Overview
What is Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments?
Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments is a nonprofit organization, incorporated under Florida state laws, with a primary mission to provide affordable housing facilities for elderly individuals. Specifically, they oversee a HUD 202 project, which involves developing, owning, and managing these residential facilities. Their location in Miami, Florida, is specified as 1223 SW 4th Street, 2nd Floor, with the ZIP code 33135-2407. The organization's activities revolve around creating housing solutions for the elderly population, ensuring they have access to affordable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments has received a solid score of 79%, indicating a commendable level of accountability and finance. The rating is entirely based on the Accountability & Finance beacon, which signifies that the organization has demonstrated effective management and transparency in its financial practices.
The organization has notable strengths, including a predominantly independent board, with 75% of its members meeting this criterion. It has also maintained strong audits and oversight with no material diversion of assets reported, along with a comprehensive conflict of interest and whistleblower policy. Additionally, 94.20% of its expenses are directed towards programs, reflecting a strong commitment to its mission.
However, a concern arises from the organization's liabilities to assets ratio, which stands at 205.68%. This high ratio suggests potential financial risk and may indicate that the organization has more liabilities than it can cover with its assets. This aspect could be a point of consideration for donors and stakeholders assessing the long-term financial stability of the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments legitimate?
Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Housing Development Inc Xiii Hunter Riverwalk 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: $131,768
For more financial information, click here
What is the mission statement of Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments?
The mission of Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments, as a nonprofit organization, is primarily focused on developing, owning, and operating affordable housing facilities. This mission specifically caters to the elderly population, ensuring they have access to suitable living spaces. By operating under the HUD 202 project, this organization aims to provide a vital service, making housing more affordable for this particular demographic.
Who is the CEO of Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments?
Guarione M Diaz is the Director/President of Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments.
What is the revenue of Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments?
Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments's revenue in 2022 was $621,407.
Who are the executives of Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments and what are their salaries?
There 6 volunteers at Peninsula Housing Development Inc Xiii Hunter Riverwalk 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: $165,792
- Other: $29,386
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments?
Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments
Peninsula Housing Development Inc. XIII, a Florida-incorporated nonprofit organization, is devoted to a noble cause. Their primary mission is to develop, own, and manage affordable housing facilities specifically catering to the elderly population. By providing such accommodations, this organization aims to contribute positively to the lives of the elderly, ensuring they have access to comfortable living spaces that fit their budgets. This endeavor by Peninsula Housing Development Inc. XIII is a testament to their commitment to social responsibility and community welfare.
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Impact
July, 2024
Peninsula Housing Development Inc Xiii Hunter Riverwalk Apartments impacts the community by providing affordable housing facilities to elderly persons in Miami, Florida. This allows seniors to have a safe and secure place to live, contributing to their overall well-being and quality of life. Additionally, by offering affordable housing options, the organization helps address the issue of housing affordability and accessibility for elderly individuals in the community.
This information is meant to be a general summary of Peninsula Housing Development Inc Xiii Hunter Riverwalk 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: $213
- Program Service Revenue: $616,069
- Gross Receipts: $621,407
Assets and Liabilities:
- Total Assets: $3,637,082
- Total Liabilities: $7,069,514
- Net Assets: -$3,432,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$611,256
LAUNDRY REVENUE
Revenue
$4,813
Organization Details
Founding Year
1996
Phone
(305) 642-1381Principal Officer
Guarione M Diaz
Main Address
1223 SW 4TH STREET 2ND FLOOR, MIAMI, FL, 331352407
NTEE Category
Code: L22 - Housing
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