Peninsula Housing Development Inc XV

Analysis

Peninsula Housing Development Inc XV 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 XV reported income of $858k and spending of $827k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $562k to $858k (+53%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 41%. Over the whole period it spent 120% 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 XV sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Hub II Housing Development Fund Co Inc ($858k), Mountain Opportunities Corporation ($859k) and Donald Jordan Sr Manor Inc ($858k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 81% of the total. Other salaries and wages came to $85k. At year end it held assets of $4.5m against liabilities of $7.6m, net assets of -$3.2m.