Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,826,880

• 2a · Program service revenue: CREDIT COUNSELING

  total $3,509,425 · related or exempt $3,509,425

• 2b · Program service revenue: HOUSING COUNSELING

  total $69,867 · related or exempt $69,867

• 2c · Program service revenue: BANKRUPTCY COUNSELING

  total $2,574 · related or exempt $2,574

• 3 · Investment income

  total $827,935 · excluded $827,935

• 7a · Gross sales of assets other than inventory

  securities $2,094,089 · other assets $64

• 7b · Less cost or other basis and sales expenses

  securities $1,903,050 · other assets $0

• 7c · Gain or loss

  securities $191,039 · other assets $64

• 7d · Net gain or loss

  total $191,103 · excluded $191,103

• 11a · Other revenue: OTHER INCOME

  total $27,176 · excluded $27,176

• 11e · Other revenue, total

  $27,176

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $588,108 · program services $284,579 · management and general $303,529

• 7 · Other salaries and wages

  total $3,283,127 · program services $3,028,240 · management and general $254,887

• 8 · Pension plan contributions

  total $40,437 · program services $40,437

• 9 · Other employee benefits

  total $30,495 · program services $30,495

• 10 · Payroll taxes

  total $266,592 · program services $233,931 · management and general $32,661

• 11b · Fees: legal

  total $5,233 · program services $2,638 · management and general $2,595

• 11c · Fees: accounting

  total $41,344 · management and general $41,344

• 11f · Fees: investment management

  total $109,080 · management and general $109,080

• 11g · Fees: other

  total $697,917 · program services $627,488 · management and general $70,429

• 12 · Advertising and promotion

  total $407,408 · program services $392,824 · management and general $14,584

• 13 · Office expenses

  total $502,294 · program services $469,564 · management and general $32,730

• 14 · Information technology

  total $162,602 · program services $151,820 · management and general $10,782

• 16 · Occupancy

  total $179,619 · program services $170,186 · management and general $9,433

• 17 · Travel

  total $50,171 · program services $27,705 · management and general $22,466

• 19 · Conferences, conventions and meetings

  total $19,521 · program services $19,498 · management and general $23

• 22 · Depreciation, depletion and amortization

  total $107,723 · program services $104,247 · management and general $3,476

• 23 · Insurance

  total $426,603 · program services $379,743 · management and general $46,860

• 24a · Other expenses: PUBLIC OUTREACH

  total $454,016 · program services $454,016

• 24b · Other expenses: LICENSES, FEES, PERMITS

  total $117,060 · program services $116,921 · management and general $139

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $71,627 · program services $34,730 · management and general $36,897

• 24d · Other expenses: EQUIPMENT MAINT. REPAIR

  total $31,200 · program services $28,515 · management and general $2,685

• 24e · All other expenses

  total $6,803 · management and general $6,803

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $308,264 · end of year $1,173,415

• 2 · Savings and temporary cash investments

  beginning of year $902,720 · end of year $1,218,928

• 3 · Pledges and grants receivable

  beginning of year $259,480 · end of year $174,119

• 4 · Accounts receivable

  beginning of year $223,918 · end of year $198,847

• 9 · Prepaid expenses and deferred charges

  beginning of year $142,368 · end of year $114,987

• 10a · Land, buildings and equipment: cost or other basis

  $6,577,202

• 10b · Land, buildings and equipment: accumulated depreciation

  $6,486,888

• 10c · Land, buildings and equipment, net

  beginning of year $113,276 · end of year $90,314

• 11 · Investments: publicly traded securities

  beginning of year $27,060,306 · end of year $27,419,867

• 12 · Investments: other securities

  beginning of year $907,589 · end of year $5,000

• 13 · Investments: program-related

  beginning of year $150,000 · end of year $150,000

• 15 · Other assets

  beginning of year $790,096 · end of year $785,275

• 17 · Accounts payable and accrued expenses

  beginning of year $569,579 · end of year $354,839

• 19 · Deferred revenue

  beginning of year $187,500 · end of year $187,500

• 21 · Escrow or custodial account liability

  beginning of year $902,720 · end of year $897,922

• 25 · Other liabilities

  beginning of year $766,096 · end of year $727,257

• 27 · Net assets without donor restrictions

  beginning of year $28,391,608 · end of year $29,163,234

• 28 · Net assets with donor restrictions

  beginning of year $40,514 · end of year $0

The filer's explanations (Part III)

PART I, LINE 7

BONUSES ARE DISCRETIONARY IN NATURE AND ARE AWARDED ON MERIT. THE AMOUNTS ARE DETERMINED BASED ON THE ORGANIZATION MEETING ITS ANNUAL GOALS. BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS.