BOSTON DREAM ACADEMY

EIN: 464643066 501(c)(3) Education

DORCHESTER, MA

Total Revenue
$324,909
Total Expenses
$511,646
Total Assets
$2,920,173
Net Assets
$2,022,056
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MA
Phone
6175061358
Tax Period
2024-07-01 to 2025-06-30

BOSTON DREAM ACADEMY, founded in 2014, is a small nonprofit in the Education sector that reported $325K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $512K exceeded revenue, resulting in a 57% operating deficit.

Mission

THE PLANNED ACTIVITES OF THE BOSTON DREAM ACADEMY IS TO NURTURE THE INTELLECTUAL CURIOSITY OF HIGH SCHOOL STUDENTS AND TO CULTIVATE THEIR DEDICATION TO SERVICE THROUGH PREPARATORY CURRICULUM WITHIN A SUPPORTIVE COLLABORATIVE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $142,944
Program Service Revenue $134,765
Investment Income $0
Other Revenue $47,200
TOTAL REVENUE $324,909

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,109
Fundraising Expenses $0
Program Expenses $501,906
Other Expenses $348,537
TOTAL EXPENSES $511,646

Year-over-Year Comparison

2024 2023 Change
Revenue $324,909 $398,163 -0.2%
Expenses $511,646 $433,621 +0.2%
Net Income $-186,737 $-35,458 +4.3%
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
14
Independent Members
14
Employees
4
Volunteers
14

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
2
$0
Total Directors
13
$0
Key Employees
1
$66,150
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ORLANDO HALL PRINCIPAL 40.00
Key Emp
$66,150 $0 $66,150
PAULETTE CHANDLER DIRECTOR 1.00
Director
$0 $0 $0
MARVA DURAND DIRECTOR 1.00
Director
$0 $0 $0
RODNEY DURAND DIRECTOR 1.00
Director
$0 $0 $0
CHERIE JACKSON DIRECTOR 1.00
Director
$0 $0 $0
STEFFAN REID DIRECTOR 1.00
Director
$0 $0 $0
BETTY JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
JOHN GALLAGHER DIRECTOR 1.00
Director
$0 $0 $0
OWENA FARRELL DIRECTOR 1.00
Director
$0 $0 $0
MILTON SAMUELS DIRECTOR 1.00
Director
$0 $0 $0
JENKS BRUTUS DIRECTOR 1.00
Director
$0 $0 $0
DAVID WILLIAMS DIRECTOR 5.00
Director
$0 $0 $0
OPAL WILLIAMS CHAIR 40.00
Officer Director
$0 $0 $0
ERIC ADAMS FINANCE CHAIR 5.00
Officer 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
2025 $324,909 $511,646 $2,920,173 $-186,737
2024 No data No data No data No data
2023 $2,291,837 $345,319 $3,115,749 $1,946,518
2022 $389,165 $256,901 $211,236 $132,264
2021 $271,981 $193,533 $92,275 $78,448
2020 $122,433 $113,631 $13,302 $8,802
2019 $149,157 $145,861 $4,469 $3,296
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