Massachusetts · Nonprofit
CAMBRIDGE CREDIT COUNSELING CORP
CAMBRIDGE CREDIT COUNSELING CORP (Massachusetts) receives grants from 3 organizations whose IRS filings report $3,674,198 to it, the largest being HOMEFREE USA INC ($2,350,106). 3 of them have funded it in more than one year.
- Revenue FY2025
- $9.0M
- Funders on record
- 3
- Grants received
- $3.7M
- Net assets
- $8.0M
What Cambridge Credit Counseling Corp does
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.
As stated on its FY2025 Form 990.
Programs
Individualized Educational Financial Counseling Cambridges tax-exempt status is based on the provision of financial education to the public. The organizations primary method of fulfilling this exempt purpose was accomplished through the provision of 43,996 individual educational financial counseling sessions. Cambridge provides financial counseling, education, and debt management programs to individuals in 50 states. Every individual who requests assistance from the organization is given the opportunity to participate in a comprehensive evaluation of his or her financial circumstances, conducted by one of the organizations forty-one independently certified credit counselors. Cambridges counselors are certified by the National Foundation for Credit Counseling, whose certification programs have been reviewed and approved by those states that require approval of counselor certification programs. Cambridges financial analysis is aimed at identifying the best course of action for each individual, allowing the Cambridge counselor to provide education and budgeting information appropriate to each persons circumstances. This assessment, which is performed at no cost and without…
$6,914,626 spent$7,719,190 earned by the program100% of program spendingCambridge offers no-cost financial management education to individuals in a number of different ways. Cambridge provides outreach programs to members of its local community, including a significant number of non-profit social service agencies. Cambridge also offers financial management seminars and lesson plans to colleges and high schools, both locally and nationally. In addition, Cambridge provides a number of free online resources, including financial calculators, videos, guidebooks, informational articles, and budgeting tools. Finally, and perhaps most important, Cambridge provides comprehensive one-on-one financial assessments and counseling to any individual interested in improving his or her understanding of sound credit and debt management principles.The results of Cambridges financial assessments indicate that 15-20% of participants would be incapable of alleviating their own debt in less than five years without significant creditor concessions. Cambridge believes that, of the remaining 80-85% of individuals who have problems with money management and debt, the majority lack a basic understanding of the fundamentals of personal finance. To address this issue, 29 states…
Housing Counseling - In 2010, after a comprehensive application and on-site examination process, Cambridge became a HUD-approved housing counseling agency. Nearly half of Cambridge's counselors now hold one or more NeighborWorks certifications in foreclosure prevention counseling, pre- and post-purchase counseling, rental, and reverse mortgage counseling. The vast majority of these services are provided for free to the public. (Cambridge's reverse mortgage counseling fee of $125 is in keeping with HUD guidelines but can be waived, and participants in Cambridge's eight-hour pre-purchase class pay a nominal fee of $50 for materials.) Cambridge's reverse mortgage counseling program has also been approved by the Massachusetts Executive Office of Elder Affairs. From 7/1/2024 to 6/30/2025, Cambridge provided 45 free one-on-one foreclosure prevention counseling sessions. 430 prospective homebuyers attended Cambridges pre-purchase classes, and 223 participants subsequently received free follow-up housing counseling sessions from the agency. During the time period, Cambridge also conducted 4,012 reverse mortgage counseling sessions, 306 of which were provided free of charge.Bankruptcy…
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $6,914,626.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $11M to $14M (+28%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 2% · 2018 2% · 2019 1% · 2021 2% · 2022 7% · 2023 20% · 2024 7% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
14% of CAMBRIDGE CREDIT COUNSELING CORP’s revenue is contributions — more earned-revenue than three-quarters of its peers (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Christopher A Viale
President & CEO
Board chair
Alfred H Colonna Jr
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2020 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $229k → $1.6M.
From the IRS filings of CAMBRIDGE CREDIT COUNSELING CORP’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
CAMBRIDGE CREDIT COUNSELING CORP leans on a few funders — its largest provides 64% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CAMBRIDGE CREDIT COUNSELING CORP.
Largest funder’s share by year: 2020 100% · 2021 68% · 2022 49% · 2023 68% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
CAMBRIDGE CREDIT COUNSELING CORP draws 100% of its grant income from funders outside Massachusetts, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CAMBRIDGE CREDIT COUNSELING CORP's funding base is broadening — from 1 funders to 3 as grant income climbed.
this organization peer median middle 50% of peers· 6,891 human services nonprofits $1M–$10M, FY2025
Government funding CAMBRIDGE CREDIT COUNSELING CORP receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $10k on record.
- (PP) STATE AID/POL SUB$10k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like CAMBRIDGE CREDIT COUNSELING CORP
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
70% of spending goes to programs.
Governance
Public support
94%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 9 states
Screen this organization
A dated, signed PDF of the compliance screen for CAMBRIDGE CREDIT COUNSELING CORP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CAMBRIDGE CREDIT COUNSELING CORP?
- CAMBRIDGE CREDIT COUNSELING CORP (Massachusetts) receives grants from 3 organizations whose IRS filings report $3,674,198 to it, the largest being HOMEFREE USA INC ($2,350,106). 3 of them have funded it in more than one year.
- How many funders does CAMBRIDGE CREDIT COUNSELING CORP have?
- IRS filings report 3 organizations giving $3,674,198 in grants to CAMBRIDGE CREDIT COUNSELING CORP, 3 of which have funded it in more than one year.
- Who is the largest funder of CAMBRIDGE CREDIT COUNSELING CORP?
- HOMEFREE USA INC is the largest funder on record, with $2,350,106 in grants. The full list of funders is on this page.
- How can an organization like CAMBRIDGE CREDIT COUNSELING CORP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Cambridge Credit Counseling →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing