Overview
What is Consumer Credit Counseling Service Of Maryland And Delaware Inc?
Consumer Credit Counseling Service of Maryland and Delaware Inc., established in 1966 by local business leaders, is a nonprofit organization committed to financial education and counseling. Originally focusing on credit counseling, debt management, and community education, the organization has evolved to offer a wide range of services, including student loan counseling, credit building/rebuilding, and housing counseling. Located in Columbia, Maryland, their certified counselors and coaches help individuals and communities overcome financial and housing issues, promoting financial stability. The organization annually assists over 11,000 consumers through counseling, workshops, and outreach events. With a strong regional presence in Maryland, Florida, California, and Virginia, their mission is to create economic stability through financial advocacy and counseling, aiming to improve the financial lives of the communities they serve.
Official website here: www.cccsmd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Consumer Credit Counseling Service Of Maryland And Delaware Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization excels in its financial operations, with a high program expense ratio of 85.93%, indicating that a significant portion of its funds is directed towards its mission. Its robust governance structure is underscored by 100% independent board members and comprehensive policies in place for conflict of interest and whistleblower protections.
In addition to financial accountability, the organization scores exceptionally well in the Culture & Community category, receiving a perfect score of 100. This indicates a strong focus on community engagement and feedback mechanisms, showing the organization’s responsiveness to the needs of those it serves. The data reveals that it has implemented 14 equity practices, further demonstrating its dedication to fairness and inclusivity in its operations.
While the ratings highlight numerous strengths, potential donors and supporters might consider that the organization could provide more information on its long-term impact and outcomes. Overall, the Consumer Credit Counseling Service Of Maryland And Delaware Inc stands out as a financially sound and community-oriented nonprofit, with high marks in governance and operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Consumer Credit Counseling Service Of Maryland And Delaware Inc legitimate?
Consumer Credit Counseling Service Of Maryland And Delaware Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Consumer Credit Counseling Service Of Maryland And Delaware 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: $460,715
Professional Fundraising Fees: $0
Other Salaries and Wages: $645,953
For more financial information, click here
Official website here: www.cccsmd.org
What is the mission statement of Consumer Credit Counseling Service Of Maryland And Delaware Inc?
The Consumer Credit Counseling Service of Maryland and Delaware Inc., often referred to as CCCSMD, has a mission to enhance the financial lives of the individuals and communities it serves. Established as a nonprofit organization in 1966, CCCSMD provides comprehensive financial solutions to individuals seeking to improve their financial well-being. Recognized as one of the nation's most reputable providers of credit counseling, housing counseling, and financial education and coaching, CCCSMD employs a holistic, educational approach to empower clients to make informed financial decisions that will help them achieve their financial goals.
Official website here: www.cccsmd.org
Who is the CEO of Consumer Credit Counseling Service Of Maryland And Delaware Inc?
Helene Raynaud is the CEO of Consumer Credit Counseling Service Of Maryland And Delaware Inc The CEO's salary of Consumer Credit Counseling Service Of Maryland And Delaware Inc is $200,102 and their total compensation is $228,111.
Official website here: www.cccsmd.org
What is the revenue of Consumer Credit Counseling Service Of Maryland And Delaware Inc?
Consumer Credit Counseling Service Of Maryland And Delaware Inc's revenue in 2023 was $2,517,980.
Official website here: www.cccsmd.org
Who are the executives of Consumer Credit Counseling Service Of Maryland And Delaware Inc and what are their salaries?
The average compensation at Consumer Credit Counseling Service Of Maryland And Delaware Inc during 2023 was $62,632. There 10 volunteers at Consumer Credit Counseling Service Of Maryland And Delaware Inc.
Here are 15 key members and their salaries (Consumer Credit Counseling Service Of Maryland And Delaware Inc's CEO's salary is $200,102 and their total compensation is $228,111):
- Compensation: $200,102
- Related: $18,009
- Other: $10,000
- Compensation: $107,843
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- Other: $14,020
- Compensation: $105,466
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- Other: $5,273
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Official website here: www.cccsmd.org
Where can I find the form 990 for Consumer Credit Counseling Service Of Maryland And Delaware Inc?
Consumer Credit Counseling Service Of Maryland And Delaware Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cccsmd.org
Learn more at the official website: www.cccsmd.org
Mission Statement of Consumer Credit Counseling Service Of Maryland And Delaware Inc
Consumer Credit Counseling Service of Maryland and Delaware Inc, commonly referred to as CCCSMD, is a distinguished nonprofit organization that has been serving the community since 1966. Its primary mission is to enhance the financial lives of the individuals and communities it serves. By providing comprehensive financial solutions, CCCSMD aims to help individuals improve their financial well-being and stabilize their communities.
As one of the nation's most reputable providers of credit counseling, housing counseling, and financial education and coaching, CCCSMD employs a holistic, educational approach. This strategy empowers its clients to make informed financial decisions, ultimately aiding them in achieving their financial goals. Through this approach, CCCSMD not only offers credit counseling services but also extends its reach to housing counseling and financial education and coaching. This multi-faceted approach ensures that clients receive the necessary support to navigate their financial journeys effectively.
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Impact
July, 2024
Consumer Credit Counseling Service Of Maryland And Delaware Inc's impact includes stabilizing communities by creating hope and promoting economic self-sufficiency. Through their comprehensive financial solutions, credit counseling, housing counseling, and financial education services, they have empowered individuals to improve their financial well-being since 1966. By reaching over 11,000 consumers annually through counseling, workshops, and outreach events, they have helped individuals understand and alleviate financial and housing issues, ultimately leading them towards financial stability. Their mission to improve the financial lives of the individuals and communities they serve has made them one of the country's most reputable providers in the field.
This information is meant to be a general summary of Consumer Credit Counseling Service Of Maryland And Delaware 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $134,423
- Program Service Revenue: $331,509
- Gross Receipts: $2,517,980
Assets and Liabilities:
- Total Assets: $9,200,973
- Total Liabilities: $1,531,435
- Net Assets: $7,669,538
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT FEES
Revenue
$184,305
PARTNERSHIPS & WORKSHOPS
Revenue
$147,204
Organization Details
Founding Year
1966
Principal Officer
Helene Raynaud
Website
www.cccsmd.orgNTEE Category
Code: P51 - Human services
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