Peninsula Housing Development Inc Vi
- Assets
- $2.5m
- Revenue
- $612.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 06/1990
- Data as of
- 06/2022
- EIN
- 65-0198267
Organization Overview
Peninsula Housing Development Inc Vi is located in Miami, FL. The organization was established in 1990. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Peninsula Housing Development Inc VI 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, Peninsula Housing Development Inc VI generated $612.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $747.9k during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AFFORDABLE HOUSING TO ELIGIBLE LOW-INCOME ELDERLY PERSONS OR HOUSEHOLDS IN ACCORDANCE WITH THE HOUSING ASSISTANCE PROJECT RENTAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guarione M Diaz President | 2 | $0 | |
Wilfredo Allen Director | 2 | $0 | |
Raquel Switzer Treasurer | 2 | $0 | |
Sergio Masvidal Secretary | 2 | $0 | |
Marta Navarro Director | 2 | $0 | |
Gladys Barreiro Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $368,907 |
| Interest on Savings | $110 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $243,039 |
| Total Revenue | $612,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $71,387 |
| Pension plans, employee benefits | $23,740 |
| Interest | $0 |
| Taxes | $5,454 |
| Depreciation | $154,749 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $477,707 |
| Total operating and administrative expenses | $747,941 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $747,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,143 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $528 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,691 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,326,451 |
| Other assets | $136,591 |
| Total assets | $2,514,404 |
| Accounts payable and accrued expenses | $63,360 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $5,164,100 |
| Other liabilities | $248,027 |
| Total liabilities | $5,475,487 |