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American Debt Resources Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113603198 ✦ East northport, NY ✦ Designated as a 501(c)(3)

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Overview

What is American Debt Resources Inc?

American Debt Resources Inc, located at 384 Larkfield Road 1, East Northport, NY 11731, is a nonprofit organization dedicated to assisting individuals grappling with financial difficulties. Their primary mission involves offering professional credit and housing counseling services to help eliminate the need for debt consolidation and bankruptcy. By providing such guidance, American Debt Resources Inc aims to empower individuals to manage their finances effectively, ultimately leading to financial stability. The organization has a modest workforce of 4 employees committed to this cause.


Official website here: www.americandebtresources.com

Is American Debt Resources Inc legitimate?

American Debt Resources Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Debt Resources Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $111,447
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,113

For more financial information, click here


Official website here: www.americandebtresources.com

What is the mission statement of American Debt Resources Inc?

American Debt Resources Inc's mission is centered around assisting individuals facing financial difficulties. They accomplish this through the provision of professional credit and housing counseling services. The organization's primary goal is to eliminate the need for debt consolidation and bankruptcy by offering effective budget planning solutions. By providing these services, American Debt Resources Inc aims to help individuals regain financial stability and independence.


Official website here: www.americandebtresources.com

Who is the CEO of American Debt Resources Inc?

Christian Moriarty is the President of American Debt Resources Inc.


Official website here: www.americandebtresources.com

What is the revenue of American Debt Resources Inc?

American Debt Resources Inc's revenue in 2022 was $441,234.


Official website here: www.americandebtresources.com

Who are the executives of American Debt Resources Inc and what are their salaries?

The average compensation at American Debt Resources Inc during 2022 was $64,390. There are 4 employees at American Debt Resources Inc.


Here are 4 key members and their salaries:


Christian Moriarty (President)
  • Compensation: $111,447
  • Related: $0
  • Other: $0
William Deliberti (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Dunat (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lloyd Anderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.americandebtresources.com

Where can I find the form 990 for American Debt Resources Inc?

American Debt Resources Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.americandebtresources.com

Learn more at the official website: www.americandebtresources.com

Mission Statement of American Debt Resources Inc

American Debt Resources Inc, a nonprofit organization, is dedicated to assisting individuals grappling with financial hardships. Their mission is to provide professional credit and housing counseling services to those in need. The goal is to help these individuals overcome their financial difficulties without resorting to debt consolidation or bankruptcy. They achieve this through meticulous budget planning. By offering these services, American Debt Resources Inc aims to empower individuals to regain financial stability and independence.

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Impact




October, 2024

American Debt Resources Inc significantly impacts individuals facing financial difficulties by providing professional credit and housing counseling services. The organization helps clients navigate their financial challenges effectively, emphasizing budget planning to eliminate the need for debt consolidation and bankruptcy. By offering tailored support, American Debt Resources aids individuals in regaining control of their finances, fostering long-term financial stability and reinforcing their ability to make informed financial decisions. Based in East Northport, NY, their dedicated efforts contribute to healthier financial communities through education and empowerment.




This information is meant to be a general summary of American Debt Resources Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$441,234 (2022)
Expenses
$424,748 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $77
  • Program Service Revenue: $44,907
  • Gross Receipts: $441,234

Assets and Liabilities:

  • Total Assets: $256,624
  • Total Liabilities: $11,183
  • Net Assets: $245,441

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DEBT CONSOLIDATION

Revenue

$44,777

MISCELLANEOUS

Revenue

$130

Organization Details

Founding Year

2001

Principal Officer

Christian Moriarty

Main Address

384 LARKFIELD ROAD 1, EAST NORTHPORT, NY, 11731

NTEE Category

Code: P51 - Human services

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