Consumer Credit Counseling Service Of The Midwest Inc
- Assets
- $5.4m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 41
- Location
- Gahanna, OH
- Founding
- 07/1968
- Data as of
- 12/2021
- EIN
- 31-0731111
Organization Overview
Consumer Credit Counseling Service Of The Midwest Inc, operating under the name Apprisen, is located in Gahanna, OH. The organization was established in 1968. 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, Apprisen employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apprisen 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, Apprisen generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRISEN PROVIDES COMPREHENSIVE FINANCIAL COUNSELING AND EDUCATION TO INDIVIDUALS AND FAMILIES SEEKING TO IMPROVE THEIR FINANCIAL HEALTH. IN 2021, WE HELD APPROXIMATELY 6254 CONFIDENTIAL COUNSELING SESSIONS WITH PREDOMINANTLY LOW-TO-MODERATE INCOME CONSUMERS. OUR CERTIFIED COUNSELORS REVIEW INCOME, MONTHLY EXPENSES AND DEBT. THEY WORK WITH THE CLIENT TO SET FINANCIAL GOALS AND CREATE A PLAN TO ACHIEVE THEM. THE CLIENT RECEIVES A CUSTOMIZED PLAN OF ACTION TO IMPROVE THEIR FINANCIAL HEALTH. ABOUT 29% OF THOSE COUNSELED ENTER INTO A DEBT MANAGEMENT PROGRAM (DMP). THE DMP IS A STRUCTURED PROGRAM THAT HELPS INDIVIDUALS REPAY THEIR UNSECURED DEBT. IN 2021, INDIVIDUALS IN OUR DMP PAID DOWN $29,372,234 WORTH OF DEBT & 83% OF ENROLLEES COMPLETED THEIR DMP SUCCESSFULLY.
APPRISEN IS A HUD-CERTIFIED AGENCY, OFFERING PRE-PURCHASE COUNSELING, RENTAL COUNSELING AND FORECLOSURE PREVENTION COUNSELING. IN 2021, WE HELD 342 HOUSING-RELATED SESSIONS, THE MAJORITY OF WHICH FOCUSED ON DELINQUENT MORTGAGES AND FORECLOSURE PREVENTION.
APPRISEN PROVIDES COMMUNITY FINANCIAL EDUCATION AND OUTREACH PROGRAMS AIMED AT EMPOWERING INDIVIDUALS TO BUILD THEIR FINANCIAL HEALTH. WE WORK CLOSELY WITH COMMUNITY ORGANIZATIONS AND BUSINESSES TO DETERMINE EXISTING AND EMERGING PERSONAL FINANCE ISSUES AND DEVELOP PROGRAMMING TO ADDRESS THOSE NEEDS. IN 2021, WE HELD OVER 65 MEETINGS WITH COMMUNITY PARTNERS. WE PROVIDED COMMUNITY PRESENTATIONS AND EXTENSIVE DIGITAL EDUCATION THROUGH OUR WEBINARS, BLOG AND SOCIAL MEDIA OUTLETS. IN 2021, WE CONDUCTED WE REACHED OVER 30,000 PREDOMINATELY LMI INDIVIDUALS THROUGH OUR COMMUNITY BASED & ONLINE FINANCIAL EDUCATION EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnny M Cantrell President/ceo | Officer | 50 | $200,582 |
Christopher J Kallay Vp/treasuer/cfo | Officer | 50 | $177,682 |
Brian Yoder Secretary/director Of Admi | Officer | 40 | $86,075 |
Michael Harding Chairperson Of The Board | OfficerTrustee | 4 | $0 |
Teresa Holland Rich Director | Trustee | 2 | $0 |
Jay E Michael Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Easyit Information Technology | 12/30/17 | $104,175 |
Hmb Information Systems Software Development | 12/30/17 | $256,220 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $30,948 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,126,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,340,916 |
| Noncash contributions included in lines 1a–1f | $158,408 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,498,424 |
| Total Program Service Revenue | $1,561,344 |
| Investment income | $101,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$16,515 |
| Net Gain/Loss on Asset Sales | $22,146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,167,342 |
| 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. | $584,545 |
| Compensation of current officers, directors, key employees. | $310,686 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,622,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $288,554 |
| Payroll taxes | $184,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,925 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,302 |
| Fees for services: Other | $143,220 |
| Advertising and promotion | $294,037 |
| Office expenses | $10,259 |
| Information technology | $264,408 |
| Royalties | $0 |
| Occupancy | $82,452 |
| Travel | $5,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,485 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,512 |
| Insurance | $81,979 |
| All other expenses | $80,333 |
| Total functional expenses | $3,951,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,092,287 |
| Pledges and grants receivable | $639,708 |
| Accounts receivable, net | $40,405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,678 |
| Prepaid expenses and deferred charges | $165,018 |
| Net Land, buildings, and equipment | $68,414 |
| Investments—publicly traded securities | $3,281,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $126,048 |
| Other assets | $15,320 |
| Total assets | $5,434,834 |
| Accounts payable and accrued expenses | $425,524 |
| Grants payable | $0 |
| Deferred revenue | $9,242 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $375,156 |
| 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 | $106,078 |
| Total liabilities | $916,000 |
| Net assets without donor restrictions | $4,056,302 |
| Net assets with donor restrictions | $462,532 |
| 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 | $5,434,834 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Consumer Credit Counseling Service Of The Midwest Inc has recieved totaling $95,416.
| Awarding Organization | Amount |
|---|---|
National Foundation For Credit Counseling Inc Washington, DC PURPOSE: FINANCIAL EDUCATION SUPPORT | $81,524 |
Heritage Fund Of Bartholomew County Inc Columbus, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $7,055 |
The United Way Of Youngstown And The Mahoning Valley Youngstown, OH PURPOSE: PROGRAM SERVICES | $6,790 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Endowment Analysis
| Beg. Balance | $60,940 |
| Earnings | $16,391 |
| Admin Expense | $518 |
| Other Expense | $3,047 |
| Ending Balance | $73,766 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homeownership Preservation Foundation Farmington Hills, MI | $9,859,367 | $7,508,104 |
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 |
Southwest Economic Solutions Detroit, MI | $1,547,756 | $3,561,883 |
National Association Of Investors Corporation Troy, MI | $3,876,994 | $2,170,565 |
Advantage Credit Counseling Service Inc Pittsburgh, PA | $1,986,787 | $1,981,242 |
Usa Cares Inc Louisville, KY | $1,622,546 | $2,426,137 |
Chn Housing Capital Cleveland, OH | $8,811,020 | $2,597,719 |
Homeownership Center Of Greater Dayton Inc Dayton, OH | $721,425 | $1,226,035 |
National Debt Management Inc Southfield, MI | $65,495 | $932,102 |