Peninsula Housing Development Inc Ix
Nonprofit profile at a glance
- EIN
- 650650912
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-N 2009
- Location
- Miami, FL, USA
- Phone
- 3056423634
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $622,914
- Expenses
- $887,630
- Assets
- $8,532,255
- Liabilities
- $10,926,851
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- GUARIONE M DIAZ (PRESIDENT)
Highest reported compensation
- MARTA NAVARRO (DIRECTOR): $135,490 total reported compensation
- GUARIONE M DIAZ (PRESIDENT): $112,863 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Peninsula housing development, inc. Ix is a nonprofit organization incorporated under the laws and statutes of the state of Florida for the purpose of developing, owning and operating a hud 202 project which provides affordable housing facilities to the elderly persons.
What it reported doing in 2024
Provide affordable housing facilities to the elderly persons.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 84
- Accountability: 76
- Sustainability: 36
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.7%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -42.5%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 9.61; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 1.28; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 3.8%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 3.2% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 3.6% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: -2.5% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.7% of spending went to programs
- Governance: 6 of 8 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $885K in reported program spending
- Leadership: top reported pay $135K · 8 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: 16 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 4/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.