The Golden Seeds Foundation
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
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.
- Income
- $755,246
- Spending
- $852,778
- Spent on programs
- 94%
- Reserves
- -1.5 months of spending
- Largest source of income
- government grants, 80%
- Employees
- 2
- Volunteers
- 18
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 34 out of 100. Higher than 19% of charities in its peer group (housing, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 156% of what it owns.
Living within its means
4 of 15Spending exceeded income by 13% of income.
Income trend
15 of 15Income rose 78% on the year before.
Spending floor
15 of 1594% of spending went to programs and raising each dollar of donations cost 5 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 91 out of 100. Higher than 72% of charities in its peer group (housing, $250k to $1m).
Independent board
25 of 259 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $203,510 spent. In 2024, The Golden S.E.E.D.S. Foundation celebrated the completion and closing of seven newly constructed affordable homes. To support these new homeowners and other community members on their journey, we coupled the housing initiative with our Mastering the Move educational learning series. The first cohort included 20 participants who engaged in weekly, interactive learning sessions covering essential topics such as financial preparedness, home maintenance, mortgage management, property taxes, insurance, estate planning, and community engagement. Participants not only received invaluable education impacting both their homebuying and homeownership experience but were also gifted customized new homeowner tool packages, which included: * A 6-foot ladder * HVAC filters tailored to each participant's home unit * A complete starter toolkit containing essential tools for minor household repairs These practical resources reinforced the program's mission to prepare new homeowners to confidently manage and maintain their homes. Mastering the Move has had a measurable impact-helping families transition from renters to informed, empowered homeowners who can sustain their investments and strengthen the fabric of their community. The Golden S.E.E.D.S. Foundation looks forward to continuing and expanding this initiative in the coming year, offering additional sessions each season and increasing outreach to support more first-time homeowners in Dallas and surrounding communities.
- $600,122 spent. Affordable housing refers to housing units that are affordable to those with a median household income or below, ensuring that residents do not spend more than 30% of their gross income on housing costs, including rent or mortgage payments and utilities. The primary goal of affordable housing projects is to prevent individuals and families from becoming cost-burdened, which can lead to financial instability and homelessness.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2012 for not filing returns for three years, and reinstated on May 15, 2012.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.