Consumer Credit Counseling Inc
- Assets
- $1.0m
- Revenue
- $1.0m
- Investments
- $3.2k
- Employees
- 15
- Location
- San Juan, PR
- Founding
- 07/1974
- Data as of
- 12/2021
- EIN
- 66-0471799
Organization Overview
Consumer Credit Counseling Inc is located in San Juan, PR. The organization was established in 1974. According to its NTEE Classification (F01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Consumer Credit Counseling Inc employed 15 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Consumer Credit Counseling 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 12/2021, Consumer Credit Counseling Inc generated $1.0m 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 (10.0%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) 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
FINANCIAL CONSULTING SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
BANKRUPTCY COUNSELING AS A RESULT OF THE AMENDMENTS TO THE BANKRUPTCY CODE,ANY PERSON WHO IS THE PROCESS OF FILING FORBANKRUPTCY OR ALREADY FILED BUT NOT RECEIVED A DISCHARGE FROM THE COURT MUST RECEIVE COUNSELING FROM AN AGENCY THAT HAS BEEN CERTIFIED BY THE US DEPARTMENT OF JUSTICE AS IS THE CASE WITH OUR AGENCY CLIENTS CONSULTED 1,080
CREDIT COUNSELING THE CREDIT COUNSELING PROGRAM IS THE CORNERSTONE FOR OUR AGENCY AS IT REPRESENTS THE REASON FOR OUR EXISTENCE. OUR EDUCATIONAL OFFICE OR ANY OTHER ASSIGNED OFFEICE VISITS SCHOOLS UNIVERSITIES EMPLOYERS CHURCHES OR OTHER ORGANIZATIONS WITH THE INTENTION TO PROVIDE ALTERNATIVES TO THEIR FINANCIAL SITUATION. CLIENTS CONSULTED 4391
HOUSING THE PROGRAM CONSISTS OF FIRST-TIME HOME BUYERS EDUCATION LOSS ITIGATION COUNSELING AND REVERSE MORTGAGE COUNSELING. AS A HUD CERTIFIED AGENCY WE ARE AUTHORIZED TO PROVIDE HOUSING COUNSELING ENCOMPASSING THESE THREE AREAS. CLIENTS CONSULTED 3835
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugenio Alonso President CEO | OfficerTrustee | 60 | $132,397 |
Ana Garcia Outreach Manager | Officer | 55 | $50,010 |
Alba Torres Operating Manager | 40 | $34,754 | |
Yesenia Otero Human Resources | Officer | 40 | $24,935 |
Rafael Llompart Chairman Bod | Trustee | 1 | $0 |
Pablo Perez Treasurer Bod | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $638,978 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $648,297 |
| Total Program Service Revenue | $157,284 |
| Investment income | $76,320 |
| 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 | $1,023,666 |
| 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. | $242,096 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $366,602 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,221 |
| Advertising and promotion | $34,158 |
| Office expenses | $6,434 |
| Information technology | $39,391 |
| Royalties | $0 |
| Occupancy | $55,181 |
| Travel | $22,612 |
| 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 | $17,012 |
| Insurance | $22,841 |
| All other expenses | $20,209 |
| Total functional expenses | $1,044,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,835 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $112,546 |
| Accounts receivable, net | $25,908 |
| 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 | $20,317 |
| Net Land, buildings, and equipment | $28,051 |
| Investments—publicly traded securities | $711,549 |
| Investments—other securities | $3,161 |
| Investments—program-related | $0 |
| Intangible assets | $5,122 |
| Other assets | $0 |
| Total assets | $1,006,489 |
| Accounts payable and accrued expenses | $29,234 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $179,134 |
| Net assets without donor restrictions | $827,355 |
| 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 | $1,006,489 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Consumer Credit Counseling Inc has recieved totaling $77,985.
| Awarding Organization | Amount |
|---|---|
National Foundation For Credit Counseling Inc Washington, DC PURPOSE: FINANCIAL EDUCATION SUPPORT | $77,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ponce Medical School Foundation Inc Ponce, PR | $11,600,859 | $25,661,618 |
Liga Puertorriquena Contra El Cancer San Juan, PR | $38,669,713 | $26,629,150 |
Universidad Central Del Caribe Inc Bayamon, PR | $35,289,249 | $27,377,681 |
Cooperativa De Ahorro Y Credito Oriental Humacao, PR | $433,041,205 | $23,460,952 |
Centros Sor Isolina Ferre Inc Ponce, PR | $22,315,489 | $16,849,878 |
Corp Serv Med Prim Y Prev De Hatillo Hatillo, PR | $36,236,018 | $21,541,946 |
Caribbean University Bayamon, PR | $48,412,485 | $17,932,008 |
Puerto Rico Legal Services Incorporated San Juan, PR | $18,895,657 | $19,069,485 |
Boys & Girls Clubs Of Puerto Rico Inc Carolina, PR | $20,563,847 | $15,690,113 |
Baldwin School Of Puerto Rico Inc Bayamon, PR | $21,469,124 | $15,474,261 |
Cooperative De Ahorro Y Credito De Barranquitas Barranquitas, PR | $321,931,771 | $17,940,942 |
Alianza Municipal De Servicios Caguas, PR | $4,966,942 | $12,673,262 |