Peninsula Housing Development Inc III

Analysis

Peninsula Housing Development Inc III is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1986, 40 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 December 2023, Peninsula Housing Development Inc III reported income of $4.1m and spending of $4.3m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $4.1m (+8.9%), an average of +2.2% a year. Over the whole period it spent 98% 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 III sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Community Neighborhood Housing Services Inc ($4.1m), Urban Renaissance Partners Inc ($4.1m) and Mercy Housing Southwest ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $410k. At year end it held assets of $10.6m against liabilities of $14.9m, net assets of -$4.3m.