DreamKey Partners Mortgage Inc

EIN: 562256392 501(c)(3) Housing & Shelter

Charlotte, NC

Total Revenue
$128,546
Total Expenses
$128,477
Total Assets
$1,894,581
Net Assets
$-87,042
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NC
Phone
7043420933
Tax Period
2023-01-01 to 2023-12-31

DreamKey Partners Mortgage Inc, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $129K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE MORTGAGE BROKERING AND MORTGAGE BANKING SERVICES TO INDIVIDUALS AND FAMILIES DIRECTLY AND INDIRECTLY SERVED BY DREAMKEY PARTNERS, INC.

Program Service Accomplishments

Program 1
Expenses: $128,477 Revenue: $22,546

DREAMKEY PARTNERS MORTGAGE, INC. WAS ORGANIZED TO SUPPORT AND IMPLEMENT THE PROGRAMS AND ACTIVITIES OF DREAMKEY PARTNERS, INC., (THE "PARENT") A NORTH CAROLINA NON-PROFIT CORPORATION, BY PROVIDING...

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DREAMKEY PARTNERS MORTGAGE, INC. WAS ORGANIZED TO SUPPORT AND IMPLEMENT THE PROGRAMS AND ACTIVITIES OF DREAMKEY PARTNERS, INC., (THE "PARENT") A NORTH CAROLINA NON-PROFIT CORPORATION, BY PROVIDING MORTGAGE BROKERING AND MORTGAGE BANKING SERVICES TO INDIVIDUALS AND FAMILIES DIRECTLY AND INDIRECTLY SERVED BY DREAMKEY PARTNERS, INC. THE ORGANIZATION PROVIDES PRE-PURCHASE EDUCATION AND PREPARATION AS WELL AS DOWN PAYMENT ASSISTANCE TO FUTURE ELIGIBLE HOMEBUYERS IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF GRANTS WHICH FUND SPECIFIC ACTIVITIES RELATED TO HOMEOWNERSHIP.

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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 $106,000
Program Service Revenue $20,291
Investment Income $2,244
Other Revenue $11
TOTAL REVENUE $128,546

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,412
Fundraising Expenses $0
Program Expenses $128,477
Other Expenses $117,065
TOTAL EXPENSES $128,477

Year-over-Year Comparison

2023 2022 Change
Revenue $128,546 $501,361 -0.7%
Expenses $128,477 $527,843 -0.8%
Net Income $69 $-26,482 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
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
3
$776,531
Total Directors
3
$776,531
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Vice President 1.0
Officer Director
$0 $24,465 $262,273
N/A President 1.0
Officer Director
$0 $27,499 $315,856
N/A Treasurer 1.0
Officer Director
$0 $10,197 $198,402
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 $128,546 $128,477 $1,894,581 $69
2022 $501,361 $527,843 $1,445,351 $-26,482
2021 $610,219 $394,692 $903,648 $215,527
2018 No data No data $4,112,666 No data
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