Family Credit Counseling Service Inc

Organization Overview

Family Credit Counseling Service Inc, operating under the name Family Credit Management Services, is located in Chicago, IL. The organization was established in 1996. 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, Family Credit Management Services employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Credit Management Services 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, Family Credit Management Services generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 3.2% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FAMILY CREDIT COUNSELING SERVICE INC. (FCCS) WAS ESTABLISHED TO PROVIDE FINANCIAL EDUCATION FOR CONSUMERS, WITH AN EMPHASIS ON CONSUMERS WITH LOW INCOME AND/OR EXCESSIVE AMOUNTS OF DEBT.

Describe the Organization's Program Activity:

COUNSELING SERVICES: CONSUMERS CAN RECEIVE COUNSELING SERVICES VIA TELEPHONE, ELECTRONIC COMMUNICATION, OR IN-PERSON VISITS AT ANY OF OUR LOCATIONS. SERVICES PROVIDED INCLUDE DEVELOPING A HOUSEHOLD BUDGET, CREDIT REPORT REVIEWS, PRE-PURCHASE HOUSING COUNSELING, AND ANY OTHER TOPIC RELATED TO THEIR OVERALL FINANCIAL SITUATION. THE ABOVE SERVICES ARE OFFERED AT NO COST TO THE CONSUMER. IN ADDITION, WE ARE APPROVED BY THE DEPARTMENT OF JUSTICE TO PROVIDE PRE-FILING BANK- RUPTCY COUNSELING AND ISSUE COUNSELING CERTIFICATES IN COMPLIANCE WITH THE BANKRUPTCY CODE.


EDUCATION SERVICES: FCCS' EDUCATIONAL OUTREACH INCLUDES OUR PERSONAL FINANCE MADE EASY WORKBOOK AND CLASSES, A CHILDREN'S BOOK CALLED "KATHRYN AND ELIZABETH GO SHOPPING", THE STOP. THINK. SAVE! CAMPAIGN, VARIOUS SEMINARS AND EVENTS HELD IN CONJUNCTION WITH ORGANIZATIONS INCLUDING LOCAL HOUSING AUTHORITIES, HABITAT FOR HUMANITY, AND TV BROADCASTS ON CHICAGO AREA NETWORK TELEVISION. ADDITIONAL EDUCATION MATERIALS OFFERED INCLUDE A WIDE VARIETY OF HOME STUDY EDUCATIONAL MATERIAL, OUR RESUME WRITING WORKSHOPS, AND A WEALTH OF FINANCIAL TOOLS AND MATERIALS AVAILABLE AT WWW.FAMILYCREDIT.ORG AND WWW.STOPTHINKSAVE.ORG. MOST OF THE ABOVE SERVICES ARE OFFERED AT NO COST TO THE CONSUMER.


DEBT MANAGEMENT PROGRAM: A SMALL PERCENTAGE OF CONSUMERS WHO CONTACT FAMILY CREDIT FOR COUNSELING OR EDUCATIONAL ASSISTANCE ALSO DECIDE TO ENROLL IN OUR DEBT MANAGEMENT PROGRAM. FAMILY CREDIT ALSO PROVIDES ONGOING COUNSELING TO PARTICIPANTS WHICH MAY INCLUDE SUBSEQUENT REVIEWS OF HOUSEHOLD BUDGETS AND THE CONSUMER'S OVERALL FINANCIAL SITUATION.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $441,087
All other contributions, gifts, grants, and similar amounts not included above$1,026,756
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,467,843
Total Program Service Revenue$5,797,185
Investment income $273,929
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$11,467
Net Gain/Loss on Asset Sales $166,500
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,733,487

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Family Credit Counseling Service Inc has recieved totaling $30,601.

Awarding OrganizationAmount
Homefree Usa Inc

Landover, MD

PURPOSE: COUNSELING

$30,601
View Grant Recipient Profile

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