Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 91

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 91
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 residential housing demand in this area, particularly in the market segments which
we intend to address, enjoys a fundamental support level, based on several factors. These factors include excellent air, rail and road
infrastructure (Atlantic City and Philadelphia), Casino and support services also in Atlantic City & Philadelphia, tourism, and a
central location between Philadelphia and New York. Additionally, there has been a chronic affordable housing shortage throughout New
Jersey and all indication are that condition will continue the foreseeable future. This situation plays well into the Company’s
strengths, which are focused on entry-level or first time move-up housing, as well as elevations and renovations of existing damaged
homes. Finally, all these market areas have tremendous growth potential due to market effects on the already very limited available housing
supply.

5

Employees

The
company relies on certain administrative & payroll support for employees from a subsidiary company. That subsidiary provides payroll
services that includes officers of the Company as well as employees and allocates payroll proportionately as required.

There
are currently 8 full time employees, including 3 officers, in addition to a number of part time employees on an as-needed basis, who
are being compensated under this arrangement. These include, but are not limited to, the following people listed below. As of December
31, 2023, the Company has not entered into any employment or consulting agreements.

The
management team, which consists of the present officers of the corporation as well as others who are considered key personnel, is as
follows:

Vincent
Simonelli, President, CEO, Chairman

Rich
Pezzullo, Director

Valerie
Jones, Senior VP and Board Secretary

Mark
Sampson, Regional Construction Supervisor

Dave
Shaheen, Esq., General Counsel, Real Estate

Christopher
Dieterich, Esq., Director, Securities Counsel and overall moral authority figure

Vincent
Simonelli, CEO, Chairman and President: Dream Homes & Development Corp.’s senior executive and principal, Vincent C. Simonelli,
has over 31 years of active experience in real estate finance, development, construction and marketing. Currently, Mr. Simonelli is President
and Chairman for Dream Homes & Development Corporation. Since 1993, Mr. Simonelli has developed, built and marketed over 200,000
square feet of commercial and over 2,000 residential dwellings in over 450 separate developments. Mr. Simonelli’s extensive knowledge
of the developmental and approval process throughout