Civic Intelligence

The Gelt Foundation Inc

990EZ • Fiscal year 2018 • EIN 82-1521845

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 28, 2019

Organization ProfileRESIDENTRELIEFFOUNDATION.ORG
18751 Ventura Blvd 2nd FloorTarzana, CA 91356

(818) 938-1687

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.13x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

92nd percentile

126%

Faster asset growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

128%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$95,946

Up $53,401 (+126%) from 2017

Net Assets

Up

$83,383

Up $40,838 (+96%) from 2017

Liabilities

Up

$12,563

Up $12,563 from 2017

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin81st percentile

Revenue

Up

$160,938

Up $90,429 (+128%) from 2017

Expenses

Up

$120,100

Up $92,136 (+329%) from 2017

Net Income

Down

$40,838

Down $1,707 (-4.0%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2017: $42,545Liabilities 2017: $0Net Assets 2017: $42,5452017Assets 2018: $95,946Liabilities 2018: $12,563Net Assets 2018: $83,3832018Assets 2019: $173,496Liabilities 2019: $0Net Assets 2019: $173,4962019Assets 2020: $558,864Liabilities 2020: $0Net Assets 2020: $558,8642020Assets 2021: $667,979Liabilities 2021: $0Net Assets 2021: $667,9792021Assets 2022: $543,332Liabilities 2022: $0Net Assets 2022: $543,3322022

Highlighted filing

2018

Assets$95,946
Liabilities$12,563
Net Assets$83,383
Open 2018 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2017: $70,509Expenses 2017: $27,964Net Income 2017: $42,5452017Revenue 2018: $160,938Expenses 2018: $120,100Net Income 2018: $40,8382018Revenue 2019: $186,301Expenses 2019: $96,188Net Income 2019: $90,1132019Revenue 2020: $603,887Expenses 2020: $221,808Net Income 2020: $382,0792020Revenue 2021: $520,373Expenses 2021: $411,258Net Income 2021: $109,1152021Revenue 2022: $390,288Expenses 2022: $514,935Net Income 2022: -$124,6472022

Highlighted filing

2018

Revenue$160,938
Expenses$120,100
Net Income$40,838
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 28, 2019
Return Version
2018v3.1
Gross Receipts
$160,938
Mission and Program Overview

Mission

To help responsible tenants stay in their apartments during an unexpected financial emergency.

Program Services

DescriptionGrantsExpenses
RENTAL ASSISTANCE IN THE FORM OF GRANTS TO INDIVIDUALS FACING EVICTION.$98,343$0
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAMIAN LANGEREDirectorPT$0--
KEITH WASSERMANPresidentPT$0--
THERESE OSWALDExecutive DirectorFT$0--
ANDREW DAVISTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Gelt Foundation Inc
EIN
82-1521845
Phone
8189381687
Address
18751 VENTURA BLVD 2ND FLOOR, TARZANA, CA 91356

Signing Officer

Name
Keith Wasserman
Title
President
Phone
8189381687
Signed
2019-08-28
Discuss with paid preparer
Yes

Preparer

Firm
Lgsh Llp
Address
16530 VENTURA BOULEVARD SUITE 305, ENCINO, CA 91436-2006
Preparer
Aaron Levy
Phone
8187830570
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: payments for housing. Grantee name: various. Property description: cash. Date of gift: various. Amount given: 98,343.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: website donation fees. Amount: 1,307. Description: website design. Amount: 16,925. Description: taxes and licenses. Amount: 25. Total to form 990-ez, line 16: 18,257.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: gelt ventures loan. Beg. Of year amount: 0. End of year amount: 12,563.”

Form 990 Ez, Part I

“The officers of the gelt foundation, keith wasserman and damian langere contributed $21,664 through their for-profit organization, gelt ventures, llc to cover the expenses of the organization. This $20,460 covered all expenses of the organization including website development, professional fees, and taxes. All other contributions were used for the exempt purpose of the organization, assisting responsible tenants stay in their apartments.”

Raw XML Appendix143 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990EZ/BooksInCareOfDetail/PhoneNum08189381687
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt018751 VENTURA BLVD 2ND FLOOR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0TARZANA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd091356
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt042545
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt095946
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0160938
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt040838
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt03500
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt042545
IRS990EZ/Form990TotalAssetsGrp/EOYAmt095946
IRS990EZ/GrantsAndSimilarAmountsPaidAmt098343
IRS990EZ/GrossReceiptsAmt0160938
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt042545
IRS990EZ/NetAssetsOrFundBalancesEOYAmt083383
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt042545
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt083383
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt08.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt18.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt240.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAMIAN LANGERE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KEITH WASSERMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2THERESE OSWALD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ANDREW DAVIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt018257
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO HELP RESPONSIBLE TENANTS STAY IN THEIR APARTMENTS DURING AN UNEXPECTED FINANCIAL EMERGENCY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0RENTAL ASSISTANCE IN THE FORM OF GRANTS TO INDIVIDUALS FACING EVICTION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt098343
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt012563
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0120100
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0160938
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://RESIDENTRELIEFFOUNDATION.ORG/
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0160938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt070009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0230947
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0146830
IRS990ScheduleA/SubstantialContributorsTotAmt084117
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0160938
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt070009
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0230947
IRS990ScheduleA/TotalSupportAmt0230947
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: PAYMENTS FOR HOUSING. GRANTEE NAME: VARIOUS. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 98,343.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: WEBSITE DONATION FEES. AMOUNT: 1,307. DESCRIPTION: WEBSITE DESIGN. AMOUNT: 16,925. DESCRIPTION: TAXES AND LICENSES. AMOUNT: 25. TOTAL TO FORM 990-EZ, LINE 16: 18,257.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: GELT VENTURES LOAN. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 12,563.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE OFFICERS OF THE GELT FOUNDATION, KEITH WASSERMAN AND DAMIAN LANGERE CONTRIBUTED $21,664 THROUGH THEIR FOR-PROFIT ORGANIZATION, GELT VENTURES, LLC TO COVER THE EXPENSES OF THE ORGANIZATION. THIS $20,460 COVERED ALL EXPENSES OF THE ORGANIZATION INCLUDING WEBSITE DEVELOPMENT, PROFESSIONAL FEES, AND TAXES. ALL OTHER CONTRIBUTIONS WERE USED FOR THE EXEMPT PURPOSE OF THE ORGANIZATION, ASSISTING RESPONSIBLE TENANTS STAY IN THEIR APARTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 EZ, PART I
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH WASSERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08189381687
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GELT FOUNDATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA RESIDENT RELIEF FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0GELT
ReturnHeader/Filer/EIN0821521845
ReturnHeader/Filer/PhoneNum08189381687
ReturnHeader/Filer/USAddress/AddressLine1Txt018751 VENTURA BLVD 2ND FLOOR
ReturnHeader/Filer/USAddress/CityNm0TARZANA
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.198.116.146
ReturnHeader/FilingSecurityInformation/IPDt02019-08-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm013:41:52
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954346929
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LGSH LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016530 VENTURA BOULEVARD SUITE 305
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENCINO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0914362006
ReturnHeader/PreparerPersonGrp/PhoneNum08187830570
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON LEVY
ReturnHeader/ReturnTs02019-09-04T18:20:57-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$95,946
Liabilities
$12,563
Net assets
$83,383
Revenue
$160,938
Expenses
$120,100
Net income
$40,838
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$0.00$5.43$3.90$5.15$1.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.68$0.00$6.68$5.20$4.11$1.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$0.00$5.59$6.04$2.22$3.82
2019Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$1.86$0.96$0.90
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.13$0.83$1.61$1.20$0.41
2017Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.71$0.28$0.43
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • <$500k nonprofits