Civic Intelligence

American Debt Resources Inc.

990 • Fiscal year 2019 • EIN 11-3603198

Jan 01, 2019 to Dec 31, 2019 • Filed on May 22, 2020

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

67th percentile

0.05x

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

2019 filings • NTEE P • <$500k nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.02x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • NTEE P • <$500k nonprofits • Source year 2019

Net Margin

51st percentile

3.9%

Higher net margin than 51% of similar nonprofits.

2019 filings • NTEE P • <$500k nonprofits • Source year 2019

Top Officer Pay

99th percentile

$112,640

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 23.0% of source-year revenue.

2019 filings • NTEE P • <$500k nonprofits • Source year 2019

Asset Growth

59th percentile

8.6%

Faster asset growth than 59% of similar nonprofits.

2019 filings • NTEE P • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

50th percentile

2.3%

Faster revenue growth than 50% of similar nonprofits.

2019 filings • NTEE P • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$214,241

Up $17,009 (+8.6%) from 2018

Net Assets

Up

$204,396

Up $19,039 (+10%) from 2018

Liabilities

Down

$9,845

Down $2,030 (-17%) from 2018

Revenue

Up

$490,621

Up $10,858 (+2.3%) from 2018

Expenses

Up

$471,582

Up $9,564 (+2.1%) from 2018

Net Income

Up

$19,039

Up $1,294 (+7.3%) from 2018

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

2019

Assets$214,241
Liabilities$9,845
Net Assets$204,396

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

2019

Revenue$490,621
Expenses$471,582
Net Income$19,039
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 22, 2020
Return Version
2019v5.0
Gross Receipts
$490,621
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$185,357$204,396▲ $19,039
Cash and Non-Interest-Bearing Accounts$84,459$116,724▲ $32,265
Savings and Temporary Cash Investments$32,396$16,575▼ $15,821
Land, Buildings, and Equipment, Net$3,781$15,084▲ $11,303
Prepaid Expenses and Deferred Charges$1,265$3,479▲ $2,214
Accounts Receivable-$100-
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$197,232$214,241▲ $17,009
Other Assets Total$75,331$62,279▼ $13,052
Liabilities
Other Liabilities$11,875$9,845▼ $2,030
Total Liabilities$11,875$9,845▼ $2,030
Net Assets / Fund Balance
Total Net Assets Fund Balance$185,357$204,396▲ $19,039
Total Liabilities and Net Assets / Fund Balance$197,232$214,241▲ $17,009

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,759$29,292$31,051
Land$11,627-$11,627
Leasehold Improvements$1,400$6,012$7,412
Other Land Buildings$298$2,862$3,160
Other Assets Org$5,209--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christian MoriartyPresidentFT$112,640$112,640

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$364,184
Program Service Revenue
$126,325
Investment Income
$112
Other Revenue
$0
All Other Contributions
$30,711
Change in Net Assets
$19,039

Audited Revenue Reconciliation

Revenue per Audited Statements
$490,621
Total Revenue per Audited Statements
$490,621
Total Revenue per Form 990
$490,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$339,114
Other Expenses$132,468
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$166,334$6,668-$173,002
Current Officers, Directors, Trustees, and Key Employees-$112,640-$112,640
Other Employee Benefits-$30,240-$30,240
Fees for Services Other$21,309$4,833-$26,142
Payroll Taxes$14,105$9,127-$23,232
Occupancy-$19,303-$19,303
Fees for Services Accounting-$17,000-$17,000
Information Technology$8,100$3,772-$11,872
All Other Expenses$1,650$8,460-$10,110
Insurance-$7,984-$7,984
Office Expenses-$4,814-$4,814
Other Expenses-$3,829-$3,829
Travel-$2,786-$2,786
Depreciation Depletion-$1,423-$1,423
Advertising-$1,317-$1,317
Interest-$120-$120
Total Functional Expenses$211,498$260,084$0$471,582

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$471,582
Total Expenses per Audited Statements$471,582
Total Expenses per Form 990$471,582
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$5,209
Credit Card Payable$3,027
Payroll Taxes Payable$1,605
Rounding$4
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
2020-05-22
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
7

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/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0185357
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0204396
IRS990/SavingsAndTempCashInvstGrp/BOYAmt032396
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016575
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0490509
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0479618
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0567587
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0529054
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0454516
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02521284
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/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02521284
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0490509
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0479618
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0567587
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0529054
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0454516
IRS990ScheduleA/Total509Grp/TotalAmt02521284
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0490509
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0479618
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0567587
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0529054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0454516
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02521284
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01759
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029292
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031051
IRS990ScheduleD/ExpensesSubtotalAmt0471582
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt011627
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011627
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01400
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06012
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07412
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt053295
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13775
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25209
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0GRANTS RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TRUST ACCOUNT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0298
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02862
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11605
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35209
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TRUST ACCOUNT
IRS990ScheduleD/RevenueSubtotalAmt0490621
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015084
IRS990ScheduleD/TotalBookValueOtherAssetsAmt062279
IRS990ScheduleD/TotalExpensesPerForm990Amt0471582
IRS990ScheduleD/TotalLiabilityAmt09845
IRS990ScheduleD/TotalRevenuePerForm990Amt0490621
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0490621
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0471582
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0197232
IRS990/TotalAssetsEOYAmt0214241
IRS990/TotalAssetsGrp/BOYAmt0197232
IRS990/TotalAssetsGrp/EOYAmt0214241
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0364184
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0260084
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0211498
IRS990/TotalFunctionalExpensesGrp/TotalAmt0471582
IRS990/TotalGrossUBIAmt0112
IRS990/TotalLiabilitiesBOYAmt011875
IRS990/TotalLiabilitiesEOYAmt09845
IRS990/TotalLiabilitiesGrp/BOYAmt011875
IRS990/TotalLiabilitiesGrp/EOYAmt09845
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0185357
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0204396
IRS990/TotalProgramServiceExpensesAmt0211498
IRS990/TotalProgramServiceRevenueAmt0126325
IRS990/TotalReportableCompFromOrgAmt0112640
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0126325
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0490621
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0112
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0197232
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0214241
IRS990/TravelGrp/ManagementAndGeneralAmt02786
IRS990/TravelGrp/TotalAmt02786
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/WebsiteAddressTxt0WWW.AMERICANDEBTRESOURCES.COM

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
2019Detailed filing. Detailed filing data is available for this year.$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