SILVER2022

Dominion Financial Management Inc.

For Dominion belongs to The Lord (Psalm 22:28)

Smyrna, TN   |  www.dominionfinancial.org

Mission

The mission of Dominion Financial Management, Inc. is to help people of all ages learn to manage their finances according to Biblical principles. Clients who come to see us want to fix their financial situation. They feel hopeless, ashamed, defeated and often paralyzed by fear. No one should be stuck in this cycle of financial failure. We know what it is like to need relief and we have helped guide thousands to be financial confident and prepared for the financial future they desire. Our clients avoid the failure of being stuck in place, unable to move forward and eventually ending in financial ruin. Instead we see transformation from the stress of financial chaos to the peace of calmly accomplishing financial goals.

Ruling year info

1999

Executive Director

Ms Regina T. Harvey

President/Chief Operations Officer

Mr. Ronald D Harvey

Main address

PO Box 1512

Smyrna, TN 37167 USA

Show more contact info

EIN

56-2140536

NTEE code info

Financial Counseling, Money Management (P51)

Food Service, Free Food Distribution Programs (K30)

Urban, Community (S31)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

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.

Population(s) Served
Adults

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.

Population(s) Served
Adults

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.

Population(s) Served
Families
Adults

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.

Population(s) Served
Adults

Where we work

Accreditations

NeighborWorks America 2015

Awards

Financials

Dominion Financial Management Inc.
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Operations

The people, governance practices, and partners that make the organization tick.

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Dominion Financial Management Inc.

Board of directors
as of 06/20/2022
SOURCE: Self-reported by organization
Board chair

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

SOURCE: Self-reported; last updated 6/20/2022

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:

Race & ethnicity
Black/African American
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

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