Dream Center NYC Inc

EIN: 462565031 501(c)(3) Community Improvement

New York, NY

Total Revenue
$494,229
Total Expenses
$412,237
Total Assets
$97,780
Net Assets
$97,780
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Phone
9173276050
Tax Period
2018-01-01 to 2018-12-31

Dream Center NYC Inc, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $494K in total revenue in fiscal year 2018. Revenue surged 224% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 17% operating margin.

Mission

We partner with local communities through programs designed around identity, empowerment, purpose, and neighborhood engagement in order to see neighborhoods flourish across New York City.

Program Service Accomplishments

Program 1
Expenses: $274,144 Revenue: $0

Our Adopt-A-Block program was developed as we saw overlooked and underserved neighbors in our communities working hard to provide better futures for their families. Because of overcrowding, the...

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Our Adopt-A-Block program was developed as we saw overlooked and underserved neighbors in our communities working hard to provide better futures for their families. Because of overcrowding, the expense of the city, single parent homes, extremely high levels of stress, and most families being financially stretched, we knew we needed to create a program designed to support families and whole communities. Adopt-A-Block is a support program tailored to families residing in public housing communities. Throwing block parties, holding free community markets, and hosting dinner parties - this is how we provide families with much needed household goods while showing our neighbors the respect and dignity they deserve. This creates a fun, life-giving atmosphere for humanity to thrive, families to connect, and authentic community to form.

Program 2
Expenses: $101,585 Revenue: $0

Our Restore program was created as we saw our neighbors battling addiction, homelessness, and lack of access to city-wide resources. Restore is an immediate need-based program, primarily serving our...

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Our Restore program was created as we saw our neighbors battling addiction, homelessness, and lack of access to city-wide resources. Restore is an immediate need-based program, primarily serving our neighbors experiencing homelessness. Temporary relief stations are set up throughout the city providing hot meals, clothing, personal hygiene items, blankets, prayer, and referrals to emergency shelters and other programs, so all New Yorkers have the opportunity to pursue their dreams.

Program 3
Expenses: $32,849 Revenue: $0

In order to help engage New Yorkers in serving our neighbors, each year we facilitate, organize, and train a team of New Yorkers to serve by digging wells and/or working with orphans in under...

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In order to help engage New Yorkers in serving our neighbors, each year we facilitate, organize, and train a team of New Yorkers to serve by digging wells and/or working with orphans in under developed countries.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $494,229
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $494,229

Expense Breakdown

Grants Paid $408,883
Salaries & Benefits $0
Fundraising Expenses $1,106
Program Expenses $408,883
Other Expenses $3,354
TOTAL EXPENSES $412,237

Year-over-Year Comparison

2018 2017 Change
Revenue $494,229 $152,600 +2.2%
Expenses $412,237 $132,384 +2.1%
Net Income $81,992 $20,216 +3.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
500

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
0
$0
Total Directors
0
$0
Key Employees
3
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stella Reed Executive Director 40.00
Key Emp
$0 $0 $0
Drew Fain Director of Operations 40.00
Key Emp
$0 $0 $0
Sarah Mitchell City Missions Director 40.00
Key Emp
$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
2018 $494,229 $412,237 $97,780 $81,992
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