Peoples Self-Help Housing Corporation
- Assets
- $133.2m
- Revenue
- $24.0m
- Investments
- $0.0
- Employees
- 130
- Location
- San Luis Obispo, CA
- Founding
- 07/1971
- Data as of
- 06/2021
- EIN
- 95-2750154
Organization Overview
Peoples Self-Help Housing Corporation is located in San Luis Obispo, CA. The organization was established in 1971. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Peoples Self-Help Housing Corporation employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peoples Self-Help Housing Corporation 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 06/2021, Peoples Self-Help Housing Corporation generated $24.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $13.6m during the year ending 06/2021. While expenses have increased by 7.8% per year over the past 6 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
WE BUILD AFFORDABLE HOMES WITH SITE-BASED SERVICES THAT OFFER OPPORTUNITIES TO CHANGE LIVES AND STRENGTHEN COMMUNITIES ON THE CENTRAL COAST OF CALIFORNIA. ACTIVITIES INCLUDE SELF-HELP HOMEOWNERSHIP, AFFORDABLE RENTAL HOUSING DEVELOPMENT, SUPPORTIVE HOUSING SERVICES AND YOUTH DEVELOPMENT & EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING RENTAL PROGRAM - THE AFFORDABLE HOUSING PROGRAM PROVIDES HOUSING TO QUALIFIED LOW-INCOME HOUSEHOLDS, INCLUDING FAMILIES, SENIORS, FARMWORKERS, AND OTHER SPECIAL NEEDS GROUPS. PSHHC OWNS 805 AFFORDABLE RENTAL UNITS IN THREE COUNTIES, PROVIDING AFFORDABLE HOUSING TO OVER 2,508 LOW-INCOME RESIDENTS. PSHHC AFFORDABLE HOUSING UNITS PROVIDE HOUSING TO 141 DISABLED RESIDENTS, 164 SENIOR RESIDENTS, 35 VETERAN RESIDENTS AND THEIR FAMILIES AND 133 PREVIOUSLY HOMELESS RESIDENTS IN SAN LUIS OBISPO, SANTA BARBARA AND VENTURA COUNTIES. PSHHC BELIEVES THE AFFORDABLE HOUSING PROGRAM PROVIDES ECONOMIC AND EDUCATIONAL OPPORTUNITIES TO THE LOW-INCOME RESIDENTS; LEADING TO SELF-SUFFICIENCY AND IMPROVING LOCAL COMMUNITIES.
AFFORDABLE HOUSING, TENANT ASSISTANCE, RESIDENT SERVICES, FINANCIAL LITERACY AND YOUTH EDUCATION PROGRAMS - THE RESIDENT SERVICES AND RESIDENT EDUCATION PROGRAMS PROVIDE FOR LOW-INCOME SENIORS AND FAMILIES, COUNSELING AND AFTER SCHOOL TUTORING PROGRAMS, HEALTH SCREENINGS,FINANCIAL LITERACY PROGRAMS, HOMEOWNERSHIP COUNSELING, FORECLOSURE COUNSELING, AND EMERGENCY FINANCIAL ASSISTANCE. THESE PROGRAMS ARE DESIGNED TO HELP LOW-INCOME PERSONS REMAIN HOUSED IN SAFE AND AFFORDABLE HOUSING AND TO PROVIDE EDUCATIONAL OPPORTUNITIES. PSHHC'S YOUTH EDUCATION PROGRAMS HAVE 264 PARTICIPANTS AND 111 PARTICIPANTS IN THE COLLEGE CLUB PROGRAM THAT AWARDED 15 SCHOLARSHIPS FOR PARTICIPANTS ATTENDING COLLEGES. IN ADDITION, PSHHC'S SUPPORTIVE HOUSING PROGRAM ASSISTED 1,275 RESIDENTS WITH CLINICAL CASE MANAGEMENT SERVICES.
AFFORDABLE HOUSING DEVELOPMENT - DURING THE CURRENT YEAR, PSHHC BEGAN COMPLETED CONSTRUCTION EFFORTS ON 7 AFFORDABLE SELF-HELP HOMES IN KING CITY, CA. PSHHC CONTINUED TO PURSUE ENTITLEMENTS TO DEVELOP 10 AFFORDABLE SELF-HELP HOMES IN NIPOMO, CA AND 15 AFFORDABLE SELF-HELP HOMES IN SAN MIGUEL, CA. PSHHC BEGAN CONSTRUCTION EFFORTS AT A 40 UNIT FAMILY AFFORDABLE HOUSING PROJECT IN SAN LUIS OBISPO, CA AND A 36 UNIT SENIOR AFFORDABLE HOUSING PROJECT IN TEMPLETON, CA. ADDITIONALLY, REHABILITATION EFFORTS BEGAN AT A 56 MULTIFAMILY AFFORDABLE HOUSING PROJECT IN ISLA VISTA, CA. CONSTRUCTION WAS COMPLETED FOR A 38 UNIT MULTIFAMILY AFFORDABLE FARMWORKER RENTAL PROJECT IN GUDADLUPE, CA AND A 40 UNIT SENIOR AFFORDABLE RENTAL PROJECT IN SANTA MARIA, CA. PSHHC COMPLETED REHABILITATION ON A 7 UNIT AFFORDABLE HOUSING PROJECT IN SANTA BARBARA, CA. IN ADITION TO THE EXPENDITURES SHOWN, ADDITIONAL COSTS OF 1,840,304 WERE CAPITALIZED AS CONSTRUCTION COSTS FOR AFFORDABLE RENTAL HOUSING AND SELF-HELP OWNERSHIP PROJECTS.
AFFORDABLE HOUSING RENTAL PROGRAM - THE AFFORDABLE HOUSING PROGRAM PROVIDES HOUSING TO QUALIFIED LOW-INCOME HOUSEHOLDS, INCLUDING FAMILIES, SENIORS, FARMWORKERS, AND OTHER SPECIAL NEEDS GROUPS. PSHHC OWNS 805 AFFORDABLE RENTAL UNITS IN THREE COUNTIES, PROVIDING AFFORDABLE HOUSING TO OVER 2,508 LOW-INCOME RESIDENTS. PSHHC AFFORDABLE HOUSING UNITS PROVIDE HOUSING TO 141 DISABLED RESIDENTS, 164 SENIOR RESIDENTS, 35 VETERAN RESIDENTS AND THEIR FAMILIES AND 133 PREVIOUSLY HOMELESS RESIDENTS IN SAN LUIS OBISPO, SANTA BARBARA AND VENTURA COUNTIES. PSHHC BELIEVES THE AFFORDABLE HOUSING PROGRAM PROVIDES ECONOMIC AND EDUCATIONAL OPPORTUNITIES TO THE LOW-INCOME RESIDENTS; LEADING TO SELF-SUFFICIENCY AND IMPROVING LOCAL COMMUNITIES.
AFFORDABLE HOUSING, TENANT ASSISTANCE, RESIDENT SERVICES, FINANCIAL LITERACY AND YOUTH EDUCATION PROGRAMS - THE RESIDENT SERVICES AND RESIDENT EDUCATION PROGRAMS PROVIDE FOR LOW-INCOME SENIORS AND FAMILIES, COUNSELING AND AFTER SCHOOL TUTORING PROGRAMS, HEALTH SCREENINGS,FINANCIAL LITERACY PROGRAMS, HOMEOWNERSHIP COUNSELING, FORECLOSURE COUNSELING, AND EMERGENCY FINANCIAL ASSISTANCE. THESE PROGRAMS ARE DESIGNED TO HELP LOW-INCOME PERSONS REMAIN HOUSED IN SAFE AND AFFORDABLE HOUSING AND TO PROVIDE EDUCATIONAL OPPORTUNITIES. PSHHC'S YOUTH EDUCATION PROGRAMS HAVE 264 PARTICIPANTS AND 111 PARTICIPANTS IN THE COLLEGE CLUB PROGRAM THAT AWARDED 15 SCHOLARSHIPS FOR PARTICIPANTS ATTENDING COLLEGES. IN ADDITION, PSHHC'S SUPPORTIVE HOUSING PROGRAM ASSISTED 1,275 RESIDENTS WITH CLINICAL CASE MANAGEMENT SERVICES.
AFFORDABLE HOUSING DEVELOPMENT - DURING THE CURRENT YEAR, PSHHC BEGAN COMPLETED CONSTRUCTION EFFORTS ON 7 AFFORDABLE SELF-HELP HOMES IN KING CITY, CA. PSHHC CONTINUED TO PURSUE ENTITLEMENTS TO DEVELOP 10 AFFORDABLE SELF-HELP HOMES IN NIPOMO, CA AND 15 AFFORDABLE SELF-HELP HOMES IN SAN MIGUEL, CA. PSHHC BEGAN CONSTRUCTION EFFORTS AT A 40 UNIT FAMILY AFFORDABLE HOUSING PROJECT IN SAN LUIS OBISPO, CA AND A 36 UNIT SENIOR AFFORDABLE HOUSING PROJECT IN TEMPLETON, CA. ADDITIONALLY, REHABILITATION EFFORTS BEGAN AT A 56 MULTIFAMILY AFFORDABLE HOUSING PROJECT IN ISLA VISTA, CA. CONSTRUCTION WAS COMPLETED FOR A 38 UNIT MULTIFAMILY AFFORDABLE FARMWORKER RENTAL PROJECT IN GUDADLUPE, CA AND A 40 UNIT SENIOR AFFORDABLE RENTAL PROJECT IN SANTA MARIA, CA. PSHHC COMPLETED REHABILITATION ON A 7 UNIT AFFORDABLE HOUSING PROJECT IN SANTA BARBARA, CA. IN ADITION TO THE EXPENDITURES SHOWN, ADDITIONAL COSTS OF 1,840,304 WERE CAPITALIZED AS CONSTRUCTION COSTS FOR AFFORDABLE RENTAL HOUSING AND SELF-HELP OWNERSHIP PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fowler Former Presi | Officer | 40 | $219,704 |
Kenneth Trigueiro President/tr | Officer | 40 | $174,496 |
Griffin Moore Cfo/treasure | Officer | 40 | $142,596 |
Todd Broussard Asst. Secret | Officer | 40 | $139,914 |
Morgen Benevedo Former Mhd D | 40 | $137,083 | |
Sheryl Flores Asst. Sec. | Officer | 40 | $132,661 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spurr Company Construction | 6/29/21 | $1,135,939 |
Bergantz Group Inc Construction | 6/29/21 | $788,467 |
Bergantz Group Inc Construction | 6/29/21 | $788,467 |
Spurr Company Construction | 6/29/21 | $1,135,939 |
Murray Duncan Architects Inc Architect | 6/29/21 | $1,338,670 |
Kirk Construction Construction | 6/29/21 | $765,593 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $200,000 |
| Government grants | $1,916,988 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,198,362 |
| Noncash contributions included in lines 1a–1f | $44,883 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,315,350 |
| Total Program Service Revenue | $20,398,559 |
| Investment income | $319,363 |
| 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 | $24,033,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $156,612 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,205,547 |
| Compensation of current officers, directors, key employees. | $275,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,418,604 |
| Pension plan accruals and contributions | $298,050 |
| Other employee benefits | $1,080,929 |
| Payroll taxes | $527,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,542 |
| Fees for services: Accounting | $22,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $447,199 |
| Advertising and promotion | $0 |
| Office expenses | $216,858 |
| Information technology | $107,469 |
| Royalties | $0 |
| Occupancy | $283,892 |
| Travel | $33,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,262 |
| Interest | $682,112 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $995,777 |
| Insurance | $122,324 |
| All other expenses | $66,288 |
| Total functional expenses | $13,611,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,611,469 |
| Pledges and grants receivable | $196,875 |
| Accounts receivable, net | $2,694,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,596,520 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $258,664 |
| Net Land, buildings, and equipment | $21,234,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,847,177 |
| Intangible assets | $0 |
| Other assets | $68,771,771 |
| Total assets | $133,211,546 |
| Accounts payable and accrued expenses | $1,793,188 |
| Grants payable | $0 |
| Deferred revenue | $811,767 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $44,994,307 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,622,737 |
| Total liabilities | $51,221,999 |
| Net assets without donor restrictions | $79,991,163 |
| Net assets with donor restrictions | $1,998,384 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $133,211,546 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Peoples Self-Help Housing Corporation has recieved totaling $306,939.
| Awarding Organization | Amount |
|---|---|
Must Templeton, CA PURPOSE: DONATION FOR VARIOUS PURPOSES | $113,884 |
Community Foundation San Luis Obispo County San Luis Obispo, CA PURPOSE: UNRESTRICTED,2021 HEALTH & WELLNESS GRANT,CELEBRE COLLEGE PREP AND RETENTION FOR FIRST GENERATION LATINA COLLEGE STUDENTS | $57,000 |
Santa Barbara Foundation Santa Barbara, CA PURPOSE: HOUSING, SHELTER | $30,100 |
Hutton Foundation A Delaware Corp Santa Barbara, CA PURPOSE: CORE/GENERAL OPERATING SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Star Rock Ministries San Clemente, CA PURPOSE: Program Support | $20,250 |
Endowment Analysis
| Beg. Balance | $187,368 |
| Earnings | $629 |
| Net Contributions | $997 |
| Ending Balance | $188,994 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $210,406,101 | $54,393,007 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $51,199,286 | $45,374,355 |
Eah Inc San Rafael, CA | $269,353,281 | $53,747,905 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $105,200,928 | $42,280,090 |
Eden Housing Inc Hayward, CA | $420,059,670 | $90,990,309 |
Midpen Housing Corporation Foster City, CA | $279,122,902 | $50,937,724 |
Cesar Chavez Foundation Keene, CA | $206,528,631 | $52,041,546 |
Pico-Union Housing Corporation Los Angeles, CA | $136,637,775 | $17,120,613 |
Northwest Housing Alternatives Inc Milwaukie, OR | $66,415,282 | $18,428,543 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |