THE TOWERS FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE TOWERS FOUNDATION INC

EIN 06-1331831 · Senior Citizens Housing & Retirement Communities (L22)

What they do

THE PURPOSES of THE CORPORATION ARE to PROVIDE RESOURCES to THE NEW HAVEN JEWISH COMMUNITY COUNCIL HOUSING CORPORATION (DBA THE TOWERS AT TOWER LANE and REFERRED to IN THESE BYLAWS AS "THE TOWERS") IN SUPPORT of THE TOWERS MISSION AS SET FORTH IN ARTICLE 2 of ITS CERTIFICATE of INCORPORATION ON FILE IN THE OFFICE of THE SECRETARY of THE STATE of CONNECTICUT. IN CARRYING OUT ITS PURPOSES, THE CORPORATION SHALL ACT EXCLUSIVELY AS A SUPPORTING ORGANIZATION, AS DESCRIBED IN SECTION 509(A)(3) of THE INTERNAL REVENUE CODE (THE "CODE"), BY OPERATING for THE BENEFIT OF, PERFORMING FUNCTIONS OF, or CARRYING OUT PURPOSES of THE TOWERS.) FURTHER PROVIDED, IN THE EVENT of ANY CONFLICT BETWEEN THE PURPOSES SET FORTH IN THESE BYLAWS and THOSE SET FORTH IN ITS CERTIFICATE of INCORPORATION, THE PROVISIONS of THE CERTIFICATE of INCORPORATION SHALL PREVAIL.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

94.11%of revenue went to mission work78.8% of expenses · Program services

13.86%of revenue went to fundraising11.6% of expenses

$119.37spent for every $100 of revenueSpending was higher than revenue this year.

11.40%of revenue went to management and office costs9.5% of expenses

$1.50in assets for every $1 spent this yearSome assets cannot be spent right away.

49.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $292,875 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $30,197 for JOHN HEYDER (CFO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,512,288

Mission workProgram services$1,423,26894.11% of revenue78.8% of expenses

ManagementOffice and general costs$172,33111.40% of revenue9.5% of expenses

FundraisingAsking for donations$209,56413.86% of revenue11.6% of expenses

Total expenses$1,805,163119.37% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.8% mission · 9.5% management · 11.6% fundraisingTotal expenses: 119.37% of revenue

2023Expense mix: 80.8% mission · 11.3% management · 8.0% fundraisingTotal expenses: 127.91% of revenue

2022Expense mix: 71.3% mission · 15.9% management · 12.8% fundraisingTotal expenses: 56.39% of revenue

2021Expense mix: 69.8% mission · 19.2% management · 10.9% fundraisingTotal expenses: 66.80% of revenue

2020Expense mix: 73.9% mission · 17.3% management · 8.8% fundraisingTotal expenses: 95.15% of revenue

2019Expense mix: 62.6% mission · 26.8% management · 10.5% fundraisingTotal expenses: 73.62% of revenue

2018Expense mix: 52.9% mission · 32.7% management · 14.4% fundraisingTotal expenses: 118.18% of revenue

2016Expense mix: 44.4% mission · 11.8% management · 43.8% fundraisingTotal expenses: 74.36% of revenue

Money in and money out

Revenue$1,512,288

Expenses$1,805,163

Annual shortfall $292,875 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,423,268 · 78.8% of expenses

Management and office costs$172,331 · 9.5% of expenses

Fundraising$209,564 · 11.6% of expenses

See all reported dollar amounts

Revenue$1,512,288

Expenses$1,805,163

Assets$2,715,578

Income$1,512,288

Contributions$750,702

Mission work (program services)$1,423,268

Fundraising$209,564

Grants given$1,679,096

Average grant$419,774

Management and general$172,331

Accounting fees$27,638

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JOHN HEYDERCFO · 5 hrs/week $30,197Base · Other $30,197

GUSTAVE KEACH-LONGOPRESIDENT & CEO · 5 hrs/week $28,174Base · Other $28,174

JENNIFER BARON BAYERVICE PRESIDENT OF STRATEGIC INITIATIVES · 18 hrs/week $15,651Base · Other $15,651

JESSE WESCOTTVICE PRESIDENT · 5 hrs/week $14,994Base · Other $14,994

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

JOHN HEYDERCFO

GUSTAVE KEACH-LONGOPRESIDENT & CEO

JENNIFER BARON BAYERVICE PRESIDENT OF STRATEGIC INITIATIVES

JESSE WESCOTTVICE PRESIDENT

CINDY LEFELLIMMEDIATE PAST CHAIR

DR STEPHANIE JACOBSONDIRECTOR

JAMIE ZUBOFFVICE CHAIR

LINDA CEDARBAUMBOARD CHAIR

LINDA RANDELLSECRETARY

LORI BROCHINDIRECTOR

ROBERT COLEDIRECTOR

ROBERT GITTLEMANTREASURER

About this charity

Recognized since: January 1993
Location: 18 TOWER LANE, NEW HAVEN, CT 06519
County: New Haven
In care of: GUSTAVE KEACH-LONGO
Primary officer: GUSTAVE KEACH-LONGO, CEO

How to reach them

Phone(203) 772-1816

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: COHNREZNICK ADVISORY LLC
NTEE classification: Senior Citizens Housing & Retirement Communities (L22)
IRS tax category: Senior Citizens Housing & Retirement Communities
Grant-giving organization: Yes