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The Gelt Foundation Inc

Resident Relief Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 821521845 ✦ Tarzana, CA ✦ Designated as a 501(c)(3)

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Overview

What is The Gelt Foundation Inc?

The Gelt Foundation Inc, operating under the name Resident Relief Foundation, is a nonprofit organization based in Tarzana, California. With a team of three dedicated individuals, their primary mission is to assist responsible tenants who are facing financial emergencies, thereby preventing evictions and potential homelessness. They achieve this by offering rental assistance grants directly to property owners or landlords on behalf of the individuals in need. Furthermore, The Gelt Foundation Inc provides financial education to help their clients better manage their finances, with the ultimate goal of fostering long-term financial stability.


Official website here: www.residentrelieffoundation.org

Is The Gelt Foundation Inc legitimate?

The Gelt Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gelt Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,513

For more financial information, click here


Official website here: www.residentrelieffoundation.org

What is the mission statement of The Gelt Foundation Inc?

The Gelt Foundation Inc's mission is to serve as a temporary solution for residents facing financial emergencies, preventing eviction and homelessness. By providing rental assistance and financial education, the foundation aims to help individuals manage their finances more effectively in the future. The organization's goal is to bridge the gap during unexpected financial hardships and teach essential financial management skills, which are often overlooked in traditional education systems.


Official website here: www.residentrelieffoundation.org

Who is the CEO of The Gelt Foundation Inc?

Keith Wasserman is the President of The Gelt Foundation Inc.


Official website here: www.residentrelieffoundation.org

What is the revenue of The Gelt Foundation Inc?

The Gelt Foundation Inc's revenue in 2022 was $390,288.


Official website here: www.residentrelieffoundation.org

Who are the executives of The Gelt Foundation Inc and what are their salaries?

The average compensation at The Gelt Foundation Inc during 2022 was $63,504. There are 3 employees and 1 volunteer at The Gelt Foundation Inc.


Here are 5 key members and their salaries:


Keith Wasserman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Therese Oswald (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Davis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damian Langere (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Wasserman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.residentrelieffoundation.org

Where can I find the form 990 for The Gelt Foundation Inc?

The Gelt Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.residentrelieffoundation.org

Learn more at the official website: www.residentrelieffoundation.org

Mission Statement of The Gelt Foundation Inc

The Gelt Foundation Inc, with a mission to aid responsible tenants, serves as a temporary solution during unexpected financial emergencies that are beyond their control. The organization's primary objective is to provide housing stability for qualified residents by offering rental assistance. This assistance helps them avoid eviction and homelessness, ensuring they can continue living in their apartments.

In addition to financial aid, The Gelt Foundation Inc also offers educational resources to help residents better manage their finances going forward. Their educational programs aim to teach the fundamental skills in financial management that are often overlooked in our educational system. By equipping these individuals with the necessary financial literacy, The Gelt Foundation Inc empowers them to maintain financial stability in the long term. This holistic approach, combining financial assistance and education, enables The Gelt Foundation Inc to make a significant impact in the lives of those it serves.

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Impact




October, 2024

The Gelt Foundation Inc significantly impacts the lives of individuals facing unexpected financial emergencies by providing essential rental assistance. By offering grants directly to landlords on behalf of responsible tenants at risk of eviction, the foundation acts as a crucial lifeline, preventing homelessness and ensuring housing stability for residents in Tarzana, CA.

In addition to financial support, The Gelt Foundation focuses on empowering individuals through financial education. This approach equips clients with vital skills in managing their finances, addressing gaps often overlooked in traditional education systems. By fostering housing stability and promoting financial literacy, The Gelt Foundation helps build a more resilient community, ultimately reducing the risk of eviction and homelessness. The foundation's comprehensive mission underscores its commitment to supporting residents during challenging times while promoting long-term financial well-being.




This information is meant to be a general summary of The Gelt Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$390,288 (2022)
Expenses
$514,935 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $390,288

Assets and Liabilities:

  • Total Assets: $543,332
  • Total Liabilities: $0
  • Net Assets: $543,332

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Organization Details

Founding Year

2017

Principal Officer

Keith Wasserman

Main Address

18751 VENTURA BLVD 2ND FLOOR, TARZANA, CA, 91356

NTEE Category

Code: P60 - Human services

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