Overview
What is Peninsula Housing Development Inc Xv Vista Alegre Apartments?
Peninsula Housing Development Inc Xv Vista Alegre Apartments is a nonprofit organization, incorporated under Florida state laws, situated in Miami, Florida. Their primary mission is to provide affordable housing facilities for elderly individuals. Specifically, they operate a HUD 202 project, which is a nonprofit organization dedicated to developing, owning, and managing affordable housing units for the elderly. The project aims to ensure that elderly individuals have access to affordable housing options, which is a crucial aspect of their well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Peninsula Housing Development Inc Xv Vista Alegre Apartments has achieved a respectable 79% score, reflecting a solid commitment to accountability and financial management. The organization boasts a strong independent board, with 75% of its members being independent, and has fully met the criteria for its audit and oversight committee, conflict of interest policy, and whistleblower policy. Additionally, it demonstrates a high program expense ratio of 95.10%, indicating that a significant portion of its funds is directed towards its programs.
However, the organization faces a significant concern with a liabilities to assets ratio of 170.99%, which suggests potential financial instability. While their governance and management practices are commendable, this high ratio may pose risks to their sustainability and ability to meet future obligations. Overall, while Peninsula Housing Development Inc showcases strong governance and program efficiency, stakeholders should keep an eye on its financial health for long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Peninsula Housing Development Inc Xv Vista Alegre Apartments legitimate?
Peninsula Housing Development Inc Xv Vista Alegre Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Housing Development Inc Xv Vista Alegre 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: $81,862
For more financial information, click here
What is the mission statement of Peninsula Housing Development Inc Xv Vista Alegre Apartments?
Peninsula Housing Development Inc, specifically their XV Vista Alegre Apartments, is a non-profit organization established under Florida's laws with the primary goal of developing, owning, and operating affordable housing facilities. Their mission, in essence, is to cater to the housing needs of elderly individuals by providing them with affordable living spaces. This mission aligns with the organization's activities, which are centered around the development and operation of a HUD 202 project, designed to offer affordable housing facilities.
Who is the CEO of Peninsula Housing Development Inc Xv Vista Alegre Apartments?
Guarione Diaz is the Director/President of Peninsula Housing Development Inc Xv Vista Alegre Apartments.
What is the revenue of Peninsula Housing Development Inc Xv Vista Alegre Apartments?
Peninsula Housing Development Inc Xv Vista Alegre Apartments's revenue in 2022 was $610,146.
Who are the executives of Peninsula Housing Development Inc Xv Vista Alegre Apartments and what are their salaries?
There 6 volunteers at Peninsula Housing Development Inc Xv Vista Alegre 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 Xv Vista Alegre Apartments?
Peninsula Housing Development Inc Xv Vista Alegre Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peninsula Housing Development Inc Xv Vista Alegre Apartments
Peninsula Housing Development Inc Xv Vista Alegre Apartments is a non-profit organization, established under the laws and statutes of Florida, with a primary mission. This mission revolves around developing, owning, and operating affordable housing facilities. The organization's primary focus is on catering to the needs of the elderly population, offering them a place to call home. By providing these housing facilities, Peninsula Housing Development Inc Xv Vista Alegre Apartments aims to contribute to the well-being of this specific demographic, ensuring they have access to comfortable and affordable living spaces.
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Impact
July, 2024
Peninsula Housing Development Inc Xv Vista Alegre Apartments provides vital affordable housing facilities to elderly persons in Miami, Florida. By offering a safe and secure living environment for seniors, this organization positively impacts the lives of elderly individuals who may struggle to find affordable housing options. Through their mission to provide affordable housing, Peninsula Housing Development Inc Xv Vista Alegre Apartments enhances the quality of life for the elderly in the community, ensuring they have a place to call home that meets their specific needs.
This information is meant to be a general summary of Peninsula Housing Development Inc Xv Vista Alegre 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: $295
- Program Service Revenue: $609,851
- Gross Receipts: $610,146
Assets and Liabilities:
- Total Assets: $4,618,260
- Total Liabilities: $7,816,914
- Net Assets: -$3,198,654
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$569,529
ANTENNA LEASE
Revenue
$33,022
LAUNDRY REVENUE
Revenue
$7,300
Organization Details
Founding Year
1999
Phone
(305) 642-3634Principal Officer
Guarione Diaz
Main Address
1223 SW 4TH STREET 2ND FLOOR, MIAMI, FL, 33135
NTEE Category
Code: L21 - Housing
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