Dream Centers Of Michigan
- Assets
- $1.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Troy, MI
- Founding
- 10/2014
- Data as of
- 04/2023
- EIN
- 47-1103865
Organization Overview
Dream Centers Of Michigan is located in Troy, MI. The organization was established in 2014. 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 04/2023, Dream Centers Of Michigan employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Centers Of Michigan 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 04/2023, Dream Centers Of Michigan generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $721.0k during the year ending 04/2023. While expenses have increased by 18.8% 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
THROUGH THE LOVE OF CHRIST ENGAGING, EQUIPPING, & EMPOWERING PEOPLE TO EXPERIENCE LIFE CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING: 12 MONTH RESIDENTIAL HOUSING PROGRAM IS DESIGNED FOR YOUNG MEN AGES 18-24 FOCUSING ON LIFE TRANSFORMATION THROUGH RELATIONSHIPS, LIFE SKILLS, ACCOUNTABILITY, AND SPIRITUAL GROWTH. SERVICES PROVIDED FOR ALL PROGRAM RESIDENTS INCLUDE MENTORING, WELLNESS BENEFITS, EDUCATION, EMPLOYMENT, FOOD, AND LODGING. THE GOAL IS FOR PARTICIPANTS TO GRADUATE, PRACTICING A HEALTHY LIFESTYLE THAT PROMOTES AND MAINTAINS SELF-SUSTAINABILITY. NINETEEN YOUNG MEN WERE SERVED WITH ELEVEN YOUNG MEN PARTICIPATING IN A LIFE-CHANGE LEADERSHIP DEVELOPMENT PROGRAM WITH 3 PURSUING HIGHER EDUCATION, 3 SKILLED TRADES AND 5 LIVING WAGE EMPLOYMENT.
BASIC NEEDS: FOR THE FAMILIES THAT COME THROUGH THE DOORS OF THE DREAM CENTER, HUNGER IS NEVER FAR FROM THEIR MINDS AS THEY FACE THE REALITY OF FOOD SHORTAGE DAILY. OUR HOPE IS THAT FAMILIES DON'T HAVE TO FACE THAT REALITY ALONE. THROUGH THE FOOD PANTRY AND HOT MEALS SERVED WEEKLY, FAMILIES CAN HAVE PEACE OF MIND THAT THEY WILL BE NOURISHED. PRE-COVID WE SERVED FOOD TO 110 FAMILIES WEEKLY . DURING THE LAST 12 MONTHS OF THE FISCAL YEAR, WE SERVED 350 FAMILIES BI-WEEKLY DURING THE THANKSGIVING HOLIDAY, 1,500 THANKSGIVING BOXES, FILLED WITH FOOD TO PROVIDE A COMPLETE THANKSGIVING MEAL, WERE DISTRIBUTED TO FAMILIES IN PONTIAC. WE SERVED OUR COMMUNITY WITH 850 BACKPACKS, DINNER FOR 300 FAMILIES AT OUR NEIGHBORHOOD BLOCK PARTY AND PROVIDED EMERGENCY ASSISTANCE FOR OVER 100+ PEOPLE.
ECONOMIC EMPOWERMENT: THROUGH LITERACY, WORKFORCE DEVELOPMENT, MENTORING, TRANSPORTATION, AND GENERAL EDUCATION, WE PROVIDE OPPORTUNITIES FOR KIDS, TEENS, AND ADULTS TO BE EQUIPPED WITH LIFE SKILLS NECESSARY TO OVERCOME THE OBSTACLES OF POVERTY. THE WORKFORCE DEVELOPMENT PROGRAM INCLUDES PRE-EMPLOYMENT READINESS, JOB PLACEMENT AND ASSIGNMENT OF A LIFE COACH. WE OFFER LIFE SKILLS CLASSES FOR ALL ADULT CLIENTS INCLUDING SUCH TOPICS AS CONFLICT MANAGEMENT, FINANCIAL MANAGEMENT, COMMUNICATION, COMPUTER SKILLS, RESUME WRITING AND INTERVIEW SKILLS, ETC. PRE-COVID WE HAD 20-25 PEOPLE PER CLASS. (CONTINUED ON SCHEDULE O) THE WORKFORCE DEVELOPMENT PROGRAM SERVED 100+ CLIENTS PRE-COVID. WE WERE ABLE TO SERVE 55 PEOPLE THIS YEAR. THE SOCIAL ENTERPRISE PROGRAM PIONEERS PARTNERSHIPS WITH BUSINESSES EMPLOYING THOSE WITH BARRIERS TO EMPLOYMENT ON-SITE AT THE DREAM CENTER PROVIDING LIFE SKILLS EDUCATION, TECHNICAL SKILLS, CHILDCARE, AND TRANSPORTATION WITH THE GOAL OF PARTICIPANTS TRANSITIONING TO SUSTAINABLE LIVING WAGE EMPLOYMENT IN THE MARKETPLACE. THE SOCIAL ENTERPRISE PARTNERSHIP WITH MORRELL GROUP & AMAZON SERVED 17 PEOPLE, EMPLOYED 12 PEOPLE WITH 7 EMPLOYMENT POSITIONS AVAILABLE. DURING THE YEAR, 6 PEOPLE MOVED TOWARDS SELF-SUSTAINABILITY, 3 OBTAINED AFFORDABLE HOUSING AND 6 WERE EMPLOYED +90 DAYS.
EDUCATION: WE PARTNER WITH THE PONTIAC SCHOOL DISTRICT, BEYOND BASICS AND BLOOMFIELD TENNIS & FITNESS TO OFFER KID'S K-5TH GRADE AN OPPORTUNITY TO IMPROVE THEIR GRADE-LEVEL READING AND BECOME PROFICIENT AS A TENNIS PLAYER. WE TYPICALLY SERVE 35-40 KIDS. OUR POST LITERACY-ASSESSMENT TESTS RESULTS SHOWED THAT 75% OF THE STUDENTS SHOWED IMPROVEMENT AND 25% OF THE STUDENTS STAYED THE SAME. WE WERE ABLE TO HAVE OUR KIDS SUMMER CAMP THIS YEAR WITH 100 KIDS IN ATTENDANCE. WE ALSO DID AN EXTENSION OF OUR AFTER SCHOOL PROGRAM BY OFFERING KIDS SUMMER TENNIS AT BLOOMFIELD TENNIS & FITNESS FOR 20 KIDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Executive Director | OfficerTrustee | 40 | $78,644 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $292,472 |
| Related organizations | $275,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,852 |
| Noncash contributions included in lines 1a–1f | $13,989 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,049,324 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,758 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,030,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $61,979 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,925 |
| Compensation of current officers, directors, key employees. | $12,726 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,330 |
| Pension plan accruals and contributions | $6,321 |
| Other employee benefits | $44,003 |
| Payroll taxes | $25,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,300 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $210 |
| Office expenses | $6,045 |
| Information technology | $7,839 |
| Royalties | $0 |
| Occupancy | $73,107 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,249 |
| Insurance | $11,915 |
| All other expenses | $780 |
| Total functional expenses | $721,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,030,995 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,055 |
| 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 | $284,672 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $142,812 |
| Total assets | $1,466,534 |
| Accounts payable and accrued expenses | $125,519 |
| 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 | $145,200 |
| Total liabilities | $270,719 |
| Net assets without donor restrictions | $995,382 |
| Net assets with donor restrictions | $200,433 |
| 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 | $1,466,534 |