CAMBRIDGE CREDIT COUNSELING CORP

EIN: 043337726 501(c)(3) Human Services

AGAWAM, MA

Total Revenue
$9,033,538
Total Expenses
$9,897,578
Total Assets
$12,470,961
Net Assets
$8,010,640
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
CHRISTOPHER A VIALE
Phone
4138218900
Tax Period
2024-07-01 to 2025-06-30

CAMBRIDGE CREDIT COUNSELING CORP, founded in 1996, is a community nonprofit in the Human Services sector that reported $9.0M in total revenue in fiscal year 2024.

Mission

The organization specializes in providing education and counseling services to individuals and groups who are concerned about their financial situation. If appropriate, the organization also helps individuals establish affordable and convenient debt management plans to help them repay their debts in a timely manner. As a HUD-approved housing counseling agency, the organization also provides pre- and post-purchase counseling, rental and reverse mortgage counseling, and foreclosure intervention and default counseling. The organization has also been approved by the Executive Office for U.S. Trustees to provide pre-filing credit counseling and pre-discharge debtor education to consumers filing for bankruptcy protection.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,245,887
Program Service Revenue $7,730,216
Investment Income $51,921
Other Revenue $5,514
TOTAL REVENUE $9,033,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,187,397
Fundraising Expenses $0
Program Expenses $6,914,626
Other Expenses $3,710,181
TOTAL EXPENSES $9,897,578

Year-over-Year Comparison

2024 2023 Change
Revenue $9,033,538 $8,848,641 +0.0%
Expenses $9,897,578 $9,219,415 +0.1%
Net Income $-864,040 $-370,774 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
10
Employees
90
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$628,003
Total Directors
12
$557,430
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER A VIALE President & CEO 39.00
Officer Director
$290,045 $23,062 $313,107
THOMAS HEBERT Treasurer 39.00
Officer
$175,063 $23,766 $198,829
WILLIAM SOLE GENERAL MANAGER 39.00
$120,070 $22,475 $142,545
TIMOTHY GREENMAN CREDIT COUNSELING 39.00
$98,202 $21,098 $119,300
ALFRED H COLONNA JR Chairman 25.00
Officer Director
$92,428 $23,639 $116,067
DAVID JUZBA JR HUMAN RESOURCES MG 39.00
$106,071 $692 $106,763
LIAM P REYNOLDS Director 5.00
Director
$20,500 $309 $20,809
SALVATORE PIZZANELLI CPA JD Director 5.00
Director
$18,000 $309 $18,309
JOHN DLUGOENSKI Director 5.00
Director
$14,000 $309 $14,309
DEAN O'KEEFE Director 5.00
Director
$12,500 $309 $12,809
JOHN D CONNOR ESQ Director 5.00
Director
$12,500 $309 $12,809
JENNIFER CONNOLLY Director 5.00
Director
$12,000 $309 $12,309
STEPHEN BUONICONTI ESQ Director 5.00
Director
$10,000 $309 $10,309
JULIE QUINK CPA Director 5.00
Director
$10,000 $169 $10,169
DAWN DISTEFANO Director 5.00
Director
$8,000 $212 $8,212
JAMES SHERBO Director 5.00
Director
$8,000 $212 $8,212
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $9,033,538 $9,897,578 $12,470,961 $-864,040
2024 $8,848,641 $9,219,415 $13,663,696 $-370,774
2023 $9,244,287 $7,883,983 $13,525,445 $1,360,304
2022 $7,101,425 $7,650,106 $10,545,696 $-548,681
2021 $7,932,407 $6,854,208 $10,907,095 $1,078,199
2019 $7,969,192 $7,758,809 $9,098,396 $210,383
2018 $7,409,173 $7,146,367 $8,850,051 $262,806
2018 $7,409,173 $7,146,367 $8,850,051 $262,806
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