Civic Intelligence

American Debt Resources Inc.

990 • Fiscal year 2018 • EIN 11-3603198

Jan 01, 2018 to Dec 31, 2018 • Filed on May 15, 2019

384 Larkfield RoadEast Northport, NY 11731

(631) 651-2634

Siviq Scores

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

Liabilities / Assets

68th percentile

0.06x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Net Margin

49th percentile

3.7%

Higher net margin than 49% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Top Officer Pay

99th percentile

$115,364

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 24.0% of source-year revenue.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Asset Growth

28th percentile

-9.4%

Faster asset growth than 28% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

-15%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$197,232

Down $20,489 (-9.4%) from 2017

Net Assets

Up

$185,357

Up $17,745 (+11%) from 2017

Liabilities

Down

$11,875

Down $38,234 (-76%) from 2017

Revenue

Down

$479,763

Down $87,895 (-15%) from 2017

Expenses

Down

$462,018

Down $28,658 (-5.8%) from 2017

Net Income

Down

$17,745

Down $59,237 (-77%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$197,232
Liabilities$11,875
Net Assets$185,357

Operations Trend

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

2018

Revenue$479,763
Expenses$462,018
Net Income$17,745
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$479,763
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$167,612$185,357▲ $17,745
Cash and Non-Interest-Bearing Accounts$120,164$84,459▼ $35,705
Savings and Temporary Cash Investments$32,293$32,396▲ $103
Land, Buildings, and Equipment, Net$3,621$3,781▲ $160
Prepaid Expenses and Deferred Charges$1,338$1,265▼ $73
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$217,724$197,232▼ $20,492
Other Assets Total$60,308$75,331▲ $15,023
Liabilities
Other Liabilities$41,415$11,875▼ $29,540
Accounts Payable and Accrued Expenses$8,697--
Total Liabilities$50,112$11,875▼ $38,237
Net Assets / Fund Balance
Total Net Assets Fund Balance$167,612$185,357▲ $17,745
Total Liabilities and Net Assets / Fund Balance$217,724$197,232▼ $20,492

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,569$28,383$29,952
Leasehold Improvements$1,750$5,662$7,412
Other Land Buildings$462$2,698$3,160
Other Assets Org$8,831--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christian MoriartyPresidentFT$115,364$115,364

Board Members and Trustees

NameTitle
William DelibertiVice President
Lloyd AndersonBoard Member
Stephen DunatSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$348,855
Program Service Revenue
$130,805
Investment Income
$103
Other Revenue
$0
All Other Contributions
$55,341
Change in Net Assets
$17,745

Audited Revenue Reconciliation

Revenue per Audited Statements
$479,763
Total Revenue per Audited Statements
$479,763
Total Revenue per Form 990
$479,763
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$339,761
Other Expenses$122,257
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$165,664$12,888-$178,552
Current Officers, Directors, Trustees, and Key Employees-$115,364-$115,364
Fees for Services Other$17,704$6,127-$23,831
Payroll Taxes$14,551$8,917-$23,468
Other Employee Benefits-$22,377-$22,377
Occupancy-$17,547-$17,547
All Other Expenses$706$12,858-$13,564
Information Technology$8,100$3,473-$11,573
Insurance$1,850$6,364-$8,214
Fees for Services Accounting-$5,294-$5,294
Other Expenses-$5,032-$5,032
Office Expenses-$4,865-$4,865
Travel-$3,179-$3,179
Depreciation Depletion-$1,088-$1,088
Advertising-$943-$943
Interest-$183-$183
Total Functional Expenses$208,575$253,443$0$462,018

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$462,018
Total Expenses per Audited Statements$462,018
Total Expenses per Form 990$462,018
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Trust Account$8,831
Payroll Taxes Payable$2,056
Credit Card Payable$988
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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, Part VI, Line 11B: Form 990 Review Process

The governing body reviews all tax returns prior to filing.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation is reviewed for all top level directors on an annual basis.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Annual compensation is reviewed by reviewing similar management positions salaries.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents are available for the general public unless requested.

Filing and Contact Details

Filer

Filer Name
American Debt Resources Inc
EIN
11-3603198
Phone
6316512634
Address
384 LARKFIELD ROAD, EAST NORTHPORT, NY 11731

Signing Officer

Name
Christian Moriarty
Title
President
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christian Moriarty
Formed
2001
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
3
Employees
9

Preparer

Firm
Aboulafia & June CPAs PC
Address
317 Middle Country Rd Ste 3, SMITHTOWN, NY 11787
Preparer
Diane F June
Phone
6317241020
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0167612
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0185357
IRS990/SavingsAndTempCashInvstGrp/BOYAmt032293
IRS990/SavingsAndTempCashInvstGrp/EOYAmt032396
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0479618
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0567587
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0529054
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0454516
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0533911
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02564686
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02564686
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0479618
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0567587
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0529054
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0454516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0533911
IRS990ScheduleA/Total509Grp/TotalAmt02564686
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0479618
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0567587
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0529054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0454516
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0533911
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02564686
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01569
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028383
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029952
IRS990ScheduleD/ExpensesSubtotalAmt0462018
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01750
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05662
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07412
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt063075
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13425
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt28831
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0GRANTS RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TRUST ACCOUNT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0462
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02698
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0988
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt28831
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TRUST ACCOUNT
IRS990ScheduleD/RevenueSubtotalAmt0479763
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03781
IRS990ScheduleD/TotalBookValueOtherAssetsAmt075331
IRS990ScheduleD/TotalExpensesPerForm990Amt0462018
IRS990ScheduleD/TotalLiabilityAmt011875
IRS990ScheduleD/TotalRevenuePerForm990Amt0479763
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0479763
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0462018
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY REVIEWS ALL TAX RETURNS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION IS REVIEWED 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/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0217724
IRS990/TotalAssetsEOYAmt0197232
IRS990/TotalAssetsGrp/BOYAmt0217724
IRS990/TotalAssetsGrp/EOYAmt0197232
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0348855
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0253443
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0208575
IRS990/TotalFunctionalExpensesGrp/TotalAmt0462018
IRS990/TotalGrossUBIAmt0103
IRS990/TotalLiabilitiesBOYAmt050112
IRS990/TotalLiabilitiesEOYAmt011875
IRS990/TotalLiabilitiesGrp/BOYAmt050112
IRS990/TotalLiabilitiesGrp/EOYAmt011875
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0167612
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0185357
IRS990/TotalProgramServiceExpensesAmt0208575
IRS990/TotalProgramServiceRevenueAmt0130805
IRS990/TotalReportableCompFromOrgAmt0115364
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0130805
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0479763
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0103
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0217724
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0197232
IRS990/TravelGrp/ManagementAndGeneralAmt03179
IRS990/TravelGrp/TotalAmt03179
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05 NORMANDY DRIVE

Document Assets

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Filings

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
2018Detailed filing. Detailed filing data is available for this year.$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