Nonprofit · EIN 31-1616634
PRESERVATION OF AFFORDABLE HOUSING INC
Tax-exempt · BOSTON, MA 02109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $136,682,612 | $118,586,483 | $18,096,129 | $1,146,519,846 | $772,032,764 | $374,487,082 |
| December 31, 2023 | 990 | $145,471,919 | $112,661,144 | $32,810,775 | $870,222,383 | $528,371,704 | $341,850,679 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $15,063,643
- of which government grants
- $12,797,716
- Program service revenue
- $109,150,831
- Investment income
- $12,425,079
- Net gain from sales of assets
- $5,601,584
- Other revenue
- $43,059
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,508,694
- Other salaries and wages
- $47,175,138
- Salaries, compensation and benefits (total)
- $59,114,319
- Professional fundraising fees
- $0
- Legal fees
- $244,893
- Accounting fees
- $629,083
- Occupancy
- $1,736,720
- Travel
- $1,213,774
- Depreciation
- $6,545,938
- Program services (functional)
- $112,624,102
- Management and general (functional)
- $5,326,672
- Fundraising (functional)
- $635,709
Balance sheet and other
- Total assets, start of year
- $870,222,383
- Total assets, end of year
- $1,146,519,846
- Total liabilities, end of year
- $772,032,764
- Net assets, end of year
- $374,487,082
- Land, buildings and equipment
- $588,736,838
- Net assets without donor restrictions
- $368,445,370
- Net assets with donor restrictions
- $6,041,712
- Gross receipts
- $164,760,957
- Employees
- 804
- Volunteers
- 11
- Year formed
- 1998
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AARON GORNSTEIN | PRESIDENT & CEO Officer | 40 | $520,792 | $30,476 |
| ROCHELLE BEEKS | PRESIDENT OF POAHC Key employee | 40 | $439,363 | $24,578 |
| RODGER BROWN | MANAGING DIR., REAL ESTATE Key employee | 40 | $413,071 | $33,101 |
| ALLISON ADDUCI | TREASURER, MANAGING DIRECT Officer | 40 | $363,703 | $13,656 |
| JUDITH JACOBSON | MGR DIR, GENERAL COUNSEL Key employee | 32 | $330,033 | $11,968 |
| DENA XIFARAS | SENIOR VP, OWNERSHIP & OP. Highest-paid employee | 40 | $300,390 | $36,154 |
| CORY MIAN | SENIOR VP, DEVELOPMENT Highest-paid employee | 40 | $298,890 | $11,948 |
| MAIA SHANKLIN-ROBERTS | VICE PRESIDENT, REAL ESTAT Highest-paid employee | 40 | $292,442 | $11,693 |
| WILLIAM EAGER | SENIOR VP, CHICAGO Highest-paid employee | 40 | $267,548 | $33,028 |
| ANDREW SPOFFORD | SECRETARY, CHIEF OF STAFF Officer | 40 | $280,772 | $12,181 |
| SEVARA DAVIS | SENIOR VP, COO Highest-paid employee | 40 | $271,997 | $20,683 |
| DORIANE MILLER | DIRECTOR Trustee or director | 1 | $6,000 | $0 |
| ELIZABETH A BLUME | DIRECTOR Trustee or director | 1 | $6,000 | $0 |
| RAMON JACOBSON | DIRECTOR Trustee or director | 1 | $6,000 | $0 |
| WILLIAM TOWNS | DIRECTOR Trustee or director | 1 | $6,000 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE FLATLEY | DIRECTOR Trustee or director | 1 | $5,000 |
| REYNA SPENCER-GURLLY | DIRECTOR Trustee or director | 1 | $4,500 |
| ROBIN FAITH BACHIN | DIRECTOR Trustee or director | 1 | $1,500 |
| ANA GELABERT-SANCHEZ | OUTGOING DIRECTOR Trustee or director | 1 | $0 |
| JENNY NETZER | DIRECTOR, CHAIR Trustee or director, Officer | 1 | $0 |
| MARK SNYDERMAN | DIRECTOR Trustee or director | 1 | $0 |
| PRINTICE GARY | DIRECTOR Trustee or director | 1 | $0 |
| YONGMEI CHEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AARON GORNSTEIN | PRESIDENT & CEO Officer | 40 | $495,571 | $28,959 |
| ROCHELLE BEEKS | PRESIDENT OF POAHC Key employee | 40 | $418,714 | $22,989 |
| RODGER BROWN | MANAGING DIR., REAL ESTATE Key employee | 40 | $366,892 | $31,977 |
| ALLISON ADDUCI | TREASURER, MANAGING DIRECT Officer | 40 | $338,715 | $12,377 |
| JUDITH JACOBSON | MGR DIR, GENERAL COUNSEL Key employee | 32 | $306,700 | $12,363 |
| DENA XIFARAS | SENIOR VP, OWNERSHIP & OP. Highest-paid employee | 40 | $283,283 | $33,942 |
| CORY MIAN | SENIOR VP, DEVELOPMENT Highest-paid employee | 40 | $274,760 | $10,605 |
| WILLIAM EAGER | SENIOR VP, CHICAGO Highest-paid employee | 40 | $248,481 | $31,895 |
| MAIA SHANKLIN-ROBERTS | VICE PRESIDENT, REAL ESTAT Highest-paid employee | 40 | $270,878 | $9,014 |
| SEVARA DAVIS | SENIOR VP, COO Highest-paid employee | 40 | $246,791 | $28,128 |
| ANDREW SPOFFORD | SECRETARY, CHIEF OF STAFF Officer | 40 | $260,401 | $11,315 |
| JOE FLATLEY | DIRECTOR Trustee or director | 1 | $6,000 | $0 |
| ELIZABETH A BLUME | DIRECTOR Trustee or director | 1 | $5,500 | $0 |
| RAMON JACOBSON | DIRECTOR Trustee or director | 1 | $5,500 | $0 |
| WILLIAM TOWNS | DIRECTOR Trustee or director | 1 | $5,500 | $0 |
| DORIANE MILLER | DIRECTOR Trustee or director | 1 | $4,000 | $0 |
| ANA GELABERT-SANCHEZ | DIRECTOR Trustee or director | 1 | $3,000 | $0 |
| JENNY NETZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK SNYDERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRINTICE GARY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YONGMEI CHEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGIA MURRAY | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 OLIVER ST STE 500, BOSTON, MA 02109-4937
- In care of
- % RANDY PARKER
- Principal officer (990 for 2024)
- ALLISON ADDUCI, 2 OLIVER STREET SUITE 500, BOSTON, MA 02109
- Signed the 990
- ALLISON ADDUCI, MANAGING DIRECTOR, CFO
- Phone
- (617) 261-9898
- Website
- WWW.POAH.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
POAH WAS FORMED TO PRESERVE AND CREATE AFFORDABLE HOUSING FOR PERSONS IN NEED OF SUCH HOUSING.
Program accomplishments
- POAH IS DEDICATED TO THE LONG TERM PRESERVATION, CREATION, OWNERSHIP AND OPERATION OF AFFORDABLE HOUSING PROPERTIES. AT DECEMBER 31, 2024 POAH, OR ITS RELATED ORGANIZATIONS OWNED AND OPERATED 13,627 UNITS OF DECENT, SAFE AND AFFORDABLE HOUSING FOR LOW INCOME PERSONS AND FAMILIES.Expenses $112,624,102 · revenue $108,619,579
- SOME PROPERTIES OWNED BY POAH OR ITS RELATED ORGANIZATIONS BENEFIT FROM THE ELIMINATION OF HUD-HELD OR HUD-REGULATED DEBT IN CONNECTION WITH CERTAIN TRANSACTIONS, NOTABLY INCLUDING THE RAD CONVERSION OF SECTION 202 CAPITAL ADVANCE PROPERTIES. THESE TRANSACTIONS GENERATE REVENUE THAT APPEARS IN PART VIII LINE 2C, GAIN ON PURCHASE OF PROPERTY.revenue $574,311
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1616634
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L250)
- Assets (IRS master file)
- $1,146,519,846
- Income (IRS master file)
- $164,760,957
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $136,682,612 | $118,586,483 | $1,146,519,846 | XML |
| 990 | December 2023 | $145,471,919 | $112,661,144 | $870,222,383 | XML |
| 990 | December 2022 | $148,472,316 | $104,649,164 | $668,508,423 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1616634).
Questions about PRESERVATION OF AFFORDABLE HOUSING INC
- What is the EIN of PRESERVATION OF AFFORDABLE HOUSING INC?
- The employer identification number (EIN) of PRESERVATION OF AFFORDABLE HOUSING INC is 31-1616634.
- Is PRESERVATION OF AFFORDABLE HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to PRESERVATION OF AFFORDABLE HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRESERVATION OF AFFORDABLE HOUSING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRESERVATION OF AFFORDABLE HOUSING INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRESERVATION OF AFFORDABLE HOUSING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRESERVATION OF AFFORDABLE HOUSING INC?
- The 990 for the year ended December 31, 2024 names ALLISON ADDUCI.
- Who are the officers and directors of PRESERVATION OF AFFORDABLE HOUSING INC?
- The 990 for the year ended December 31, 2024 lists 23 people; 18 received compensation from the organization, the highest $520,792 (AARON GORNSTEIN, PRESIDENT & CEO).
- How much revenue does PRESERVATION OF AFFORDABLE HOUSING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $136,682,612, expenses of $118,586,483 and total assets of $1,146,519,846 at year end.
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