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NFP of NOTE: Momentive Consumer Credit Counseling Services

December 1, 2008


Momentive Consumer Credit Counseling Services


615 N. Alabama St., Suite 134
Phone: (317) 266-1300; toll-free: (888) 711-7227
Fax: (317) 266-1315
Web site: www.momentive.org
Founded: 1964
Paid employees: 26
Highest-paid staff member: Kathryn Perron, president, $70,000
Top volunteers: Momentive does not use volunteers.

MISSION
                    
Change lives by helping people gain financial stability through education and counseling.

BOARD OF DIRECTORS

Chip McLean, chairman
Senghor Manns, treasurer
Ann Summer, secretary
Linda R. Carmody, past chairwoman
Michael Mackin
Andrew Mattingly
Mildred A. Motley
Curt Wiley

PROGRAMS

Budget counseling: helps families and individuals establish budgets, set financial goals, learn about savings and checking accounts
Debt management: sets up repayment programs with unsecured creditors, establishes lower monthly payments, allows repayment of entire debt in 60 months or less, provides an alternative to bankruptcy
Pre-filing bankruptcy counseling and education: as approved by the U.S. Department of Justice
Housing counseling: educates consumers before or after buying a home, or reverse mortgage, includes foreclosure prevention
Consumer credit: interprets reports, resolves disputes, or corrects reports to improve credit scores

FUND-RAISER

none


FINANCIAL PROFILE

2007 income: $1,643,343
2007 expenses: $1,689,955
2007 assets: $289,245

2008 projected income: $1,705,327
2008 projected expenses: $1,671,169
Fiscal year begins: Jan. 1

2007 income

Contributions: 32 percent
Grants: 33 percent
Fees: 35 percent

2007 expenses

Salaries and benefits: 61 percent
Rent/utilities: 29 percent
Supplies: 7 percent
Certification education: 3 percent

 

Source: XMLAr02601.xml
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