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Hecht Serotta Gemach FY2023 filing

Tax-deductible

Houston, TX501(c)(3)Foundations & Grantmakers EIN 27-4003893Revenue $63K in FY2023Latest return filed Nov 17, 2025

On file with the IRSHouston, TXTax-exempt since Apr 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Low interest or no interest loans or grants to needy individuals or needy organizations

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $118K a year · 22% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $400
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$63K
-54% vs prior year
Spent
$171K
To programs
100%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$63K
FY2023▼ -54%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$17K
FY2022$135K
FY2023$63K
FY2024$544K
Expenses
$171K
FY2023▲ +153%
Tap a bar for its year
Expenses by fiscal year
FY2020$11K
FY2021$58K
FY2022$67K
FY2023$171K
FY2024$1.8M
Net assets
$2.9M
FY2023▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.0M
FY2022$3.0M
FY2023$2.9M
FY2024$3.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $171K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Aaron Berger
Director
$0Pt VII · Sec A
Gary Wender
Director
$0Pt VII · Sec A
See Hecht Serotta Gemach executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides low-interest loans or grants to individuals and organizations in need.

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2 programs · $3K · in their own filed words · FY2023
01

Provided no interest loans or grants to needy individuals

$3Kprogram expense
02

Provided no interest loans or grants to needy 501 (c) 3 organizations

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
The Zev and Susan Munk Family FoundationFY2023$400
Total grants receivedfrom 1 funder$400
Grants paid · 8 grants · $216K · 2021–2023
Unitemized GrantFY2023$113,781
Young Israel of HoustonFY2023$33,000
Bnos Yisroel of Houston INCTX · FY2023$10,000
Tag of HoustonTX · FY2023$9,696
Bnos Yisroel of Houston INCTX · FY2022$11,000
The Houston MesivtaTX · FY2021$20,000
Bnos Yisroel of Houston INCTX · FY2021$13,000
Individual RecipientFY2021$6,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$63K
Ln 12
Gifts and grantsLn 1h$63K
Money outPt IX
$171K
Ln 25
Programscol B$171K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$90K
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$63K
Total revenueLn 12$63K
Assets in detailPt X, end of year
CashLn 1$90K
Cash and savings togetherLn 1–2$90K
Notes and loans receivableLn 7$1.4M
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$139K$90K
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$3.0M$2.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.0M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$54K$54K
Grants to domestic individualsLn 2$114K$114K
Other fees for servicesLn 11g$2K$2K
Other expenses (24a–d)Ln 24$765$765
Total functional expensesLn 25$171K$171K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $544K$1.8M−$1.3M$3.7M 990 PDF
FY2023 ViewingFiled with the IRS Nov 15, 2024 $63K$171K−$108K$2.9M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $135K$67K$67K$3.0M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $17K$58K−$41K$3.0M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $2.0M$11K$1.9M$3.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $62,640 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $134,764$62,640
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $134,764$62,640
I-13 Grants and similar amounts paidPrior year $61,350$167,477
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,033$3,061
I-18 Total expensesPrior year $67,383$170,538
I-19 Revenue less expensesPrior year $67,381−$107,898
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $62,640 across 3 lines filed
VIII-1f All other contributions, gifts and grants$62,640
VIII-1h Total contributions, gifts and grants$62,640
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$62,640
Part IX · Statement of functional expenses $170,538 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $53,696$53,696
IX-2 Grants to domestic individualsPrograms $113,781$113,781
IX-11g Other fees for servicesPrograms $2,296$2,296
IX-24 Other expenses (24a–d)Programs $765$765
IX-25 Total functional expensesPrograms $170,538 · Management $0 · Fundraising $0$170,538
Part X · Balance sheet $2,913,336 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $139,437$90,135
X-7 Notes and loans receivableStart of year $1,431,297$1,372,701
X-10c Land, buildings and equipment, netStart of year $1,450,500$1,450,500
X-16 Total assetsStart of year $3,021,234$2,913,336
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $139,437$90,135
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $2,881,797$2,823,201
X-32 Total net assets or fund balancesStart of year $3,021,234$2,913,336
X-33 Total liabilities and net assetsStart of year $3,021,234$2,913,336
Part XI · Reconciliation of net assets $2,913,336 net assets at year end
XI-1 Total revenue$62,640
XI-2 Total expenses$170,538
XI-3 Revenue less expenses−$107,898
XI-4 Net assets at start of year$3,021,234
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,913,336

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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