October 4, 2005
-- by Thomas Leavitt
This is a follow up to the "Follow the money... in Ohio" posting.
President Scott Syphax: $574,535
Founder Don F. Harris: $185,000 (for 15 hours a week!)
Other officers (may include Harris) earning six-figure salaries: 9
Pretty nice, eh? How many folks do you know in the non-profit world that earn this type of money?
Dominion Homes appears to be embarassed by the attention paid to this program - they've dropped it from their web site.
The Nehemiah Program: Dominion Homes is proud to be a participant in the Nehemiah Home Ownership Program. This program revolves around the donation or gift of funds to Homebuyers from a not-for-profit organization called the Nehemiah Corporation. You can get more information on the Nehemiah program by clicking here or by visiting their website at www.getdownpayment.com.
They've also dropped the $0 Down Option ALT tag for the graphic on the page, dropped a paragraph about Balloon Mortgages, and dropped a paragraph about "Other Non-Traditional Programs" and seeing a "Dominion Homes sales representative or Dominion Homes Financial Services® loan counselor for details." ... generally shortening the page and dropping references to higher risk programs.
P.S. Here's a 2002 article from BankRate.com that describes the issues in more detail.
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» Home building & money laundering from peoplehavethepower.org
Seeing The Forest has an interesting piece on homebuilders funneling money to buyers through non-profit organizations. Problem? Yeah, it's kind of illegal. Not surprisingly, Ohio politicians are involved. Dominion has already scrubbed their websit... [Read More]
Tracked on October 5, 2005 6:59 AM
I'll bet this isn't unique. Disgusting, money laundering, but I can't help wondering if this isn't typical of a lot of non-profit "charities"?
... it is not typical of the non-profit organizations I know in my area, where everyone, from the top on down sacrifices to work for a good cause. Of course, most of them don't have "Corporation" in their name, either.
Posted by: Thomas Leavitt at October 5, 2005 7:42 AM
Just found this site. First, the writer of the Columbus Dispatch was very wrong about how much time I spend working as the founder of Nehemiah. The 15 hour item was a misread of the 990 tax form, which requires that you state how much time you spend as a "Board Member." I was both Chairman of the Board (15 hours a week)and the CEO (at least 40 hours per week) which means that I actually typically worked 50 to 60 hours per week. If you are interested in more of the truth, I encourgage you visit my website www.franklintanner.com or www.thenehemiahchronicles.com. Thanks.
Posted by: Don F. Harris at November 14, 2005 6:22 AM
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