Custom Home Page Component

Hi Forum,

Is there a way to make a custom component for the Home page just like Create New on the left side. I want to have a component which can have drop down of different options(links to dashboards in my case), something very similar to Create New. I tried using javascript, vf area, etc but all of them need a region inside which there can be dropdown but I want it like a tab.

Any ideas on how this can be achieved?