Peninsula Housing Development Inc X

Analysis

Peninsula Housing Development Inc X is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 1996, 30 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 June 2023, Peninsula Housing Development Inc X reported income of $682k and spending of $907k, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $537k to $682k (+27%), an average of +6.2% a year. Over the whole period it spent 134% 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 X sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Sacred Heart Retirement Community Inc ($682k), Odenton Senior Housing II Inc ($682k) and Santafe Senior Living Foundation Inc ($681k).

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 $96k. At year end it held assets of $3.3m against liabilities of $6.9m, net assets of -$3.6m.

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.