Dream Center Foundation

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 9/24/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

The Dream Center, a volunteer driven organization that finds and fills the needs of individuals and families alike, was founded in 1994 and currently serves over 40,000 people each month.

Outreach Programs: Reaching up to 23 neighborhoods around LA county every week, we provide resources and create relationships with the people of our community.

Residential Programs: With over 500 spaces available to individuals and families, our residential programs provide people the opportunity to rebuild their lives in a safe and structured environment.

Resource Programs: Collaborating with other organizations, we provide further resources and supply the foundational needs that help our residents and communities thrive.


Contact information

Mailing address:
Dream Center Foundation
2301 Bellevue Ave
Los Angeles, CA 90026

Website: dreamcenter.org

Phone: 213-273-7000

Email: info@dreamcenter.org


Organization details

EIN: 412269686

CEO/President: Caroline Barnett

Chairman: Tommy Barnett

Board size: 13

Founder: Tommy and Caroline Barnett

Ruling year: 2010

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Our Vision: To see everyone live their God-given dream.

In efforts to provide opportunities for people to rebuild and transform their lives, the Dream Center offers the tools, education, community, and support through various programs available, all free of charge.


Mission statement

Transforming lives and communities through Christ- body, soul, spirit.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating154 of 102235 of 160
Fund acquisition rating403 of 102463 of 160
Resource allocation rating97 of 102421 of 160
Asset utilization rating372 of 102267 of 160

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%8%9%1%0%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%8%9%1%0%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%98%98%98%99%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%8%9%1%0%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%2%2%2%1%2%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%88%81%86%89%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%103%99%103%96%94%
Program output ratio Program output ratio =
Program services /
Total revenue
70%90%80%89%85%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%-3%1%-3%4%6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%-2%1%-2%2%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%5%10%13%11%9%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.550.770.650.580.330.22
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.271.001.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.850.770.650.580.330.22
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.95204.80239.04274.6489.96360.53
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.000.000.000.010.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.5315.5518.3320.5735.6254.28
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%1%2%2%35%2%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%34%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
150%129%151%169%195%446%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$234,058$1,139,905$480,670$1,015,963$262,287
Receivables, inventories, prepaids$34,949,429$35,080,000$35,352,766$55,442,946$35,303,149
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$35,183,487$36,219,905$35,833,436$56,458,909$35,565,436
Long-term investments$0$0$0$0$0
Fixed assets$1,500$2,100$3,954$2,208$2,576
Other long-term assets$0$0$87,047$0$0
Total long-term assets$1,500$2,100$91,001$2,208$2,576
Total assets$35,184,987$36,222,005$35,924,437$56,461,117$35,568,012
 
Liabilities20212020201920182017
Payables and accrued expenses$171,795$151,523$130,474$127,634$98,649
Other current liabilities$0$0$0$500,000$0
Total current liabilities$171,795$151,523$130,474$627,634$98,649
Debt$0$0$0$19,139,316$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$150,000$505,700$500,000$0$500,000
Total long-term liabilities$150,000$505,700$500,000$19,139,316$500,000
Total liabilities$321,795$657,223$630,474$19,766,950$598,649
 
Net assets20212020201920182017
Without donor restrictions$34,863,192$35,564,782$35,293,963$36,694,167$34,969,363
With donor restrictions$0$0$0$0$0
Net assets$34,863,192$35,564,782$35,293,963$36,694,167$34,969,363
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$25,786,672$23,392,061$19,928,839$19,389,585$8,176,183
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$522,612$582,601$356,401$349,053$174,133
Other revenue$0$0$0($90,185)($21,916)
Total other revenue$522,612$582,601$356,401$258,868$152,217
Total revenue$26,309,284$23,974,662$20,285,240$19,648,453$8,328,400
 
Expenses20212020201920182017
Program services$23,678,053$19,098,174$17,978,638$16,656,778$7,067,118
Management and general$1,263,398$2,465,687$2,707,495$2,143,035$677,163
Fundraising$2,069,505$2,053,032$138,629$8,978$96,346
Total expenses$27,010,956$23,616,893$20,824,762$18,808,791$7,840,627
 
Change in net assets20212020201920182017
Surplus (deficit)($701,672)$357,769($539,522)$839,662$487,773
Other changes in net assets$0$0$0$0$0
Total change in net assets($701,672)$357,769($539,522)$839,662$487,773

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 9/24/2021. To update the information below, please email: info@ministrywatch.com


History


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