Consumers Credit Counseling Service Of Rochester Inc
- Assets
- $7.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 44
- Location
- Rochester, NY
- Founding
- 01/1971
- Data as of
- 12/2021
- EIN
- 16-0972260
Organization Overview
Consumers Credit Counseling Service Of Rochester Inc is located in Rochester, NY. The organization was established in 1971. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2021, Consumers Credit Counseling Service Of Rochester Inc employed 44 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Consumers Credit Counseling Service Of Rochester Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Consumers Credit Counseling Service Of Rochester Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE AND EMPOWER INDIVIDUALS TO CREATE A REALISTIC BUDGET TO AVOID BANKRUPTCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSUMER CREDIT COUNSELING SERVICE OF ROCHESTER, INC. (CCCS) PROVIDES A WIDE RANGE OF COMPREHENSIVE FINANCIAL LITERACY EDUCATION, PROGRAMMING AND COUNSELING SERVICES THAT FOCUS ON IMPROVING FINANCIAL WELLNESS. IN 2021 , DESPITE THE LINGERING CHALLENGES CAUSED BY THE GLOBAL PANDEMIC, WE SERVED THOUSANDS OF INDIVIDUALS AND FAMILIES ACROSS ALL OUR LICENSED LOCATIONS WITH 81% OF OUR CLIENTS MEETING LOW TO MODERATE INCOME GUIDELINES. SINCE FEBRUARY 2020, CCCS IS THE ANCHOR COUNSELING PARTNER OF THE CITIES FOR FINANCIAL EMPOWERMENT FUND'S FINANCIAL EMPOWERMENT CENTER OF ROCHESTER. CCCS OF ROCHESTER MAINTAINS ACCREDITATION FROM THE COUNCIL ON ACCREDITATION IS A MEMBER OF THE NATIONAL FOUNDATION FOR CREDIT COUNSELING AND CONTINUES TO HAVE AN A+ RATING WITH THE BETTER BUSINESS BUREAU.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Tracy Chief Executive Officer | Officer | 40 | $135,427 |
Christopher Camaione-Lind Director Of Ops & Finance | Officer | 40 | $100,511 |
Steve Phillips Chairman | OfficerTrustee | 0.6 | $0 |
Edward Saresky Vice Chair | OfficerTrustee | 0.6 | $0 |
Jack Christner Secretary | OfficerTrustee | 0.6 | $0 |
Terry Allenbrandt Treasurer | OfficerTrustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,572 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,074,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,211,227 |
| Total Program Service Revenue | $1,846,168 |
| Investment income | $154,402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $180,021 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,468,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $271,274 |
| Compensation of current officers, directors, key employees. | $210,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,237,991 |
| Pension plan accruals and contributions | $33,670 |
| Other employee benefits | $244,832 |
| Payroll taxes | $99,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,150 |
| Fees for services: Accounting | $11,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,683 |
| Fees for services: Other | $60,903 |
| Advertising and promotion | $254,040 |
| Office expenses | $212,863 |
| Information technology | $213,738 |
| Royalties | $0 |
| Occupancy | $144,802 |
| Travel | $16,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,814 |
| Interest | $2,217 |
| Payments to affiliates | $38,643 |
| Depreciation, depletion, and amortization | $70,711 |
| Insurance | $45,348 |
| All other expenses | $62,533 |
| Total functional expenses | $3,166,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,293 |
| Savings and temporary cash investments | $184,428 |
| Pledges and grants receivable | $290,894 |
| Accounts receivable, net | $92,039 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $89,657 |
| Net Land, buildings, and equipment | $249,989 |
| Investments—publicly traded securities | $6,548,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,058 |
| Total assets | $7,908,723 |
| Accounts payable and accrued expenses | $116,853 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $238,979 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $355,832 |
| Net assets without donor restrictions | $7,187,566 |
| Net assets with donor restrictions | $365,325 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,908,723 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Consumers Credit Counseling Service Of Rochester Inc has recieved totaling $583,996.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: ACQUISITION AND REHAB OF AFFORDABLE HOUSING | $250,000 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY PURPOSE: AGENCY ALLOCATION & GRANT | $111,365 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: SMALL BUSINESS OWNER CREDIT BUILDING PROGRAM | $92,021 |
Esl Charitable Foundation Inc Rochester, NY PURPOSE: GO FOR GOLD YOUTH FINANCIAL EDUCATION | $73,500 |
National Foundation For Credit Counseling Inc Washington, DC PURPOSE: FINANCIAL EDUCATION SUPPORT | $30,355 |
Rochester Area Community Foundation Initiatives Inc Rochester, NY PURPOSE: C.A.S.H. COACH PROGRAM | $18,700 |
Endowment Analysis
| Beg. Balance | $6,197,372 |
| Earnings | $789,705 |
| Admin Expense | $25,683 |
| Other Expense | $410,029 |
| Ending Balance | $6,551,365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Garden State Consumer Credit Counseling Inc Manalapan, NJ | $15,368,790 | $14,807,314 |
American Consumer Credit Counseling Inc Auburndale, MA | $18,184,034 | $13,306,197 |
Cambridge Credit Counseling Corp Agawam, MA | $10,545,696 | $7,101,425 |
Consumer Credit Counseling Service Of Delaware Valley Philadelphia, PA | $4,817,961 | $4,855,910 |
Hebrew Free Loan Society Inc New York, NY | $39,139,675 | $5,814,730 |
Consumer Credit And Budget Counseling Inc Marmora, NJ | $1,261,705 | $3,720,720 |
Consumers Credit Counseling Service Of Rochester Inc Rochester, NY | $7,908,723 | $3,468,563 |
Start Small Think Big Inc New York, NY | $5,478,531 | $5,454,234 |
Money Management New York, NY | $8,835,712 | $4,309,180 |
Advantage Credit Counseling Service Inc Pittsburgh, PA | $1,986,787 | $1,981,242 |
Intl Federation Of Red Cross And Red Crescent Soc At The U N Inc New York, NY | $144,561 | $1,804,361 |
Parachute Credit Counseling Inc West Seneca, NY | $1,575,678 | $1,698,417 |