Overview
What is Allen Credit And Debt Counseling?
Allen Credit and Debt Counseling is a nonprofit organization situated in Wolsey, South Dakota. Its primary focus is on providing consumer credit counseling services and assisting in the provision of affordable housing for individuals with low income. Through its mission, the organization aims to offer guidance and support to individuals managing their debt, as well as contribute to the availability of suitable housing options for those in financial need.
Official website here: www.acdcas.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Allen Credit and Debt Counseling has received a One-Star rating from Charity Navigator, indicating concerns regarding its financial accountability and transparency. While the organization boasts a fully independent board and demonstrates good governance practices in some areas, it significantly lacks in providing financial statements and essential policies, such as a whistleblower policy and document retention guidelines.
The organization operates with a high program expense ratio of 70.80%, suggesting that a large portion of its expenses is directed towards program services rather than administrative costs. However, the liabilities to assets ratio of 71.70% raises red flags about its financial health, which contributes to the overall low score in accountability and finance.
In summary, while Allen Credit and Debt Counseling has strengths in board independence and program expenses, its deficiencies in financial reporting and certain governance policies indicate a need for improvement. Prospective donors should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Allen Credit And Debt Counseling legitimate?
Allen Credit And Debt Counseling is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allen Credit And Debt Counseling 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: $42,301
Professional Fundraising Fees: $0
Other Salaries and Wages: $401,197
For more financial information, click here
Official website here: www.acdcas.com
What is the mission statement of Allen Credit And Debt Counseling?
Allen Credit and Debt Counseling is an organization dedicated to providing consumer credit counseling and advocating for low-income housing. Their mission is to offer personalized counseling services aimed at managing and improving financial situations. This non-profit organization strives to assist individuals in navigating their debt, promoting financial stability, and ultimately, contributing to a more secure financial future. Additionally, they demonstrate a commitment to addressing housing needs for those with limited resources, advocating for affordable and accessible housing solutions.
Official website here: www.acdcas.com
Who is the CEO of Allen Credit And Debt Counseling?
Glenn Jungemann is the Ceo of Allen Credit And Debt Counseling. The CEO's salary of Allen Credit And Debt Counseling is $39,194 and their total compensation is $42,301.
Official website here: www.acdcas.com
What is the revenue of Allen Credit And Debt Counseling?
Allen Credit And Debt Counseling's revenue in 2022 was $889,078.
Official website here: www.acdcas.com
Who are the executives of Allen Credit And Debt Counseling and what are their salaries?
The average compensation at Allen Credit And Debt Counseling during 2022 was $29,567. There are 15 employees at Allen Credit And Debt Counseling.
Here are 6 key members and their salaries (Allen Credit And Debt Counseling's CEO's salary is $39,194 and their total compensation is $42,301):
- Compensation: $39,194
- Related: $0
- Other: $3,107
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.acdcas.com
Where can I find the form 990 for Allen Credit And Debt Counseling?
Allen Credit And Debt Counseling's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acdcas.com
Learn more at the official website: www.acdcas.com
Mission Statement of Allen Credit And Debt Counseling
Allen Credit and Debt Counseling is a dedicated organization that focuses on two vital areas: consumer credit counseling and addressing the needs of individuals with low income for housing. Their mission is to provide personalized counseling services aimed at helping individuals manage their debt and financial situations more effectively. Additionally, the organization demonstrates a commitment to promoting affordable housing opportunities for those with limited income. By offering these services, Allen Credit and Debt Counseling works towards empowering individuals and families to improve their financial well-being and secure a stable living environment.
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Impact
October, 2024
Allen Credit And Debt Counseling plays a vital role in enhancing financial stability and housing security for individuals and families in Wolsey, SD. Through its consumer credit counseling services, the organization provides expert guidance and support to help clients manage their debts, improve their credit scores, and develop effective budgeting strategies. This assistance empowers individuals to take control of their financial situations, fostering greater economic independence and reducing stress associated with financial uncertainty.
Additionally, the organization's focus on low-income housing addresses a critical need in the community, helping vulnerable populations find safe and affordable living options. By combining these services, Allen Credit And Debt Counseling not only helps clients navigate immediate challenges but also promotes long-term financial health and housing stability. The overall impact contributes to a more resilient community, enabling residents to build a brighter future and improve their quality of life.
This information is meant to be a general summary of Allen Credit And Debt Counseling. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10
- Program Service Revenue: $889,068
- Gross Receipts: $889,078
Assets and Liabilities:
- Total Assets: $413,969
- Total Liabilities: $296,885
- Net Assets: $117,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CREDIT COUNSELING
Revenue
$857,853
LOW INCOME HOUSING
Revenue
$31,215
Organization Details
Founding Year
2005
Phone
(605) 301-4885Principal Officer
Glenn Jungemann
Main Address
20003 387TH AVE, WOLSEY, SD, 57384
Website
www.acdcas.comNTEE Category
Code: P51 - Human services
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