Overview
What is Mustard Seed Development Center?
Mustard Seed Development Center is a nonprofit organization located in Akron, Ohio, specifically at 1557 Vernon Odom Blvd STE 201. Their primary mission is to cater to the financial education and training needs of adults in low to moderate income households, with a significant focus on assisting them in securing and maintaining homeownership. They accomplish this through various programs, such as pre-purchase housing counseling seminars and one-on-one sessions, which help families overcome barriers to home buying and rental. Additionally, they provide financial literacy programs that use a mix of individual and group seminars to help clients manage their finances and credit, addressing issues like budgeting and unresolved credit problems. The organization, staffed by 11 employees, aims to empower individuals in their community to achieve financial stability and secure housing.
Is Mustard Seed Development Center legitimate?
Mustard Seed Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mustard Seed Development Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $157,786
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,864
For more financial information, click here
What is the mission statement of Mustard Seed Development Center?
The Mustard Seed Development Center was established with the purpose of catering to the financial education and training requirements of adults in low to moderate income households, who are often disadvantaged. A significant focus of the center is assisting these individuals in securing and maintaining homeownership status. One of the initiatives under this mission is the Pre-purchase Housing Counseling Program, which involves conducting homebuyer seminars and offering one-on-one counseling sessions to educate families about home purchasing and rental, as well as addressing barriers that lead to substandard housing. Additionally, the center offers a Financial Literacy Program, providing both one-on-one counseling sessions and group seminars to help low to moderate income clients overcome financial and credit challenges, such as negative cash flow, unresolved credit issues, and budgeting concerns.
Who is the CEO of Mustard Seed Development Center?
Mintoree Stokes is the Executive Director of Mustard Seed Development Center.
What is the revenue of Mustard Seed Development Center?
Mustard Seed Development Center's revenue in 2022 was $310,553.
Who are the executives of Mustard Seed Development Center and what are their salaries?
The average compensation at Mustard Seed Development Center during 2022 was $25,605. There are 11 employees at Mustard Seed Development Center.
Here are 4 key members and their salaries:
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mustard Seed Development Center?
Mustard Seed Development Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mustard Seed Development Center
Mustard Seed Development Center, a nonprofit organization, was established with a mission to cater to the financial education and training requirements of adults from low to moderate income households. A significant aspect of its purpose is to aid these individuals in securing and maintaining homeownership status.
To accomplish its mission, Mustard Seed Development Center offers two primary programs. The first is its Pre-purchase Housing Counseling Program, which combines homebuyer seminars and one-on-one counseling sessions. This program aims to educate families about the process of purchasing or renting a home, while also helping them overcome any barriers that may contribute to substandard housing.
The second program is the Financial Literacy Program, which offers a mix of one-on-one counseling sessions and group seminars. This program is designed to assist low to moderate income clients in addressing financial and credit issues, such as negative cash flow, unresolved credit problems, and budgeting concerns. By providing these services, Mustard Seed Development Center aims to help individuals from disadvantaged backgrounds improve their financial stability and secure a better future for themselves and their families.
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Impact
October, 2024
Mustard Seed Development Center significantly impacts the community by addressing housing insecurity and enhancing financial literacy among low to moderate-income households. Through its Pre-purchase Housing Counseling Program, the center educates families on the complexities of home buying and rental processes, offering valuable homebuyer seminars and personalized counseling sessions. This support empowers clients to navigate barriers that lead to sub-standard housing, ultimately fostering stable living conditions.
In addition to housing support, the Financial Literacy Program plays a crucial role in helping individuals overcome financial challenges. By providing one-on-one counseling and group seminars, the center assists clients in tackling issues such as negative cash flow, unresolved credit problems, and budgeting skills. This education equips them with the tools necessary to improve their financial situations and achieve sustainable economic independence.
By focusing on financial education and housing stability, Mustard Seed Development Center enhances the quality of life for disenfranchised adults, enabling them to secure and maintain homeownership status while building a brighter future for themselves and their families.
This information is meant to be a general summary of Mustard Seed Development Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $296,799
- Gross Receipts: $310,553
Assets and Liabilities:
- Total Assets: $447,014
- Total Liabilities: $673,922
- Net Assets: -$226,908
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES
Revenue
$275,254
RENTAL INCOME
Revenue
$21,545
Organization Details
Founding Year
1999
Phone
(330) 631-0350Principal Officer
Mintoree Stokes
Main Address
1557 VERNON ODOM BLVD STE 201, AKRON, OH, 44320
NTEE Category
Code: P51 - Human services
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