Civic Intelligence

The Gelt Foundation Inc

990EZ • Fiscal year 2019 • EIN 82-1521845

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 24, 2020

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

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

91st percentile

48%

Higher net margin than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

89th percentile

81%

Faster asset growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$173,496

Up $77,550 (+81%) from 2018

Net Assets

Up

$173,496

Up $90,113 (+108%) from 2018

Liabilities

Down

$0

Down $12,563 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin91st percentile

Revenue

Up

$186,301

Up $25,363 (+16%) from 2018

Expenses

Down

$96,188

Down $23,912 (-20%) from 2018

Net Income

Up

$90,113

Up $49,275 (+121%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth89th 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

2019

Assets$173,496
Liabilities$0
Net Assets$173,496
Open 2019 Filing

Operations Trend

Revenue Growth69th 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

2019

Revenue$186,301
Expenses$96,188
Net Income$90,113
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 24, 2020
Return Version
2019v5.1
Gross Receipts
$186,301
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 THE PROPERTY/LANDLORD ON BEHALF OF INDIVIDUALS FACING EVICTIONS$78,176$0
Compensation and Service Providers
Top Officer Pay77th 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
2020-09-24

Preparer

Firm
Citrin Cooperman & Company Llp
Address
16530 VENTURA BLVD SUITE 305, ENCINO, CA 91436
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: 78,176.”

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

“Description: transaction fees. Amount: 1,131. Description: auto expense. Amount: 185. Description: conference. Amount: 105. Description: website donation fees. Amount: 319. Description: website design. Amount: 150. Description: taxes and licenses. Amount: 60. Description: data processing. Amount: 110. Description: dues and membership fees. Amount: 3,489. Description: gasoline. Amount: 114. Description: meals & entertainment. Amount: 336. Description: office supplies. Amount: 1,564. Description: other business expenses. Amount: 1,534. Description: parking. Amount: 5. Description: repair and maintenance. Amount: 2,000. Description: travel. Amount: 1,820. Total to form 990-ez, line 16: 12,922.”

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

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

Form 990 Ez, Part I

“The officers of the gelt foundation, keith wasserman and damian langere contributed $16,560 through their for-profit organization, gelt ventures, llc to cover the expenses of the organization. This $16,560 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 Appendix154 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/BOYAmt095946
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0173496
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0186301
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt090113
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05090
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt095946
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0173496
IRS990EZ/GrantsAndSimilarAmountsPaidAmt078176
IRS990EZ/GrossReceiptsAmt0186301
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt083383
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0173496
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt083383
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0173496
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt08.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt18.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt240.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
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/OtherExpensesTotalAmt012922
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 THE PROPERTY/LANDLORD ON BEHALF OF INDIVIDUALS FACING EVICTIONS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt078176
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt012563
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt096188
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0186301
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://RESIDENTRELIEFFOUNDATION.ORG/
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0186301
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0160938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt070009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0417248
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0275536
IRS990ScheduleA/SubstantialContributorsTotAmt0141712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0186301
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0160938
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt070009
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0417248
IRS990ScheduleA/TotalSupportAmt0417248
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: PAYMENTS FOR HOUSING. GRANTEE NAME: VARIOUS. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 78,176.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: TRANSACTION FEES. AMOUNT: 1,131. DESCRIPTION: AUTO EXPENSE. AMOUNT: 185. DESCRIPTION: CONFERENCE. AMOUNT: 105. DESCRIPTION: WEBSITE DONATION FEES. AMOUNT: 319. DESCRIPTION: WEBSITE DESIGN. AMOUNT: 150. DESCRIPTION: TAXES AND LICENSES. AMOUNT: 60. DESCRIPTION: DATA PROCESSING. AMOUNT: 110. DESCRIPTION: DUES AND MEMBERSHIP FEES. AMOUNT: 3,489. DESCRIPTION: GASOLINE. AMOUNT: 114. DESCRIPTION: MEALS & ENTERTAINMENT. AMOUNT: 336. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 1,564. DESCRIPTION: OTHER BUSINESS EXPENSES. AMOUNT: 1,534. DESCRIPTION: PARKING. AMOUNT: 5. DESCRIPTION: REPAIR AND MAINTENANCE. AMOUNT: 2,000. DESCRIPTION: TRAVEL. AMOUNT: 1,820. TOTAL TO FORM 990-EZ, LINE 16: 12,922.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: GELT VENTURES LOAN. BEG. OF YEAR AMOUNT: 12,563. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE OFFICERS OF THE GELT FOUNDATION, KEITH WASSERMAN AND DAMIAN LANGERE CONTRIBUTED $16,560 THROUGH THEIR FOR-PROFIT ORGANIZATION, GELT VENTURES, LLC TO COVER THE EXPENSES OF THE ORGANIZATION. THIS $16,560 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
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH WASSERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08189381687
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-24
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091356
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00FE440F5A98FFB269451E13FE5E5CCE30DC08F14
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0531FC4B5BC62161291DE87BC9678240BD7438535
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.60.177.194
ReturnHeader/FilingSecurityInformation/IPDt02020-09-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm015:48:36
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222428965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CITRIN COOPERMAN & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016530 VENTURA BLVD SUITE 305
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENCINO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091436
ReturnHeader/PreparerPersonGrp/PhoneNum08187830570
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON LEVY
ReturnHeader/ReturnTs02020-09-28T16:31:16-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$173,496
Liabilities
$0
Net assets
$173,496
Revenue
$186,301
Expenses
$96,188
Net income
$90,113
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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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. 2019 filings • 501(c)3 • <$500k nonprofits