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Dream Community Foundation

Charitable organizationOrganizations relieving poverty·301 - 30 ADELAIDE ST E · TORONTO, ON · M5C 3H1·BN 791367600RR0001·website ↗

Last reported: F2024 filing · period ending 2024-12-31

This charity filed the simplified return, so some figures can't be computed. Fewer numbers, never invented ones.

What it does — in its own words

Ongoing programs

'DREAM COMMUNITY FOUNDATION (THE 'FOUNDATION') WAS INCORPORATED ON JUNE 25 2021 UNDER THE PROVISION OF PART II OF THE CANADA CORPORATIONS ACT AS A NON PROFIT CORPORATION WITHOUT SHARE CAPITAL. IT IS A REGISTERED CHARITY UNDER THE INCOME TAX ACT AND AS A RESULT THE ORGANIZATION IS EXEMPT FROM INCOME TAXATION UNDER SECTION 149 OF THE INCOME TAX ACT. THE PURPOSE OF THE FOUNDATION IT TO RELIEVE POVERTY AND TO ADDRESS AND PREVENT PROBLEMS FACED BY VULERABLE POPULATIONS INCLUDING INDIVIDUALS AND FAMILIES WHO ARE VULNERABLE PORR UNDERSERVED UNDER SUPPORTED OF LIMITED MEANS OF LOW INCOME OR Show more

'DREAM COMMUNITY FOUNDATION (THE 'FOUNDATION') WAS INCORPORATED ON JUNE 25 2021 UNDER THE PROVISION OF PART II OF THE CANADA CORPORATIONS ACT AS A NON PROFIT CORPORATION WITHOUT SHARE CAPITAL. IT IS A REGISTERED CHARITY UNDER THE INCOME TAX ACT AND AS A RESULT THE ORGANIZATION IS EXEMPT FROM INCOME TAXATION UNDER SECTION 149 OF THE INCOME TAX ACT. THE PURPOSE OF THE FOUNDATION IT TO RELIEVE POVERTY AND TO ADDRESS AND PREVENT PROBLEMS FACED BY VULERABLE POPULATIONS INCLUDING INDIVIDUALS AND FAMILIES WHO ARE VULNERABLE PORR UNDERSERVED UNDER SUPPORTED OF LIMITED MEANS OF LOW INCOME OR IN NEED BY: (A) DEVELOPING MANAGING OPERATING AND PROVIDING IN HOME STABILITY HOUSING SELECTION HOUSING RENTALS AND OTHER AFFORDABLE HOUSING PROGRAMS AND SERVICES; AND (B) PROVIDING SOCIAL SUPPORT AND ECONOMIC DEVELOPMENT SERVICES AND PROGRAMS INCLUDING JOB AND SKILLS TRAINING JOB OR CONTRACT PLACEMENT PROGRAMS AND OTHER SOCIAL HEALTH COMMUNITY OUTREACH AND COMMUNITY INTEGRATION SERVICES PROGRAMS AND SUPPORTS. IN ADDITION THE FOUNDATION RECEIVES AND MAINTAINS A FUND OR FUNDS AND APPLIES ALL OR PART OF THE PRINCIPAL AND INCOME THEREFROM FROM TIME TO TIME TO QUALIFIED DONEES AS DEFINED IN SUBSECTION 149.1(1) OF THE CANADIAN INCOME TAX ACT.

New programs

YMCA - MOM & BABY YOGA; NATIONAL ARTS CENTREXZIBI SUMMER DANCE SERIES; REGINA JAZZ FREE CONCERT SERIES; SCIENCE ON THE PARKX2; DREAM BIG BASKETBALL PROGRAM; SENIORS WORKSHOPS AND BLACK HISTORY MONTH YOUTH EVENT.

Program descriptions from its F2024 T3010 filing, verbatim · self-reported · this is also the text our semantic search matches against. source ↗

Tier 1 — what we computed (open data)

From the charity's own F2024 T3010 filing. Self-reported; not independently verified. You can recompute every figure.

Cents to cause

T1 · computed (open data)

Not computable from this filing.

Sector median: 89¢ across 55,155 computed charities.

T3010 line 5000 ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗

Operating overhead

T1 · computed (open data)

100%

Management, administration, and fundraising as a share of total spending. We treat 5–35% as the typical range; we state the figure, you judge.

T3010 line (5010 + 5020) ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗

Reserves

T1 · computed (open data)

Years current reserves could cover program spending.

Sector quartiles: 0.4 yr / 0.8 yr / 7.5 yr (p25 / median / p90).

T3010 line (4100 + 4140) ÷ 5000 · Self-reported on the T3010; not independently verified. source ↗

Total revenue

T1 · computed (open data)

$1.4M

Last-reported total revenue.

T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗

Donor-funded

T1 · computed (open data)

0%

Share of revenue from receipted donations.

T3010 line 4500 ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗

Government-funded

T1 · computed (open data)

0%

Share of revenue from federal, provincial, and municipal sources.

T3010 line 4570 (or 4540+4550+4560) ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗

★ Tier 2 — Charity Intelligence (analyst-reviewed)

Not rated by Charity Intelligence. Their analysts cover 618 of Canada's 83,761 charities; absence of a rating says nothing about this charity. Our computed figures above stand on their own.

Board of directors

6 directors reported · 4 of 6at arm's length

  • COOPER, MICHAELDIRECTORnot at arm's length
  • HUGHES, ROBERTSECRETARYarm's length
  • KOO, HANLEYSECRETARYarm's length
  • KOO, KRYSTALCHAIRnot at arm's length
  • WADLEY, GORDONVICE-PREISDENTarm's length
  • YANGKI, TSERINGDIRECTORarm's length

From its F2024T3010 filing (public CRA record), as filed. “Arm's length” means not related to other officials by family or business ties. source ↗

Right of reply

This charity hasn't added a response yet. When it does, it appears here, beside the numbers, and is never removed. Represent this charity? Submit a response.

Verify everything: full public record on CharityData.ca ↗ · CRA charities listing ↗

Dream Community Foundation: CRA filing and financial data · Charity Compass