National Debt Management Inc
- Assets
- $65.5k
- Revenue
- $932.1k
- Investments
- $0.0
- Employees
- 21
- Location
- Southfield, MI
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 20-5092854
Organization Overview
National Debt Management Inc is located in Southfield, MI. The organization was established in 2007. 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, National Debt Management Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Debt Management 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, National Debt Management Inc generated $932.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $928.7k during the year ending 12/2021. While expenses have increased by 57.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING FINANCIAL LITERACY AND EDUCATION TO IMMIGRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FINANCIAL LITERACY AND EDUCATION TO IMMIGRANTS.
PROVIDING FINANCIAL LITERACY AND EDUCATION TO IMMIGRANTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Georges President | Officer | 40 | $29,250 |
Madison Tenaglia Director | OfficerTrustee | $0 | |
Cynthia Villaume Director | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,243 |
| Total Program Service Revenue | $861,859 |
| 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 | $932,102 |
| 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. | $29,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $448,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,496 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,500 |
| Fees for services: Accounting | $4,692 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,871 |
| Fees for services: Other | $2,229 |
| Advertising and promotion | $109,545 |
| Office expenses | $31,295 |
| Information technology | $10,489 |
| Royalties | $0 |
| Occupancy | $6,557 |
| Travel | $3,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $914 |
| Conferences, conventions, and meetings | $863 |
| Interest | $793 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,786 |
| Insurance | $1,455 |
| All other expenses | $13,068 |
| Total functional expenses | $928,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,767 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $12,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,495 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,841 |
| Total liabilities | $44,841 |
| Net assets without donor restrictions | $0 |
| 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 | $20,654 |
| Total liabilities and net assets/fund balances | $65,495 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenpath Inc Farmington Hills, MI | $64,402,300 | $48,847,735 |
Homeownership Preservation Foundation Farmington Hills, MI | $9,859,367 | $7,508,104 |
Trinity Credit Counseling Inc Cincinnati, OH | $7,906,378 | $6,728,875 |
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 |
Chn Housing Capital Cleveland, OH | $8,811,020 | $2,597,719 |
Securefutures Foundation Inc Milwaukee, WI | $1,756,343 | $1,837,399 |
Homeownership Center Of Greater Dayton Inc Dayton, OH | $721,425 | $1,226,035 |
National Debt Management Inc Southfield, MI | $65,495 | $932,102 |
Advocacy Programs Of Family Service Association Of Sheboygan Inc Sheboygan, WI | $1,760,753 | $891,187 |