THE GELT FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE GELT FOUNDATION INC

EIN 82-1521845 · Emergency Assistance (P60)

What they do

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.

Before you give

Are they doing good?

Easy charity check

Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

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

They name their leaders5 people are listed in the latest report.

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

Money made simple

$549.80spent for every $100 of revenueSpending was higher than revenue this year.

$41.90of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.

100.0%of its money came from giftsOther money may come from services or investments.

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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 $543,332 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

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.

Money in and money out

Revenue$120,794

Expenses$664,126

Annual shortfall $543,332 Expenses were higher than revenue for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$278,329 · 41.9% of expenses

Grants paid$66,067 · 9.9% of expenses

See all reported dollar amounts

Revenue$120,794

Expenses$664,126

Income$603,887

Contributions$120,794

Grants given$66,067

Average grant$6,006

Management and general$278,329

Accounting fees$33,871

People

Leadership and board

Tax year 2023

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

See everyone listed on the board or leadership roster (5)

DAMIAN LANGEREDIRECTOR

KEITH WASSERMANPRESIDENT

MELISSA WASSERMANDIRECTOR

MYA TOTREASURER

THERESE OSWALDEXECUTIVE DIRECTOR

About this charity

Location: 11726 SAN VICENTE BLVD SUITE 500, LOS ANGELES, CA 90049
County: Los Angeles
In care of: KEITH WASSERMAN
Primary officer: KEITH WASSERMAN, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(818) 938-1687

Filing and classification

Latest tax year: 2023
Tax period began: January 1, 2023
Return type: 990
Tax preparer: CITRIN COOPERMAN ADVISORS LLC
NTEE classification: Emergency Assistance (P60)
IRS tax category: Emergency Assistance
Grant-giving organization: Yes