Dreams For Change Inc
- Assets
- $1.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 201
- Location
- San Diego, CA
- Founding
- 11/2009
- Data as of
- 12/2023
- EIN
- 27-0447059
Organization Overview
Dreams For Change Inc is located in San Diego, CA. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Dreams For Change Inc employed 201 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dreams For Change Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Dreams For Change Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 24.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DREAMS FOR CHANGE'S MISSION IS TO RESPOND TO THE NEEDS OF SAN DIEGANS BY CREATING INNOVATIVE AND COST-EFFECTIVE PROGRAMS TO EMPOWER AND STABILIZE THE LIVES OF UNDER-SERVED FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSET BUILDING: COORDINATION OF A COLLABORATIVE INITIATIVE TO EXPAND FREE TAX SERVICES AND PUBLIC BENEFIT SCREENING THROUGHOUT SAN DIEGO COUNTY. PROVIDE FINANCIAL EDUCATION AND COACHING.
THE SAFE SLEEPING PROGRAM IS A LOW-BARRIER SHELTER OPTION OFFERING SAFE, LEGAL SPACE AS AN ALTERNATIVE TO TRADITIONAL CONGREGATE SHELTERS FOR PEOPLE EXPERIENCING HOMELESSNESS. SAFE SLEEPING PROGRAMS CAN INCLUDE ON-SITE SERVICES AND RESOURCES.
THE SAFE PARKING PROGRAM PROVIDES CASE MANAGEMENT, REFERRALS, FINANCIAL EDUCATION AND PRIVATE PARKING LOTS FOR INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS AND LIVING IN THEIR VEHICLES.
DREAMS CUISINE: MOBILE FOOD TRUCKS THAT PROVIDES HEALTHY HOT MEALS TO HOMELESS INDIVIDUALS IN DOWNTOWN SAN DIEGO AND SENIORS IN NORTH SAN DIEGO COUNTY WHILE PROVIDING WORK OPPORTUNITIES FOR THOSE WITH BARRIERS. INDIVIDUALS EXPERIENCING HOMELESSNESS AND SENIORS CAN UTILIZE THEIR CALFRESH BENEFITS TO PURCHASE NUTRITIONAL MEALS. SERVICES ALSO INCLUDE WORKFORCE DEVELOPMENT BY PROVIDING PARTICIPANTS WITH ON THE JOB TRAINING AND CLASSROOM TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Smith CEO | Trustee | 40 | $77,211 |
Mary Gross Board Member | Officer | 4 | $0 |
Kay Dendy Board Member | Officer | 2 | $0 |
Ester Gomez Treasurer | Officer | 2 | $0 |
Kim Pike Board Member | Officer | 2 | $0 |
Sean Greene Board Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,577,862 |
| All other contributions, gifts, grants, and similar amounts not included above | $420,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,998,706 |
| Total Program Service Revenue | $245,197 |
| Investment income | $33,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,277,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $258,414 |
| Compensation of current officers, directors, key employees. | $50,864 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,413,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,862 |
| Payroll taxes | $200,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,808 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,671 |
| Advertising and promotion | $9,558 |
| Office expenses | $39,262 |
| Information technology | $9,317 |
| Royalties | $0 |
| Occupancy | $189,765 |
| Travel | $8,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $4,599 |
| Conferences, conventions, and meetings | $878 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,400 |
| Insurance | $30,180 |
| All other expenses | $0 |
| Total functional expenses | $2,535,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,008 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $934,215 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $305,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,357,859 |
| Accounts payable and accrued expenses | $54,017 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,629 |
| Total liabilities | $167,646 |
| Net assets without donor restrictions | $448,164 |
| Net assets with donor restrictions | $742,049 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,357,859 |