2025-07-22T13:37:32-07:00 2024-12-31 222710702 Topel & Silver 29 Plaza 9 Manalapan NJ 07726 990 2024-01-01 223120920 GARDEN STATE CONSUMER CREDIT COUNSELING INC GARD 7324096281 200 US HIGHWAY 9 MANALAPAN NJ 07726 Todd Suler CFO 2025-07-22 true true Clifford M Topel CPA P00149963 7327801200 2024 2025-03-06 01:10:19Z Jill Feldman 200 US HIGHWAY 9 MANALAPAN NJ 07726 17292460 false X www.navicoresolutions.org X 1991 NJ NAVICORE SOLUTIONS PROVIDES COMPASSIONATE COUNSELING SOLUTIONS TO CONSUMERS NATIONWIDE IN THE AREAS OF PERSONAL FINANCE, CONSUMER CREDIT, STUDENT LOANS, DISASTER RECOVERY, FORECLOSURE PREVENTION, AND HOUSING. 8 8 203 8 0 6655311 7100395 8185324 9456500 66335 63831 152744 171734 15059714 16792460 0 0 10893233 12312388 0 201084 3982536 4135336 14875769 16447724 183945 344736 13783103 11862130 8441888 9708494 5341215 2153636 X The primary focus of Garden State Consumer Credit Counseling, Inc. ("Navicore Solutions"), a non-profit organization, is to strengthen the well-being of individuals and families through education, guidance, advocacy, and support. Our most significant activities include housing counseling, credit counseling, bankruptcy counseling, financial education, and other outreach programs. Finally, for those individuals who qualify, the company provides a debt management program. false false 6045450 8000253 Debt Management Program (DMP)The DMP is a consolidation and repayment plan for unsecured debt that may include concessions from creditors such as reduced interest rates and the elimination of late and over-limit fees. Offered as an alternative to bankruptcy, the program is only pursued when deemed appropriate and with the consumer's consent. The Organization provides continuous counseling, at no cost, throughout the client's enrollment in the DMP, ensuring that all financial challenges are addressed with compassion and care. 5466081 43417 Financial Counseling and Education:Personal Financial CounselingConsumers who seek assistance are connected with a certified counselor, who offers personalized guidance tailored to their unique financial circumstances. The counseling process includes the development of a comprehensive budget that outlines monthly expenses, debt obligations, household income, assets, and liabilities. Our counselors are trained to provide expert budgetary advice and connect clients with relevant resources to help them manage their financial situations effectively.Financial EducationThe Organization provides financial education through one-on-one counseling, workshops, and written materials. We have become a preferred provider of financial education for community members, delivering workshops on a variety of financial topics. A key aspect of our outreach is delivering these services to underserved populations, including virtual options for groups who prefer remote participation.Disaster Recovery CounselingThis service provides comprehensive counseling to individuals affected by natural disasters. The goal is to assist clients with housing needs, help them apply for applicable disaster recovery programs, connect them with resources, and develop personalized action plans to aid in their recovery.Rental and Mortgage AssistanceThe Organization offers assistance programs to individuals impacted by economic crises or natural disasters. In collaboration with state and local organizations, we support public awareness, determine eligibility for assistance programs, and provide counseling to help individuals navigate these resources.Student Loan Debt CounselingCertified counselors provide in-depth assessments of borrowers financial situations, addressing obstacles related to student loan repayment. Counselors help clients determine eligibility for federal programs designed to assist with repayment. 1469177 1304980 Housing CounselingAs a HUD-approved National Intermediary, the Organization offers a range of housing counseling services, including Pre-Purchase, Rental, Default/Foreclosure, HECM Default, and HECM Counseling. Our counselors conduct comprehensive budget analysis, help develop action plans, and liaise with lenders and servicers when necessary. The core focus of our housing counseling is on promoting housing stability, affordability, and advocacy. 751531 103350 Community OutreachThrough collaborations with public and nonprofit organizations, as well as our referral relationships with financial institutions, we connect with populations most in need of our services and promote positive financial management and overall well-being. Our Financial Education Program offers efficient and effective delivery of financial education outreach, in both English and Spanish, to individuals and families seeking assistance. 30935 4500 Pre/Post-Bankruptcy Counseling and EducationApproved by the Executive Office of the US Trustees, the Organization is authorized to provide certificates for completion of pre- and post-bankruptcy counseling and financial management education courses, as required by the Bankruptcy Code. 782466 107850 13763174 true true false false false false false false true false true false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 123 0 true 203 true false false false false false false false 0 false false false false false false false X 8 8 false false true false false false false true true false false true true true true true true true true false AL CA CO CT HI IL MA MD ME MI MN MS MT NJ NM NY OH OR PA UT VA X TODD SULER 7324096281 200 US HIGHWAY 9 MANALAPAN NJ 07726 Jill Feldman President & CEO 70.00 0.00 X 361823 0 44858 Todd Suler CFO 70.00 0.00 X 317914 0 2060 Diane Gray COO 70.00 0.00 X 313431 0 4498 Isis Malagrino vp-customer exp 50.00 0.00 223978 0 46980 Joel Greenberg Executive Dir. 0.00 0.00 231333 0 0 Bruce Cameron Sr Software Engine 50.00 0.00 162318 0 19687 Richard Getz Dr of Industry Rel 50.00 0.00 108391 0 38758 Chip Fichot Sr.Business Sys An 50.00 0.00 123203 0 15645 Richard Verrillo Dr of Business dev 50.00 0.00 113991 0 1752 Rebecca Winters Asst Corp Secre 50.00 0.00 X 46257 0 0 Roy Lopez Trustee 1.00 0.00 X 0 0 0 Donell Young Trustee 1.00 0.00 X 0 0 0 Deborah Figart Trustee 1.00 0.00 X 0 0 0 Werner Rehm Trustee 1.00 0.00 X 0 0 0 Mike Woods Trustee 1.00 0.00 X 0 0 0 JOSEPH TIMKO Trustee 4.00 0.00 X 0 0 0 Stephen Freiman Trustee 1.00 0.00 X 0 0 0 Diane Daley Trustee 1.00 0.00 X 0 0 0 2002639 174238 9 true true false FIT SOLUTIONS 550 WEST B STREET 4TH FL STE 322 SAN DIEGO CA 92101 IT MANAGED SER PROVIDER 412348 1 3328381 3772014 7100395 Bankruptcy Counseling & E 4500 4500 Credit Counseling & Educa 43417 43417 Debt Management Plan 8000253 8000253 Housing Counseling 1304980 1304980 Outreach Activities 103350 103350 9456500 67056 67056 0 0 162870 162870 162870 162870 496775 500000 -3225 -3225 -3225 0 0 0 Other revenue 8864 8864 8864 16792460 9692065 0 0 0 0 1253644 50732 1199244 3668 0 8284288 7699705 472477 112106 0 2007676 1900568 94526 12582 766780 652490 104734 9556 0 98112 83456 13350 1306 80773 48629 29399 2745 0 0 0 565822 495381 63826 6615 9918 7995 1747 176 1214422 1096618 105998 11806 551853 352311 181150 18392 0 421883 361192 54928 5763 50931 33932 15427 1572 0 11747 7263 4065 419 171907 149201 20683 2023 0 332379 260831 65165 6383 191429 152058 35583 3788 Credit reports 142423 142318 97 8 State licensing & compliance 111465 109274 2005 186 Other expenses 46959 41811 4675 473 Employee expenses 46590 30791 14299 1500 86723 86618 88 17 16447724 13763174 2483466 201084 1591481 2692744 1595220 2000000 733104 995313 217222 229819 0 0 0 1295 313 198958 141480 12718161 7627024 8747540 5091137 0 0 0 14444 6672 683839 704652 13783103 11862130 829026 1456486 1243990 1734629 4787337 4528113 1581535 1989266 8441888 9708494 X 5341215 2153636 5341215 2153636 13783103 11862130 X 344736 3655 -3535970 X false true X true true true X 2179892 5644866 5924115 6655311 7100395 27504579 9488320 8861536 7968755 8185324 9456500 43960435 0 0 0 11668212 14506402 13892870 14840635 16556895 71465014 1910180 1094833 1001453 949580 1208135 6164181 0 1910180 1094833 1001453 949580 1208135 6164181 65300833 79 11845 66585 63831 142340 0 79 11845 66585 63831 142340 0 284887 300833 170503 152494 171734 1080451 11953099 14807314 14075218 15059714 16792460 72687805 0.89840 0.87970 0.00200 0.00120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 2883591 2883591 6536360 4492951 2043409 94878 94738 140 3095602 2969105 126497 107730 70230 37500 5091137 AIR Money Market 7224 Deferred rent receivable 13759 Misc assets 26242 Right-of-use assets 7901 Security deposits 9633 Value of life insurance policies 639893 704652 capital lease obligations 210848 Client Advance payments 611250 Deferred compensation payable 605250 Excise tax payable 44608 Flexible spending plan payable 12922 Other liabilities 475425 Rounding 1 Security deposit payable 28962 1989266 X 16795684 16795684 -3224 -3224 16792460 19986919 3535970 3535970 16450949 -3225 -3225 16447724 Part IV, Line 2b: Explanation of escrow account liability THE COMPANY PROVIDES CREDIT COUNSELING AND DEBT MANAGEMENT SERVICES. FUNDS COLLECTED FROM CLIENTS ARE DEPOSITED INTO A CLIENT TRUST ACCOUNT AND DISBURSED DIRECTLY TO THE VARIOUS CREDITORS OF THE CLIENTS. Part X : FIN48 Footnote The Organization has adopted ASC-740 Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes and accounting in interim periods. Part XII, Line 2d: Other expenses and losses per audited F/S Deferred compensation expense $27000 Economic value Life Ins $2068 impairment loss on PP&E $3506902 X true true X X X X X true false false false false false false false false Bruce Cameron Sr Software Engine 162318 19687 182005 Diane Gray COO 252578 60853 4498 317929 Isis Malagrino vp-customer exp 197858 26120 46980 270958 Jill Feldman President & CEO 303522 58301 24933 19925 406681 Joel Greenberg Executive Dir. 231333 231333 Todd Suler CFO 244426 73488 2060 319974 Part I, Line 1a: Relevant information in regards to selections on 1a. LOWEST FARE FIRST CLASS AIR TRAVEL IS AVAILABLE FOR CORPORATE OFFICERS FOR THE PURPOSE OF WORKING DURING BUSINESS NECESSITATED AIR TRAVEL INVOLVING FLIGHT TIMES IN EXCESS OF 2 HOURS. Part III, Additional Information Part II, Column B (i) - The amounts represent Base Compensation made in the current year as reflected on IRS Form W-2 Box 5.Part II, Column B (ii) - The amounts represent Bonuses and Incentive Payments made in the current year as reflected on IRS Form W-2.Part II, Column B (iii) - The amounts represent other payments made to an individual as reflected on IRS Form W-2 which generally include the economic value of life insurance protection, the value of a domestic partners portion of annual health insurance premiums, executive double bonus plan payments, PTO prior year payouts, service awards, severance, deferred compensation payments. These amounts may not be applicable to all presented employees. Payment to our founder, Joel Greenberg, who retired in October 2023 after a 33-year career leading Navicore Solutions, includes benefits totaling $231,333 for 2024. These benefits are in accordance with the agreement dated October 16, 2023, and are payable until November 10, 2026.Part II, Column C - The amounts represent current year deferrals or accruals of compensation under any retirement or other deferred compensation plan, whether qualified or unqualified, that is established, sponsored, or maintained by or for the organization. This generally includes tax-deferred contributions by the employer to a qualified defined retirement plan as well as amounts accrued under other non-qualified retirement plans. These amounts may not be applicable to all presented employees.Part II, Column D - Nontaxable Benefits are generally considered "fringe benefits and are not considered taxable benefits. They generally include the total amounts paid for health insurance, life insurance, disability benefits, medical reimbursement programs, dependent care assistance, and educational assistance.Part II, Column F - Indicates deferred compensation reported in prior year(s) Column C and paid out in current year as reflected in Column B (iii). This is a memorandum item only. THE READER MUST REDUCE THE AMOUNT IN COLUMN E BY COLUMN F TO GET THE ACTUAL CURRENT YEAR COMPENSATION. THE IRS WAS AWARE THAT THE DESIGN OF THE REPORT CREATES THE APPEARANCE OF THE DOUBLE COUNTING OF DEFERRED COMPENSATION ITEMS. Form 990, Part VI, Section A, Line 4 In 2024, our law firm conducted a thorough review of our Bylaws, which had not been reassessed in over ten years. This comprehensive evaluation aimed to ensure compliance with current legal standards and alignment with our organizations practices, culminating in approval by the Board of Directors. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS COMPLETED BY THE COMPANY'S CERTIFIED PUBLIC ACCOUNTANT TOPEL & SILVER, CPA'S, PA. THE CFO WILL PROVIDE THEM THE NECESSARY SUPPORT TO COMPLETE THE FORM 990. THE ACCOUNTANTS WILL ALSO USE FINANCIAL INFORMATION OBTAINED DURING THEIR YEAR-END FINANCIAL AUDIT. ONCE COMPLETED, A DRAFT COPY WILL BE SENT TO THE AUDIT COMMITTEE MEMBERS, VIA E-MAIL, FOR THEIR REVIEW. APPROXIMATELY, ONE WEEK WILL BE ALLOTTED FOR THIS REVIEW. THEREAFTER, A CONFERENCE CALL WILL COMMENCE TO ADDRESS ANY CONCERNS REGARDING THE FILING. THE PUBLIC ACCOUNTANT MAY BE ON THE CALL, IF NECESSARY. IF ANY CHANGES ARE REQUIRED THEY WILL BE MADE AND THE FORM WILL THEN BE FILED WITH THE INTERNAL REVENUE SERVICE. THE CONFERENCE CALL WILL BE DOCUMENTED IN THE MINUTES OF THE AUDIT COMMITTEE ALONG WITH ANY RELATED COMMENTS. THE FULL BOARD WILL BE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c ON OCTOBER 3, 2008 A FORMAL CONFLICT OF INTEREST POLICY WAS ADOPTED BY THE BOARD. THIS POLICY WILL BE ENFORCED ON AN ANNUAL BASIS AND WILL REQUIRE EACH TRUSTEE TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO A CONFLICT. ALSO, AS PART OF THE COMPANY'S INTERNAL CONTROL PROCESS, THE TRUSTEES SIGNED A DOCUMENT THAT INDICATES NO CONFLICT OF INTEREST EXISTS. Form 990, Part VI, Section B, Line 15b THE COMPENSATION OF THE COMPANY'S OFFICERS IS PERFORMED BY THE COMPENSATION COMMITTEE OF THE BOARD. THE MEMBERS OF THE COMMITTEE ARE INDEPENDENT AND WILL USE THIRD PARTIES AS WELL AS OTHER FILED FORM 990's TO EVALUATE REASONABLENESS OF OFFICER COMPENSATION. IF A THIRD PARTY IS USED THEY ARE PROVIDED WITH A DETAILED JOB DESCRIPTION IN ORDER TO BEST PRICE THE POSITION. THIS IS DONE ON AN AS-NEEDED BASIS GENERALLY AT THE END OF ANY GIVEN YEAR. IN ADDITION, THE BOARD WILL BE MADE AWARE OF THE COMPENSATION OF THE GENERAL RANK AND FILE EMPLOYEES AND WILL PROVIDE THEIR GUIDANCE ON HOW THAT COMPENSATION SHOULD BE ADJUSTED, IF NECESSARY. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION DOES NOT HAVE THESE DOCUMENTS IMMEDIATELY AVAILABLE TO THE PUBLIC; HOWEVER, UPON REQUEST THEY WOULD AND COULD BE PROVIDED. Form 990, Part XI, Line 9 Deferred compensation expense = -$27000 Form 990, Part XI, Line 9 Economic value Life Ins = -$2068 Form 990, Part XI, Line 9 impairment loss on PP&E = -$3506902 Form 990 part XI Other changes in net assets Contract for Sale of Building in 2024:In 2024, the Organization made the strategic decision to sell our 60,000 square foot corporate headquarters located in Manalapan, New Jersey. This property, held since 2015, is under contract with a scheduled closing in 2025. This decision was primarily driven by the significant success of our work-from-home program, initiated a few years ago, which allowed us to recruit talented employees nationwide, thereby enhancing our capacity to fulfill our mission.By relocating to a smaller, leased space of approximately 7,000 square feet within the same building, we eliminate the responsibilities tied to property ownership and are projected to save approximately $595,000 annually in operational costs. This shift is expected to boost our financial flexibility, which is crucial for addressing future challenges.Impact on Audited Financial Statements in 2024:The upcoming sale triggered the recognition of a non-cash impairment loss of $3,506,902 on our property, plant, and equipment, and right of use assets. This accounting action reflects the anticipated net realizable value being less than the asset's carrying value.Despite the sizable impact of the non-cash impairment loss, our operational net revenue and cash flow remained robust, supporting ongoing liquidity and operational stability. The non-cash impairment loss reduced our net assets from $5,341,215 to $2,153,636.Impact on Form 990 in the Year of Sale:In the Form 990 for the year of sale, a non-cash impairment loss, previously recognized under GAAP in the audited financial statements for the current year, will be reported when the actual sale of the property occurs, in line with IRS rules. Specifically, the carrying amount of the property, plant, and equipment, as well as right of use assets, will be adjusted to account for the non-cash impairment loss. This adjusted book value will then be included in Form 990 at the time the asset is disposed of, ensuring that the reported net book value corresponds to the sale price or the fair market value received for the asset. This method provides a clear record of the loss and its impact on the Organization's financial status in accordance with IRS reporting standards.The general principle for IRS reporting on Form 990 is that non-cash impairment losses are recognized only upon the disposal or sale of an asset, rather than when the impairment first becomes apparent, as in GAAP. This approach focuses on actual transactions and cash flows rather than on accounting estimates and valuations. NAVICORE REALTY CORP 200 US HIGHWAY 9 MANALAPAN NJ 07726 811695186 PROVIDE REALTY COUNSELING SERVICES NJ 501 (c) (3) 509 (a) (2) GARDEN STATE CONSUMER CREDIT COUNSELING false false false false false false false false false false false false false false false false false false false false