Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 30, 2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission File No. 000-55445

DREAM HOMES & DEVELOPMENT CORPORATION

(Exact Name of Registrant As Specified In Its Charter)

Nevada

40-0011701

(State Or Other Jurisdiction

Of Incorporation Or Organization)

(I.R.S. Employer

Identification No.)

314 South Main Street Forked River, New Jersey 08731

(Address of Principal Executive Offices and Zip Code)

609 693 8881

Registrant’s Telephone Number, Including Area Code:

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☐ No ☒

Indicate by check mark whether the registrant has submitted every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☐ No ☒

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company”, or “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ☐ Accelerated Filer ☐ Non-Accelerated Filer ☐ Smaller Reporting Company ☒

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

Yes ☐ No ☒

The number of shares outstanding of the registrant’s common stock, as of November 25, 2024 was 47,414,493.

DREAM HOMES & DEVELOPMENT CORPORATION

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
Consolidated Balance Sheets (Unaudited)	F-1
(Unaudited)
Consolidated Statements of Changes in Stockholders’ Equity (Deficit( (Unaudited)	F-3
Consolidated Statements of Cash Flow (Unaudited)	F-4
Notes to Consolidated Financial Statements (Unaudited)	F-5
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	3
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS	7
ITEM 4. CONTROLS AND PROCEDURES	7

PART II. OTHER INFORMATION	8
ITEM 1. LEGAL PROCEEDINGS	8
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	8
ITEM 3. DEFAULTS UPON SENIOR SECURITIES AND CONVERTIBLE NOTES	8
ITEM 4. MINE SAFETY DISCLOSURES	8
ITEM 5. OTHER INFORMATION	8
ITEM 6. EXHIBITS	9
SIGNATURES	10

DREAM HOMES AND DEVELOPMENT CORPORATION

CONSOLIDATED BALANCE SHEETS

	September 30, 2024 (Unaudited)			December 31, 2023 (Audited)
ASSETS
CURRENT ASSETS
Cash	$	1,811,609		$	2,712,503
Accounts receivable, net		155,119			202,507
Prepaid contract interest		332,362			332,362
Contract assets		107,124			53,005
Total current assets		2,406,214			3,300,377

PROPERTY AND EQUIPMENT, net		4,500			-

OTHER ASSETS
Security deposit		2,200			2,200
Deposits and costs coincident to acquisition of land for development		7,057,720			6,805,932
Other assets		70,975			-
Total assets	$	9,541,609		$	10,108,509

CURRENT LIABILITIES
Accounts payable and accrued expenses	$	903,874		$	537,972
Accrued interest		393,295			354,722
Deposits held		562,783			510,000
Contract liabilities		157,494			232,603
Mortgages payable		1,354,473			-
Loans payable-others		46,929			236,703
Note payable-line of credit		921,960			921,960
Loans payable to related parties		701,154			523,219
Total current liabilities		5,041,962			3,317,179

Long-term mortgages payable		2,430,561			6,158,065
Total liabilities		7,472,523			9,475,244

STOCKHOLDERS’ EQUITY
Preferred stock; 5,000,000 shares authorized, $.001 par value, as of September 30, 2024 and December 31, 2023, there are no shares outstanding		-			-
Common stock; 70,000,000 shares authorized, $.001 par value, as of September 30, 2024 and December 31, 2023, there are 47,414,493 and 40,414,493 shares outstanding, respectively		47,414			40,414
Additional paid-in capital		3,696,984			2,327,330
Accumulated deficit		(1,675,312	)		(1,734,479	)
Total stockholders’ equity		2,069,086			633,265

Total liabilities and stockholders’ equity	$	9,541,609		$	10,108,509

The accompanying notes are an integral part of these financial statements.

F-1

DREAM HOMES AND DEVELOPMENT CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(UNAUDITED)

	2024			2023			2024			2023
	Three Months Ended						Nine Months Ended
	September 30						September 30
	2024			2023			2024			2023

Revenue:
Construction contracts	$	2,182,258		$	1,644,071		$	4,313,707		$	3,455,206
Cost of construction contracts		760,912			944,466			3,140,730			2,071,214
Gross profit		1,421,346			699,605			1,172,977			1,383,992

Operating Expenses:
Selling, general and administrative, including stock based compensation of $0 and $91,800, respectively		106,938			154,942			632,348			692,974
Depreciation expense		-			1,575			-			4,725
Total operating expenses		106,938			156,517			632,348			697,699

Income from operations		1,314,408			543,088			540,629			686,293

Other income (expenses):
Interest expense		(40,283	)		(20,120	)		(127,703	)		(101,167	)
Loss on debt settlement		(348,493	)		-			(348,493	)
Total other income (expenses)		(388,776	)		(20,120	)		(476,196	)		(101,167	)

Income before income taxes		925,632			522,968			64,433			585,126

Provision for income taxes					-			(5,266	)		-

Net income	$	925,632		$	522,968		$	59,167		$	585,126

Basic and diluted income (loss) per common share	$	0.02		$	0.01		$	0.00		$	0.01

Weighted average common shares outstanding-basic and diluted		47,414,493			40,414,493			47,031,281			39,394,493

The accompanying notes are an integral part of these financial statements.

F-2

DREAM HOMES AND DEVELOPMENT CORPORATION

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(UNAUDITED)

	Shares		Amount		Capital			Deficit			Total
	Common stock issued				Additional
	and to be issued				Paid-in			Accumulated
	Shares		Amount		Capital			Deficit			Total
Balance at December 31, 2022		35,824,493	$	35,824	$	2,240,120		$	(1,637,100	)	$	638,844
Net income		-		-		-			100,416			100,416
Balance at March 31, 2023		35,824,493		35,824		2,240,120			(1,536,684	)		739,260

Issuance of 4,590,000 common shares		4,590,000		4,590		87,210			-			91,800
Issuance of common shares		4,590,000		4,590		87,210			-			91,800

Net loss		-		-		-			(38,258	)		(38,258	)
Balance at June 30, 2023		40,414,493		40,414		2,327,330			(1,574,942	)		792,802

Net income		-		-		-			522,968			522,968
Balance at September 30, 2023		40,414,493	$	40,414	$	2,327,330		$	(1,051,974	)	$	1,315,770

Balance at December 31, 2023		40,414,493	$	40,414	$	2,327,330		$	(1,734,479	)	$	633,265
Shares issued for related party debt conversion		7,000,000		7,000		98,000			-			105,000
Net loss		-		-		-			(122,618	)		(122,618	)
Balance at March 31, 2024		47,414,493		47,414		2,425,330			(1,857,097	)		615,647

Net loss		-		-		-			(743,847	)		(743,847	)

Balance at June 30, 2024		47,414,493	$	47,414	$	2,425,330		$	(2,600,944	)	$	(128,200	)
Balance		47,414,493	$	47,414	$	2,425,330		$	(2,600,944	)	$	(128,200	)

Capital contribution		-		-		1,900,000			-			1,900,000
Distributions		-		-		(628,346	)		-			(628,346	)
Net income		-		-		-			925,632			925,632
Net income (loss)		-		-		-			925,632			925,632

Balance at September 30, 2024		47,414,493	$	47,414	$	3,696,984		$	(1,675,312	)	$	2,069,086
Balance		47,414,493	$	47,414	$	3,696,984		$	(1,675,312	)	$	2,069,086

The accompanying notes are an integral part of these financial statements.

F-3

DREAM HOMES AND DEVELOPMENT CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(UNAUDITED)


	September 30,
	2024			2023
OPERATING ACTIVITIES
Net income	$	59,167		$	585,126
Adjustments to reconcile net income to net cash provided (used) in operating activities:
Depreciation expense		-			4,725
Stock based compensation		-			91,800
Gain on debt settlement		(67,401	)		-
Changes in operating assets and liabilities:
Accounts receivable		47,388			34,889
Prepaid fees-property held for development		-			(610,796	)
Contract assets		(54,119	)		98,703
Other assets		(70,975	)		-
Accounts payable and accrued liabilities		404,475			303,675
Deposits held		52,783			-
Contract liabilities		(75,109	)		(201,148	)
Net cash used in operating activities		296,209			306,974

INVESTING ACTIVITIES
Purchase of office equipment and vehicles		(4,500	)		-
Deposits and costs coincident to acquisition of land for development		(251,788	)		(3,363,698	)
Net cash used in investing activities		(256,288	)		(3,363,698	)

FINANCING ACTIVITIES
Proceeds (payments) on note payable-line of credit		-			13,300
Proceeds-payments, net, on acquisition of property held for development		-			2,065,120
Proceeds from loans payable-others		87,420			451,795
Proceeds from loans payable to related parties		12,593			180,515
Proceeds from bank note		-			107,175
Distributions		(628,346	)		-
Payments on mortgage loans		(123,031	)		-
Payments on bank note		-			(230,495	)
Repayments of loans payable-others		(209,793	)		-
Repayments of loans payable to related parties		(79,658	)		-
Net cash provided (used) by financing activities		(940,815	)		2,587,410

NET INCREASE IN CASH		(900,894	)		(469,314	)
CASH BALANCE, BEGINNING OF PERIOD		2,712,503			525,389
CASH BALANCE, END OF PERIOD	$	1,811,609		$	56,075

Supplemental Disclosures of Cash Flow Information:
Interest paid	$	-		$	-
Taxes paid	$	-		$	-

Shares issued for related party debt conversion	$	7,000,000		$	-
Issuance of 4,590,000 restricted common stock for compensation	$	-		$	91,800

The accompanying notes are an integral part of these financial statements.

F-4

DREAM HOMES & DEVELOPMENT CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

For the nine months ended September 30, 2024 and 2023

(Unaudited)

Note 1 - Significant Accounting Policies

Nature of Operations

Building on a history of over 2,000 new homes built and over 400 elevation/renovation/addition projects since 1993, the management of Dream Homes & Development Corporation has positioned the company to emerge as a rapidly growing regional developer of new single and multi-family subdivisions as well as a leader in coastal new home and modular construction, elevation, Build to Lease and Improved Lots for Sale.

In addition to the coastal construction market, Dream Homes continues to pursue opportunities in new single and multi-family home construction, with 5 developments totaling 367 units in title, or under contract and in development. Dream Homes’ operations include the development and sale of residential communities, construction of single-family and multi-family homes, Build to Lease and the development and improvement of Finished Lots for Sale to national builders.

New trends in the real estate market that the Company is actively exploring include Build To Lease properties, as well as developing and improving building lots and developments to sell finished lots to national home builders. This focus and concentration on building both single and multi-family developments with the intention to lease or sell them immediately upon completion is being made in response to several factors. One factor is the extreme shortage of rental properties on the market, not only for first time homemakers, but for retirees, and young professionals who are unclear as to the intentions of settling in one location. The second factor is the overall lender and funding source preference to lend to Build To Lease and Improved Lots for sale developments, due to the perception that these 2 avenues are a safer investment over the long term. Finally, the extraordinary amount of interest from non-traditional sources such as pension and hedge funds, insurance companies and venture capital firms to purchase completed new For Lease developments at attractive metrics, as well as the virtually unlimited demand for improved lots from national builders has spurred a large growth in these market segments.

The Company has made the decision to change focus to better accommodate these growing trends. Currently most of the Company’s new multi-family developments, have been or will be changed from Build For Sale to Build for Lease or Improved Lots for Sale. The Company may hold finished properties upon completion and lease-up for an indeterminate period of time, and realize the rental income from ownership, or sell improved lots to 3^rd party purchasers. This strategy will become a very significant revenue stream for the Company and these avenues have become third & fourth divisions of the Company, behind new custom single family homes and renovation/elevation projects.

History

Dream Homes & Development Corporation was originally incorporated as The Virtual Learning Company, Inc. (“Virtual Learning”) on January 6, 2009 as a Nevada corporation with 75,000,000 shares of capital stock authorized, of which 70,000,000 shares are common shares ($.001 par value), and 5,000,000 shares are preferred shares ($.001 par value).

On March 14, 2017, Virtual Learning changed its name to Dream Homes & Development Corporation (“DHDC”). DHDC maintains a web site at www.dreamhomesltd.com as well as a blog, located at http://blog.dreamhomesltd.com.

Principles of Consolidation

The consolidated financial statements include the accounts of DHDC and its wholly owned subsidiaries (collectively, the “Company”). All intercompany balances and transactions have been eliminated in consolidation.

F-5

Property and Equipment

Property and equipment is stated at cost less accumulated depreciation. Depreciation is provided using the straight-line method over an estimated useful life of five years. Repairs and maintenance costs are expensed as incurred, and renewals and betterments are capitalized.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from these estimates.

Fair Value of Financial Instruments

Fair value is defined as the price that we would receive to sell an asset or pay to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. In determining fair value, GAAP establishes a three-level hierarchy used in measuring fair value, as follows:

● Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

● Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data.

● Level 3 inputs are less observable and reflect our own assumptions.

Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses and loans payable to related parties. The carrying amount of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, and loans payable to related parties approximates fair value because of their short maturities.

Construction Contracts

Revenue recognition:

The Company recognizes construction contract revenue using the percentage-of-completion method, based primarily on contract cost incurred to date compared to total estimated contract cost. Cost of revenue includes an allocation of depreciation, amortization and general overhead cost. Changes to total estimated contract cost or losses, if any, are recognized in the period in which they are determined.

The Company generally provides limited warranties for work performed under its construction contracts with periods typically extending for a limited duration following substantial completion of the Company’s work on a project.

The Company classifies construction-related receivables and payables that may be settled in periods exceeding one year from the balance sheet date, if any, as current assets and liabilities consistent with the length of time of its project operating cycle. For example:

	●	Costs and estimated earnings in excess of billings represent the excess of contract costs and profits (or contract revenue) over the amount of contract billings to date and are classified as a current asset.
	●	Billings in excess of costs and estimated earnings represent the excess of contract billings to date over the amount of contract costs and profits (or contract revenue) recognized to date and are classified as a current liability.

F-6

Costs and estimated earnings in excess of billings result when either: 1) costs are incurred related to certain claims and unapproved change orders, or 2) the appropriate contract revenue amount has been recognized in accordance with the percentage-of-completion accounting method, but a portion of the revenue recorded cannot be billed currently due to the billing terms defined in the contract. Claims occur when there is a dispute regarding both a change in the scope of work and the price associated with that change. Unapproved change orders occur when there is a dispute regarding only the price associated with a change in scope of work. For both claims and unapproved change orders, the Company recognizes revenue, but not profit, when it is determined that recovery of incurred cost is probable and the amounts can be reliably estimated.

Change in Estimates:

The Company’s estimates of contract revenue and cost are highly detailed and many factors change during a contract performance period that result in a change to contract profitability. These factors include, but are not limited to, differing site conditions: availability of skilled contract labor: performance of major material suppliers and subcontractors: on-going subcontractor negotiations and buyout provisions: unusual weather conditions: changes in the timing of scheduled work: change orders: accuracy of the original bid estimate: changes in estimated labor productivity and costs based on experience to date: achievement of incentive-based income targets: and the expected, or actual, resolution terms for claims. The factors that cause changes in estimates vary depending on the maturation of the project within its lifecycle. For example, in the ramp-up phase, these factors typically consist of revisions in anticipated project costs and during the peak and close-out phases, these factors include the impact of change orders and claims as well as additional revisions in remaining anticipated project costs. Generally, if the contract is at an early stage of completion, the current period impact is smaller than if the same change in estimate is made to the contract at a later stage of completion. Management focuses on evaluating the performance of contracts individually and uses the cumulative catch-up method to account for revisions in estimates. Material changes in estimates are disclosed in the notes to the consolidated financial statements.

Income Taxes

The Company accounts for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the provision for income tax in the statements of operations. The Company evaluates the probability of realizing the future benefits of its deferred tax assets and provides a valuation allowance when realization of the assets is not reasonably assured.

The Company recognizes in its financial statements the impact of tax positions that meet a “more likely than not” threshold, based on the technical merits of the position. The tax benefits recognized from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement.

Net Income (Loss) Per Common Share

Basic net income (basic net loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period.

F-7

Diluted net income (loss) per common share is computed using the weighted average number of common shares outstanding and potentially dilutive securities outstanding during the period.

Basis of Presentation

The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10-K, have been omitted.

Recent Accounting Pronouncements

The Company assesses new accounting standards on an ongoing basis. The Company does not believe any future standards will have a material impact on the Company’s present or future consolidated financial statements.

2 - Property and Equipment

Property and equipment is summarized as follows:

Schedule of Property and Equipment

	September 30, 2024			December 31, 2023

Office equipment	$	7,615		$	5,115
Vehicles		62,772			60,772
Less: Accumulated depreciation		(65,887	)		(65,887	)

Property and Equipment- net	$	4,500		$	-

Depreciation expense for the nine months ended September 30, 2024 and 2023 was $0 and $4,725 respectively.

F-8

3 - Deposits and Costs Coincident to Acquisition of Land for Development

Deposits and costs coincident to acquisition of land for development are summarized as follows:

	September 30, 2024		December 31, 2023

Lacey Township, New Jersey, Pines property:
Cost to acquire property		1,583,012		1,583,012
Site engineering, permits, and other costs		825,997		809,245
Total Pines property		2,409,009		2,392,257

Other deposits:
Louis Avenue, Bayville, New Jersey-17 units		619,264		619,264
Berkeley Terrace – Bayville, New Jersey 70 units		2,319,411		2,325,401
Autumn Run – Clayton – New Jersey – 62 units		1,319,125		1,329,125
Other		380,911		139,885
Total other deposits		4,648,711		4,413,675

Total	$	7,057,720	$	6,805,932

Properties currently owned and in the development stage

Berkeley Terrace – Bayville, NJ – 70 approved townhome units

The Company has been in title to this property and finalized an infrastructure and construction finance facility which closed on 3/31/23. This facility included refinancing the land debt, securing funding for a large portion of the site construction, as well as funding the first building of 10 townhomes. The amount of the facility is $4,670,000.

The Company began infrastructure work on the property in June of 2023, with land clearing completed and the site stabilized for soils erosion control. Sanitary sewer, water and drainage has been installed in the majority of the property.

The first 5 building pads have been compacted and completed.

Base paving has been completed and the entire site has been improved.

The Company has entered into an agreement with a national builder to deliver improved building sites for this project. It is in the Company’s opinion that the financial advantages inherent in the sale of a portion of the improved lots in this development outweigh the advantages of building and selling or leasing the entire development.

The Company has sold two 10-unit building pad sites in 2024. Vertical construction of Building 8 began in December of 2023. The vertical construction of Building 1 began in July of 2024.

As of September 30, 2024, 20 improved building pads have been sold to a national builder.

Lacey Township, New Jersey, “Lacey Pines”

Dream Homes currently owns a parcel approved for 68 new townhomes in Ocean County NJ, of which 54 are market rate and 14 are affordable housing. The Company acquired this property on June 29, 2021 and is currently in title.

This property has received final approvals, Department of Transportation approval, CAFRA approval, MUA, County, Fire and other outside agency approvals.

Preliminary approval was granted in 2021 and final approval in 2023.

The Company has secured permanent funding to install infrastructure and vertical construction for this project in October of 2023 and has retired the previous land lender.

Site bonds, escrows and fees have been posted, with clearing having started in the 4^th quarter of 2023.

The site and infrastructure work for this development began in 2023 and will be completed in the 4^th quarter of 2024.

As of this date, the property has been cleared, top soil removed, earth balance completed, sanitary sewer installed, water mains and laterals installed, on and off-site curb installed and base paving scheduled for prior to year end.

Louis Avenue – Bayville, NJ – 17 townhome units

The Company was heard before the Berkeley Township Planning Board on October 3, 2020 and the planning board awarded preliminary approvals for 17 townhome units.

The Company acquired this property on August 4, 2021.

The Company received Final approvals on August 8, 2022.

As of this date the Company is pursuing various options for the development of this property, including Build to Lease, sale of the approved parcel to another builder/developer, or sale of the improved parcel to another builder.

F-9

Autumn Run – Gloucester County

On December 7, 2018, the Company signed a contract to purchase a property in Gloucester County, NJ, which has been approved for 62 units of age-restricted manufactured housing. The property is currently in the final approval stage. An application was made to the DEP for a wetlands letter of interpretation, which was approved as proposed. Further action before the planning board is pending due to delays caused by township closures due to Covid-19. The Company had a virtual workshop meeting on September 15, 2020 and an additional virtual meeting was conducted on November 17, 2020.

The application for a use variance was heard on May 24, 2021 and the variance was approved.

The Company applied for preliminary and final site plan approval and was heard at the April 2023 planning board meeting. Preliminary approval was granted, and the Company submitted for finals in the 4^th quarter of 2023. The Company is scheduled to be heard for final approvals in December of 2024.

The Company took title to this property in early September of 2023. It is the Company’s intention to develop this property, sell the individual manufactured homes and continue to own and operate the development as a land lease rental property.

Properties under Contract to Purchase and in Development

The Company has signed a contract to obtain approvals, acquire and improve a 120 unit townhome property in Southern Ocean County. This property has been sold on an “as-improved” basis to a national builder.

The initial closing to acquire the property should occur in 2026, with site improvements to begin shortly thereafter. The sale of improved building pads should begin in late 2026 / early 2027.

Summary

These new developments which the Company owns or is in contract to purchase represent a significant value in new construction or forward contracts that have been sold. This work will occur over the next 3-4 years and is in addition to the custom spot lot & elevation/renovation division of the business. Management is very positive about these new developments.

Mortgages on Properties Held for Development:

	September 30, 2024		December 31, 2023
Edisto Loan Fund, LLC	$	-	$
Lynx Asset Services, LLC		750,000		750,000
Karbar, LLC		-		350,000
Briney Ave LLC		-		1,900,000
Anchor Loans, LP		2,385,018		2,506,049
AC Development, LLC		326,479		328,479
AVB Development		323,537		323,537
Total mortgages payable		3,785,034		6,158,065
Less current portion		1,354,473		-
Long-term portion	$	2,430,561	$	6,158,065

During the nine months ended September 30, 2024, a Company controlled by the CEO of the Company settled the mortgage loan with Karbar LLC.

4 - Notes Payable-Others/Loans Payable to Related Parties

Loans payable to related parties is summarized as follows:

	September 30, 2024		December 31, 2023

Loan payable-Rich Pezzullo	$	1,250	$	24,000
Loan payable-Dream Homes, LTD		11,333		122,809
Loans payable to GPIL		682,310		376,410
Other related party loans		6,261		-
Total	$	701,154	$	523,219

Advances from the loans bear interest at a rate of 12%, with interest being payable on demand.

Notes payable - others is summarized as follows:

Schedule of Notes Payable - Others

	September 30, 2024			December 31, 2023

Note payable-Chipman Trust	$	47,500		$	122,500
Note payable-LG Funding		-			15,040
Note payable-Channel Partners		-			99,163
Notes payable- other		(571	)		-
Total	$	46,929		$	236,703

The above notes bear interest ranging from 12% to 15% per annum and are payable on demand. All notes are secured by real estate and/or personal and corporate obligations.

F-10

5 - Common Stock Issuances

In January 2024,, the Company issued 7,000,000 restricted shares for the forgiveness of loans to General Property Investments LLC., a related party, for $105,000 in forgiveness of debt.

On April 24, 2023, the Company issued 4,590,000 restricted common shares for compensation valued at $ 91,800.

6 - Income Taxes

As a result of the Tax Cuts and Jobs Act (Tax Legislation) enacted on December 22, 2017, the United States corporate income tax rate is 21% effective January 1, 2018.

The sources of the differences follow:

	9/30/24			9/30/23
	Nine months ended
	9/30/24			9/30/23

Expected tax at 21%	$	12,425		$	122,876
State income taxes, net of federal income tax benefit		5,266			-
Non-deductible stock-based compensation		-			19,278
Non-taxable loan forgiveness income		-
Change in valuation allowance/NOL carryforward		(17,691	)		(142,154	)
Provision for (benefit from) income taxes	$	-		$	-

7 - Commitments and Contingencies

Construction Contracts

As of September 30, 2024, the Company was committed under construction contracts outstanding with homeowners and investors with contract prices totaling $2,121,128, which are being fulfilled in the ordinary course of business. None of these construction projects are expected to take over one year to complete from commencement of construction. The Company has no significant commitments with material suppliers or subcontractors that involve any sums of substance or of long-term duration at the date of issuance of these financial statements.

Employment Agreements

The Company currently has no outstanding employment agreements.

Lease Agreements

The Company has occupied office space located in Forked River, New Jersey for a significant period of time. In May of 2020, the rent was increased to $2,500 per month and as of September of 2023, the monthly rental amount has increased to $3,000 per month.

F-11

Line of Credit

On September 15, 2016, DHDC established a $500,000 line of credit with General Development Corp., a non-bank lender. On September 15, 2021, DHDC increased the existing line of credit from $500,000 to $1,000,000. Advances under the line bear interest at a rate of 12%, with interest being payable on demand. The outstanding principal was originally due and payable in 60 months. The line is secured by the guarantee of the Company as well as the personal guarantee of the Company’s Chief Executive Officer. The agreement to fund automatically renews on a yearly basis as long as interest payments are current or as agreed. To date, the Company has received several advances under the line of credit. As of September 30, 2024 and December 31, 2023, the outstanding principal balance was $921,960 and $921,960, respectively.

8 - Related Party Transactions

Dream Homes Ltd. Allocated payroll

The Company formerly used the services of Dream Homes Ltd. for its personnel operations.

For the three months ended September 30, 2023, the Company’s estimated share of DHL’s gross payroll and payroll taxes were $111,574.

Beginning in 2024, Shore Custom Homes Corp. (SCHC), a subsidiary of the Company, commenced providing payroll services.

9 - Stock Warrants

The Company has no outstanding warrants.

10 - Subsequent Events

The Company has evaluated subsequent events through the date the financial statements are scheduled to be filed and have no notes or comments.

F-12

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This Quarterly Report on Form 10-Q and other written reports and oral statements made from time to time by the Company may contain so-called “forward-looking statements,” all of which are subject to risks and uncertainties. One can identify these forward-looking statements by their use of words such as “expect,” “plan,” “will,” “may,” “anticipate,” “believe,” “estimate,” “should,” “intend,” “forecast,” “project” the negative or plural of these words, and other comparable terminology. One can identify them by the fact that they do not relate strictly to historical or current facts. statements are likely to address the Company’s growth strategy, financial results and product and development programs. One must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. One should carefully evaluate such statements in light of factors described in the Company’s filings with the SEC, especially the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. One should understand that it is not possible to predict or identify all such factors. Consequently, the reader should not consider any such list to be a complete list of all potential risks or uncertainties.

Use of Terms

The following discussion analyzes our financial condition and results of operations for the three and nine months ended September 30, 2024 and 2023. Unless the context indicates or suggests otherwise, reference to “we”, “our”, “us” and the “Company” in this section refers to the operations of Dream Homes & Development Corporation (DHDC),

PLAN OF OPERATION

Overview

The Company has made the decision to change focus to better accommodate these growing trends. Currently 2 new multi-family developments, which represent a total count of 79 units (of the 367 total units in title or under contract), will be changed from Build For Sale to Build for Lease. The Company intends to hold these properties upon completion and lease-up for an indeterminate period of time, and realize the rental income from ownership. This strategy will become a very significant revenue stream for the Company and will become a fourth division of the Company, behind Finished Lots for Sale, custom new homes and renovation/elevation projects.

In addition to the projects which the Company currently has under contract for development, improvement, Build to Lease, and Improved Lots for Sale, there are a number of properties which the Company has the ability to secure, whether through land contract or other types of options. These parcels represent significant additional opportunities for development, improvement, Build to Lease, and Improved Lots for Sale.

The Company’s business model over the last year has been focused on increasing the new home and new development portion of our business, until it represents a greater portion of the revenue. New home development, whether Build to Lease or Finished Lots for Sale has a much greater scalability and growth potential than custom homes or elevation/renovation work. Though the Company has enjoyed stable revenue in the renovation/elevation portion of the company, the new homes division continues to represent a greater percentage of total revenue.

Dream Homes’ operations include the development and sale of a variety of residential communities, including construction of semi-custom homes, single and multi-family homes and new home Build to Lease and Improved Lots for Sale.

Due to the opportunities afforded by the market conditions, Dream Homes and Development Corporation will continue to pursue opportunities in the construction and real estate field, specifically in new home Build to Lease and Improved Lots for Sale.

RESULTS OF OPERATIONS – DREAM HOMES & DEVELOPMENT CORPORATION

The summary below should be referenced in connection with a review of the following discussion of our results of operations for the three and nine months ended September 30, 2024 and 2023.

STATEMENTS OF OPERATIONS

For the three months ended September 30, 2024 and 2023

(Unaudited)

	2024			2023
Revenue:
Construction contracts	$	2,182,258		$	1,644,071

Cost of construction contracts		760,912			944,466

Gross profit		1,421,346			699,605

Operating Expenses:
Selling, general and administrative, including stock based compensation of $0 and 91,800, respectively		106,938			154,942
Depreciation expense		-			1,575

Total operating expenses		106,938			156,517

Income (loss) from operations		1,314,408			543,088

Other income (expenses):
Interest expense		(40,283	)		(20,120	)
Loss on debt settlement		(348,493	)		-
Total other income (expenses)		(388,776	)		(20,120	)

Net income before income taxes		925,632			522,968
Provision for income taxes		-			-

Net income	$	925,632		$	522,968

Revenues

For the three months ended September 30, 2024 and 2023, revenues were $2,182,258 and $1,644,071 respectively.

The increase in revenue was due to the timing of ongoing property development.

Cost of Sales

For the three months ended September 30, 2024 and 2023, cost of construction contracts were $760,912 and $944,466, respectively. The decrease is due to the sale of property held for development, and its associated cost in 2024.

Operating Expenses

Operating expenses decreased by $49,579 from $156,517 in 2023 to $106,938 in 2024, primarily due to stock based compensation of $91,800 in 2023.

Other Expenses

Other expenses increased by $368,656 from $20,120 in 2023 to $388,776 in 2024, primarily due to losses on debt settlements of $348,493 in 2024.

STATEMENTS OF OPERATIONS

For the nine months ended September 30, 2024 and 2023

(Unaudited)

	2024			2023
Revenue:
Construction contracts	$	4,313,707		$	3,455,206

Cost of construction contracts		3,140,730			2,071,214

Gross profit		1,172,977			1,383,992

Operating Expenses:
Selling, general and administrative, including stock based compensation of $0 and $91,800, respectively		632,348			692,974
Depreciation expense		-			4,725

Total operating expenses		632,348			697,699

Income from operations		540,629			686,293

Other income (expenses):
Interest expense		(127,703	)		(101,167	)
Loss on debt settlement		(348,493	)
Total other income (expenses)		(476,196	)		(101,167	)

Income before income taxes		64,433			585,126
Provision for income taxes		(5,266	)		-

Net income	$	59,167		$	585,126

Revenues

For the nine months ended September 30, 2024 and 2023, revenues were $4,313,707 and $3,455,206 respectively.

The increase in revenue was due to the timing of ongoing property development.

Cost of Sales

For the nine months ended September 30, 2024 and 2023,, cost of construction contracts were $3,140,730 and $2,071,214, respectively. The increase is due to the sale of property held for development, and its associated cost in 2024.

Operating Expenses

Operating expenses decreased by $65,351 from $697,699 in 2023 to $632,348 in 2024, primarily due to stock based compensation of $91,800 in 2023.

Liquidity and Capital Resources

As of September 30, 2024 and December 31, 2023, our cash balance was $1,811,609 and $2,712,503, respectively, total current assets were $2,406,214 and $3,300,377, respectively, and total current liabilities amounted to $5,041,962 and $3,317,179, respectively, including loans payable to related parties of $701,154 and $523,219, respectively. As of September 30, 2024 and December 31, 2023, the total stockholders’ equity was $2,069,086 and $633,265, respectively. We may seek additional capital to fund potential costs associated with expansion and/or acquisitions.

Inflation

The impact of inflation on the costs of our company, and the ability to pass on cost increases to clients over time may be limited and is always dependent upon market conditions. At times, inflationary pressures have had a significant impact on our operations, and we anticipate that inflationary factors may have an impact on future operations.

OFF-BALANCE SHEET ARRANGEMENTS

We do not maintain off-balance sheet arrangements, nor do we participate in non-exchange traded contracts requiring fair value accounting treatment.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Not applicable.

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

The Company has adopted and maintains disclosure controls and procedures that are designed to provide reasonable assurance that information required to be disclosed in the reports filed under the Exchange Act, such as this Form 10-Q, is collected, recorded, processed, summarized and reported within the time periods specified in the rules of the Securities and Exchange Commission. The Company’s disclosure controls and procedures are also designed to ensure that such information is accumulated and communicated to management to allow timely decisions regarding required disclosure. As required under Exchange Act Rule 13a-15, the Company’s management, including the Principal Executive Officer and Principal Financial Officer, has conducted an evaluation of the effectiveness of disclosure controls and procedures as of the end of the period covered by this report. Based upon that evaluation, the Company’s President concluded that the Company’s disclosure controls and procedures are not effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s President, as appropriate, to allow timely decisions regarding required disclosure.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

The Company, through its Shore Custom Homes Corp. subsidiary, is involved in several minor lawsuits in which it expects to prevail, The Company considers the substance of these claims to be of no merit.

Though the Company considers these lawsuits to be frivolous, it has chosen to disclose their existence in the interest of full transparency. In demonstration of its opposition to these awards, the Company is vigorously defending all cases and believes it shall prevail in court.

In the opinion of the Company and of its professional advisors, none of the lawsuits which the Company is currently involved in have any substantive validity or potential for material consequence to the Company.

All other normal operations of the Company and its subsidiaries are continuing with no negative effect from these lawsuits.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3. Defaults upon Senior Securities.

None.

Item 4. Mine Safety Disclosure

Not Applicable.

Item 5. Other Information.

None.

Item 6. Exhibits.

The following exhibits are included with this filing:

3.1* Articles of Incorporation (Form S-1 Registration No. 333-174674 filed June 2, 2011).

3.2* By-laws (Form S-1 Registration No. 333-174674 filed June 2, 2011).

4.1* Specimen Stock Certificate (Form S-1 Registration No. 333-174674 filed June 2, 2011).

10.1* Intellectual Property Purchase Agefreement (Form S-1 Registration No. 333-174674 filed June 2, 2011).

10.2* Consulting Agreement with William Kazmierczak 5-22-2010 (Form S-1 Registration No. 333-174674 filed June 2, 2011).

31 Sarbanes-Oxley Section 302 certification by Vincent Simonelli

32 Sarbanes-Oxley Section 906 certification by Vincent Simonelli

101.INS Inline XBRL Instance Document

101.SCH Inline XBRL Taxonomy Extension Schema Document

101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Previously filed and Incorporated by reference.

SIGNATURES

Pursuant to the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf by the undersigned; duly authorized.

Date:	Dream Homes & Development Corporation
November 25, 2024
	By:	/s/ Vincent Simonelli
		Vincent Simonelli
		Chief Executive Officer and Chief Financial Officer

EXHIBIT 31

CERTIFICATIONS

I, Vincent C. Simonelli, certify that:

1. I have reviewed this quarterly report of Dream Homes & Development Corporation.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this report;

4. The issuer’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as 4efined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the issuer’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the issuer’s internal control over financial reporting that occurred during the issuer’s most recent fiscal quarter (the issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the issuer’s internal control over financial reporting; and

5. The issuer’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the issuer’s auditors and the audit committee of the issuer’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer’s internal control over financial reporting.

Date: November 25, 2024

/s/ Vincent C. Simonelli
CEO and CFO

EXHIBIT 32

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Dream Homes & Development Corporation (the “Company”) on Form 10-Q for the quarter ended September 30, 2024 (the “Report”), as filed with the Securities and Exchange Commission on the date hereof, I, Vincent C. Simonelli, CEO and CFO of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Vincent C. Simonelli
CEO and CFO

Dated: November 25, 2024

A signed original of this written statement required by Section 906 has been provided to Dream Homes & Development Corporation and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2024	Nov. 25, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	000-55445
Entity Registrant Name	DREAM HOMES & DEVELOPMENT CORPORATION
Entity Central Index Key	0001518336
Entity Tax Identification Number	40-0011701
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	314 South Main Street
Entity Address, City or Town	Forked River
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08731
City Area Code	609
Local Phone Number	693 8881
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		47,414,493

Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash	$ 1,811,609	$ 2,712,503
Accounts receivable, net	155,119	202,507
Prepaid contract interest	332,362	332,362
Contract assets	107,124	53,005
Total current assets	2,406,214	3,300,377
PROPERTY AND EQUIPMENT, net	4,500
OTHER ASSETS
Security deposit	2,200	2,200
Deposits and costs coincident to acquisition of land for development	7,057,720	6,805,932
Other assets	70,975
Total assets	9,541,609	10,108,509
CURRENT LIABILITIES
Accounts payable and accrued expenses	903,874	537,972
Accrued interest	393,295	354,722
Deposits held	562,783	510,000
Contract liabilities	157,494	232,603
Mortgages payable	1,354,473
Loans payable-others	46,929	236,703
Note payable-line of credit	921,960	921,960
Total current liabilities	5,041,962	3,317,179
Long-term mortgages payable	2,430,561	6,158,065
Total liabilities	7,472,523	9,475,244
STOCKHOLDERS’ EQUITY
Preferred stock; 5,000,000 shares authorized, $.001 par value, as of September 30, 2024 and December 31, 2023, there are no shares outstanding
Common stock; 70,000,000 shares authorized, $.001 par value, as of September 30, 2024 and December 31, 2023, there are 47,414,493 and 40,414,493 shares outstanding, respectively	47,414	40,414
Additional paid-in capital	3,696,984	2,327,330
Accumulated deficit	(1,675,312)	(1,734,479)
Total stockholders’ equity	2,069,086	633,265
Total liabilities and stockholders’ equity	9,541,609	10,108,509
Related Party [Member]
CURRENT LIABILITIES
Loans payable to related parties	$ 701,154	$ 523,219

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	70,000,000	70,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares outstanding	47,414,493	40,414,493

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue:
Construction contracts	$ 2,182,258	$ 1,644,071	$ 4,313,707	$ 3,455,206
Cost of construction contracts	760,912	944,466	3,140,730	2,071,214
Gross profit	1,421,346	699,605	1,172,977	1,383,992
Operating Expenses:
Selling, general and administrative, including stock based compensation of $0 and $91,800, respectively	106,938	154,942	632,348	692,974
Depreciation expense		1,575		4,725
Total operating expenses	106,938	156,517	632,348	697,699
Income from operations	1,314,408	543,088	540,629	686,293
Other income (expenses):
Interest expense	(40,283)	(20,120)	(127,703)	(101,167)
Loss on debt settlement	(348,493)		(348,493)
Total other income (expenses)	(388,776)	(20,120)	(476,196)	(101,167)
Income before income taxes	925,632	522,968	64,433	585,126
Provision for income taxes			(5,266)
Net income	$ 925,632	$ 522,968	$ 59,167	$ 585,126
Basic income (loss) per common share	$ 0.02	$ 0.01	$ 0.00	$ 0.01
Diluted income (loss) per common share	$ 0.02	$ 0.01	$ 0.00	$ 0.01
Weighted average common shares outstanding- basic	47,414,493	40,414,493	47,031,281	39,394,493
Weighted average common shares outstanding- diluted	47,414,493	40,414,493	47,031,281	39,394,493

Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Stock based compensation	$ 0	$ 91,800

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2022	$ 35,824	$ 2,240,120	$ (1,637,100)	$ 638,844
Balance, shares at Dec. 31, 2022	35,824,493
Net income (loss)			100,416	100,416
Balance at Mar. 31, 2023	$ 35,824	2,240,120	(1,536,684)	739,260
Balance, shares at Mar. 31, 2023	35,824,493
Balance at Dec. 31, 2022	$ 35,824	2,240,120	(1,637,100)	638,844
Balance, shares at Dec. 31, 2022	35,824,493
Net income (loss)				585,126
Balance at Sep. 30, 2023	$ 40,414	2,327,330	(1,051,974)	1,315,770
Balance, shares at Sep. 30, 2023	40,414,493
Balance at Mar. 31, 2023	$ 35,824	2,240,120	(1,536,684)	739,260
Balance, shares at Mar. 31, 2023	35,824,493
Net income (loss)			(38,258)	(38,258)
Issuance of common shares	$ 4,590	87,210		91,800
Issuance of common shares, shares	4,590,000
Balance at Jun. 30, 2023	$ 40,414	2,327,330	(1,574,942)	792,802
Balance, shares at Jun. 30, 2023	40,414,493
Net income (loss)			522,968	522,968
Issuance of common shares, shares	4,590,000
Balance at Sep. 30, 2023	$ 40,414	2,327,330	(1,051,974)	1,315,770
Balance, shares at Sep. 30, 2023	40,414,493
Balance at Dec. 31, 2023	$ 40,414	2,327,330	(1,734,479)	633,265
Balance, shares at Dec. 31, 2023	40,414,493
Net income (loss)			(122,618)	(122,618)
Shares issued for related party debt conversion	$ 7,000	98,000		105,000
Shares issued for related party debt conversion, shares	7,000,000
Balance at Mar. 31, 2024	$ 47,414	2,425,330	(1,857,097)	615,647
Balance, shares at Mar. 31, 2024	47,414,493
Balance at Dec. 31, 2023	$ 40,414	2,327,330	(1,734,479)	633,265
Balance, shares at Dec. 31, 2023	40,414,493
Net income (loss)				59,167
Balance at Sep. 30, 2024	$ 47,414	3,696,984	(1,675,312)	2,069,086
Balance, shares at Sep. 30, 2024	47,414,493
Balance at Mar. 31, 2024	$ 47,414	2,425,330	(1,857,097)	615,647
Balance, shares at Mar. 31, 2024	47,414,493
Net income (loss)			(743,847)	(743,847)
Balance at Jun. 30, 2024	$ 47,414	2,425,330	(2,600,944)	(128,200)
Balance, shares at Jun. 30, 2024	47,414,493
Net income (loss)			925,632	925,632
Capital contribution		1,900,000		1,900,000
Distributions		(628,346)		(628,346)
Balance at Sep. 30, 2024	$ 47,414	$ 3,696,984	$ (1,675,312)	$ 2,069,086
Balance, shares at Sep. 30, 2024	47,414,493

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) (Parenthetical) - shares	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Issuance of common shares	4,590,000	4,590,000

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
OPERATING ACTIVITIES
Net income	$ 59,167	$ 585,126
Adjustments to reconcile net income to net cash provided (used) in operating activities:
Depreciation expense		4,725
Stock based compensation		91,800
Gain on debt settlement	(67,401)
Changes in operating assets and liabilities:
Accounts receivable	47,388	34,889
Prepaid fees-property held for development		(610,796)
Contract assets	(54,119)	98,703
Other assets	(70,975)
Accounts payable and accrued liabilities	404,475	303,675
Deposits held	52,783
Contract liabilities	(75,109)	(201,148)
Net cash used in operating activities	296,209	306,974
INVESTING ACTIVITIES
Purchase of office equipment and vehicles	(4,500)
Deposits and costs coincident to acquisition of land for development	(251,788)	(3,363,698)
Net cash used in investing activities	(256,288)	(3,363,698)
FINANCING ACTIVITIES
Proceeds (payments) on note payable-line of credit		13,300
Proceeds-payments, net, on acquisition of property held for development		2,065,120
Proceeds from loans payable-others	87,420	451,795
Proceeds from loans payable to related parties	12,593	180,515
Proceeds from bank note		107,175
Distributions	(628,346)
Payments on mortgage loans	(123,031)
Payments on bank note		(230,495)
Repayments of loans payable-others	(209,793)
Repayments of loans payable to related parties	(79,658)
Net cash provided (used) by financing activities	(940,815)	2,587,410
NET INCREASE IN CASH	(900,894)	(469,314)
CASH BALANCE, BEGINNING OF PERIOD	2,712,503	525,389
CASH BALANCE, END OF PERIOD	1,811,609	56,075
Supplemental Disclosures of Cash Flow Information:
Interest paid
Taxes paid
Shares issued for related party debt conversion	7,000,000
Issuance of 4,590,000 restricted common stock for compensation		$ 91,800

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - shares	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Statement of Cash Flows [Abstract]
Issuance of common shares	4,590,000	4,590,000

Significant Accounting Policies

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Significant Accounting Policies

Note 1 - Significant Accounting Policies

Nature of Operations

History

Principles of Consolidation

Property and Equipment

Use of Estimates

Fair Value of Financial Instruments

● Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

● Level 3 inputs are less observable and reflect our own assumptions.

Construction Contracts

Revenue recognition:

	●	Costs and estimated earnings in excess of billings represent the excess of contract costs and profits (or contract revenue) over the amount of contract billings to date and are classified as a current asset.
	●	Billings in excess of costs and estimated earnings represent the excess of contract billings to date over the amount of contract costs and profits (or contract revenue) recognized to date and are classified as a current liability.

Change in Estimates:

Income Taxes

Net Income (Loss) Per Common Share

Basic net income (basic net loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period.

Diluted net income (loss) per common share is computed using the weighted average number of common shares outstanding and potentially dilutive securities outstanding during the period.

Basis of Presentation

Recent Accounting Pronouncements

Property and Equipment

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

2 - Property and Equipment

Property and equipment is summarized as follows:

Schedule of Property and Equipment

	September 30, 2024			December 31, 2023

Office equipment	$	7,615		$	5,115
Vehicles		62,772			60,772
Less: Accumulated depreciation		(65,887	)		(65,887	)

Property and Equipment- net	$	4,500		$	-

Depreciation expense for the nine months ended September 30, 2024 and 2023 was $0 and $4,725 respectively.

Deposits and Costs Coincident to Acquisition of Land for Development

9 Months Ended

Sep. 30, 2024

Real Estate [Abstract]

Deposits and Costs Coincident to Acquisition of Land for Development

3 - Deposits and Costs Coincident to Acquisition of Land for Development

Deposits and costs coincident to acquisition of land for development are summarized as follows:

	September 30, 2024		December 31, 2023

Lacey Township, New Jersey, Pines property:
Cost to acquire property		1,583,012		1,583,012
Site engineering, permits, and other costs		825,997		809,245
Total Pines property		2,409,009		2,392,257

Other deposits:
Louis Avenue, Bayville, New Jersey-17 units		619,264		619,264
Berkeley Terrace – Bayville, New Jersey 70 units		2,319,411		2,325,401
Autumn Run – Clayton – New Jersey – 62 units		1,319,125		1,329,125
Other		380,911		139,885
Total other deposits		4,648,711		4,413,675

Total	$	7,057,720	$	6,805,932

Properties currently owned and in the development stage

Berkeley Terrace – Bayville, NJ – 70 approved townhome units

The first 5 building pads have been compacted and completed.

Base paving has been completed and the entire site has been improved.

The Company has sold two 10-unit building pad sites in 2024. Vertical construction of Building 8 began in December of 2023. The vertical construction of Building 1 began in July of 2024.

As of September 30, 2024, 20 improved building pads have been sold to a national builder.

Lacey Township, New Jersey, “Lacey Pines”

This property has received final approvals, Department of Transportation approval, CAFRA approval, MUA, County, Fire and other outside agency approvals.

Preliminary approval was granted in 2021 and final approval in 2023.

The Company has secured permanent funding to install infrastructure and vertical construction for this project in October of 2023 and has retired the previous land lender.

Site bonds, escrows and fees have been posted, with clearing having started in the 4^th quarter of 2023.

The site and infrastructure work for this development began in 2023 and will be completed in the 4^th quarter of 2024.

Louis Avenue – Bayville, NJ – 17 townhome units

The Company was heard before the Berkeley Township Planning Board on October 3, 2020 and the planning board awarded preliminary approvals for 17 townhome units.

The Company acquired this property on August 4, 2021.

The Company received Final approvals on August 8, 2022.

Autumn Run – Gloucester County

The application for a use variance was heard on May 24, 2021 and the variance was approved.

Properties under Contract to Purchase and in Development

The initial closing to acquire the property should occur in 2026, with site improvements to begin shortly thereafter. The sale of improved building pads should begin in late 2026 / early 2027.

Summary

Mortgages on Properties Held for Development:

	September 30, 2024		December 31, 2023
Edisto Loan Fund, LLC	$	-	$
Lynx Asset Services, LLC		750,000		750,000
Karbar, LLC		-		350,000
Briney Ave LLC		-		1,900,000
Anchor Loans, LP		2,385,018		2,506,049
AC Development, LLC		326,479		328,479
AVB Development		323,537		323,537
Total mortgages payable		3,785,034		6,158,065
Less current portion		1,354,473		-
Long-term portion	$	2,430,561	$	6,158,065

During the nine months ended September 30, 2024, a Company controlled by the CEO of the Company settled the mortgage loan with Karbar LLC.

Notes Payable-Others/Loans Payable to Related Parties

9 Months Ended

Sep. 30, 2024

Notes Payable-othersloans Payable To Related Parties

Notes Payable-Others/Loans Payable to Related Parties

4 - Notes Payable-Others/Loans Payable to Related Parties

Loans payable to related parties is summarized as follows:

	September 30, 2024		December 31, 2023

Loan payable-Rich Pezzullo	$	1,250	$	24,000
Loan payable-Dream Homes, LTD		11,333		122,809
Loans payable to GPIL		682,310		376,410
Other related party loans		6,261		-
Total	$	701,154	$	523,219

Advances from the loans bear interest at a rate of 12%, with interest being payable on demand.

Notes payable - others is summarized as follows:

Schedule of Notes Payable - Others

	September 30, 2024			December 31, 2023

Note payable-Chipman Trust	$	47,500		$	122,500
Note payable-LG Funding		-			15,040
Note payable-Channel Partners		-			99,163
Notes payable- other		(571	)		-
Total	$	46,929		$	236,703

The above notes bear interest ranging from 12% to 15% per annum and are payable on demand. All notes are secured by real estate and/or personal and corporate obligations.

Common Stock Issuances

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Common Stock Issuances

5 - Common Stock Issuances

In January 2024,, the Company issued 7,000,000 restricted shares for the forgiveness of loans to General Property Investments LLC., a related party, for $105,000 in forgiveness of debt.

On April 24, 2023, the Company issued 4,590,000 restricted common shares for compensation valued at $ 91,800.

Income Taxes

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

6 - Income Taxes

As a result of the Tax Cuts and Jobs Act (Tax Legislation) enacted on December 22, 2017, the United States corporate income tax rate is 21% effective January 1, 2018.

The sources of the differences follow:

	9/30/24			9/30/23
	Nine months ended
	9/30/24			9/30/23

Expected tax at 21%	$	12,425		$	122,876
State income taxes, net of federal income tax benefit		5,266			-
Non-deductible stock-based compensation		-			19,278
Non-taxable loan forgiveness income		-
Change in valuation allowance/NOL carryforward		(17,691	)		(142,154	)
Provision for (benefit from) income taxes	$	-		$	-

Commitments and Contingencies

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

7 - Commitments and Contingencies

Construction Contracts

Employment Agreements

The Company currently has no outstanding employment agreements.

Lease Agreements

Line of Credit

Related Party Transactions

9 Months Ended

Sep. 30, 2024

Related Party Transactions

8 - Related Party Transactions

Dream Homes Ltd. Allocated payroll

The Company formerly used the services of Dream Homes Ltd. for its personnel operations.

For the three months ended September 30, 2023, the Company’s estimated share of DHL’s gross payroll and payroll taxes were $111,574.

Beginning in 2024, Shore Custom Homes Corp. (SCHC), a subsidiary of the Company, commenced providing payroll services.

Stock Warrants

9 Months Ended

Sep. 30, 2024

Stock Warrants

Stock Warrants

9 - Stock Warrants

The Company has no outstanding warrants.

Subsequent Events

9 Months Ended

Sep. 30, 2024

Subsequent Events [Abstract]

Subsequent Events

10 - Subsequent Events

The Company has evaluated subsequent events through the date the financial statements are scheduled to be filed and have no notes or comments.

Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Principles of Consolidation

Principles of Consolidation

Property and Equipment

Property and Equipment

Use of Estimates

Use of Estimates

Fair Value of Financial Instruments

Fair Value of Financial Instruments

● Level 1 inputs are quoted prices available for identical assets and liabilities in active markets.

● Level 3 inputs are less observable and reflect our own assumptions.

Construction Contracts

Construction Contracts

Revenue recognition:

	●	Costs and estimated earnings in excess of billings represent the excess of contract costs and profits (or contract revenue) over the amount of contract billings to date and are classified as a current asset.
	●	Billings in excess of costs and estimated earnings represent the excess of contract billings to date over the amount of contract costs and profits (or contract revenue) recognized to date and are classified as a current liability.

Change in Estimates:

Income Taxes

Income Taxes

Net Income (Loss) Per Common Share

Net Income (Loss) Per Common Share

Basic net income (basic net loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period.

Diluted net income (loss) per common share is computed using the weighted average number of common shares outstanding and potentially dilutive securities outstanding during the period.

Basis of Presentation

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment is summarized as follows:

Schedule of Property and Equipment

	September 30, 2024			December 31, 2023

Office equipment	$	7,615		$	5,115
Vehicles		62,772			60,772
Less: Accumulated depreciation		(65,887	)		(65,887	)

Property and Equipment- net	$	4,500		$	-

Deposits and Costs Coincident to Acquisition of Land for Development (Tables)

9 Months Ended

Sep. 30, 2024

Real Estate [Abstract]

Schedule of Deposits and Costs Coincident to Acquisition of Land for Development

Deposits and costs coincident to acquisition of land for development are summarized as follows:

	September 30, 2024		December 31, 2023

Lacey Township, New Jersey, Pines property:
Cost to acquire property		1,583,012		1,583,012
Site engineering, permits, and other costs		825,997		809,245
Total Pines property		2,409,009		2,392,257

Other deposits:
Louis Avenue, Bayville, New Jersey-17 units		619,264		619,264
Berkeley Terrace – Bayville, New Jersey 70 units		2,319,411		2,325,401
Autumn Run – Clayton – New Jersey – 62 units		1,319,125		1,329,125
Other		380,911		139,885
Total other deposits		4,648,711		4,413,675

Total	$	7,057,720	$	6,805,932

Schedule Mortgages on Properties Held for Development

Mortgages on Properties Held for Development:

	September 30, 2024		December 31, 2023
Edisto Loan Fund, LLC	$	-	$
Lynx Asset Services, LLC		750,000		750,000
Karbar, LLC		-		350,000
Briney Ave LLC		-		1,900,000
Anchor Loans, LP		2,385,018		2,506,049
AC Development, LLC		326,479		328,479
AVB Development		323,537		323,537
Total mortgages payable		3,785,034		6,158,065
Less current portion		1,354,473		-
Long-term portion	$	2,430,561	$	6,158,065

Notes Payable-Others/Loans Payable to Related Parties (Tables)

9 Months Ended

Sep. 30, 2024

Notes Payable-othersloans Payable To Related Parties

Schedule of Loans Payable to Related Parties

Loans payable to related parties is summarized as follows:

	September 30, 2024		December 31, 2023

Loan payable-Rich Pezzullo	$	1,250	$	24,000
Loan payable-Dream Homes, LTD		11,333		122,809
Loans payable to GPIL		682,310		376,410
Other related party loans		6,261		-
Total	$	701,154	$	523,219

Schedule of Notes Payable - Others

Notes payable - others is summarized as follows:

Schedule of Notes Payable - Others

	September 30, 2024			December 31, 2023

Note payable-Chipman Trust	$	47,500		$	122,500
Note payable-LG Funding		-			15,040
Note payable-Channel Partners		-			99,163
Notes payable- other		(571	)		-
Total	$	46,929		$	236,703

Income Taxes (Tables)

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of States Federal Income Tax rate Income Loss Before Income Taxes

The sources of the differences follow:

	9/30/24			9/30/23
	Nine months ended
	9/30/24			9/30/23

Expected tax at 21%	$	12,425		$	122,876
State income taxes, net of federal income tax benefit		5,266			-
Non-deductible stock-based compensation		-			19,278
Non-taxable loan forgiveness income		-
Change in valuation allowance/NOL carryforward		(17,691	)		(142,154	)
Provision for (benefit from) income taxes	$	-		$	-

Significant Accounting Policies (Details Narrative) - $ / shares	Sep. 30, 2024	Dec. 31, 2023	Jan. 06, 2009
Accounting Policies [Abstract]
Capital stock authorized			75,000,000
Common stock, shares authorized	70,000,000	70,000,000	70,000,000
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Property and equipment estimated useful life	5 years

Schedule of Property and Equipment (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (65,887)	$ (65,887)
Property and Equipment- net	4,500
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,615	5,115
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 62,772	$ 60,772

Property and Equipment (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
Property and Equipment (Details Narrative) - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense		$ 1,575		$ 4,725

Schedule of Deposits and Costs Coincident to Acquisition of Land for Development (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Total	$ 7,057,720	$ 6,805,932
Total other deposits	4,648,711	4,413,675
Lacey Township New Jersey Pines Property [Member]
Restructuring Cost and Reserve [Line Items]
Cost to acquire property	1,583,012	1,583,012
Site engineering, permits, and other costs	825,997	809,245
Total	2,409,009	2,392,257
Louis Avenue, Bayville, New Jersey-17 Units [Member]
Restructuring Cost and Reserve [Line Items]
Total other deposits	619,264	619,264
Berkeley Terrace – Bayville, New Jersey 70 Units [Member]
Restructuring Cost and Reserve [Line Items]
Total other deposits	2,319,411	2,325,401
Autumn Run – Clayton – New Jersey – 62 Units [Member]
Restructuring Cost and Reserve [Line Items]
Total other deposits	1,319,125	1,329,125
Other [Member]
Restructuring Cost and Reserve [Line Items]
Total other deposits	$ 380,911	$ 139,885

Schedule Mortgages on Properties Held for Development (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Total mortgages payable	$ 3,785,034	$ 6,158,065
Less current portion	1,354,473
Long-term portion	2,430,561	6,158,065
Edisto Loan Fund, LLC [Member]
Defined Benefit Plan Disclosure [Line Items]
Total mortgages payable
Lynx Asset Services, LLC [Member]
Defined Benefit Plan Disclosure [Line Items]
Total mortgages payable	750,000	750,000
Karbar,LLC [Member]
Defined Benefit Plan Disclosure [Line Items]
Total mortgages payable		350,000
Briney Ave LLC [Member]
Defined Benefit Plan Disclosure [Line Items]
Total mortgages payable		1,900,000
Anchor Loans, LP [Member]
Defined Benefit Plan Disclosure [Line Items]
Total mortgages payable	2,385,018	2,506,049
AC Development, LLC [Member]
Defined Benefit Plan Disclosure [Line Items]
Total mortgages payable	326,479	328,479
AVB Development [Member]
Defined Benefit Plan Disclosure [Line Items]
Total mortgages payable	$ 323,537	$ 323,537

Deposits and Costs Coincident to Acquisition of Land for Development (Details Narrative)		9 Months Ended
	Mar. 31, 2023 USD ($) Integer	Sep. 30, 2024 Integer
Townhouse Lots in Bayville NJ [Member]
Restructuring Cost and Reserve [Line Items]
Number of properties acquired	10
Funding facility amount \| $	$ 4,670,000
New Townhomes Lacey Township NJ [Member]
Restructuring Cost and Reserve [Line Items]
Number of properties acquired		68

Schedule of Loans Payable to Related Parties (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Rich Pezzullo [Member] \| Loans Payable [Member]
Defined Benefit Plan Disclosure [Line Items]
Total, Loans payable to related parties	$ 1,250	$ 24,000
Dream Homes, Ltd [Member] \| Loans Payable [Member]
Defined Benefit Plan Disclosure [Line Items]
Total, Loans payable to related parties	11,333	122,809
GPIL [Member] \| Loans Payable [Member]
Defined Benefit Plan Disclosure [Line Items]
Total, Loans payable to related parties	682,310	376,410
Other Related Party [Member] \| Loans Payable [Member]
Defined Benefit Plan Disclosure [Line Items]
Total, Loans payable to related parties	6,261
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Total, Loans payable to related parties	$ 701,154	$ 523,219

Schedule of Notes Payable - Others (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Total, Notes payable	$ 46,929	$ 236,703
Notes Payable, Other Payables [Member]
Defined Benefit Plan Disclosure [Line Items]
Notes payable - other	(571)
Chipman Trust [Member] \| Notes Payable, Other Payables [Member]
Defined Benefit Plan Disclosure [Line Items]
Total, Notes payable	47,500	122,500
LG Funding [Member] \| Notes Payable, Other Payables [Member]
Defined Benefit Plan Disclosure [Line Items]
Total, Notes payable		15,040
Channel Partners [Member] \| Notes Payable, Other Payables [Member]
Defined Benefit Plan Disclosure [Line Items]
Total, Notes payable		$ 99,163

Notes Payable-Others/Loans Payable to Related Parties (Details Narrative)	Sep. 30, 2024
Short-Term Debt [Line Items]
Interest rate	12.00%
Notes Payable, Other Payables [Member] \| Minimum [Member]
Short-Term Debt [Line Items]
Interest rate	12.00%
Notes Payable, Other Payables [Member] \| Maximum [Member]
Short-Term Debt [Line Items]
Interest rate	15.00%

Common Stock Issuances (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended
Common Stock Issuances (Details Narrative) - USD ($)	Apr. 24, 2023	Jan. 31, 2024	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares issued, value			$ 91,800
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares issued for stock based compensation, shares	4,590,000
Number of shares issued for stock based compensation, value	$ 91,800
Restricted Stock [Member] \| Dream Homes, Ltd [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares issued		7,000,000
Number of shares issued, value		$ 105,000

Schedule of States Federal Income Tax rate Income Loss Before Income Taxes (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Expected tax at 21%	$ 12,425	$ 122,876
State income taxes, net of federal income tax benefit	5,266
Non-deductible stock-based compensation		19,278
Non-taxable loan forgiveness income
Change in valuation allowance/NOL carryforward	(17,691)	(142,154)
Provision for (benefit from) income taxes

Schedule of States Federal Income Tax Rate Income Loss Before Income Taxes (Details) (Parenthetical)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Federal income tax rate	21.00%

Income Taxes (Details Narrative)	9 Months Ended
Income Taxes (Details Narrative)	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Federal income tax rate	21.00%

Commitments and Contingencies (Details Narrative) - USD ($)			1 Months Ended
	Sep. 30, 2023	Sep. 15, 2016	May 31, 2020	Sep. 30, 2024	Dec. 31, 2023	Sep. 15, 2021	Sep. 14, 2021
Guarantor Obligations [Line Items]
Debt outstanding principal balance				$ 921,960	$ 921,960
Nonbank Lender [Member] \| General Development Corp [Member]
Guarantor Obligations [Line Items]
Line of credit		$ 500,000				$ 1,000,000	$ 500,000
Line of credit interest rate		12.00%
Lease Agreement [Member]
Guarantor Obligations [Line Items]
Rent expense			$ 2,500
Increases in rental amount	$ 3,000
Construction Contracts [Member]
Guarantor Obligations [Line Items]
Construction contract price				$ 2,121,128

Related Party Transactions (Details Narrative)	Sep. 30, 2023 USD ($)
Dream Homes, Ltd [Member]
Payroll taxes	$ 111,574

Dream Homes and Developm... (PK) (USOTC:DREM)
Historical Stock Chart
From Nov 2024 to Nov 2024

Click Here for more Dream Homes and Developm... (PK) Charts.

Dream Homes and Developm... (PK) (USOTC:DREM)
Historical Stock Chart
From Nov 2023 to Nov 2024

	Real-time Prices	Level 2
Dow Jones Indices
OTCBB
New York Stock Exchange
NASDAQ
American Stock Exchange
OTCMarkets
Precious Metal

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

DREM Dream Homes and Development Corporation (PK)

Latest DREM Messages

Loading Messages....

Dream Homes and Development Corporation (CE) News

Loading Messages....

Your Recent History

Company

Business

Popular

Get The App

Trending Now

Toplists

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

DREM Dream Homes and Development Corporation (PK)

Latest DREM Messages

Loading Messages....

Dream Homes and Development Corporation (CE) News

Loading Messages....

Your Recent History

Company

Business

Popular

Get The App

BLACK FRIDAY

Save up to 50%* for Small Cap Pro

1 year 30%, 2 years 40% and *3 years 50%