Flexible Psh Solutions Inc.

“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.”

“The Flexible PSH Board meets monthly and discusses issues related to operations, including any events, transactions, or activities that could suggest conflicts of interest.”

“All salaried positions in the company, both prospective and actual, were reviewed by the Board, with salary compensation assessed through a review of market information by position and industry comparability.”

“The organization's financial statements and financial control and governance policies are disclosed regularly to the public and the public agencies who are funding partners for the affordable housing projects F-PSH develops, as part of our compliance with the public funding procedures. Our statements and policies are additionally available to the public upon request.”

“Total Net Assets were negative in 2022, as program service development fees fell short of the amount anticipated for the year due to general partnership constraints and precautions on construction cost estimates. As a result, the Enterprise had to borrow portions of its operating deficits from vendor consultants and officers of the firm.”

“Expenses of the Enterprise exceeded Revenues by $65,429, resulting in a change in Net Assets by the same amount. Beginning Net Assets were $30,124, leaving a Net Assets deficit at the end of the year of ($35,305).”