Civic Intelligence

Consolidated Credit Counseling Service Inc.

EIN 65-0401491 • 501(c)3 • Ft Lauderdale, FL

Pub. 78 Eligible990-N Coverage

Profile

Consolidated credit counseling services, inc.'s mission is to assist individuals and families throughout the united states in ending financial crisis, and solving money management problems through education and professional counseling.

5701 West Sunrise Blvd No 200Ft Lauderdale, FL 33313

www.consolidatedcredit.org

Siviq Scores

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

Liabilities / Assets

75th percentile

0.05x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

0.03x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

39th percentile

-2.8%

Higher net margin than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

12th percentile

-88%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-93%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$200,961

Down $1,447,606 (-88%) from 2018

Liabilities

Down

$10,220

Down $1,438,797 (-99%) from 2018

Net Assets

Down

$190,741

Down $8,809 (-4.4%) from 2018

Revenue

Down

$319,926

Down $4,142,830 (-93%) from 2018

Expenses

Down

$328,733

Down $4,651,886 (-93%) from 2018

Net Income

Up

-$8,807

Up $509,056 (+98%) from 2018

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $12,906,680Liabilities 2011: $11,999,944Net Assets 2011: $906,7362011Assets 2012: $12,872,460Liabilities 2012: $12,126,081Net Assets 2012: $746,3792012Assets 2013: $11,648,309Liabilities 2013: $10,931,896Net Assets 2013: $716,4132013Assets 2014: $11,768,021Liabilities 2014: $11,049,377Net Assets 2014: $718,6442014Assets 2015: $8,485,048Liabilities 2015: $7,743,465Net Assets 2015: $741,5832015Assets 2016: $6,720,323Liabilities 2016: $5,949,249Net Assets 2016: $771,0742016Assets 2017: $4,868,075Liabilities 2017: $4,150,664Net Assets 2017: $717,4112017Assets 2018: $1,648,567Liabilities 2018: $1,449,017Net Assets 2018: $199,5502018Assets 2019: $200,961Liabilities 2019: $10,220Net Assets 2019: $190,7412019

Highlighted filing

2019

Assets$200,961
Liabilities$10,220
Net Assets$190,741

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2011: $34,805,782Expenses 2011: $34,793,805Net Income 2011: $11,9772011Revenue 2012: $32,614,656Expenses 2012: $32,775,013Net Income 2012: -$160,3572012Revenue 2013: $30,969,618Expenses 2013: $30,999,583Net Income 2013: -$29,9652013Revenue 2014: $25,917,854Expenses 2014: $25,915,623Net Income 2014: $2,2312014Revenue 2015: $19,898,497Expenses 2015: $19,875,558Net Income 2015: $22,9392015Revenue 2016: $14,408,858Expenses 2016: $14,379,369Net Income 2016: $29,4892016Revenue 2017: $10,888,716Expenses 2017: $10,942,379Net Income 2017: -$53,6632017Revenue 2018: $4,462,756Expenses 2018: $4,980,619Net Income 2018: -$517,8632018Revenue 2019: $319,926Expenses 2019: $328,733Net Income 2019: -$8,8072019

Highlighted filing

2019

Revenue$319,926
Expenses$328,733
Net Income-$8,807

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 11, 2020
Return Version
2018v3.1
Gross Receipts
$319,926
Mission and Program Overview

Mission

Consolidated credit counseling services, inc.'s mission is to assist individuals and families throughout the united states in ending financial crisis, and solving money management problems through education and professional counseling.

See related footnote on schedule o

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,041,327$159,781▼ $881,546
Accounts Receivable$42,725$41,180▼ $1,545
Land, Buildings, and Equipment, Net$0--
Other Assets Total$564,514$0▼ $564,514
Total Assets$1,648,566$200,961▼ $1,447,605
Liabilities
Escrow Account Liability$564,514--
Accounts Payable and Accrued Expenses$884,503$10,220▼ $874,283
Total Liabilities$1,449,017$10,220▼ $1,438,797
Net Assets / Fund Balance
Unrestricted Net Assets$199,549$190,741▼ $8,808
Total Net Assets Fund Balance$199,549$190,741▼ $8,808
Total Liabilities and Net Assets / Fund Balance$1,648,566$200,961▼ $1,447,605
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary HermanPresident & Director
Andrew WeismanDirector
Brian HorowitzDirector
George RoeDirector
Jonathan SherryDirector
Melanie DernisDirector
Ron LibreaSecretary
Hilton SherVP & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,884
Program Service Revenue
$288,740
Investment Income
$302
Other Revenue
$0
All Other Contributions
$30,884
Change in Net Assets
$-8,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$319,926
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$319,926
Total Revenue per Form 990
$319,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$328,733
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$108,000$12,000-$120,000
Insurance$9,936$1,105-$11,041
Fees for Services Accounting-$9,443-$9,443
Other Expenses$4,836$537-$5,373
Office Expenses$2,704$299-$3,003
Fees for Services Legal-$908-$908
All Other Expenses$544$60-$604
Total Functional Expenses$291,424$37,309$0$328,733

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$328,733
Total Expenses per Audited Statements$328,733
Total Expenses per Form 990$328,733
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common Officers for Both OrganizationsEquipment & Software RentalNo$5,373
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board of directors review the form 990 and forward their questions/comments to the cfo. The chief financial officer discusses said questions/comments before signing the return.

Form 990, Part VI, Section B, Line 12C

New conflict of interest forms are required to be completed each year.

Form 990, Part VI, Section B, Line 15A

An independent third party valuation of compensation paid to the president was completed in 2017.

Form 990, Part VI, Section C, Line 18

The organization makes form 990 available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization makes information available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Consolidated Credit Counseling
EIN
65-0401491
Phone
9544843328
Address
5701 WEST SUNRISE BLVD NO 200, FT LAUDERDALE, FL 33313

Signing Officer

Name
Hilton Sher
Title
Vice President
Phone
9544843328
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Thomas Vastardis CPA
Address
30 FRENEAU AVENUE BLDG B UNIT 2D, MATAWAN, NJ 07747
Preparer
Thomas Vastardis
Phone
7322381908
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -1.

Form 990, Part I Line 1

To assist individuals who are experiencing financial difficulties trough professional financial counseling and education.

Financial Statement Notes

PART IV, LINE 2B:

Custodial arrangement represents funds collected from members, which in turn are used to pay a member's debt balance to creditors.

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IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99380
IRS990ScheduleA/PublicSupportPY509Pct00.99880
IRS990ScheduleA/PublicSupportTotal509Amt049669980
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0319624
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04381065
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt010727165
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt014373019
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt019869107
IRS990ScheduleA/Total509Grp/TotalAmt049669980
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0319926
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04462756
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt010888716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt014408858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt019898497
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt049978753
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0328733
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0319926
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CUSTODIAL ARRANGEMENT REPRESENTS FUNDS COLLECTED FROM MEMBERS, WHICH IN TURN ARE USED TO PAY A MEMBER'S DEBT BALANCE TO CREDITORS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0328733
IRS990ScheduleD/TotalRevenuePerForm990Amt0319926
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0319926
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0328733
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CONSOLIDATED CREDIT SOLUTIONS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON OFFICERS FOR BOTH ORGANIZATIONS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt05373
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EQUIPMENT & SOFTWARE RENTAL
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEW THE FORM 990 AND FORWARD THEIR QUESTIONS/COMMENTS TO THE CFO. THE CHIEF FINANCIAL OFFICER DISCUSSES SAID QUESTIONS/COMMENTS BEFORE SIGNING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW CONFLICT OF INTEREST FORMS ARE REQUIRED TO BE COMPLETED EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN INDEPENDENT THIRD PARTY VALUATION OF COMPENSATION PAID TO THE PRESIDENT WAS COMPLETED IN 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING -1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TO ASSIST INDIVIDUALS WHO ARE EXPERIENCING FINANCIAL DIFFICULTIES TROUGH PROFESSIONAL FINANCIAL COUNSELING AND EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART I LINE 1
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/StatesWhereCopyOfReturnIsFldCd1IL
IRS990/StatesWhereCopyOfReturnIsFldCd2MD
IRS990/StatesWhereCopyOfReturnIsFldCd3MT
IRS990/StatesWhereCopyOfReturnIsFldCd4NY
IRS990/StatesWhereCopyOfReturnIsFldCd5OR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01648566
IRS990/TotalAssetsEOYAmt0200961
IRS990/TotalAssetsGrp/BOYAmt01648566
IRS990/TotalAssetsGrp/EOYAmt0200961
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt030884
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037309
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0291424
IRS990/TotalFunctionalExpensesGrp/TotalAmt0328733
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01449017
IRS990/TotalLiabilitiesEOYAmt010220
IRS990/TotalLiabilitiesGrp/BOYAmt01449017
IRS990/TotalLiabilitiesGrp/EOYAmt010220
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0199549
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0190741
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0122382
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0122382
IRS990/TotalProgramServiceExpensesAmt0291424
IRS990/TotalProgramServiceRevenueAmt0288740
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0289042
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0319926
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01648566
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0200961
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0199549
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0190741
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05701 WEST SUNRISE BLVD NO 200
IRS990/USAddress/CityNm0FT LAUDERDALE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033313
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CONSOLIDATEDCREDIT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HILTON SHER

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