Dream Homes & Development Corporation

Core business

Real estate construction and development company focused on residential properties in central and southern New Jersey.
Fully integrated operations covering land development and approvals, infrastructure, site-built and modular construction, engineering and structural design, soil studies, architectural/design/build services, construction management, general contracting, and home elevation project management.
Services span site and plan design through project completion, providing turn-key solutions for residential projects.

New home development and construction, including single-family and multi-family housing.
Build to Lease (B2L), finished lots for sale, and elevation/renovation projects.
The company is transitioning to emphasize Build to Lease and improved lots for sale as strategic revenue streams in response to market trends and financing incentives.
Build to Lease division: two new multi-family developments (79 units total) are being converted from Build for Sale to Build for Lease, with the intent to hold and lease upon completion.
Plans to develop and improve additional parcels via land contracts or other options for future Build to Lease, improved lots for sale, and additional development opportunities.

Historically focused on new home development and elevation/renovation.
Strategic shift to scale the new-home development business while prioritizing Build to Lease and improved lots for sale to align with market demand and lender preferences.
Build to Lease is being implemented as an ongoing rental income division.

Five developments totaling 357 units are in title or under contract and in development.
Of those 357 units, two new multi-family developments (79 units) are being converted to Build to Lease.
The company anticipates additional opportunities to secure land for development, improvement, Build to Lease, and improved lots for sale.

Operations primarily in central and southern New Jersey.
Target counties: Ocean, Atlantic, Cape May, Monmouth, and Middlesex.
Markets benefit from infrastructure, proximity to Atlantic City, New York, and Philadelphia, tourism, and ongoing affordable housing demand.

8 full-time employees as of December 31, 2023, including 3 officers.
Additional part-time employees engaged on an as-needed basis.
As of December 31, 2023, the company had not entered into any employment or consulting agreements.
Management team: Vincent C. Simonelli (President / CEO / Chairman), Rich Pezzullo (Director), Valerie Jones (Senior VP / Secretary), Mark Sampson (Regional Supervisor), with legal counsel David Shaheen, Esq. and Christopher Dieterich, Esq., among other personnel.
Board of directors: 3 members — Vincent Simonelli, Christopher Deiterich, and Richard Pezzullo. Christopher Deiterich is independent; the other members hold leadership roles.
Ownership: As of December 31, 2025, principal stockholders, directors, executive officers, and affiliated entities held approximately 79.0% of outstanding shares. Vincent Simonelli and affiliated entities previously owned/controlled 56.80%.

The company has never declared or paid a cash dividend and does not intend to pay dividends in the foreseeable future.
The company discusses financing and debt-related risks, including the potential need for external capital.

Publicly traded in the over-the-counter market (OTCBB) and classified as a penny stock.
Emphasis on governance, disclosure, and internal controls, with ongoing costs and obligations related to Sarbanes-Oxley compliance as an emerging growth company.

Corporate headquarters: 314 South Main Street, Forked River, New Jersey 08731.
Office lease in Forked River, NJ; rent increased from $2,500 to $3,000 monthly by September 2023.

Buyers include first-time and move-up purchasers, retirees, young professionals, and national home builders as purchasers of finished lots.
Build to Lease customers will be renters of completed multi-family developments.