Overview
What is Peninsula Housing Development Inc Vii Twin Lakes Apartments?
Peninsula Housing Development Inc Vii Twin Lakes Apartments is a nonprofit organization, incorporated under Florida's laws, dedicated to providing affordable housing facilities for the elderly population. Based in Miami, Florida, the organization operates under the HUD 202 project, developing, owning, and managing housing facilities specifically designed for the elderly. Their mission is to ensure that elderly individuals have access to affordable housing, contributing positively to their well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (64%)
Peninsula Housing Development Inc Vii Twin Lakes Apartments has received a two-star rating, indicating a need for improvement in several areas despite some strong points. The organization has achieved a perfect score in Accountability & Finance, highlighting a commitment to financial integrity with a majority of independent board members and effective governance policies.
However, the nonprofit's performance is marred by a lack of financial transparency, as indicated by the absence of financial statements, which significantly impacted its overall score. The organization also faces challenges reflected in its liabilities to assets ratio, revealing potential financial strain. Although its program expense ratio is impressive at 99.50%, the reliance on limited financial data raises concerns about sustainability and operational efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Peninsula Housing Development Inc Vii Twin Lakes Apartments legitimate?
Peninsula Housing Development Inc Vii Twin Lakes Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Housing Development Inc Vii Twin Lakes 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: $70,045
For more financial information, click here
What is the mission statement of Peninsula Housing Development Inc Vii Twin Lakes Apartments?
Peninsula Housing Development Inc Vii Twin Lakes Apartments, as a nonprofit organization, is established to provide affordable housing facilities for elderly individuals. Their primary mission is to develop, own, and operate a housing project funded by the U.S. Department of Housing and Urban Development (HUD). This project aims to cater to the elderly population, offering them a place to reside. The organization's goal is to ensure that elderly individuals have access to affordable housing, providing them with a comfortable living environment.
Who is the CEO of Peninsula Housing Development Inc Vii Twin Lakes Apartments?
Guarione M Diaz is the President of Peninsula Housing Development Inc Vii Twin Lakes Apartments.
What is the revenue of Peninsula Housing Development Inc Vii Twin Lakes Apartments?
Peninsula Housing Development Inc Vii Twin Lakes Apartments's revenue in 2022 was $582,542.
Who are the executives of Peninsula Housing Development Inc Vii Twin Lakes Apartments and what are their salaries?
There 6 volunteers at Peninsula Housing Development Inc Vii Twin Lakes Apartments.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $93,784
- Other: $16,083
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $163,610
- Other: $26,632
- Compensation: $0
- Related: $0
- Other: $0
- 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 Vii Twin Lakes Apartments?
Peninsula Housing Development Inc Vii Twin Lakes Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peninsula Housing Development Inc Vii Twin Lakes Apartments
Peninsula Housing Development Inc Vii Twin Lakes Apartments, a nonprofit organization based in Florida, is dedicated to a noble mission. Their primary objective is to offer affordable housing facilities for elderly individuals. Established under the laws and statutes of Florida, this organization has incorporated with the purpose of developing, owning, and managing a HUD 202 project. This project is designed specifically to cater to the housing needs of the elderly population, providing them with a secure and affordable living environment. The mission of Peninsula Housing Development Inc Vii Twin Lakes Apartments is to ensure that the elderly community has access to decent, affordable housing, thereby enhancing their quality of life.
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Impact
July, 2024
Peninsula Housing Development Inc Vii Twin Lakes Apartments has a significant impact on the community by providing affordable housing facilities for elderly persons in Miami, Florida. This initiative helps meet the housing needs of the elderly population, ensuring they have safe and comfortable living arrangements. By offering subsidized housing, Peninsula Housing Development Inc Vii Twin Lakes Apartments contributes to creating a more inclusive and supportive environment for seniors in the area. This can lead to improved quality of life, social well-being, and overall stability for elderly individuals who may be financially constrained. Additionally, the organization's focus on affordable housing aligns with broader efforts to address housing insecurity among vulnerable populations, making a positive impact on the community as a whole.
This information is meant to be a general summary of Peninsula Housing Development Inc Vii Twin Lakes 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: $137
- Program Service Revenue: $582,405
- Gross Receipts: $582,542
Assets and Liabilities:
- Total Assets: $2,479,550
- Total Liabilities: $5,757,379
- Net Assets: -$3,277,829
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$235,295
LAUNDRY AND VENDING
Revenue
$4,710
MISCELLANEOUS
Revenue
$203
Organization Details
Founding Year
1994
Phone
(305) 642-3634Principal Officer
Guarione M Diaz
Main Address
1223 SW 4 STREET 2ND FLOOR, MIAMI, FL, 331352407
NTEE Category
Code: L20 - Housing
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