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DREAMS COME TRUE FOUNDATION INC

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Public IRS 990 nonprofit record

DREAMS COME TRUE FOUNDATION INC

EIN 87-1105545 · Real Estate Associations (S47)

What they do

During 2024: *DCTF Hosted Five First-time Homebuyer Seminars, Including One In The Korean Language, and Participated In Four Additional Homeownership Fairs. *Directly Assisted Three First-time Homebuyers In Securing Their Dream Homes With Grants and Down Payment Assistance (DPA),while Continuing to Support Many Others In Their Journey Toward Homeownership. *Educated Over 600 Potential First-time Homebuyers. *Engaged With More Than 80 First-time Homebuyers, Providing Guidance and Preparation to Help Them Turn Their Homeownership Dreams Into Reality. *Advocated With Federal Entities, Including Freddie Mac, to Ensure The AAPI Community is Properly Represented In Policies and Mandates. *Collaborated With Major Corporations to Incorporate The Well-being of The AAPI Community In Their Business Practices and Mergers. *Represented The AAPI Community At The Home Free-USA Convention. *Held Multiple Meetings With The L.A. City Affordable Housing Department to Address Challenges and Develop Soluti

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $97.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

68.96%of revenue went to mission work97.2% of expenses · Program services
$70.95spent for every $100 of revenueRevenue covered expenses this year.
$0.15in assets for every $1 spent this yearSome assets cannot be spent right away.
67.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$66,413
Mission workProgram services$45,79668.96% of revenue97.2% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$19,29329.05% of revenueShown in gray on the chart
Total expenses$47,12070.95% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 97.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 70.95% of revenue
2023Expense mix: 85.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 100.70% of revenue
2022Expense mix: 61.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 104.90% of revenue

Money in and money out

Revenue$66,413
Expenses$47,120
Annual surplus $19,293 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$45,796 · 97.2% of expenses
See all reported dollar amounts
Revenue$66,413
Expenses$47,120
Assets$6,962
Income$66,413
Contributions$44,512
Mission work (program services)$45,796
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

PETER PARKCHAIRMAN/SECRETARY

STEVEN LEETREASURER

YOUNG AHNPRESIDENT

About this charity

Recognized since
January 2022
Location
34 E Foothill Blvd, Arcadia, CA 91006
County
Los Angeles
In care of
Peter Park
Primary officer
Peter Park, Chairman/Secretary

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990EZ
Tax preparer
SWIFT PHILANTHROPY SOLUTIONS
NTEE classification
Real Estate Associations (S47)
IRS tax category
Real Estate Associations

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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