Dreamkey Partners Inc
83% goes to programs $0 to raise $100 Strong reserves Declining revenue
Dreamkey Partners Inc is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 1989, with $27,604,493 in FY2024 revenue. CharityIndex grades it C+, and it directs about 83% of spending to programs.
4601 Charlotte Park Dr Ste 350, Charlotte, NC, 28217 EIN 56-1620516 Since 1989
Revenue (FY2024)
$27.6M
▲ 7.2% vs prior year
Housing median: $408K
Expenses (FY2024)
$21.5M
Net assets
$21.8M
Employees
49
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →DProgram efficiency40% of the rating83% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Dreamkey Partners Inc: 83% to programs · $0 to raise $100 earns a D on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +22% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Dreamkey Partners Inc: 12 mo reserves · +22% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Dreamkey Partners Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Dreamkey Partners Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide housing to low and moderate income families
Contact & location
- Address
- 4601 Charlotte Park Dr Ste 350, Charlotte, NC, 28217
- City
- Charlotte
- State
- North Carolina
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $9.5M (FY2013) to $27.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $131.0MNet assets $21.8M
Operating margin
22.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$152.8M
Total liabilities
$131.0M
Net assets
$21.8M
Salaries & benefits
$8.1M
38% of expenses
Board members
20
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $27,604,493▲7.2% | $21,503,397▼10.9% | $21,819,013▲64.2% | $152,799,828▲20.9% | 990 |
| 2023 | $25,741,591▼68.3% | $24,142,645▼69.6% | $13,288,242▼54.6% | $126,436,002▼6.5% | 990 |
| 2022 | $81,319,767▼7.6% | $79,473,799▼2.7% | $29,283,650▲6.7% | $135,173,149▲24.0% | 990 |
| 2021 | $87,997,566▲159% | $81,644,285▲145% | $27,437,682▲30.1% | $109,024,724▲41.1% | 990 |
| 2020 | $33,997,762▲151% | $33,360,515▲186% | $21,084,401▲3.1% | $77,260,509▲4.3% | 990 |
| 2019 | $13,570,012▼10.7% | $11,652,869▼11.0% | $20,447,154▲0.3% | $74,100,013▲9.9% | 990 |
| 2018 | $15,203,020▲5.3% | $13,090,786▲18.3% | $20,390,369▲23.1% | $67,455,347▼0.3% | 990 |
| 2017 | $14,442,867▲98.1% | $11,065,273▲19.2% | $16,557,639▲40.4% | $67,673,150▲10.7% | 990 |
| 2016 | $7,291,054▼29.0% | $9,285,124▲5.6% | $11,794,755▼14.5% | $61,143,161▲10.8% | 990 |
| 2015 | $10,269,726▼17.6% | $8,796,829▼2.7% | $13,788,825▲13.2% | $55,196,009▲7.9% | 990 |
| 2014 | $12,458,146▲30.8% | $9,041,354▲9.2% | $12,175,939▲39.0% | $51,160,374▲0.4% | 990 |
| 2013 | $9,526,646 | $8,276,424▼36.5% | $8,759,147▲16.6% | $50,953,059▲28.9% | 990 |
| 2012 | — | $13,042,969▼18.8% | $7,508,925▼57.6% | $39,520,078▼11.7% | 990 |
| 2011 | — | $16,066,865▲101% | $17,709,826▼21.0% | $44,737,684▼8.7% | 990 |
| 2010 | — | $7,974,542 | $22,415,228 | $49,006,891 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Ms Julie A Porter — $341,173 (1.59% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ms Julie A Porter | President | 40 | $341,173 |
| Mr Fred Dodson Jr | Coo / Assistant Secretary | 40 | $264,372 |
| Mr Daniel Cimaglia | Sr. Vp of Real Estate Development | 40 | $219,910 |
| Ms Karen Batten-balas | Sr. Vp of Development & Co | 40 | $209,565 |
| Mr Kevin Schrader | Cfo / Treasurer | 40 | $198,956 |
| Ms Erin Barbee | Chief Strategy Officer | 40 | $191,092 |
| Ms Rebekah Baker | Vice-president-property | 40 | $180,084 |
| Atty Ticora Davis Esq | Director | 1 | — |
| Dr Stacey Brown Phd | Director | 1 | — |
| Honorable Linwood O Foust | Director | 1 | — |
| Mr Aj Calhoun | Director | 1 | — |
| Mr Dave Kautter | Director | 1 | — |
| Mr David R Finnie | Director | 1 | — |
| Mr Joaquin Soria | Director | 1 | — |
| Mr Kevin Granelli | Director | 1 | — |
| Mr Ricky Hall | Director | 1 | — |
| Mr Sheldon Osborne | Director | 1 | — |
| Mr Stephen A Windell | Director | 1 | — |
| Mr Winston A Robinson | Director | 1 | — |
| Ms Brenda Hayden | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Weaver Cooke Construction LLC | Construction | $21,179,300 |
| Jm Cope Construction | Construction | $12,484,480 |
| Rehab Builders Inc | Construction | $10,624,144 |
| Jcb Urban | Construction | $5,905,830 |
| Jo Flowe Grading Co LLC | Construction | $737,122 |
Grants received · $6.2M total
23 grants to Dreamkey Partners Inc totaling $6.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Crosland Foundation | See part iv | 2024 | $15,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $10,750 |
| Neighborhood Reinvestment Corp | General support | 2023 | $472,750 |
| Charities Aid Foundation America | Charitable donation | 2023 | $52,500 |
| Crosland Foundation | See part iv | 2023 | $15,000 |
| Neighborhood Reinvestment Corp | General support | 2022 | $484,750 |
| Neighborhood Reinvestment Corp | General support | 2021 | $810,878 |
| Neighborhood Reinvestment Corp | General support | 2020 | $540,000 |
| Enterprise Community Partners Inc | Capacity building | 2020 | $35,000 |
| Neighborhood Reinvestment Corp | — | 2019 | $517,500 |
| Charities Aid Foundation America | Charitable donation | 2019 | $100,000 |
| Foundation For the Carolinas | Charitable gift | 2019 | $30,000 |
| Neighborhood Reinvestment Corp | Unrestricted | 2018 | $567,000 |
| Thdf II Inc | To assist local charities | 2018 | $300,000 |
| Neighborhood Reinvestment Corp | Expendable grants | 2017 | $605,000 |
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Compare Dreamkey Partners Inc
Frequently asked questions
- Is Dreamkey Partners Inc a legitimate nonprofit?
- Yes. Dreamkey Partners Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1620516, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is Dreamkey Partners Inc's EIN?
- Dreamkey Partners Inc's Employer Identification Number (EIN) is 56-1620516.
- How much revenue does Dreamkey Partners Inc report?
- Dreamkey Partners Inc reported $27,604,493 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Dreamkey Partners Inc's spending goes to programs?
- Dreamkey Partners Inc spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Dreamkey Partners Inc have?
- CharityIndex grades Dreamkey Partners Inc C+, based on program efficiency and fundraising cost.
- How much does Dreamkey Partners Inc's highest-paid employee make?
- The highest reported compensation on Dreamkey Partners Inc's latest Form 990 is $341,173, paid to Ms Julie A Porter (President).
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Data for Dreamkey Partners Inc (EIN 56-1620516) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.