CITY OF DREAMS

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

JARAE CLARK

Phone

6282820411

Tax Period

2023-01-01 to 2023-12-31

CITY OF DREAMS, founded in 2004, is a small nonprofit in the Youth Development sector that reported $518K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $582K exceeded revenue, resulting in a 12% operating deficit.

Mission

CITY OF DREAMS PROVIDES YOUTH MENTORSHIP, EXPERIENTIAL LEARNING, AND SOCIAL SUPPORT FROM CARING ADULTS. OUR GOAL IS TO SUPPORT HEALTHY EMOTIONAL AND PHYSICAL GROWTH THROUGH EXPOSURE TO ROLE MODELS ALONG WITH NEW EXPERIENCES AND PERSPECTIVES. WE SERVE YOUTH LIVING IN SAN FRANCISCO LOW-INCOME HOUSING.

Program Service Accomplishments

Program 1

Expenses: $141,561 Revenue: $0

MENTORSHIP AND DEVELOPMENT - THIS PROGRAM PROVIDES WEEKLY MENTORSHIP AND DEVELOPMENT OPPORTUNITIES FOR UNDERSERVED YOUTH, FOCUSING ON BUILDING LIFE SKILLS, FOSTERING PERSONAL GROWTH, AND ENCOURAGING COMMUNITY ENGAGEMENT. DURING THE REPORTING PERIOD, AN ESTIMATED 50 YOUTH PARTICIPATED IN OVER 40 STRUCTURED SESSIONS, INCLUDING WORKSHOPS, TEAM-BUILDING ACTIVITIES, AND ONE-ON-ONE MENTORING. THE PROGRAM'S OBJECTIVE IS TO HELP YOUTH DEVELOP CONFIDENCE, RESILIENCE, AND LEADERSHIP SKILLS, WITH THE LONG-TERM GOAL OF EMPOWERING THEM TO ACHIEVE ACADEMIC AND PERSONAL SUCCESS.

Program 2

Expenses: $100,217 Revenue: $0

GROUND ZERO - TEEN - THE GROUND ZERO PROGRAM PROVIDES FOUNDATIONAL SUPPORT FOR UNDERSERVED YOUTH BY OFFERING A SAFE SPACE TO DEVELOP CRITICAL LIFE SKILLS AND BUILD STRONG COMMUNITY CONNECTIONS...

GROUND ZERO - TEEN - THE GROUND ZERO PROGRAM PROVIDES FOUNDATIONAL SUPPORT FOR UNDERSERVED YOUTH BY OFFERING A SAFE SPACE TO DEVELOP CRITICAL LIFE SKILLS AND BUILD STRONG COMMUNITY CONNECTIONS. DURING THE REPORTING PERIOD, APPROXIMATELY 30 YOUTH PARTICIPATED IN OVER 35 SESSIONS, WHICH INCLUDED SKILL-BUILDING WORKSHOPS, MENTORSHIP ACTIVITIES, AND COMMUNITY SERVICE PROJECTS. THE PROGRAM'S SHORT-TERM GOAL IS TO ENGAGE YOUTH IN MEANINGFUL ACTIVITIES THAT FOSTER PERSONAL DEVELOPMENT, WHILE THE LONG-TERM OBJECTIVE IS TO EQUIP THEM WITH THE TOOLS AND CONFIDENCE NEEDED TO CREATE POSITIVE LIFE TRAJECTORIES.

Program 3

Expenses: $43,078 Revenue: $0

GARDENING AND WELLNESS - THE GARDENING AND WELLNESS PROGRAM EMPOWERS YOUTH BY PROVIDING OPPORTUNITIES TO GAIN PRACTICAL SKILLS, FINANCIAL LITERACY, AND WORK EXPERIENCE. PARTICIPANTS EARN INCENTIVES WHILE ENGAGING IN HANDS-ON HORTICULTURE PROJECTS, FOSTERING SUSTAINABILITY, RESPONSIBILITY, CONFIDENCE, AND PATHWAYS TO HEALTHIER LIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $533,590

Program Service Revenue $0

Investment Income $3,794

Other Revenue $-18,986

TOTAL REVENUE $518,398

Expense Breakdown

Grants Paid $1,400

Salaries & Benefits $353,367

Fundraising Expenses $84,709

Program Expenses $358,864

Other Expenses $216,435

TOTAL EXPENSES $582,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$518,398	$463,232	+0.1%
Expenses	$582,257	$644,694	-0.1%
Net Income	$-63,859	$-181,462	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$101,734

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARAE CLARK	EXECUTIVE DIRECTOR	40	Officer	$88,177	$13,557	$101,734
CASSIDI GOLL	CO-CHAIR	5	Officer Director	$0	$0	$0
MINI PATTI	CO-CHAIR	5	Officer Director	$0	$0	$0
NASIRA SPELLS	SECRETARY	5	Officer Director	$0	$0	$0
JONATHON BICE	TREASURER	5	Officer Director	$0	$0	$0
MARTY HIGGINS	FOUNDER	5	Officer Director	$0	$0	$0
MARK DONDERO	BOARD MEMBER	5	Director	$0	$0	$0
MARY LAW	BOARD MEMBER	5	Director	$0	$0	$0
YVONNE STOICHEVA	BOARD MEMBER	5	Director	$0	$0	$0
ALPHONSO CRAWFORD	BOARD MEMBER	5	Director	$0	$0	$0
FARZANA SALEEM	BOARD MEMBER	5	Director	$0	$0	$0
XAVIER RERNARD CUNNINGHAM	BOARD MEMBER	5	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$518,398	$582,257	$274,854	$-63,859
2022	$463,232	$644,694	$360,885	$-181,462
2021	$800,906	$618,007	$521,144	$182,899
2020	$538,152	$260,312	$306,984	$277,840