Form 990 for tax year 2022

Filed by DREAMKEY PARTNERS MORTGAGE INC.

Totals

Total revenue: $501,361
Total expenses: $527,843
Contributions and grants received: $488,794
Grants paid: $0
Program service revenue: $9,765
Investment income: $2,802
Other revenue: $0
Total assets, end of year: $1,445,351
Total liabilities, end of year: $1,532,462
Net assets or fund balances, end of year: -$87,111
Program services expenses (Part IX): $527,843
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $527,843

Program services were 100.0% 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.

1e · Government grants (contributions)

$488,794
2a · Program service revenue: LOAN FEE INCOME

total $9,765 · related or exempt $9,765
3 · Investment income

total $2,802 · related or exempt $2,802

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $86,989 · program services $86,989
13 · Office expenses

total $829 · program services $829
16 · Occupancy

total $2,400 · program services $2,400
24a · Other expenses: FORGIVENESS OF DEBT EXP

total $436,500 · program services $436,500
24b · Other expenses: GENERAL LIABILITY INSUR

total $1,125 · program services $1,125

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $47,902 · end of year $731,154
7 · Other notes and loans receivable

beginning of year $111,142 · end of year $99,887
15 · Other assets

beginning of year $744,604 · end of year $614,310
19 · Deferred revenue

beginning of year $734,603 · end of year $604,309
25 · Other liabilities

beginning of year $229,674 · end of year $928,153
27 · Net assets without donor restrictions

beginning of year -$60,629 · end of year -$87,111

Mission and programs · 2022

Mission

TO PROVIDE MORTGAGE BROKERING AND MORTGAGE BANKING SERVICES TO INDIVIDUALS AND FAMILIES DIRECTLY AND INDIRECTLY SERVED BY CHARLOTTE-MECKLENBURG HOUSING PARTNERSHIP, INC.

CMHP MORTGAGE, INC. WAS ORGANIZED TO SUPPORT AND IMPLEMENT THE PROGRAMS AND ACTIVITIES OF CHARLOTTE-MECKLENBURG HOUSING PARTNERSHIP, INC., (THE "PARENT") A NORTH CAROLINA NON-PROFIT CORPORATION, BY PROVIDING MORTGAGE BROKERING AND MORTGAGE BANKING SERVICES TO INDIVIDUALS AND FAMILIES DIRECTLY AND INDIRECTLY SERVED BY CHARLOTTE-MECKLENBURG HOUSING PARTNERSHIP, INC. THE ORGANIZATION PROVIDES PRE-PURCHASE EDUCATION AND PREPARATION AS WELL AS DOWN PAYMENT ASSISTANCE TO FUTURE ELIGIBLE HOMEBUYERS IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF GRANTS WHICH FUND SPECIFIC ACTIVITIES RELATED TO HOMEOWNERSHIP.

Expenses $527,843 · Revenue $12,567

As filed on the 2022 return.

Listed in Part VII

Julie A PorterJULIE A PORTER

PRESIDENT

Total calculated

$297,143

From this org

$0

From related orgs

$271,348

Other

$25,795

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $271,348 related

Bonus

$0

Other

$0

Deferred

$0 + $16,280 related

Nontaxable benefits

$0 + $9,515 related

Filer's total

$0 + $297,143 related
Fred Dodson JrFRED DODSON JR

VICE PRESIDENT

Total calculated

$249,019

From this org

$0

From related orgs

$225,947

Other

$23,072

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $225,947 related

Bonus

$0

Other

$0

Deferred

$0 + $13,557 related

Nontaxable benefits

$0 + $9,515 related

Filer's total

$0 + $249,019 related
Kevin SchraderKEVIN SCHRADER

TREASURER

Total calculated

$171,261

From this org

$0

From related orgs

$161,746

Other

$9,515

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $161,746 related

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0 + $9,515 related

Filer's total

$0 + $171,261 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

CMHP PROPERTIES INC

501(C)(3) · LOW-INCOME HOUSING · NC

Directly controlled by CMHP
CHARLOTTE MECKLENBURG HSNG PARTNERSHIP

501(C)(3) · LOW-INCOME HOUSING · NC
CMHP MORTGAGE INC

501(C)(3) · MORTGAGE SERVICES · NC

Directly controlled by CMHP
FAIRVIEW SENIOR HOUSING INC

501(C)(3) · LOW-INCOME HOUSING · NC

Directly controlled by CMHP

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

TYVOLA CROSSING LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP PROPERTIES
ROCKY BRANCH II LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
SOUTH OAK CROSSING LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
SOUTH PARK SENIORS LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
GABLES II LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
STATESVILLE AVENUE HOMES LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
KOHLER AVENUE LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
WESTINGHOUSE APTS LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by WESTINGHOUSE MNGR
CATAWBA SENIOR HOUSING LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
FREEDOM APARTMENTS LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
WELLSPRING VILLAGE LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
ATANDO APARTMENTS LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
BRECKINRIDGE OAKS LP

RELATED · RENTAL REAL ESTATE · GA

Directly controlled by BRECKINRIDGE OAKS PARTNERS LLC
BRECKINRIDGE OAKS PARTNERS LLC

RELATED · RENTAL REAL ESTATE · GA

Directly controlled by CMHP TECE GEORGIA INC
TUCKASEEGEE SENIOR LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
HEARTHSIDE LAFAYETTE LP

RELATED · RENTAL REAL ESTATE · GA

Directly controlled by HEARTHSIDE LAFAYETTE PARTNERS LLC
HEARTHSIDE LAFAYETTE PARTNERS LLC

RELATED · RENTAL REAL ESTATE · GA

Directly controlled by CMHP TECE GEORGIA INC
FREEDOM LAND JV LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC
NOLLEY APARTMENTS LLC

RELATED · RENTAL REAL ESTATE · NC

Directly controlled by CMHP INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

CMHP TECE INC

C · REAL ESTATE MANAGEMENT · NC

Directly controlled by CMHP PROPERTIES
GABLES II MANAGER INC

C · REAL ESTATE MANAGEMENT · NC

Directly controlled by CMHP INC
KOHLER MANAGER INC

C · REAL ESTATE MANAGEMENT · NC

Directly controlled by CMHP INC
STATESVILLE AVENUE MANAGER INC

C · REAL ESTATE MANAGEMENT · NC

Directly controlled by CMHP INC
WESTINGHOUSE MANAGER INC

C · REAL ESTATE MANAGEMENT · NC

Directly controlled by CMHP INC
CATAWBA SENIOR MANAGER INC

C · REAL ESTATE MANAGEMENT · NC

Directly controlled by CMHP INC
WELLSPRING MANAGER INC

C · REAL ESTATE MANAGEMENT · NC

Directly controlled by CMHP INC
ATANDO MANAGER INC

C · REAL ESTATE MANAGEMENT · NC

Directly controlled by CMHP INC
CMHP TECE GEORGIA INC

C · REAL ESTATE MANAGEMENT · NC

Directly controlled by CMHP INC
TUCKASEEGEE MANAGER INC

C · REAL ESTATE MANAGEMENT · NC

Directly controlled by CMHP INC
NOLLEY MANAGER INC

C · REAL ESTATE MANAGEMENT · NC

Directly controlled by CMHP INC

Provenance

Return type: form_990
Tax year: 2022
Filed: 13 November 2023
IRS schema version: 2022v5.0
Source object: 202333189349317218

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