Peoples Self-Help Housing Corporation
- Assets
- $140.0m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 125
- Location
- San Luis Obispo, CA
- Founding
- 07/1971
- Data as of
- 06/2022
- 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 06/2022, Peoples Self-Help Housing Corporation employed 125 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 06/2022, Peoples Self-Help Housing Corporation generated $17.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $14.6m during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 4 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
2022
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 2,493 LOW-INCOME RESIDENTS. PSHHC AFFORDABLE HOUSING UNITS PROVIDE HOUSING TO 139 DISABLED RESIDENTS, 171 SENIOR RESIDENTS, 39 VETERAN RESIDENTS AND THEIR FAMILIES AND 156 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 358 PARTICIPANTS AND 138 PARTICIPANTS IN THE COLLEGE CLUB PROGRAM. IN ADDITION,PSHHC'S SUPPORTIVE HOUSING PROGRAM ASSISTED 1,286 RESIDENTS WITH CLINICAL CASE MANAGEMENT SERVICES.
AFFORDABLE HOUSING DEVELOPMENT - DURING THE CURRENT YEAR, PSHHC 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, 15 AFFORDABLE SELF-HELP HOMES IN SAN MIGUEL, CA, 36 AFFORDABLE SELF-HELP HOMES IN GREENFIELD, CA AND 49 AFFORDABLE HOMES IN SANTA MARIA. PSHHC HAS CONTINUED 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 CONTINUE AT A 56 MULTIFAMILY AFFORDABLE HOUSING PROJECT IN ISLA VISTA, CA. CONSTRUCTION BEGAN AT 50 UNIT FAMILY AFFORDABLE HOUSING PROJECT IN PISMO BEACH, CA AND A 69 UNIT FAMILY AFFORDABLE HOUSING PROJECT IN SANTA PAULA,CA. IN ADDITION TO THE EXPENDITURES SHOWN, ADDITIONAL COSTS OF 1,283,749 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 | $264,890 |
Kenneth Trigueiro President/ce | Officer | 40 | $210,204 |
Griffin Moore Cfo/treasure | Officer | 40 | $161,443 |
Anna Miller Coo/ Asst. T | Officer | 40 | $157,630 |
Todd Broussard Asst. Secret | Officer | 40 | $150,513 |
Nicole Ramos Hr Director | 40 | $140,533 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neal Portlock Construction Construction | 6/29/22 | $2,261,380 |
Bergantz Group Inc Construction | 6/29/22 | $1,372,673 |
Toro Enterprises Construction | 6/29/22 | $1,413,795 |
Kirk Construction Construction | 6/29/22 | $1,333,455 |
Bonesco Brothers Construction | 6/29/22 | $1,212,979 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $290,000 |
| Government grants | $927,857 |
| All other contributions, gifts, grants, and similar amounts not included above | $823,810 |
| Noncash contributions included in lines 1a–1f | $14,260 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,041,667 |
| Total Program Service Revenue | $14,120,287 |
| Investment income | $1,466,657 |
| 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 | $17,628,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,598 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,413,272 |
| Compensation of current officers, directors, key employees. | $332,474 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,495,595 |
| Pension plan accruals and contributions | $308,557 |
| Other employee benefits | $1,130,144 |
| Payroll taxes | $561,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,618 |
| Fees for services: Accounting | $24,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $464,977 |
| Advertising and promotion | $0 |
| Office expenses | $257,460 |
| Information technology | $160,905 |
| Royalties | $0 |
| Occupancy | $215,766 |
| Travel | $73,367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,614 |
| Interest | $774,929 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,018,091 |
| Insurance | $114,213 |
| All other expenses | $108,946 |
| Total functional expenses | $14,601,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,967,490 |
| Pledges and grants receivable | $126,346 |
| Accounts receivable, net | $6,266,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,107,006 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $404,829 |
| Net Land, buildings, and equipment | $31,786,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,858,127 |
| Intangible assets | $0 |
| Other assets | $60,458,887 |
| Total assets | $139,975,703 |
| Accounts payable and accrued expenses | $2,633,857 |
| Grants payable | $0 |
| Deferred revenue | $1,384,672 |
| 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 | $49,807,347 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,901,902 |
| Total liabilities | $57,727,778 |
| Net assets without donor restrictions | $81,802,149 |
| Net assets with donor restrictions | $445,776 |
| 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 | $139,975,703 |