Totals
- Total revenue
- $81,319,767
- Total expenses
- $79,473,799
- Contributions and grants received
- $60,769,453
- Grants paid
- $0
- Program service revenue
- $17,292,586
- Investment income
- $0
- Other revenue
- $3,257,728
- Total assets, end of year
- $135,173,149
- Total liabilities, end of year
- $105,889,499
- Net assets or fund balances, end of year
- $29,283,650
- Program services expenses (Part IX)
- $17,679,322
- Management and general expenses
- $61,794,477
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $17,679,322
Program services were 22.2% 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)
$60,100,315
-
1f · All other contributions, gifts and grants
$669,138
-
2a · Program service revenue: RENTAL INCOME
total $10,069,047 · related or exempt $10,069,047
-
2b · Program service revenue: OTHER INCOME
total $5,494,992 · related or exempt $5,494,992
-
2c · Program service revenue: DEVELOPER FEE
total $1,258,088 · related or exempt $1,258,088
-
2d · Program service revenue: COUNSELING & EDUCATION
total $387,817 · related or exempt $387,817
-
2e · Program service revenue: INTEREST INCOME
total $82,142 · related or exempt $82,142
-
2f · All other program service revenue
total $500 · related or exempt $500
-
10a · Gross sales of inventory
$14,467,454
-
10b · Cost of goods sold
$11,209,726
-
10c · Net income from sales of inventory
total $3,257,728 · related or exempt $3,257,728
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $5,524,798 · program services $4,294,339 · management and general $1,230,459
-
9 · Other employee benefits
total $805,863 · program services $240,116 · management and general $565,747
-
10 · Payroll taxes
total $389,323 · program services $322,186 · management and general $67,137
-
11b · Fees: legal
total $313,494 · program services $313,494
-
11c · Fees: accounting
total $149,925 · management and general $149,925
-
12 · Advertising and promotion
total $269,622 · program services $269,622
-
13 · Office expenses
total $2,289,964 · program services $1,976,022 · management and general $313,942
-
16 · Occupancy
total $356,900 · program services $272,945 · management and general $83,955
-
19 · Conferences, conventions and meetings
total $160,169 · program services $141,743 · management and general $18,426
-
20 · Interest
total $2,036,754 · program services $2,036,754
-
22 · Depreciation, depletion and amortization
total $1,750,010 · program services $1,750,010
-
23 · Insurance
total $316,183 · program services $243,919 · management and general $72,264
-
24a · Other expenses: MANAGEMENT FEES
total $53,920,203 · management and general $53,920,203
-
24b · Other expenses: INVESTMENT LOSS
total $4,723,815 · management and general $4,723,815
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $3,760,304 · program services $3,760,304
-
24d · Other expenses: UTILITIES
total $854,303 · program services $854,303
-
24e · All other expenses
total $1,852,169 · program services $1,203,565 · management and general $648,604
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $19,429,010 · end of year $27,840,055
-
3 · Pledges and grants receivable
beginning of year $1,283,238 · end of year $2,558,985
-
4 · Accounts receivable
end of year $55
-
7 · Other notes and loans receivable
beginning of year -$2,604,835 · end of year -$4,000,719
-
8 · Inventories for sale or use
beginning of year $3,767,923 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $156,199 · end of year $268,868
-
10a · Land, buildings and equipment: cost or other basis
$72,916,716
-
10b · Land, buildings and equipment: accumulated depreciation
$27,583,247
-
10c · Land, buildings and equipment, net
beginning of year $46,831,650 · end of year $45,333,469
-
13 · Investments: program-related
beginning of year $6,450,112 · end of year -$2,257,650
-
14 · Intangible assets
beginning of year $1,394,166 · end of year $3,146,157
-
15 · Other assets
beginning of year $32,317,261 · end of year $62,283,929
-
17 · Accounts payable and accrued expenses
beginning of year $13,426,443 · end of year $11,995,845
-
23 · Secured mortgages and notes payable
beginning of year $67,400,305 · end of year $93,130,033
-
25 · Other liabilities
beginning of year $760,294 · end of year $763,621
-
27 · Net assets without donor restrictions
beginning of year $24,400,609 · end of year $26,246,577
-
28 · Net assets with donor restrictions
beginning of year $3,037,073 · end of year $3,037,073
Mission and programs · 2022
Mission
TO PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES.
Activities or mission (Part I)
TO PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES
-
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 $17,679,322 · Revenue $20,550,314
As filed on the 2022 return.
Listed in Part VII
-
MS ELYSE DASHEW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JUDGE LINWOOD O FOUST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR KEVIN GRANELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS ASTRID CHIRINOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR KEN SCHORR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR JAMES R SIMPSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MR DAVE KAUTTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR RICKY HALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR RAYMOND MCGREGOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS JESSICA BEIL HINDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS JACQUELINE O'GARROW
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MR DAVID R FINNIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR BOB MENDENHALL
ASSOCIATE OF BOD
- Total calculated
- $0
- Hours/week
- 1
-
MR CHRIS JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR FRED DODSON
CHIEF OPERATING OFFICER
- Total calculated
- $249,019
- From this org
- $225,947
- From related orgs
- $0
- Other
- $23,072
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,947
- Bonus
- $0
- Other
- $0
- Deferred
- $9,515
- Nontaxable benefits
- $13,557
- Filer's total
- $249,019
-
MS JULIE A PORTER
PRESIDENT
- Total calculated
- $297,144
- From this org
- $271,348
- From related orgs
- $0
- Other
- $25,796
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $271,348
- Bonus
- $0
- Other
- $0
- Deferred
- $9,515
- Nontaxable benefits
- $16,281
- Filer's total
- $297,144
-
MS REBEKAH BAKER
VICE-PRESIDENT-PROPERTY
- Total calculated
- $166,951
- From this org
- $148,525
- From related orgs
- $0
- Other
- $18,426
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,525
- Bonus
- $0
- Other
- $0
- Deferred
- $9,515
- Nontaxable benefits
- $8,911
- Filer's total
- $166,951
-
MR KEVIN SCHRADER
CHIEF FINANCIAL OFFICER
- Total calculated
- $171,261
- From this org
- $161,746
- From related orgs
- $0
- Other
- $9,515
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,746
- Bonus
- $0
- Other
- $0
- Deferred
- $9,515
- Nontaxable benefits
- $0
- Filer's total
- $171,261
-
MS KAREN BATTEN-BALAS
SR. VP OF DEVELOPMENT & CO
- Total calculated
- $200,153
- From this org
- $190,638
- From related orgs
- $0
- Other
- $9,515
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,638
- Bonus
- $0
- Other
- $0
- Deferred
- $9,515
- Nontaxable benefits
- $0
- Filer's total
- $200,153
-
MS ERIN BARBEE
SR. VP OF HOMEOWNERSHIP
- Total calculated
- $141,254
- From this org
- $134,144
- From related orgs
- $0
- Other
- $7,110
- Hours/week
- 40
-
MR WINSTON A ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS NICOLE BALDON
SR. VP; SR. RELATIONSHIP MANAGER
- Total calculated
- $0
- Hours/week
- 1
-
MS NOELLE BELL
SR. VP OF MARKETING & COMM
- Total calculated
- $150,637
- From this org
- $135,694
- From related orgs
- $0
- Other
- $14,943
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,694
- Bonus
- $0
- Other
- $0
- Deferred
- $9,515
- Nontaxable benefits
- $5,428
- Filer's total
- $150,637
-
MR DANIEL CIMAGLIA
SR. VP OF REAL ESTATE DEVE
- Total calculated
- $217,565
- From this org
- $200,048
- From related orgs
- $0
- Other
- $17,517
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,048
- Bonus
- $0
- Other
- $0
- Deferred
- $9,515
- Nontaxable benefits
- $8,002
- Filer's total
- $217,565
-
MR AJ CALHOUN
DATA AND EVALUATION
- Total calculated
- $0
- Hours/week
- 1
-
MR MALCOLM GRAHAM
COUNCILMAN, DISTRICT 2 REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
MS BRENDA HAYDEN
BROKER
- Total calculated
- $0
- Hours/week
- 1
-
MR JOAQUIN SORIA
CHIEF FINANCIAL OFFICER
- Total calculated
- $0
- Hours/week
- 1
-
MR STEVE WINDELL
COMMERCIAL REAL ESTATE
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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.
-
501(C)(3) · LOW-INC HSING · NC · controlled entity
-
501(C)(3) · LOW-INC HSING · NC
-
DREAMKEY PARTNERS MORTGAGE INC
501(C)(3) · MORTGAGE · NC
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LOW-INC HSNG · NC · income $602,281 · assets $1,737,279
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $892,389 · assets $3,980,194
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $278,776 · assets $595,972
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $45,608 · assets $885,079
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $162,151 · assets $3,723,088
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $0 · assets $1,126,329
Directly controlled by CMHP INC
-
COMM REDEV · NC · income $0 · assets $331,267
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $261,605 · assets $12,328,167
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $5,808,236 · assets $7,865,357
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $0 · assets $0
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $2,400,343 · assets $9,666,004
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $852,810 · assets $4,763,782
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $0 · assets $0
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $135,918 · assets $2,620,649
Directly controlled by CMHP INC
-
WEDDINGTON ROAD APARTMENTS LLC
LOW-INC HSNG · NC · income $0 · assets $1,341,411
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $0 · assets $1,630,145
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $1,131,497 · assets $11,878,545
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $0 · assets $0
Directly controlled by CMHP INC
-
LOW-INC HSNG · NC · income $0 · assets $0
Directly controlled by CMHP INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · general or managing partner
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of income -$242 · share of assets $105,773 · general or managing partner
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of income $584 · share of assets $128,106
Directly controlled by CMHP PROPERTIES
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of income -$228,574 · share of assets $1,632,372
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of income -$307 · share of assets -$63 · general or managing partner
Directly controlled by GABLES II MGR
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of income -$454 · share of assets -$36 · general or managing partner
Directly controlled by STATEVILLE AVE MGR
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of income -$164 · share of assets $199,132 · general or managing partner
Directly controlled by KOHLER MANAGER
-
RELATED · LOW INCOME HSNG · NC · 0.01% owned · share of income -$260,906 · share of assets -$172,692 · general or managing partner
Directly controlled by WESTNGHSE MNGR
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of income -$417 · general or managing partner
Directly controlled by CATAWBA SR MGR
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of income -$343 · share of assets $1,467,714 · general or managing partner
Directly controlled by ATANDO MANAGER
-
BRECKINRIDGE OAKS PARTNERS LLC
RELATED · RENTAL REAL ESTATE · GA · 51% owned · share of income -$27 · share of assets $52,054 · general or managing partner
-
RELATED · LOW INCOME HSNG · NC · 0.01% owned · share of income -$102 · share of assets $116,875 · general or managing partner
Directly controlled by TUCKASEEGEE MANAGER
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of income -$907 · share of assets $1,252,926 · general or managing partner
Directly controlled by FREEDOM MANAGER
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of income -$157 · share of assets $145,789 · general or managing partner
Directly controlled by WELLSPRING MGR
-
HEARTHSIDE LAFAYETTE PARTNERS LLC
RELATED · RENTAL REAL ESTATE · GA · 51% owned · share of income -$24 · share of assets $59,554 · general or managing partner
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of income -$57 · share of assets $75,148 · general or managing partner
Directly controlled by NOLLEY MANAGER INC
-
RELATED · RENTAL REAL ESTATE · NC · 0.01% owned · share of assets $8,472,458 · general or managing partner
Directly controlled by CONNELLY MANAGER INC
-
RELATED · RENTAL REAL ESTATE · GA · 0.01% owned · share of income -$52 · share of assets $102,066 · general or managing partner
Directly controlled by BRECKINRIDGE OAKS PARTNERS LLC
-
RELATED · RENTAL REAL ESTATE · GA · 0.01% owned · share of income -$50 · share of assets $117,174 · general or managing partner
Directly controlled by HEARTHSIDE LAFAYETTE PARTNERS LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · LOW-INC HSNG · NC · 100% owned · share of income -$1,202 · share of assets $1,845,601
Directly controlled by CMHP PROPERTIES INC
-
C · LOW-INC HSNG · NC · 100% owned · share of income -$1,139 · share of assets $247 · controlled entity
Directly controlled by CMHP INC
-
C · LOW-INC HSNG · NC · 100% owned · share of income -$1,135 · share of assets $199,296 · controlled entity
Directly controlled by CMHP INC
-
STATESVILLE AVENUE MANAGER INC
C · LOW-INC HSNG · NC · 100% owned · share of income -$1,120 · share of assets $453 · controlled entity
Directly controlled by CMHP INC
-
C · LOW-INC HSNG · NC · 100% owned · share of income -$28,194 · share of assets $14 · controlled entity
Directly controlled by CMHP INC
-
C · LOW-INC HSNG · NC · 100% owned · share of income -$1,131 · share of assets $338,216 · controlled entity
Directly controlled by CMHP INC
-
C · LOW-INC HSNG · NC · 100% owned
Directly controlled by CMHP INC
-
C · LOW-INC HSNG · NC · 100% owned · share of income -$1,132 · share of assets $145,953
Directly controlled by CMHP INC
-
C · LOW-INC HSNG · NC · 100% owned · share of income -$1,182 · share of assets $1,467,765
Directly controlled by CMHP INC
-
C · LOW-INC HSNG · NC · 100% owned · share of income -$1,171 · share of assets $116,875
Directly controlled by CMHP INC
-
C · LOW-INC HSNG · NC · 100% owned · share of income -$1,177 · share of assets $751,297
Directly controlled by CMHP INC
-
C · LOW-INC HSNG · NC · 100% owned · share of assets $8,472,458
Directly controlled by CMHP INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302509349301115
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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