Mustard Seed Development 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 homeownership status.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $42K a year · 16% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$674K
151% of total assets
Concern: liabilities are 151% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$311K
-13% vs prior year
Spent
$466K
To programs
88%
Net assets
−$227K
By yearFY2020–FY2025
Revenue
$311K
FY2022▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$167K
FY2021$358K
FY2022$311K
FY2023$254K
FY2024$261K
FY2025$247K
Expenses
$466K
FY2022▲ +56%
Tap a bar for its year
Expenses by fiscal year
FY2020$172K
FY2021$299K
FY2022$466K
FY2023$361K
FY2024$277K
FY2025$277K
Net assets
−$227K
FY2022▼ -216%
Tap a bar for its year
Net assets by fiscal year
FY2020$92K
FY2021−$72K
FY2022−$227K
FY2023−$334K
FY2024−$353K
FY2025−$383K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $408K Management & general 12% · $58K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$60,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Executive Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Mintoree Stokes’s $48K as Executive Director is at the 35th percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mintoree Stokes$47,500$45,750$65,313$60,000$16,923$19,038
Audrey McLain——$11,100———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Teaches financial literacy and homeownership skills to low-income adults.

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Provided by the organization

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1 program · $408K · in their own filed words · FY2022
01

Pre-Purchase Housing Counseling Program

This program consists of homebuyer seminars along with one-to-one counseling sessions that focus on educating families regarding the purchase and/or rental of a home and overcoming barriers that contribute to sub-standard housing.

$408Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$311K
Ln 12
Fees for servicesLn 2g$297K
Gifts and grantsLn 1h$12K
Other incomeLn 4–11$2K
Money outPt IX
$466K
Ln 25
Programscol B$408K
Managementcol C$58K
Owns and owesPt X
−$227K
net assets · Ln 32
Cash and savingsLn 1–2$231K
Total assetsLn 16$447K
LiabilitiesLn 26$674K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Government grantsLn 1e$10K
Fees for servicesLn 2g$297K
Other incomeLn 4–11$2K
Total revenueLn 12$311K
Assets in detailPt X, end of year
CashLn 1$231K
Cash and savings togetherLn 1–2$231K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$447K
LiabilitiesLn 26$674K
Net assetsLn 32−$227K
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$35K$231K
Land, buildings, equipmentLn 10c$406$9K
Total assetsLn 16$215K$447K
LiabilitiesLn 26$287K$674K
Net assetsLn 32−$72K−$227K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$158K$137K$21K
Other salaries and wagesLn 7$124K$108K$16K
Other employee benefitsLn 9$4K$3K$570
Payroll taxesLn 10$50K$42K$7K
Accounting feesLn 11c$9K$8K$1K
Other fees for servicesLn 11g$20K$17K$3K
Office expensesLn 13$11K$9K$2K
OccupancyLn 16$9K$8K$1K
TravelLn 17$91$91
InterestLn 20$13K$11K$2K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$5K$4K$790
Other expenses (24a–d)Ln 24$62K$59K$4K
Total functional expensesLn 25$466K$408K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $247K$277K−$29K−$383K 990 PDF
FY2024 $261K$277K−$16K−$353K 990 PDF
FY2023 $254K$361K−$107K−$334K 990 PDF
FY2022 Viewing $311K$466K−$155K−$227K 990 PDF
FY2021 $358K$299K$60K−$72K 990 PDF
FY2020 $167K$172K−$5K$92K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $310,553 revenue, 12 lines filed
I-8 Contributions and grants$11,500
I-9 Program service revenuePrior year $346,750$296,799
I-10 Investment income$0
I-11 Other revenuePrior year $11,350$2,254
I-12 Total revenuePrior year $358,100$310,553
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $195,240$335,035
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $103,315$130,695
I-18 Total expensesPrior year $298,555$465,730
I-19 Revenue less expensesPrior year $59,545−$155,177
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $310,553 across 6 lines filed
VIII-1e Government grants$10,000
VIII-1f All other contributions, gifts and grants$1,500
VIII-1h Total contributions, gifts and grants$11,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $296,799$296,799
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,254$2,254
VIII-12 Total revenueRelated to mission $299,053$310,553
Part IX · Statement of functional expenses $465,730 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $137,274 · Management $20,512$157,786
IX-7 Other salaries and wagesPrograms $107,762 · Management $16,102$123,864
IX-9 Other employee benefitsPrograms $3,231 · Management $570$3,801
IX-10 Payroll taxesPrograms $42,146 · Management $7,438$49,584
IX-11c Accounting feesPrograms $7,714 · Management $1,361$9,075
IX-11g Other fees for servicesPrograms $16,742 · Management $2,955$19,697
IX-13 Office expensesPrograms $9,295 · Management $1,640$10,935
IX-16 OccupancyPrograms $7,699 · Management $1,359$9,058
IX-17 TravelPrograms $91$91
IX-20 InterestPrograms $10,953 · Management $1,637$12,590
IX-22 Depreciation, depletion and amortizationPrograms $1,640$1,640
IX-23 InsurancePrograms $4,477 · Management $790$5,267
IX-24 Other expenses (24a–d)Programs $58,521 · Management $3,821$62,342
IX-25 Total functional expensesPrograms $407,545 · Management $58,185 · Fundraising $0$465,730
Part X · Balance sheet $447,014 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $35,395$230,969
X-8 Inventories for sale or useStart of year $179,249$207,438
X-10c Land, buildings and equipment, netStart of year $406$8,607
X-16 Total assetsStart of year $215,050$447,014
X-17 Accounts payable and accrued expensesStart of year $232,282$153,054
X-19 Deferred revenueStart of year $7,500$7,500
X-24 Unsecured notes and loans payable$512,590
X-25 Other liabilitiesStart of year $24,437$675
X-26 Total liabilitiesStart of year $286,780$673,922
X-32 Total net assets or fund balancesStart of year −$71,730−$226,908
X-33 Total liabilities and net assetsStart of year $215,050$447,014
Part XI · Reconciliation of net assets −$226,908 net assets at year end
XI-1 Total revenue$310,553
XI-2 Total expenses$465,730
XI-3 Revenue less expenses−$155,177
XI-4 Net assets at start of year−$71,730
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year−$226,908

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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