Garden State Consumer Credit Counseling Inc.

“The form 990 is completed by the company's certified public accountant topel & silver, cpa's, pa. The cfo will provide them the necessary support to complete the form 990. The accountants will also use financial information obtained during their year-end financial audit. Once completed, a draft copy will be sent to the audit committee members, via e-mail, for their review. Approximately, one week will be allotted for this review. Thereafter, a conference call will commence to address any concerns regarding the filing. The public accountant may be on the call, if necessary. If any changes are required they will be made and the form will then be filed with the internal revenue service. The conference call will be documented in the minutes of the audit committee along with any related comments. The full board will be provided with a copy of the form 990 prior to filing.”

“On october 3, 2008 a formal conflict of interest policy was adopted by the board. This policy will be enforced on an annual basis and will require each trustee to disclose any interests that could give rise to a conflict. Also, as part of the company's internal control process, the trustees signed a document that indicates no conflict of interest exists.”

“THE COMPENSATION OF THE COMPANY'S OFFICERS IS PERFORMED BY THE COMPENSATION COMMITTEE OF THE BOARD. THE MEMBERS OF THE COMMITTEE ARE INDEPENDENT AND WILL USE THIRD PARTIES AS WELL AS OTHER FILED FORM 990's TO EVALUATE REASONABLENESS OF OFFICER COMPENSATION. IF A THIRD PARTY IS USED THEY ARE PROVIDED WITH A DETAILED JOB DESCRIPTION IN ORDER TO BEST PRICE THE POSITION. THIS IS DONE ON AN ANNUAL BASIS GENERALLY AT THE END OF THE YEAR. IN ADDITION, THE BOARD WILL BE MADE AWARE OF THE COMPENSATION OF THE GENERAL RANK AND FILE EMPLOYEES AND WILL PROVIDE THEIR GUIDANCE ON HOW THAT COMPENSATION SHOULD BE ANNUALLY ADJUSTED.”

“The organization does not have these documents immediately available to the public; however, upon request they would and could be provided.”

“OTHER PROGRAM SERVICES 4: BankruptcyThe Executive Office of the US Trustees has approved our organization to issue certificates evidencing completion of counseling and/or a personal financial management instructional course in compliance with the Bankruptcy Code.During the period, we assisted over 775 clients via our bankruptcy services.(EXPENSES $149,313. INCLUDING GRANTS OF $0.) (REVENUE $24,801.) OTHER PROGRAM SERVICES 5: Emergency AssistanceFor another consecutive year, Monmouth County Department of Human Services has selected Navicore Solutions to participate in the Social Services for the Homeless (SSH) program. The SSH program provides emergency assistance payments for rent, mortgage and/or utility payments to at risk families and individuals to avert homelessness. Through this partnership, we facilitate program services and manage the assistance funding. As a SSH provider, we screened over 400 families for homelessness prevention assistance. OTHER PROGRAM SERVICES 6: Community OutreachNavicore Solutions has an extensive presence in the local communities where we have offices through our collaborative efforts with organizations with whom we work towards a common goal of financial stability for their participants. Through these partnerships, we provide holistic services to low-and-moderate income individuals and families. The majority of workshop participants are adults with limited financial knowledge including seniors, veterans, homeless, disabled, or single parents often facing hardships due to unemployment, substance abuse, criminal records, or domestic violence. The financial education workshops offered through Navicore Solutions are a vital element of support this population needs to obtain and then maintain financial stability. During the period, we delivered over 180 workshops whereby approximately 3,500 community members participated. In addition, we participated as an exhibitor for 21 conferences that were attended by over 2,000 community members. OTHER PROGRAM SERVICES 7: Student Loan CounselingOur student loan counseling model targets a borrower's eligibility for loan repayment plans, federal consolidation loans and public service loan forgiveness. Our Student Loan Counselors are specially trained and provide borrowers with a personalized plan, including an outline of steps for moving forward. OTHER PROGRAM SERVICES 8: Health & WellnessAn international organization that offers healthcare support services and technology in the areas of weight loss and diabetes prevention contracted with Navicore Solutions to provide recruitment services and health coaching for their clients. (EXPENSES $346,719. INCLUDING GRANTS OF $0.) (REVENUE $283,641.)”

“Net Deferred compensation expense = $1181447”