Peninsula Housing Development Inc Xvi
Peninsula Housing Development Inc Xvi consistently operates at a deficit with declining assets and high liabilities.
EIN: 20588063 · Miami, FL · NTEE: L21 · Updated: 2026-03-28
Is Peninsula Housing Development Inc Xvi Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peninsula Housing Development Inc Xvi directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peninsula Housing Development Inc Xvi
Peninsula Housing Development Inc Xvi (EIN: 20588063) is a nonprofit organization based in Miami, FL, classified under NTEE code L21. The organization reported total revenue of $769K and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peninsula Housing Development Inc Xvi's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peninsula Housing Development Inc Xvi is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $658K |
| Total Expenses | $862K |
| Surplus / Deficit | $-203,834 |
| Total Assets | $5.8M |
| Total Liabilities | $8.8M |
| Net Assets | $-3,043,423 |
| Operating Margin | -31.0% |
| Debt-to-Asset Ratio | 152.6% |
| Months of Reserves | 80.6 months |
Financial Health Grade: C
In 2023, Peninsula Housing Development Inc Xvi reported a deficit of $204K with expenses exceeding revenue, holds 80.6 months of operating reserves (strong position), has a debt-to-asset ratio of 152.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Peninsula Housing Development Inc Xvi's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +0.2% | -3.8% |
| 2022 | +1.3% | +6.2% | -2.9% |
| 2021 | +3.4% | +5.5% | -4.0% |
| 2020 | +6.8% | -5.4% | -2.6% |
| 2019 | +0.4% | +12.8% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Peninsula Housing Development Inc Xvi with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Peninsula Housing Development Inc Xvi allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $204K, with expenses exceeding revenue.
- Debt-to-asset ratio: 152.6%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, which is unusual for an organization of this size and could indicate a volunteer-led executive team or that compensation is categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Peninsula Housing Development Inc Xvi's IRS 990 filings:
- Consistent operating deficits (expenses exceed revenue in all reported periods)
- High liabilities significantly exceeding assets (e.g., $8.8M liabilities vs. $5.7M assets in 2023)
- Steady decline in total assets over the past decade (from $7.5M in 2014 to $5.7M in 2023)
- Lack of reported officer compensation, which could obscure executive remuneration if it's categorized elsewhere.
Strengths
The following positive indicators were identified for Peninsula Housing Development Inc Xvi:
- Consistent revenue generation, albeit less than expenses.
- Substantial asset base, despite recent declines, indicating significant prior investment.
- No reported officer compensation, potentially indicating a highly dedicated, volunteer-driven leadership or efficient use of funds for mission.
- Long filing history (13 filings) suggests established operations and compliance.
Frequently Asked Questions about Peninsula Housing Development Inc Xvi
Is Peninsula Housing Development Inc Xvi a legitimate charity?
Based on AI analysis of IRS 990 filings, Peninsula Housing Development Inc Xvi (EIN: 20588063) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does Peninsula Housing Development Inc Xvi spend its money?
Peninsula Housing Development Inc Xvi directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peninsula Housing Development Inc Xvi tax-deductible?
Peninsula Housing Development Inc Xvi is registered as a tax-exempt nonprofit (EIN: 20588063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Peninsula Housing Development Inc Xvi cover its consistent operating deficits?
The organization consistently reports expenses exceeding revenue, for example, by over $200,000 in 2023. This suggests it relies on drawing down assets or other non-revenue funding to cover operational costs.
What is the nature of the high liabilities reported by the organization?
With liabilities consistently around $8.8 million, significantly exceeding assets, understanding the composition of these liabilities (e.g., mortgages, bonds, program-related investments) is crucial for assessing financial risk.
Why has the organization's asset base been steadily declining over the past decade?
Assets have decreased from $7,547,018 in 2014 to $5,785,516 in 2023. This trend, coupled with operating deficits, raises concerns about long-term financial stability and asset management.
Is the absence of officer compensation indicative of a volunteer-run executive team?
The 990 filings consistently show 0% officer compensation. This could mean the executive leadership is entirely volunteer-based, or compensation is reported under other expense lines, which would affect transparency.
Filing History
IRS 990 filing history for Peninsula Housing Development Inc Xvi showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Peninsula Housing Development Inc Xvi's revenue has grown by 49.8%, moving from $439K to $658K. Total assets decreased by 28.3% over the same period, from $8.1M to $5.8M. Total functional expenses rose by 35.6%, from $635K to $862K. In its most recent filing year (2023), Peninsula Housing Development Inc Xvi reported a deficit of $204K, with expenses exceeding revenue. The organization holds $8.8M in liabilities against $5.8M in assets (debt-to-asset ratio: 152.6%), resulting in net assets of $-3,043,423.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $658K | $862K | $5.8M | $8.8M | — | — |
| 2022 | $633K | $859K | $6.0M | $8.9M | — | — |
| 2021 | $625K | $809K | $6.2M | $8.8M | — | View 990 |
| 2020 | $605K | $767K | $6.5M | $8.9M | — | — |
| 2019 | $566K | $811K | $6.6M | $8.9M | — | View 990 |
| 2018 | $564K | $719K | $6.8M | $8.8M | — | View 990 |
| 2017 | $565K | $735K | $7.0M | $8.8M | — | View 990 |
| 2016 | $557K | $733K | $7.2M | $8.9M | — | View 990 |
| 2015 | $551K | $697K | $7.4M | $8.9M | — | View 990 |
| 2014 | $616K | $701K | $7.5M | $8.9M | — | View 990 |
| 2013 | $486K | $698K | $7.7M | $8.9M | — | View 990 |
| 2012 | $486K | $677K | $7.9M | $8.9M | — | View 990 |
| 2011 | $439K | $635K | $8.1M | $8.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $658K, expenses of $862K, and assets of $5.8M (revenue +3.9% year-over-year).
- 2022: Revenue of $633K, expenses of $859K, and assets of $6.0M (revenue +1.3% year-over-year).
- 2021: Revenue of $625K, expenses of $809K, and assets of $6.2M (revenue +3.4% year-over-year).
- 2020: Revenue of $605K, expenses of $767K, and assets of $6.5M (revenue +6.8% year-over-year).
- 2019: Revenue of $566K, expenses of $811K, and assets of $6.6M (revenue +0.4% year-over-year).
- 2018: Revenue of $564K, expenses of $719K, and assets of $6.8M (revenue -0.2% year-over-year).
- 2017: Revenue of $565K, expenses of $735K, and assets of $7.0M (revenue +1.4% year-over-year).
- 2016: Revenue of $557K, expenses of $733K, and assets of $7.2M (revenue +1.1% year-over-year).
- 2015: Revenue of $551K, expenses of $697K, and assets of $7.4M (revenue -10.6% year-over-year).
- 2014: Revenue of $616K, expenses of $701K, and assets of $7.5M (revenue +26.8% year-over-year).
- 2013: Revenue of $486K, expenses of $698K, and assets of $7.7M (revenue -0.1% year-over-year).
- 2012: Revenue of $486K, expenses of $677K, and assets of $7.9M (revenue +10.7% year-over-year).
- 2011: Revenue of $439K, expenses of $635K, and assets of $8.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peninsula Housing Development Inc Xvi:
Data Sources and Methodology
This transparency report for Peninsula Housing Development Inc Xvi is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.