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Polish Retirement Foundation

Tax-deductible

Los Angeles, CA501(c)(3)HousingEIN 95-2965444

Housing for seniors

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 9 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $84K a year · 32% of revenue · last 5 filings
Worth a look: a surplus in 3 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
59 mo
of spending, in cash
Looks good: 58.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$545K
+154% vs prior year
Spent
$164K
To programs
100%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$545K
FY2024▲ +154%
Revenue by fiscal year
FY2020$185K
FY2021$161K
FY2022$227K
FY2023$214K
FY2024$545K
Expenses
$164K
FY2024▼ -26%
Expenses by fiscal year
FY2020$186K
FY2021$145K
FY2022$198K
FY2023$220K
FY2024$164K
Net assets
$1.2M
FY2024▲ +44%
Net assets by fiscal year
FY2020$829K
FY2021$845K
FY2022$874K
FY2023$868K
FY2024$1.2M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CPolish Retirement Foundation
EINHdr · item D95-2965444
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 1975
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLos Angeles, CA
NTEE classificationIRS BMFHousing (L22Z)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$163K
Management & general$565
Total functional expensesLn 25$164K

Finances

Money in and out, what it owns and owes

Spent on programs
100%
of spending reaches programs▲ +3% vs prior filing year
Months of spending covered by cash
58.9mo
months of spending covered by cash and easy-to-sell investments▲ +159% vs prior filing year
Surplus or deficit
+70%
as % of revenue, this year▲ ×28 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.3M
FY2024▲ +43%
Total assets by fiscal year
FY2020$840K
FY2021$858K
FY2022$886K
FY2023$887K
FY2024$1.3M
Total liabilities
$15K
FY2024▼ -19%
Total liabilities by fiscal year
FY2020$11K
FY2021$14K
FY2022$12K
FY2023$19K
FY2024$15K
Revenue less expensesPt I · Ln 19$382K
Total assetsPt X · Ln 16$1.3M
Spent on programsPt IX · col B100%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$803K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$15K
Total net assetsLn 32$1.2M
Months of cash on handcomputed58.9

Statement of Revenue

Part VIII
Contributions & grants$410K · 75%
Program service revenue$118K · 22%
Investment income$16K · 3%
Contributions & grants75%$410K
Program service revenue22%$118K
Investment income3%$16K
Other revenue$1K
Total revenueLn 12$545K

Money in detail

Form 990 · FY2024 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $803K · Operating expenses/yr $164K
58.9 months
Where the money goes
Program services
Program services $163K · Total expenses $164K
100%
Management & General
Management & general $565 · Total expenses $164K
0.3%
Fundraising
Fundraising $0 · Total expenses $164K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $175K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $410K · Total revenue $545K
75%
Government reliance
Government grants — · Total revenue $545K
—
Earned-income share
Program service revenue $118K · Total revenue $545K
22%
Investment reliance
Investment income $16K · Total revenue $545K
+3%
Program self-sufficiency
Program service revenue $118K · Total expenses $164K
72%
Growth & trend
Revenue change from last year
This year $545K · Prior year $214K
+154%
Revenue, average yearly change over 5 years
FY2020 $185K · FY2024 $545K
+31%
Net assets change over the year
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $545K · Expenses $164K
+70%
Debts compared to what it owns
Total liabilities — · Total assets $1.3M
—
Net assets compared to what it owns
Net assets $1.2M · Total assets $1.3M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jan Borkowski · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $164K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $66K · Total expenses $164K
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Spent on programs 100%——
Spent on management, % of spending 0.3%——
Fundraising cost, % of gifts 0%——
Revenue growth 154%——
Accounting fees, % of spending 2%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Edyta Koziol
Secretary
$0Pt VII · Sec A
See Polish Retirement Foundation executive salaries →

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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Polish Retirement Foundation is a housing nonprofit based in Los Angeles, CA.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $163K of program spending, described in the organization's own filed words · FY2024.
01

Organization provides a home for the aged. Monthly fees are charged on the sliding scale depending on the ability to pay

$163Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $545K$164K+154% 990 PDF
FY2023 $214K$220K-6% 990 PDF
FY2022 $227K$198K+41% 990 PDF
FY2021 $161K$145K-13% 990 PDF
FY2020 $185K$186K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $545,452 across 6 lines filed
VIII-1f All other contributions, gifts and grants$410,024
VIII-1h Total contributions, gifts and grants$410,024
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $117,882$117,882
VIII-3 Investment incomeRelated to mission $16,148$16,148
VIII-8 Net income from fundraising eventsExcluded from tax $1,398$1,398
VIII-12 Total revenueRelated to mission $134,030 · Unrelated business $0 · Excluded from tax $1,398$545,452
Part IX · Statement of functional expenses $163,589 across 10 lines filed
IX-7 Other salaries and wagesPrograms $60,355$60,355
IX-10 Payroll taxesPrograms $5,227$5,227
IX-11c Accounting feesPrograms $3,000$3,000
IX-11g Other fees for servicesPrograms $1,575$1,575
IX-13 Office expensesPrograms $138$138
IX-16 OccupancyPrograms $20,131$20,131
IX-17 TravelPrograms $3,263$3,263
IX-22 Depreciation, depletion and amortizationPrograms $10,189$10,189
IX-23 InsurancePrograms $12,990$12,990
IX-24 Other expenses (24a–d)Programs $46,156 · Management $565$46,721
IX-25 Total functional expensesPrograms $163,024 · Management $565 · Fundraising $0$163,589
Part X · Balance sheet $1,264,808 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $22,448$6,039
X-2 Savings and temporary cash investmentsStart of year $394,048$797,448
X-9 Prepaid expenses and deferred chargesStart of year $25,000$25,000
X-10c Land, buildings and equipment, netStart of year $444,135$433,946
X-15 Other assetsStart of year $875$2,375
X-16 Total assetsStart of year $886,506$1,264,808
X-25 Other liabilitiesStart of year $18,795$15,234
X-26 Total liabilitiesStart of year $18,795$15,234
X-27 Net assets without donor restrictionsStart of year $867,711$1,249,574
X-32 Total net assets or fund balancesStart of year $867,711$1,249,574
X-33 Total liabilities and net assetsStart of year $886,506$1,264,808
Part XI · Reconciliation of net assets $1,249,574 net assets at year end
XI-1 Total revenue$545,452
XI-2 Total expenses$163,589
XI-3 Revenue less expenses$381,863
XI-4 Net assets at start of year$867,711
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,249,574

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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