Nonprofit · EIN 33-0520450
DECRO EPSILON CORPORATION
Tax-exempt · CULVER CITY, CA 90232
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,395,133 | $2,398,715 | $996,418 | $959,237 | $26,112 | $933,125 |
| December 31, 2023 | 990 | $379,614 | $239,075 | $140,539 | $1,713,049 | $1,776,342 | -$63,293 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $70,824
- Investment income
- $3,324,063
- Net gain from sales of assets
- $3,322,046
- Other revenue
- $246
Expenses
- Grants and similar amounts paid
- $2,158,970
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,405
- Accounting fees
- $7,670
- Occupancy
- $103,405
- Depreciation
- $42,466
- Program services (functional)
- $2,381,563
- Management and general (functional)
- $17,152
Balance sheet and other
- Total assets, start of year
- $1,713,049
- Total assets, end of year
- $959,237
- Total liabilities, end of year
- $26,112
- Net assets, end of year
- $933,125
- Net assets without donor restrictions
- $933,125
- Gross receipts
- $4,223,087
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1992
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TED HANDEL | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $288,493 | $5,775 |
| ERIN FOREMAN | SENIOR PROJECT MANAGER Key employee | 0.2 | $0 | $170,151 | $5,100 |
| TERRI O'HARA | CONTROLLER Key employee | 0.2 | $0 | $170,342 | $0 |
| NICOLE WILLICK | DIRECTOR OF RESIDENT & COMMUNITY ENGAGEMENT Key employee | 0.2 | $0 | $164,651 | $0 |
| EMMANUEL CHOICE | ASSET MANAGER Highest-paid employee | 0.2 | $0 | $123,719 | $0 |
| CHRISTIAN VON MERKATZ | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| IRENE CHOI | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALEXANDER J NWEEIA | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MEG BABAKHANIAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PAUL PIEROTH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| J WARREN AVERY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TED HANDEL | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $262,500 | $6,300 |
| LAURA VANDEWEGHE | CHIEF INNOVATION OFFICER Officer | 0.2 | $0 | $242,500 | $0 |
| ERIN FOREMAN | SENIOR PROJECT MANAGER Highest-paid employee | 0.2 | $0 | $152,500 | $7,200 |
| NICOLE WILLICK | PROJECT MANAGER Highest-paid employee | 0.2 | $0 | $150,600 | $0 |
| TERRI O'HARA | CONTROLLER Highest-paid employee | 0.2 | $0 | $142,900 | $0 |
| EMMANUEL CHOICE | ASSET MANAGER Highest-paid employee | 0.2 | $0 | $115,000 | $0 |
| CHRISTIAN VON MERKATZ | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| IRENE CHOI | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALEXANDER J NWEEIA | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MEG BABAKHANIAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PAUL PIEROTH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| J WARREN AVERY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VANESSA RIOS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3431 WESLEY ST STE F, CULVER CITY, CA 90232-2365
- Principal officer (990 for 2024)
- TED HANDEL, 3431 WESLEY STREET F, CULVER CITY, CA 90232
- Signed the 990
- TED HANDEL, CEO
- Phone
- (424) 603-4586
- Website
- WWW.DECRO.ORG
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0520450 or by the name DECRO EPSILON CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE MISSION OF DECRO EPSILON CORPORATION AND ITS AFFILIATES IS TO PROVIDE AFFORDABLE, SAFE, AND WELL-MAINTAINED HOUSING AND SERVICES FOR LOW-INCOME FAMILIES AND SENIORS.
Program accomplishments
- HOUSING WAS PROVIDED FOR LOW-INCOME FAMILIES AND SENIORSExpenses $2,381,563 · grants $2,158,970 · revenue $3,393,116
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 33-0520450
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $959,237
- Income (IRS master file)
- $4,223,087
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,395,133 | $2,398,715 | $959,237 | IRS |
| 990 | December 2023 | $379,614 | $239,075 | $1,713,049 | XML |
| 990 | December 2022 | $320,852 | $300,971 | $1,609,555 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-0520450).
Questions about DECRO EPSILON CORPORATION
- What is the EIN of DECRO EPSILON CORPORATION?
- The employer identification number (EIN) of DECRO EPSILON CORPORATION is 33-0520450.
- Is DECRO EPSILON CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to DECRO EPSILON CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DECRO EPSILON CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DECRO EPSILON CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DECRO EPSILON CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DECRO EPSILON CORPORATION?
- The 990 for the year ended December 31, 2024 names TED HANDEL.
- Who are the officers and directors of DECRO EPSILON CORPORATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does DECRO EPSILON CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,395,133, expenses of $2,398,715 and total assets of $959,237 at year end.
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All nonprofits in CULVER CITY · California · Housing and shelter