Liabilities / Assets
89th percentile
Higher debt load relative to assets than 89% of similar nonprofits.
Aspiration of Hope Inc.
EIN 26-2529040 • 501(c)3 • Durham, NC
Pub. 78 Eligible990-N CoverageNTEE B90
Profile
To service disadvantage, low to moderate income, and underserved individuals, families, and youths through providing mentorships, workshops, and resources in the areas of financial literacy and socioeconomic development that will empower people to achieve lifelong goals, entrepreneurial endeavors, and make their dreams into a reality.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.67x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
90th percentile
Higher net margin than 90% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$133,824
No earlier filing loaded for comparison.
Liabilities
$90,000
No earlier filing loaded for comparison.
Net Assets
$43,824
No earlier filing loaded for comparison.
Revenue
$57,426
No earlier filing loaded for comparison.
Expenses
$16,752
No earlier filing loaded for comparison.
Net Income
$40,674
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $133,824
- Liabilities
- $90,000
- Net assets
- $43,824
- Revenue
- $57,426
- Expenses
- $16,752
- Net income
- $40,674
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Apr 30, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $57,426
Mission and Program Overview
Mission
To service disadvantage, low to moderate income, and underserved individuals, families, and youths through providing mentorships, workshops, and resources in the areas of financial literacy and socioeconomic development that will empower people to achieve lifelong goals, entrepreneurial endeavors, and make their dreams into a reality.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| UGLY PROJECT-TO ACQUIRE AND REFURBISH BLIGHTED STRUCTURES IN DESTRESSED NEIGHBORHOODS FOR INVENTORY TO SALE LOW TO MODERATE INCOME FAMILIES THAT COULD OTHERWISE NOT HAVE THE ABILTY TO PURCHASE A HOME. | - | $6,572 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JASON REDMOND | Executive Di | FT | $0 | - | - |
| JENARIO THORNTON | Chairman | - | $0 | - | - |
| JALON REDMOND | Vice Chairma | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Dreams to Reality Inc
- EIN
- 26-2529040
- Phone
- 9842457071
- Address
- 4223 LAZYRIVER DR, DURHAM, NC 27712
Signing Officer
- Name
- Jason Redmond
- Title
- Executive Director
- Phone
- 9842457071
- Signed
- 2024-04-30
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Wtb and Associates Inc
- Address
- 5322 HIGHGATE DR STE 242-A, DURHAM, NC 27713-6633
- Preparer
- Wayland T Brown Ea
- Phone
- 9198065218
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses 6,102 831 automobile expenses 1,395 food expenses 544 supplies 4,329 telephone 3,144 total 16,345”
Form 990-ez, Part I, Line 20
“Book / tax depreciation difference -350”
Form 990-ez, Part II, Line 24
“Inventories for sale or use 0 125,184 3,500 3,500 less accumulated depreciation 0 350 total 3,500 128,334”
Form 990-ez, Part II, Line 26
“Unsecured notes and loans payable 0 90,000”
Form 990-ez, Part III
“To service disadvantage, low to moderate income, and underserved individuals, families, and youths through providing mentorships, workshops, and resources in the areas of financial literacy and socioeconomic development that will empower people to achieve lifelong goals, entrepreneurial endeavors, and make their dreams into a reality.”
Raw XML Appendix129 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JASON REDMOND |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9842457071 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4223 LAZYRIVER DR |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | DURHAM |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27712 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 5490 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 57426 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 40674 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 3500 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 133824 |
| IRS990EZ/GrossReceiptsAmt | 0 | 57426 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 3500 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 43824 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 3500 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 43824 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 118 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 50.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JASON REDMOND |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JENARIO THORNTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JALON REDMOND |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VICE CHAIRMA |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 3500 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 128334 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -350 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 16345 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO SERVICE DISADVANTAGE, LOW TO MODERATE INCOME, AND UNDERSERVED INDIVIDUALS, FAMILIES, AND YOUTHS THROUGH PROVIDING MENTORSHIPS, WORKSHOPS, AND RESOURCES IN THE AREAS OF FINANCIAL LITERACY AND SOCIOECONOMIC DEVELOPMENT THAT WILL EMPOWER PEOPLE TO ACHIEVE LIFELONG GOALS, ENTREPRENEURIAL ENDEAVORS, AND MAKE THEIR DREAMS INTO A REALITY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 289 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | UGLY PROJECT-TO ACQUIRE AND REFURBISH BLIGHTED STRUCTURES IN DESTRESSED NEIGHBORHOODS FOR INVENTORY TO SALE LOW TO MODERATE INCOME FAMILIES THAT COULD OTHERWISE NOT HAVE THE ABILTY TO PURCHASE A HOME. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 6572 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 90000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 16752 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 6572 |
| IRS990EZ/TotalRevenueAmt | 0 | 57426 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 57426 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 57426 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 57426 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 57426 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 57426 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 57426 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES 6,102 831 AUTOMOBILE EXPENSES 1,395 FOOD EXPENSES 544 SUPPLIES 4,329 TELEPHONE 3,144 TOTAL 16,345 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BOOK / TAX DEPRECIATION DIFFERENCE -350 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | INVENTORIES FOR SALE OR USE 0 125,184 3,500 3,500 LESS ACCUMULATED DEPRECIATION 0 350 TOTAL 3,500 128,334 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | UNSECURED NOTES AND LOANS PAYABLE 0 90,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TO SERVICE DISADVANTAGE, LOW TO MODERATE INCOME, AND UNDERSERVED INDIVIDUALS, FAMILIES, AND YOUTHS THROUGH PROVIDING MENTORSHIPS, WORKSHOPS, AND RESOURCES IN THE AREAS OF FINANCIAL LITERACY AND SOCIOECONOMIC DEVELOPMENT THAT WILL EMPOWER PEOPLE TO ACHIEVE LIFELONG GOALS, ENTREPRENEURIAL ENDEAVORS, AND MAKE THEIR DREAMS INTO A REALITY. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JASON REDMOND |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9842457071 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-04-30 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DREAMS TO REALITY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DREA |
| ReturnHeader/Filer/EIN | 0 | 262529040 |
| ReturnHeader/Filer/PhoneNum | 0 | 9842457071 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4223 LAZYRIVER DR |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DURHAM |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 27712 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 205740114 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WTB AND ASSOCIATES INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5322 HIGHGATE DR STE 242-A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | DURHAM |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 277136633 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9198065218 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-04-30 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WAYLAND T BROWN EA |
| ReturnHeader/ReturnTs | 0 | 2024-04-30T18:57:35-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JASON |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | REDMOND |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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