Prosperity Way Inc
- Assets
- $6.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 07/2015
- Data as of
- 06/2022
- EIN
- 47-3608867
Organization Overview
Prosperity Way Inc is located in Beverly Hills, CA. The organization was established in 2015. 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. Prosperity Way 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 06/2022, Prosperity Way Inc generated $99.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $116.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Brown Secretary | 0 | $0 | |
Angelique Jackson Treasurer | 0 | $0 | |
Brittany Stroud CEO | 40 | $0 | |
Lance Jackson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $93,887 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,292 |
| Total Revenue | $99,179 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,379 |
| Professional fees and other payments to independent contractors | $11,043 |
| Occupancy, rent, utilities, and maintenance | $49,468 |
| Printing, publications, postage, and shipping | $263 |
| Other expenses | $17,294 |
| Total expenses | $116,447 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $377 |
| Other assets | $0 |
| Total assets | $6,633 |
| Total liabilities | $34,322 |
| Net assets or fund balances | -$27,689 |