Decro Kappa Corporation

Culver City, CAUnknown exempt organizationEIN 95-4569976Revenue −$1.1M in FY2021

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

Before you give

FY2021 · 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 deficit $481K a year · 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
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
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
−$1.1M
-981% vs prior year
Spent
$810
To programs
100%
Net assets
$0
By yearFY2020–FY2021
Revenue
−$1.1M
FY2021▼ -981%
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021−$1.1M
Expenses
$810
FY2021▼ -96%
Tap a bar for its year
Expenses by fiscal year
FY2020$21K
FY2021$810
Net assets
$0
FY2021▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$0

From the FY2021 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% · $810

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

12 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 Kappa 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.

Provided by the organization

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1 program · $810 · in their own filed words · FY2021
01

The organization owned a limited 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.

$810program expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
−$1.1M
Ln 12
Fees for servicesLn 2g−$21K
Money outPt IX
$810
Ln 25
Programscol B$810
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g−$21K
Gains on assetsLn 7−$1.0M
Total revenueLn 12−$1.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
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 FY21End FY21
Cash and savingsLn 1–2$572$0
InvestmentsLn 11–13$1.0M$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.1M$0
LiabilitiesLn 26$575$0
Net assetsLn 32$1.1M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$810$810
Total functional expensesLn 25$810$810$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing −$1.1M$810−$1.1M$0 990 PDF
FY2020 $120K$21K$100K$1.1M 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
See the full FY2021 990 (6 parts)
Part I · Summary −$1,059,963 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $120,300−$20,826
I-10 Investment incomePrior year $0−$1,039,137
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $120,300−$1,059,963
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 $20,660$810
I-18 Total expensesPrior year $20,660$810
I-19 Revenue less expensesPrior year $99,640−$1,060,773
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 −$1,059,963 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission −$20,826−$20,826
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,039,137−$1,039,137
VIII-12 Total revenueRelated to mission −$1,059,963 · Unrelated business $0 · Excluded from tax $0−$1,059,963
Part IX · Statement of functional expenses $810 across 1 line filed
IX-11c Accounting feesPrograms $810$810
IX-25 Total functional expensesPrograms $810 · Management $0 · Fundraising $0$810
Part X · Balance sheet $0 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $572$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $15,000$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $1,044,963$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,060,535$0
X-26 Total liabilitiesStart of year $575$0
X-27 Net assets without donor restrictionsStart of year $1,059,960$0
X-32 Total net assets or fund balancesStart of year $1,059,960$0
X-33 Total liabilities and net assetsStart of year $1,060,535$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue−$1,059,963
XI-2 Total expenses$810
XI-3 Revenue less expenses−$1,060,773
XI-4 Net assets at start of year$1,059,960
XI-9 Other changes in net assets$813
XI-10 Net assets at end of year$0

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

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