Consumer Credit Counseling Service Of Maryland And Delaware Inc
- Assets
- $10.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 24
- Location
- Columbia, MD
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 52-0846275
Organization Overview
Consumer Credit Counseling Service Of Maryland And Delaware Inc, operating under the name Guidewell Financial Solutions, is located in Columbia, MD. The organization was established in 1995. 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, Guidewell Financial Solutions employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guidewell Financial Solutions 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, Guidewell Financial Solutions generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $2.3m 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.
Since 2015, Guidewell Financial Solutions has awarded 14 individual grants totaling $662,061. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP STABILIZE COMMUNITIES BY CREATING HOPE AND PROMOTING ECONOMIC SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSUMER CREDIT COUNSELING SERVICE OF MARYLAND AND DELAWARE, INC., (CCCSMD) IS A NON-PROFIT HOUSING AND CREDIT COUNSELING ORGANIZATION FOUNDED IN 1966 BY A GROUP OF LOCAL BUSINESS LEADERS WHO RECOGNIZED A COMMUNITY NEED FOR FINANCIAL EDUCATION AND COUNSELING. HISTORICALLY, THE CORNERSTONE OF OUR ORGANIZATION HAS BEEN CREDIT COUNSELING, DEBT MANAGEMENT, AND COMMUNITY EDUCATION. TODAY, CCCSMD PROVIDES A FULL RANGE OF SERVICES THAT ALSO INCLUDES STUDENT LOAN COUNSELING, CREDIT BUILDING/REBUILDING, AND HOUSING COUNSELING. OUR CERTIFIED COUNSELORS AND COACHES HELP CONSUMERS UNDERSTAND AND ALLEVIATE FINANCIAL AND HOUSING ISSUES AND GAIN FINANCIAL STABILITY. ANNUALLY WE REACH MORE THAN 11,000 CONSUMERS THROUGH COUNSELING, COMMUNITY WORKSHOPS AND OUTREACH EVENTS. CCCSMD IS A MEMBER OF THE NATIONAL FOUNDATION FOR CREDIT COUNSELING, ACCREDITED BY THE COUNCIL ON ACCREDITATION, AND IS A HUD-APPROVED NATIONAL INTERMEDIARY HOUSING COUNSELING AGENCY. ALTHOUGH A NATIONWIDE PROVIDER, WE HAVE A STRONG REGIONAL PRESENCE WITH BRANCH OFFICES IN MARYLAND (BALTIMORE AND COLUMBIA), FLORIDA, CALIFORNIA AND VIRGINIA. OUR MISSION IS "TO CREATE ECONOMIC STABILITY THROUGH FINANCIAL ADVOCACY AND COUNSELING."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helene Raynaud President, CEO | Officer | 40 | $244,960 |
Susan Fitz VP Counseling, Programs & Compliance | 40 | $107,643 | |
William E Mills III Vice Chair | OfficerTrustee | 0.5 | $0 |
Brian Taylor Chairman | OfficerTrustee | 0.5 | $0 |
Natalie A Trunow Treasurer | OfficerTrustee | 0.5 | $0 |
Laurie Benner Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,223,764 |
| All other contributions, gifts, grants, and similar amounts not included above | $525,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,749,599 |
| Total Program Service Revenue | $334,206 |
| Investment income | $380,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $407,203 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,872,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,563 |
| 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. | $269,765 |
| Compensation of current officers, directors, key employees. | $67,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $958,816 |
| Pension plan accruals and contributions | $20,979 |
| Other employee benefits | $34,853 |
| Payroll taxes | $91,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,181 |
| Fees for services: Accounting | $109,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,275 |
| Fees for services: Other | $36,438 |
| Advertising and promotion | $52,060 |
| Office expenses | $98,114 |
| Information technology | $104,161 |
| Royalties | $0 |
| Occupancy | $100,609 |
| Travel | $204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,343 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,159 |
| Insurance | $24,835 |
| All other expenses | $19,965 |
| Total functional expenses | $2,323,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,823 |
| Savings and temporary cash investments | $1,542,008 |
| Pledges and grants receivable | $9,768 |
| Accounts receivable, net | $546,725 |
| 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 | $25,103 |
| Net Land, buildings, and equipment | $18,739 |
| Investments—publicly traded securities | $7,844,863 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,168 |
| Total assets | $10,074,197 |
| Accounts payable and accrued expenses | $241,456 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,444 |
| 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 | $0 |
| Total liabilities | $244,900 |
| Net assets without donor restrictions | $9,829,297 |
| 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 | $10,074,197 |
Grants Awarded
Over the last fiscal year, Consumer Credit Counseling Service Of Maryland And Delaware Inc has awarded $193,351 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Winter Park, FL PURPOSE: COMPREHENSIVE HOUSING | $125,985 |
Washington, DC PURPOSE: RENTAL AND MORTGAGE DELINQUENCY RESOLUTION/PREVENTION | $34,680 |
Raleigh, NC PURPOSE: COMPREHENSIVE HOUSING | $18,097 |
West Seneca, NY PURPOSE: COMPREHENSIVE HOUSING | $14,589 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Consumer Credit Counseling Service Of Maryland And Delaware Inc has recieved totaling $342,444.
| Awarding Organization | Amount |
|---|---|
Consumer Credit Counseling Service Of San Francisco Concord, CA PURPOSE: HOUSING COUNSELING & EDUCATION | $297,750 |
National Foundation For Credit Counseling Inc Washington, DC PURPOSE: FINANCIAL EDUCATION SUPPORT | $44,694 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humentum Washington, DC | $3,896,322 | $9,731,950 |
National Foundation For Credit Counseling Inc Washington, DC | $8,192,491 | $8,760,104 |
Consumer Credit Counseling Service Of Delaware Valley Philadelphia, PA | $4,817,961 | $4,855,910 |
Motley Fool Foundation Alexandria, VA | $13,206,539 | $15,812,396 |
Consumer Credit Counseling Service Of Maryland And Delaware Inc Columbia, MD | $10,074,197 | $2,872,253 |
Advantage Credit Counseling Service Inc Pittsburgh, PA | $1,986,787 | $1,981,242 |
Maryland Capital Enterprises Inc Salisbury, MD | $12,872,521 | $4,572,736 |
Cash Campaign Of Maryland Inc Baltimore, MD | $1,565,207 | $2,174,273 |
Life Asset Inc Washington, DC | $6,492,765 | $2,953,313 |
Salt Financial Literacy International Hollidaysburg, PA | $86,865 | $697,593 |
Housing Options & Planning Enterprises Inc Oxon Hill, MD | $202,491 | $697,836 |
Credit Counseling Center Richboro, PA | $590,787 | $438,639 |