PENINSULA HOUSING DEVELOPMENT INC III SAGA BAY APARTMENTS (EIN 592529236) - 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

1985

Legal Domicile

Principal Officer

GUARIONE M DIAZ

Phone

3056423634

Tax Period

2024-01-01 to 2024-12-31

PENINSULA HOUSING DEVELOPMENT INC III SAGA BAY APARTMENTS, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $4.3M in total revenue in fiscal year 2024.

Mission

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.

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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 $3,149,734

Investment Income $8,830

Other Revenue $1,112,699

TOTAL REVENUE $4,271,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $444,328

Fundraising Expenses $0

Program Expenses $4,444,128

Other Expenses $4,144,246

TOTAL EXPENSES $4,588,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,271,263	$4,093,492	+0.0%
Expenses	$4,588,574	$4,311,807	+0.1%
Net Income	$-317,311	$-218,315	+0.5%

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

$249,431

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUARIONE M DIAZ	DIR/PRESIDENT	2.00	Officer	$0	$16,600	$112,533
SERGIO MASVIDAL	DIR/SECRETARY	2.00	Officer	$0	$0	$0
RAQUEL SWITZER	DIR/TREASURER	2.00	Officer	$0	$0	$0
GLADYS BARREIRO	DIRECTOR	2.00	Officer	$0	$0	$0
MARTA NAVARRO	DIRECTOR	2.00	Officer	$0	$16,877	$136,898
WILFREDO ALLEN	DIRECTOR	2.00	Officer	$0	$0	$0
NOEL CUBELA	DIRECTOR	2.00	Officer	$0	$0	$0
LUIS FERNANDEZ	DIRECTOR	2.00	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
2024	$4,271,263	$4,588,574	$10,268,632	$-317,311
2023	$4,093,492	$4,311,807	$10,637,498	$-218,315
2022	$3,952,352	$4,009,404	$11,540,205	$-57,052
2021	$3,883,731	$3,837,949	$12,244,675	$45,782
2020	$3,814,895	$3,514,223	$12,350,883	$300,672
2019	$3,757,788	$3,529,714	$12,669,465	$228,074
2018	$3,694,389	$3,433,141	$12,981,784	$261,248

PENINSULA HOUSING DEVELOPMENT INC III SAGA BAY APARTMENTS