Skip to main content

Nonprofit · EIN 33-0770440

INCHARGE FINANCIAL SOLUTIONS

Tax-exempt · ORLANDO, FL 32819

Financials

$14.3M$15.8M2023$15M$15M2024
Revenue Expenses · by fiscal year end
Financials of INCHARGE FINANCIAL SOLUTIONS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$15,025,410$15,018,843$6,567$8,464,175$2,299,213$6,164,962
December 31, 2023990$14,313,613$15,787,525-$1,473,912$8,338,382$2,230,656$6,107,726
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,390,140
of which government grants
$463,168
Program service revenue
$10,053,601
Investment income
-$418,331
Net gain from sales of assets
-$668,230
Other revenue
$0

Expenses

Grants and similar amounts paid
$293
Compensation of officers, directors and key employees
$1,349,275
Other salaries and wages
$3,609,803
Salaries, compensation and benefits (total)
$5,920,919
Professional fundraising fees
$0
Legal fees
$9,247
Accounting fees
$58,698
Occupancy
$261,022
Travel
$21,012
Depreciation
$37,305
Program services (functional)
$13,982,390
Management and general (functional)
$1,002,970
Fundraising (functional)
$33,483

Balance sheet and other

Total assets, start of year
$8,338,382
Total assets, end of year
$8,464,175
Total liabilities, end of year
$2,299,213
Net assets, end of year
$6,164,962
Land, buildings and equipment
$295,998
Publicly traded securities
$5,607,380
Net assets without donor restrictions
$6,164,962
Gross receipts
$20,160,533
Employees
110
Volunteers
1
Year formed
1997
State of legal domicile
NV

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
LORETTA RONEYPRESIDENT & CEO
Officer
49$388,723$0$26,032
KAREN CARLSON INFORMATION MGMTEDUCATION & DIGITAL MARKETING
Key employee
36$0$197,878$29,148
SEIJI SHIRAISHI TREAS SECAS OF AUG., DIR. OF ACCTG. & FINANCE
Officer
45$0$174,751$30,192
MICHAEL C LEON BOARD SECAND VP OF OPERATIONS UNTIL JUNE
Officer
45$184,601$0$10,120
SASAN SALEH NASSABDIRECTOR OF QUALITY AND COMPLIANCE
Highest-paid employee
32$158,478$0$29,161
MIRIAN NACCARATTODIR. OF HUMAN RESOURCES
Key employee
41$0$168,394$6,092
BILLY SEXTONDIRECTOR OF IT INFRASTRUCTURE
Highest-paid employee
45$0$149,443$17,248
SHAWN WALSHVP OF RELATIONSHIP UNTIL AUGUST
Officer
32$0$147,640$18,856
NIDIA MERCADO DIR OFINDUSTRY RELATIONS & CUST. SUPPORT
Highest-paid employee
45$116,873$0$22,042
AHMED MOYEENSOFTWARE ENGINEER SENIOR
Highest-paid employee
45$0$123,012$15,108
SHERANA BAKHSHPMO/QUALITY ASSURANCE MANAGER
Highest-paid employee
45$0$116,181$8,098
DAVID SANCHEZ SR VP CUSTEXP. & BUSINESS STRAT. AS OF OCT.
Officer
45$58,530$0$763
SUSANNA KONDRACKITRUSTEE
Trustee or director
2$811$0$0
PATRICIA WEXLERBOARD CHAIR
Trustee or director, Officer
2$750$0$0
CAREY TARBELLTRUSTEE
Trustee or director
2$700$0$0
6 more people on this return
NameTitleHours / weekCompensation
JEFF TASSEYTRUSTEE
Trustee or director
2$700
MONIKA WILCZAKTRUSTEE
Trustee or director
1$700
BHAVESH VADHANITRUSTEE UNTIL FEBRUARY
Trustee or director
2$700
ROBERT RUIZTRUSTEE
Trustee or director
1$700
KRISTEN SOLESTRUSTEE UNTIL SEPTEMBER
Trustee or director
2$700
ROBERT GALLTRUSTEE UNTIL FEBRUARY
Trustee or director
1$0
990 for the year ended December 31, 2023: 23 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ETTA W MONEYPRESIDENT & CEO UNTIL MAY
Officer
46$214,007$0$25,206
LORETTA RONEYPRESIDENT & CEO AS OF JUNE
Officer
36$224,219$0$9,006
KAREN CARLSONPRESIDENT OF EDUCATION FOUNDATION
Key employee
32$0$188,874$30,667
MICHAEL C LEON BOARD SEC ASOF JUNE AND VP OF OPERATIONS
Officer
45$188,315$0$16,061
RICARDO VIERA SENIORDIRECTOR OF INFORMATION TECHNOLOGY
Key employee
36$0$158,659$30,396
SHAWN WALSHVICE PRESIDENT OF RELATIONSHIP
Key employee
36$0$154,226$32,350
SEIJI SHIRAISHI BOARD TREASAND DIR. OF ACCOUNTING AND FINANCE
Officer
27$0$136,774$29,251
SASAN SALEH NASSABDIRECTOR OF QUALITY AND COMPLIANCE
Highest-paid employee
27$120,352$0$28,605
WILLIAM MALSEEDSECRETARY/TREASURER UNTIL MAY
Officer
41$129,815$0$10,387
BILLY SEXTONIT INFRASTRUCTURE MANAGER
Highest-paid employee
45$0$122,273$15,544
NIDIA MERCADO DIRECTOROF QUALITY AND COMPLIANCE
Highest-paid employee
45$114,358$0$22,807
AHMED MOYEENSOFTWARE ENGINEER SENIOR
Highest-paid employee
45$0$119,213$15,357
SHERANA BAKHSHPMO/QUALITY ASSURANCE MANAGER
Highest-paid employee
45$0$113,018$7,928
SUSANNA KONDRACKITRUSTEE
Trustee or director
2$2,628$0$0
ROBERT RUIZTRUSTEE
Trustee or director
2$1,725$0$0
JEFF TASSEYTRUSTEE
Trustee or director
2$1,661$0$0
PATRICIA WEXLERBOARD CHAIR
Trustee or director
2$1,615$0$0
CAREY TARBELLTRUSTEE
Trustee or director
2$1,615$0$0
MONIKA WILCZAKTRUSTEE AS OF MARCH
Trustee or director
2$722$0$0
JAMES HARRISTRUSTEE UNTIL MARCH
Trustee or director
1$0$0$0
BHAVESH VADHANITRUSTEE
Trustee or director
2$0$0$0
KRISTEN SOLESTRUSTEE
Trustee or director
2$0$0$0
ROBERT GALLTRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
5750 MAJOR BLVD STE 300, ORLANDO, FL 32819-7971
Principal officer (990 for 2024)
LORETTA RONEY, 5750 MAJOR BLVD 300, ORLANDO, FL 32819
Signed the 990
LORETTA RONEY, CEO
Phone
(407) 291-7770
Return prepared by
JM&M

Mission

INCHARGE DEBT SOLUTIONS HELPS CONSUMERS ACHIEVE FINANCIAL BALANCE AND MOVE CLOSER TO THEIR DREAMS.

990 for the year ended December 31, 2024

Program accomplishments

  • CREDIT COUNSELING AND EDUCATION - THIS PROGRAM ASSISTS CONSUMERS IN MANAGING THEIR PERSONAL FINANCES THROUGH THE PROVISION OF SOLUTIONS-BASED CREDIT COUNSELING, BUDGET PLANNING, AND FINANCIAL EDUCATIONAL MATERIALS. SOLUTIONS-BASED COUNSELING IS DESIGNED TO FIND THE RIGHT SOLUTION FOR EACH DEBT DISTRESSED CONSUMER. NEARLY 62,430 FINANCIALLY DISTRESSED INDIVIDUALS RECEIVED CREDIT COUNSELING, AND FINANCIAL EDUCATIONAL MATERIALS DURING 2024. FINANCIAL EDUCATIONAL MATERIALS ASSIST CONSUMERS IN ACQUIRING AND IMPROVING MONEY MANAGEMENT SKILLS AND MANAGING CREDIT. CREDIT COUNSELING SERVICES ARE OFFERED IN PERSON FOR INDIVIDUALS RESIDING IN THE CENTRAL FLORIDA AREA, AND NATIONALLY OVER THE TELEPHONE AND THROUGH THE INTERNET.
    Expenses $9,312,805 · grants $172 · revenue $11,750
  • DEBT MANAGEMENT - IDS OFFERS DEBT MANAGEMENT PROGRAMS TO ASSIST CONSUMERS IN PAYING OFF THEIR UNSECURED DEBTS AND TO BETTER MANAGE THEIR FINANCIAL OBLIGATIONS IN THE FUTURE. IDS PROCESSES DEBT PAYMENTS, ATTEMPTS TO SECURE A REDUCTION IN INTEREST RATES, AND ATTEMPTS TO ESTABLISH AFFORDABLE MONTHLY PAYMENTS ON THE CLIENTS' BEHALF. CLIENTS ARE PROVIDED INITIAL AND CONTINUING EDUCATIONAL ASSISTANCE THROUGH FINANCIAL EDUCATIONAL MATERIALS AND GUIDANCE IN FINANCIAL MATTERS AS DETERMINED BY THEIR NEEDS.
    Expenses $3,825,553 · grants $98 · revenue $9,216,438
  • HOUSING COUNSELING AND EDUCATION - IDS IS A LOCAL U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") APPROVED AGENCY IN THE STATE OF FLORIDA AND A MEMBER OF THE NATIONAL FOUNDATION FOR CREDIT COUNSELING ("NFCC"), WHICH ENABLES IDS TO SERVE CONSUMERS ON A NATIONWIDE BASIS. HOUSING COUNSELING SERVICES INCLUDE FORECLOSURE PREVENTION COUNSELING, HOMEBUYER EDUCATION, AND PRE-PURCHASE HOMEBUYER COUNSELING. FORECLOSURE PREVENTION COUNSELING IS DESIGNED TO PROVIDE EXISTING BORROWERS WITH INFORMATION AND ASSISTANCE NEEDED TO AVOID FORECLOSURE. PROGRAM HIGHLIGHTS INCLUDE BUDGET PLANNING, EVALUATION OF ELIGIBILITY FOR LOAN MODIFICATION, ASSESSMENT OF ABILITY TO SUSTAIN HOME OWNERSHIP, AND ALTERNATIVE HOUSING OPTIONS. HOMEBUYER EDUCATION IS DESIGNED TO BETTER PREPARE POTENTIAL HOMEOWNERS FOR HOMEOWNERSHIP. PARTICIPANTS EXAMINE THEIR HOUSING NEEDS, ANALYZE THEIR FINANCIAL SITUATION, AND LEARN STRATEGIES TO IMPROVE FINANCIAL MANAGEMENT IN AN EFFORT TO BETTER PREPARE FOR HOMEOWNERSHIP. PARTICIPANTS ALSO LEARN HOW TO SHOP FOR A HOME, OBTAIN A MORTGAGE AND PREPARE FOR LIFE AS A HOMEOWNER. PRE-PURCHASE HOMEBUYER COUNSELING, A PERSONAL ONE-ON-ONE SESSION, IS OFFERED TO PROVIDE EDUCATION AND TIPS TO ASSIST POTENTIAL HOMEBUYERS IN IMPROVING FINANCIAL MANAGEMENT SKILLS AND UNDERSTANDING ALTERNATIVE SOURCES OF FUNDING AND MORTGAGE OPTIONS. DURING 2024, APPROXIMATELY 8,021 HOUSING COUNSELING SESSIONS WERE CONDUCTED.
    Expenses $498,492 · grants $14 · revenue $682,362
  • BANKRUPTCY COUNSELING AND DEBTOR EDUCATION - BANKRUPTCY LEGISLATION ENACTED BY CONGRESS IN 2005 REQUIRES INDIVIDUALS FILING FOR BANKRUPTCY TO COMPLETE A BANKRUPTCY CREDIT COUNSELING SESSION PRIOR TO FILING, AND AN INSTRUCTIONAL COURSE IN PERSONAL FINANCIAL MANAGEMENT (DEBTOR EDUCATION) PRIOR TO RECEIVING A BANKRUPTCY DISCHARGE. TO OFFER CONVENIENT, ON-DEMAND ACCESS TO THIS REQUIRED CONTENT, IDS PROVIDES INTERACTIVE WEB-BASED AND TELEPHONIC BANKRUPTCY CREDIT COUNSELING AND WEB-BASED DEBTOR EDUCATION PROGRAMS. BOTH PROGRAMS ISSUE CERTIFICATES TO INDIVIDUALS WHO COMPLETE EACH PROGRAM AS REQUIRED BY THE TITLE 11 BANKRUPTCY CODE. DURING 2024, APPROXIMATELY 7,265 CERTIFICATES WERE ISSUED TO BANKRUPTCY PETITIONERS EVIDENCING THEIR SUCCESSFUL COMPLETION OF THE BANKRUPTCY CREDIT COUNSELING SESSION AND THE PERSONAL FINANCIAL MANAGEMENT COURSE.
    Expenses $345,540 · grants $9 · revenue $143,051
  • FINANCIAL LITERACY OUTREACH - IDS, IN CONJUNCTION WITH ITS SUPPORTING ORGANIZATION, INCHARGE EDUCATION FOUNDATION, CONDUCTS NUMEROUS FINANCIAL LITERACY WORKSHOPS, AND HOME BUYER EDUCATION CLASSES FOR THE GENERAL PUBLIC. THE GOAL OF EACH OUTREACH EVENT IS TO IMPROVE THE FINANCIAL CAPABILITIES OF ATTENDEES BY PROVIDING RELEVANT INFORMATION AND TOOLS CONCERNING PERSONAL FINANCE, MONEY MANAGEMENT, THE RESPONSIBLE USE OF CREDIT, AND THE HOME BUYING PROCESS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Check at the IRS
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
33-0770440
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P51)
Assets (IRS master file)
$10,816,784
Income (IRS master file)
$21,767,357

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$15,025,410$15,018,843$8,464,175XML
990December 2023$14,313,613$15,787,525$8,338,382XML
990December 2022$13,703,408$15,004,473$10,402,259IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-0770440).

Questions about INCHARGE FINANCIAL SOLUTIONS

What is the EIN of INCHARGE FINANCIAL SOLUTIONS?
The employer identification number (EIN) of INCHARGE FINANCIAL SOLUTIONS is 33-0770440.
Is INCHARGE FINANCIAL SOLUTIONS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to INCHARGE FINANCIAL SOLUTIONS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INCHARGE FINANCIAL SOLUTIONS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INCHARGE FINANCIAL SOLUTIONS due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INCHARGE FINANCIAL SOLUTIONS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INCHARGE FINANCIAL SOLUTIONS?
The 990 for the year ended December 31, 2024 names LORETTA RONEY.
Who are the officers and directors of INCHARGE FINANCIAL SOLUTIONS?
The 990 for the year ended December 31, 2024 lists 21 people; 13 received compensation from the organization, the highest $388,723 (LORETTA RONEY, PRESIDENT & CEO).
How much revenue does INCHARGE FINANCIAL SOLUTIONS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $15,025,410, expenses of $15,018,843 and total assets of $8,464,175 at year end.

Other nonprofits in ORLANDO

All nonprofits in ORLANDO · Florida · Human services