Peninsula Housing Development Inc Xiv

Analysis

Peninsula Housing Development Inc Xiv is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 1999, 27 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 September 2023, Peninsula Housing Development Inc Xiv reported income of $687k and spending of $869k, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $570k to $687k (+21%), an average of +4.8% a year. Over the whole period it spent 128% 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 Xiv sits at the 65th percentile: it is larger than about 65% 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 Jonah Affordable Housing Organization ($687k), California Community Builders Inc ($687k) and Ahepa 245 Inc ($687k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $82k. At year end it held assets of $4.0m against liabilities of $7.5m, net assets of -$3.5m.

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.