Overview
What is Peninsula Housing Development Xvii D/B/A La Palma Apartments?
Peninsula Housing Development XVII, also known as La Palma Apartments, is a nonprofit organization established under the laws of Florida. Their primary mission is to provide affordable housing facilities for the elderly population. This mission is achieved through the development, ownership, and operation of a HUD 202 project. Based in Miami, Florida, they offer suitable living accommodations for the elderly, ensuring they have access to comfortable and affordable housing. The organization's commitment to this demographic reflects its dedication to enhancing the quality of life for the elderly community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Peninsula Housing Development XVII, operating as La Palma Apartments, has earned a Three-Star rating with an overall score of 79%. This rating is solely derived from its Accountability & Finance score, which is indicative of the organization's financial health and governance practices. The charity's strong emphasis on accountability is reflected in its high scores for independent board composition and financial oversight.
The organization demonstrates robust governance with 75% of its board members being independent, ensuring a conflict-free decision-making process. Additionally, it has maintained a perfect score in areas such as its conflict of interest policy and financial statements audit and oversight committee, showcasing a commitment to transparency and ethical management practices.
One notable strength is the charity's impressive program expense ratio of 99.49%, indicating that nearly all of its expenditures are directed towards its programs. This efficiency suggests that the charity is effectively utilizing its resources to serve its mission. Overall, while the organization shows solid governance and financial accountability, ongoing transparency and continued efforts to maintain high performance standards will be essential for sustaining trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Peninsula Housing Development Xvii D/B/A La Palma Apartments legitimate?
Peninsula Housing Development Xvii D/B/A La Palma Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Housing Development Xvii D/B/A La Palma 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: $89,044
For more financial information, click here
What is the mission statement of Peninsula Housing Development Xvii D/B/A La Palma Apartments?
Peninsula Housing Development XVII, doing business as La Palma Apartments, is a nonprofit organization based in Florida, dedicated to developing, owning, and operating affordable housing facilities. Their primary mission is to provide these facilities specifically for elderly individuals, ensuring they have access to affordable housing options. By doing so, the organization aims to contribute to the well-being and comfort of this demographic, enabling them to maintain their independence and quality of life. The organization's focus on affordable housing for the elderly reflects its commitment to social responsibility and equitable living standards.
Who is the CEO of Peninsula Housing Development Xvii D/B/A La Palma Apartments?
Guarione Diaz is the Dir/President of Peninsula Housing Development Xvii D/B/A La Palma Apartments.
What is the revenue of Peninsula Housing Development Xvii D/B/A La Palma Apartments?
Peninsula Housing Development Xvii D/B/A La Palma Apartments's revenue in 2022 was $606,522.
Who are the executives of Peninsula Housing Development Xvii D/B/A La Palma Apartments and what are their salaries?
There 6 volunteers at Peninsula Housing Development Xvii D/B/A La Palma Apartments.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $95,006
- Other: $16,286
- 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: $26,656
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Peninsula Housing Development Xvii D/B/A La Palma Apartments?
Peninsula Housing Development Xvii D/B/A La Palma Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peninsula Housing Development Xvii D/B/A La Palma Apartments
Peninsula Housing Development XVII, also known as La Palma Apartments, is a nonprofit organization established under Florida's laws and statutes. Its primary mission is centered around providing affordable housing facilities for elderly individuals. This mission is carried out through the development, ownership, and operation of a HUD 202 project, which is specifically designed to cater to the needs of the elderly population. By offering affordable housing, Peninsula Housing Development XVII aims to contribute to the well-being and comfort of this vulnerable group, ensuring they have a safe and secure living environment.
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Impact
July, 2024
Peninsula Housing Development XVII D/B/A La Palma Apartments has a significant impact on the community by providing affordable housing facilities to elderly persons in Miami, Florida. By offering a safe and affordable living option for this vulnerable demographic, this organization plays a crucial role in addressing the housing needs of the elderly population. Through its mission to provide affordable housing facilities, Peninsula Housing Development XVII D/B/A La Palma Apartments helps ensure that elderly individuals have access to suitable housing options that meet their specific needs. This impact contributes to promoting the well-being and quality of life for elderly residents in the Miami area.
This information is meant to be a general summary of Peninsula Housing Development Xvii D/B/A La Palma 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: $156
- Program Service Revenue: $499,968
- Gross Receipts: $606,522
Assets and Liabilities:
- Total Assets: $9,462,082
- Total Liabilities: $13,183,163
- Net Assets: -$3,721,081
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANTS' RENT
Revenue
$210,428
Organization Details
Founding Year
2003
Phone
(305) 642-3634Principal Officer
Guarione Diaz
Main Address
1223 SW 4TH STREET SUITE 202, MIAMI, FL, 331352407
NTEE Category
Code: P75 - Human services
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