300 Commercial Street Boston, MA 02109 |
[P] (508) 232-4633 [F] -- |
massdebtrelieffoundation.org [email protected] Jessica Podkalicki |
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INCORPORATED: 2011
Printable Profile (Summary / Full) EIN 45-2656770 |
![]() LAST UPDATED: 09/07/2018 |
Organization DBA | -- |
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Former Names | -- |
Organization received a competitive grant from the Boston Foundation in the past five years | No |
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Mission StatementMORE »Our mission is to improve the quality of life for people
unduly burdened with excessive debt through no fault of their own, by providing
compassionate and effective pro bono legal representation to eliminate debt and
restore peace of mind.
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Mission StatementOur mission is to improve the quality of life for people
unduly burdened with excessive debt through no fault of their own, by providing
compassionate and effective pro bono legal representation to eliminate debt and
restore peace of mind.
|
Fiscal Year | Jan 01, 2018 to Dec 31, 2018 |
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Projected Income | $25,000.00 |
Projected Expense | $25,000.00 |
For more details regarding the organization's financial information, select the financial tab and review available comments.
STATEWIDE
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Under Development
The main program at Mass Debt Relief Foundation is our debt relief services. Our attorneys meet with clients in need of advice on debt and credit relief options. The people who contact us at MDRF range from simple budgeting issues to bankruptcy legal action. However, MDRF only provides pro bono legal aid to Chapter 7 clients. The primary consultation with our organization—where a client can discuss credit repair, budgeting, and debt relief options—is always free. | |
Budget | -- |
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Category | None of the above |
Population Served | Poor,Economically Disadvantaged,Indigent Families Unemployed, Underemployed, Dislocated |
Program Short-Term Success | Massachusetts residents achieve debt relief and can start to build a new and fresh life. |
Program Long-Term Success | Once overwhelming debt costs are settled, individuals and families can start to work on becoming successful in other parts of their lives. People can start to focus on paying rent and utilities, acquiring better jobs, and eventually saving people for the future. |
Program Success Monitored By | -- |
Examples of Program Success | Mass Debt Relief Foundation has countless success stories from past clients. Steve and Susan Jones* were laid off without warning in 2015. Supporting their three young daughters, ages 2, 6 and 13, the family’s income dropped from $64,000 to $20,000 within a year. Without the funds to cover rent, Steve and Susan lost their home and were forced to uproot their family to move across Massachusetts to stay with family. One such story follows: They’ve continued to work hard to improve their income, both applying for dozens and dozens of jobs. Steve is driving for a ride-share company, while Susan cares for their children and sells off household items for money. Without stable income, the debt they were covering before they lost their employment, combined with rent, utilities and other expenses became overwhelming. Eventually, the family lost two vehicles to repossession and had $329 in the bank. They needed a fresh start. With our help, the Jones are debt-free and were able to start building up enough savings to cover the cost of moving into a new home. They are living within their budget, have a stable home, and are in a better position to rebuild their finances. |
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CEO/Executive Director | Mr. Richard Ravosa |
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CEO Term Start | Jan 2011 |
CEO Email | [email protected] |
CEO Experience | -- |
Co-CEO | -- |
Co-CEO Term Start | -- |
Co-CEO Email | -- |
Co-CEO Experience | -- |
Name | Start | End |
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-- | -- | -- |
Name | Title | Experience/Biography |
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-- | -- | -- |
Award | Awarding Organization | Year |
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-- | -- | -- |
Affiliation | Year |
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-- | -- |
Member of state association of nonprofits? | No |
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Name of state association | -- |
External Assessment or Accreditation | Year |
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-- | -- |
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Number of Full Time Staff | 1 |
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Number of Part Time Staff | 1 |
Number of Volunteers | 4 |
Number of Contract Staff | 0 |
Staff Retention Rate % | -- |
Ethnicity | African American/Black: 0 Asian American/Pacific Islander: 0 Caucasian: 6 Hispanic/Latino: 0 Native American/American Indian: 0 Other: 0 Other (if specified): -- |
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Gender | Female: 4 Male: 2 Not Specified 0 |
Organization has Fundraising Plan? | Under Development |
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Organization has Strategic Plan? | Under Development |
Years Strategic Plan Considers | -- |
Management Succession Plan | -- |
Business Continuity of Operations Plan | -- |
Organization Policies And Procedures | Under Development |
Nondiscrimination Policy | Under Development |
Whistle Blower Policy | No |
Document Destruction Policy | -- |
Directors and Officers Insurance Policy | -- |
State Charitable Solicitations Permit | -- |
State Registration | -- |
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Management Reports to Board? | Yes |
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CEO Formal Evaluation and Frequency | N/A N/A |
Senior Management Formal Evaluation and Frequency | N/A N/A |
Non Management Formal Evaluation and Frequency | N/A N/A |
Board Chair | Mr. Richard Ravosa |
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Board Chair Company Affiliation | The Law Offices of Richard Ravosa |
Board Chair Term | Jan 2013 - |
Board Co-Chair | -- |
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Board Co-Chair Company Affiliation | -- |
Board Co-Chair Term | - |
Name | Company Affiliations | Status |
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Michelle Cote | Law Offices of Richard S. Ravosa | Voting |
Maegan Hurley | Massachusetts Debt Relief Foundation Inc | Voting |
Frank Kautz | The Kautz Law Office | Voting |
Greta LaMountain Biagi | The Law Office of Greta LaMountain Biagi | Voting |
Paul Mauri | Anadarko Petroleum | Voting |
Miranda Orcutt | Self Employed | Voting |
Helen Plant | Framingham Housing Authority | Voting |
Name | Company Affiliations | Status |
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Name | Company Affiliations | Status |
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-- | -- | -- |
Name | Company Affiliations | Status |
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-- | -- | -- |
Ethnicity | African American/Black: 1 Asian American/Pacific Islander: 0 Caucasian: 7 Hispanic/Latino: 0 Native American/American Indian: 0 Other: 0 Other (if specified): 0 |
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Gender | Female: 5 Male: 3 Not Specified 0 |
Board Term Lengths | -- |
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Board Term Limits | -- |
Board Meeting Attendance % | -- |
Written Board Selection Criteria | No |
Written Conflict Of Interest Policy | No |
Percentage of Monetary Contributions | 50% |
Percentage of In-Kind Contributions | -- |
Constituency Includes Client Representation | No |
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Fiscal Year | Jan 01, 2018 to Dec 31, 2018 |
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Projected Income | $25,000.00 |
Projected Expense | $25,000.00 |
Form 990s | -- |
Audit Documents | -- |
IRS Letter of Exemption |
Fiscal Year | 2017 | 2016 | 2015 |
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Total Revenue | $32,878 | $21,053 | $14,900 |
Total Expenses | $31,518 | $27,143 | $10,629 |
Fiscal Year | 2017 | 2016 | 2015 |
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Foundation and Corporation Contributions |
-- | -- | -- |
Government Contributions | $0 | $0 | $0 |
Federal | -- | -- | -- |
State | -- | -- | -- |
Local | -- | -- | -- |
Unspecified | -- | -- | -- |
Individual Contributions | $29,963 | $20,560 | $12,004 |
Indirect Public Support | -- | -- | -- |
Earned Revenue | -- | -- | -- |
Investment Income, Net of Losses | -- | -- | -- |
Membership Dues | -- | -- | -- |
Special Events | $2,915 | $381 | $2,896 |
Revenue In-Kind | -- | -- | -- |
Other | -- | $112 | -- |
Fiscal Year | 2017 | 2016 | 2015 |
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Program Expense | -- | $0 | $931 |
Administration Expense | $27,900 | $25,063 | $8,080 |
Fundraising Expense | $3,618 | $2,080 | $1,618 |
Payments to Affiliates | -- | -- | -- |
Total Revenue/Total Expenses | 1.04 | 0.78 | 1.40 |
Program Expense/Total Expenses | 0% | 0% | 9% |
Fundraising Expense/Contributed Revenue | 11% | 10% | 11% |
Fiscal Year | 2017 | 2016 | 2015 |
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Total Assets | $636 | $1,459 | $6,930 |
Current Assets | $636 | $1,459 | $6,930 |
Long-Term Liabilities | $0 | $0 | $0 |
Current Liabilities | $0 | $0 | $0 |
Total Net Assets | $636 | $1,459 | $6,930 |
Fiscal Year | 2017 | 2016 | 2015 |
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1st (Source and Amount) |
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2nd (Source and Amount) |
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3rd (Source and Amount) |
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Endowment Value | -- |
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Spending Policy | -- |
Percentage(If selected) | -- |
Credit Line | No |
Reserve Fund | No |
How many months does reserve cover? | -- |
Are you currently in a Capital Campaign? | No |
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Capital Campaign Purpose | -- |
Campaign Goal | -- |
Capital Campaign Dates | - |
Capital Campaign Raised-to-Date Amount | -- |
Capital Campaign Anticipated in Next 5 Years? | -- |
Fiscal Year | 2017 | 2016 | 2015 |
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Current Ratio: Current Assets/Current Liabilities | -- | -- | -- |
Fiscal Year | 2017 | 2016 | 2015 |
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Long-term Liabilities/Total Assets | 0% | 0% | 0% |
No Other Documents currently available. |
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