Civic Intelligence

Prosperity Way Inc

990EZ • Fiscal year 2020 • EIN 47-3608867

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 08, 2022

Organization ProfileN/A
8306 Wilshire BlvdBeverly Hills, CA 90211

(714) 440-4839

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.44x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.10x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

26th percentile

-13%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

11th percentile

-38%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

78%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$36,402

Down $22,169 (-38%) from 2019

Net Assets

$20,363

No earlier filing loaded for comparison.

Liabilities

Down

$16,039

Down $873 (-5.2%) from 2019

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin26th percentile

Revenue

Up

$166,102

Up $73,031 (+78%) from 2019

Expenses

Up

$187,398

Up $109,257 (+140%) from 2019

Net Income

Down

-$21,296

Down $36,226 (-243%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0-$50KAssets 2015: $1Liabilities 2015: $02015Assets 2018: $38,631Liabilities 2018: $11,902Net Assets 2018: $26,7292018Assets 2019: $58,571Liabilities 2019: $16,9122019Assets 2020: $36,402Liabilities 2020: $16,039Net Assets 2020: $20,3632020Assets 2021: $29,193Liabilities 2021: $39,614Net Assets 2021: -$10,4212021Assets 2022: $6,633Liabilities 2022: $34,322Net Assets 2022: -$27,6892022Assets 2023: $29,501Liabilities 2023: $9,690Net Assets 2023: $19,8112023

Highlighted filing

2020

Assets$36,402
Liabilities$16,039
Net Assets$20,363
Open 2020 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2015: $3,000Expenses 2015: $0Net Income 2015: $3,0002015Revenue 2018: $167,656Expenses 2018: $154,730Net Income 2018: $12,9262018Revenue 2019: $93,071Expenses 2019: $78,141Net Income 2019: $14,9302019Revenue 2020: $166,102Expenses 2020: $187,398Net Income 2020: -$21,2962020Revenue 2021: $163,453Expenses 2021: $194,237Net Income 2021: -$30,7842021Revenue 2022: $99,179Expenses 2022: $116,447Net Income 2022: -$17,2682022Revenue 2023: $185,270Expenses 2023: $137,770Net Income 2023: $47,5002023

Highlighted filing

2020

Revenue$166,102
Expenses$187,398
Net Income-$21,296
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 8, 2022
Return Version
2019v5.1
Gross Receipts
$166,102
Mission and Program Overview

Mission

Provide housing for former foster care

Program Services

DescriptionGrantsExpenses
PROVIDING HOUSING FOR FORMER FOSTERE CARE YOUTH.-$126,171
HELPING YOUTH WITH LIFE SKILLS, CASE MANAGEMENT, AND HOUSING RESOURCES FOR LIFE AFTER THE TRANSITIONAL HOUSING PROGRAM.-$47,079
PROVIDING GIFT CARDS TO YOUTH FOR HOUSEHOLD ITEMS, BUS PASSES, AND FOOD.-$15,065
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RYAN BROWNSecretary-$0--
KEVIN DORSEYTreasurer-$0--
BRITTANY STROUDCEOPT$0--
LANCE JACKSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Prosperity Way Inc
EIN
47-3608867
Address
8306 WILSHIRE BLVD, BEVERLY HILLS, CA 90211

Signing Officer

Name
Brittany Stroud
Title
CEO
Phone
7144404839
Signed
2022-08-08
Discuss with paid preparer
Yes

Preparer

Firm
Vazquez & Associates
Address
5122 Katella Ave Suite 302, Los Alamitos, CA 90720
Preparer
Louie Vazquez III
Phone
7144404839
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description amountpayroll taxes & fees 5,772supplies 1,097travel 3,804insurance 10,463bank charges 863auto 427meals & entertainment 105gift cards 94dues & subscriptions 287exit fund 1,257client relations 930moving expense 1,020”

Description of other assets Part II line 24

“Category beginning of year end of yearaccounts receivable 27,875 31,576deposits 2,960 1,725”

Description of total liabilities Part II line 26

“Category beginning of year end of yearaccrued expenses 12,620 3,347accrued payroll 0 3,025related party payable 4,292 6,667sba grant 0 3,000”

Raw XML Appendix136 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0BRITTANY STROUD
IRS990EZ/BooksInCareOfDetail/PhoneNum07144404839
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt08306 WILSHIRE BLVD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BEVERLY HILLS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd090211
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt027736
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt03101
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0900
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-21296
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt08515
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt058571
IRS990EZ/Form990TotalAssetsGrp/EOYAmt036402
IRS990EZ/GrossReceiptsAmt0166102
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt041659
IRS990EZ/NetAssetsOrFundBalancesEOYAmt020363
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt041659
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt020363
IRS990EZ/OccupancyRentUtltsAndMaintAmt091239
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt220.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RYAN BROWN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KEVIN DORSEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BRITTANY STROUD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3LANCE JACKSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt030835
IRS990EZ/OtherAssetsTotalDetail/EOYAmt033301
IRS990EZ/OtherExpensesTotalAmt026119
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE HOUSING FOR FORMER FOSTER CARE
IRS990EZ/PrintingPublicationsPostageAmt0309
IRS990EZ/ProgramServiceRevenueAmt0165202
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDING HOUSING FOR FORMER FOSTERE CARE YOUTH.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1HELPING YOUTH WITH LIFE SKILLS, CASE MANAGEMENT, AND HOUSING RESOURCES FOR LIFE AFTER THE TRANSITIONAL HOUSING PROGRAM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2PROVIDING GIFT CARDS TO YOUTH FOR HOUSEHOLD ITEMS, BUS PASSES, AND FOOD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0126171
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt147079
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt215065
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt061216
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt016912
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt016039
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0187398
IRS990EZ/TotalProgramServiceExpensesAmt0188315
IRS990EZ/TotalRevenueAmt0166102
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0900
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0165202
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0167656
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0332858
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0333758
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0166102
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0167656
IRS990ScheduleA/Total509Grp/TotalAmt0333758
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0166102
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0167656
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0333758
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTPAYROLL TAXES & FEES 5,772SUPPLIES 1,097TRAVEL 3,804INSURANCE 10,463BANK CHARGES 863AUTO 427MEALS & ENTERTAINMENT 105GIFT CARDS 94DUES & SUBSCRIPTIONS 287EXIT FUND 1,257CLIENT RELATIONS 930MOVING EXPENSE 1,020
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CATEGORY BEGINNING OF YEAR END OF YEARACCOUNTS RECEIVABLE 27,875 31,576DEPOSITS 2,960 1,725
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARACCRUED EXPENSES 12,620 3,347ACCRUED PAYROLL 0 3,025RELATED PARTY PAYABLE 4,292 6,667SBA GRANT 0 3,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRITTANY STROUD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07144404839
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROSPERITY WAY INC
ReturnHeader/Filer/BusinessNameControlTxt0PROS
ReturnHeader/Filer/EIN0473608867
ReturnHeader/Filer/USAddress/AddressLine1Txt08306 WILSHIRE BLVD
ReturnHeader/Filer/USAddress/CityNm0BEVERLY HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090211
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0871625850
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Vazquez & Associates
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05122 Katella Ave Suite 302
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Los Alamitos
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090720
ReturnHeader/PreparerPersonGrp/PhoneNum07144404839
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Louie Vazquez III
ReturnHeader/ReturnTs02022-08-08T16:14:21-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,402
Liabilities
$16,039
Net assets
$20,363
Revenue
$166,102
Expenses
$187,398
Net income
-$21,296
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.30$0.10$0.20$1.85$1.38$0.48
2022Detailed filing. Detailed filing data is available for this year.$0.07$0.34$0.28$0.99$1.16$0.17
2021Detailed filing. Detailed filing data is available for this year.$0.29$0.40$0.10$1.63$1.94$0.31
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.16$0.20$1.66$1.87$0.21
2019Summary only. Only limited summary data is available for this year.$0.59$0.17$0.93$0.78$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.12$0.27$1.68$1.55$0.13
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.03$0.00$0.03