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Peninsula Housing Development INC Xviii FY2021 filing

Tax-deductible

Miami, FL501(c)(3)Housing EIN 45-5347697Revenue $273K in FY2021Latest return filed Jan 13, 2026

On file with the IRS1223 Sw 4 Street 2nd Floor, 33135-2407 · Miami, FLTax-exempt since Dec 2015Publicly supported — 509(a)(2)

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Peninsula Housing Development, INC. Xviii 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 to provide elderly and handicapped persons with Housing facilities.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $190K a year · 58% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.2M
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$273K
Spent
$463K
To programs
99%
Net assets
−$165K
By yearFY2021–FY2025
Revenue
$273K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$273K
FY2022$287K
FY2023$318K
FY2024$337K
FY2025$410K
Expenses
$463K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$463K
FY2022$499K
FY2023$519K
FY2024$541K
FY2025$550K
Net assets
−$165K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$165K
FY2022−$377K
FY2023−$578K
FY2024−$782K
FY2025−$922K

From the FY2021 Form 990 (year ending March 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Dec 2015.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $461K Management & general 1% · $2K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Guarione M Diaz
President/Director
$0Pt VII · Sec A
Sergio Masvidal
Secretary/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Raquel C Switzer
Treasurer/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Noel Cubela
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Peninsula Housing Development INC Xviii 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 housing facilities for elderly and handicapped persons.

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Provided by the organization

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1 program · $461K · in their own filed words · FY2020
01

Provide affordable housing facilities to the elderly persons.

$461Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$273K
Ln 12
Fees for servicesLn 2g$269K
Other incomeLn 4–11$4K
Investment incomeLn 3$99
Money outPt IX
$463K
Ln 25
Programscol B$461K
Managementcol C$2K
Owns and owesPt X
−$165K
net assets · Ln 32
Cash and savingsLn 1–2$194K
Total assetsLn 16$7.0M
LiabilitiesLn 26$7.2M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$269K
Investment incomeLn 3$99
Other incomeLn 4–11$4K
Total revenueLn 12$273K
Assets in detailPt X, end of year
CashLn 1$60K
SavingsLn 2$133K
Cash and savings togetherLn 1–2$194K
Land, buildings, equipmentLn 10c$6.8M
Other assetsLn 15$15K
Total assetsLn 16$7.0M
LiabilitiesLn 26$7.2M
Net assetsLn 32−$165K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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
LineStart FY21End FY21
Cash and savingsLn 1–2$181K$194K
Land, buildings, equipmentLn 10c$7.0M$6.8M
Total assetsLn 16$7.2M$7.0M
LiabilitiesLn 26$7.2M$7.2M
Net assetsLn 32$25K−$165K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$27K$27K
Other employee benefitsLn 9$9K$9K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$35K$35K
Accounting feesLn 11c$10K$9K$1K
Office expensesLn 13$12K$10K$1K
Depreciation, depletion and amortizationLn 22$181K$181K
InsuranceLn 23$41K$41K
Other expenses (24a–d)Ln 24$139K$139K
All other expensesLn 24e$6K$6K$301
Total functional expensesLn 25$463K$461K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 13, 2026 $410K$550K−$140K−$922K 990 PDF
FY2024Filed with the IRS Feb 3, 2025 $337K$541K−$204K−$782K 990 PDF
FY2023Filed with the IRS Feb 15, 2024 $318K$519K−$201K−$578K 990 PDF
FY2022Filed with the IRS Feb 2, 2023 $287K$499K−$212K−$377K 990 PDF
FY2021 ViewingFiled with the IRS Jan 27, 2022 $273K$463K−$190K−$165K 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 FY2021 990 (6 parts)
Part I · Summary $273,197 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $267,422$269,293
I-10 Investment incomePrior year $138$99
I-11 Other revenuePrior year $4,929$3,805
I-12 Total revenuePrior year $272,489$273,197
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 $55,401$38,890
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $378,391$424,594
I-18 Total expensesPrior year $433,792$463,484
I-19 Revenue less expensesPrior year −$161,303−$190,287
Part VI · Governance 7 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
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 $273,197 across 4 lines filed
Lines not itemized here account for $140,388 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $128,905$128,905
VIII-3 Investment incomeExcluded from tax $99$99
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,805$3,805
VIII-12 Total revenueRelated to mission $273,098 · Unrelated business $0 · Excluded from tax $99$273,197
Part IX · Statement of functional expenses $463,484 across 10 lines filed
IX-7 Other salaries and wagesPrograms $27,094$27,094
IX-9 Other employee benefitsPrograms $8,701$8,701
IX-10 Payroll taxesPrograms $3,095$3,095
IX-11a Management feesPrograms $35,491$35,491
IX-11c Accounting feesPrograms $9,261 · Management $1,029$10,290
IX-13 Office expensesPrograms $10,366 · Management $1,152$11,518
IX-22 Depreciation, depletion and amortizationPrograms $181,442$181,442
IX-23 InsurancePrograms $40,752$40,752
IX-24 Other expenses (24a–d)Programs $139,030$139,030
IX-24e All other expensesPrograms $5,770 · Management $301$6,071
IX-25 Total functional expensesPrograms $461,002 · Management $2,482 · Fundraising $0$463,484
Part X · Balance sheet $7,046,195 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $61,325$60,480
X-2 Savings and temporary cash investmentsStart of year $120,005$133,467
X-9 Prepaid expenses and deferred chargesStart of year $16,188$18,531
X-10c Land, buildings and equipment, netStart of year $6,985,285$6,819,139
X-15 Other assetsStart of year $14,169$14,578
X-16 Total assetsStart of year $7,196,972$7,046,195
X-17 Accounts payable and accrued expensesStart of year $42,690$51,293
X-25 Other liabilitiesStart of year $7,128,912$7,159,819
X-26 Total liabilitiesStart of year $7,171,602$7,211,112
X-27 Net assets without donor restrictionsStart of year $25,370−$164,917
X-32 Total net assets or fund balancesStart of year $25,370−$164,917
X-33 Total liabilities and net assetsStart of year $7,196,972$7,046,195
Part XI · Reconciliation of net assets −$164,917 net assets at year end
XI-1 Total revenue$273,197
XI-2 Total expenses$463,484
XI-3 Revenue less expenses−$190,287
XI-4 Net assets at start of year$25,370
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$164,917

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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