PENINSULA HOUSING DEVELOPMENT INC XI S SIERRA LAKES APARTMENTS

EIN: 650650918 501(c)(3) Housing & Shelter

MIAMI, FL

Total Revenue
$593,672
Total Expenses
$752,611
Total Assets
$2,402,424
Net Assets
$-3,313,997
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
FL
Principal Officer
MARTA NAVARRO
Phone
3056423634
Tax Period
2023-07-01 to 2024-06-30

PENINSULA HOUSING DEVELOPMENT INC XI S SIERRA LAKES APARTMENTS, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $594K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $753K exceeded revenue, resulting in a 27% operating deficit.

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 $592,094
Investment Income $1,578
Other Revenue $0
TOTAL REVENUE $593,672

Expense Breakdown

Grants Paid $0
Salaries & Benefits $130,057
Fundraising Expenses $0
Program Expenses $749,074
Other Expenses $622,554
TOTAL EXPENSES $752,611

Year-over-Year Comparison

2023 2022 Change
Revenue $593,672 $533,787 +0.1%
Expenses $752,611 $677,306 +0.1%
Net Income $-158,939 $-143,519 +0.1%
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

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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
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
$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
WILFREDO ALLEN DIRECTOR 2.00
Director
$0 $0 $0
NOEL CUBELA DIRECTOR 2.00
Director
$0 $0 $0
RAQUEL C SWITZER TREASURER 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
LUIS FERNANDEZ DIRECTOR 2.00
Director
$0 $0 $0
SERGIO MASVIDAL DIRECTOR/SECRETARY 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 $593,672 $752,611 $2,402,424 $-158,939
2023 $533,787 $677,306 $2,350,311 $-143,519
2022 $513,196 $653,575 $2,443,965 $-140,379
2021 $501,838 $615,658 $2,554,239 $-113,820
2020 $492,704 $577,275 $2,662,092 $-84,571
2019 $483,964 $577,911 $2,748,649 $-93,947
2018 $470,376 $811,568 $2,814,779 $-341,192
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