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AMERICAN DEBT RESOURCES INC
MELVILLE, NY · EIN 113603198 · Form 990 · FY2024 · NTEE P51 · Human Services · Small ($100K-$1M) · americandebtresources.com
revenue
$536K
expenses
$535K
net assets
$329K
employees
6
program ratio
46%
mission · from form 990

TO ASSIST INDIVIDUALS WHO ARE EXPERIENCING FINANCIAL DIFFICULTIES THROUGH PROFESSIONAL CREDIT AND HOUSING COUNSELING SERVICES.

profile · synthesized from sources

American Debt Resources, Inc. provides professional credit and housing counseling services to individuals experiencing financial difficulties. Based in New York and operating since 2001, the organization offers budget planning, foreclosure prevention, reverse mortgage counseling, and home buyer education. As a nonprofit, it aims to empower clients with financial knowledge and tools for long-term stability.

named programs · 6 · from sources

What they call their work

Bankruptcy Counseling
Offers required pre-bankruptcy and post-discharge financial counseling to individuals navigating bankruptcy proceedings.
Budget Planning and Credit Report Review
Provides clients with tools and resources to track spending, reduce costs, and improve credit health through personalized budget planning and credit report analysis.
Debt Management Plans
Provides structured plans to help individuals consolidate and manage unsecured debt under certified counseling supervision.
Foreclosure Prevention Counseling
Provides one-on-one and telephone counseling to help homeowners understand their options, avoid scams, and take action to prevent loss of their homes.
Home Buyer Education
Offers education programs for first-time home buyers covering affordability, mortgage approval, loan options, and key professionals involved in home purchasing.
Reverse Mortgage Counseling
Offers professional guidance on reverse mortgages, including eligibility, payment options, and long-term financial implications, to support informed retirement decisions.
activities · 2 groups

What they do

  • Financial Coaching and Credit Counseling 1 activity
    • Deliver financial education and credit counseling
      Provides financial education, credit counseling, debt management planning, and bankruptcy counseling, including detailed credit report reviews and budget planning services. Clients are supported in creating practical budgets, with tools such as detailed budget worksheets and a three-month budget test period to ensure feasibility.
  • First-Time Homebuyer Support Services 1 activity
    • Provide housing counseling services
      Offers professional housing counseling in New York, including pre-purchase and post-purchase education, foreclosure prevention, and reverse mortgage guidance to help individuals regain financial stability and make informed homeownership decisions. Services include one-on-one and telephone counseling with a response within three hours of application.
financials · form 990 · fy2024
revenue
Total revenue$536K
Contributions & grants$514K96%
Program service revenue$22K4%
Investment income$2960%
Other revenue$0
expenses
Total expenses$535K
Program expenses46%
Admin / overhead54%
Fundraising0%
Salaries & benefits$407K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$438K
Cash$264K
Investments$0
Liabilities$108K
Net assets$329K
Liquid reserves5.9 mo
5 years on record · 2020–2024 · YoY revenue -6.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
CHRISTIAN MORIARTY President 40 $129K
board members · 3
  • LLOYD ANDERSON — Board Member
  • STEPHEN DUNAT — Secretary
  • WILLIAM DELIBERTI — Vice President
relationships · 4

Who they work with

  • ADR Partner — Referred to by clients as the organization providing debt consolidation and financial counseling services
  • Better Business Bureau Partner — Referenced as a resource for checking complaints against mortgage professionals.
  • British Standards Institution Partner — Accredits American Debt Resources, Inc. as a Credit Counseling agency under ISO 9001:2008 standards.
  • nation’s largest banks Partner — Collaborates with leading banks to secure benefits and provide effective housing counseling.
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Integrated Financial Education and Counseling
    methodology: financial-education-and-counseling
    By combining financial education with one-on-one counseling, the organization improves financial literacy and decision-making, because integrated learning and personalized support empower individuals to understand and act on complex financial choices.
  • Integrated Financial Review Combining Budgeting and Credit Literacy
    methodology: integrated-financial-review
    By merging budget planning with credit report review, the organization promotes holistic financial health, because understanding both cash flow and credit history enables more informed and sustainable financial behaviors.
  • Personalized Financial Counseling for Long-Term Stability
    methodology: personalized_financial_counseling
    By delivering customized financial guidance based on individual circumstances, the organization helps clients develop realistic and sustainable financial strategies, because personalized support increases client ownership and adherence to debt-free living.
  • Structured Financial Skill-Building Through Test-Drive Budgeting
    methodology: budget-test-drive
    By implementing a three-month "test drive" of budget plans, the organization ensures financial strategies are practical and sustainable, because experiential learning allows clients to adjust habits in real time before long-term commitment.