Nonprofit · EIN 06-1331831
THE TOWERS FOUNDATION INC
Tax-exempt · NEW HAVEN, CT 06519
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,512,288 | $1,805,163 | -$292,875 | $2,715,578 | $252,626 | $2,462,952 |
| June 30, 2024 | 990 | $1,133,381 | $1,449,754 | -$316,373 | $2,880,342 | $158,072 | $2,722,270 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $750,702
- Program service revenue
- $494,720
- Investment income
- $51,520
- Net rental income
- $211,419
- Other revenue
- $215,346
Expenses
- Grants and similar amounts paid
- $731,092
- Other salaries and wages
- $353,486
- Salaries, compensation and benefits (total)
- $406,369
- Professional fundraising fees
- $0
- Accounting fees
- $27,638
- Occupancy
- $41,304
- Travel
- $2,632
- Depreciation
- $43,907
- Program services (functional)
- $1,423,268
- Management and general (functional)
- $172,331
- Fundraising (functional)
- $209,564
Balance sheet and other
- Total assets, start of year
- $2,880,342
- Total assets, end of year
- $2,715,578
- Total liabilities, end of year
- $252,626
- Net assets, end of year
- $2,462,952
- Land, buildings and equipment
- $644,279
- Net assets without donor restrictions
- $1,462,779
- Net assets with donor restrictions
- $1,000,173
- Gross receipts
- $1,512,288
- Employees
- 5
- Volunteers
- 449
- Year formed
- 1991
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GUSTAVE KEACH-LONGO | PRESIDENT & CEO Officer | 5 | $0 | $257,546 | $28,174 |
| JOHN HEYDER | CFO Officer | 5 | $0 | $133,592 | $30,197 |
| JENNIFER BARON BAYER | VICE PRESIDENT OF STRATEGIC INITIATIVES Highest-paid employee | 17.5 | $0 | $144,405 | $15,651 |
| JESSE WESCOTT | VICE PRESIDENT Highest-paid employee | 5 | $0 | $129,916 | $14,994 |
| CINDY LEFELL | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR STEPHANIE JACOBSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMIE ZUBOFF | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDA CEDARBAUM | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LINDA RANDELL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LORI BROCHIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT COLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT GITTLEMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GUSTAVE KEACH-LONGO | PRESIDENT & CEO Officer | 5 | $0 | $265,686 | $28,465 |
| JOHN HEYDER | CFO Officer | 5 | $0 | $127,729 | $13,807 |
| JENNIFER BARON BAYER | VICE PRESIDENT OF STRATEGIC INITIATIVES Highest-paid employee | 17.5 | $0 | $122,333 | $13,017 |
| JESSE WESCOTT | VICE PRESIDENT Highest-paid employee | 5 | $0 | $106,080 | $26,670 |
| CINDY LEFFELL | OUTGOING IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DONNA FEDUS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR STEPHANIE JACOBSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ELLEN IEAD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIK JOHNSON | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GAYLE SLOSSBERG | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| INA SILVERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMIE ZUBOFF | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDA CEDARBAUM | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LINDA RANDELL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LORI BROCHIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARC OLINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RENEE DRELL | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT COLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT GITTLEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT KATZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SAMMY PARRY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 18 TOWER LANE, NEW HAVEN, CT 06519-1764
- Principal officer (990 for 2024)
- GUSTAVE KEACH-LONGO, 18 TOWER LANE, NEW HAVEN, CT 06519
- Signed the 990
- GUSTAVE KEACH-LONGO, CEO
- Phone
- (203) 772-1816
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
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.
Program accomplishments
- 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.Expenses $1,423,268 · grants $731,092 · revenue $498,647
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1331831
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,715,578
- Income (IRS master file)
- $1,512,288
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,512,288 | $1,805,163 | $2,715,578 | XML |
| 990 | June 2024 | $1,133,381 | $1,449,754 | $2,880,342 | XML |
| 990 | June 2023 | $1,940,196 | $1,094,041 | $3,122,597 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1331831).
Questions about THE TOWERS FOUNDATION INC
- What is the EIN of THE TOWERS FOUNDATION INC?
- The employer identification number (EIN) of THE TOWERS FOUNDATION INC is 06-1331831.
- Is THE TOWERS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to THE TOWERS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE TOWERS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE TOWERS FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE TOWERS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE TOWERS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names GUSTAVE KEACH-LONGO.
- Who are the officers and directors of THE TOWERS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does THE TOWERS FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,512,288, expenses of $1,805,163 and total assets of $2,715,578 at year end.
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