philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Peninsula Housing Development INC III

Tax-deductible

Miami, FL501(c)(3)HousingEIN 59-2529236Revenue $4.3M in FY2024

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

This page gets seen. Tell your story. Claim this org.

Peninsula Housing Development, INC. III 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.

501(c)(3) charity; gifts are tax-deductible.
97¢ 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
2 of 5
filings with a surplus
Average deficit $49K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$14.8M
144% of total assets
Concern: liabilities are 144% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
+4% vs prior year
Spent
$4.6M
To programs
97%
Net assets
−$4.6M
By yearFY2020–FY2024
Revenue
$4.3M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$3.9M
FY2022$4.0M
FY2023$4.1M
FY2024$4.3M
Expenses
$4.6M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$3.8M
FY2022$4.0M
FY2023$4.3M
FY2024$4.6M
Net assets
−$4.6M
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020−$4.0M
FY2021−$4.0M
FY2022−$4.1M
FY2023−$4.3M
FY2024−$4.6M

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 Aug 1986.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $4.4M Management & general 3% · $144K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Guarione M Diaz
Dir/President
$0Pt VII · Sec A
Sergio Masvidal
Dir/Secretary
$0Pt VII · Sec A
Raquel Switzer
Dir/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Noel Cubela
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Peninsula Housing Development INC III executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 III

Tap to ask. Peninsula Housing Development INC III sees how many people are interested.

Your first name shows with your question. Peninsula Housing Development INC III answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $4.4M · in their own filed words · FY2024
01

Provide affordable housing facilities to the elderly persons.

$4.4Mprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.3M
Ln 12
Fees for servicesLn 2g$3.1M
Other incomeLn 4–11$1.1M
Investment incomeLn 3$9K
Money outPt IX
$4.6M
Ln 25
Programscol B$4.4M
Managementcol C$144K
Owns and owesPt X
−$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$10.3M
LiabilitiesLn 26$14.8M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$9K
Other incomeLn 4–11$1.1M
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.1M
Land, buildings, equipmentLn 10c$6.9M
Other assetsLn 15$576K
Total assetsLn 16$10.3M
LiabilitiesLn 26$14.8M
Net assetsLn 32−$4.6M
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$2.2M$2.1M
Land, buildings, equipmentLn 10c$7.3M$6.9M
Total assetsLn 16$10.6M$10.3M
LiabilitiesLn 26$14.9M$14.8M
Net assetsLn 32−$4.3M−$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$413K$413K
Payroll taxesLn 10$31K$31K
Management feesLn 11a$240K$120K$120K
Legal feesLn 11b$50$45$5
Accounting feesLn 11c$55K$50K$6K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$628K$628K
Depreciation, depletion and amortizationLn 22$1.1M$1.1M
InsuranceLn 23$1.2M$1.2M
Other expenses (24a–d)Ln 24$867K$849K$18K
All other expensesLn 24e$28K$27K$1K
Total functional expensesLn 25$4.6M$4.4M$144K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.3M$4.6M−$317K−$4.6M 990 PDF
FY2023 $4.1M$4.3M−$218K−$4.3M 990 PDF
FY2022 $4.0M$4.0M−$57K−$4.1M 990 PDF
FY2021 $3.9M$3.8M$46K−$4.0M 990 PDF
FY2020 $3.8M$3.5M$301K−$4.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $4,271,263 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,085,621$3,149,734
I-10 Investment incomePrior year $7,871$8,830
I-11 Other revenuePrior year $0$1,112,699
I-12 Total revenuePrior year $4,093,492$4,271,263
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 $440,446$444,328
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,871,361$4,144,246
I-18 Total expensesPrior year $4,311,807$4,588,574
I-19 Revenue less expensesPrior year −$218,315−$317,311
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
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 $4,271,263 across 4 lines filed
Lines not itemized here account for $3,125,753 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,981$23,981
VIII-3 Investment incomeUnrelated business $8,830$8,830
VIII-6 Net rental income or lossRelated to mission $1,112,699$1,112,699
VIII-12 Total revenueRelated to mission $4,262,433 · Unrelated business $8,830 · Excluded from tax $0$4,271,263
Part IX · Statement of functional expenses $4,588,574 across 11 lines filed
IX-7 Other salaries and wagesPrograms $413,052$413,052
IX-10 Payroll taxesPrograms $31,276$31,276
IX-11a Management feesPrograms $119,906 · Management $119,905$239,811
IX-11b Legal feesPrograms $45 · Management $5$50
IX-11c Accounting feesPrograms $49,933 · Management $5,548$55,481
IX-19 Conferences, conventions and meetingsPrograms $2,246$2,246
IX-20 InterestPrograms $627,769$627,769
IX-22 Depreciation, depletion and amortizationPrograms $1,137,735$1,137,735
IX-23 InsurancePrograms $1,185,663$1,185,663
IX-24 Other expenses (24a–d)Programs $849,314 · Management $17,862$867,176
IX-24e All other expensesPrograms $27,189 · Management $1,126$28,315
IX-25 Total functional expensesPrograms $4,444,128 · Management $144,446 · Fundraising $0$4,588,574
Part X · Balance sheet $10,268,632 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $12,273$29,688
X-2 Savings and temporary cash investmentsStart of year $2,227,370$2,068,129
X-4 Accounts receivableStart of year $1,175$1,175
X-9 Prepaid expenses and deferred chargesStart of year $731,637$721,215
X-10c Land, buildings and equipment, netStart of year $7,298,760$6,872,219
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $366,283$576,206
X-16 Total assetsStart of year $10,637,498$10,268,632
X-17 Accounts payable and accrued expensesStart of year $242,399$238,350
X-25 Other liabilitiesStart of year $596,417$868,269
X-26 Total liabilitiesStart of year $14,923,402$14,821,606
X-27 Net assets without donor restrictionsStart of year −$4,285,904−$4,552,974
X-32 Total net assets or fund balancesStart of year −$4,285,904−$4,552,974
X-33 Total liabilities and net assetsStart of year $10,637,498$10,268,632
Part XI · Reconciliation of net assets −$4,552,974 net assets at year end
XI-1 Total revenue$4,271,263
XI-2 Total expenses$4,588,574
XI-3 Revenue less expenses−$317,311
XI-4 Net assets at start of year−$4,285,904
XI-8 Prior period adjustments−$317
XI-9 Other changes in net assets$50,558
XI-10 Net assets at end of year−$4,552,974

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.