUDE WORKFORCE DEVELOPMENT BY PROVIDING PARTICIPANTS WITH ON THE JOB TRAINING AND CLASSROOM TRAINING.

    Expenses $578,826 · Revenue $674,679

  • The Safe Sleeping Program is a low-barrier shelter option offering safe, legal space as an alternative to traditional congregate shelters for people experiencing homelessness. Safe Sleeping programs can include on-site services and resources.

    Expenses $590,302 · Revenue $796,387

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Teresa Smith

    CEO

    Total calculated
    $77,211
    From this org
    $77,211
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mary Gross

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Kay Dendy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Ester Gomez

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kim Pike

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Sean Greene

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Gerald

    RAMSEY

    Total calculated
    $0
    Hours/week
    2 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.0
Source object
202412829349300901

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