Psz House Corporation
- Assets
- $2.4m
- Revenue
- $227.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Carlsbad, CA
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 95-3581164
Organization Overview
Psz House Corporation is located in Carlsbad, CA. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psz House 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 12/2021, Psz House Corporation generated $227.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $147.6k during the year ending 12/2021. While expenses have increased by 8.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT UNDERGRADUATE AFFORDABLE HOUSING, SCHOLARSHIPS, AND LEADERSHIP TRAINING.
Describe the Organization's Program Activity:
TO SUPPORT UNDERGRADUATE AFFORDABLE HOUSING, SCHOLARSHIPS, AND LEADERSHIP TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Gatley Chief Executive Officer | Officer | 5 | $0 |
Jeff Witous Chief Financial Officer | Officer | 10 | $0 |
Gregg Stratten Secretary | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,461 |
| Investment income | $53,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $120,036 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $23,145 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,798 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,024 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $147,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,434 |
| Savings and temporary cash investments | $4,318 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $2,399,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,386 |
| Total assets | $2,435,977 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,449 |
| Total liabilities | $10,449 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,425,528 |
Grants Awarded
Over the last fiscal year, Psz House Corporation has awarded $11,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAMBDA CHI ALPHA EDUCATIONAL FOUNDATION INC PURPOSE: PROVIDING SCHOLARSHIPS, FINANCIAL SUPPORT FOR LEADERSHIP CONFERENCES SUCH AS THE STEAD LEADERSHIP SEMINAR AND THE HIGH ALPHA SUMMIT; ALUMNI VOLUNTEER TRAINING THROUGH THE NEVILLE ADVISORS COLLEGE; ACADEMIC PROGRAMS; ALCOHOL, DRUG, AND SOCIAL EDUCATION; AND PROFESSIONAL DEVELOPMENT AND CAREER SERVICES. | $10,000 |
FRATERNITY AND SORORITY ACTION FUND PURPOSE: THE FRATERNITY AND SORORITY ACTION FUND EXISTS TO PROMOTE AND ADVOCATE FOR THE FRATERNAL COMMUNITY IN FUNDING INITIATIVES SUCH AS GRASSROOTS ENGAGEMENT, PUBLIC RELATIONS, RESEARCH, LITIGATION AND STATE LEGISLATION DEVELOPMENT ON TOPICS OF HAZING, FREEDOM OF ASSOCIATION/ASSEMBLY, TITLE IX AND ZONING TO NAME SOME CURRENT AND PAST EFFORTS | $1,500 |