PENINSULA HOUSING DEVELOPMENT XVII D/B/A LA PALMA APARTMENTS (EIN 113672728) - 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

2003

Legal Domicile

Principal Officer

GUARIONE DIAZ

Phone

3056423634

Tax Period

2024-04-01 to 2025-03-31

PENINSULA HOUSING DEVELOPMENT XVII D/B/A LA PALMA APARTMENTS, founded in 2003, is a small nonprofit in the Human Services sector that reported $724K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 46% operating deficit.

Mission

PENINSULA HOUSING DEVELOPMENT, INC. XVII 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $467,993

Investment Income $516

Other Revenue $255,838

TOTAL REVENUE $724,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,389

Fundraising Expenses $0

Program Expenses $1,055,908

Other Expenses $922,928

TOTAL EXPENSES $1,059,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$724,347	$644,331	+0.1%
Expenses	$1,059,317	$964,725	+0.1%
Net Income	$-334,970	$-320,394	+0.0%

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

$248,353

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUARIONE DIAZ	DIR/PRESIDENT	2.00	Officer	$0	$16,596	$112,863
SERGIO MASVIDAL	DIR/SECRETARY	1.00	Officer	$0	$0	$0
RAQUEL SWITZER	DIR/TREASURER	1.00	Officer	$0	$0	$0
WILFREDO ALLEN	DIRECTOR	1.00	Officer	$0	$0	$0
GLADYS BARREIRO	DIRECTOR	1.00	Officer	$0	$0	$0
MARTA NAVARRO	DIRECTOR	1.00	Officer	$0	$16,823	$135,490
NOEL CUBELA	DIRECTOR	1.00	Officer	$0	$0	$0
LUIS FERNANDEZ	DIRECTOR	1.00	Officer	$0	$0	$0

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
2025	$724,347	$1,059,317	$8,545,100	$-334,970
2024	$644,331	$964,725	$8,857,651	$-320,394
2023	$528,755	$850,272	$9,159,910	$-321,517
2022	$606,522	$848,451	$9,462,082	$-241,929
2021	$486,405	$773,943	$9,805,873	$-287,538
2020	$466,342	$779,642	$10,048,853	$-313,300
2019	$461,097	$739,776	$10,328,928	$-278,679

PENINSULA HOUSING DEVELOPMENT XVII D/B/A LA PALMA APARTMENTS