Overview
What is Cambridge Credit Counseling Corp?
Cambridge Credit Counseling Corp is a nonprofit organization based in Agawam, Massachusetts, dedicated to providing financial education and counseling services. With a team of 41 certified counselors, the organization offers individualized sessions to help individuals assess their financial circumstances, identify the best course of action, and develop budgeting plans. They provide these services at no cost, utilizing Trans Union to review credit reports and offering access to educational materials. If debt management plans are necessary, Cambridge assists in creating affordable repayment plans and offers ongoing support through post-counseling sessions. Additionally, the organization provides housing counseling, bankruptcy education, and pre- and post-purchase counseling as a HUD-approved agency. Between 2022 and 2023, they offered counseling services to over 18,000 individuals, helping many establish positive payment histories and financial goals.
Official website here: www.cambridgecredit.org
Is Cambridge Credit Counseling Corp legitimate?
Cambridge Credit Counseling Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Credit Counseling Corp 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.
Here are some key statistics you may want to consider:
Executive Compensation: $1,025,569
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,183,653
For more financial information, click here
Official website here: www.cambridgecredit.org
What is the mission statement of Cambridge Credit Counseling Corp?
Cambridge Credit Counseling Corp is dedicated to offering educational and counseling services to individuals and groups struggling with financial concerns. If necessary, the organization assists in creating affordable and manageable debt repayment plans. As a HUD-approved housing counseling agency, they provide pre- and post-purchase counseling, rental, reverse mortgage, and foreclosure intervention services. Furthermore, they have been authorized by the Executive Office for U.S. Trustees to offer pre-filing credit counseling and pre-discharge debtor education to consumers seeking bankruptcy protection.
Official website here: www.cambridgecredit.org
Who is the CEO of Cambridge Credit Counseling Corp?
Christopher A Viale is the President & Ceo of Cambridge Credit Counseling Corp. The CEO's salary of Cambridge Credit Counseling Corp is $303,321 and their total compensation is $333,890.
Official website here: www.cambridgecredit.org
What is the revenue of Cambridge Credit Counseling Corp?
Cambridge Credit Counseling Corp's revenue in 2023 was $9,244,287.
Official website here: www.cambridgecredit.org
Who are the executives of Cambridge Credit Counseling Corp and what are their salaries?
The average compensation at Cambridge Credit Counseling Corp during 2023 was $50,110. There are 84 employees at Cambridge Credit Counseling Corp.
Here are 14 key members and their salaries (Cambridge Credit Counseling Corp's CEO's salary is $303,321 and their total compensation is $333,890):
- Christopher A Viale (President & Ceo) [Trustee/Director]
- Thomas Hebert (Treasurer)
- William Sole (General Manager)
- Timothy Greenman (Credit Counseling)
- Alfred H Colonna Jr (Chairman) [Trustee/Director]
- David Juzba Jr (Human Resources Mg)
- Liam P Reynolds (Director)
- John Krawczynski Cpa (Director)
- John Dlugoenski (Director)
- Salvatore Pizzanelli Cpa Jd (Director)
- Dean O'Keefe (Director)
- John D Connor Esq (Director)
- Jennifer Connolly (Director)
- Stephen Buoniconti Esq (Director)
Official website here: www.cambridgecredit.org
Where can I find the form 990 for Cambridge Credit Counseling Corp?
The Cambridge Credit Counseling Corp’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.cambridgecredit.org
Learn more at the official website: www.cambridgecredit.org
Mission Statement of Cambridge Credit Counseling Corp
Cambridge Credit Counseling Corp is dedicated to assisting individuals and groups who express concerns about their financial well-being. The organization's primary mission involves offering educational and counseling services to help these individuals manage their debts effectively. If necessary, the corporation facilitates the creation of debt management plans, enabling debtors to repay their obligations in a structured and timely manner.
As a recognized HUD-approved housing counseling agency, Cambridge Credit Counseling Corp extends its services to include pre- and post-purchase counseling, rental, and reverse mortgage counseling. Moreover, the organization provides support during foreclosure intervention and default situations. Additionally, the Executive Office for U.S. Trustees has granted the corporation approval to offer pre-filing credit counseling and pre-discharge debtor education to consumers seeking bankruptcy protection. By providing these comprehensive financial services, Cambridge Credit Counseling Corp empowers individuals to regain financial stability and control over their monetary situation.
Impact
This information is meant to be a general summary of Cambridge Credit Counseling Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Cambridge Credit Counseling Corp's impact is evident through its provision of individualized educational financial counseling services to individuals who are seeking assistance with their financial situation. By offering comprehensive evaluations of individuals' financial circumstances and creating customized Action Plans, Cambridge empowers individuals to make informed financial decisions and take steps towards managing their debts effectively. The organization's debt management program has been instrumental in helping individuals establish affordable repayment plans, resulting in improved credit profiles and reduced risks of bankruptcy filings.
Furthermore, Cambridge's post-counseling follow-up program ensures that individuals continue to receive support and guidance, leading to positive outcomes such as tracking expenses, developing budgets, and establishing positive payment histories. The organization's dedication to financial education is reflected in its provision of free educational materials and tools to individuals, even those who do not enroll in the debt management program.
Overall, Cambridge Credit Counseling Corp's impact can be seen in the positive financial changes and behaviors exhibited by individuals who have utilized its services, ultimately contributing to their long-term financial well-being.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FAIR SHARE REVENUE
Revenue
$1,375,521
HOUSING COUNSELING REVENU
Revenue
$450,063
INITIAL FEES
Revenue
$137,418
PROGRAM SERVICE FEES
Revenue
$2,880,854
STUDENT LOAN FEES
Revenue
$35,254
Organization Details
Founding Year
1996
Phone
(413) 821-8900
Principal Officer
Christopher A Viale
Main Address
67 HUNT STREET 305, AGAWAM, MA, 01001
Website
www.cambridgecredit.org
NTEE Category
Code: P51 - Human services
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