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Menorah Terrace FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Housing EIN 95-3733705Revenue $902K in FY2021Latest return filed Feb 4, 2026

On file with the IRSLos Angeles, CATax-exempt since Jul 1982Publicly supported charity — 170(b)(1)(A)(vi)

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Menorah Terrace, a california non-profit corporation, was formed to operate a 39-unit rental housing project for very low income elderly located in los angeles, california. Operations began in january 1983. Mortgage financing was provided by the california housing finance agency. The project is regulated under the terms of a housing assistance payments contract with hud, including rent changes, operating methods, and other matters.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 95-3733705) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $262K a year · 45% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
86% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.7 mo
of spending, in cash
Plus $1.1M in investments, Pt X · Ln 11–13
1.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$53K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$902K
+3% vs prior year
Spent
$448K
To programs
86%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$902K
FY2021▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$875K
FY2021$902K
FY2022$930K
FY2023$797K
FY2024$9K
FY2025$13K
Expenses
$448K
FY2021▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$582K
FY2021$448K
FY2022$418K
FY2023$504K
FY2024$3K
FY2025$175
Net assets
$2.2M
FY2021▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.2M
FY2022$2.7M
FY2023$3.0M
FY2024$3.0M
FY2025$3.1M

From the FY2021 Form 990 (year ending August 2021) · see the original

990 PDF Support Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1982.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $385K Management & general 14% · $64K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
David Goldman
Treasurer
$0Pt VII · Sec A
Elisa Paster
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Richard Romanoff
Board Member
$0Pt VII · Sec A
Doreen Klee
Board Member
$0Pt VII · Sec A
Leslie Friedman
Board Member
$0Pt VII · Sec A
Jon Pynoos
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Menorah Terrace 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 rental housing for very low-income seniors in Los Angeles.

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1 program · $385K · in their own filed words · FY2020
01

Menorah terrace, a california non-profit corporation, was formed to operate a 39-UNIT rental housing project for very low income elderly located in los angeles, california. Operations began in january 1983. Mortgage financing was provided by the california housing finance agency.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 95-3733705) · Dispute this line
$385Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $150K · 2019–2019
Menorah Housing FoundationCA · FY2019$150,000

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Aug 2022 · $770K federal money spent
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$770K

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$902K
Ln 12
Gifts and grantsLn 1h$749K
Fees for servicesLn 2g$152K
Other incomeLn 4–11$2K
Money outPt IX
$448K
Ln 25
Programscol B$385K
Managementcol C$64K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$2.3M
LiabilitiesLn 26$53K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$749K
Government grantsLn 1e$749K
Fees for servicesLn 2g$152K
Investment incomeLn 3$208
Other incomeLn 4–11$2K
Total revenueLn 12$902K
Assets in detailPt X, end of year
CashLn 1$63K
Cash and savings togetherLn 1–2$63K
Accounts receivableLn 4$7
Prepaid expenses and deferred chargesLn 9$2K
Land, buildings, equipmentLn 10c$996K
InvestmentsLn 11–13$1.1M
Other assetsLn 15$132K
Total assetsLn 16$2.3M
LiabilitiesLn 26$53K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
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 FY21End FY21
Cash and savingsLn 1–2$99K$63K
InvestmentsLn 11–13$716K$1.1M
Land, buildings, equipmentLn 10c$943K$996K
Total assetsLn 16$1.8M$2.3M
LiabilitiesLn 26$42K$53K
Net assetsLn 32$1.8M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$25K$25K
Legal feesLn 11b$100$100
Accounting feesLn 11c$14K$14K
Office expensesLn 13$24K$24K
OccupancyLn 16$268K$268K
Depreciation, depletion and amortizationLn 22$45K$45K
InsuranceLn 23$473$473
Other expenses (24a–d)Ln 24$71K$71K
Total functional expensesLn 25$448K$385K$64K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 4, 2026 $13K$175$12K$3.1M 990 PDF
FY2024Filed with the IRS Apr 8, 2025 $9K$3K$6K$3.0M 990 PDF
FY2023Filed with the IRS May 8, 2024 $797K$504K$294K$3.0M 990 PDF
FY2022Filed with the IRS Jan 17, 2023 $930K$418K$513K$2.7M 990 PDF
FY2021 ViewingFiled with the IRS Jan 14, 2022 $902K$448K$454K$2.2M 990 PDF
FY2020Filed with the IRS Feb 16, 2021 $875K$582K$292K$1.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $902,493 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $728,443$749,019
I-9 Program service revenuePrior year $143,940$151,760
I-10 Investment incomePrior year $208$208
I-11 Other revenuePrior year $2,042$1,506
I-12 Total revenuePrior year $874,633$902,493
I-13 Grants and similar amounts paidPrior year $150,000$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 $432,182$448,441
I-18 Total expensesPrior year $582,182$448,441
I-19 Revenue less expensesPrior year $292,451$454,052
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $902,493 across 6 lines filed
VIII-1e Government grants$749,019
VIII-1h Total contributions, gifts and grants$749,019
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $151,760$151,760
VIII-3 Investment incomeExcluded from tax $208$208
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,506$1,506
VIII-12 Total revenueRelated to mission $151,760 · Unrelated business $0 · Excluded from tax $1,714$902,493
Part IX · Statement of functional expenses $448,441 across 8 lines filed
IX-11a Management feesManagement $25,272$25,272
IX-11b Legal feesManagement $100$100
IX-11c Accounting feesManagement $13,861$13,861
IX-13 Office expensesManagement $23,975$23,975
IX-16 OccupancyPrograms $268,470$268,470
IX-22 Depreciation, depletion and amortizationPrograms $44,904$44,904
IX-23 InsuranceManagement $473$473
IX-24 Other expenses (24a–d)Programs $71,386$71,386
IX-25 Total functional expensesPrograms $384,760 · Management $63,681 · Fundraising $0$448,441
Part X · Balance sheet $2,290,157 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $98,628$63,093
X-4 Accounts receivableStart of year $377$7
X-9 Prepaid expenses and deferred chargesStart of year $2,429$2,417
X-10c Land, buildings and equipment, netStart of year $943,160$995,797
X-13 Program-related investmentsStart of year $716,072$1,097,281
X-15 Other assetsStart of year $64,362$131,562
X-16 Total assetsStart of year $1,825,028$2,290,157
X-17 Accounts payable and accrued expensesStart of year $28,306$39,611
X-19 Deferred revenueStart of year $2$14
X-25 Other liabilitiesStart of year $13,874$13,634
X-26 Total liabilitiesStart of year $42,182$53,259
X-27 Net assets without donor restrictionsStart of year $1,782,846$2,236,898
X-32 Total net assets or fund balancesStart of year $1,782,846$2,236,898
X-33 Total liabilities and net assetsStart of year $1,825,028$2,290,157
Part XI · Reconciliation of net assets $2,236,898 net assets at year end
XI-1 Total revenue$902,493
XI-2 Total expenses$448,441
XI-3 Revenue less expenses$454,052
XI-4 Net assets at start of year$1,782,846
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,236,898

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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