Boston Dream Center
- Assets
- $691.2k
- Revenue
- $447.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Los Angeles, CA
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-1561016
Organization Overview
Boston Dream Center, operating under the name Mercy Street, is located in Los Angeles, CA. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Mercy Street employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Street is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Mercy Street generated $447.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $337.6k during the year ending 12/2021. While expenses have increased by 16.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY MISSION IS TO REACH OUT TO INDIVIDUALS AND FAMILIES IN THE CITIES OF BOSTON AND LOS ANGELES, ESPECIALLY THE LOST, LONELY, WOUNDED AND FORGOTTEN AND PROVIDING CARE AND COMPASSION SERVICES, CLASSES, COUNSELING,OUTREACHES, AND MINISTRIES THAT WILL MEET THEIR SHORT AND LONG TERM NEEDS.
Describe the Organization's Program Activity:
REACHING OUT AND PROVIDING CARE AND COMPASSION SERVICES, CLASSES, COUNSELING, OUTREACHES AND MINISTRIES TO LOST, LONELY, WOUNDED AND FORGOTTEN PEOPLE IN THE CITIES OF BOSTON AND LOS ANGELES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Donegan President | OfficerTrustee | 40 | $52,914 |
Karen Ricketts Treasurer | OfficerTrustee | 2 | $0 |
Nick Fatato Board Chairp | Trustee | 2 | $0 |
Kevin Sibley Board Member | Trustee | 2 | $0 |
Judy Kee Board Member | Trustee | 2 | $0 |
Ken Craft Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $442,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,603 |
| Total Program Service Revenue | $0 |
| Investment income | $573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,097 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,914 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,892 |
| Payroll taxes | $17,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,106 |
| Fees for services: Accounting | $6,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,866 |
| Advertising and promotion | $2,518 |
| Office expenses | $23,413 |
| Information technology | $4,898 |
| Royalties | $0 |
| Occupancy | $22,597 |
| Travel | $5,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,298 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,408 |
| Insurance | $3,536 |
| All other expenses | $5,400 |
| Total functional expenses | $337,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,166 |
| Savings and temporary cash investments | $210,578 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $465,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $691,243 |
| Accounts payable and accrued expenses | $7,541 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $577,596 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $585,137 |
| Net assets without donor restrictions | $106,106 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $691,243 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Boston Dream Center has recieved totaling $11,286.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,643 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,643 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Neighborhood House Assn San Diego, CA | $20,146,968 | $97,699,697 |
Portable Practical Educational Preparation Inc Tucson, AZ | $20,477,573 | $94,704,086 |
Chicanos Por La Causa Inc Phoenix, AZ | $7,948,599,708 | $121,803,796 |
Sbcs Corporation Chula Vista, CA | $44,117,675 | $87,559,700 |
Bay Area Community Services Inc Oakland, CA | $30,842,402 | $71,014,541 |
United Movement Inc Las Vegas, NV | $7,228,928 | $63,347,968 |
Nevada H A N D Inc Las Vegas, NV | $197,568,857 | $83,930,370 |
Lift To Rise Palm Desert, CA | $10,036,798 | $56,799,508 |
Catholic Charities Of Santa Clara County San Jose, CA | $37,221,303 | $52,659,902 |
Farmlink Project Pacific Palisades, CA | $3,073,736 | $51,204,063 |
Arizonas Children Association Tucson, AZ | $18,515,748 | $50,621,725 |
Catholic Charities Of Los Angeles Los Angeles, CA | $401,651,832 | $56,844,483 |