Overview
What is Dreamkey Partners Inc?
Dreamkey Partners Inc, a North Carolina-based nonprofit founded in 1988, is dedicated to expanding affordable and well-maintained housing for low and moderate income families and fostering stable neighborhoods. Their mission encompasses revitalizing inner-city areas, managing affordable rental properties, and offering homeownership opportunities. As a Community Based Development Organization (CBDO) recognized by Charlotte, Dreamkey Partners, Inc. continues to prioritize the economic advancement of its occupants. With a team of 54 employees, this nonprofit corporation aims to provide housing solutions for families in need.
What are the reviews and ratings of this charity?
DreamKey Partners Inc does not currently have a rating from Charity Navigator due to deficiencies in their financial data reporting. The organization's historical ratings, which merely reflected financial health, revealed concerns such as a Program Expense ratio exceeding total expenses, indicating possible errors in their reported 990 data. Thus, the absence of a current rating neither implies a positive nor negative evaluation, but suggests caution until clarification is provided.
The compensation of DreamKey Partners Inc's leadership reflects its investment in experienced personnel, with salaries for top executives ranging significantly, a common practice to attract talent needed for strategic initiatives. The organization's substantial support from government or public sources indicates a generally stable funding base, although details on programmatic impact, constituent feedback, and community engagement are currently unclear due to a lack of available data.
DreamKey Partners is categorized as an independent organization, unaffiliated with either consolidated agencies or regional branches. The lack of ratings for Culture & Community, Leadership & Adaptability, and Impact & Measurement beacons suggests potential areas for development in transparency and strategic communication with stakeholders. There are no available user reviews on GreatNonprofits, so public perception and beneficiary experiences remain undocumented.
This AI summary has been generated from information found on Charity Navigator.
Is Dreamkey Partners Inc legitimate?
Dreamkey Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dreamkey Partners Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,524,798
For more financial information, click here
What is the mission statement of Dreamkey Partners Inc?
Dreamkey Partners Inc is a nonprofit housing development and finance corporation committed to expanding affordable and well-maintained housing for low and moderate income families. By fulfilling this mission, Dreamkey Partners aims to help families more fully enter the economic mainstream. The organization has adopted strategies such as revitalizing targeted inner city neighborhoods, developing and managing affordable rental properties, and providing homeownership opportunities. Dreamkey Partners is recognized as a Community Based Development Organization (CBDO), demonstrating its dedication to promoting stable neighborhoods for those in need.
Who is the CEO of Dreamkey Partners Inc?
Julie A Porter is the Director of Dreamkey Partners Inc.
What is the revenue of Dreamkey Partners Inc?
Dreamkey Partners Inc's revenue in 2022 was $81,319,767.
Who are the executives of Dreamkey Partners Inc and what are their salaries?
The average compensation at Dreamkey Partners Inc during 2022 was $102,311. There are 54 employees at Dreamkey Partners Inc.
Here are 29 key members and their salaries:
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Where can I find the form 990 for Dreamkey Partners Inc?
Dreamkey Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dreamkey Partners Inc
Dreamkey Partners, Inc., a North Carolina-based nonprofit housing development and finance corporation, was established in 1988 with the mission to expand affordable and well-maintained housing and promote stable neighborhoods for low and moderate income families. The organization's primary objective is to help these families more fully enter the economic mainstream.
To fulfill its mission, Dreamkey Partners, Inc. has adopted several strategies. It focuses on revitalizing targeted inner city neighborhoods, developing and managing affordable rental properties, and providing homeownership opportunities. By doing so, the organization aims to not only provide shelter but also contribute to the overall improvement of the communities it serves. Dreamkey Partners, Inc. is recognized as a Community Based Development Organization (CBDO) by the City of Charlotte.
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Impact
October, 2024
Dreamkey Partners Inc significantly impacts the housing landscape for low and moderate-income families in North Carolina, especially in Charlotte. By focusing on the development and management of affordable rental properties, the organization plays a crucial role in revitalizing inner-city neighborhoods. This effort not only enhances the living conditions for residents but also contributes to the overall stability and growth of the communities involved.
One of the key strategies employed by Dreamkey Partners Inc is the promotion of homeownership opportunities, which empowers families to invest in their futures and fosters a sense of community. By offering well-maintained housing options, the organization helps residents access safe and secure environments that support their economic well-being.
Additionally, as a designated Community Based Development Organization (CBDO), Dreamkey has the expertise and local insight necessary to effectively address the unique challenges faced by low and moderate-income households. Through its comprehensive approach to housing development and community engagement, Dreamkey Partners Inc not only meets immediate housing needs but also paves the way for long-term economic mobility and stability for families in the area.
This information is meant to be a general summary of Dreamkey Partners Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $17,292,586
- Gross Receipts: $92,529,493
Assets and Liabilities:
- Total Assets: $135,173,149
- Total Liabilities: $105,889,499
- Net Assets: $29,283,650
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$10,069,047
OTHER INCOME
Revenue
$5,494,992
DEVELOPER FEE
Revenue
$1,258,088
COUNSELING & EDUCATION
Revenue
$387,817
INTEREST INCOME
Revenue
$82,142
Organization Details
Founding Year
1988
Phone
(704) 342-0933Principal Officer
Julie A Porter
Main Address
4601 CHARLOTTE PARK DRIVE STE 350, CHARLOTTE, NC, 28217
NTEE Category
Code: L210 - Housing
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