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.
Key facts about The Gelt Foundation Inc
In short: The Gelt Foundation Inc gave $23K across 4 grants in 2023 (avg $6K), top state Arizona. Source: 2023 IRS Form 990 filing.
- EIN
- 82-1521845
- Latest 990 filing
- Form 990 filing, 2023
- Annual giving (2023)
- $22,578
- Grants made (2023)
- 4
- Average grant
- $5,645
- Median grant
- $5,322
- Primary geography
- Arizona (47% of itemized 2023 grant dollars)
Data from IRS Form 990 filing, 2023; updated September 2026.
Financial Overview
From 2023 IRS Form 990 filing · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$23K
+36.9% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$6K
+2.7% YoY
How The Gelt Foundation Inc gives
- Giving held roughly steady from 2020 to 2023 (+6%). Method
From the foundation's IRS Form 990 filings. Methodology.
About The Gelt Foundation Inc
Based on IRS filings
The Gelt Foundation Inc is a nonprofit organization focused on Human Services, based in Los Angeles, CA. IRS filing data is available from 2020 through 2023. In 2023, it awarded 4 grants totaling $23K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $6K (2021) to $23K (2023). In 2023 it made 4 grants totaling $23K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2023
The largest 2023 recipient was Best Values Real Estate LLC ($7K). Together the top 4 received $23K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Best Values Real Estate LLC Denver, CO | Rent Assistance | $6,760 |
| On Q Property Management Gilbert, AZ | Rent Assistance | $5,380 |
| Sanders House LLC Woodland Hills, CA | Rent Assistance | $5,263 |
| Banning Investment Group LLC Gilbert, AZ | Rent Assistance | $5,175 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $543,332 | $667,979 |
| Revenue | $120,794 | $390,288 | $520,373 |
| Expenses | $664,126 | $514,935 | $411,258 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
Leadership & Key People
Officers and directors from IRS filings
The Gelt Foundation Inc is led by Keith Wasserman, President on every filing since 2020; none of the 5 officers listed in 2023 report compensation.
Officers on the 2023 filing
Keith Wasserman
President
On filings since 2020
8 hrs/week
No compensation reported
Therese Oswald
Executive Director
On filings since 2020
40 hrs/week
No compensation reported
Damian Langere
Director
On filings since 2020
8 hrs/week
No compensation reported
Melissa Wasserman
Director
On filings since 2020
8 hrs/week
No compensation reported
Mya To
Treasurer
New on the 2023 filing
2 hrs/week
No compensation reported
Former officers (1)
- Former: Andrew Davis (2020–2022) — Treasurer
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Gelt Foundation Inc
How much does The Gelt Foundation Inc give each year?
The Gelt Foundation Inc gave $23K across 4 grants in 2023, according to its 2023 IRS Form 990 filing. In 2022 it gave $16K across 3 grants.
What is The Gelt Foundation Inc's typical grant size?
The Gelt Foundation Inc's median grant in 2023 was $5,322, and its average grant was $5,645, across 4 grants on its 2023 IRS Form 990 filing.
Where does The Gelt Foundation Inc give grants?
The Gelt Foundation Inc's top state is Arizona, with 47% of the grant dollars itemized on its 2023 IRS Form 990 filing. The next largest states were Colorado (30%) and California (23%). The most frequent recipient cities were Gilbert, AZ (2 grants).
Does The Gelt Foundation Inc give general operating support?
Not in 2023: none of the 4 grants with a stated purpose on The Gelt Foundation Inc's 2023 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Rent Assistance" (4 grants).
What is The Gelt Foundation Inc?
The Gelt Foundation Inc is a nonprofit organization focused on Human Services, based in Los Angeles, CA.
What is The Gelt Foundation Inc's EIN?
The Gelt Foundation Inc's EIN (Employer Identification Number) is 82-1521845. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching The Gelt Foundation Inc by hand.
Explore Open Grants
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