Peninsula Housing Development Inc Xvii
Peninsula Housing Development Inc Xvii consistently operates at a deficit with declining assets and high liabilities.
EIN: 113672728 · Miami, FL · NTEE: P75 · Updated: 2026-03-28
Is Peninsula Housing Development Inc Xvii 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 Xvii directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peninsula Housing Development Inc Xvii
Peninsula Housing Development Inc Xvii (EIN: 113672728) is a nonprofit organization based in Miami, FL, classified under NTEE code P75. The organization reported total revenue of $724K and total assets of $8.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peninsula Housing Development Inc Xvii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peninsula Housing Development Inc Xvii is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $529K |
| Total Expenses | $850K |
| Surplus / Deficit | $-321,517 |
| Total Assets | $9.2M |
| Total Liabilities | $13.2M |
| Net Assets | $-4,043,154 |
| Operating Margin | -60.8% |
| Debt-to-Asset Ratio | 144.1% |
| Months of Reserves | 129.3 months |
Financial Health Grade: C
In 2023, Peninsula Housing Development Inc Xvii reported a deficit of $322K with expenses exceeding revenue, holds 129.3 months of operating reserves (strong position), has a debt-to-asset ratio of 144.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Peninsula Housing Development Inc Xvii's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.8% | +0.2% | -3.2% |
| 2022 | +24.7% | +9.6% | -3.5% |
| 2021 | +4.3% | -0.7% | -2.4% |
| 2020 | +1.1% | +5.4% | -2.7% |
| 2019 | -30.4% | -2.5% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Xvii with a Mission Score of 60 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Peninsula Housing Development Inc Xvii allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $322K, with expenses exceeding revenue.
- Debt-to-asset ratio: 144.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is minimal and not reported in this specific category on the 990, which is a positive indicator for resource allocation to its mission.
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 Xvii's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in all reported periods, e.g., $850,272 expenses vs. $528,755 revenue in 2023).
- Declining asset base over time (from $11.7M in 2014 to $9.1M in 2023).
- Liabilities consistently exceed assets, indicating a high debt-to-asset ratio (e.g., $13.2M liabilities vs. $9.1M assets in 2023).
Strengths
The following positive indicators were identified for Peninsula Housing Development Inc Xvii:
- No reported officer compensation, suggesting efficient use of funds for mission-related activities.
- Maintains significant assets, despite a declining trend, providing a base for operations ($9.1M in 2023).
- Consistent filing history (13 filings) indicates transparency and compliance with IRS regulations.
Frequently Asked Questions about Peninsula Housing Development Inc Xvii
Is Peninsula Housing Development Inc Xvii a legitimate charity?
Based on AI analysis of IRS 990 filings, Peninsula Housing Development Inc Xvii (EIN: 113672728) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Peninsula Housing Development Inc Xvii spend its money?
Peninsula Housing Development Inc Xvii directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peninsula Housing Development Inc Xvii tax-deductible?
Peninsula Housing Development Inc Xvii is registered as a tax-exempt nonprofit (EIN: 113672728). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Peninsula Housing Development Inc Xvii a good charity?
While the organization has a clear mission (implied by its name and NTEE code P75 - Housing Development, Construction & Management), its consistent operational deficits and declining asset base raise concerns about long-term financial sustainability. The lack of reported officer compensation is a positive, but a deeper dive into expense allocation is needed to fully assess its effectiveness.
Why does Peninsula Housing Development Inc Xvii consistently have expenses exceeding revenue?
The provided data shows that in every reported period, expenses have been higher than revenue (e.g., 2023: $850,272 expenses vs. $528,755 revenue). This suggests the organization may be drawing down on its assets, relying on non-operating income, or has a business model that anticipates these deficits, potentially covered by specific grants or loans not reflected in annual revenue.
What is the trend of Peninsula Housing Development Inc Xvii's assets and liabilities?
The organization's assets have been steadily declining from $11,719,790 in 2014 to $9,159,910 in 2023. Concurrently, liabilities have remained consistently high, often exceeding assets, indicating a significant debt burden (e.g., 2023: $9,159,910 assets vs. $13,203,064 liabilities).
How does the lack of officer compensation impact the organization's financial health?
The consistent reporting of 0% officer compensation means that funds are not being allocated to executive salaries, which can free up resources for program services. This is generally a positive sign for a nonprofit, indicating a strong commitment to mission over administrative overhead, assuming effective leadership is still in place.
Filing History
IRS 990 filing history for Peninsula Housing Development Inc Xvii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Peninsula Housing Development Inc Xvii's revenue has grown by 54.9%, moving from $341K to $529K. Total assets decreased by 26.7% over the same period, from $12.5M to $9.2M. Total functional expenses rose by 24.9%, from $681K to $850K. In its most recent filing year (2023), Peninsula Housing Development Inc Xvii reported a deficit of $322K, with expenses exceeding revenue. The organization holds $13.2M in liabilities against $9.2M in assets (debt-to-asset ratio: 144.1%), resulting in net assets of $-4,043,154.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $529K | $850K | $9.2M | $13.2M | — | View 990 |
| 2022 | $607K | $848K | $9.5M | $13.2M | — | View 990 |
| 2021 | $486K | $774K | $9.8M | $13.3M | — | View 990 |
| 2020 | $466K | $780K | $10.0M | $13.2M | — | View 990 |
| 2019 | $461K | $740K | $10.3M | $13.2M | — | View 990 |
| 2018 | $663K | $759K | $10.6M | $13.2M | — | View 990 |
| 2017 | $464K | $731K | $10.9M | $13.4M | — | View 990 |
| 2016 | $435K | $772K | $11.1M | $13.4M | — | View 990 |
| 2015 | $405K | $724K | $11.5M | $13.4M | — | View 990 |
| 2014 | $456K | $753K | $11.7M | $13.3M | — | View 990 |
| 2013 | $338K | $671K | $12.0M | $13.3M | — | View 990 |
| 2012 | $338K | $652K | $12.3M | $13.2M | — | View 990 |
| 2011 | $341K | $681K | $12.5M | $13.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $529K, expenses of $850K, and assets of $9.2M (revenue -12.8% year-over-year).
- 2022: Revenue of $607K, expenses of $848K, and assets of $9.5M (revenue +24.7% year-over-year).
- 2021: Revenue of $486K, expenses of $774K, and assets of $9.8M (revenue +4.3% year-over-year).
- 2020: Revenue of $466K, expenses of $780K, and assets of $10.0M (revenue +1.1% year-over-year).
- 2019: Revenue of $461K, expenses of $740K, and assets of $10.3M (revenue -30.4% year-over-year).
- 2018: Revenue of $663K, expenses of $759K, and assets of $10.6M (revenue +42.9% year-over-year).
- 2017: Revenue of $464K, expenses of $731K, and assets of $10.9M (revenue +6.6% year-over-year).
- 2016: Revenue of $435K, expenses of $772K, and assets of $11.1M (revenue +7.3% year-over-year).
- 2015: Revenue of $405K, expenses of $724K, and assets of $11.5M (revenue -11.2% year-over-year).
- 2014: Revenue of $456K, expenses of $753K, and assets of $11.7M (revenue +34.9% year-over-year).
- 2013: Revenue of $338K, expenses of $671K, and assets of $12.0M (revenue -0.1% year-over-year).
- 2012: Revenue of $338K, expenses of $652K, and assets of $12.3M (revenue -0.8% year-over-year).
- 2011: Revenue of $341K, expenses of $681K, and assets of $12.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peninsula Housing Development Inc Xvii:
Data Sources and Methodology
This transparency report for Peninsula Housing Development Inc Xvii 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.