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Nonprofit · EIN 65-0923483

DEBT MANAGEMENT CREDIT COUNSELING CORP

Tax-exempt · PLANTATION, FL 33324

Financials

$1.8M$2M2023$1.6M$1.9M2024
Revenue Expenses · by fiscal year end
Financials of DEBT MANAGEMENT CREDIT COUNSELING CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,642,383$1,884,752-$242,369$237,404$569,447-$332,043
December 31, 2023990$1,828,590$2,021,848-$193,258$885,350$971,122-$85,772
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$95,805
of which government grants
$95,805
Program service revenue
$1,546,578
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$158,977
Other salaries and wages
$747,672
Salaries, compensation and benefits (total)
$1,160,221
Professional fundraising fees
$0
Legal fees
$600
Accounting fees
$19,800
Occupancy
$49,188
Travel
$18,939
Depreciation
$8,400
Program services (functional)
$1,521,198
Management and general (functional)
$363,554

Balance sheet and other

Total assets, start of year
$885,447
Total assets, end of year
$237,404
Total liabilities, end of year
$569,447
Net assets, end of year
-$332,043
Land, buildings and equipment
$10,375
Net assets without donor restrictions
-$332,043
Gross receipts
$1,642,383
Employees
16
Volunteers
3
Year formed
1999
State of legal domicile
FL

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.

NameTitleHours / weekCompensationOther / benefits
PHIL HEINEMANNPRESIDENT EXEC DIRECTOR
Trustee or director, Officer
40$158,977$26,801
JOHN ALEMANDIRECTOR
Trustee or director
0$0$0
CAROL O'BRIENSECRETARY
Trustee or director, Officer
0$0$0
WILLIAM KALAFTREASURER
Trustee or director, Officer
0$0$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationOther / benefits
PHIL HEINEMANNPRESIDENT/EXEC DIRECTOR
Trustee or director, Officer
40$157,310$25,883
JOHN ALEMANDIRECTOR
Trustee or director
0$0$0
CAROL O'BRIENSECRETARY
Trustee or director, Officer
0$0$0
SHANNON SCHAFFERVICE PRESIDENT
Trustee or director, Officer
0$0$0
WILLIAM KALAFTREASURER
Trustee or director, Officer
0$0$0

Address and contacts

Address (IRS master file)
2 S UNIVERSITY DR STE 326, PLANTATION, FL 33324-3307
Principal officer (990 for 2024)
Phil Heinemann, 1330 SE 4TH AVE STE F, FT LAUDERDALE, FL 33316
Signed the 990
PHIL HEINEMANN, EXECUTIVE DIRECTOR
Phone
(954) 415-8366

Mission

OUR MISSION IS TO PROVIDE CONSUMERS EDUCATION AND BUDGET COUNSELING TO IMPROVE THEIR FINANCIAL LITERACY AND ASSIST THEM IN THE MANAGEMENT OF THEIR PERSONAL FINANCES. WE ARE COMMITTED TO PROVIDING CREDIT COUNSELING THROUGH EDUCATIONAL PROGRAMS AND MATERIALS PERSONAL BUDGETING HOUSING COUNSELING AND DEBT MANAGEMENT PLANS TO FINANCIALLY DISTRESSED CONSUMERS WHILE MAINTAINING FISCAL INTEGRITY AND UTILIZING THE HIGHEST QUALITY STANDARDS IN THE INDUSTRY.

990 for the year ended December 31, 2024

Program accomplishments

  • COUNSELING & EDUCATION:THE ORGANIZATIONS COUNSELING AND EDUCATION PROGRAMS FOCUS ON THE MANAGING OF CREDIT AND DEBT BUDGETING OF PERSONAL FINANCES AND HOUSING ISSUES. COUNSELING AND EDUCATION SERVICES ARE PRIMARILY PROVIDED THROUGH FACE-TO-FACE AND TELEPHONE COUNSELING SESSIONS ONSITE SEMINARS AND WORKSHOPS AT SCHOOLS COMMUNITY CENTERS AND BUSINESSES ONLINE EDUCATIONAL COURSES AND THE DISTRIBUTION OF FREE EDUCATIONAL MATERIALS. THE ORGANIZATION IS APPROVED BY HUD TO PROVIDE COMPREHENSIVE HOUSING COUNSELING TO RESIDENTS OF FLORIDA INCLUDING PRE-PURCHASE COUNSELING AND HOMEBUYER EDUCATION NON-DELINQUENCY POST PURCHASE COUNSELING MORTGAGE DELINQUENCY AND DEFAULT RESOLUTION COUNSELING FINANCIAL LITERACY EDUCATIONAL WORKSHOPS REVERSE MORTGAGE COUNSELING AND HOMELESS COUNSELING SERVICES.SPECIFIC PROGRAM ACCOMPLISHMENTS ACHIEVED WERE AS FOLLOWS: DMCC CONDUCTED FINANCIAL EDUCATION SEMINARS AND WORKSHOPS FOR APPROXIMATELY 500 INDIVIDUALS FOR FIRST-TIME HOMEBUYERS NONPROFIT COMMUNITY ORGANIZATIONS AND EMPLOYERS THROUGHOUT THE STATE OF FLORIDA. DMCC DISSEMINATED FREE FINANCIAL LITERATURE AND EDUCATIONAL MATERIALS TO ITS CLIENTS AND THE GENERAL PUBLIC THROUGH SEMINARS THE U.S. MAIL EMAIL AND ITS WEBSITES. EDUCATIONAL PAGES ON DMCC WEBSITES WERE VIEWED BY APPROXIMATELY 24,000 VISITORS DURING 2024. DMCC PROVIDED PERSONAL FINANCIAL COUNSELING TO APPROXIMATELY 3,000 CONSUMERS OF WHICH 1,400 WERE ENROLLED IN A DMCC PROGRAM. DMCC WAS AWARDED GRANTS TOTALING 95,805 TO PROVIDE HOUSING COUNSELING AND FINANCIAL LITERACY EDUCATION INCLUDING PRE-PURCHASE HOME BUYING POST-PURCHASE HOME OWNERSHIP FORECLOSURE AND RENTAL EVICTION PREVENTION AND HOMELESS ASSISTANCE. DURING THE HUD 2024 FISCAL YEAR DMCC PROVIDED HOUSING COUNSELING SERVICES TO APPROXIMATELY 960 INDIVIDUALS AND FAMILIES.
    Expenses $1,123,217 · revenue $40,422
  • DEBT MANAGEMENT PLANS:THE ORGANIZATIONS DEBT MANAGEMENT PLAN PROGRAM CONSISTS OF THE NEGOTIATION AND SERVICING OF REPAYMENT PLANS WITH CREDITORS ON BEHALF OF CONSUMER DEBTORS. THE PROVISION OF SUCH SERVICES IS REGULATED BY THE U.S. INTERNAL REVENUE SERVICE MOST STATES AND THE MAJOR BANKS PROVIDING THE UNDERLYING DEBT MANAGEMENT PLAN BENEFITS. REGULATIONS INCLUDE FEE RESTRICTIONS BONDING AND INSURANCE BANKING REQUIREMENTS PRIVACY AND SECURITY POLICIES AND CONTROLS ACCREDITATION AND CERTIFICATION OF THE ORGANIZATION ITS MANAGEMENT AND EMPLOYEES AND ANNUAL LICENSING AND REPORTING. THE ORGANIZATION IS ALSO SUBJECT TO PERIODIC AUDITS BY THESE REGULATING ENTITIES.SPECIFIC PROGRAM ACCOMPLISHMENTS ACHIEVED WERE AS FOLLOWS: DMCC SERVICED DEBT MANAGEMENT PLANS FOR APPROXIMATELY 5,000 CLIENTS OF WHICH AN ESTIMATED 75% WERE LOW-MODERATE HOUSEHOLDS EARNING LESS THAN 80% OF THEIR AREA MEDIAN INCOME BASED ON GUIDELINES PUBLISHED BY THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES. DMCC DISBURSED OVER 15 MILLION IN DEBT REPAYMENTS TO THE CREDITORS OF ITS DEBT MANAGEMENT PLAN CLIENTS. DMCC SUCCESSFULLY COMPLETED OVER 1,300 DEBT MANAGEMENT PLAN ACCOUNTS FOR CLIENTS WHO REPAID THEIR ENROLLED DEBTS IN FULL.
    Expenses $397,981 · revenue $1,601,962

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
65-0923483
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
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P51)
Assets (IRS master file)
$237,404
Income (IRS master file)
$1,642,383

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,642,383$1,884,752$237,404IRS
990December 2023$1,828,590$2,021,848$885,350XML
990December 2022$1,643,886$1,913,802$1,097,063IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 65-0923483).

Questions about DEBT MANAGEMENT CREDIT COUNSELING CORP

What is the EIN of DEBT MANAGEMENT CREDIT COUNSELING CORP?
The employer identification number (EIN) of DEBT MANAGEMENT CREDIT COUNSELING CORP is 65-0923483.
Is DEBT MANAGEMENT CREDIT COUNSELING CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to DEBT MANAGEMENT CREDIT COUNSELING CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DEBT MANAGEMENT CREDIT COUNSELING CORP 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 DEBT MANAGEMENT CREDIT COUNSELING CORP 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 DEBT MANAGEMENT CREDIT COUNSELING CORP 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 DEBT MANAGEMENT CREDIT COUNSELING CORP?
The 990 for the year ended December 31, 2024 names Phil Heinemann.
Who are the officers and directors of DEBT MANAGEMENT CREDIT COUNSELING CORP?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $158,977 (PHIL HEINEMANN, PRESIDENT EXEC DIRECTOR).
How much revenue does DEBT MANAGEMENT CREDIT COUNSELING CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,642,383, expenses of $1,884,752 and total assets of $237,404 at year end.

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