Return Reference | Explanation |
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Form 990, Part III, Line 4d: Other Program Services Description | OTHER PROGRAM SERVICES 4: OTHER: MCRC submitted comments to the CFPB, drafted a sign-on letter with 26 Maryland organizations signing on, and worked with Maryland legislators on a Dear Colleague letter signed by 35 Marylad delegates and senators calling for a strong debt collection rule that would protect consumers, not debt collectors. In 2019 MCRC supported permanently ensuring that any mortgage debt forgiven in a foreclosure sale does not count as income on Maryland state taxes, allowing families to access tax credits that they may otherwise fail to qualify for, and saving an average of $1,114 in taxes for the 72,892 homeowners currently underwater on their mortgages in Maryland should they lose their homes in foreclosure. MCRC's Report, No Exit: How Maryland?s Debt Collection Practices Deepen Poverty & Widen the Racial Wealth Gap, is the first state-level report looking at consumer debt collection practices, the use of debtors prisons, and civic debt. The report highlights Maryland policies that punish the poor and raise revenues on the backs of low-income Marylanders. No Exit provides an analysis of how debt collection practices disproportionately impact Black borrowers across the state and widen the racial wealth gap. MCRC is pursuing a number of policy recommendations in our report at the local and state levels. |
Form 990, Part VI, Line 11b: Form 990 Review Process | FORM 990 IS DISTRIBUTED TO THE EXECUTIVE COMMITTEE WHERE IT IS REVIEWED AND DISCUSSED. ANY CHANGES DEEMED NECESSARY ARE MADE PRIOR TO FILING THE RETURN. |
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | ANNUAL DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST. |
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | THE EXECUTIVE DIRECTOR'S SALARY IS SET BY THE BOARD OF DIRECTORS AFTER CONSIDERATION OF JOB PERFORMANCE AND COMPENSATION PAID TO PERSONS IN SIMILAR POSITIONS. |
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | FINANCIAL STATEMENTS AND 990 ARE AVAILABLE AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS. |
Form 990, Part XII, Line 2: Change of Oversight or Selection Process | COMPETITIVE BIDS WERE SOLICITED AND THE BOARD CHOSE AN AUDITOR AFTER REVIEWING THOSE PROPOSALS. |
Software ID: | 19009923 |
Software Version: | 2019v5.0 |