Overview
What is Consumer Credit Counseling Service Of Delaware Valley?
Consumer Credit Counseling Service of Delaware Valley, often referred to as Clarifi, is a philanthropic organization based in Philadelphia, Pennsylvania. Their primary mission is to empower individuals by helping them achieve financial resilience. Utilizing a relationship-driven, case management approach, counselors build empathetic and trusting relationships with clients, guiding them towards their financial goals. This involves setting objectives, creating action plans, and addressing issues such as debt reduction, improved credit scores, and increased savings. The organization offers services in community-based locations, often in partnership with other organizations. In 2022, Clarifi provided financial empowerment counseling sessions to over 2,500 unique clients, leading to significant improvements in their financial health. With a vision of making financial wellness accessible to all, Clarifi strives to create hope and positively impact their communities.
Official website here: www.clarifi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%
Consumer Credit Counseling Service Of Delaware Valley has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization's strong performance in key areas includes a 100% independent board, complete financial oversight through audits, and robust policies for conflict of interest and whistleblower protections. These factors contribute to a transparent and well-governed organization.
In terms of financial efficiency, the service utilizes 83.32% of its expenses directly for programs, indicating a commitment to its mission over administrative costs. Additionally, its fundraising efficiency ratio is commendable, suggesting that the organization is able to raise funds effectively with minimal expenses. The liquidity position, however, shows a working capital ratio of 0.89 years, indicating that while the organization is financially stable, it may need to closely monitor its operational cash flow.
Despite these strengths, the liabilities to assets ratio of 42.32% suggests that the organization does carry a moderate level of debt. Overall, the Consumer Credit Counseling Service Of Delaware Valley demonstrates a strong commitment to transparency and effective financial management, although ongoing monitoring of financial ratios is advisable for sustained stability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Consumer Credit Counseling Service Of Delaware Valley?
88% of 11 reviewers on Facebook recommend Consumer Credit Counseling Service of Delaware Valley. Here’s a summary of their feedback:
Many users express a sense of optimism about the organization, highlighting its potential for growth and service improvement. The sentiment tends to be positive, with individuals suggesting that others check out their offerings to see the benefits for themselves.
Overall, it appears that the nonprofit is making strides in its mission, with reviewers noting an encouraging environment. Those who have visited or interacted with the organization generally feel that it is heading in the right direction.
This AI summary has been generated from reviews found on Facebook.
Is Consumer Credit Counseling Service Of Delaware Valley legitimate?
Consumer Credit Counseling Service Of Delaware Valley is a legitimate nonprofit organization registered as a 501(c)(3) entity. Consumer Credit Counseling Service Of Delaware Valley 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: $197,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,094,672
For more financial information, click here
Official website here: www.clarifi.org
What is the mission statement of Consumer Credit Counseling Service Of Delaware Valley?
The Consumer Credit Counseling Service of Delaware Valley's mission is centered around fostering financial resilience in individuals. They envision a future where pathways to financial wellness are accessible to everyone. Through their financial empowerment program, they employ a relationship-based, case management approach to counsel individuals towards financial resilience. Counselors build trusting relationships with clients, helping them set financial goals and create action plans, which may include reducing debt, improving credit, and increasing savings. They provide ongoing support and follow-ups to track progress and connect clients with additional resources. In 2022, they conducted 4,912 financial empowerment counseling sessions, resulting in various positive outcomes for their clients.
Official website here: www.clarifi.org
Who is the CEO of Consumer Credit Counseling Service Of Delaware Valley?
Steve Gardner is the Chief Financial Officer of Consumer Credit Counseling Service Of Delaware Valley.
Official website here: www.clarifi.org
What is the revenue of Consumer Credit Counseling Service Of Delaware Valley?
Consumer Credit Counseling Service Of Delaware Valley's revenue in 2022 was $5,440,689.
Official website here: www.clarifi.org
Who are the executives of Consumer Credit Counseling Service Of Delaware Valley and what are their salaries?
The average compensation at Consumer Credit Counseling Service Of Delaware Valley during 2022 was $44,482. There are 74 employees and 30 volunteers at Consumer Credit Counseling Service Of Delaware Valley.
Here are 22 key members and their salaries:
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Official website here: www.clarifi.org
Where can I find the form 990 for Consumer Credit Counseling Service Of Delaware Valley?
Consumer Credit Counseling Service Of Delaware Valley's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clarifi.org
Learn more at the official website: www.clarifi.org
Mission Statement of Consumer Credit Counseling Service Of Delaware Valley
Consumer Credit Counseling Service of Delaware Valley, abbreviated as CLARIFI, is an organization dedicated to fostering hope by assisting individuals in safeguarding their most significant assets - their financial well-being. Their mission is to empower people by enabling them to attain financial resilience and positively influence their communities. They envision a future where paths to financial wellness are accessible to all.
In pursuit of this mission, CLARIFI employs a relationship-based, case management approach to financial counseling. Their counselors establish lasting relationships with clients, built on empathy and trust, guiding them towards financial resilience. This involves setting personal financial goals and creating a step-by-step action plan, which may include reducing debt, improving credit, and increasing savings. During initial appointments, counselors work with clients to analyze their income and expenditures, identify financial objectives, and develop a written action plan. Follow-up appointments at 30, 60, and 90 days post-appointment ensure progress is monitored, outcomes are recorded, additional resources are connected, and further appointments are scheduled.
Services are often provided in community-based locations in partnership with other organizations such as CareerLink and Children's Hospital of Philadelphia. CLARIFI does not impose eligibility requirements or limit the volume of service per client. Clients often return for multiple follow-up appointments, increasing the likelihood of positive behavioral changes and the maintenance of financially healthy behaviors over time, resulting in long-term, measurable outcomes. In 2022, CLARIFI provided 4,912 financial empowerment counseling sessions to 2,558 unique clients, yielding significant improvements in their financial situations.
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Impact
October, 2024
Consumer Credit Counseling Service of Delaware Valley plays a vital role in fostering financial empowerment and resilience within the community. Through a relationship-based, case management approach, counselors help individuals identify and secure their most important financial assets. This entails guiding clients in setting personalized financial goals and creating actionable plans to achieve them, such as reducing debt, improving credit scores, and increasing savings.
The program emphasizes long-term relationships built on empathy and trust, which allows clients to engage in their financial wellness actively. During initial consultations, counselors conduct thorough income and expense analyses and work collaboratively with clients to outline clear, written action plans. Follow-up sessions at 30, 60, and 90 days not only monitor progress but also connect clients to additional resources, ensuring sustained support.
This method has shown to yield measurable positive outcomes. In 2022, of the nearly 2,600 unique clients served, many reported significant improvements in their financial situations. Noteworthy results include reductions in the use of short-term credit, the establishment of emergency savings, and considerable enhancements in credit scores. Ultimately, the service not only empowers individuals to achieve financial stability but also has a ripple effect that positively impacts their families and communities, aligning with its mission of making pathways to financial wellness accessible to all.
This information is meant to be a general summary of Consumer Credit Counseling Service Of Delaware Valley. 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: -$47,156
- Gross Receipts: $5,529,634
Assets and Liabilities:
- Total Assets: $7,145,801
- Total Liabilities: $3,024,330
- Net Assets: $4,121,471
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Organization Details
Founding Year
1966
Phone
(215) 563-5665Principal Officer
Steve Gardner
Main Address
1635 MARKET ST 5TH FL, PHILADELPHIA, PA, 19103
Website
www.clarifi.orgNTEE Category
Code: P51Z - Human services
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