Civic Intelligence

The Gelt Foundation Inc

EIN 82-1521845 • 501(c)3 • Tarzana, CA

Profile

To be a temporary bridge that helps residents stay in their apartments during an unexpected financial emergency that is outside of their control. We provide qualified residents housing stability by providing rental assistance and financial education designed to help them better manage finances going forward. Our goal is to help clients avoid eviction and/or homelessness and teach them the basic skills in financial management not taught in our education system.

18751 Ventura Blvd 2nd FloorTarzana, CA 91356

residentrelieffoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

34th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

11th percentile

-32%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

13th percentile

-19%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-25%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$543,332

Down $124,647 (-19%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$543,332

Down $124,647 (-19%) from 2021

Operations
Liabilities / Revenue34th percentileNet Margin11th percentile

Revenue

Down

$390,288

Down $130,085 (-25%) from 2021

Expenses

Up

$514,935

Up $103,677 (+25%) from 2021

Net Income

Down

-$124,647

Down $233,762 (-214%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$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

2022

Assets$543,332
Liabilities$0
Net Assets$543,332
Open 2022 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income by year, with the latest 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

2022

Revenue$390,288
Expenses$514,935
Net Income-$124,647
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$543,332
Liabilities
$0
Net assets
$543,332
Revenue
$390,288
Expenses
$514,935
Net income
-$124,647
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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$390,288
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$667,979$543,332▼ $124,647
Rtn Earn Endowment Incm Other Fnds$667,979$543,332▼ $124,647
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$667,979$543,332▼ $124,647
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$667,979$543,332▼ $124,647
Total Liabilities and Net Assets / Fund Balance$667,979$543,332▼ $124,647
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Keith WassermanPresident
Damian LangereDirector
Melissa WassermanDirector
Therese OswaldExecutive Director
Andrew DavisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$390,288
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$390,288
Change in Net Assets
$-124,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$239,488
Salaries, Compensation, and Employee Benefits$190,513
Other Expenses$84,934
Total Fundraising Expense$34,664
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$194,254--$194,254
Other Salaries and Wages-$190,513-$190,513
Grants to Domestic Individuals$45,234--$45,234
Advertising--$34,664$34,664
Fees for Services Accounting-$27,391-$27,391
Fees for Services Other-$5,904-$5,904
Fees for Services Legal$3,350--$3,350
Travel-$2,181-$2,181
Other Expenses$1,817$3,960-$1,817
Office Expenses$79$687-$766
Total Functional Expenses$246,701$233,570$34,664$514,935
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Florence Luxury ApartmentsHouston, TX-Rent Assistance$6,223
1904 Preuss LLCLos Angeles, CA-Rent Assistance$5,200
The BellaPhoenix, AZ-Rent Assistance$5,064
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Director keith wasserman is the brother of director melissa wasserman.”

Form 990, Part VI, Section A, Line 8B

“There are no committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Accounting personnel and independent cpa review and prepare draft 990. Executive director reviews and provides additional information as appropriate. The president reviews and signs the final 990.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is reviewed annually with each officer and director.”

Form 990, Part VI, Section C, Line 19

“Available on guidestar and upon request.”

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
Doing Business As
Resident Relief Foundation

Signing Officer

Name
Keith Wasserman
Title
President
Phone
8189381687
Signed
2023-11-08

Organization Details

Principal Officer
Keith Wasserman
Formed
2017
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
1

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
21650 OXNARD STREET 12TH FLOOR, WOODLAND HILLS, CA 91367
Preparer
Aaron Levy
Phone
8187830570
Supplemental Narrative

Additional Explanations

FORM 990, PART IX:

“The officers of the gelt foundation, keith wasserman and damian langere contributed $123,023 through their for-profit organization, gelt ventures, llc to cover the expenses of the organization. This $123,023 covered all expenses of the organization including website development, professional fees, and taxes, with the sole exception of $1,817 in donation processing fees not covered by donors. All other contributions were used for the exempt purpose of the organization, assisting responsible tenants stay in their apartments.”

Raw XML Appendix372 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
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO HELP RESPONSIBLE TENANTS STAY IN THEIR APARTMENTS DURING AN UNEXPECTED FINANCIAL EMERGENCY.
IRS990/AdvertisingGrp/FundraisingAmt034664
IRS990/AdvertisingGrp/TotalAmt034664
IRS990/AllOtherContributionsAmt0390288
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum08189381687
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt018751 VENTURA BLVD 2ND FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0TARZANA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd091356
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0667979
IRS990/CashNonInterestBearingGrp/EOYAmt0543332
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0390288
IRS990/CYGrantsAndSimilarPaidAmt0239488
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt084934
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-124647
IRS990/CYSalariesCompEmpBnftPaidAmt0190513
IRS990/CYTotalExpensesAmt0514935
IRS990/CYTotalFundraisingExpenseAmt034664
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0390288
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0RENTAL ASSISTANCE IN THE FORM OF GRANTS TO THE PROPERTY/LANDLORD ON BEHALF OF INDIVIDUALS FACING EVICTIONS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0RESIDENT RELIEF FOUNDATION
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0246701
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt027391
IRS990/FeesForServicesAccountingGrp/TotalAmt027391
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt03350
IRS990/FeesForServicesLegalGrp/TotalAmt03350
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt05904
IRS990/FeesForServicesOtherGrp/TotalAmt05904
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt08.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt38.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt48.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0KEITH WASSERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1THERESE OSWALD
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDREW DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm3DAMIAN LANGERE
IRS990/Form990PartVIISectionAGrp/PersonNm4MELISSA WASSERMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0239488
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt045234
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt045234
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0194254
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0194254
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0390288
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt079
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO BE A TEMPORARY BRIDGE THAT HELPS RESIDENTS STAY IN THEIR APARTMENTS DURING AN UNEXPECTED FINANCIAL EMERGENCY THAT IS OUTSIDE OF THEIR CONTROL. WE PROVIDE QUALIFIED RESIDENTS HOUSING STABILITY BY PROVIDING RENTAL ASSISTANCE AND FINANCIAL EDUCATION DESIGNED TO HELP THEM BETTER MANAGE FINANCES GOING FORWARD. OUR GOAL IS TO HELP CLIENTS AVOID EVICTION AND/OR HOMELESSNESS AND TEACH THEM THE BASIC SKILLS IN FINANCIAL MANAGEMENT NOT TAUGHT IN OUR EDUCATION SYSTEM.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0667979
IRS990/NetAssetsOrFundBalancesEOYAmt0543332
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0687
IRS990/OfficeExpensesGrp/ProgramServicesAmt079
IRS990/OfficeExpensesGrp/TotalAmt0766
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1FILING FEES
IRS990/OtherExpensesGrp/Desc2PROCESSING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02934
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13960
IRS990/OtherExpensesGrp/ProgramServicesAmt01967
IRS990/OtherExpensesGrp/ProgramServicesAmt11817
IRS990/OtherExpensesGrp/TotalAmt04901
IRS990/OtherExpensesGrp/TotalAmt13960
IRS990/OtherExpensesGrp/TotalAmt21817
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0190513
IRS990/OtherSalariesAndWagesGrp/TotalAmt0190513
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KEITH WASSERMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0520373
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0140394
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt088334
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0109115
IRS990/PYSalariesCompEmpBnftPaidAmt0182530
IRS990/PYTotalExpensesAmt0411258
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0520373
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-124647
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0667979
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0543332
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0390288
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0520373
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0603887
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0186301
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0160938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01861787
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.66260
IRS990ScheduleA/PublicSupportTotal170Amt01233671
IRS990ScheduleA/SubstantialContributorsTotAmt0628116
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0390288
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0520373
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0603887
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0186301
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0160938
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01861787
IRS990ScheduleA/TotalSupportAmt01861787
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt045234
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0RENT ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt013
IRS990ScheduleI/RecipientTable/CashGrantAmt06223
IRS990ScheduleI/RecipientTable/CashGrantAmt15200
IRS990ScheduleI/RecipientTable/CashGrantAmt25064
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RENT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RENT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RENT ASSISTANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FLORENCE LUXURY APARTMENTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11904 PREUSS LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2THE BELLA
IRS990ScheduleI/RecipientTable/RecipientEIN0873033937
IRS990ScheduleI/RecipientTable/RecipientEIN1566357212
IRS990ScheduleI/RecipientTable/RecipientEIN2854307268
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02250 ELDRIDGE PARKWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12313 DUXBURY CIRCLE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt213616 NORTH 43RD STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/CityNm2PHOENIX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2AZ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077077
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd190034
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd285032
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IN ORDER TO BE ELIGIBLE FOR A GRANT FROM RESIDENT RELIEF FOUNDATION, THE APPLICANT MUST MEET CERTAIN CRITERIA AS SHOWN ON THE WEBSITE. THE FIRST CONSISTS OF CERTAIN RESIDENCY REQUIREMENTS INCLUDING LENGTH OF TENANCY, INTENT TO CONTINUE TO LEASE, LEASE VIOLATIONS AND NUMBER OF LATE PAYMENTS. IF AN APPLICANT MEETS THE RESIDENCY REQUIREMENTS, THEY THEN MUST PROVIDE DOCUMENTATION SHOWING THEIR GOOD FAITH ATTEMPTS TO RECOVER. IN OTHERWARDS, THEY ARE NOT SPENDING FRIVOLOUSLY WHILE NOT PAYING THEIR RENT. SITUATIONS INVOLVING DISQUALIFICATION AT THIS STAGE INCLUDE A PERSON WHO WAS A COMPULSIVE GAMBLER, SOMEONE WHO HAD JUST BOOKED A CRUISE, A PERSON WHO HAD JUST SPENT LARGE SUMS OF MONEY ON CONCERTS, CLOTHING AND AIRFARE, ETC. REQUIRED DUE DILIGENCE DOCUMENTS ARE: 1) LAST 2 PAYSTUBS OR BENEFIT STATEMENTS (IF ANY); 2) LAST 2 MONTHS' BANK STATEMENTS FOR ALL ACCOUNTS INCLUDING SAVINGS, CASH APP HISTORIES; PREVIOUS YEAR'S TAX RETURN OR W2; CREDIT REPORT AND OTHER SUPPORTING DOCUMENTATION AS NECESSARY (E.G. DEATH CERTIFICATE, POLICE REPORT, DISABILITY ORDERS, ETC.) THE APPLICANT MUST ALSO COMPLETE AN ONLINE FINANCIAL EDUCATION PROGRAM PROVIDED TO THEM AT OUR EXPENSE. INITIAL APPLICATIONS AND PROPERTY MANAGERS SUBMISSIONS ARE MADE ONLINE (OR IN THE RARE CIRCUMSTANCE, VIA FAX) AND INFORMATION THEREIN IS KEPT ON THE BACKEND OF THE WEBSITE'S PLATFORM (WORDPRESS). ONLY RRF STAFF AND WEB DEVELOPER HAS ACCESS TO THIS INFORMATION. DISQUALIFIED INDIVIDUALS APPLICATIONS ARE DELETED PERIODICALLY BUT NOT LESS THAN TWICE A YEAR. ONLY APPROVED APPLICANTS INFORMATION IS KEPT. ONCE PRELIMINARY RESIDENCY REQUIREMENTS ARE CONFIRMED (AS DESCRIBED ABOVE), APPLICANTS ARE SENT A SECURE UPLOAD LINK THAT CREATES A SECURE FOLDER ON DROPBOX FOR THEM TO PROVIDE THE REQUIRED DUE DILIGENCE DOCUMENTS. THAT FOLDER IS ONLY ACCESSIBLE TO RESIDENT RELIEF STAFF - THE APPLICANT ONLY HAS ACCESS TO UPLOAD DOCUMENTS, NOT REVIEW THEM AFTERWARDS. ONCE EVERYTHING IS RECEIVED AND THE FINANCIAL PROGRAM FINISHED, THE PACKAGE IS REVIEWED BY THE EXECUTIVE DIRECTOR FOR CONTENT AND QUESTIONS. IN EVERY CASE, A CALL IS SCHEDULED WITH THE APPLICANT TO GO OVER QUESTIONS AND MORE DETAIL AS NECESSARY. EVERY APPLICATION PACKAGE IS PRINTED OUT AND A CHECKLIST IS ATTACHED WITH NOTES FROM CALLS OR ADDITIONAL EMAIL INFORMATION RECEIVED FROM THE APPLICANT OR THE PROPERTY MANAGER. THE AMOUNT OF RENT OWING IS CONFIRMED BY OBTAINING A CURRENT LEDGER, LATE FEES ARE WAIVED WHENEVER POSSIBLE BY THE PROPERTY OR LANDLORD AND THE REQUEST IS WRITTEN UP IN AN EMAIL TO 3 MEMBERS OF THE BOARD (APPROVAL COMMITTEE) TO REVIEW, ASK QUESTIONS AND ULTIMATELY APPROVE OR DENY. ONCE APPROVED, THE LANDLORD IS NOTIFIED, PAYMENT INSTRUCTIONS CONFIRMED AND PAYMENT IS SENT DIRECTLY TO THE LANDLORD PER THE LEASE. THE APPLICANT IS ALSO NOTIFIED AND RECEIVES A GRANT CONFIRMATION VIA EMAIL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt03
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTOR KEITH WASSERMAN IS THE BROTHER OF DIRECTOR MELISSA WASSERMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTING PERSONNEL AND INDEPENDENT CPA REVIEW AND PREPARE DRAFT 990. EXECUTIVE DIRECTOR REVIEWS AND PROVIDES ADDITIONAL INFORMATION AS APPROPRIATE. THE PRESIDENT REVIEWS AND SIGNS THE FINAL 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH EACH OFFICER AND DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE ON GUIDESTAR AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE OFFICERS OF THE GELT FOUNDATION, KEITH WASSERMAN AND DAMIAN LANGERE CONTRIBUTED $123,023 THROUGH THEIR FOR-PROFIT ORGANIZATION, GELT VENTURES, LLC TO COVER THE EXPENSES OF THE ORGANIZATION. THIS $123,023 COVERED ALL EXPENSES OF THE ORGANIZATION INCLUDING WEBSITE DEVELOPMENT, PROFESSIONAL FEES, AND TAXES, WITH THE SOLE EXCEPTION OF $1,817 IN DONATION PROCESSING FEES NOT COVERED BY DONORS. ALL OTHER CONTRIBUTIONS WERE USED FOR THE EXEMPT PURPOSE OF THE ORGANIZATION, ASSISTING RESPONSIBLE TENANTS STAY IN THEIR APARTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0667979
IRS990/TotalAssetsEOYAmt0543332
IRS990/TotalAssetsGrp/BOYAmt0667979
IRS990/TotalAssetsGrp/EOYAmt0543332
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0390288
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt034664
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0233570
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0246701
IRS990/TotalFunctionalExpensesGrp/TotalAmt0514935
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0667979
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0543332
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0246701
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0390288
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0667979
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0543332
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02181
IRS990/TravelGrp/TotalAmt02181
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt018751 VENTURA BLVD 2ND FLOOR
IRS990/USAddress/CityNm0TARZANA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091356
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0RESIDENTRELIEFFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH WASSERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08189381687
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GELT FOUNDATION INC
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/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0872525370
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CITRIN COOPERMAN ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021650 OXNARD STREET 12TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOODLAND HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091367
ReturnHeader/PreparerPersonGrp/PhoneNum08187830570
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON LEVY
ReturnHeader/ReturnTs02023-11-12T12:24:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEITH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WASSERMAN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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