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Peninsula Housing Development INC II

Tax-deductible

Miami, FL501(c)(3)HousingEIN 59-2398243Revenue $1.7M in FY2024

On file with the IRS1223 Sw 4th Street 2nd Floor, 33135-2407 · Miami, FLTax-exempt since May 1986Publicly supported — 509(a)(2)

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Peninsula Housing Development INC II 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. The st. Agustin villas consists of one building containing 100 apartments located in miami, FL.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $213K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.8M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+28% vs prior year
Spent
$1.2M
To programs
95%
Net assets
$318K
By yearFY2020–FY2024
Revenue
$1.7M
FY2024▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.2M
FY2023$1.3M
FY2024$1.7M
Expenses
$1.2M
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$1.2M
Net assets
$318K
FY2024▲ +271%
Tap a bar for its year
Net assets by fiscal year
FY2020−$705K
FY2021−$551K
FY2022−$375K
FY2023−$186K
FY2024$318K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1986.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.1M Management & general 5% · $58K

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
Guarione M Diaz
President/Director
$0Pt VII · Sec A
Raquel C Switzer
Treasurer/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Sergio Masvidal
Director/Secretary
$0Pt VII · Sec A
Noel Cubela
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Peninsula Housing Development INC II 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 the elderly.

Questions for Peninsula Housing Development INC II

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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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$1K
Investment incomeLn 3$138
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$58K
Owns and owesPt X
$318K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.8M
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$1.7M
Investment incomeLn 3$138
Other incomeLn 4–11$1K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$117K
Cash and savings togetherLn 1–2$119K
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$28K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.8M
Net assetsLn 32$318K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$150K$119K
Land, buildings, equipmentLn 10c$2.0M$1.8M
Total assetsLn 16$2.4M$2.1M
LiabilitiesLn 26$2.5M$1.8M
Net assetsLn 32−$186K$318K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$92K$92K
Pension plan contributionsLn 8$17K$17K
Payroll taxesLn 10$7K$7K
Management feesLn 11a$84K$42K$42K
Accounting feesLn 11c$15K$13K$1K
Office expensesLn 13$12K$11K$1K
Conferences, conventions and meetingsLn 19$871$871
InterestLn 20$136K$136K
Depreciation, depletion and amortizationLn 22$248K$248K
InsuranceLn 23$259K$259K
Other expenses (24a–d)Ln 24$291K$278K$13K
All other expensesLn 24e$7K$7K$747
Total functional expensesLn 25$1.2M$1.1M$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.7M$1.2M$513K$318K 990 PDF
FY2023 $1.3M$1.1M$196K−$186K 990 PDF
FY2022 $1.2M$1.1M$119K−$375K 990 PDF
FY2021 $1.2M$1.1M$93K−$551K 990 PDF
FY2020 $1.1M$1.0M$143K−$705K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,683,791 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,313,482$1,682,602
I-10 Investment incomePrior year $153$138
I-11 Other revenuePrior year $130$1,051
I-12 Total revenuePrior year $1,313,765$1,683,791
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 $104,598$116,609
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,013,090$1,053,865
I-18 Total expensesPrior year $1,117,688$1,170,474
I-19 Revenue less expensesPrior year $196,077$513,317
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 $1,683,791 across 4 lines filed
Lines not itemized here account for $1,382,399 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $300,203$300,203
VIII-3 Investment incomeExcluded from tax $138$138
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,051$1,051
VIII-12 Total revenueRelated to mission $1,683,653 · Unrelated business $0 · Excluded from tax $138$1,683,791
Part IX · Statement of functional expenses $1,170,474 across 12 lines filed
IX-7 Other salaries and wagesPrograms $92,164$92,164
IX-8 Pension plan contributionsPrograms $17,374$17,374
IX-10 Payroll taxesPrograms $7,071$7,071
IX-11a Management feesPrograms $42,065 · Management $42,065$84,130
IX-11c Accounting feesPrograms $13,414 · Management $1,490$14,904
IX-13 Office expensesPrograms $10,565 · Management $1,174$11,739
IX-19 Conferences, conventions and meetingsPrograms $871$871
IX-20 InterestPrograms $136,317$136,317
IX-22 Depreciation, depletion and amortizationPrograms $248,445$248,445
IX-23 InsurancePrograms $258,993$258,993
IX-24 Other expenses (24a–d)Programs $278,073 · Management $12,923$290,996
IX-24e All other expensesPrograms $6,723 · Management $747$7,470
IX-25 Total functional expensesPrograms $1,112,075 · Management $58,399 · Fundraising $0$1,170,474
Part X · Balance sheet $2,148,750 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,421$2,405
X-2 Savings and temporary cash investmentsStart of year $148,054$116,708
X-9 Prepaid expenses and deferred chargesStart of year $181,510$197,144
X-10c Land, buildings and equipment, netStart of year $1,993,496$1,804,164
X-15 Other assetsStart of year $27,635$28,329
X-16 Total assetsStart of year $2,353,116$2,148,750
X-17 Accounts payable and accrued expensesStart of year $170,436$201,804
X-25 Other liabilitiesStart of year $722,501$306,124
X-26 Total liabilitiesStart of year $2,539,586$1,830,722
X-27 Net assets without donor restrictionsStart of year −$186,470$318,028
X-32 Total net assets or fund balancesStart of year −$186,470$318,028
X-33 Total liabilities and net assetsStart of year $2,353,116$2,148,750
Part XI · Reconciliation of net assets $318,028 net assets at year end
XI-1 Total revenue$1,683,791
XI-2 Total expenses$1,170,474
XI-3 Revenue less expenses$513,317
XI-4 Net assets at start of year−$186,470
XI-8 Prior period adjustments$8
XI-9 Other changes in net assets−$8,827
XI-10 Net assets at end of year$318,028

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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