Flexible Psh Solutions Inc
- Assets
- $2.3m
- Revenue
- $127.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-4332625
Organization Overview
Flexible Psh Solutions Inc is located in Los Angeles, CA. The organization was established in 2019. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flexible Psh Solutions Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Flexible Psh Solutions Inc generated $127.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $114.3k during the year ending 12/2021. While expenses have increased by 10.1% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FLEXIBLE PSH SOLUTIONS, INC. DEVELOPS AND OPERATES PERMANENT SUPPORTIVE HOUSING (PSH) BY OFFERING A CREATIVE APPROACH TO INCREASING THE VOLUME OF PSH THAT SERVES THE CHRONICALLY HOMELESS IN CALIFORNIA AND PROVIDES SUPPORTIVE SERVICES TO HELP KEEP ITS TENANTS LIVING IN HOMES AND NOT IN THE STREETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLEXIBLE PSH CONTINUED ITS PRIMARY ORGANIZATIONAL PURPOSE IN 2020, THE DEVELOPMENT OF ITS INNAUGURAL DEVELOPMENT PROJECT, ENLIGHTENMENT PLAZA, A PLANNED PSH DEVELOPMENT CONSISTING OF APPROXIMATELY 337 DWELLING UNITS FOR TENANTS WHO HAVE PREVIOUSLY BEEN HOMELESS. THE PROGRAM SERVICE ACCOMPLISHMENT IN 2020 WAS THE APPROVAL OF BUILDING ENTITLEMENTS BY THE CITY OF LOS ANGELES, SO THAT CONSTRUCTION COULD PROCEED WITH THE PROJECT. THE ORGANIZATION ACCOUNTS FOR ITS DEVELOPMENT ACTIVITIES IN ITS STATEMENT OF INCOME AND LOSS AS A PROJECT EXPENSE AND ON ITS STATEMENT OF OPERATIONS (BALANCE SHEET), AS DEVELOPMENT IN PROGRESS. WE SHOW SUCH PARTNERSHIP PROJECT EXPENDITURES, WHICH ARE NOT TREATED AS ENTERPRISE EXPENSES, THOUGH THEY APPEAR ON OUR INCOME STATEMENT AS A REFERENCE, FOR REFERENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Mcclendon Associate | Officer | 40 | $51,780 |
John E Molloy CEO | OfficerTrustee | 40 | $0 |
Beth Lucas Chief Operating Officer | OfficerTrustee | 40 | $0 |
Stephen L Hicks CFO | OfficerTrustee | 40 | $0 |
Paul Fox Director | Trustee | 1 | $0 |
Bernarda Duarte Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,456 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,956 |
| Total Program Service Revenue | $31,760 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,090 |
| Compensation of current officers, directors, key employees. | $53,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,397 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,385 |
| All other expenses | $0 |
| Total functional expenses | $114,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,634 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $10,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,274,407 |
| Intangible assets | $0 |
| Other assets | $19,490 |
| Total assets | $2,314,531 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,274,407 |
| Other liabilities | $0 |
| Total liabilities | $2,284,407 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $30,124 |
| Total liabilities and net assets/fund balances | $2,314,531 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abode Services Fremont, CA | $53,241,122 | $93,166,351 |
L A Family Housing Corporation North Hollywood, CA | $161,041,001 | $79,035,920 |
Homefirst Services Of Santa Clara County Milpitas, CA | $29,402,933 | $44,725,955 |
Mercy House Living Centers Santa Ana, CA | $18,239,425 | $35,798,469 |
San Diego Rescue Mission Inc San Diego, CA | $42,194,459 | $26,903,599 |
Ihs The Institute For Human Services Inc Honolulu, HI | $15,246,582 | $27,371,445 |
Shelter Partnership Inc Los Angeles, CA | $35,690,027 | $24,847,309 |
Community Housing Partnership San Francisco, CA | $42,724,493 | $28,777,753 |
Umom New Day Centers Inc Phoenix, AZ | $33,794,449 | $21,978,699 |
Hamilton Families San Francisco, CA | $30,635,740 | $19,346,239 |
Orange County Rescue Mission Inc Tustin, CA | $68,598,932 | $34,318,569 |
Shelter Inc Concord, CA | $14,444,332 | $21,530,611 |