Nonprofit · EIN 16-0909583
PARACHUTE CREDIT COUNSELING INC
Tax-exempt · WEST SENECA, NY 14224
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,699,674 | $1,766,286 | -$66,612 | $1,359,302 | $327,607 | $1,031,695 |
| December 31, 2024 | 990 | $1,689,523 | $1,813,967 | -$124,444 | $1,517,474 | $452,719 | $1,064,755 |
| December 31, 2023 | 990 | $1,656,143 | $1,704,761 | -$48,618 | $1,339,233 | $183,086 | $1,156,147 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $476,703
- of which government grants
- $68,992
- Program service revenue
- $1,191,181
- Investment income
- $23,103
- Other revenue
- $8,687
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $147,359
- Other salaries and wages
- $850,969
- Salaries, compensation and benefits (total)
- $1,168,431
- Professional fundraising fees
- $0
- Accounting fees
- $19,718
- Occupancy
- $140,915
- Depreciation
- $7,398
- Program services (functional)
- $1,644,813
- Management and general (functional)
- $121,473
Balance sheet and other
- Total assets, start of year
- $1,517,474
- Total assets, end of year
- $1,359,302
- Total liabilities, end of year
- $327,607
- Net assets, end of year
- $1,031,695
- Land, buildings and equipment
- $34,797
- Net assets without donor restrictions
- $1,031,695
- Gross receipts
- $1,699,674
- Employees
- 21
- Volunteers
- 11
- Year formed
- 1965
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NOELLE CARTER | PRESIDENT & CEO Officer | 40 | $135,716 | $4,500 |
| JOSEPH M MORRISON | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MATTHEW SCHERMERHORN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RAMON MORALES | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATHERINE Q LEWIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN DOLAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEANNA EASON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH SALLEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY L LATULIP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT TORELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSHUA ZALEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NOELLE CARTER | PRESIDENT/CEO Officer | 40 | $121,683 | $4,500 |
| JOSEPH M MORRISON | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MATTHEW SCHERMERHORN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RAMON MORALES | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATHERINE Q LEWIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN DOLAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEANNA EASON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BONNIE KELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY L LATULIP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT TORELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSHUA ZALEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NOELLE CARTER | PRESIDENT/CEO Officer | 40 | $118,569 | $4,500 |
| NANCY L LATULIP | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY F GUTOWSKI | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH M MORRISON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BONNIE KELL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARYLOU BOROWIAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHERINE M ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEANNA EASON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN DOLAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAMON MORALES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHRYN LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 40 GARDENVILLE PKWY SUITE 300, WEST SENECA, NY 14224-1387
- Principal officer (990 for 2025)
- NOELLE CARTER, 40 GARDENVILLE PARKWAY 300, WEST SENECA, NY 14224
- Signed the 990
- NOELLE CARTER, PRESIDENT & CEO
- Phone
- (716) 712-2060
- Return prepared by
- BONADIO & CO LLP
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE THE COMMUNITY WITH THE BEST STRATEGIES TO MASTER THEIR CREDIT.
Program accomplishments
- CREDIT COUNSELING: PARACHUTE CREDIT COUNSELING OFFERS COMPREHENSIVE DEBT MANAGEMENT SOLUTIONS. WHILE THE CREDIT COUNSELING AND DEBT MANAGEMENT INDUSTRY INCLUDES VARIOUS PROVIDERS, PARACHUTE DISTINGUISHES ITSELF BY PRIORITIZING CLIENT EDUCATION AND LONG-TERM FINANCIAL WELL-BEING. WE BELIEVE IN EMPOWERING INDIVIDUALS WITH THE KNOWLEDGE AND TOOLS THEY NEED TO ACHIEVE FINANCIAL FREEDOM, RATHER THAN SIMPLY OFFERING QUICK FIXES. OUR SERVICES: CONFIDENTIAL FINANCIAL COUNSELING: CLIENTS CAN SCHEDULE A CONFIDENTIAL CONSULTATION WITH A CERTIFIED FINANCIAL COUNSELOR TO DISCUSS THEIR UNIQUE FINANCIAL SITUATION. PERSONALIZED BUDGET ANALYSIS: OUR COUNSELORS CONDUCT THOROUGH BUDGET ANALYSES TO IDENTIFY AREAS FOR IMPROVEMENT AND DEVELOP CUSTOMIZED FINANCIAL PLANS. DEBT MANAGEMENT PLANS (DMPS): FOR ELIGIBLE CLIENTS, WE OFFER DMPS THAT MAY INCLUDE: REDUCED MONTHLY PAYMENTS: LOWERING OVERALL MONTHLY DEBT OBLIGATIONS. REDUCED INTEREST RATES AND FEES: NEGOTIATING LOWER INTEREST RATES AND ELIMINATING OR REDUCING FEES CHARGED BY CREDITORS. PARACHUTE IS COMMITTED TO PROVIDING HIGH-QUALITY, CLIENT-CENTERED SERVICES THAT EMPOWER INDIVIDUALS TO ACHIEVE LONG-TERM FINANCIAL STABILITY. 3,676 CLIENTS SERVED.Expenses $1,112,245 · revenue $1,111,745
- THE HOUSING PROGRAMMING PARACHUTE CREDIT COUNSELING OFFERS A RANGE OF HOUSING SERVICES, PRIMARILY FOCUSED ON: 1. FORECLOSURE PREVENTION: THIS SERVICE, FUNDED BY FEDERAL AND STATE GRANTS, ASSISTS HOMEOWNERS FACING MORTGAGE DELINQUENCY. PARACHUTE COUNSELORS WORK CLOSELY WITH LENDERS TO EXPLORE OPTIONS FOR CURING THE DELINQUENCY. 2. REVERSE MORTGAGE (HECM) COUNSELING: PARACHUTE PROVIDES MANDATORY COUNSELING SESSIONS FOR INDIVIDUALS CONSIDERING A REVERSE MORTGAGE. THESE SESSIONS EDUCATE CLIENTS ON THE INTRICACIES OF HECM LOANS, INCLUDING POTENTIAL RISKS AND BENEFITS, AND ARE REQUIRED TO OBTAIN A CERTIFICATE OF COMPLETION.3. HOMEBUYER EDUCATION: PARACHUTE OFFERS PRE-PURCHASE EDUCATION FOR FIRST-TIME HOMEBUYERS. THESE SESSIONS COVER ESSENTIAL TOPICS SUCH AS THE HOME-BUYING PROCESS, FINANCING OPTIONS, AND HOME MAINTENANCE. ALL PARACHUTE HOUSING COUNSELORS ARE HUD-CERTIFIED, AND PARACHUTE HAS BEEN A HUD-APPROVED HOUSING COUNSELING AGENCY SINCE 2003. 179 CLIENTS SERVED.Expenses $247,828 · revenue $23,103
- CREDIT EDUCATION: PARACHUTE IS COMMITTED TO EMPOWERING INDIVIDUALS WITH STRONG FINANCIAL LITERACY SKILLS. RECOGNIZING THE CRITICAL NEED FOR FINANCIAL EDUCATION IN TODAY'S COMPLEX WORLD, PARACHUTE ACTIVELY PROMOTES RESPONSIBLE FINANCIAL HABITS WITHIN OUR COMMUNITY. IN 2025, PARACHUTE PARTNERED WITH 184 COMMUNITY AGENCIES AND SERVED 1,972 CLIENTS THROUGH A RANGE OF FINANCIAL OUTREACH PROGRAMS. NOTABLY, PRE- AND POST-TEST SCORES FROM OUR EDUCATIONAL PROGRAMS DEMONSTRATED AN AVERAGE IMPROVEMENT OF 18.7% IN CLIENT KNOWLEDGE. WE ARE HONORED TO BE A LEADING PROVIDER OF FINANCIAL LITERACY EDUCATION IN OUR COMMUNITY.Expenses $252,545 · revenue $49,418
- BANKRUPTCY EDUCATION: PARACHUTE IS AN APPROVED AGENCY AUTHORIZED TO ISSUE CERTIFICATES OF COMPLIANCE WITH THE BANKRUPTCY LAW. WE PROVIDE COMPREHENSIVE BANKRUPTCY COUNSELING SERVICES, INCLUDING: PRE-FILING CREDIT COUNSELING: INDIVIDUALIZED COUNSELING SESSIONS TO HELP CLIENTS UNDERSTAND THEIR OPTIONS AND MAKE INFORMED DECISIONS BEFORE FILING FOR BANKRUPTCY. DEBTOR EDUCATION COURSES: COURT-MANDATED COUNSELING THAT PROVIDES ESSENTIAL FINANCIAL EDUCATION AND PREPARE CLIENTS FOR A SUCCESSFUL FINANCIAL FUTURE AFTER BANKRUPTCY. UPON SUCCESSFUL COMPLETION OF THE REQUIRED COUNSELING OR EDUCATION COURSE, ALL BANKRUPTCY PETITIONERS WILL RECEIVE THE NECESSARY CERTIFICATE OF COUNSELING. 240 CLIENTS SERVED.Expenses $32,195 · revenue $6,915
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 | 990 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
- 16-0909583
- 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
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51Z)
- Assets (IRS master file)
- $1,359,302
- Income (IRS master file)
- $1,699,674
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,699,674 | $1,766,286 | $1,359,302 | XML |
| 990 | December 2024 | $1,689,523 | $1,813,967 | $1,517,474 | XML |
| 990 | December 2023 | $1,656,143 | $1,704,761 | $1,339,233 | XML |
| 990 | December 2022 | $1,698,417 | $1,698,094 | $1,575,678 | 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 16-0909583).
Questions about PARACHUTE CREDIT COUNSELING INC
- What is the EIN of PARACHUTE CREDIT COUNSELING INC?
- The employer identification number (EIN) of PARACHUTE CREDIT COUNSELING INC is 16-0909583.
- Is PARACHUTE CREDIT COUNSELING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to PARACHUTE CREDIT COUNSELING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARACHUTE CREDIT COUNSELING 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 PARACHUTE CREDIT COUNSELING INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARACHUTE CREDIT COUNSELING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PARACHUTE CREDIT COUNSELING INC?
- The 990 for the year ended December 31, 2025 names NOELLE CARTER.
- Who are the officers and directors of PARACHUTE CREDIT COUNSELING INC?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $135,716 (NOELLE CARTER, PRESIDENT & CEO).
- How much revenue does PARACHUTE CREDIT COUNSELING INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,699,674, expenses of $1,766,286 and total assets of $1,359,302 at year end.
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