Form 990 for tax year 2023

Totals

Total revenue

$1,828,590

Total expenses

$2,021,848

Contributions and grants received

$319,294

Grants paid

$0

Program service revenue

$1,509,296

Investment income

$0

Other revenue

$0

Total assets, end of year

$885,350

Total liabilities, end of year

$971,122

Net assets or fund balances, end of year

-$85,772

Program services expenses (Part IX)

$1,751,281

Management and general expenses

$270,567

Fundraising expenses

$0

Program service expenses (Part III)

$1,751,281

Program services were 86.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• COUNSELING & EDUCATION:THE ORGANIZATION'S COUNSELING AND EDUCATION PROGRAMS FOCUS ON THE MANAGING OF CREDIT AND DEBT, BUDGETING OF PERSONAL FINANCES, AND HOUSING ISSUES. COUNSELING AND EDUCATION SERVICES ARE PRIMARILY PROVIDED THROUGH FACE-TO-FACE AND TELEPHONE COUNSELING SESSIONS, ONSITE SEMINARS AND WORKSHOPS AT SCHOOLS, COMMUNITY CENTERS AND BUSINESSES, ONLINE EDUCATIONAL COURSES, AND THE DISTRIBUTION OF FREE EDUCATIONAL MATERIALS. THE ORGANIZATION IS APPROVED BY HUD TO PROVIDE COMPREHENSIVE HOUSING COUNSELING TO RESIDENTS OF FLORIDA, INCLUDING PRE-PURCHASE COUNSELING AND HOMEBUYER EDUCATION, NON-DELINQUENCY POST PURCHASE COUNSELING, MORTGAGE DELINQUENCY AND DEFAULT RESOLUTION COUNSELING, FINANCIAL LITERACY, EDUCATIONAL WORKSHOPS, REVERSE MORTGAGE COUNSELING, AND HOMELESS COUNSELING SERVICES.SPECIFIC PROGRAM ACCOMPLISHMENTS ACHIEVED WERE AS FOLLOWS: DMCC CONDUCTED FINANCIAL EDUCATION SEMINARS AND WORKSHOPS FOR APPROXIMATELY 2,600 INDIVIDUALS FOR FIRST-TIME HOMEBUYERS, NONPROFIT COMMUNITY ORGANIZATIONS AND EMPLOYERS THROUGHOUT THE STATE OF FLORIDA. DMCC DISSEMINATED FREE FINANCIAL LITERATURE AND EDUCATIONAL MATERIALS TO ITS CLIENTS AND THE GENERAL PUBLIC THROUGH SEMINARS, THE U.S. MAIL, EMAIL AND ITS WEBSITES. EDUCATIONAL PAGES ON DMCC WEBSITES WERE VIEWED BY APPROXIMATELY 26,500 VISITORS DURING 2023. DMCC PROVIDED PERSONAL FINANCIAL COUNSELING TO APPROXIMATELY 3,500 CONSUMERS, OF WHICH 1,300 WERE ENROLLED IN A DMCC PROGRAM. DMCC WAS AWARDED GRANTS TOTALING $319,294 TO PROVIDE HOUSING COUNSELING AND FINANCIAL LITERACY EDUCATION, INCLUDING PRE-PURCHASE HOME BUYING, POST-PURCHASE HOME OWNERSHIP, FORECLOSURE AND RENTAL EVICTION PREVENTION, AND HOMELESS ASSISTANCE. DURING THE HUD 2023 FISCAL YEAR, DMCC PROVIDED HOUSING COUNSELING SERVICES TO APPROXIMATELY 900 INDIVIDUALS AND FAMILIES.

  Expenses $1,328,934 · Revenue $6,255

• DEBT MANAGEMENT PLANS:THE ORGANIZATION'S DEBT MANAGEMENT PLAN PROGRAM CONSISTS OF THE NEGOTIATION AND SERVICING OF REPAYMENT PLANS WITH CREDITORS ON BEHALF OF CONSUMER DEBTORS. THE PROVISION OF SUCH SERVICES IS REGULATED BY THE U.S. INTERNAL REVENUE SERVICE, MOST STATES, AND THE MAJOR BANKS PROVIDING THE UNDERLYING DEBT MANAGEMENT PLAN BENEFITS. REGULATIONS INCLUDE FEE RESTRICTIONS, BONDING AND INSURANCE, BANKING REQUIREMENTS, PRIVACY AND SECURITY POLICIES AND CONTROLS, ACCREDITATION AND CERTIFICATION OF THE ORGANIZATION, ITS MANAGEMENT AND EMPLOYEES, AND ANNUAL LICENSING AND REPORTING. THE ORGANIZATION IS ALSO SUBJECT TO PERIODIC AUDITS BY THESE REGULATING ENTITIES.SPECIFIC PROGRAM ACCOMPLISHMENTS ACHIEVED WERE AS FOLLOWS: DMCC SERVICED DEBT MANAGEMENT PLANS FOR APPROXIMATELY 6,000 CLIENTS, OF WHICH AN ESTIMATED 70% WERE LOW-MODERATE HOUSEHOLDS EARNING LESS THAN 80% OF THEIR AREA MEDIAN INCOME BASED ON GUIDELINES PUBLISHED BY THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES. DMCC DISBURSED OVER $16 MILLION IN DEBT REPAYMENTS TO THE CREDITORS OF ITS DEBT MANAGEMENT PLAN CLIENTS. DMCC SUCCESSFULLY COMPLETED OVER 1,400 DEBT MANAGEMENT PLAN ACCOUNTS FOR CLIENTS WHO REPAID THEIR ENROLLED DEBTS IN FULL.

  Expenses $422,347 · Revenue $1,503,041

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2023

Filed

18 July 2024

IRS schema version

2023v5.1

Source object

202412009349301706

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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