PENINSULA HOUSING DEVELOPMENT INC X CUTLER BAY APARTMENTS

EIN: 650650914 501(c)(3) Housing & Shelter

MIAMI, FL

Total Revenue
$957,400
Total Expenses
$1,045,433
Total Assets
$3,138,384
Net Assets
$-3,710,534
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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
1996
Legal Domicile
FL
Principal Officer
MARTA NAVARRO
Phone
3056421381
Tax Period
2023-07-01 to 2024-06-30

PENINSULA HOUSING DEVELOPMENT INC X CUTLER BAY APARTMENTS, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $957K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $955,002
Investment Income $2,398
Other Revenue $0
TOTAL REVENUE $957,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $130,212
Fundraising Expenses $0
Program Expenses $1,042,234
Other Expenses $915,221
TOTAL EXPENSES $1,045,433

Year-over-Year Comparison

2023 2022 Change
Revenue $957,400 $682,252 +0.4%
Expenses $1,045,433 $907,070 +0.2%
Net Income $-88,033 $-224,818 -0.6%
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
6
Independent Members
6
Employees
N/A
Volunteers
6

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
$280,564
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 $16,581 $112,781
SERGIO MASVIDAL SECRETARY 2.00
Director
$0 $0 $0
WILFREDO ALLEN DIRECTOR 2.00
Director
$0 $0 $0
RAQUEL C SWITZER TREASURY 2.00
Director
$0 $0 $0
MARTA NAVARRO DIRECTOR 2.00
Director
$0 $24,595 $167,783
GLADYS BARREIRO 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 No data No data No data No data
2024 $957,400 $1,045,433 $3,138,384 $-88,033
2023 $682,252 $907,070 $3,251,892 $-224,818
2022 $619,214 $875,944 $3,458,448 $-256,730
2021 $585,111 $777,202 $3,631,326 $-192,091
2020 $549,283 $701,918 $3,748,173 $-152,635
2019 $537,222 $716,101 $3,898,878 $-178,879
2018 $536,920 $703,336 $4,080,865 $-166,416
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