Nonprofit · EIN 11-3603198
AMERICAN DEBT RESOURCES INC
Tax-exempt · EAST NORTHPORT, NY 11731
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $536,414 | $534,861 | $1,553 | $437,520 | $108,402 | $329,118 |
| December 31, 2023 | 990 | $575,770 | $493,646 | $82,124 | $340,308 | $12,743 | $327,565 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $514,120
- of which government grants
- $494,070
- Program service revenue
- $21,998
- Investment income
- $296
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $129,019
- Other salaries and wages
- $214,651
- Salaries, compensation and benefits (total)
- $407,022
- Professional fundraising fees
- $0
- Accounting fees
- $13,550
- Occupancy
- $31,137
- Travel
- $3,345
- Depreciation
- $11,721
- Program services (functional)
- $243,561
- Management and general (functional)
- $291,300
Balance sheet and other
- Total assets, start of year
- $340,308
- Total assets, end of year
- $437,520
- Total liabilities, end of year
- $108,402
- Net assets, end of year
- $329,118
- Land, buildings and equipment
- $103,306
- Net assets without donor restrictions
- $289,240
- Net assets with donor restrictions
- $39,878
- Gross unrelated business income
- $296
- Gross receipts
- $536,414
- Employees
- 6
- Year formed
- 2001
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTIAN MORIARTY | President Trustee or director, Officer | 40 | $129,019 |
| WILLIAM DELIBERTI | Vice President Trustee or director | 0 | $0 |
| STEPHEN DUNAT | Secretary Trustee or director | 0 | $0 |
| LLOYD ANDERSON | Board Member Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTIAN MORIARTY | President Trustee or director, Officer | 40 | $125,250 |
| WILLIAM DELIBERTI | Vice President Trustee or director | 0 | $0 |
| STEPHEN DUNAT | Secretary Trustee or director | 0 | $0 |
| LLOYD ANDERSON | Board Member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 384 LARKFIELD RD, EAST NORTHPORT, NY 11731-3527
- In care of
- % CHRISTIAN MORIARTY
- Principal officer (990 for 2024)
- CHRISTIAN MORIARTY, 5 NORMANDY DRIVE, NORTHPORT, NY 11768
- Signed the 990
- CHRISTIAN MORIARTY, President
- Phone
- (631) 208-9005
- Return prepared by
- June Perciballi & Company CPAS PC
Mission
TO ASSIST INDIVIDUALS WHO ARE EXPERIENCING FINANCIAL DIFFICULTIES THROUGH PROFESSIONAL CREDIT AND HOUSING COUNSELING SERVICES.
Program accomplishments
- THE ORGANIZATION SUCCESSFULLY COUNSELS AND ELIMINATES THE NEED FOR DEBT CONSOLIDATION AND BANKRUPTCY THROUGH BUDGET PLANNING.Expenses $243,561
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3603198
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $437,520
- Income (IRS master file)
- $536,414
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $536,414 | $534,861 | $437,520 | XML |
| 990 | December 2023 | $575,770 | $493,646 | $340,308 | XML |
| 990 | December 2022 | $441,234 | $424,748 | $256,624 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3603198).
Questions about AMERICAN DEBT RESOURCES INC
- What is the EIN of AMERICAN DEBT RESOURCES INC?
- The employer identification number (EIN) of AMERICAN DEBT RESOURCES INC is 11-3603198.
- Is AMERICAN DEBT RESOURCES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to AMERICAN DEBT RESOURCES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN DEBT RESOURCES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN DEBT RESOURCES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN DEBT RESOURCES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AMERICAN DEBT RESOURCES INC?
- The 990 for the year ended December 31, 2024 names CHRISTIAN MORIARTY.
- Who are the officers and directors of AMERICAN DEBT RESOURCES INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $129,019 (CHRISTIAN MORIARTY, President).
- How much revenue does AMERICAN DEBT RESOURCES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $536,414, expenses of $534,861 and total assets of $437,520 at year end.
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