Civic Intelligence

National Foundation for Debt Management Inc

EIN 59-3556825 • 501(c)3

14104 58th Street North33760-3758
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

No filing with officer or executive compensation is available for this organization yet.

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$0

Down $483,938 (-100%) from 2010

Liabilities

Down

$0

Down $496,063 (-100%) from 2010

Net Assets

Up

$0

Up $12,125 (+100%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,240,185

Down $4,743,304 (-79%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2010: $483,938Liabilities 2010: $496,063Net Assets 2010: -$12,1252010Assets 2011: $0Liabilities 2011: $0Net Assets 2011: $02011

Highlighted filing

2011

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $5,983,4892010Expenses 2011: $1,240,1852011

Highlighted filing

2011

Revenue-
Expenses$1,240,185
Net Income-

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
May 8, 2012
Return Version
2011v1.2
Gross Receipts
$1,198,603
Mission and Program Overview

Major Activities

Activity 2
Housing counseling: counseling is conducted by national foundation for debt management; ad department of housing and urban development (hud) approved housing counseling agency. Nfdm's housing mission is to provide third party neutral counseling/education to the community in all areas of home ownership. These areas include but are not limited to: rental assistance, post purchase counseling, foreclosure counseling, and reverse mortgage counseling. Nfdm's counselors are all certified by hud to fulfull its mission. All counselors receive ongoing continuing education to maintain certification and all are given senior sensitivity training to properly counsel elderly homeowners and renters. Nfdm's agency is examined by hud every two years and has always been given high performance approvals by hud.
Activity 3
Financial literacy seminar and workshop training programs: nfdm has developed a comprehensive financial literacy training format available to consumers nationwide in several languages. Nfdm assists other non-profits and community organizations that have the need for financial literacy educational programs but do not have adequate funding or skills. Nfdm's national outreach efforts are predominantly intended to empower low to moderate-income individuals and families by providing the knowlede and skills that will enable them to improve their financial management skills and change their financial lives. Nfdm does not consider race, sex, age, religion, disability, sexual orientation gender identity or ability to pay in its service to the community.
Filing and Contact Details

Filer

EIN
59-3556825
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IRS990ScheduleN/Form990ScheduleNPartIII/Explanation0NATIONAL FOUNDATION FOR DEBT MANAGEMENT, INC. COMPLETED A MERGER WITH CONSUMER CREDIT AND BUDGET COUNSELING, INC. OF MARMORA, NJ IN 2011. (EIN 22-3569885). BOARDS OF BOTH COMPANIES APPROVED THE MERGER ON 03/21/11 PENDING POST CLOSING CONDITIONS AS STIPULATED IN THE ARTICLES OF MERGER. MERGER DOCUMENTS WERE FILED WITH THE STATE OF NEW JERSEY ON 11/25/11 AND NOTICE OF APPROVAL WAS RECEIVED ON 12/30/11. ALL ASSETS, LIABILITIES AND NET ASSETS OF NATIONAL FOUNDATION FOR DEBT MANAGEMENT, INC. AT MAY 31, 2011 WERE MERGED INTO THE SURVIVING ORGANIZATION, CONSUMER CREDIT AND BUDGET COUNSELING INC. RALPH DYER, OFFICER AND DIRECTOR OF NFDM, BECAME AN OFFICER AND DIRECTOR OF THE SURVIVING ORGANIZATION, CCBC. JUDITH SORENSEN, AND GEORGE ROE, OFFICERS OF NFDM, BECAME OFFICERS OF THE THE SURVIVING ORGANIZATION, CCBC. JOSEPH TASH, AND SUSAN SPAULDING, DIRECTORS OF NFDM, BECAME DIRECTORS OF THE SURVIVING ORGANIZATION, CCBC.
IRS990ScheduleN/LiabilitiesPaid0false

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