PENINSULA HOUSING DEVELOPMENT INC VIII BLUE LAGOON APARTMENTS (EIN 650564217) - 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

1995

Legal Domicile

Principal Officer

GUARIONE M DIAZ

Phone

3056423634

Tax Period

2022-07-01 to 2023-06-30

PENINSULA HOUSING DEVELOPMENT INC VIII BLUE LAGOON APARTMENTS, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $631K in total revenue in fiscal year 2022. Expenses of $820K exceeded revenue, resulting in a 30% operating deficit.

Mission

PENINSULA HOUSING DEVELOPMENT INC VIII 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $630,283

Investment Income $517

Other Revenue $0

TOTAL REVENUE $630,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,716

Fundraising Expenses $0

Program Expenses $814,955

Other Expenses $654,999

TOTAL EXPENSES $819,715

Year-over-Year Comparison

	2022	2021	Change
Revenue	$630,800	$600,566	+0.1%
Expenses	$819,715	$824,034	0.0%
Net Income	$-188,915	$-223,468	-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

Total Directors

$318,941

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUARIONE DIAZ	PRESIDENT	2.00	Director	$0	$16,498	$116,523
RAQUEL C SWITZER	TREASURER	2.00	Director	$0	$0	$0
MARTA NAVARRO	DIRECTOR	2.00	Director	$0	$27,659	$202,418
SERGIO MASVIDAL	DIRECTOR	2.00	Director	$0	$0	$0
NOEL CUBELA	DIRECTOR	2.00	Director	$0	$0	$0
GLADYS BARREIRO	DIRECTOR	2.00	Director	$0	$0	$0
WILFREDO ALLEN	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$630,800	$819,715	$3,534,633	$-188,915
2022	$600,566	$824,034	$3,618,608	$-223,468
2021	$602,827	$761,902	$3,791,982	$-159,075
2020	$603,307	$718,955	$3,884,476	$-115,648
2019	$603,669	$734,803	$4,045,035	$-131,134
2018	$610,546	$748,848	$4,215,425	$-138,302

PENINSULA HOUSING DEVELOPMENT INC VIII BLUE LAGOON APARTMENTS