THE GOLDEN SEEDS FOUNDATION

EIN: 320216688 501(c)(3) Housing & Shelter

Dallas, TX

Total Revenue
$424,430
Total Expenses
$525,853
Total Assets
$894,957
Net Assets
$-12,245
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
Libbie Lee
Phone
2149435010
Tax Period
2023-01-01 to 2023-12-31

THE GOLDEN SEEDS FOUNDATION, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $424K in total revenue in fiscal year 2023. Revenue surged 162% from the prior year, signaling strong growth momentum. Expenses of $526K exceeded revenue, resulting in a 24% operating deficit.

Mission

The mission of The Golden SEEDS Foundation, a non-profit community redevelopment corporation, is to transform our neighborhood into a vibrant community through Spirit-led acts of justice and mercy. We seek to accomplish this through the promotion of biblical values, social justice, and economic empowerment, creating hope for the most vulnerable in our community.

Program Service Accomplishments

Program 1
Expenses: $287,501 Revenue: $406,335

The Community Driven Growth initiative was funded by the JPMorgan Chase Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) - a $125 million, five-year initiative to provide...

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The Community Driven Growth initiative was funded by the JPMorgan Chase Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) - a $125 million, five-year initiative to provide communities with the capital and tools they need to support locally driven solutions and address key drivers of inequality across the country. The program used an equitable development approach to economic growth by helping neighborhoods implement comprehensive strategies that address barriers to economic mobility. Equitable development as both an idea and a practice is evolving. Recentering development and investment so they benefit residents of disinvested communities is at the core of delivering equitable development. Our knowledge of tools, strategies, and tactics continued to grow as communities, stakeholders, practitioners, and community-based organizations sought to undo decades of disinvestment and discriminatory policies and practices without causing widespread displacement. This work included engaging hundreds of residents in The Bottom; hours of planning; and parcel-by-parcel surveys to not only collect data but to also hear the ideas and visions of those residents. This work was made possible with the help of a community quarterback from this neighborhood. Throughout this community-led process, it was completely clear that the neighborhoods did not want any more plans - they have been part of decades of planning processes and have seen no action. They have a lot of ideas that they feel would make a difference and we recorded them knowing that their vision would finally drive action for their community. It was not all pleasant. Not all participants agreed on every idea, but healthy debate was evident, and it led to greater understanding. It was also clear that the community has very strong resident leadership.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $288,240
Program Service Revenue $0
Investment Income $0
Other Revenue $136,190
TOTAL REVENUE $424,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $143,159
Fundraising Expenses $190,681
Program Expenses $287,501
Other Expenses $382,694
TOTAL EXPENSES $525,853

Year-over-Year Comparison

2023 2022 Change
Revenue $424,430 $161,735 +1.6%
Expenses $525,853 $332,334 +0.6%
Net Income $-101,423 $-170,599 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$3,000
Total Directors
9
$3,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sean Tate Legal Counsel 1
Officer Director
$3,000 $0 $3,000
Vincent T Parker Board Chair 1
Officer Director
$0 $0 $0
Mae Marshall Board Secretary 1
Officer Director
$0 $0 $0
Jay Haigler Board Member 1
Director
$0 $0 $0
Brent Brown Board Member 1
Director
$0 $0 $0
Denise Mason Board Member 1
Director
$0 $0 $0
Kevin Hannah Vice Chair 1
Officer Director
$0 $0 $0
Tommy Bowie Board Member 1
Director
$0 $0 $0
Karyn Martin Board Member 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $424,430 $525,853 $894,957 $-101,423
2022 $161,735 $332,334 $117,457 $-170,599
2021 $244,687 $124,689 $288,009 $119,998
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