PENINSULA HOUSING DEVELOPMENT INC VII TWIN LAKES APARTMENTS

EIN: 650491787 501(c)(3) Housing & Shelter

MIAMI, FL

Total Revenue
$726,559
Total Expenses
$892,474
Total Assets
$2,196,384
Net Assets
$-3,685,636
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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
1994
Legal Domicile
FL
Principal Officer
MARTA NAVARRO
Phone
3056423634
Tax Period
2024-07-01 to 2025-06-30

PENINSULA HOUSING DEVELOPMENT INC VII TWIN LAKES APARTMENTS, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $727K in total revenue in fiscal year 2024. Expenses of $892K exceeded revenue, resulting in a 23% operating deficit.

Mission

PENINSULA HOUSING DEVELOPMENT, INC. VII 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 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $725,912
Investment Income $647
Other Revenue $0
TOTAL REVENUE $726,559

Expense Breakdown

Grants Paid $0
Salaries & Benefits $120,250
Fundraising Expenses $0
Program Expenses $889,496
Other Expenses $772,224
TOTAL EXPENSES $892,474

Year-over-Year Comparison

2024 2023 Change
Revenue $726,559 $692,773 +0.0%
Expenses $892,474 $850,813 +0.0%
Net Income $-165,915 $-158,040 +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

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Governance

Voting Members
8
Independent Members
6
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
8
$248,289
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GUARIONE DIAZ PRESIDENT 2.00
Director
$0 $14,950 $111,955
SERGIO MASVIDAL SECRETARY 2.00
Director
$0 $0 $0
GLADYS BARREIRO DIRECTOR 2.00
Director
$0 $0 $0
MARTA NAVARRO DIRECTOR 2.00
Director
$0 $16,859 $136,334
RAQUEL C SWITZER TREASURER 2.00
Director
$0 $0 $0
WILFREDO ALLEN DIRECTOR 2.00
Director
$0 $0 $0
NOEL CUBELA DIRECTOR 2.00
Director
$0 $0 $0
LUIS FERNANDEZ DIRECTOR 2.00
Director
$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 $726,559 $892,474 $2,196,384 $-165,915
2024 $692,773 $850,813 $2,272,562 $-158,040
2023 $628,992 $769,400 $2,391,604 $-140,408
2022 $582,542 $797,117 $2,479,550 $-214,575
2021 $554,999 $715,063 $2,594,880 $-160,064
2020 $540,634 $692,178 $2,734,805 $-151,544
2019 $536,239 $651,816 $2,911,712 $-115,577
2018 $526,825 $663,300 $3,040,144 $-136,475
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