Nonprofit · EIN 42-1455749
DREAM CATCHER
Tax-exempt (reinstated) · JOHNSTON, IA 50131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $90,067 | $131,266 | -$41,199 | $73,309 | – | $73,309 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $900
- Program service revenue
- $89,167
Expenses
- Grants and similar amounts paid
- $131,250
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $16
- Program services (functional)
- $131,250
Balance sheet and other
- Total assets, start of year
- $114,508
- Total assets, end of year
- $73,309
- Total liabilities, end of year
- –
- Net assets, end of year
- $73,309
- Cash, savings and investments
- $29,309
- Gross receipts
- $90,067
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph O'Hern | President | 10 | $0 |
| Judy Anderson | Vice President | 2 | $0 |
| Mark Johnson | Secretary | 3 | $0 |
| Thomas Leffler | Treasurer | 3 | $0 |
| Irene Hardisty | Director | 2 | $0 |
| Y Renee Johnson | Director | 2 | $0 |
| Carla Pope | Director | 2 | $0 |
| Sheri Krone | Director | 2 | $0 |
| Bill Hedlund | Director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 5985 NW 61ST AVE, JOHNSTON, IA 50131-1522
- In care of
- % JOSEPH OHERN
- Mailing address (990-N for 2025)
- 5985 NW 61st Ave, Johnston IA 50131
- Principal officer (990-N for 2025)
- Joseph O'Hern, 6085 Greywood Cir, Johnston IA 50131
- Signed the 990-EZ
- Thomas, Leffler
Mission
Facilitate development of affordable and accessible housing.
Program accomplishments
- Lyn Crossing Housing oversaw operation of 50 unit apartment complex designed for low income people and people with disabilities. Conducted capital needs assessment obtained a major grant for capital replacement through a matching contribution to the program.Expenses $131,250 · grants $131,250
- Lillis Lofts oversaw continuing operation of 43 unit apartment for low income people.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 42-1455749
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L20)
Revocation and reinstatement
- Exemption revoked
- May 15, 2019
- Posted by the IRS
- August 12, 2019
- Reinstated
- Effective May 15, 2019
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Joseph O'Hern | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: Joseph O'Hern | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2023 Officer: Joseph O'Hern | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $90,067 | $131,266 | $73,309 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Joseph O'Hern | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2015 Officer: William Hedlund | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1455749).
Questions about DREAM CATCHER
- What is the EIN of DREAM CATCHER?
- The employer identification number (EIN) of DREAM CATCHER is 42-1455749.
- Is DREAM CATCHER tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2019 and reinstated it effective May 15, 2019.
- Are donations to DREAM CATCHER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREAM CATCHER file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DREAM CATCHER due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DREAM CATCHER last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of DREAM CATCHER?
- The 990-N for 2025 names Joseph O'Hern.
- Who are the officers and directors of DREAM CATCHER?
- The 990-EZ for the year ended December 31, 2023 lists 9 people; 0 received compensation from the organization.
- How much revenue does DREAM CATCHER have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $90,067, expenses of $131,266 and total assets of $73,309 at year end.
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