Peninsula Housing Development Inc XI

Analysis

Peninsula Housing Development Inc XI is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 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 (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 XI reported income of $534k and spending of $677k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $484k to $534k (+10%), an average of +2.5% a year. Over the whole period it spent 123% 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 XI sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Goler Place Inc ($534k), Rio Hondo Community Development Corporation ($534k) and Sabala International Center ($534k).

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 $91k. At year end it held assets of $2.4m against liabilities of $5.5m, net assets of -$3.2m.

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.