Consumer Credit Counseling Service Of Northern Illinois Inc
- Assets
- $704.1k
- Revenue
- $889.6k
- Investments
- $0.0
- Employees
- 18
- Location
- Woodstock, IL
- Founding
- 04/1983
- Data as of
- 12/2023
- EIN
- 36-3185383
Organization Overview
Consumer Credit Counseling Service Of Northern Illinois Inc is located in Woodstock, IL. The organization was established in 1983. 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 12/2023, Consumer Credit Counseling Service Of Northern Illinois Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumer Credit Counseling Service Of Northern Illinois 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, Consumer Credit Counseling Service Of Northern Illinois Inc generated $889.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $782.8k during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN AND EMPOWER COMMUNITIES THROUGH COUNSELING, EDUCATING, AND SERVING INDIVIDUALS IN MATTERS OF HOUSING AND PERSONAL FINANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING COUNSELING - HUD APPROVED COUNSELING INCLUDING RENTAL, MORTGAGE DEFAULT AND FORECLOSURE PREVENTION, PREPURCHASE EDUCATION AND REVERSE MORTGAGE COUNSELING.
DEBT MANAGEMENT - ALLOWS CLIENTS TO PAY OFF UNSECURED DEBT AT REDUCED INTEREST AND FEES.
EDUCATION - CLASSES AND WORKSHOPS ARE OFFERED AT THE AGENCY CONCERNING BANKRUPTCY DISCHARGE AND PRE-PURCHASE CERTIFICATION FOR DOWN-PAYMENT ASSISTANCE PROGRAMS. A VARIETY OF TOPICS ARE TAUGHT AT TOWNSHIPS, LIBRARIES AND SOCIAL SERVICE AGENCIES TAILORED TO THE NEEDS OF THE AUDIENCE. CLASSES ARE TAUGHT AT AGENCIES SERVING HOMELESS WOMEN AND VETERANS AND AT TOWNSHIPS FOR THOSE RECEIVING GENERAL ASSISTANCE.SENIOR SERVICE CLASSES ADDRESS REVERSE MORTGAGE AND SCAM PREVENTION. FINANCIAL LITERACY WORKSHOPS PRESENTED FOR PEOPLE IMPACTED BY THE JUSTICE SYSTEM AS THEY PREPARE TO RE-ENTER THEIR COMMUNITIES, REDUCING RECIDIVSM WHILE INCREASING THE INDIVIDUALS' ABILITY TO MANAGE THEIR MONEY, REMAIN IN THEIR HOMES AND BUILD GENERATIONAL WEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Devinger President | OfficerTrustee | 1 | $0 |
Paul Zukowski Vice-President | OfficerTrustee | 1 | $0 |
Laura Franz Secretary | OfficerTrustee | 1 | $0 |
Richard Adamson Treasurer | OfficerTrustee | 1 | $0 |
James D Huls Director | Trustee | 1 | $0 |
Melissa Hernandez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $540,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $814,379 |
| Total Program Service Revenue | $70,336 |
| Investment income | $4,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $58,745 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,995 |
| Compensation of current officers, directors, key employees. | $8,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $432,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,407 |
| Payroll taxes | $39,480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,508 |
| Advertising and promotion | $6,019 |
| Office expenses | $23,426 |
| Information technology | $46,382 |
| Royalties | $0 |
| Occupancy | $33,727 |
| 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 | $2,582 |
| Insurance | $11,202 |
| All other expenses | $0 |
| Total functional expenses | $782,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,528 |
| Savings and temporary cash investments | $490,519 |
| Pledges and grants receivable | $167,223 |
| Accounts receivable, net | $200 |
| 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 | $6,813 |
| Net Land, buildings, and equipment | $712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $22,116 |
| Other assets | $0 |
| Total assets | $704,111 |
| Accounts payable and accrued expenses | $24,649 |
| Grants payable | $0 |
| Deferred revenue | $117,180 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,600 |
| 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 | $22,116 |
| Total liabilities | $168,545 |
| Net assets without donor restrictions | $465,441 |
| Net assets with donor restrictions | $70,125 |
| 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 | $704,111 |