Overview
What is Dream Builders 4 Equity?
Dream Builders 4 Equity (DB4E) is a nonprofit organization based in St. Louis, Missouri, specifically at 4220 Duncan Avenue. Their primary mission is to combat the issue of vacant homes and buildings in North City, particularly in Hyde Park. They achieve this by revitalizing and reinventing previously abandoned properties, thereby fostering economic opportunities for local minority contractors and providing space for community businesses to thrive. This initiative contributes to the long-term investment and renewal of the St. Louis community. DB4E has successfully completed one such project, selling the revitalized home to a first-time homeowner. Currently, they have three active rehabilitation projects in Hyde Park. In addition to their construction work, DB4E demonstrates their commitment to the community by offering free home repairs and landscaping services, contributing to neighborhood beauty and supporting the well-being of seniors. Overall, DB4E's activities aim to create economically sustainable and socially engaged communities, promoting equity for youth, businesses, residents, and real estate.
Official website here: www.dreambuilders4equity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Dream Builders 4 Equity has received a 73% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization exhibits strengths in several areas, including an independent board with 85% of its members being independent and a high program expense ratio of nearly 78%, demonstrating a strong commitment to funding its mission-related activities.
However, there are notable limitations within the organization’s governance practices. The charity lacks essential policies such as a whistleblower policy and document retention and destruction policy, which are critical for transparency and risk management. These shortcomings contribute to the overall Two-Star rating, reflecting areas that require improvement to enhance accountability and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Dream Builders 4 Equity legitimate?
Dream Builders 4 Equity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dream Builders 4 Equity 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: $97,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $205,437
For more financial information, click here
Official website here: www.dreambuilders4equity.org
What is the mission statement of Dream Builders 4 Equity?
Dream Builders 4 Equity (DB4E) is dedicated to fostering economically viable and socially inclusive communities. They achieve this by promoting equity for youth, businesses, residents, and real estate. One of their initiatives involves tackling the issue of vacant properties in certain areas, by rehabilitating and repurposing previously unused buildings. This not only creates opportunities for minority contractors but also provides space for local businesses to thrive. DB4E's projects in Hyde Park have contributed to the community's renewal, with the sale of a revitalized property to a first-time homeowner and the initiation of three ongoing rehabilitation projects. In addition to their property work, DB4E has also offered free home repairs and landscaping services to senior residents in the Hyde Park neighborhood, contributing to the area's beautification and supporting the well-being of its elderly population.
Official website here: www.dreambuilders4equity.org
Who is the CEO of Dream Builders 4 Equity?
Michael Woods is the CEO of Dream Builders 4 Equity The CEO's salary of Dream Builders 4 Equity is $97,115 and their total compensation is $97,115.
Official website here: www.dreambuilders4equity.org
What is the revenue of Dream Builders 4 Equity?
Dream Builders 4 Equity's revenue in 2023 was $1,265,356.
Official website here: www.dreambuilders4equity.org
Who are the executives of Dream Builders 4 Equity and what are their salaries?
The average compensation at Dream Builders 4 Equity during 2023 was $43,222. There are 7 employees and 50 volunteers at Dream Builders 4 Equity.
Here are 6 key members and their salaries (Dream Builders 4 Equity's CEO's salary is $97,115 and their total compensation is $97,115):
- Compensation: $97,115
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.dreambuilders4equity.org
Where can I find the form 990 for Dream Builders 4 Equity?
Dream Builders 4 Equity's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dreambuilders4equity.org
Learn more at the official website: www.dreambuilders4equity.org
Mission Statement of Dream Builders 4 Equity
Dream Builders 4 Equity, or DB4E, is an organization dedicated to fostering economically sustainable and socially engaged communities. Their mission lies in promoting equity for youth, businesses, residents, and real estate. They strive to achieve this goal by combating the issue of vacant homes and buildings in certain areas, particularly North City. By rehabilitating and reinventing these previously abandoned properties, DB4E creates opportunities for minority contractors, encourages growth in community businesses, and establishes a long-term investment in the community.
One of DB4E's notable achievements includes the revitalization of a vacant property, which provided a first-time homeowner with an opportunity to purchase a residence. Currently, they are working on three active rehabilitation projects in Hyde Park, contributing to the ongoing renewal of the St. Louis community. As a testament to their commitment to the community, DB4E has also facilitated two free home repairs in Hyde Park and provided free landscaping services for the grass-cutting season to 50 seniors in the neighborhood, enhancing neighborhood aesthetics and supporting the well-being of the elderly population.
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Impact
July, 2024
Dream Builders 4 Equity has a profound impact on the St. Louis community by actively addressing the vacant home and building epidemic in North City. Through rehabilitating and reimagining previously vacant properties, they expand economic opportunities for minority contractors, create space for community business growth, and establish sustained long-term momentum and investment in Hyde Park. By successfully revitalizing properties and engaging youth in the rehabilitation process, they contribute to the ongoing renewal of the St. Louis community.
Furthermore, Dream Builders 4 Equity's commitment to community development is evident through facilitating free home repairs and providing landscaping services to seniors in the Hyde Park neighborhood. These efforts not only contribute to neighborhood beautification but also support the well-being of seniors, showcasing the organization's dedication to creating socially engaged and sustainable communities.
This information is meant to be a general summary of Dream Builders 4 Equity. 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 2023.
- Investment Income: -$45,267
- Program Service Revenue: $463,265
- Gross Receipts: $1,656,344
Assets and Liabilities:
- Total Assets: $1,571,217
- Total Liabilities: $284,195
- Net Assets: $1,287,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
General Contracting services
Revenue
$420,562
House of Vision Store Sales
Revenue
$16,546
Lawn Services
Revenue
$12,340
Chess Program
Revenue
$13,817
Organization Details
Founding Year
2016
Principal Officer
Michael Woods
Website
www.dreambuilders4equity.orgNTEE Category
Code: O53 - Youth development
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