Peninsula Housing Development Inc Xvi

Analysis

Peninsula Housing Development Inc Xvi is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Peninsula Housing Development Inc Xvi reported income of $658k and spending of $862k, spending 131% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $566k to $658k (+16%), an average of +3.8% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Peninsula Housing Development Inc Xvi sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Long Beach Senior Citizen Housing Corporation ($658k), Restoration Destination Inc ($658k) and Millsboro Housing for Progress Inc ($658k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $86k. At year end it held assets of $5.8m against liabilities of $8.8m, net assets of -$3.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.