PENINSULA HOUSING DEVELOPMENT INC XVI ROYAL PALM APARTMENTS (EIN 020588063) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

GUARIONE DIAZ

Phone

3056423634

Tax Period

2023-10-01 to 2024-09-30

PENINSULA HOUSING DEVELOPMENT INC XVI ROYAL PALM APARTMENTS, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $769K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $922K exceeded revenue, resulting in a 20% operating deficit.

Mission

PENINSULA HOUSING DEVELOPMENT INC XVI 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,080

Investment Income $59

Other Revenue $762,294

TOTAL REVENUE $769,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,259

Fundraising Expenses $0

Program Expenses $861,236

Other Expenses $799,092

TOTAL EXPENSES $922,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$769,433	$657,671	+0.2%
Expenses	$922,351	$861,505	+0.1%
Net Income	$-152,918	$-203,834	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$265,850

Total Directors

$265,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUARIONE DIAZ	DIRECTOR/PRESIDENT	2.00	Officer Director	$0	$16,592	$112,669
SERGIO MASVIDAL	DIRECTOR/SECRETARY	2.00	Officer Director	$0	$0	$0
RAQUEL C SWITZER	DIRECTOR/TREASURER	2.00	Officer Director	$0	$0	$0
WILFREDO ALLEN	DIRECTOR	2.00	Officer Director	$0	$0	$0
GLADYS BARREIRO	DIRECTOR	2.00	Officer Director	$0	$0	$0
NOEL CUBELA	DIRECTOR	2.00	Officer Director	$0	$0	$0
LUIS FERNANDEZ	DIRECTOR	2.00	Officer Director	$0	$0	$0
MARTA NAVARRO	DIRECTOR	2.00	Officer Director	$0	$19,646	$153,181

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$769,433	$922,351	$5,661,089	$-152,918
2023	$657,671	$861,505	$5,785,516	$-203,834
2022	$633,040	$859,372	$6,016,671	$-226,332
2021	$625,195	$809,000	$6,197,082	$-183,805
2020	$604,536	$766,953	$6,452,325	$-162,417
2019	$566,171	$810,882	$6,623,682	$-244,711
2018	$563,913	$718,937	$6,807,453	$-155,024

PENINSULA HOUSING DEVELOPMENT INC XVI ROYAL PALM APARTMENTS