← DEBT MANAGEMENT CREDIT COUNSELING CORP

Form 990 for tax year 2024

Filed by DEBT MANAGEMENT CREDIT COUNSELING CORP.

Totals

Total revenue: $1,642,383
Total expenses: $1,884,752
Contributions and grants received: $95,805
Grants paid: $0
Program service revenue: $1,546,578
Investment income: $0
Other revenue: $0
Total assets, end of year: $237,404
Total liabilities, end of year: $569,447
Net assets or fund balances, end of year: -$332,043
Program services expenses (Part IX): $1,521,198
Management and general expenses: $363,554
Fundraising expenses: $0
Program service expenses (Part III): $1,521,198

Program services were 80.7% 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.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$95,805
1f · All other contributions, gifts and grants

$0
1g · Noncash contributions included above

$0
2a · Program service revenue: CLIENT FEES

total $908,600 · related or exempt $0 · unrelated business $0 · excluded $0
2b · Program service revenue: CREDITOR CONTRIBUTIONS

total $637,978 · related or exempt $0 · unrelated business $0 · excluded $0
2c · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2d · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2e · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $0
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $0
7d · Net gain or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11b · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11c · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $158,977 · program services $79,489 · management and general $79,488 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $747,672 · program services $669,538 · management and general $78,134 · fundraising $0
8 · Pension plan contributions

total $22,380 · program services $20,438 · management and general $1,942 · fundraising $0
9 · Other employee benefits

total $151,689 · program services $122,192 · management and general $29,497 · fundraising $0
10 · Payroll taxes

total $79,503 · program services $65,684 · management and general $13,819 · fundraising $0
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $600 · program services $0 · management and general $600 · fundraising $0
11c · Fees: accounting

total $19,800 · program services $0 · management and general $19,800 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $150,160 · program services $104,609 · management and general $45,551 · fundraising $0
13 · Office expenses

total $101,872 · program services $84,334 · management and general $17,538 · fundraising $0
14 · Information technology

total $99,615 · program services $81,231 · management and general $18,384 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $49,188 · program services $40,585 · management and general $8,603 · fundraising $0
17 · Travel

total $18,939 · program services $13,716 · management and general $5,223 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $15,846 · program services $13,092 · management and general $2,754 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $8,400 · program services $6,940 · management and general $1,460 · fundraising $0
23 · Insurance

total $39,665 · program services $35,911 · management and general $3,754 · fundraising $0
24a · Other expenses: TRANSACTION PROC CHGS

total $149,980 · program services $131,961 · management and general $18,019 · fundraising $0
24b · Other expenses: EDUCATION

total $2,350 · program services $2,350 · management and general $0 · fundraising $0
24c · Other expenses: CREDIT REPORTS

total $17,670 · program services $17,670 · management and general $0 · fundraising $0
24d · Other expenses: DUES & LICENSES

total $50,446 · program services $31,458 · management and general $18,988 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
26 · Joint costs (an allocation of the lines above)

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $175,904 · end of year $46,752
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $300,505 · end of year $129,135
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $13,080 · end of year $9,819
10a · Land, buildings and equipment: cost or other basis

$50,666
10b · Land, buildings and equipment: accumulated depreciation

$40,291
10c · Land, buildings and equipment, net

beginning of year $16,738 · end of year $10,375
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $37,823
15 · Other assets

beginning of year $379,220 · end of year $3,500
17 · Accounts payable and accrued expenses

beginning of year $97,595 · end of year $45,065
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $298,311 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $540,715 · end of year $485,882
25 · Other liabilities

beginning of year $38,500 · end of year $38,500
27 · Net assets without donor restrictions

beginning of year -$89,674 · end of year -$332,043
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

OUR MISSION IS TO PROVIDE CONSUMERS EDUCATION AND BUDGET COUNSELING TO IMPROVE THEIR FINANCIAL LITERACY AND ASSIST THEM IN THE MANAGEMENT OF THEIR PERSONAL FINANCES. WE ARE COMMITTED TO PROVIDING CREDIT COUNSELING THROUGH EDUCATIONAL PROGRAMS AND MATERIALS PERSONAL BUDGETING HOUSING COUNSELING AND DEBT MANAGEMENT PLANS TO FINANCIALLY DISTRESSED CONSUMERS WHILE MAINTAINING FISCAL INTEGRITY AND UTILIZING THE HIGHEST QUALITY STANDARDS IN THE INDUSTRY.

Activities or mission (Part I)

PROVISION OF COUNSELING EDUCATION AND DEBT REPAYMENT PLANS TO CONSUMERS. SEE PAGE 2 PART III LINE 1 FOR ORGANIZATIONS MISSION AND PURPOSE

COUNSELING & EDUCATION:THE ORGANIZATIONS 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 500 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 24,000 VISITORS DURING 2024. DMCC PROVIDED PERSONAL FINANCIAL COUNSELING TO APPROXIMATELY 3,000 CONSUMERS OF WHICH 1,400 WERE ENROLLED IN A DMCC PROGRAM. DMCC WAS AWARDED GRANTS TOTALING 95,805 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 2024 FISCAL YEAR DMCC PROVIDED HOUSING COUNSELING SERVICES TO APPROXIMATELY 960 INDIVIDUALS AND FAMILIES.

Expenses $1,123,217 · Revenue $40,422
DEBT MANAGEMENT PLANS:THE ORGANIZATIONS 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 5,000 CLIENTS OF WHICH AN ESTIMATED 75% 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 15 MILLION IN DEBT REPAYMENTS TO THE CREDITORS OF ITS DEBT MANAGEMENT PLAN CLIENTS. DMCC SUCCESSFULLY COMPLETED OVER 1,300 DEBT MANAGEMENT PLAN ACCOUNTS FOR CLIENTS WHO REPAID THEIR ENROLLED DEBTS IN FULL.

Expenses $397,981 · Revenue $1,601,962

As filed on the 2024 return.

Listed in Part VII

Phil HeinemannPHIL HEINEMANN

PRESIDENT EXEC DIRECTOR

Total calculated

$185,778

From this org

$158,977

From related orgs

$0

Other

$26,801

Hours/week

40

Schedule J breakdown matched by us

Base

$157,323

Bonus

$0

Other

$0

Deferred

$3,933

Nontaxable benefits

$22,869

Filer's total

$184,125
John AlemanJOHN ALEMAN

DIRECTOR

Total calculated

$0

Hours/week

0
Carol O'BrienCAROL O'BRIEN

SECRETARY

Total calculated

$0

Hours/week

0
William KalafWILLIAM KALAF

TREASURER

Total calculated

$0

Hours/week

0

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

Answered yes

3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

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: 2024
Filed: 2 May 2026
IRS schema version: 2024v5.1
Source object: 202611229349300206

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