Garden State Consumer Credit Counseling Inc
- Assets
- $15.4m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 200
- Location
- Manalapan, NJ
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 22-3120920
Organization Overview
Garden State Consumer Credit Counseling Inc is located in Manalapan, NJ. The organization was established in 1992. 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, Garden State Consumer Credit Counseling Inc employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garden State 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, Garden State Consumer Credit Counseling Inc generated $14.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $12.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING COUNSELING; CREDIT COUNSELING; BANKRUPTCY COUNSELING; HEALTH AND WELLNESS COUNSELING; EDUCATION AND OTHER OUTREACH PROGRAMS. A DEBT MANAGEMENT PLAN FOR INDIVIDUALS WHO NEED ADDITIONAL ASSISTANCE WITH UNSECURED DEBT AND WILL BENEFIT FROM THIS ACTIVITY.
Describe the Organization's Program Activity:
DEBT MANAGEMENT PROGRAMWE ADMINISTER A DEBT MANAGEMENT PROGRAM (DMP) FOR THOSE INDIVIDUALS WHO REQUIRE ASSISTANCE IN MANAGING THEIR FINANCES AND UNSECURED DEBT. WE DESIGN AND IMPLEMENT A REPAYMENT PLAN, COMMUNICATE WITH CREDITORS, AND RECEIPT AND DISBURSE FUNDS TO CREDITORS ON BEHALF OF DMP CLIENTS.
BUDGET COUNSELING & EDUCATIONA COMPLETE BUDGET ANALYSIS IS PREPARED FOR CONSUMERS EXPERIENCING BUDGET, CREDIT OR DEBT RELATED CONCERNS. ONE ON ONE COUNSELING ASSESSES THE CONSUMER'S MONTHLY FINANCIAL PROFILE AND FACILITATES GUIDANCE TO RESOURCES. OUR COUNSELING MODEL INCLUDES A THOROUGH BUDGET ANALYSIS AND THE DEVELOPMENT OF AN ACTION PLAN SUPPORTED BY RESOURCES, RECOMMENDATIONS, AND EDUCATION MATERIAL.DURING THE PERIOD, WE PROVIDED OVER 15,000 COUNSELING SESSIONS WHEREBY A BUDGET ANALYSIS, RESOURCES, INFORMATION, AND GUIDANCE WERE AFFORDED. IN ADDITION, AN AVERAGE OF OVER 8,900 TYPES OF EDUCATION MATERIAL WERE DELIVERED PER MONTH, EXCLUDING MATERIAL DISTRIBUTED AS PART OF OUR COMMUNITY OUTREACH WORK AND VIA OUR WEBSITE.
HOUSING COUNSELINGOUR HOUSING COUNSELING SERVICES INCLUDE PRE-PURCHASE, RENTAL, DEFAULT/FORECLOSURE PREVENTION, HOME EQUITY CONVERSION MORTGAGE COUNSELING AND HECM DEFAULT COUNSELING. A CERTIFIED HOUSING COUNSELOR MAY ALSO ASSIST HOMEOWNERS WITH NEGOTIATING A REPAYMENT PLAN, SECURING A LOAN MODIFICATION OR OTHER POSSIBLE SOLUTIONS THAT WILL ALLOW THE HOMEOWNER TO RETAIN HOMEOWNERSHIP. MORTGAGE READINESS: NAVICORE SOLUTIONS DISCUSSES MONEY MANAGEMENT AND PREPARING FOR HOMEOWNERSHIP. TOPICS INCLUDE MORTGAGE BASICS, FINDING THE RIGHT HOME, DOWN PAYMENT ASSISTANCE PROGRAMS AND COMMUNITY RESOURCES.RENTAL COUNSELING: AS A RESULT OF COVID, MANY RENTERS ARE LEFT FACING EVICTION NOW THAT MORATORIUMS ARE ENDING. IN AN EFFORT TO DEVELOP REPAYMENT OPTIONS FOR RENTERS AND ASSIST WITH LINKING TO STATE/COUNTY RENTAL ASSISTANCE PROGRAMS, NAVICORE HAS PARTNERED WITH OTHER NATIONAL NON-PROFIT GROUPS TO IMPLEMENT A PILOT FOR LANDLORDS AND RENTERS IN AN EFFORT TO ESTABLISH RENT ARREARAGE REPAYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Feldman President | Officer | 70 | $295,451 |
Todd Suler Treasurer | Officer | 60 | $220,515 |
Diane Gray Chief Prog Offi | Officer | 70 | $186,065 |
Joel Greenberg Executive Dir. | OfficerTrustee | 40 | $182,124 |
Kelly Zambrano Corp. Secretary | Officer | 60 | $145,906 |
Isis Malagrino Dir.of Customer Se | 50 | $139,994 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,920,441 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,724,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,644,866 |
| Total Program Service Revenue | $8,861,536 |
| Investment income | $79 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $196,174 |
| 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 | $14,807,314 |
| 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. | $1,114,599 |
| Compensation of current officers, directors, key employees. | $908,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,070,919 |
| Pension plan accruals and contributions | $146,331 |
| Other employee benefits | $1,253,128 |
| Payroll taxes | $596,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,154 |
| Fees for services: Accounting | $66,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $654,082 |
| Advertising and promotion | $126,032 |
| Office expenses | $793,864 |
| Information technology | $83,621 |
| Royalties | $0 |
| Occupancy | $549,296 |
| Travel | $14,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,590 |
| Interest | $195,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $307,039 |
| Insurance | $257,599 |
| All other expenses | $61,226 |
| Total functional expenses | $12,553,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,643,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $891,433 |
| Accounts receivable, net | $192,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,310 |
| Prepaid expenses and deferred charges | $103,790 |
| Net Land, buildings, and equipment | $9,283,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,785 |
| Other assets | $1,231,838 |
| Total assets | $15,368,790 |
| Accounts payable and accrued expenses | $949,150 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,288,744 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,278,243 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,170,315 |
| Total liabilities | $10,686,452 |
| Net assets without donor restrictions | $4,682,338 |
| 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 | $15,368,790 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Garden State Consumer Credit Counseling Inc has recieved totaling $104,655.
| Awarding Organization | Amount |
|---|---|
National Foundation For Credit Counseling Inc Washington, DC PURPOSE: FINANCIAL EDUCATION SUPPORT | $104,650 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Garden State Consumer Credit Counseling Inc Manalapan, NJ | $15,368,790 | $14,807,314 |
Consumer Credit Counseling Service Of Delaware Valley Philadelphia, PA | $4,817,961 | $4,855,910 |
Hebrew Free Loan Society Inc New York, NY | $39,139,675 | $5,814,730 |
Consumer Credit And Budget Counseling Inc Marmora, NJ | $1,261,705 | $3,720,720 |
Consumers Credit Counseling Service Of Rochester Inc Rochester, NY | $7,908,723 | $3,468,563 |
Start Small Think Big Inc New York, NY | $5,478,531 | $5,454,234 |
Money Management New York, NY | $8,835,712 | $4,309,180 |
Advantage Credit Counseling Service Inc Pittsburgh, PA | $1,986,787 | $1,981,242 |
Intl Federation Of Red Cross And Red Crescent Soc At The U N Inc New York, NY | $144,561 | $1,804,361 |
Parachute Credit Counseling Inc West Seneca, NY | $1,575,678 | $1,698,417 |
Dfree Global Foundation Inc Somerset, NJ | $276,547 | $1,210,274 |
Safeguard Credit Counseling Services Inc Northport, NY | $4,600,765 | $1,433,533 |