Dreams Come True Foundation Inc

Nonprofit profile at a glance

EIN: 871105545
IRS 990-EZ coverage: 2022–2024
Forms available: Form 990-EZ 2024
Location: Arcadia, CA, USA
Phone: 3233886433
Rating: 80
Verdict: STRONG
Rating confidence: Moderate
Sector: Real Estate Associations

Reported finances

Revenue: $66,413
Expenses: $47,120
Assets: $13,062
Liabilities: $6,100

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

Young Ahn (President)

People named in this filing

Peter Park (Chairman/Secretary)
Young Ahn (President)
Steven Lee (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to inspire and create a better society where everyone has a safe home, enabling them to pursue their dreams and contribute to a better world. To this end, DCTF empowers real estate professionals and community leaders to increase sustainable homeownership and ensure affordable and resilient housing for the AAPI community, and other minority communities at large. We champion diversity, equity, and economic opportunities by generating and pooling resources to foster a more inclusive and stronger society.

What it reported doing in 2024

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 solutions for expanding affordable housing. *Hosted a fireside chat with Congresswoman Judy Chu. *Actively engaged with the L.A. City Homelessness Department to bring critical resources to the community. *Hosted a symposium with CERIK, a leading Korean semi-governmental real estate research institute, to exchange knowledge and solutions for affordable and senior housing. *Formed collaborations with FIABCI Korea and the K-Expats Forum to address population challenges in advanced countries. *Organized multiple networking and educational events for members. *Conducted seminars for over 400 Korean nationals on U.S. home ownership. *Distributed free food to more than 400 people. *Established seven chapters and two diversity-focused chapters nationwide. *Launched a Google Ad campaign to educate first-time homebuyers. *Formed the Resilient Housing Committee. *Hosted the Korea Alliance Mission 2024.Preparing to launch Explore Philippines 2025. *Engaged in two affordable housing projects comprising 40 and 200 units.

Operating model

Revenue model: Donor-supported. 67% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.

Rating breakdown

Financial Efficiency: 80
Transparency & Controls: 82
Sustainability: 52
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 69%; rating input score 69
Program expense ratio: 97.2%; rating input score 97

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: 29.1%; rating input score 81; 81st percentile among comparable filings
Total-asset coverage ratio: 0.28; rating input score 20; 20th percentile among comparable filings
Liabilities to assets ratio: 0.47; rating input score 9; 9th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 63% per year; rating input score 100; 95th percentile among comparable filings
Revenue growth: 64.1% per year; rating input score 100; 98th percentile among comparable filings
Asset growth: 78.1% per year; rating input score 100; 98th percentile among comparable filings

Details

Where the money goes: 69% of revenue deployed · 97.2% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $46K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 9 of 9 current checks pass
Schedules: 2 filed schedules
Filing history: 3 filing years from 2022 to 2024
Contacts: How to reach this organization
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.

High — Sustainability: Total-asset coverage ratio scored 20/100.
High — Sustainability: Liabilities to assets ratio scored 9/100.
Review — Sustainability: Officer compensation ratio scored 56/100.