Peninsula Housing Development INC Xvii: Nonprofit Profile, Financials & Form 990 (EIN 11-3672728)

Revenue by fiscal year
FY2021	$486K
FY2022	$607K
FY2023	$529K
FY2024	$644K
FY2025	$724K

Expenses by fiscal year
FY2021	$774K
FY2022	$848K
FY2023	$850K
FY2024	$965K
FY2025	$1.1M

Net assets by fiscal year
FY2021	−$3.5M
FY2022	−$3.7M
FY2023	−$4.0M
FY2024	−$4.4M
FY2025	−$4.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $1.1M Management & general 0% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Guarione Diaz

Dir/President

$0Pt VII · Sec A

Sergio Masvidal

Dir/Secretary

$0Pt VII · Sec A

Raquel Switzer

Dir/Treasurer

$0Pt VII · Sec A

Wilfredo Allen

Director

$0Pt VII · Sec A

Gladys Barreiro

Director

$0Pt VII · Sec A

Marta Navarro

Director

$0Pt VII · Sec A

Noel Cubela

Director

$0Pt VII · Sec A

Luis Fernandez

Director

$0Pt VII · Sec A

See Peninsula Housing Development INC Xvii executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing facilities for elderly persons.

Questions for Peninsula Housing Development INC Xvii

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2024

01

Provide affordable housing facilities to the elderly persons.

$1.1Mprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$724K

Ln 12

Fees for servicesLn 2g$468K

Other incomeLn 4–11$256K

Investment incomeLn 3$516

Money outPt IX

$1.1M

Ln 25

Programscol B$1.1M

Managementcol C$3K

Owns and owesPt X

−$4.7M

net assets · Ln 32

Cash and savingsLn 1–2$115K

Total assetsLn 16$8.5M

LiabilitiesLn 26$13.2M

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$468K

Investment incomeLn 3$516

Other incomeLn 4–11$256K

Total revenueLn 12$724K

Assets in detailPt X, end of year

CashLn 1$4K

SavingsLn 2$111K

Cash and savings togetherLn 1–2$115K

Land, buildings, equipmentLn 10c$8.4M

Other assetsLn 15$26K

Total assetsLn 16$8.5M

LiabilitiesLn 26$13.2M

Net assetsLn 32−$4.7M

OperationsPt I, VI

EmployeesI 50

VolunteersI 66

Fiscal year endsHeaderMarch

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$116K	$115K
Land, buildings, equipmentLn 10c	$8.7M	$8.4M
Total assetsLn 16	$8.9M	$8.5M
LiabilitiesLn 26	$13.2M	$13.2M
Net assetsLn 32	−$4.4M	−$4.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$102K	$102K
Other employee benefitsLn 9	$27K	$27K
Payroll taxesLn 10	$8K	$8K
Management feesLn 11a	$109K	$109K
Accounting feesLn 11c	$15K	$13K	$1K
Advertising and promotionLn 12	$798	$798
Office expensesLn 13	$11K	$10K	$1K
Conferences, conventions and meetingsLn 19	$104	$104
Depreciation, depletion and amortizationLn 22	$339K	$339K
InsuranceLn 23	$212K	$212K
Other expenses (24a–d)Ln 24	$228K	$228K
All other expensesLn 24e	$9K	$8K	$878
Total functional expensesLn 25	$1.1M	$1.1M	$3K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$724K	$1.1M	−$335K	−$4.7M	990 PDF
FY2024	$644K	$965K	−$320K	−$4.4M	990 PDF
FY2023	$529K	$850K	−$322K	−$4.0M	990 PDF
FY2022	$607K	$848K	−$242K	−$3.7M	990 PDF
FY2021	$486K	$774K	−$288K	−$3.5M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $724,347 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $638,600$467,993

I-10 Investment incomePrior year $323$516

I-11 Other revenuePrior year $5,408$255,838

I-12 Total revenuePrior year $644,331$724,347

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $130,420$136,389

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $834,305$922,928

I-18 Total expensesPrior year $964,725$1,059,317

I-19 Revenue less expensesPrior year −$320,394−$334,970

Part VI · Governance 6 of 8 board members independent, 1 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members6

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $724,347 across 4 lines filed

Lines not itemized here account for $462,103 of total revenue; see the IRS return.

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,890$5,890

VIII-3 Investment incomeExcluded from tax $516$516

VIII-6 Net rental income or lossRelated to mission $255,838$255,838

VIII-12 Total revenueRelated to mission $723,831 · Unrelated business $0 · Excluded from tax $516$724,347

Part IX · Statement of functional expenses $1,059,317 across 12 lines filed

IX-7 Other salaries and wagesPrograms $102,058$102,058

IX-9 Other employee benefitsPrograms $26,510$26,510

IX-10 Payroll taxesPrograms $7,821$7,821

IX-11a Management feesPrograms $108,575$108,575

IX-11c Accounting feesPrograms $13,100 · Management $1,455$14,555

IX-12 Advertising and promotionPrograms $798$798

IX-13 Office expensesPrograms $9,680 · Management $1,076$10,756

IX-19 Conferences, conventions and meetingsPrograms $104$104

IX-22 Depreciation, depletion and amortizationPrograms $339,353$339,353

IX-23 InsurancePrograms $212,282$212,282

IX-24 Other expenses (24a–d)Programs $227,718$227,718

IX-24e All other expensesPrograms $7,909 · Management $878$8,787

IX-25 Total functional expensesPrograms $1,055,908 · Management $3,409 · Fundraising $0$1,059,317

Part X · Balance sheet $8,545,100 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $2,060$4,208

X-2 Savings and temporary cash investmentsStart of year $113,916$110,706

X-9 Prepaid expenses and deferred chargesStart of year $34,262$36,715

X-10c Land, buildings and equipment, netStart of year $8,682,406$8,367,927

X-15 Other assetsStart of year $25,007$25,544

X-16 Total assetsStart of year $8,857,651$8,545,100

X-17 Accounts payable and accrued expensesStart of year $38,855$34,577

X-18 Grants payableStart of year $261,340$261,340

X-25 Other liabilitiesStart of year $257,888$284,182

X-26 Total liabilitiesStart of year $13,220,796$13,242,812

X-27 Net assets without donor restrictionsStart of year −$4,363,145−$4,697,712

X-32 Total net assets or fund balancesStart of year −$4,363,145−$4,697,712

X-33 Total liabilities and net assetsStart of year $8,857,651$8,545,100

Part XI · Reconciliation of net assets −$4,697,712 net assets at year end

XI-1 Total revenue$724,347

XI-2 Total expenses$1,059,317

XI-3 Revenue less expenses−$334,970

XI-4 Net assets at start of year−$4,363,145

XI-9 Other changes in net assets$403

XI-10 Net assets at end of year−$4,697,712

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Peninsula Housing Development INC Xvii

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Peninsula Housing Development INC Xvii

By the numbers

Filing history

Schedules filed Part IV