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Decro Corporation

Culver City, CA · EIN 33-0362163 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Decro Corporation reported $15.2 million in revenue and $20.4 million in expenses for calendar year 2024. Of every $100 it spent, $96.17 went to program services, $3.83 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 56.6% of the total. Government grants made up 17.7%. The highest compensation it reported for one person was $294,268 (CHIEF EXECUTIVE OFFICER). 5 people received more than $100,000 in reportable compensation. Revenue rose 760% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $20M

For context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $15M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 2,433 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
96.2%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
3.8%11.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
17.8%29.9%
Government grants share of revenue
Part VIII 1e ÷ 12
17.7%3.8%
Program service revenue share
Part VIII 2g ÷ 12
56.6%58.9%
Highest reported compensation
Part VII-A, columns D–F
$294,268$301,601
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.44%1.38%
People paid over $100,000
Part VII, line 2
56
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
3.16.8
Independent voting board members
Part VI 1a–1b
6 of 6100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$20M expenses · 100.0% of program spending · revenue $12M

As of december 31, 2024, the corporation or the corporation's wholly owned entities are the general partner, co-general partner, development general partner and/or limited partner in 24 entities which all operate or intend to operate low-income affordable housing projects. The corporation also provides management services to six california non-profit public benefit corporations that were or are the managing general partner, co-general partner, development general partner or limited partner in entities which operate low-income housing properties. Collectively these entities are all controlled…

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CHIEF EXECUTIVE OFFICER
Officer, 1.00 hrs/week
$288,493$0$5,775$294,268
SENIOR PROJECT MANAGER
Key employee, 0.20 hrs/week
$170,151$0$5,100$175,251
CONTROLLER
Key employee, 0.20 hrs/week
$170,342$0$0$170,342
DIRECTOR OF RESIDENT & COMMUNITY ENGAGEMENT
Key employee, 0.20 hrs/week
$164,651$0$0$164,651
ASSET MANAGER
Highest compensated employee, 0.20 hrs/week
$123,719$0$0$123,719

5 people received more than $100,000 in reportable compensation from Decro Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $294K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$15M$20M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$15M$20M96.2%$5.2M$294,268
2023 ⓘ$11M$17M96.5%$10M$268,800
2022 ⓘ$8.1M$11M93.3%$11M$271,300
2021 ⓘ$6.8M$11M94.8%$16M$241,990
2020 ⓘ$3.0M$1.6M91.3%$8.0M$236,461
2019 ⓘ$1.8M$1.1M86.9%$6.6M$226,111

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 510

Correct a figure or respond

Every number above is copied from Decro Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Decro Corporation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All unclassified charities · Largest charities in California

Questions people ask

How much of Decro Corporation's spending goes to programs?

In calendar year 2024, Decro Corporation reported that 96.2% of its $20.4 million in expenses went to program services, 3.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Decro Corporation pay its top executive?

The largest total compensation Decro Corporation reported for one person in calendar year 2024 was $294,268, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Decro Corporation get its money?

Of $15.2 million in revenue in calendar year 2024, 17.8% came from contributions and grants (including 17.7% from government grants) and 56.6% from program service revenue (Form 990, Part VIII).

Is Decro Corporation a registered charity?

The IRS lists EIN 33-0362163 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202533119349300523 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443199349300749 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202303189349311475 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233199349317653 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202113009349300821 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202043189349302964 · read the filing

All filings for EIN 33-0362163: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.