2025-02-14T09:53:40-06:00 2024-12-31 161131146 BONADIO & CO LLP 100 CORPORATE PARKWAY SUITE 200 AMHERST NY 14226 990 2024-01-01 160909583 PARACHUTE CREDIT COUNSELING INC PARA 7167122060 40 GARDENVILLE PARKWAY 300 WEST SENECA NY 14224 NOELLE CARTER PRESIDENT & CHIEF EXECUTIVE OFFICER 7167122060 2025-02-14 1 0 JUSTIN N REID P01321869 7162506600 2025-02-14 2024 2025-03-06 01:10:19Z NOELLE CARTER 40 GARDENVILLE PARKWAY 300 WEST SENECA NY 14224 1689523 0 X PARACHUTECREDITCOUNSELING.ORG X 1965 NY THE ORGANIZATION'S MISSION IS TO PROVIDE THE COMMUNITY WITH THE BEST STRATEGIES TO MASTER THEIR CREDIT. 10 10 23 14 0 0 540582 570993 1111471 1078396 0 35247 4090 4887 1656143 1689523 0 0 0 0 1077624 1190861 0 0 0 627137 623106 1704761 1813967 -48618 -124444 1339233 1517474 183086 452719 1156147 1064755 X THE ORGANIZATION'S MISSION IS TO PROVIDE THE COMMUNITY WITH THE BEST STRATEGIES TO MASTER THEIR CREDIT. 0 0 1162006 1027919 CREDIT COUNSELING: PARACHUTE CREDIT COUNSELING OFFERS COMPREHENSIVE DEBT MANAGEMENT SOLUTIONS. WHILE THE CREDIT COUNSELING AND DEBT MANAGEMENT INDUSTRY INCLUDES VARIOUS PROVIDERS, PARACHUTE DISTINGUISHES ITSELF BY PRIORITIZING CLIENT EDUCATION AND LONG-TERM FINANCIAL WELL-BEING. WE BELIEVE IN EMPOWERING INDIVIDUALS WITH THE KNOWLEDGE AND TOOLS THEY NEED TO ACHIEVE FINANCIAL FREEDOM, RATHER THAN SIMPLY OFFERING QUICK FIXES. OUR SERVICES: CONFIDENTIAL FINANCIAL COUNSELING: CLIENTS CAN SCHEDULE A CONFIDENTIAL CONSULTATION WITH A CERTIFIED FINANCIAL COUNSELOR TO DISCUSS THEIR UNIQUE FINANCIAL SITUATION. PERSONALIZED BUDGET ANALYSIS: OUR COUNSELORS CONDUCT THOROUGH BUDGET ANALYSES TO IDENTIFY AREAS FOR IMPROVEMENT AND DEVELOP CUSTOMIZED FINANCIAL PLANS. DEBT MANAGEMENT PLANS (DMPS): FOR ELIGIBLE CLIENTS, WE OFFER DMPS THAT MAY INCLUDE: REDUCED MONTHLY PAYMENTS: LOWERING OVERALL MONTHLY DEBT OBLIGATIONS. REDUCED INTEREST RATES AND FEES: NEGOTIATING LOWER INTEREST RATES AND ELIMINATING OR REDUCING FEES CHARGED BY CREDITORS. PARACHUTE IS COMMITTED TO PROVIDING HIGH-QUALITY, CLIENT-CENTERED SERVICES THAT EMPOWER INDIVIDUALS TO ACHIEVE LONG-TERM FINANCIAL STABILITY. 1,704 CLIENTS SERVED. 250830 3437 THE HOUSING PROGRAMMING PARACHUTE CREDIT COUNSELING OFFERS A RANGE OF HOUSING SERVICES, PRIMARILY FOCUSED ON: 1. FORECLOSURE PREVENTION: THIS SERVICE, FUNDED BY FEDERAL AND STATE GRANTS, ASSISTS HOMEOWNERS FACING MORTGAGE DELINQUENCY. PARACHUTE COUNSELORS WORK CLOSELY WITH LENDERS TO EXPLORE OPTIONS FOR CURING THE DELINQUENCY. 2. REVERSE MORTGAGE (HECM) COUNSELING: PARACHUTE PROVIDES MANDATORY COUNSELING SESSIONS FOR INDIVIDUALS CONSIDERING A REVERSE MORTGAGE. THESE SESSIONS EDUCATE CLIENTS ON THE INTRICACIES OF HECM LOANS, INCLUDING POTENTIAL RISKS AND BENEFITS, AND ARE REQUIRED TO OBTAIN A CERTIFICATE OF COMPLETION.3. HOMEBUYER EDUCATION: PARACHUTE OFFERS PRE-PURCHASE EDUCATION FOR FIRST-TIME HOMEBUYERS. THESE SESSIONS COVER ESSENTIAL TOPICS SUCH AS THE HOME-BUYING PROCESS, FINANCING OPTIONS, AND HOME MAINTENANCE. ALL PARACHUTE HOUSING COUNSELORS ARE HUD-CERTIFIED, AND PARACHUTE HAS BEEN A HUD-APPROVED HOUSING COUNSELING AGENCY SINCE 2003. 114 CLIENTS SERVED. 248454 39680 CREDIT EDUCATION: PARACHUTE IS COMMITTED TO EMPOWERING INDIVIDUALS WITH STRONG FINANCIAL LITERACY SKILLS. RECOGNIZING THE CRITICAL NEED FOR FINANCIAL EDUCATION IN TODAY'S COMPLEX WORLD, PARACHUTE ACTIVELY PROMOTES RESPONSIBLE FINANCIAL HABITS WITHIN OUR COMMUNITY. IN 2024, PARACHUTE PARTNERED WITH 46 COMMUNITY AGENCIES AND SERVED 2,070 CLIENTS THROUGH A RANGE OF FINANCIAL OUTREACH PROGRAMS. NOTABLY, PRE- AND POST-TEST SCORES FROM OUR EDUCATIONAL PROGRAMS DEMONSTRATED AN AVERAGE IMPROVEMENT OF 27.6% IN CLIENT KNOWLEDGE. WE ARE HONORED TO BE A LEADING PROVIDER OF FINANCIAL LITERACY EDUCATION IN OUR COMMUNITY. 26943 7360 BANKRUPTCY EDUCATION: PARACHUTE IS AN APPROVED AGENCY AUTHORIZED TO ISSUE CERTIFICATES OF COMPLIANCE WITH THE BANKRUPTCY LAW. WE PROVIDE COMPREHENSIVE BANKRUPTCY COUNSELING SERVICES, INCLUDING: PRE-FILING CREDIT COUNSELING: INDIVIDUALIZED COUNSELING SESSIONS TO HELP CLIENTS UNDERSTAND THEIR OPTIONS AND MAKE INFORMED DECISIONS BEFORE FILING FOR BANKRUPTCY. DEBTOR EDUCATION COURSES: COURT-MANDATED COUNSELING THAT PROVIDES ESSENTIAL FINANCIAL EDUCATION AND PREPARE CLIENTS FOR A SUCCESSFUL FINANCIAL FUTURE AFTER BANKRUPTCY. UPON SUCCESSFUL COMPLETION OF THE REQUIRED COUNSELING OR EDUCATION COURSE, ALL BANKRUPTCY PETITIONERS WILL RECEIVE THE NECESSARY CERTIFICATE OF COUNSELING. 176 CLIENTS SERVED. 26943 7360 1688233 1 1 0 0 0 0 0 0 1 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X NOELLE CARTER PRESIDENT & CEO 7167122060 40 GARDENVILLE PARKWAY WEST SENECA NY 14224 JOSEPH M MORRISON BOARD CHAIRMAN 1.00 X X 0 0 0 MATTHEW SCHERMERHORN TREASURER 1.00 X X 0 0 0 RAMON MORALES VICE CHAIR 1.00 X X 0 0 0 KATHERINE Q LEWIS SECRETARY 1.00 X X 0 0 0 STEVEN DOLAN DIRECTOR 1.00 X 0 0 0 DEANNA EASON DIRECTOR 1.00 X 0 0 0 BONNIE KELL DIRECTOR 1.00 X 0 0 0 NANCY L LATULIP DIRECTOR 1.00 X 0 0 0 ROBERT TORELLA DIRECTOR 1.00 X 0 0 0 JOSHUA ZALEN DIRECTOR 1.00 X 0 0 0 NOELLE CARTER PRESIDENT/CEO 40.00 X 121683 0 4500 121683 0 4500 1 0 0 0 0 71456 499537 570993 CREDITOR PROCESSING FE 522100 599319 599319 FAIR SHARE REVENUE 522100 428225 428225 EDUCATIONAL PROGRAMS 611710 50477 50477 APPOINTMENT FEES 522100 375 375 1078396 35247 35247 OTHER REVENUE 900099 4887 4887 4887 1689523 1078396 0 40134 126183 116088 10095 890578 825725 64853 16573 15247 1326 82629 76674 5955 74898 69379 5519 525 483 42 18960 17443 1517 131957 122358 9599 107600 107600 32716 30305 2411 8388 7770 618 140723 130353 10370 11204 10378 826 3840 3557 283 23036 21339 1697 REFERRAL FEES 56820 52633 4187 DUES 46504 43077 3427 EQUIPMENT LEASES AND MA 40833 37824 3009 1813967 1688233 125734 0 63836 55667 855191 815945 16700 35370 4247 4337 36126 24224 200778 185753 18865 15025 270086 264776 74182 302130 1339233 1517474 107523 140536 10000 1486 210 74077 301973 183086 452719 X 1156147 1064755 1156147 1064755 1339233 1517474 -124444 33052 0 X X 0 1 X 1 0 X 339809 363395 478835 476035 570993 2229067 1514309 1444153 1213530 1161835 1078396 6412223 1854118 1807548 1692365 1637870 1649389 8641290 0 0 0 8641290 6811 725 35247 42783 6811 725 35247 42783 6116 5790 6227 5098 4887 28118 1867045 1814063 1698592 1642968 1689523 8712191 0.99190 0.99510 0.00490 0.00130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 40864 29209 11655 147384 144014 3370 12530 12530 0 15025 STOCKS, OPTIONS & EFT'S 261210 F CASH 3566 F 264776 OPERATING LEASE RIGHT OF USE ASSETS 302130 302130 OPERATING LEASE LIABILITY - CURRENT PORTION 114500 OPERATING LEASE LIABILITY - LONG-TERM PORTION 187473 301973 1722575 33052 33052 1689523 0 1689523 1813967 0 1813967 0 1813967 PART IV, LINE 2B: THE ORGANIZATION ACTS AS A NEGOTIATOR OF DEBT REPAYMENT PLANS FOR ITS CLIENTS, AND ALSO REMITS PAYMENT TO CREDITORS ON THEIR BEHALF. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY PRESENT IN THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS SENT TO THE BOARD FOR REVIEW PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY REGULARLY DURING COMMITTEE MEETINGS AND QUARTERLY MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 NATIONAL AND LOCAL SALARY SURVEYS ARE USED EACH YEAR TO ESTABLISH INCOME GUIDELINES TO HELP IN DETERMINING COMPENSATION. THE ORGANIZATION ALSO UTILIZES PERFORMANCE APPRAISALS IN CONJUNCTION WITH AN EXTERNAL HR CONSULTANT FOR AN UNBIASED OPINION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.