DreamKey Partners Inc

EIN: 561620516 501(c)(3) Housing & Shelter

Charlotte, NC

Total Revenue
$25,741,591
Total Expenses
$24,142,645
Total Assets
$126,436,002
Net Assets
$13,288,242
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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
1988
Legal Domicile
NC
Phone
7043420933
Tax Period
2023-01-01 to 2023-12-31

DreamKey Partners Inc, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $25.7M in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $24.1M left a modest 6% surplus.

Mission

TO PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,026,962
Program Service Revenue $16,577,785
Investment Income $0
Other Revenue $1,136,844
TOTAL REVENUE $25,741,591

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,695,619
Fundraising Expenses $0
Program Expenses $20,342,529
Other Expenses $16,447,026
TOTAL EXPENSES $24,142,645

Year-over-Year Comparison

2023 2022 Change
Revenue $25,741,591 $81,319,767 -0.7%
Expenses $24,142,645 $79,473,799 -0.7%
Net Income $1,598,946 $1,845,968 -0.1%
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
24
Independent Members
20
Employees
62
Volunteers
N/A

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
7
$1,577,503
Total Directors
27
$1,577,503
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Sr. VP of Real Estate Development 40.0
Officer Director
$210,908 $19,211 $230,119
N/A Chief Operating Officer 40.0
Officer Director
$237,808 $24,465 $262,273
N/A Chief Financial Officer 40.0
Officer Director
$188,205 $10,197 $198,402
N/A Chief Strategy Officer 40.0
Officer Director
$165,423 $8,762 $174,185
N/A President 40.0
Officer Director
$288,357 $27,499 $315,856
N/A Sr. VP of Development & Co 40.0
Officer Director
$200,988 $10,197 $211,185
N/A Vice-President-Property 40.0
Officer Director
$165,364 $20,119 $185,483
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Board Chair 1.0
Director
$0 $0 $0
N/A Director 1.0
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 $25,741,591 $24,142,645 $126,436,002 $1,598,946
2022 $81,319,767 $79,473,799 $135,173,149 $1,845,968
2021 $87,997,566 $81,644,285 $109,024,724 $6,353,281
2020 $33,997,762 $33,360,515 $77,260,509 $637,247
2019 $13,570,012 $11,652,869 $74,100,013 $1,917,143
2018 $15,203,020 $13,090,786 $67,455,347 $2,112,234
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