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THE GELT FOUNDATION INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE GELT FOUNDATION INC (EIN 82-1521845)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-10
IRS object ID
202203149349306935
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-10T16:47:19-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN872525370PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CITRIN COOPERMAN ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line121650 OXNARD STREET 12TH FLOORAddressLine1Txt
CityWOODLAND HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91367ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN821521845EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE GELT FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGELTBusinessNameControlTxt
Phone8189381687PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line118751 VENTURA BLVD 2ND FLOORAddressLine1Txt
CityTARZANACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91356ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKEITH WASSERMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8189381687PhoneNum
Signature2022-11-08SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKEITHPersonFirstNm
Person LastWASSERMANPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAARON LEVYPreparerPersonNm
PTINP01244161PTIN
Phone8187830570PhoneNum
Preparation2022-11-03PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1RESIDENT RELIEF FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerKEITH WASSERMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line118751 VENTURA BLVD 2ND FLOORAddressLine1Txt
CityTARZANACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91356ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$520,373GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressRESIDENTRELIEFFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2017FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionTO HELP RESPONSIBLE TENANTS STAY IN THEIR APARTMENTS DURING AN UNEXPECTED FINANCIAL EMERGENCY.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers1TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$603,887PYContributionsGrantsAmt
CY Contributions Grants$520,373CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$603,887PYTotalRevenueAmt
CY Total Revenue$520,373CYTotalRevenueAmt
PY Grants And Similar Paid$148,746PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$140,394CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$182,530CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$42,416CYTotalFundraisingExpenseAmt
PY Other Expenses$73,062PYOtherExpensesAmt
CY Other Expenses$88,334CYOtherExpensesAmt
PY Total Expenses$221,808PYTotalExpensesAmt
CY Total Expenses$411,258CYTotalExpensesAmt
PY Revenues Less Expenses$382,079PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$109,115CYRevenuesLessExpensesAmt
Total Assets BOY$558,864TotalAssetsBOYAmt
Total Assets EOY$667,979TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$558,864NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$667,979NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$148,464ExpenseAmt
Grant$140,394GrantAmt
DescRENTAL ASSISTANCE IN THE FORM OF GRANTS TO THE PROPERTY/LANDLORD ON BEHALF OF INDIVIDUALS FACING EVICTIONSDesc
Total Program Service Expenses$148,464TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document57IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8189381687PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line118751 VENTURA BLVD 2ND FLOORAddressLine1Txt
CityTARZANACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91356ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KEITH WASSERMAN
PRESIDENT8.00Yes (X)Yes (X)$0$0$0
THERESE OSWALD
EXECUTIVE DIRECTOR40.00Yes (X)Yes (X)$0$0$0
ANDREW DAVIS
TREASURER2.00Yes (X)Yes (X)$0$0$0
DAMIAN LANGERE
DIRECTOR8.00Yes (X)$0$0$0
MELISSA WASSERMAN
DIRECTOR8.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$520,373AllOtherContributionsAmt
Total Contributions$520,373TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$520,373TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$109,965TotalAmt
Program Services$109,965ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$30,429TotalAmt
Program Services$30,429ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$182,530TotalAmt
Management And General$182,530ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,632TotalAmt
Program Services$3,632ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$28,689TotalAmt
Management And General$28,689ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$374TotalAmt
Management And General$374ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$42,416TotalAmt
Fundraising$42,416FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,035TotalAmt
Program Services$370ProgramServicesAmt
Management And General$1,665ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,210TotalAmt
Management And General$3,210ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,059TotalAmt
Management And General$1,059ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
DUES & SUBSCRIPTIONS$4,486$1,800$2,686
PROCESSING FEES$2,268$2,268
FILING FEES$165$165

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$411,258TotalAmt
Program Services$148,464ProgramServicesAmt
Management And General$220,378ManagementAndGeneralAmt
Fundraising$42,416FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$558,864BOYAmt
EOY$667,979EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$558,864BOYAmt
EOY$667,979EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$558,864BOYAmt
EOY$667,979EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$558,864BOYAmt
EOY$667,979EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$558,864BOYAmt
EOY$667,979EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$109,115ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$70,009CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$160,938CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$186,301CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$603,887CurrentTaxYearMinus1YearAmt
Current Tax Year$520,373CurrentTaxYearAmt
Total$1,541,508TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$70,009CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$160,938CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$186,301CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$603,887CurrentTaxYearMinus1YearAmt
Current Tax Year$520,373CurrentTaxYearAmt
Total$1,541,508TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$467,718SubstantialContributorsTotAmt
Public Support Total170$1,073,790PublicSupportTotal170Amt
Total Support$1,541,508TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1GRAND RESERVE AT PAVILIONS LPBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11801 WILLOW HAVEN LANEAddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28262ZIPCd
FieldValueIRS element (for citing)
Recipient EIN821054585RecipientEIN
Cash Grant$5,706CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantRENT ASSISTANCEPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org0Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeRENT ASSISTANCEGrantTypeTxt
Recipient11RecipientCnt
Cash Grant$30,429CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationIN 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.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2DIRECTOR KEITH WASSERMAN IS THE BROTHER OF DIRECTOR MELISSA WASSERMAN.
FORM 990, PART VI, SECTION A, LINE 8BTHERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BACCOUNTING 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 12CTHE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH EACH OFFICER AND DIRECTOR.
FORM 990, PART VI, SECTION C, LINE 19AVAILABLE ON GUIDESTAR AND UPON REQUEST.
FORM 990, PART IX:THE OFFICERS OF THE GELT FOUNDATION, KEITH WASSERMAN AND DAMIAN LANGERE CONTRIBUTED $233,616 THROUGH THEIR FOR-PROFIT ORGANIZATION, GELT VENTURES, LLC TO COVER THE EXPENSES OF THE ORGANIZATION. THIS $233,616 COVERED ALL EXPENSES OF THE ORGANIZATION INCLUDING WEBSITE DEVELOPMENT, PROFESSIONAL FEES, AND TAXES, WITH THE SOLE EXCEPTION OF $2,268 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.

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