Mustard Seed Development Center
Mustard Seed Development Center
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About this organization
Mission
MUSTARD SEED DEVELOPMENT CENTER WAS FOUNDED TO SERVE THE FINANCIAL EDUCATION AND TRAINING NEEDS OF DISENFRANCHISED ADULTS IN LOW TO MODERATE INCOME HOUSEHOLDS. A MAJOR FOCUS OF THE CENTER IS ASSISTING CLIENTS IN OBTAINING AND KEEPING HOME OWNERSHIP STATUS.
About
PRE-PURCHASE HOUSING COUNSELING PROGRAM: THIS PROGRAM CONSISTS OF HOMEBUYER SEMINARS ALONG WITH ONE-TO-ONE COUNSELING SESSIONS. THE FOCUS OF THE PROGRAM IS ON EDUCATING FAMILIES REGARDING THE PURCHASE AND/OR RENTAL OF A HOME AND ACTIVELY ASSISTING FAMILIES THROUGHOUT THE PROCESS OF DOING SO. THE SERVICES PROVIDED ARE INTENDED TO ASSIST FAMILIES IN OVERCOMING BARRIERS FACED THAT CONTRIBUTE TO SUB-STANDARD HOUSING. FINANCIAL LITERACY PROGRAM: A MIX OF ONE-TO-ONE COUNSELING SESSIONS AND GROUP SEMINARS WHICH ASSIST LOW TO MODERATE INCOME CLIENTS IN OVERCOMING FINANCIAL AND CREDIT ISSUES INCLUDING NEGATIVE CASH FLOW, UNRESOLVED CREDIT ISSUES, AND BUDGETING. A MAJOR FOCAL POINT OF THE PROGRAM IS ON REDUCING OR ELIMINATING FACTORS IN CLIENTS' FINANCIAL LIVES THAT LEAD TO INCREASED AND OFTEN UNNECESSARY HOUSEHOLD EXPENDITURES, SUCH AS EXCESSIVE INTEREST PAYMENTS MADE OR PAYMENTS MADE FOR VARIOUS FORMS OF FINANCIAL PENALTIES. FORECLOSURE PREVENTION PROGRAM: THIS PROGRAM ASSISTS HOMEOWNERS IN MAINTAINING THEIR HOME AFTER BECOMING DELINQUENT ON THEIR HOME MORTGAGE. TYPICALLY THIS IS AFTER A HARDSHIP. OPTIONS OFFERED AS PART OF THE PROGRAM INCLUDE LOAN MODIFICATION AND CASH ASSISTANCE TO BRING THE MORTGAGE CURRENT AS WELL AS A NUMBER OF OTHER WORKOUT SOLUTIONS THAT RESTRUCTURE MORTGAGE PAYMENTS TO ENHANCE AFFORDABILITY. THE PROGRAM ALSO ASSISTS HOMEOWNERS IN CASES WHERE MAINTAINING THE CURRENT HOME IS NOT VIABLE WITH EXIT OPTIONS THAT MITIGATE FURTHER DAMAGE TO THE HOMEOWNER'S CREDIT, SUCH AS FACILITATING SHORT SALES AND USING DEEDS-IN-LIEU OF FORECLOSURE. HOME SALES TO QUALIFIED BUYERS AND RENTALS TO QUALIFIED RENTERS WHO, BASED ON INCOME AND OTHER ECONOMIC AND RELATED FACTORS, WOULD NOT BE ABLE TO PURCHASE A HOME OR RENT THROUGH THE TRADITIONAL MARKET PLACE DUE TO THE OBSTACLES AND CHALLENGES PRESENTED BY THE MARKET PLACE. THROUGH THE ORGANIZATION, THESE INDIVIDUALS HAVE THE OPPORTUNITY, WITH OUR HELP TO BECOME HOMEOWNERS OR RENTERS, AS WE ASSIST THEM IN OVERCOMING THOSE OBSTACLES AND BARRIERS.
Interesting data from their 2018 990 filing
The non-profit's aim, as indicated in the filing, is “Mustard seed development center was founded to serve the financial education and training needs of disenfranchised adults in low to moderate income households. a major focus of the center is assisting clients in obtaining and keeping home ownership status.”.
When referring to its functions, they were specified as: “Mustard seed development center was founded to serve the financial education and training needs of disenfranchised adults in low to moderate income households. a major focus of the center is assisting clients in obtaining and keeping home ownership status.”.
- The non-profit has reported their operating state as OH, as required by law.
- As stated in the filing, the non-profit's address in 2018 was 1557 VERNON ODEM BLVD, AKRON, OH, 44320.
- The non-profit's form reports a total of 7 employees as of 2018.
- The non-profit has outstanding loans as of 2018.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is -$98,942.
- The remuneration of the CEO of the organization is not determined through an impartial review and approval process.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 4 independent voting members.
- The organization was formed in 1999.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $187,958 in salary, compensation, and benefits to its employees.
- The organization pays $2,228 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has a business related family member transaction.
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