Peninsula Housing Development Inc Xviii

Analysis

Peninsula Housing Development Inc Xviii is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Peninsula Housing Development Inc Xviii reported income of $318k and spending of $519k, spending 163% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $272k to $318k (+17%), an average of +5.3% a year. Over the whole period it spent 166% 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 Xviii sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Spotsylvania United Methodist Housing Corporation ($318k), RVM Yreka Housing Corporation ($318k) and Golden Acres Inc ($318k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $39k. At year end it held assets of $6.7m against liabilities of $7.3m, net assets of -$578k.

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.