PHSI is a Full-service property management company specializing in government-assisted and other affordable housing, including housing owned by not-for-profit institutions. We are a leader in providing cost-effective, comprehensive services to enhance a property's revenue collection, cost control, maintenance and physical repair, financial reporting and integrity, bulk purchasing of goods and services, work force management, and tenant/resident relations. PHSI carries out its services in the context of Phipps Houses' overall corporate mission. It is guided by the principle that preserving communities requires competent property management with a high degree of financial integrity and internal control to enhance an asset's value and provide high quality services to residents, owners, and public and private stakeholders.

PHSI does not "unbundle" its services for higher prices or direct third-party contracted services to captive or related entities. We will offer a reduced set of asset management or "back office" services at substantially reduced prices to support cost-conscious mid-sized owner/managers who want to 1) maintain control over property operations 2) assure internal control without making substantial fixed cost investments in technology or staff, or 3) see value in maintaining community presence.

Our asset management service offerings include:

• Receivables management: billing, rent collection
• Subsidy vouchering
• Collections and lock box
• Disbursements
• Establishment of bank accounts
• Cash management
• Maintenance of cash or accrual general ledgers
• Computer generated financial statements
• Preparation of financial statement for audit
• Budget preparation
• Tracking of expenditures versus budget
• Access to computer database from site
• Payroll and payroll tax filings
• Indirect cost rate computations
• Preparation of reports to funding agencies
• Accounts payable and purchasing services