MAKING DREAMS REAL INC

SHERMAN, TX | Grayson County
Community Services
MAKING DREAMS REAL INC
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As of 4/28/2023, this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification: This nonprofit no longer appears in the IRS Business Master File of exempt organizations and may have ceased operations or merged with another organization.

Overview

MAKING DREAMS REAL INC
47-4479737
1725 SOUTH FM 1417
SHERMAN, TX 75092
Grayson County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Community Services
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
F30

F - Mental Health, Crisis Intervention

Mental Health Treatment

Organizations that provide preventive, diagnostic and treatment services in a variety of community and hospital-based settings to help people to achieve and maintain a state of emotional well-being, personal empowerment and the skills to cope with everyday demands without excessive stress. Use this code for types of mental health organizations not specified below or for organizations that combine multiple types of care within the same facility.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
621420
Outpatient Mental Health and Substance Abuse Centers

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$52.6K
Revenue
$52.6K
Assets
$10.6K

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
2015-10
Deductibility Status info
Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of April 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
1725 SOUTH FM 1417
SHERMAN, TX 75092
Grayson County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
43300
MSA/MD info
48
State info
181
County info
0017.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
43300 - Sherman-Denison, TX
Combined Statistical Area info
206 - Dallas-Fort Worth, TX-OK
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 41.70%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0017.00 Grayson County
Population
Total Population 5,864 134,205
Total Households 2,373 51,021
Income
Median Family Income (Census*) $48,977 $62,078
Median Family Income (2022 FFIEC est.) $78,200 $78,200
Tract Income Percentage 68.35% N/A
Below Poverty Level 22.7% 12.0%
Unemployment Level 8.1% 3.9%
Housing
Total Housing Units 2,464 57,980
Total Owner-Occupied Units 28.8% 67.3%
Total Renter-Occupied Units 67.5% 32.7%
Total Vacant Units 3.7% 6%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

Not reported
Total Voting Members
in Governing Body info
Not reported
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Not reported by nonprofit.
Principal Officer info
Not reported by nonprofit.
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.