2024-05-16T18:43:46-07:00 2023-12-31 990 2023-01-01 824332625 FLEXIBLE PSH SOLUTIONS INC FLEX 2132487185 3435 Wilshire Blvd Suite 1400 Los Angeles CA 900101923 Stephen Hicks CFO 5102076735 2024-05-02 Stephen Hicks 999009999 1 1 11 1 AAL2 2023 2023-04-26 12:10:37Z John Molloy 3435 Wilshire Blvd Suite 1400 Los Angeles CA 900101923 1229 0 X https://flexiblepsh.org X 2018 CA Flexible PSH Solutions, Inc. develops and operates permanent supportive housing (PSH) by offering a creative approach to increasing the volume of permanent supportive housing that serves the chronically homeless in California and provides supportive services to help keep its tenants living in homes and not in the streets. 6 4 1 4 0 0 25000 0 250000 0 0 0 14297 1229 289297 1229 0 0 6512 0 258282 5838 0 0 0 89932 3479 354726 9317 -65429 -8088 40488199 57782168 40523504 57825561 -35305 -43393 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. The Organization advanced its development progress in respect of its Enlightenment Plaza project by completing its project funding for the Montesquieu, Rousseau, and Voltaire project phases. Substantial progress was made in the construction of each of the buildings making up the first three phases of Enlightenment Plaza. As of the close of the calendar year, funding decisions based on certain application requests made by F-PSH for the 4th phase of of the Project, Locke Lofts, were pending with the expectation that such applications would receive funding awards in the 1st qtr of 2024. 0 0 0 0 0 Flexible PSH Solutions advanced the development of its Enlightenment Plaza affordable housing project in 2023, advancing the construction of the first three of its five phases of the project in support of more than 150 units of the total 387 planned units for the project. In addition, F-PSH secured funding commitments in support of its next project phase, Locke Lofts, a project phase that will build an additional 150 affordable permanent supportive housing units within the Enlightenment Plaza campus. Construction completion on the first three phases, consisting of the Rousseau, Montesquieu, and Voltaire projects is expected in the 3rd and 4th quarters of 2024 and the 1st and 2nd quarter of 2025. The funding preparation work and commitments received for Locke Lofts that F-PSH accomplished in 2022 is anticipated to lead to construction financing closing during 4th qtr 2024 or 1st qtr 2025, with ground-breaking occuring by the 2nd qtr of 2025. 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 CA X Stephen L Hicks 5102076735 3435 Wilshire Blvd Suite 1400 Los Angeles CA 900101923 X Paul Fox Director 0.25 0 X 0 0 0 Curtis Holguin Director 0.5 0 X 0 0 0 James Kohn Director 0.25 0 X 0 0 0 Philip Nelson Lee Director 0.25 0 X 0 0 0 John E Molloy CEO 40 0 X X 0 0 0 Stephen L Hicks CFO 40 0 X X 0 0 0 Travis McClendon Associate 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Reimbursements and Other Credits 236116 1229 1229 0 0 0 0 0 0 1229 1229 1229 0 0 0 0 0 0 0 0 0 0 5838 5838 0 0 1353 1353 2126 2126 9317 0 9317 0 37 18 9067 9086 10000 10000 0 40469095 57763064 40488199 57782168 54409 62497 40469095 57763064 40523504 57825561 X -35305 -43393 0 0 -35305 -43393 40488199 57782168 -8088 0 0 0 0 0 X 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1229 1229 0 0 0 0 1229 1229 X Schedule A, Part II, Line 10 Revenues in 2023 were de minimis and represented reimbursement for certain Officer advances in 2022 and certain bank and vendor transaction credits. Otherwise, F-PSH received no revenue for 2023. Schedule A, Part III, Line 12 In 2023, F-PSH had no revenues from its program activities, as development project milestones had not been achieved (completion of construction and rent up for occupancy), so no development fees were earned. The figure reported as revenue in Schedule A Part III Line 12 represented a reimbursement of an expense advance and certain credits of bank transaction charges. Investments - Development in Progress 57763064 C 57763064 Stephen Hicks CFO Advances to working capital to pay organization operating expenses. X 8088 8088 0 1 1 Stephen Hicks CFO Advances to working capital X 10409 10409 0 1 1 Dalila Sotelo Consultant Advances tp working capital X 44000 44000 0 1 1 62497 Form 990, Part VI, Section B, Line 11b All Form(s) 990 and its accompanying attachments are presented to the F-PSH Board of Directors at its annual Board meeting, and interim statements and financial updates are provided at regular meetings which occur periodically, not less than quarterly. Information in this Form 990 is presented to and reviewed by the governing body of the organization at regular intervals and meetings of the body, its Board of Trustees. Tax, financial information, and the financial activities and position of the enterprise are regularly discussed at every meeting of the Governing Body of the Enterprise. Form 990, Part VI, Section B, Line 12c The organization has instituted administrative and financial controls on its use and withdrawal of funds. Two signatures are required (CEO and CFO signatures) for bank withdrawals of $500.00 or more and no expenditures of this amount or more can be authorized without approval of the CEO and the CFO. The Flexible PSH Board meets monthly and discusses issues related to operations, including any events, transactions, or activities that could suggest conflicts of interest. Form 990, Part VI, Section C, Line 17 State of CA Form 990, Part VI, Section C, Line 19 The organization made its financial statements and information on its operation through postings on its website, transmittal of this information to public agencies that it works with. F-PSH filed for an extension, and that extension was listed as being accepted in the E-Filing app. The return filing needed to be extended as I, the preparer, encountered a continuous and unresolvable rounding error in the e-filing app, where the statement of financial position was out of balance by $1, even though all data was entered accurately with proper dollar and cents. I ran out of time trying to provide fully accurate information, and decided to alter the data by the rounding error amount to be able to file the return properly.