Credit Counseling Center
- Assets
- $590.8k
- Revenue
- $438.6k
- Investments
- $0.0
- Employees
- 14
- Location
- Richboro, PA
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 23-2754268
Organization Overview
Credit Counseling Center is located in Richboro, PA. The organization was established in 1994. 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 12/2022, Credit Counseling Center employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credit Counseling Center 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 12/2022, Credit Counseling Center generated $438.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $569.9k during the year ending 12/2022. While expenses have increased by 4.9% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT COUNSELING AND DEBT MANAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDIT COUNSELING - THE ORGANIZATION PROVIDES THE FOLLOWING TYPES OF COUNSELING: BANKRUPTCY COUNSELING - THE CENTER IS US TRUSTEE APPROVED TO PROVIDE PRE- FILING BUDGET COUNSELING AND THE PRE-DISCHARGE FINANCIAL MANAGEMENT COURSE. HOUSING COUNSELING - THE CENTER OFFERS PRE-PURCHASE/PRE-CLOSING, AND FORECLOSURE PREVENTION AND LOSS MITIGATION COUNSELING. BUDGET COUNSELING/DEBT MANAGEMENT/BANK GRANTS - THE CENTER PROVIDES AN INCOME AND EXPENSE REVIEW, DEVELOPS A BUDGET AND, IF NECESSARY, CONTACTS CREDITORS TO REPAY CREDIT CARD DEBT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Powers-Watts Executive Di | Officer | 40 | $76,476 |
Anne Berlin Treasurer | OfficerTrustee | 5 | $0 |
Bradford Connard Secretary | OfficerTrustee | 5 | $0 |
Teri Reif Vice-Chairma | OfficerTrustee | 5 | $0 |
Ryan Fuller Board Chairm | OfficerTrustee | 5 | $0 |
Lisa Folks Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,996 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,807 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,803 |
| Total Program Service Revenue | $195,434 |
| Investment income | $5,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,333 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,639 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,738 |
| Pension plan accruals and contributions | $3,527 |
| Other employee benefits | $22,494 |
| Payroll taxes | $31,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,689 |
| Advertising and promotion | $20,836 |
| Office expenses | $18,091 |
| Information technology | $17,262 |
| Royalties | $0 |
| Occupancy | $11,531 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,295 |
| Insurance | $9,666 |
| All other expenses | $4,444 |
| Total functional expenses | $569,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,897 |
| Savings and temporary cash investments | $130,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,220 |
| 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 | $7,516 |
| Net Land, buildings, and equipment | $4,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $590,787 |
| Accounts payable and accrued expenses | $3,236 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $3,236 |
| Net assets without donor restrictions | $587,551 |
| Net assets with donor restrictions | $0 |
| 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 | $590,787 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Credit Counseling Center has recieved totaling $5,547.
| Awarding Organization | Amount |
|---|---|
William Penn Community Foundation Bristol, PA PURPOSE: FOR SUPPORT OF THEIR BUDGET AND CREDIT COUNSELING AND FIRST TIME HOMEBUYER PROGRAMS | $3,000 |
Wsfs Foundation Wilmington, DE PURPOSE: AFFORDABLE HOUSING | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Garden State Consumer Credit Counseling Inc Manalapan, NJ | $15,368,790 | $14,807,314 |
Trinity Credit Counseling Inc Cincinnati, OH | $7,906,378 | $6,728,875 |
Consumer Credit Counseling Service Of Delaware Valley Philadelphia, PA | $4,817,961 | $4,855,910 |
Ethiopian Tewahedo Social Services Columbus, OH | $1,906,040 | $4,712,779 |
Consumer Credit Counseling Service Of The Midwest Inc Gahanna, OH | $5,434,834 | $5,167,342 |
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 |
Consumer Credit Counseling Service Of Maryland And Delaware Inc Columbia, MD | $10,074,197 | $2,872,253 |
Advantage Credit Counseling Service Inc Pittsburgh, PA | $1,986,787 | $1,981,242 |