Consumer Debt Counselors Inc

Organization Overview

Consumer Debt Counselors Inc is located in Winter Park, FL. The organization was established in 1999. 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 09/2021, Consumer Debt Counselors Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumer Debt 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 09/2021, Consumer Debt Counselors Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.4m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FINANCIAL CRISIS COUNSELING AND FINANCIAL LITERACY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AS AN ACCREDITED MEMBER OF THE NATIONAL FOUNDATION FOR CREDIT COUNSELING (NFCC), CONSUMER DEBT COUNSELORS PROVIDES FINANCIAL COUNSELING AND EDUCATION TO THOUSANDS OF CONSUMERS EACH YEAR IN PERSON, OVER THE PHONE OR ONLINE.DURING FY 2020, CONSUMER DEBT COUNSELORS PROVIDED COUNSELING TO 2,155 CLIENTS. THIS PROCESS INCLUDES WORKING WITH CLIENTS TO ASSESS THEIR FINANCIAL SITUATION, DEVELOP A BUDGET, SET FINANCIAL GOALS AND CREATE AN ACTION PLAN.SOME OF THESE CLIENTS WHO RECEIVE COUNSELING ADDITIONALLY CHOOSE TO ENROLL IN A DEBT MANAGEMENT PROGRAM (DMP), WHICH PROVIDES SYSTEMATIC REPAYMENT OF CERTAIN DEBTS. THERE WAS AN INCREASE IN INDIVIDUALS WHO ENROLLED IN THIS PROGRAM.ADDITIONALLY, SOME CLIENTS WHO RECEIVED COUNSELING ADDITIONALLY WORKED WITH CONSUMER DEBT COUNSELORS TO IDENTIFY AND IMPLEMENT THEIR QUALIFIED SOLUTIONS TO DEAL WITH THEIR STUDENT LOAN DEBT. DURING FY 2020, CONSUMER DEBT COUNSELORS PROVIDED CONSELING TO 28 OF THESE CLIENTS.FINALLY, MANY CLIENTS CALL WITH SIMPLE REQUESTS FOR INFORMATION OR TO OBTAIN REFERRALS TO OTHER QUALIFIED AGENCIES THAT CAN BETTER ASSIST THEM.


SINCE 2012, CONSUMER DEBT COUNSELORS HAS MET HUD'S STRICT REQUIREMENTS TO BE A HUD-CERTIFIED AGENCY IN THE STATE OF FLORIDA. OUR HOUSING COUNSELORS WORK WITH INDIVIDUALS AND FAMILIES TO ASSIST THEM WITH A VARIETY OF HOUSING CHALLENGES, FROM PRE-PURCHASE COUNSELING TO MORTGAGE MODIFICATION AND FORECLOSURE EDUCATION/ASSISTANCE.ANOTHER MAJOR HOUSING FOCUS IS FORECLOSURE PREVENTION COUNSELING. OUR COUNSELORS WORK WITH BOTH THE CLIENT AND THE MORTGAGE COMPANY TO HELP THE CLIENT REMAIN IN HIS OR HER HOME AND TO AVOID BOTH THE COST AND DAMAGE TO THEIR CREDIT RATING ASSOCIATED WITH FORECLOSURE.


CONSUMER DEBT COUNSELORS SEEKS TO BE A TRUSTED AND RESPECTED VOICE FOR CONSUMER FINANCIAL EDUCATION AND FINANCIAL PROBLEM RESOLUTION IN THE COMMUNITIES THAT WE SERVE. AS PART OF THIS, ANOTHER MAJOR FOCUS FOR THE AGENCY IS COMMUNITY OUTREACH.DURING FY 2020 CONSUMER DEBT COUNSELORS CONDUCTED WORKSHOPS FOR THE PUBLIC IN THE FOLLOWING AREAS:- FINANCIAL EDUCATION WORKSHOPS: 14- HOUSING WORKSHOPS: 18


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Board, Officers & Key Employees

Name (title)Compensation
George Janas CLU CHFC Ficf
President
$0
Jay Gewolb MD
Secretary/trustee
$0
James H Sullivan CPA Mas Csa Afc
Treasurer/trustee
$0
Shirley Q Range
Trustee
$0
Layne Hall
Trustee
$0
Remi Zecman Ficf Lutc
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $208,818
All other contributions, gifts, grants, and similar amounts not included above$97,054
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$305,872
Total Program Service Revenue$1,487,497
Investment income $0
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 $1,793,369

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Consumer Debt Counselors Inc has recieved totaling $218,027.

Awarding OrganizationAmount
Consumer Credit Counseling Service Of Maryland And Delaware Inc

Columbia, MD

PURPOSE: COMPREHENSIVE HOUSING

$125,985
National Foundation For Credit Counseling Inc

Washington, DC

PURPOSE: FINANCIAL EDUCATION SUPPORT

$92,042
View Grant Recipient Profile

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