123 Credit Counselors Inc
- Assets
- $13.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-3351880
Organization Overview
123 Credit Counselors Inc is located in Miami, FL. The organization was established in 2007. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 123 Credit Counselors 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 12/2023, 123 Credit Counselors Inc generated $103.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $115.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CONDUCTED LOW-COST FINANCIAL COUNSELING CLASSES FOR OVER 3000 INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tania Watzko Executive Director | 0 | $0 | |
Garrett Kanakaole Director | 2 | $0 | |
Aurelio Martinez Director | 2 | $0 | |
Don Pirozzoli Director | 2 | $0 | |
Todd Romer Director | 2 | $0 | |
Aurora Talavera Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $103,756 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $103,756 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $87,024 |
| Professional fees and other payments to independent contractors | $740 |
| Occupancy, rent, utilities, and maintenance | $4,126 |
| Printing, publications, postage, and shipping | $85 |
| Other expenses | $23,325 |
| Total expenses | $115,300 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,700 |
| Other assets | $0 |
| Total assets | $13,825 |
| Total liabilities | $64,000 |
| Net assets or fund balances | -$50,175 |