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← CONSUMER CREDIT COUNSELING SERVICE OF MARYLAND AND DELAWARE INC

Form 990 for tax year 2022

Filed by CONSUMER CREDIT COUNSELING SERVICE OF MARYLAND AND DELAWARE INC.

Totals

Total revenue
$2,793,129
Total expenses
$3,939,021
Contributions and grants received
$2,466,402
Grants paid
$1,539,189
Program service revenue
$299,519
Investment income
$27,208
Other revenue
$0
Total assets, end of year
$9,200,973
Total liabilities, end of year
$1,531,435
Net assets or fund balances, end of year
$7,669,538
Program services expenses (Part IX)
$3,576,869
Management and general expenses
$362,152
Fundraising expenses
$0
Program service expenses (Part III)
$3,576,869

Program services were 90.8% 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.

  • 1e · Government grants (contributions)

    $2,122,616

  • 1f · All other contributions, gifts and grants

    $343,786

  • 2a · Program service revenue: CLIENT FEES AND REIMBURSEMENTS

    total $212,445 · related or exempt $212,445

  • 2b · Program service revenue: PARTNERSHIPS AND WORKSHOPS

    total $87,074 · related or exempt $87,074

  • 3 · Investment income

    total $193,328 · excluded $193,328

  • 7a · Gross sales of assets other than inventory

    securities $4,483,183

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

    securities $4,649,303

  • 7c · Gain or loss

    securities -$166,120

  • 7d · Net gain or loss

    total -$166,120 · excluded -$166,120

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,539,189 · program services $1,539,189

  • 5 · Compensation of officers, directors and key employees

    total $255,993 · program services $193,262 · management and general $62,731

  • 7 · Other salaries and wages

    total $1,184,533 · program services $1,167,799 · management and general $16,734

  • 8 · Pension plan contributions

    total $28,072 · program services $27,497 · management and general $575

  • 9 · Other employee benefits

    total $93,449 · program services $93,449

  • 10 · Payroll taxes

    total $112,060 · program services $106,454 · management and general $5,606

  • 11b · Fees: legal

    total $11,923 · management and general $11,923

  • 11c · Fees: accounting

    total $120,846 · management and general $120,846

  • 11f · Fees: investment management

    total $49,983 · management and general $49,983

  • 11g · Fees: other

    total $14,638 · program services $13,541 · management and general $1,097

  • 12 · Advertising and promotion

    total $24,800 · program services $24,800

  • 13 · Office expenses

    total $89,873 · program services $58,875 · management and general $30,998

  • 14 · Information technology

    total $99,863 · program services $84,404 · management and general $15,459

  • 16 · Occupancy

    total $119,548 · program services $96,536 · management and general $23,012

  • 17 · Travel

    total $7,022 · program services $7,022

  • 19 · Conferences, conventions and meetings

    total $1,655 · program services $1,655

  • 22 · Depreciation, depletion and amortization

    total $5,037 · program services $3,777 · management and general $1,260

  • 23 · Insurance

    total $23,790 · program services $17,340 · management and general $6,450

  • 24a · Other expenses: DUES AND FEES

    total $71,944 · program services $66,979 · management and general $4,965

  • 24b · Other expenses: LICENSING/ACCREDITATION

    total $33,768 · program services $33,768

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $12,507 · program services $9,804 · management and general $2,703

  • 24d · Other expenses: PAYROLL SERVICE CHARGES

    total $11,694 · program services $7,271 · management and general $4,423

  • 24e · All other expenses

    total $26,834 · program services $23,447 · management and general $3,387

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,823 · end of year $355,535

  • 2 · Savings and temporary cash investments

    beginning of year $1,542,008 · end of year $638,296

  • 3 · Pledges and grants receivable

    beginning of year $9,768 · end of year $5,392

  • 4 · Accounts receivable

    beginning of year $546,725 · end of year $578,872

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,103 · end of year $3,098

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

    $230,817

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

    $217,115

  • 10c · Land, buildings and equipment, net

    beginning of year $18,739 · end of year $13,702

  • 11 · Investments: publicly traded securities

    beginning of year $7,844,863 · end of year $7,286,790

  • 15 · Other assets

    beginning of year $13,168 · end of year $319,288

  • 17 · Accounts payable and accrued expenses

    beginning of year $241,456 · end of year $1,014,810

  • 19 · Deferred revenue

    end of year $202,748

  • 21 · Escrow or custodial account liability

    beginning of year $3,444 · end of year $3,083

  • 25 · Other liabilities

    beginning of year $0 · end of year $310,794

  • 27 · Net assets without donor restrictions

    beginning of year $9,829,297 · end of year $7,669,538

Mission and programs · 2022

Mission

THE MISSION OF CCCSMD IS TO IMPROVE THE FINANCIAL LIVES OF THE INDIVIDUALS AND COMMUNITIES WE SERVE.A NONPROFIT ORGANIZATION SERVING THE COMMUNITY SINCE 1966, CONSUMER CREDIT COUNSELING SERVICE OF MD & DE, INC. (D/B/A CCCSMD) PROVIDES COMPREHENSIVE FINANCIAL SOLUTIONS TO PEOPLE WHO NEED OR WANT TO IMPROVE THEIR FINANCIAL WELL-BEING. WE ARE RECOGNIZED AS ONE OF THE COUNTRY'S MOST REPUTABLE PROVIDERS OF CREDIT COUNSELING, HOUSING COUNSELING, AND FINANCIAL EDUCATION AND COACHING. THROUGH A HOLISTIC, EDUCATIONAL APPROACH, CCCSMD EMPOWERS CLIENTS TO MAKE INFORMED FINANCIAL DECISIONS THAT WILL HELP THEM ACHIEVE THEIR FINANCIAL GOALS.

Activities or mission (Part I)

TO HELP STABILIZE COMMUNITIES BY CREATING HOPE AND PROMOTING ECONOMIC SELF-SUFFICIENCY.

  • CONSUMER CREDIT COUNSELING SERVICE OF MARYLAND AND DELAWARE, INC., (CCCSMD) IS A NON-PROFIT HOUSING AND CREDIT COUNSELING ORGANIZATION FOUNDED IN 1966 BY A GROUP OF LOCAL BUSINESS LEADERS WHO RECOGNIZED A COMMUNITY NEED FOR FINANCIAL EDUCATION AND COUNSELING. HISTORICALLY, THE CORNERSTONE OF OUR ORGANIZATION HAS BEEN CREDIT COUNSELING, DEBT MANAGEMENT, AND COMMUNITY EDUCATION. TODAY, CCCSMD PROVIDES A FULL RANGE OF SERVICES THAT ALSO INCLUDES STUDENT LOAN COUNSELING, CREDIT BUILDING/REBUILDING, AND HOUSING COUNSELING. OUR CERTIFIED COUNSELORS AND COACHES HELP CONSUMERS UNDERSTAND AND ALLEVIATE FINANCIAL AND HOUSING ISSUES AND GAIN FINANCIAL STABILITY. ANNUALLY WE REACH MORE THAN 11,000 CONSUMERS THROUGH COUNSELING, COMMUNITY WORKSHOPS AND OUTREACH EVENTS. CCCSMD IS A MEMBER OF THE NATIONAL FOUNDATION FOR CREDIT COUNSELING, ACCREDITED BY THE COUNCIL ON ACCREDITATION, AND IS A HUD-APPROVED NATIONAL INTERMEDIARY HOUSING COUNSELING AGENCY. ALTHOUGH A NATIONWIDE PROVIDER, WE HAVE A STRONG REGIONAL PRESENCE WITH BRANCH OFFICES IN MARYLAND (BALTIMORE AND COLUMBIA), FLORIDA, CALIFORNIA AND VIRGINIA. OUR MISSION IS "TO CREATE ECONOMIC STABILITY THROUGH FINANCIAL ADVOCACY AND COUNSELING."

    Expenses $3,576,869 · Grants $1,539,189 · Revenue $299,519

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Taylor

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • William E Mills III

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Natalie A Trunow

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Laurie Benner

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Blake Allison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Rahn Barnes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Justin Cousins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Lauren Hughes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Benjamin Lowenthal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Joyce Odongo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Gail Sanders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Helene Raynaud

    PRESIDENT, CEO

    Total calculated
    $255,993
    From this org
    $242,129
    From related orgs
    $0
    Other
    $13,864
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,129
    Bonus
    $30,000
    Other
    $0
    Deferred
    $8,794
    Nontaxable benefits
    $5,070
    Filer's total
    $255,993

  • Susan Fitz

    VP, COUNSELING, PROG. & COMPLIANCE

    Total calculated
    $123,646
    From this org
    $115,563
    From related orgs
    $0
    Other
    $8,083
    Hours/week
    40

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE FOLLOWING INDIVIDUALS RECEIVED A BONUS THAT ARE REPORTED ON PART VII: - HELENE RAYNAUD $30,000 - SUSAN FITZ $3,000

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

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2023
IRS schema version
2022v5.0
Source object
202302899349302365

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