PENINSULA HOUSING DEVELOPMENT INC XIII HUNTER RIVERWALK APARTMENTS (EIN 650720436) - 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

1996

Legal Domicile

Principal Officer

GUARIONE M DIAZ

Phone

3056421381

Tax Period

2023-10-01 to 2024-09-30

PENINSULA HOUSING DEVELOPMENT INC XIII HUNTER RIVERWALK APARTMENTS, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $695K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $905K exceeded revenue, resulting in a 30% operating deficit.

Mission

PENINSULA HOUSING DEVELOPMENT, INC. XIII IS A NONPROFIT ORGANIZATION INCORPORATED UNDER THE LAWS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,638

Investment Income $1,036

Other Revenue $687,086

TOTAL REVENUE $694,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,114

Fundraising Expenses $0

Program Expenses $849,924

Other Expenses $725,881

TOTAL EXPENSES $904,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$694,760	$778,449	-0.1%
Expenses	$904,995	$984,340	-0.1%
Net Income	$-210,235	$-205,891	+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

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

$265,850

Total Directors

$265,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUARIONE DIAZ	DIRECTOR/PRESIDENT	2.00	Officer Director	$0	$16,592	$112,669
SERGIO MASVIDAL	DIRECTOR/SECRETARY	2.00	Officer Director	$0	$0	$0
WILFREDO ALLEN	DIRECTOR	2.00	Officer Director	$0	$0	$0
GLADYS BARREIRO	DIRECTOR	2.00	Officer Director	$0	$0	$0
RAQUEL C SWITZER	DIRECTOR/TREASURER	2.00	Officer Director	$0	$0	$0
MARTA NAVARRO	DIRECTOR	2.00	Officer Director	$0	$19,646	$153,181
NOEL CUBELA	DIRECTOR	2.00	Officer Director	$0	$0	$0
LUIS FERNANDEZ	DIRECTOR	2.00	Officer 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
2024	$694,760	$904,995	$3,299,269	$-210,235
2023	$778,449	$984,340	$3,436,850	$-205,891
2022	$621,407	$817,380	$3,637,082	$-195,973
2021	$600,777	$785,361	$3,745,503	$-184,584
2020	$595,992	$730,391	$3,964,265	$-134,399
2019	$596,929	$736,375	$4,053,641	$-139,446
2018	$588,061	$750,384	$4,220,227	$-162,323

PENINSULA HOUSING DEVELOPMENT INC XIII HUNTER RIVERWALK APARTMENTS