Civic Intelligence

American Debt Resources Inc.

990 • Fiscal year 2016 • EIN 11-3603198

Jan 01, 2016 to Dec 31, 2016 • Filed on May 22, 2017

Organization ProfileAMERICANDEBTRESOURCES.COM
384 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

82nd percentile

0.59x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

77th percentile

0.24x

Higher debt load relative to revenue than 77% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Net Margin

61st percentile

4.3%

Higher net margin than 61% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Asset Growth

14th percentile

-19%

Faster asset growth than 14% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

66th percentile

15%

Faster revenue growth than 66% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$219,788

Down $50,978 (-19%) from 2015

Net Assets

Up

$90,630

Up $22,526 (+33%) from 2015

Liabilities

Down

$129,158

Down $73,504 (-36%) from 2015

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin61st percentile

Revenue

Up

$529,104

Up $68,875 (+15%) from 2015

Expenses

Down

$506,578

Down $2,583 (-0.5%) from 2015

Net Income

Up

$22,526

Up $71,458 (+146%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2016

Assets$219,788
Liabilities$129,158
Net Assets$90,630
Open 2016 Filing

Operations Trend

Revenue Growth66th 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

2016

Revenue$529,104
Expenses$506,578
Net Income$22,526
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 22, 2017
Return Version
2016v3.0
Gross Receipts
$529,104
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
Rtn Earn Endowment Incm Other Fnds$68,104$90,630▲ $22,526
Cash and Non-Interest-Bearing Accounts$252,839$47,731▼ $205,108
Savings and Temporary Cash Investments$6,606$35,956▲ $29,350
Land, Buildings, and Equipment, Net$5,494$3,823▼ $1,671
Prepaid Expenses and Deferred Charges$2,909$3,750▲ $841
Receivables From Officers Etc-$-3,000-
Total Assets$270,766$219,788▼ $50,978
Other Assets Total$2,918$131,528▲ $128,610
Liabilities
Other Liabilities$193,146$113,152▼ $79,994
Accounts Payable and Accrued Expenses$9,516$16,006▲ $6,490
Total Liabilities$202,662$129,158▼ $73,504
Net Assets / Fund Balance
Total Net Assets Fund Balance$68,104$90,630▲ $22,526
Total Liabilities and Net Assets / Fund Balance$270,766$219,788▼ $50,978

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$-1,512$30,889$29,377
Leasehold Improvements$5,335$3,325$8,660
Other Assets Org$128,778--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$385,106
Program Service Revenue
$143,948
Investment Income
$50
Other Revenue
$0
All Other Contributions
$32,110
Change in Net Assets
$22,526

Audited Revenue Reconciliation

Revenue per Audited Statements
$529,104
Total Revenue per Audited Statements
$529,104
Total Revenue per Form 990
$529,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$333,164
Other Expenses$173,414
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$168,879--$168,879
Current Officers, Directors, Trustees, and Key Employees$105,520--$105,520
Other Employee Benefits$36,875--$36,875
Occupancy$36,204--$36,204
All Other Expenses$26,419--$26,419
Advertising$22,420--$22,420
Payroll Taxes$21,890--$21,890
Fees for Services Other$20,541--$20,541
Information Technology$17,970--$17,970
Other Expenses$13,125--$13,125
Fees for Services Accounting$9,665--$9,665
Insurance$8,917--$8,917
Travel$3,346--$3,346
Depreciation Depletion$2,056--$2,056
Fees for Services Legal$2,000--$2,000
Interest$175--$175
Total Functional Expenses$506,578$0$0$506,578

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$506,578
Total Expenses per Audited Statements$506,578
Total Expenses per Form 990$506,578
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$-3,000-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Grants$60,562
Deposits Held in Escrow$35,956
Payroll Taxes Payable$16,634
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
384 LARKFIELD ROAD, EAST NORTHPORT, NY 11731

Signing Officer

Name
Christian Moriarty
Title
Director
Phone
6319129542
Signed
2017-05-22
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
9

Preparer

Firm
Friedman & Friedman Cpas Pc
Address
3950 RILEYS RUN, Canandaigua, NY 14424
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 $disbursement service $5205professional services $registered agent services $375filing fees licenses and permits $14151”

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0454516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0533911
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0556988
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0528334
IRS990ScheduleA/Total509Grp/TotalAmt02602803
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0529104
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0454516
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0533911
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0556988
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0528334
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02602853
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/DirectContactLegislatorsInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesInd0false
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-1512
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030889
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029377
IRS990ScheduleD/ExpensesSubtotalAmt0506578
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05335
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03325
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08660
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02750
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1128778
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1GRANT RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt035956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116634
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt260562
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS HELD IN ESCROW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNEARNED GRANTS
IRS990ScheduleD/RevenueSubtotalAmt0529104
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03823
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0131528
IRS990ScheduleD/TotalExpensesPerForm990Amt0506578
IRS990ScheduleD/TotalLiabilityAmt0113152
IRS990ScheduleD/TotalRevenuePerForm990Amt0529104
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0529104
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0506578
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0-3000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SHORT TERM CASH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0-3000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0CHRISTIAN MORIARTY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt0-3000
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 $DISBURSEMENT SERVICE $5205PROFESSIONAL SERVICES $REGISTERED AGENT SERVICES $375FILING FEES LICENSES AND PERMITS $14151
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/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1IL
IRS990/StatesWhereCopyOfReturnIsFldCd2NY
IRS990/StatesWhereCopyOfReturnIsFldCd3TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0270766
IRS990/TotalAssetsEOYAmt0219788
IRS990/TotalAssetsGrp/BOYAmt0270766
IRS990/TotalAssetsGrp/EOYAmt0219788
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0385106
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0506578
IRS990/TotalFunctionalExpensesGrp/TotalAmt0506578
IRS990/TotalGrossUBIAmt050
IRS990/TotalLiabilitiesBOYAmt0202662
IRS990/TotalLiabilitiesEOYAmt0129158
IRS990/TotalLiabilitiesGrp/BOYAmt0202662
IRS990/TotalLiabilitiesGrp/EOYAmt0129158
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt068104
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt090630
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0506578
IRS990/TotalProgramServiceRevenueAmt0143948
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0143948
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0529104
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0270766
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0219788
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt03346
IRS990/TravelGrp/TotalAmt03346
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTIAN MORIARTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06319129542
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN DEBT RESOURCES INC
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0113603198
ReturnHeader/Filer/USAddress/AddressLine1Txt0384 LARKFIELD ROAD
ReturnHeader/Filer/USAddress/CityNm0EAST NORTHPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011731

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$219,788
Liabilities
$129,158
Net assets
$90,630
Revenue
$529,104
Expenses
$506,578
Net income
$22,526
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
2016Detailed filing. Detailed filing data is available for this year.$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