Overview
What is Peninsula Housing Development Inc Xiv Victoria Residential Apartments?
Peninsula Housing Development Inc Xiv Victoria Residential Apartments is a nonprofit organization, established under Florida's laws, with a primary mission to provide affordable housing facilities for elderly individuals. The organization, located at 1223 SW 4th St, Miami, Florida, operates under the HUD 202 project. Their purpose is to develop, own, and manage these housing facilities, ensuring they remain accessible and affordable for the elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Peninsula Housing Development Inc Xiv Victoria Residential Apartments has earned a commendable Three-Star rating due to its strong performance in accountability and finance, which constitutes the entire score. The organization demonstrates solid governance with 75% of its board members being independent and effectively adheres to policies concerning financial oversight, conflict of interest, and whistleblower protections. The program expense ratio is notably high at 93.74%, indicating that a significant portion of its resources is directed toward its mission-related activities.
While the organization showcases robust financial management and transparency, the rating primarily reflects its scores in accountability and finance alone. There are no reported issues concerning asset diversion, which strengthens its financial integrity. However, stakeholders might seek additional information on program impact and effectiveness to gain a fuller picture of the nonprofit's overall performance and contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Peninsula Housing Development Inc Xiv Victoria Residential Apartments legitimate?
Peninsula Housing Development Inc Xiv Victoria Residential Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Housing Development Inc Xiv Victoria Residential 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: $85,004
For more financial information, click here
What is the mission statement of Peninsula Housing Development Inc Xiv Victoria Residential Apartments?
Peninsula Housing Development Inc. XIV, as a nonprofit organization, is established with the primary mission of developing, owning, and operating affordable housing facilities. Specifically, their focus is on providing accommodation for elderly individuals, ensuring that they have access to affordable housing options. This mission is carried out through the operation of a HUD 202 project, which is designed to cater to the elderly population. The organization's main goal is to make affordable housing a reality for this demographic, thereby enhancing their quality of life.
Who is the CEO of Peninsula Housing Development Inc Xiv Victoria Residential Apartments?
Guarione M Diaz is the Director/President of Peninsula Housing Development Inc Xiv Victoria Residential Apartments.
What is the revenue of Peninsula Housing Development Inc Xiv Victoria Residential Apartments?
Peninsula Housing Development Inc Xiv Victoria Residential Apartments's revenue in 2022 was $622,292.
Who are the executives of Peninsula Housing Development Inc Xiv Victoria Residential Apartments and what are their salaries?
There 6 volunteers at Peninsula Housing Development Inc Xiv Victoria Residential 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: $29,387
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Peninsula Housing Development Inc Xiv Victoria Residential Apartments?
Peninsula Housing Development Inc Xiv Victoria Residential Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peninsula Housing Development Inc Xiv Victoria Residential Apartments
Peninsula Housing Development Inc Xiv Victoria Residential Apartments is a nonprofit organization established under Florida's laws and statutes, with a primary mission to develop, own, and operate affordable housing facilities. This organization is dedicated to serving the elderly population, providing them with suitable living spaces. The mission of Peninsula Housing Development Inc Xiv Victoria Residential Apartments is to ensure that the elderly have access to affordable housing, thereby enhancing their quality of life. By offering such facilities, the organization contributes to the overall well-being of the elderly community, enabling them to live with dignity and independence.
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Impact
July, 2024
Peninsula Housing Development Inc Xiv Victoria Residential Apartments has a significant impact in providing affordable housing facilities to elderly persons in Miami, Florida. Through its HUD 202 project, it addresses the crucial need for housing for the elderly population who may have limited resources. By offering affordable housing options, the organization contributes to enhancing the quality of life for elderly individuals, ensuring they have a safe and secure place to call home. This impact helps to promote stability, independence, and community support for this vulnerable group, ultimately contributing to the overall well-being of the elderly population in the area.
This information is meant to be a general summary of Peninsula Housing Development Inc Xiv Victoria Residential 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: $285
- Program Service Revenue: $622,007
- Gross Receipts: $622,292
Assets and Liabilities:
- Total Assets: $4,087,009
- Total Liabilities: $7,364,597
- Net Assets: -$3,277,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$615,697
LAUNDRY REVENUE
Revenue
$6,310
Organization Details
Founding Year
1999
Phone
(305) 642-3634Principal Officer
Guarione M Diaz
Main Address
1223 SW 4TH ST 2ND FLOOR, MIAMI, FL, 331352407
NTEE Category
Code: L21 - Housing
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