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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 87-1105545

DREAMS COME TRUE FOUNDATION INC

Also known as KOREAN AMERICAN REAL ESTATE PROFESS

Tax-exempt · ARCADIA, CA 91006

Financials

$26K$27K2023$66K$47K2024
Revenue Expenses · by fiscal year end
Financials of DREAMS COME TRUE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$66,413$47,120$19,293$13,062$6,100$6,962
December 31, 2023990-EZ$26,430$26,615-$185$3,028$10,160-$7,132
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$44,512
Membership dues
$1,710
Program service revenue
$20,191
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fees and payments to contractors
$1,125
Other expenses
$45,995
Program services (functional)
$45,796

Balance sheet and other

Total assets, start of year
$3,028
Total assets, end of year
$13,062
Total liabilities, end of year
$6,100
Net assets, end of year
$6,962
Cash, savings and investments
$13,062
Gross receipts
$66,413

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Peter ParkChairman/Secretary30$0
Young AhnPresident30$0
Steven LeeTreasurer20$0
990-EZ for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Peter ParkChairman/Secretary30$0
Young AhnPresident30$0
Steven LeeTreasurer20$0

Address and contacts

Address (IRS master file)
34 E FOOTHILL BLVD, ARCADIA, CA 91006-2305
In care of
% YOUNG AHN
Signed the 990-EZ
Peter Park, Chairman/Secretary
Phone
(323) 388-6433
Return prepared by
Swift Philanthropy Solutions

California records

California keeps its own records of charities and corporations. Search them by EIN 87-1105545 or by the name DREAMS COME TRUE FOUNDATION INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

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.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $45,796

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for DREAMS COME TRUE FOUNDATION INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
87-1105545
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$13,062
Income (IRS master file)
$66,413

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$66,413$47,120$13,062XML
990-EZDecember 2023$26,430$26,615$3,028XML
990-EZDecember 2022–––IRS

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 87-1105545).

Questions about DREAMS COME TRUE FOUNDATION INC

What is the EIN of DREAMS COME TRUE FOUNDATION INC?
The employer identification number (EIN) of DREAMS COME TRUE FOUNDATION INC is 87-1105545.
Is DREAMS COME TRUE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to DREAMS COME TRUE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DREAMS COME TRUE FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DREAMS COME TRUE FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DREAMS COME TRUE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of DREAMS COME TRUE FOUNDATION INC?
The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does DREAMS COME TRUE FOUNDATION INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $66,413, expenses of $47,120 and total assets of $13,062 at year end.

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