DreamKey Partners
DreamKey Partners reported $27.6 million in revenue and $21.5 million in expenses for calendar year 2024. Of every $100 it spent, $82.55 went to program services, $17.45 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 65.7% of the total. Government grants made up 15.4%. The highest compensation it reported for one person was $381,585 (President). 19 people received more than $100,000 in reportable compensation. Revenue rose 103% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $28MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.6% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.4% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 22.5% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 15.4% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 65.7% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $381,585 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.77% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 19 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 12.2 | 10.0 |
| Independent voting board members Part VI 1a–1b | 19 of 20 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseDreamkey Partners, inc. Is a nonprofit housing development and finance corporation organized in the state of north carolina on july 5, 1988 to expand affordable and well-maintained housing and promote stable neighborhoods for low and moderate income families with a continuing interest in the ability of occupants to more fully enter the economic mainstream. The strategies that Dreamkey Partners, inc. Has adopted to fulfill its mission are as follows: revitalizing targeted inner city neighborhoods, developing and managing affordable rental property, and providing homeownership opportunities.…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President Director/trustee, officer, 40.0 hrs/week | $341,173 | $0 | $40,412 | $381,585 |
| COO / Assistant Secretary Director/trustee, officer, 40.0 hrs/week | $264,372 | $0 | $26,610 | $290,982 |
| Sr. VP of Real Estate Development Director/trustee, officer, 40.0 hrs/week | $219,910 | $0 | $13,735 | $233,645 |
| Sr. VP of Development & Co Director/trustee, officer, 40.0 hrs/week | $209,565 | $0 | $541 | $210,106 |
| Chief Strategy Officer Director/trustee, officer, 40.0 hrs/week | $191,092 | $0 | $9,189 | $200,281 |
| CFO / Treasurer Director/trustee, officer, 40.0 hrs/week | $198,956 | $0 | $541 | $199,497 |
| Vice-President-Property Director/trustee, officer, 40.0 hrs/week | $180,084 | $0 | $11,346 | $191,430 |
19 people received more than $100,000 in reportable compensation from DreamKey Partners (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b20 · 19 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 549
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| Weaver Cooke Construction LLC Construction | $21,179,300 |
| JM Cope Construction Construction | $12,484,480 |
| Rehab Builders Inc Construction | $10,624,144 |
| JCB Urban Construction | $5,905,830 |
| JO Flowe Grading Co LLC Construction | $737,122 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to DreamKey Partners totaling $422K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from DreamKey Partners's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for DreamKey Partners, you can publish a response that is linked from this page.
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Of every $100 DreamKey Partners spent in 2024, $82.55 went to programs. The full breakdown, from its IRS Form 990:
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All housing & shelter charities · Largest charities in North Carolina
Questions people ask
How much of DreamKey Partners's spending goes to programs?
In calendar year 2024, DreamKey Partners reported that 82.6% of its $21.5 million in expenses went to program services, 17.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does DreamKey Partners pay its top executive?
The largest total compensation DreamKey Partners reported for one person in calendar year 2024 was $381,585, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does DreamKey Partners get its money?
Of $27.6 million in revenue in calendar year 2024, 22.5% came from contributions and grants (including 15.4% from government grants) and 65.7% from program service revenue (Form 990, Part VIII).
Is DreamKey Partners a registered charity?
The IRS lists EIN 56-1620516 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543189349308374 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423449349300422 · read the filing
- 2022: Form 990 for calendar year 2022, object 202302509349301115 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243139349303869 · read the filing
- 2020: Form 990 for calendar year 2020, object 202101809349301010 · read the filing
- 2019: Form 990 for calendar year 2019, object 202041979349303504 · read the filing
All filings for EIN 56-1620516: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.