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Nonprofit · EIN 33-0362163

DECRO CORPORATION

Tax-exempt · CULVER CITY, CA 90232

Financials

$15.2M$20.4M2024
Revenue Expenses · by fiscal year end
Financials of DECRO CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$15,231,464$20,416,139-$5,184,675$276,505,417$271,278,715$5,226,702
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,713,118
of which government grants
$2,698,118
Program service revenue
$8,621,040
Investment income
$3,396,692
Net gain from sales of assets
$3,322,047
Other revenue
$500,614

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$294,268
Other salaries and wages
$2,028,912
Salaries, compensation and benefits (total)
$3,113,736
Professional fundraising fees
$0
Legal fees
$108,082
Accounting fees
$125,775
Occupancy
$10,392,762
Depreciation
$4,794,565
Program services (functional)
$19,635,068
Management and general (functional)
$781,071

Balance sheet and other

Total assets, start of year
$254,630,842
Total assets, end of year
$276,505,417
Total liabilities, end of year
$271,278,715
Net assets, end of year
$5,226,702
Land, buildings and equipment
$258,893,548
Net assets without donor restrictions
$5,226,702
Gross receipts
$16,059,417
Employees
10
Volunteers
0
Year formed
1989
State of legal domicile
CA

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
TED HANDELCHIEF EXECUTIVE OFFICER
Officer
1$288,493$5,775
ERIN FOREMANSENIOR PROJECT MANAGER
Key employee
0.2$170,151$5,100
TERRI O'HARACONTROLLER
Key employee
0.2$170,342$0
NICOLE WILLICKDIRECTOR OF RESIDENT & COMMUNITY ENGAGEMENT
Key employee
0.2$164,651$0
EMMANUEL CHOICEASSET MANAGER
Highest-paid employee
0.2$123,719$0
CHRISTIAN VON MERKATZCHAIR
Trustee or director, Officer
1$0$0
IRENE CHOIVICE CHAIR
Trustee or director, Officer
1$0$0
ALEXANDER J NWEEIATREASURER
Trustee or director, Officer
1$0$0
MEG BABAKHANIANSECRETARY
Trustee or director, Officer
1$0$0
PAUL PIEROTHDIRECTOR
Trustee or director
1$0$0
J WARREN AVERYDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
3431 WESLEY ST STE F, CULVER CITY, CA 90232-2365
Principal officer (990 for 2024)
TED HANDEL, 3431 WESLEY STREET F, CULVER CITY, CA 90232
Signed the 990
TED HANDEL, CEO
Phone
(424) 403-4586
Return prepared by
DAUBY O'CONNOR & ZALESKI LLC

Mission

THE CORPORATION IS TO PROVIDE AFFORDABLE, SAFE AND WELL-MAINTAINED HOUSING AND SERVICES FOR LOW-INCOME FAMILIES AND SENIORS.

990 for the year ended December 31, 2024

Program accomplishments

  • AS OF DECEMBER 31, 2024, THE CORPORATION OR THE CORPORATION'S WHOLLY OWNED ENTITIES ARE THE GENERAL PARTNER, CO-GENERAL PARTNER, DEVELOPMENT GENERAL PARTNER AND/OR LIMITED PARTNER IN 24 ENTITIES WHICH ALL OPERATE OR INTEND TO OPERATE LOW-INCOME AFFORDABLE HOUSING PROJECTS. THE CORPORATION ALSO PROVIDES MANAGEMENT SERVICES TO SIX CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATIONS THAT WERE OR ARE THE MANAGING GENERAL PARTNER, CO-GENERAL PARTNER, DEVELOPMENT GENERAL PARTNER OR LIMITED PARTNER IN ENTITIES WHICH OPERATE LOW-INCOME HOUSING PROPERTIES. COLLECTIVELY THESE ENTITIES ARE ALL CONTROLLED BY A COMMON BOARD OF DIRECTORS.
    Expenses $19,635,068 · revenue $11,943,087

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
33-0362163
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1993
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$276,505,417
Income (IRS master file)
$16,059,417

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$10,782,632$17,458,101$254,630,842IRS
990December 2022$8,085,228$11,134,335$213,147,486IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about DECRO CORPORATION

What is the EIN of DECRO CORPORATION?
The employer identification number (EIN) of DECRO CORPORATION is 33-0362163.
Is DECRO CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to DECRO CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DECRO CORPORATION 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 DECRO CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DECRO CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DECRO CORPORATION?
The 990 for the year ended December 31, 2024 names TED HANDEL.
Who are the officers and directors of DECRO CORPORATION?
The 990 for the year ended December 31, 2024 lists 11 people; 5 received compensation from the organization, the highest $288,493 (TED HANDEL, CHIEF EXECUTIVE OFFICER).
How much revenue does DECRO CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $15,231,464, expenses of $20,416,139 and total assets of $276,505,417 at year end.

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