Springboard Non-Profit Consumer Credit Management Inc

Organization Overview

Springboard Non-Profit Consumer Credit Management Inc, operating under the name creditorg, is located in Riverside, CA. The organization was established in 2001. 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, creditorg employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. creditorg 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, creditorg generated $6.0m 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 (19.7%) each year. All expenses for the organization totaled $8.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 7 years. 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

TO PROVIDE CREDIT EDUCATION, PROMOTE FINANCIAL LITERACY, PROVIDE HOUSING AND COUNSELING SERVICES, RELIEVE THE BURDENS OF GOVERNMENT AND ASSIST INDIVIDUALS IN FINANCIAL DIFFICULTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REVERSE MORTGAGE COUNSELING: REVERSE MORTGAGE OFFERS CLIENTS GUIDANCE AS TO WHETHER A REVERSE MORTGAGE LOAN OPTION IS RIGHT FOR THEM AND, IF SO, HOW TO QUALIFY. IN 2020, OVER 3,400 SESSIONS WERE CONDUCTED.


CREDIT AND DEBT COUNSELING: CREDIT.ORG PROVIDES FINANCIAL COACHINGIN THE AREAS OF MONEY MANAGEMENT AND BUDGETING FOR THOSE WITHCREDIT CARD AND OTHER UNSECURED DEBT. ONE POSSIBLE RESULT OF SUCHCOACHING IS ENROLLMENT IN A DEBT MANAGEMENT PROGRAM WHICH IS AMONITORED OR STRUCTURED REPAYMENT PLAN FOR WHICH NOMINAL FEES ARECHARGED.


HOUSING COUNSELING AND EDUCATION: CREDIT.ORG PROVIDES EDUCATION TO FIRST TIMEHOMEBUYERS AND THOSE HOMEOWNERS SEEKING TO AVOID FORECLOSURE.THESE SERVICES ARE MOSTLY PROVIDED AT NO COST AND ARE FUNDED BYFEDERAL GRANTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBANDEVELOPMENT AS WELL AS OTHER PUBLIC AND PRIVATE SOURCES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
G&m Hire Enterprises Llc
Temporary Staffing Agency
$312,540
Springboard Social Enterprises
Management Consulting
$2,918,580
Speridian Technologies
Software Provider
$229,032
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,914,590
All other contributions, gifts, grants, and similar amounts not included above$542,671
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,457,261
Total Program Service Revenue$2,708,790
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 $5,993,379

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Springboard Non-Profit Consumer Credit Management Inc has recieved totaling $1,583,996.

Awarding OrganizationAmount
Consumer Credit Counseling Service Of San Francisco

Concord, CA

PURPOSE: HOUSING COUNSELING & EDUCATION

$1,425,000
National Foundation For Credit Counseling Inc

Washington, DC

PURPOSE: FINANCIAL EDUCATION SUPPORT

$131,496
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$27,500
View Grant Recipient Profile

Create an account to unlock the data you need.

or