Overview
What is Peninsula Housing Development Inc Xii Amarylis Pond Apartments?
Peninsula Housing Development Inc Xii Amarylis Pond Apartments is a nonprofit organization, established under the laws of Florida, primarily dedicated to providing affordable housing facilities for elderly individuals. Situated at 1223 SW 4th Street, Miami, Florida, this organization operates under the HUD 202 project. Their mission is to develop, own, and manage housing complexes that cater to 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 Xii Amarylis Pond Apartments has received a Three-Star rating from Charity Navigator, signifying a solid performance in accountability and finance. The rating highlights a strong score of 79%, which is derived solely from the Accountability & Finance beacon. This reflects the organization’s commitment to maintaining transparency and responsible financial practices.
The nonprofit demonstrates strength in several key areas, including a 94.23% program expense ratio, indicating that the vast majority of its expenditures are directed toward its mission-related programs. Additionally, the organization has an independent board with 75% of its members being independent, and it has implemented robust policies regarding conflicts of interest, whistleblower protections, and document retention.
However, the overall score is solely based on the Accountability & Finance aspect, which means there may be limited insights into other operational dimensions such as program effectiveness or community impact. Despite this, the absence of any material asset diversion and a fully compliant audit and oversight committee underline the organization's financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Peninsula Housing Development Inc Xii Amarylis Pond Apartments legitimate?
Peninsula Housing Development Inc Xii Amarylis Pond Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Housing Development Inc Xii Amarylis Pond 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: $79,108
For more financial information, click here
What is the mission statement of Peninsula Housing Development Inc Xii Amarylis Pond Apartments?
The mission of Peninsula Housing Development Inc Xii Amarylis Pond Apartments, as a non-profit organization, is primarily focused on providing affordable housing facilities. Incorporated under Florida's state laws, their purpose involves developing, owning, and managing a HUD 202 project specifically designed for the elderly population. This mission is centered around ensuring elderly individuals have access to affordable housing, providing them with a suitable living environment.
Who is the CEO of Peninsula Housing Development Inc Xii Amarylis Pond Apartments?
Guarione M Diaz is the Director/President of Peninsula Housing Development Inc Xii Amarylis Pond Apartments.
What is the revenue of Peninsula Housing Development Inc Xii Amarylis Pond Apartments?
Peninsula Housing Development Inc Xii Amarylis Pond Apartments's revenue in 2022 was $516,237.
Who are the executives of Peninsula Housing Development Inc Xii Amarylis Pond Apartments and what are their salaries?
There 6 volunteers at Peninsula Housing Development Inc Xii Amarylis Pond 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 Xii Amarylis Pond Apartments?
Peninsula Housing Development Inc Xii Amarylis Pond Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peninsula Housing Development Inc Xii Amarylis Pond Apartments
Peninsula Housing Development Inc XII is a nonprofit organization established under Florida's laws, dedicated to the development, ownership, and operation of affordable housing facilities. The primary mission of this organization, as reflected in its activities and description, is to provide affordable housing for elderly individuals. By doing so, Peninsula Housing Development Inc XII contributes to the well-being of this vulnerable population, offering them a secure and affordable living environment.
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Impact
July, 2024
Peninsula Housing Development Inc Xii Amarylis Pond Apartments provides much-needed affordable housing facilities to elderly persons in Miami, Florida. This has a direct impact on the community by addressing the housing needs of a vulnerable demographic. By offering a safe and affordable place to live, this organization helps improve the quality of life for elderly individuals who may otherwise struggle to find suitable accommodation. Their work contributes to enhancing the overall well-being and stability of the elderly population in the area.
This information is meant to be a general summary of Peninsula Housing Development Inc Xii Amarylis Pond 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: $283
- Program Service Revenue: $515,190
- Gross Receipts: $516,237
Assets and Liabilities:
- Total Assets: $3,181,013
- Total Liabilities: $6,802,871
- Net Assets: -$3,621,858
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$509,169
LAUNDRY
Revenue
$6,021
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: L80 - Housing
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