Decro Corporation FY2020 filing

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The Corporation is to provide affordable, safe and well-maintained housing and services for low-income families and seniors.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-0362163) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$429K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $3.5M a year · 40% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$429K
to officers and key staff · 27% of spending
Pay to officers and key staff is 27% of spending.
Part VII, Section A
7.8 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
7.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.2M
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
14% of total assets
Liabilities are 14% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.0M
Spent
$1.6M
To programs
91%
Net assets
$8.0M
By yearFY2020–FY2024
Revenue
$3.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.0M
FY2021$6.8M
FY2022$8.1M
FY2023$10.8M
FY2024$15.2M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$10.8M
FY2022$11.1M
FY2023$17.5M
FY2024$20.4M
Net assets
$8.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8.0M
FY2021$15.8M
FY2022$10.7M
FY2023$10.4M
FY2024$5.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 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 Oct 1993.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.4M Management & general 9% · $138K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $429K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$230,161Pt VII · Sec A
$198,625Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2020
Ted Handel$288,493$262,500$230,161
Laura Vandeweghe—$242,500$198,625
Terri O'Hara$170,342$142,900—
Erin Foreman$170,151$152,500—
Nicole Willick$164,651$150,600—
Emmanuel Choice$123,719$115,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Decro Corporation 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 15aYes

Programs and updates

Provides affordable, safe housing and services for low-income families and seniors.

Questions for Decro Corporation

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1 program · $1.4M · in their own filed words · FY2020
01

As of december 31, 2020, the Corporation or the corporation's wholly owned entities are the general partner, co-general partner, development general partner and/or limited partner and have a 0.0034% to 100% ownership in seventeen entities which all operate or intend to operate low-income housing properties.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 33-0362163) · Dispute this line
$1.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2.2M

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Fees for servicesLn 2g$3.1M
Gifts and grantsLn 1h$6K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$138K
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$9.2M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$3.1M
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Accounts receivableLn 4$6.8M
Prepaid expenses and deferred chargesLn 9$1K
Land, buildings, equipmentLn 10c$15K
InvestmentsLn 11–13$1.3M
Other assetsLn 15$19K
Total assetsLn 16$9.2M
LiabilitiesLn 26$1.3M
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$254K$1.0M
InvestmentsLn 11–13$380K$1.3M
Land, buildings, equipmentLn 10c$29K$15K
Total assetsLn 16$6.9M$9.2M
LiabilitiesLn 26$368K$1.3M
Net assetsLn 32$6.6M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$435K$435K
Other salaries and wagesLn 7$439K$439K
Pension plan contributionsLn 8$41K$41K
Other employee benefitsLn 9$34K$34K
Payroll taxesLn 10$42K$42K
Legal feesLn 11b$74K$74K
Accounting feesLn 11c$64K$64K
Other fees for servicesLn 11g$12K$12K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$33K$33K
Information technologyLn 14$13K$13K
OccupancyLn 16$141K$141K
TravelLn 17$509$509
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$203K$203K
All other expensesLn 24e$21K$21K
Total functional expensesLn 25$1.6M$1.4M$138K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 7, 2025 $15.2M$20.4M−$5.2M$5.2M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $10.8M$17.5M−$6.7M$10.4M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $8.1M$11.1M−$3.0M$10.7M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $6.8M$10.8M−$4.0M$15.8M 990 PDF
FY2020 ViewingFiled with the IRS Oct 27, 2021 $3.0M$1.6M$1.4M$8.0M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2020 990
Part I · Summary $2,987,780 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $259,620$6,440
I-9 Program service revenuePrior year $1,348,294$3,070,542
I-10 Investment incomePrior year −$26,748$0
I-11 Other revenuePrior year $190,671−$89,202
I-12 Total revenuePrior year $1,771,837$2,987,780
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $712,497$991,163
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $420,722$593,143
I-18 Total expensesPrior year $1,133,219$1,584,306
I-19 Revenue less expensesPrior year $638,618$1,403,474
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,987,780 across 5 lines filed
VIII-1f All other contributions, gifts and grants$6,440
VIII-1h Total contributions, gifts and grants$6,440
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,070,542$3,070,542
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$89,202−$89,202
VIII-12 Total revenueRelated to mission $3,070,542 · Unrelated business $0 · Excluded from tax −$89,202$2,987,780
Part IX · Statement of functional expenses $1,584,306 across 18 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $435,086$435,086
IX-7 Other salaries and wagesPrograms $439,411$439,411
IX-8 Pension plan contributionsPrograms $41,023$41,023
IX-9 Other employee benefitsPrograms $33,692$33,692
IX-10 Payroll taxesPrograms $41,951$41,951
IX-11b Legal feesManagement $73,826$73,826
IX-11c Accounting feesManagement $64,069$64,069
IX-11g Other fees for servicesPrograms $12,325$12,325
IX-12 Advertising and promotionPrograms $2,425$2,425
IX-13 Office expensesPrograms $32,782$32,782
IX-14 Information technologyPrograms $12,780$12,780
IX-16 OccupancyPrograms $141,352$141,352
IX-17 TravelPrograms $509$509
IX-19 Conferences, conventions and meetingsPrograms $3,531$3,531
IX-22 Depreciation, depletion and amortizationPrograms $13,631$13,631
IX-23 InsurancePrograms $11,687$11,687
IX-24 Other expenses (24a–d)Programs $203,353$203,353
IX-24e All other expensesPrograms $20,873$20,873
IX-25 Total functional expensesPrograms $1,446,411 · Management $137,895 · Fundraising $0$1,584,306
Part X · Balance sheet $9,205,675 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $253,651$1,024,742
X-4 Accounts receivableStart of year $6,053,904$6,826,076
X-9 Prepaid expenses and deferred charges$1,383
X-10c Land, buildings and equipment, netStart of year $28,992$15,360
X-12 Other securities$8,528
X-13 Program-related investmentsStart of year $379,919$1,310,717
X-15 Other assetsStart of year $202,848$18,869
X-16 Total assetsStart of year $6,919,314$9,205,675
X-17 Accounts payable and accrued expensesStart of year $217,666$377,153
X-23 Secured mortgages and notes payable$623,400
X-25 Other liabilitiesStart of year $150,000$250,000
X-26 Total liabilitiesStart of year $367,666$1,250,553
X-27 Net assets without donor restrictionsStart of year $6,551,648$7,955,122
X-32 Total net assets or fund balancesStart of year $6,551,648$7,955,122
X-33 Total liabilities and net assetsStart of year $6,919,314$9,205,675
Part XI · Reconciliation of net assets $7,955,122 net assets at year end
XI-1 Total revenue$2,987,780
XI-2 Total expenses$1,584,306
XI-3 Revenue less expenses$1,403,474
XI-4 Net assets at start of year$6,551,648
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,955,122

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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