Flexible Psh Solutions INC FY2020 filing

Tax-deductible

Los Angeles, CA501(c)(3)HousingEIN 82-4332625Revenue $80K in FY2020

On file with the IRSflexiblepsh.org3435 Wilshire Blvd Ste 1400, 90010-1923 · Los Angeles, CATax-exempt since Mar 2019Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

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.

501(c)(3) charity; gifts are tax-deductible.
$56K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $134K a year · 134% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$56K
to officers and key staff · 69% of spending
Concern: pay to officers and key staff is 69% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0M
98% of total assets
Concern: liabilities are 98% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 8 voting members
Looks good: 5 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$80K
Spent
$80K
To programs
0%
Net assets
$17K
By yearFY2020–FY2024
Revenue
$80K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$80K
FY2021$128K
FY2022$289K
FY2023$1K
FY2024$1K
Expenses
$80K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$80K
FY2021$114K
FY2022$355K
FY2023$9K
FY2024$613K
Net assets
$17K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$17K
FY2021$30K
FY2022−$35K
FY2023−$43K
FY2024−$655K

From the FY2020 Form 990 · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $80K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

9 people listed on the 990; $56K paid to officers and key staff.

Part VII, Section A · reportable compensation
$55,647Pt VII · Sec A
$0Pt VII · Sec A
Chief Operating Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Travis McClendon’s $104K as Associate is at the 87th percentile of top reported officer pay among 142 <$100K housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2022FY2021FY2020
Travis McClendon$103,720$51,780$55,647
Beth Lucas$47,000——
John E Molloy$27,000——
Stephen L Hicks$4,500——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Flexible Psh Solutions INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops permanent housing with services for California's chronically homeless.

Questions for Flexible Psh Solutions INC

Tap to ask. Flexible Psh Solutions INC sees how many people are interested.

Your first name shows with your question. Flexible Psh Solutions INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2020
01

Flexible PSH continued its primary organizational purpose in 2020, the development of its inaugural development project, Enlightenment Plaza, a planned PSH development consisting of approximately 337 dwelling units for tenants who have previously been homeless.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$80K
Ln 12
Gifts and grantsLn 1h$51K
Fees for servicesLn 2g$29K
Money outPt IX
$80K
Ln 25
Managementcol C$80K
Owns and owesPt X
$17K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51K
Government grantsLn 1e$25K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$29K
Total revenueLn 12$80K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
InvestmentsLn 11–13$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.0M
Net assetsLn 32$17K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2−$2K$4K
InvestmentsLn 11–13$672K$1.0M
Total assetsLn 16$696K$1.0M
LiabilitiesLn 26$696K$1.0M
Net assetsLn 32$0$17K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$56K$56K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$6K$0$6K$0
All other expensesLn 24e$0$0
Total functional expensesLn 25$80K$0$80K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1K$613K−$611K−$655K 990 PDF
FY2023 $1K$9K−$8K−$43K 990 PDF
FY2022 $289K$355K−$65K−$35K 990 PDF
FY2021 $128K$114K$13K$30K 990 PDF
FY2020 Viewing $80K$80K$0$17K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $80,256 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,706$51,056
I-9 Program service revenuePrior year $60,000$29,200
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $85,706$80,256
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $58,219$55,647
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $27,487$24,609
I-18 Total expensesPrior year $85,706$80,256
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 5 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $80,256 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$25,000
VIII-1f All other contributions, gifts and grants$26,056
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$51,056
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,200 · Unrelated business $0 · Excluded from tax $0$29,200
VIII-12 Total revenueRelated to mission $29,200 · Unrelated business $0 · Excluded from tax $0$80,256
Part IX · Statement of functional expenses $80,256 across 4 lines filed
IX-5 Pay of current officers, directors and key staffManagement $55,647$55,647
IX-23 InsuranceManagement $19,048$19,048
IX-24 Other expenses (24a–d)Programs $0 · Management $5,561 · Fundraising $0$5,561
IX-24e All other expensesPrograms $0$0
IX-25 Total functional expensesPrograms $0 · Management $80,256 · Fundraising $0$80,256
Part X · Balance sheet $1,027,344 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year −$2,106$3,981
X-3 Pledges and grants receivableStart of year $25,306$12,700
X-13 Program-related investmentsStart of year $672,376$1,010,663
X-16 Total assetsStart of year $695,576$1,027,344
X-25 Other liabilitiesStart of year $672,376$1,010,663
X-26 Total liabilitiesStart of year $695,576$1,010,663
X-32 Total net assets or fund balancesStart of year $0$16,681
X-33 Total liabilities and net assetsStart of year $695,576$1,027,344
Part XI · Reconciliation of net assets $16,681 net assets at year end
XI-1 Total revenue$80,256
XI-2 Total expenses$80,256
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$16,681
XI-10 Net assets at end of year$16,681

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.