Overview
What is Peninsula Housing Development Inc Iii Saga Bay Apartments?
Peninsula Housing Development Inc III, specifically its Saga Bay Apartments project, is a nonprofit organization incorporated in Florida. Their primary mission is to provide affordable housing facilities for elderly individuals. Established under Florida's laws and statutes, the organization develops, owns, and manages a HUD 202 project, which is dedicated to offering appropriate living spaces for the elderly community. Their goal is to ensure that these individuals have access to affordable and comfortable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Peninsula Housing Development Inc III Saga Bay Apartments has received a solid Three-Star rating from Charity Navigator, indicating a respectable level of performance in accountability and finance. With a score of 79%, the organization demonstrates a commitment to transparency and responsible financial management, which is essential for maintaining donor trust and supporting its mission.
The nonprofit showcases strengths in several key areas, including a fully independent board of directors and high marks for its financial oversight. The organization scores perfectly on its audit and oversight committee as well as on its conflict of interest and whistleblower policies, illustrating a strong governance structure. Additionally, an impressive program expense ratio of 96.33% indicates that a large majority of funds are directed toward its programs rather than administrative costs.
While the ratings reflect a generally positive assessment, the 79% score suggests there may still be areas for improvement in either financial practices or organizational effectiveness. Continued efforts to enhance these aspects could help the nonprofit achieve even higher ratings in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Peninsula Housing Development Inc Iii Saga Bay Apartments legitimate?
Peninsula Housing Development Inc Iii Saga Bay Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Housing Development Inc Iii Saga Bay 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: $390,347
For more financial information, click here
What is the mission statement of Peninsula Housing Development Inc Iii Saga Bay Apartments?
Peninsula Housing Development Inc III, as a nonprofit organization, is established under Florida's laws with the primary goal of developing, owning, and operating affordable housing facilities. The organization's mission, in its essence, is to provide these facilities for the elderly population. By doing so, it aims to contribute to their well-being and ensure they have access to affordable housing options. The organization's activities are centered around this mission, focusing on the development and operation of HUD 202 projects, which are specifically designed to cater to the housing needs of elderly individuals.
Who is the CEO of Peninsula Housing Development Inc Iii Saga Bay Apartments?
Guarione M Diaz is the Dir/President of Peninsula Housing Development Inc Iii Saga Bay Apartments.
What is the revenue of Peninsula Housing Development Inc Iii Saga Bay Apartments?
Peninsula Housing Development Inc Iii Saga Bay Apartments's revenue in 2022 was $3,952,352.
Who are the executives of Peninsula Housing Development Inc Iii Saga Bay Apartments and what are their salaries?
There 6 volunteers at Peninsula Housing Development Inc Iii Saga Bay Apartments.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $96,228
- Other: $17,791
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $167,974
- Other: $28,007
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Peninsula Housing Development Inc Iii Saga Bay Apartments?
Peninsula Housing Development Inc Iii Saga Bay Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peninsula Housing Development Inc Iii Saga Bay Apartments
Peninsula Housing Development Inc III, a nonprofit organization incorporated under Florida's laws, is committed to providing affordable housing facilities for elderly individuals. This organization, specifically for Saga Bay Apartments, serves as a beacon for the elderly, ensuring they have access to suitable living spaces. The mission of Peninsula Housing Development Inc III, as stated, is to develop, own, and operate a HUD 202 project, which is primarily focused on offering affordable housing solutions for the elderly population. The organization's primary objective is to make a significant impact on the lives of the elderly by providing them with a secure and affordable living environment.
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Impact
July, 2024
Peninsula Housing Development Inc III Saga Bay Apartments has a significant impact on the community by providing affordable housing facilities to elderly persons in Miami, Florida. This organization plays a crucial role in ensuring that seniors have access to safe and affordable housing, which is essential for their well-being and quality of life. By offering housing options tailored to the needs of the elderly population, Peninsula Housing Development Inc III Saga Bay Apartments contributes to enhancing the overall quality of life for seniors in the area. Additionally, by focusing on affordable housing, this organization helps address issues of housing insecurity and homelessness among the elderly, thereby promoting stability and security for this vulnerable population. Overall, Peninsula Housing Development Inc III Saga Bay Apartments makes a tangible and positive difference in the lives of elderly individuals by providing them with a supportive and affordable housing option.
This information is meant to be a general summary of Peninsula Housing Development Inc Iii Saga Bay 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: $3,223
- Program Service Revenue: $3,949,129
- Gross Receipts: $3,952,352
Assets and Liabilities:
- Total Assets: $11,540,205
- Total Liabilities: $15,622,476
- Net Assets: -$4,082,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$960,168
LAUNDRY REVENUE
Revenue
$19,444
MISCELLANEOUS
Revenue
$1,456
Organization Details
Founding Year
1985
Phone
(305) 642-3634Principal Officer
Guarione M Diaz
Main Address
1223 SW 4TH ST 2ND FLOOR, MIAMI, FL, 331352407
NTEE Category
Code: L210 - Housing
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