Decro Chi Corporation FY2020 filing

Culver City, CAUnknown exempt organization EIN 33-0520447Revenue $5K in FY2020

On file with the IRSdecro.org3431 Wesley Street F · Culver City, CA

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

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $52K a year · 91% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$600
-0.6% of total assets
Looks good: liabilities are -1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5K
Spent
$10K
To programs
100%
Net assets
−$109K
By yearFY2020–FY2021
Revenue
$5K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5K
FY2021$109K
Expenses
$10K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$10K
FY2021$768
Net assets
−$109K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$109K
FY2021$0

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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% · $10K

Form 990 Part IX, line 25. 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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt 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
See Decro Chi Corporation executive salaries →

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

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Provided by the organization

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1 program · $10K · in their own filed words · FY2020
01

The organization owns a general partnership interest in decro nordhoff, L.P. Decro nordhoff, L.P. Is a california limited partnership, which owns a 38-UNIT affordable housing project for low and very low income families known as casa de familiar de nordhoff located in north hills, california.

$10Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5K
Ln 12
Fees for servicesLn 2g$5K
Other incomeLn 4–11$50
Investment incomeLn 3$1
Money outPt IX
$10K
Ln 25
Programscol B$10K
Owns and owesPt X
−$109K
net assets · Ln 32
Cash and savingsLn 1–2$703
Total assetsLn 16−$109K
LiabilitiesLn 26$600
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5K
Investment incomeLn 3$1
Other incomeLn 4–11$50
Total revenueLn 12$5K
Assets in detailPt X, end of year
CashLn 1$703
Cash and savings togetherLn 1–2$703
InvestmentsLn 11–13−$124K
Total assetsLn 16−$109K
LiabilitiesLn 26$600
Net assetsLn 32−$109K
OperationsPt I, VI
EmployeesI 50
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$10K$703
InvestmentsLn 11–13−$142K−$124K
Total assetsLn 16−$104K−$109K
LiabilitiesLn 26$0$600
Net assetsLn 32−$104K−$109K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$10K$10K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $109K$768$109K$0 990 PDF
FY2020 Viewing $5K$10K−$5K−$109K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $5,066 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $10,003$5,015
I-10 Investment incomePrior year $68$1
I-11 Other revenuePrior year $0$50
I-12 Total revenuePrior year $10,071$5,066
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $32,010$9,960
I-18 Total expensesPrior year $32,010$9,960
I-19 Revenue less expensesPrior year −$21,939−$4,894
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $5,066 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,015$5,015
VIII-3 Investment incomeExcluded from tax $1$1
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $50$50
VIII-12 Total revenueRelated to mission $5,065 · Unrelated business $0 · Excluded from tax $1$5,066
Part IX · Statement of functional expenses $9,960 across 2 lines filed
IX-11c Accounting feesPrograms $1,950$1,950
IX-24 Other expenses (24a–d)Programs $8,010$8,010
IX-25 Total functional expensesPrograms $9,960 · Management $0 · Fundraising $0$9,960
Part X · Balance sheet −$108,532 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $10,009$703
X-4 Accounts receivableStart of year $27,521$15,000
X-12 Other securitiesStart of year −$141,768−$124,235
X-16 Total assetsStart of year −$104,238−$108,532
X-17 Accounts payable and accrued expenses$600
X-26 Total liabilitiesStart of year $0$600
X-27 Net assets without donor restrictionsStart of year −$104,238−$109,132
X-32 Total net assets or fund balancesStart of year −$104,238−$109,132
X-33 Total liabilities and net assetsStart of year −$104,238−$108,532
Part XI · Reconciliation of net assets −$109,132 net assets at year end
XI-1 Total revenue$5,066
XI-2 Total expenses$9,960
XI-3 Revenue less expenses−$4,894
XI-4 Net assets at start of year−$104,238
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$109,132

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

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