Dominion Financial Management Inc.
For Dominion belongs to The Lord (Psalm 22:28)
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
HomeBuyer Education
HomeBuyer Education provides information to clients who are interested in purchasing their first home. We offer a monthly financial literacy class for long-term clients and a comprehensive one-time class for mortgage ready clients. Our Fast Track class for mortgage ready clients satisfies the requirements of down payment assistance and other programs that help First Time Homebuyers. Examples include the Tennessee Housing Development Agency (THDA), The Housing Fund, Welcome Home and the City of Murfreesboro Community Development Department. These programs require six hours of education. We use the Realizing the American Dream curriculum developed by Neighborworks America. The curriculum covers topics such as: Are You Ready to Purchase a Home, Managing Your Money, Understanding Credit, Obtaining a Mortgage Loan, Shopping for a Home and Protecting Your Investment. Online education is available for those who prefer the flexibility of studying at home according to your own schedule. Click here to access the online class. https://app.ehomeamerica.org/dfm?id=org. Once on the site, you may register, select the class and register/pay for the class. Contact us to finish the requirements to obtain your certificate.
Financial Coaching, Education and Counseling
Our financial counseling program incorporates individual and/or group sessions with three components. First, we help families develop a budget designed to help them accomplish their financial goals. A budget or spending plan is the first step in basic money management. Everyone should have a spending plan or budget that reflects their priorities and values.
Second, it is important to understand the components of credit and how to review a credit report. Free credit reports are available through annualcreditreport.com. Reviewing the credit report each year is important to protect against identify theft and identify errors or other items that need to be corrected on the credit report of each adult member of the family.
Third, reducing or eliminating debt are the final pieces of basic money management. It is important to include money in the family monthly budget for paying off debt. Including savings in the family budget and planning for unexpected expenses will help families avoid debt. We provide these services on a fee-for-service basis. We have found increased participation and increased positive outcomes from those who contribute a moderate amount for the coaching and education programs.
Dominion FoodWorks
According to USDA, food-at-home has increased more in the first two months of 2014 than in all of 2013. We have seen families' food budgets soar while their wages became stagnant. After speaking with families, their concern was not only the expense of their food but their quality as well. Our mission is to provide affordable, nutritious food to help families manage their food budgets.
Dominion FoodWORKS
is a program providing affordable, nutritious food for families to help stretch
their food dollars. We sell these boxes for $35.00 for over 30 pounds of
food. The program is used as a tool for
those whom we serve and other members of the community who are seeking
alternative tools to balance their budgets. Food expenses take up a disproportionate amount of family budgets and
this program provides a healthy, affordable alternative. The WORKS portion of the program provides job
training opportunities to the volunteers who work in the program. We also fuundraise for boxes to be donated during the holiday season to help families stretch their food dollars and make ends meet. A $35 donation results in 30 lbs of food given to a family.
Bible Study
We have completed our first Bible Study Series, entitled Money and Marriage. The purpose of the series is to provide a Bible Study designed to help couples come together to manage their finances. The study allows for couples to complete reading and answer questions individually before reviewing the questions with each other. Then once a week, the couples registered for the class meet together to share insights from their individual and couple study.
Where we work
Accreditations
NeighborWorks America 2015
Awards
External reviews
Financials
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Operations
The people, governance practices, and partners that make the organization tick.
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Connect with nonprofit leaders
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- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
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Dominion Financial Management Inc.
Board of directorsas of 06/20/2022
Ms Cheryl Tolbert
Self Employed
Term: 2016 - 2023
Cheryl Tolbert
Belmont Church
Angela Bartlett-Treece
County School System
Michael Green
Metro-Davidson Housing Authority
Kenneth McKnight
Retired
Fran Veal
Self-Employed
Tiffany Schmidt
UT/TSU Extension
Jamie Steelman
Iberia Bank
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
The organization's co-leader identifies as:
No data
Race & ethnicity
No data
Gender identity
No data
Transgender Identity
No data
Sexual orientation
No data
Disability
No data