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Peninsula Housing Development Inc Iii Saga Bay Apartments

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 592529236 ✦ Miami, FL ✦ Designated as a 501(c)(3)

Overview

What is Peninsula Housing Development Inc Iii Saga Bay Apartments?

Peninsula Housing Development Inc III, specifically its Saga Bay Apartments project, is a nonprofit organization incorporated in Florida. Their primary mission is to provide affordable housing facilities for elderly individuals. Established under Florida's laws and statutes, the organization develops, owns, and manages a HUD 202 project, which is dedicated to offering appropriate living spaces for the elderly community. Their goal is to ensure that these individuals have access to affordable and comfortable housing options.


Is Peninsula Housing Development Inc Iii Saga Bay Apartments legitimate?

Peninsula Housing Development Inc Iii Saga Bay Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Housing Development Inc Iii Saga Bay Apartments submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $390,347

For more financial information, click here


What is the mission statement of Peninsula Housing Development Inc Iii Saga Bay Apartments?
Who is the CEO of Peninsula Housing Development Inc Iii Saga Bay Apartments?
What is the revenue of Peninsula Housing Development Inc Iii Saga Bay Apartments?
Who are the executives of Peninsula Housing Development Inc Iii Saga Bay Apartments and what are their salaries?
Where can I find the form 990 for Peninsula Housing Development Inc Iii Saga Bay Apartments?

Mission Statement of Peninsula Housing Development Inc Iii Saga Bay Apartments

Peninsula Housing Development Inc III, a nonprofit organization incorporated under Florida's laws, is committed to providing affordable housing facilities for elderly individuals. This organization, specifically for Saga Bay Apartments, serves as a beacon for the elderly, ensuring they have access to suitable living spaces. The mission of Peninsula Housing Development Inc III, as stated, is to develop, own, and operate a HUD 202 project, which is primarily focused on offering affordable housing solutions for the elderly population. The organization's primary objective is to make a significant impact on the lives of the elderly by providing them with a secure and affordable living environment.

Impact

This information is meant to be a general summary of Peninsula Housing Development Inc Iii Saga Bay Apartments. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Peninsula Housing Development Inc III Saga Bay Apartments has a significant impact on the community by providing affordable housing facilities to elderly persons in Miami, Florida. This organization plays a crucial role in ensuring that seniors have access to safe and affordable housing, which is essential for their well-being and quality of life. By offering housing options tailored to the needs of the elderly population, Peninsula Housing Development Inc III Saga Bay Apartments contributes to enhancing the overall quality of life for seniors in the area. Additionally, by focusing on affordable housing, this organization helps address issues of housing insecurity and homelessness among the elderly, thereby promoting stability and security for this vulnerable population. Overall, Peninsula Housing Development Inc III Saga Bay Apartments makes a tangible and positive difference in the lives of elderly individuals by providing them with a supportive and affordable housing option.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,223
  • Program Service Revenue: $3,949,129
  • Gross Receipts: $3,952,352

    • Assets and Liabilities:
  • Total Assets: $11,540,205
  • Total Liabilities: $15,622,476
  • Net Assets: -$4,082,271
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $960,168

    LAUNDRY REVENUE

    Revenue

    $19,444

    MISCELLANEOUS

    Revenue

    $1,456

    Organization Details

    Founding Year

    1985

    Principal Officer

    Guarione M Diaz

    Main Address

    1223 SW 4TH ST 2ND FLOOR, MIAMI, FL, 331352407

    NTEE Category

    Code: L210 - Housing

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