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        <BusinessNameLine1Txt>THE GELT FOUNDATION INC</BusinessNameLine1Txt>
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      <PrimaryExemptPurposeTxt>TO HELP RESPONSIBLE TENANTS STAY IN THEIR APARTMENTS DURING AN UNEXPECTED FINANCIAL EMERGENCY.</PrimaryExemptPurposeTxt>
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        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID</FormAndLineReferenceDesc>
        <ExplanationTxt>ACTIVITY CLASSIFICATION: PAYMENTS FOR HOUSING. GRANTEE NAME: VARIOUS. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 98,343.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES</FormAndLineReferenceDesc>
        <ExplanationTxt>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.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES</FormAndLineReferenceDesc>
        <ExplanationTxt>DESCRIPTION: GELT VENTURES LOAN. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 12,563.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990 EZ, PART I</FormAndLineReferenceDesc>
        <ExplanationTxt>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.</ExplanationTxt>
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