Overview
What is Peninsula Housing Development Inc Xvi Royal Palm Apartments?
Peninsula Housing Development Inc Xvi Royal Palm Apartments is a nonprofit organization established under Florida's laws, situated at 1223 SW 4th Street, Miami, Florida. Their primary mission is to provide affordable housing facilities for the elderly population. They accomplish this through the development, ownership, and operation of a HUD 202 project, which is specifically designed to cater to the elderly's housing needs. The organization aims to make a difference in the lives of senior citizens by offering them a comfortable and affordable living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Peninsula Housing Development Inc Xvi Royal Palm Apartments has received a Three-Star rating from Charity Navigator, indicating a fair level of accountability and finance management. This rating is based entirely on their accountability and finance score of 79, reflecting a solid commitment to responsible financial practices and transparency in operations.
The organization demonstrates strong governance with a majority of independent board members, achieving full points in board independence and documenting board meeting minutes. Additionally, they have established comprehensive policies regarding conflict of interest and whistleblower protections, which contribute to their positive financial oversight.
However, a notable concern is their liabilities to assets ratio, which stands at 152.60%, resulting in zero points in that area. This may suggest potential financial instability, and while their program expense ratio is commendable at 93.65%, stakeholders should consider the implications of high liabilities in relation to their overall financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Peninsula Housing Development Inc Xvi Royal Palm Apartments legitimate?
Peninsula Housing Development Inc Xvi Royal Palm Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Housing Development Inc Xvi Royal Palm Apartments submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $84,460
For more financial information, click here
What is the mission statement of Peninsula Housing Development Inc Xvi Royal Palm Apartments?
Peninsula Housing Development Inc Xvi Royal Palm Apartments, a nonprofit organization based in Florida, is committed to a mission aimed at providing affordable housing facilities for elderly individuals. This mission is carried out through the development, ownership, and operation of a HUD 202 project. The organization's primary goal is to make housing accessible and affordable for the elderly population, thereby contributing to their overall well-being. By offering such facilities, the organization seeks to address the housing needs of this demographic, ensuring they can live comfortably and independently.
Who is the CEO of Peninsula Housing Development Inc Xvi Royal Palm Apartments?
Guarione Diaz is the Director/President of Peninsula Housing Development Inc Xvi Royal Palm Apartments.
What is the revenue of Peninsula Housing Development Inc Xvi Royal Palm Apartments?
Peninsula Housing Development Inc Xvi Royal Palm Apartments's revenue in 2022 was $633,040.
Who are the executives of Peninsula Housing Development Inc Xvi Royal Palm Apartments and what are their salaries?
There 6 volunteers at Peninsula Housing Development Inc Xvi Royal Palm Apartments.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $95,006
- Other: $27,075
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $165,792
- Other: $29,386
Where can I find the form 990 for Peninsula Housing Development Inc Xvi Royal Palm Apartments?
Peninsula Housing Development Inc Xvi Royal Palm Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peninsula Housing Development Inc Xvi Royal Palm Apartments
Peninsula Housing Development Inc Xvi Royal Palm Apartments, a nonprofit organization based in Florida, is dedicated to fulfilling its mission of providing affordable housing facilities for the elderly population. Established under the state's laws and statutes, this organization specializes in the development, ownership, and operation of HUD 202 projects. By doing so, it offers a sanctuary for elderly individuals, ensuring they have access to affordable housing facilities that cater to their unique needs. The mission of Peninsula Housing Development Inc Xvi Royal Palm Apartments is not just about providing a roof over their heads but also about creating an environment that supports the elderly, allowing them to live with dignity and comfort.
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Impact
July, 2024
Peninsula Housing Development Inc Xvi Royal Palm Apartments has a significant impact by providing affordable housing facilities to elderly persons in Miami, Florida. This organization plays a crucial role in addressing the housing needs of the elderly population, ensuring they have access to safe and secure housing options. By offering affordable housing, Peninsula Housing Development Inc Xvi Royal Palm Apartments contributes to enhancing the quality of life for elderly individuals who may face financial constraints in accessing suitable housing. This impact is essential in promoting the well-being and stability of the elderly community in Miami.
This information is meant to be a general summary of Peninsula Housing Development Inc Xvi Royal Palm Apartments. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $107
- Program Service Revenue: $632,811
- Gross Receipts: $633,040
Assets and Liabilities:
- Total Assets: $6,016,671
- Total Liabilities: $8,853,581
- Net Assets: -$2,836,910
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$626,421
LAUNDRY REVENUE
Revenue
$6,390
Organization Details
Founding Year
2001
Phone
(305) 642-3634Principal Officer
Guarione Diaz
Main Address
1223 SW 4TH STREET 2ND FLOOR 202, MIAMI, FL, 331352407
NTEE Category
Code: L21 - Housing
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