Civic Intelligence

American Debt Resources Inc.

990 • Fiscal year 2015 • EIN 11-3603198

Jan 01, 2015 to Dec 31, 2015 • Filed on May 02, 2016

Organization ProfileAMERICANDEBTRESOURCES.COM
248C Larkfield RoadEast Northport, NY 11731

(631) 912-9542

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.75x

Higher debt load relative to assets than 88% of similar nonprofits.

2015 filings • NTEE P • <$500k nonprofits • Source year 2015

Liabilities / Revenue

90th percentile

0.44x

Higher debt load relative to revenue than 90% of similar nonprofits.

2015 filings • NTEE P • <$500k nonprofits • Source year 2015

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2015 filings • NTEE P • <$500k nonprofits • Source year 2015

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE P • <$500k nonprofits • Source year 2015

Asset Growth

86th percentile

74%

Faster asset growth than 86% of similar nonprofits.

2015 filings • NTEE P • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

26th percentile

-14%

Faster revenue growth than 26% of similar nonprofits.

2015 filings • NTEE P • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$270,766

Up $115,422 (+74%) from 2014

Net Assets

Down

$68,104

Down $48,932 (-42%) from 2014

Liabilities

Up

$202,662

Up $164,354 (+429%) from 2014

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin22nd percentile

Revenue

Down

$460,229

Down $73,682 (-14%) from 2014

Expenses

Down

$509,161

Down $44,361 (-8.0%) from 2014

Net Income

Down

-$48,932

Down $29,321 (-150%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $115,711Liabilities 2011: $24,887Net Assets 2011: $90,8242011Assets 2012: $165,805Liabilities 2012: $59,175Net Assets 2012: $106,6302012Assets 2013: $186,906Liabilities 2013: $50,259Net Assets 2013: $136,6472013Assets 2014: $155,344Liabilities 2014: $38,308Net Assets 2014: $117,0362014Assets 2015: $270,766Liabilities 2015: $202,662Net Assets 2015: $68,1042015Assets 2016: $219,788Liabilities 2016: $129,158Net Assets 2016: $90,6302016Assets 2017: $217,721Liabilities 2017: $50,109Net Assets 2017: $167,6122017Assets 2018: $197,232Liabilities 2018: $11,875Net Assets 2018: $185,3572018Assets 2019: $214,241Liabilities 2019: $9,845Net Assets 2019: $204,3962019Assets 2020: $227,236Liabilities 2020: $13,907Net Assets 2020: $213,3292020Assets 2021: $239,021Liabilities 2021: $10,066Net Assets 2021: $228,9552021Assets 2022: $256,624Liabilities 2022: $11,183Net Assets 2022: $245,4412022Assets 2023: $340,308Liabilities 2023: $12,743Net Assets 2023: $327,5652023Assets 2024: $437,520Liabilities 2024: $108,402Net Assets 2024: $329,1182024

Highlighted filing

2015

Assets$270,766
Liabilities$202,662
Net Assets$68,104
Open 2015 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $520,818Expenses 2011: $510,420Net Income 2011: $10,3982011Revenue 2012: $528,334Expenses 2012: $512,528Net Income 2012: $15,8062012Revenue 2013: $557,057Expenses 2013: $527,040Net Income 2013: $30,0172013Revenue 2014: $533,911Expenses 2014: $553,522Net Income 2014: -$19,6112014Revenue 2015: $460,229Expenses 2015: $509,161Net Income 2015: -$48,9322015Revenue 2016: $529,104Expenses 2016: $506,578Net Income 2016: $22,5262016Revenue 2017: $567,658Expenses 2017: $490,676Net Income 2017: $76,9822017Revenue 2018: $479,763Expenses 2018: $462,018Net Income 2018: $17,7452018Revenue 2019: $490,621Expenses 2019: $471,582Net Income 2019: $19,0392019Revenue 2020: $427,375Expenses 2020: $418,442Net Income 2020: $8,9332020Revenue 2021: $428,351Expenses 2021: $412,725Net Income 2021: $15,6262021Revenue 2022: $441,234Expenses 2022: $424,748Net Income 2022: $16,4862022Revenue 2023: $575,770Expenses 2023: $493,646Net Income 2023: $82,1242023Revenue 2024: $536,414Expenses 2024: $534,861Net Income 2024: $1,5532024

Highlighted filing

2015

Revenue$460,229
Expenses$509,161
Net Income-$48,932
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 2, 2016
Return Version
2015v2.1
Gross Receipts
$460,229
Mission and Program Overview

Mission

To assist individuals who are experiencing financial difficulties through professional credit and housing counseling services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$132,409$252,839▲ $120,430
Rtn Earn Endowment Incm Other Fnds$117,036$68,104▼ $48,932
Savings and Temporary Cash Investments$7,790$6,606▼ $1,184
Land, Buildings, and Equipment, Net$9,322$5,494▼ $3,828
Prepaid Expenses and Deferred Charges$2,905$2,909▲ $4
Total Assets$155,344$270,766▲ $115,422
Other Assets Total$2,918$2,918→ $0
Liabilities
Other Liabilities$18,752$193,146▲ $174,394
Accounts Payable and Accrued Expenses$19,556$9,516▼ $10,040
Total Liabilities$38,308$202,662▲ $164,354
Net Assets / Fund Balance
Total Net Assets Fund Balance$117,036$68,104▼ $48,932
Total Liabilities and Net Assets / Fund Balance$155,344$270,766▲ $115,422

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$-542$29,534$28,992
Leasehold Improvements$6,036$2,624$8,660
Other Assets Org$2,918--
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Christian MoriartyDirector
Lloyd AndersonDirector
Steven DunatDirector
William DelibertiDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$334,421
Program Service Revenue
$125,742
Investment Income
$66
Other Revenue
$0
All Other Contributions
$66,928
Change in Net Assets
$-48,932

Audited Revenue Reconciliation

Revenue per Audited Statements
$460,229
Total Revenue per Audited Statements
$460,229
Total Revenue per Form 990
$460,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$340,404
Other Expenses$168,757
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$191,782--$191,782
Current Officers, Directors, Trustees, and Key Employees$100,000--$100,000
All Other Expenses$36,802--$36,802
Occupancy$33,416--$33,416
Other Employee Benefits$32,437--$32,437
Fees for Services Other$23,084--$23,084
Information Technology$20,368--$20,368
Payroll Taxes$16,185--$16,185
Other Expenses$10,836--$10,836
Insurance$7,632--$7,632
Fees for Services Accounting$6,839--$6,839
Advertising$6,662--$6,662
Depreciation Depletion$4,139--$4,139
Conferences and Meetings$3,682--$3,682
Interest$1,233--$1,233
Travel$310--$310
Total Functional Expenses$509,161$0$0$509,161

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$509,161
Total Expenses per Audited Statements$509,161
Total Expenses per Form 990$509,161
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Grants$177,163
Payroll Taxes Payable$9,377
Deposits Held in Escrow$6,606
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The governing body reviews all tax returns prior to filing.”

CEO executive director top management comp Part VI line 15A

“Compensation is review for all top level directors on an annual basis.”

Other officer or key employee compensation Part VI line 15B

“Annual compensation is reviewed by reviewing similar management positions salaries.”

Governing documents etc available to public Part VI line 19

“No documents are available for the general public unless requested.”

Filing and Contact Details

Filer

Filer Name
American Debt Resources Inc
EIN
11-3603198
Address
248C LARKFIELD ROAD, EAST NORTHPORT, NY 11731

Signing Officer

Name
Christian Moriarty
Title
Director
Phone
6319129542
Signed
2016-05-02
Discuss with paid preparer
No

Organization Details

Principal Officer
Christian Moriarty
Formed
2002
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
3
Employees
7

Preparer

Firm
Friedman & Friedman CPAs PC
Address
PO Box 559, Seneca Falls, NY 13148
Preparer
Wendy Friedman Kolsin
Phone
6313854300
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Fees for services total $23184disbursement service $5226professional services $2599registered agent services $320filing fees licenses and permits $14939”

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IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-542
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029534
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028992
IRS990ScheduleD/ExpensesSubtotalAmt0509161
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06036
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02624
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08660
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02918
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06606
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19377
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2177163
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS HELD IN ESCROW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNEARNED GRANTS
IRS990ScheduleD/RevenueSubtotalAmt0460229
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05494
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02918
IRS990ScheduleD/TotalExpensesPerForm990Amt0509161
IRS990ScheduleD/TotalLiabilityAmt0193146
IRS990ScheduleD/TotalRevenuePerForm990Amt0460229
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0460229
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0509161
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY REVIEWS ALL TAX RETURNS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION IS REVIEW FOR ALL TOP LEVEL DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL COMPENSATION IS REVIEWED BY REVIEWING SIMILAR MANAGEMENT POSITIONS SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS ARE AVAILABLE FOR THE GENERAL PUBLIC UNLESS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FEES FOR SERVICES TOTAL $23184DISBURSEMENT SERVICE $5226PROFESSIONAL SERVICES $2599REGISTERED AGENT SERVICES $320FILING FEES LICENSES AND PERMITS $14939
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/StatesWhereCopyOfReturnIsFldCd2IL
IRS990/StatesWhereCopyOfReturnIsFldCd3TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0155344
IRS990/TotalAssetsEOYAmt0270766
IRS990/TotalAssetsGrp/BOYAmt0155344
IRS990/TotalAssetsGrp/EOYAmt0270766
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0334421
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0509161
IRS990/TotalFunctionalExpensesGrp/TotalAmt0509161
IRS990/TotalGrossUBIAmt066
IRS990/TotalLiabilitiesBOYAmt038308
IRS990/TotalLiabilitiesEOYAmt0202662
IRS990/TotalLiabilitiesGrp/BOYAmt038308
IRS990/TotalLiabilitiesGrp/EOYAmt0202662
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0117036
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt068104
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0509161
IRS990/TotalProgramServiceRevenueAmt0125742
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0125742
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0460229
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt066
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0155344
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0270766
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt0310
IRS990/TravelGrp/TotalAmt0310
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05 NORMANDY DRIVE
IRS990/USAddress/CityNm0NORTHPORT
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011768
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0AMERICANDEBTRESOURCES.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTIAN MORIARTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06319129542
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN DEBT RESOURCES INC
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0113603198
ReturnHeader/Filer/USAddress/AddressLine1Txt0248C LARKFIELD ROAD
ReturnHeader/Filer/USAddress/CityNm0EAST NORTHPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011731
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0300074865
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Friedman & Friedman CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 559
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Seneca Falls
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd013148
ReturnHeader/PreparerPersonGrp/PhoneNum06313854300
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WENDY FRIEDMAN KOLSIN
ReturnHeader/ReturnTs02016-05-09T12:57:08-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$270,766
Liabilities
$202,662
Net assets
$68,104
Revenue
$460,229
Expenses
$509,161
Net income
-$48,932
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.38$1.08$3.29$5.36$5.35$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.40$0.13$3.28$5.76$4.94$0.82
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$0.11$2.45$4.41$4.25$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.39$0.10$2.29$4.28$4.13$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$0.14$2.13$4.27$4.18$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$0.10$2.04$4.91$4.72$0.19
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.12$1.85$4.80$4.62$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.50$1.68$5.68$4.91$0.77
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.20$1.29$0.91$5.29$5.07$0.23
2015Detailed filing. Detailed filing data is available for this year.$2.71$2.03$0.68$4.60$5.09$0.49
2014Summary only. Only limited summary data is available for this year.$1.55$0.38$1.17$5.34$5.54$0.20
2013Summary only. Only limited summary data is available for this year.$1.87$0.50$1.37$5.57$5.27$0.30
2012Summary only. Only limited summary data is available for this year.$1.66$0.59$1.07$5.28$5.13$0.16
2011Summary only. Only limited summary data is available for this year.$1.16$0.25$0.91$5.21$5.10$0.10