Dream Center of Forsyth County

Nonprofit profile at a glance

EIN
263196368
IRS 990 coverage
2020–2025
Forms available
Form 990 2025, Form 990-EZ 2019, Form 990-N 2009
Location
Winstonsalem, NC, USA
Phone
3367669188
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$997,456
Expenses
$662,992
Assets
$2,080,396
Liabilities
$1,847,719

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Highest reported compensation

  • CHRIS LEAB (EX-OFFICIO): $11,750 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide assistance for those in need

What it reported doing in 2025

The organization connects individuals/families with the resources they need so they can build toward future success and path to self-sufficiency. We believe by breaking the cycles of poverty, we can build equity for future generations. In 2025, we moved into our new home in downtown winston-salem, nc. It is 35% larger than our previous building. Housed in one location, our seven programs help 30,000+ individuals annually rebuild hope, one dream at a time.evolve was also formed which is a 16 week adult mentoring program that provides a transformative experience.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 86
  • Accountability: 65
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.1%; rating input score 55
  • Program expense ratio: 82.9%; rating input score 83
  • Fundraising efficiency: $22.16 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 15th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 26th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 33.5%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 3.14; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.89; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 1.8%; rating input score 55; 55th percentile among comparable filings

Growth

  • Program expense growth: 34.6% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 17.9% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 28% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 55.1% of revenue deployed · 82.9% of spending went to programs
  • Governance: 9 of 10 board members independent · 2 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $550K in reported program spending
  • Leadership: top reported pay $12K · 10 people listed
  • Highest-paid contractors: 1 contractor listed · $363K reported
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 58/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Review — Sustainability: Officer compensation ratio scored 55/100.