Peninsula Housing Development Inc VIII

Analysis

Peninsula Housing Development Inc VIII is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1995, 31 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 June 2023, Peninsula Housing Development Inc VIII reported income of $631k and spending of $820k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $604k to $631k (+4.5%), an average of +1.1% a year. Over the whole period it spent 127% 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 VIII sits at the 63rd percentile: it is larger than about 63% 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 Restoration Community Outreach ($631k), Family Promise of Waukesha County Inc ($631k) and Teton Non-Profit Housing Corp ($631k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $132k. At year end it held assets of $3.5m against liabilities of $7.5m, net assets of -$3.9m.

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.