2011-10-17T21:02:36-05:00 2010-12-31 RIBIS JONES & MARESCA PA 10500 LITTLE PATUXENT PKWY SUITE 77 COLUMBIA MD 21044 990 2010-01-01 330770440 INCHARGE DEBT SOLUTIONS INCH 4072917770 5750 MAJOR BLVD NO 175 ORLANDO FL 32819 ETTA W MONEY 4072917770 2011-10-17 1 DAVID JONES 4108840220 2010 2016-03-07 17:11:31Z X ETTA W MONEY 5750 MAJOR BLVD STE 175 ORLANDO FL 32819 20787591 0 X WWW.INCHARGE.ORG X 1997 NV IDS PROVIDES CREDIT AND HOUSING COUNSELING SERVICES TO THE GENERAL PUBLIC. THESE SERVICES INCLUDE EDUCATIONAL RESOURCES, SOLUTIONS-BASED COUNSELING, CLIENT DEBT MANAGEMENT PROGRAMS, HOMEOWNERSHIP COUNSELING, AND OTHER FINANCIAL LITERACY ACTIVITIES, INCLUDING FREE WORKSHOPS AND SEMINARS FOR THE BENEFIT OF THE GENERAL PUBLIC. 6 6 167 0 0 0 10740515 9403431 12888290 11303616 230979 80544 0 0 23859784 20787591 0 0 0 0 8770983 8947817 0 0 0 12022310 11053638 20793293 20001455 3066491 786136 8448759 8448465 926418 1162263 7522341 7286202 X IDS' MISSION IS TO PROVIDE RELIEF TO FINANCIALLY-DISTRESSED INDIVIDUALS AND FAMILIES. IDS PROVIDES CONSUMERS WITH EDUCATION AND PERSONAL FINANCIAL MANAGEMENT TOOLS THAT WILL ENABLE THEM TO USE CREDIT RESPONSIBLY AND SET A COURSE FOR A FINANCIALLY-STABLE AND SUCCESSFUL FUTURE. 1 0 13369699 CREDIT COUNSELING AND EDUCATION - THIS PROGRAM ASSISTS CONSUMERS IN MANAGING THEIR PERSONAL FINANCES THROUGH THE PROVISION OF SOLUTIONS-BASED CREDIT COUNSELING, BUDGET PLANNING AND FINANCIAL EDUCATIONAL MATERIALS. SOLUTIONS-BASED COUNSELING IS DESIGNED TO FIND THE RIGHT SOLUTION FOR EACH DEBT DISTRESSED CONSUMER. OVER 71,000 FINANCIALLY DISTRESSED INDIVIDUALS RECEIVED CREDIT COUNSELING AND FINANCIAL EDUCATIONAL MATERIALS DURING 2010. FINANCIAL EDUCATIONAL MATERIALS ASSIST CONSUMERS IN ACQUIRING AND IMPROVING MONEY MANAGEMENT SKILLS, MANAGING CREDIT AND IMPROVING CREDIT WORTHINESS. 5050939 11203022 DEBT MANAGEMENT - IDS OFFERS DEBT MANAGEMENT PROGRAMS TO ASSIST CONSUMERS IN PAYING OFF THEIR UNSECURED DEBTS AND BETTER MANAGING THEIR FINANCIAL OBLIGATIONS IN THE FUTURE. IDS PROCESSES DEBT PAYMENTS, ATTEMPTS TO SECURE A REDUCTION IN INTEREST RATES, AND ATTEMPTS TO ESTABLISH AFFORDABLE MONTHLY PAYMENTS ON THE CLIENTS' BEHALF. CLIENTS ARE PROVIDED CONTINUING EDUCATIONAL ASSISTANCE THROUGH FINANCIAL EDUCATIONAL MATERIALS AND GUIDANCE IN FINANCIAL MATTERS AS DETERMINED BY THE CLIENT'S NEEDS. 522295 100594 HOUSING COUNSELING AND EDUCATION - INCHARGE DEBT SOLUTIONS BECAME A LOCAL U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") APPROVED AGENCY IN APRIL 2010. IDS HAS ALSO ADOPTED THE NATIONAL INDUSTRY STANDARDS FOR HOMEOWNERSHIP COUNSELING EVIDENCING ITS COMMITMENT TO PROVIDE CONSISTENT, HIGH QUALITY EDUCATION AND COUNSELING TO EXISTING AND POTENTIAL HOMEOWNERS THROUGHOUT THE STATE OF FLORIDA. IDS' SERVICES INCLUDE THE FOLLOWING:1) FORECLOSURE PREVENTION/MORTGAGE DELINQUENCY COUNSELING - THIS PROGRAM IS DESIGNED TO PROVIDE EXISTING BORROWERS WITH INFORMATION AND ASSISTANCE NEEDED TO AVOID FORECLOSURE. PROGRAM HIGHLIGHTS INCLUDE BUDGET PLANNING, EVALUATION OF ELIGIBILITY FOR LOAN MODIFICATION, ASSESSMENT OF ABILITY TO SUSTAIN THE HOME AND ALTERNATIVE HOUSING OPTIONS. 2) HOMEBUYER EDUCATION WORKSHOPS - POTENTIAL HOMEOWNERS ARE ENCOURAGED TO ATTEND AN EIGHT-HOUR HOMEBUYER EDUCATION COURSE PRIOR TO PURCHASING A HOME. IN A STEP-BY-STEP PROCESS, CLASSROOM PARTICIPANTS ARE ASKED TO EXAMINE THEIR HOUSING NEEDS, ANALYZE THEIR FINANCIAL SITUATION, AND LEARN STRATEGIES TO IMPROVE FINANCIAL MANAGEMENT IN AN EFFORT TO BETTER PREPARE FOR HOMEOWNERSHIP. IN ADDITION, PARTICIPANTS LEARN HOW TO SHOP FOR A HOME, OBTAIN A MORTGAGE, AND PREPARE FOR LIFE AS A HOMEOWNER.3) PRE-PURCHASE COUNSELING - THIS PROGRAM IS DESIGNED TO ASSIST POTENTIAL BORROWERS THAT WOULD LIKE PERSONAL ONE-ON-ONE COUNSELING DURING THE HOME BUYING PROCESS. EDUCATION AND TIPS ARE PROVIDED TO ASSIST THE HOMEBUYER TO BETTER UNDERSTAND ALTERNATIVE SOURCES OF FUNDING AND MORTGAGE OPTIONS. THROUGH BUDGET PLANNING, POTENTIAL HOMEOWNERS CAN IMPROVE THEIR FINANCIAL MANAGEMENT SKILLS WITH A GOAL OF OBTAINING HOMEOWNERSHIP. 18942933 1 1 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 11 0 167 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X INCHARGE DEBT SOLUTIONS 4072917770 5750 MAJOR BLVD SUITE 175 ORLANDO FL 32819 X LONNIE RITZER 1.00 X 400 400 0 VERONICA WHITELAW 2.00 X 800 0 0 HUGH BLEDDYN 2.00 X 0 0 0 FLORENCE WATFORD 2.00 X 800 0 0 DYLAN THOMAS 2.00 X 0 0 0 JOSEPH THOMAS 2.00 X 0 0 0 WILLIAM R MALSEED 18.00 X 72609 78659 21550 JODI MCGREGOR 16.00 X 76316 109819 29505 ETTA W MONEY 20.00 X 119521 119521 54844 SORAIA DEARAUJO 32.00 X 125028 31257 14204 ROBERT DARROCH 40.00 X 103502 0 7423 MARK NAGIEL 22.00 X 69579 56929 9614 HUBERT RIVERA 24.00 X 62750 41834 6306 ALAN BLYTHE 20.00 X 53867 53867 8588 685172 492286 152034 3 0 1 0 GOOGLE 13169 COLLECTION CENTER DRIVE CHICAGO IL 60693 PUBLIC SERVICE ANNOUNCEMENT 1915797 EURO RSGG EDGE 2173 SALK AVENUE SUITE 300 CARLSBAD CA 92008 PUBLIC SERVICE ANNOUNCEMENT 1142695 ROBINSON RADIO 4991 LAKE BROOK DRIVE SUITE 190 GLEN ALLEN VA 23060 PUBLIC SERVICE ANNOUNCEMENT 866107 MARKETING ARCHITECTS 301 CARLSON PARKWAY SUITE 245 MINNEAPOLIS MN 55305 PUBLIC SERVICE ANNOUNCEMENT 660000 MASSEY COMMUNICATIONS 1736 33RD STREET ORLANDO FL 32839 PUBLIC SERVICE ANNOUNCEMENT 568647 11 9403431 9403431 CLIENT PROCESSING FEES 900099 11203022 11203022 HOUSING COUNSELING FEE 900099 100594 100594 11303616 80544 80544 20787591 11303616 0 80544 395474 98868 296606 7110682 6980178 130504 221307 208029 13278 787916 743768 44148 432438 407832 24606 24325 24325 59668 42419 17249 219140 219140 4923 4643 280 1083882 1022207 61675 520818 491184 29634 81082 76469 4613 521687 492003 29684 99799 94120 5679 PUBLIC AWARENESS 6652167 6273650 378517 DEBT MANAGEMENT AND EDU 1398651 1398651 LICENSES AND PERMITS 143621 135449 8172 TRAINING AND DEVELOPMEN 84267 79471 4796 MISCELLANEOUS 67721 63868 3853 91887 86659 5228 20001455 18942933 1058522 0 195959 1604090 248443 200011 66023 441068 35542 20106 623829 794162 6307187 6296520 150920 10667 6662896 5016161 465147 362200 8448759 8448465 577893 876412 336248 285851 12277 0 926418 1162263 X 7522341 7198202 88000 7522341 7286202 8448759 8448465 X 786136 -1022275 X X 0 1 1 X 0 X 38151049 33016163 12091338 10740515 9403431 103402496 38151049 33016163 12091338 10740515 9403431 103402496 33955362 69447134 464284 506345 248994 230979 80544 1531146 104933642 39135463 0.66180 0.78700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 6307187 6296520 10667 10667 20787591 20001455 786136 -52969 -969306 -1022275 -236139 20787591 0 20787591 0 20787591 20001455 0 20001455 0 20001455 PART IV, LINE 2B: FUNDS RECEIVED FROM CLIENTS PARTICIPATING IN THE DEBT MANAGEMENT PROGRAM ARE HELD IN VARIOUS SEPARATE FBO BANK ACCOUNTS UNTIL THEY ARE DISTRIBUTED TO CREDITORS AND CONTRIBUTIONS AND FEES ARE DISBURSED TO IDS. CERTAIN STATES REQUIRE THAT CASH ACCOUNTS BE HELD IN THE SAME STATE THAT FUNDS ARE RECEIVED. ALL RESTRICTED CASH ACCOUNTS ARE NOT AVAILABLE FOR IDS' OPERATING EXPENSES OR CREDITORS OF IDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IDS BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: DISTRIBUTED NET ASSETS TO AFFILIATES 0 0 0 0 0 0 0 0 0 WILLIAM R MALSEED 65361 70807 4800 5200 2448 2652 5235 5671 5109 5535 82953 89865 0 0 JODI MCGREGOR 71490 102875 2050 2950 2776 3994 5782 8321 6315 9087 88413 127227 0 0 ETTA W MONEY 106380 106380 7500 7500 5641 5641 14452 14452 12970 12970 146943 146943 0 0 SORAIA DEARAUJO 112228 28057 8000 2000 4800 1200 8962 2241 2401 600 136391 34098 0 0 SUPPLEMENTAL INFORMATION PART III PART I, QUESTION 3: THE COMPENSATION COMMITTEE OF INCHARGE INSTITUTE OF AMERICA, AN AFFILIATED ENTITY, PERFORMS THE FOLLOWING TO ESTABLISH THE COMPENSATION OF INCHARGE DEBT SOLUTIONS' CEO/EXECUTIVE DIRECTOR: 1) ENGAGES THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT 2) REVIEWS THE FORM 990 OF OTHER ORGANIZATIONS 3) SOLICITS A COMPENSATION SURVEY OR STUDY 4) SEEKS APPROVAL OF COMPENSATION BY THE BOARD OF TRUSTEES NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 HOUSING COUNSELING AND EDUCATION - INCHARGE DEBT SOLUTIONS BECAME A LOCAL U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") APPROVED AGENCY IN APRIL 2010. IDS HAS ALSO ADOPTED THE NATIONAL INDUSTRY STANDARDS FOR HOMEOWNERSHIP COUNSELING EVIDENCING ITS COMMITMENT TO PROVIDE CONSISTENT, HIGH QUALITY EDUCATION AND COUNSELING TO EXISTING AND POTENTIAL HOMEOWNERS THROUGHOUT THE STATE OF FLORIDA. IDS' SERVICES INCLUDE THE FOLLOWING: 1) FORECLOSURE PREVENTION/MORTGAGE DELINQUENCY COUNSELING - THIS PROGRAM IS DESIGNED TO PROVIDE EXISTING BORROWERS WITH INFORMATION AND ASSISTANCE NEEDED TO AVOID FORECLOSURE. PROGRAM HIGHLIGHTS INCLUDE BUDGET PLANNING, EVALUATION OF ELIGIBILITY FOR LOAN MODIFICATION, ASSESSMENT OF ABILITY TO SUSTAIN THE HOME AND ALTERNATIVE HOUSING OPTIONS. 2) HOMEBUYER EDUCATION WORKSHOPS - POTENTIAL HOMEOWNERS ARE ENCOURAGED TO ATTEND AN EIGHT-HOUR HOMEBUYER EDUCATION COURSE PRIOR TO PURCHASING A HOME. IN A STEP-BY-STEP PROCESS, CLASSROOM PARTICIPANTS ARE ASKED TO EXAMINE THEIR HOUSING NEEDS, ANALYZE THEIR FINANCIAL SITUATION, AND LEARN STRATEGIES TO IMPROVE FINANCIAL MANAGEMENT IN AN EFFORT TO BETTER PREPARE FOR HOMEOWNERSHIP. IN ADDITION, PARTICIPANTS LEARN HOW TO SHOP FOR A HOME, OBTAIN A MORTGAGE, AND PREPARE FOR LIFE AS A HOMEOWNER. 3) PRE-PURCHASE COUNSELING - THIS PROGRAM IS DESIGNED TO ASSIST POTENTIAL BORROWERS THAT WOULD LIKE PERSONAL ONE-ON-ONE COUNSELING DURING THE HOME BUYING PROCESS. EDUCATION AND TIPS ARE PROVIDED TO ASSIST THE HOMEBUYER TO BETTER UNDERSTAND ALTERNATIVE SOURCES OF FUNDING AND MORTGAGE OPTIONS. THROUGH BUDGET PLANNING, POTENTIAL HOMEOWNERS CAN IMPROVE THEIR FINANCIAL MANAGEMENT SKILLS WITH A GOAL OF OBTAINING HOMEOWNERSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER, AUDIT COMMITTEE OF INCHARGE INSTITUTE OF AMERICA, AND THE PRESIDENT OF THE ORGANIZATION, REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ON A CONFLICT OF INTEREST FORM THAT IS COMPLETED ANNUALLY. POTENTIAL CONFLICTS ARE TO BE REPORTED TO THE ORGANIZATION AS SOON AS KNOWN. FOLLOW UP IS PERFORMED TO ENSURE ALL CONFLICT OF INTEREST FORMS ARE RECEIVED. FORM 990, PART VI, SECTION B, LINE 15 INCHARGE INSTITUTE OF AMERICA, AN AFFILIATED ENTITY, HAS A SEPARATE BOARD APPOINTED COMPENSATION COMMITTEE THAT DETERMINES THE SALARY OF THE OFFICERS OF INCHARGE DEBT SOLUTIONS ON AN ANNUAL BASIS. COMPARABILITY DATA AND PERFORMANCE IS REVIEWED FOR OFFICERS ANNUALLY. ON A REGULAR BASIS, AN INDEPENDENT COMPENSATION CONSULTANT MAY BE USED TO PERFORM A COMPENSATION SURVEY OR STUDY. KEY EMPLOYEES MAY RECEIVE INCREASES AND ARE ELIGIBLE FOR EXCEPTIONAL PERFORMANCE INCREASES BASED ON PERFORMANCE. PERIODICALLY, KEY EMPLOYEES' SALARIES ARE COMPARED TO MARKET DATA. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AS VALID REQUESTS ARE RECEIVED. FORM 990, PART VII, SECTION A, COLUMN (B) AVERAGE HOURS PER WEEK FOR RELATED ORGANIZATIONS: WILLIAM MALSEED - INCHARGE INSTITUTE OF AMERICA, 8 HOURS; INCHARGE EDUCATION FOUNDATION, 13 HOURS; INCHARGE HOUSING COUNSELING SERVICES, 1 HOUR. ETTA MONEY - INCHARGE INSTITUTE OF AMERICA, 10 HOURS; INCHARGE EDUCATION FOUNDATION, 10 HOURS. JODI MCGREGOR - INCHARGE INSTITUTE OF AMERICA, 16 HOURS; INCHARGE EDUCATION FOUNDATION, 7 HOURS; INCHARGE HOUSING COUNSELING SERVICES, 1 HOUR. SORAIA DEARAUJO - INCHARGE HOUSING COUNSELING SERVICES, 2 HOURS; INCHARGE EDUCATION FOUNDATION, 6 HOURS. ALAN BLYTHE - INCHARGE EDUCATION FOUNDATION, 20 HOURS. MARK NAGIEL - INCHARGE INSTITUTE OF AMERICA, 10 HOURS; INCHARGE EDUCATION FOUNDATION, 8 HOURS. LONNIE RITZER - INCHARGE INSTITUTE OF AMERICA, 1 HOUR. HUBERT RIVERA - INCHARGE INSTITUTE OF AMERICA, 6 HOURS; INCHARGE EDUCATION FOUNDATION, 10 HOURS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -52,969. DISTRIBUTED NET ASSETS TO AFFILIATES -969,306. TOTAL TO FORM 990, PART XI, LINE 5: -1,022,275. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE OF INCHARGE INSTITUTE OF AMERICA, AN AFFILIATED ENTITY, IS RESPONSIBLE FOR SELECTING AN INDEPENDENT ACCOUNTANT AND OVERSEEING THE AUDIT OF INCHARGE DEBT SOLUTIONS' FINANCIAL STATEMENTS ON AN ANNUAL BASIS. THE PROCESS HAS NOT CHANGED DURING THE TAX YEAR. INCHARGE INSTITUTE OF AMERICA INC 5750 MAJOR BLVD SUITE 300 ORLANDO FL 32819 522196183 GENERAL AND ADMINISTRATIVE SUPPORT SERVICES DE 501(C)(3) LINE 11C, III-FI N/A 0 INCHARGE EDUCATION FOUNDATION INC 5750 MAJOR BLVD SUITE 310 ORLANDO FL 32819 200152720 DEVELOP FINANCIAL EDUCATIONAL MATERIALS AND RESOURCES DE 501(C)(3) LINE 11B, II INCHARGE INSTITUTE OF AMERICA INC 0 INCHARGE HOUSING COUNSELING SERVICES INC 5750 MAJOR BLVD SUITE 175 ORLANDO FL 32819 010586613 HOUSING COUNSELING SERVICES MD 501(C)(3) LINE 9 INCHARGE INSTITUTE OF AMERICA INC 0 NATIONAL CREDIT COUNSELING SERIVCES INC 5750 MAJOR BLVD SUITE 300 ORLANDO FL 32819 521799746 INACTIVE MD INCHARGE INSTITUTE OF AMERICA INC C 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0