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Preservation Of Affordable Housing Inc

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

EIN: 311616634 ✦ Boston, MA ✦ Designated as a 501(c)(3)

Overview

What is Preservation Of Affordable Housing Inc?

Preservation of Affordable Housing Inc (POAH) is a Boston-based nonprofit organization with a mission to preserve and create affordable housing units for low-income individuals and families. As of December 31, 2022, POAH and its related organizations owned and operated 13,130 decent, safe, and affordable housing units. This dedicated nonprofit was formed specifically to address the housing needs of those in need and currently employs a workforce of 687 people. Their efforts include the long-term preservation, ownership, and operation of affordable housing properties.


Official website here: www.poah.org

Is Preservation Of Affordable Housing Inc legitimate?

Preservation Of Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preservation Of Affordable Housing Inc 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: $2,555,808
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,533,820

For more financial information, click here


Official website here: www.poah.org

What is the mission statement of Preservation Of Affordable Housing Inc?

Preservation of Affordable Housing Inc (POAH) is a nonprofit organization committed to preserving and creating affordable housing options for those in need. Established with this mission, POAH works diligently towards the long-term preservation, ownership, and operation of affordable housing properties. By the end of 2022, POAH and its related organizations had successfully owned and operated 13,130 units of decent, safe, and affordable housing for low-income individuals and families.


Official website here: www.poah.org

Who is the CEO of Preservation Of Affordable Housing Inc?

Allison Adduci is the Director of Preservation Of Affordable Housing Inc. The CEO's salary of Preservation Of Affordable Housing Inc is $488,895 and their total compensation is $516,238.


Official website here: www.poah.org

What is the revenue of Preservation Of Affordable Housing Inc?

Preservation Of Affordable Housing Inc's revenue in 2022 was $148,472,316.


Official website here: www.poah.org

Who are the executives of Preservation Of Affordable Housing Inc and what are their salaries?

The average compensation at Preservation Of Affordable Housing Inc during 2022 was $56,899. There are 687 employees and 11 volunteers at Preservation Of Affordable Housing Inc.

Here are 23 key members and their salaries (Preservation Of Affordable Housing Inc's CEO's salary is $488,895 and their total compensation is $516,238):

    Aaron Gornstein (President & Ceo)
  • Compensation: $488,895
  • Related: $0
  • Other: $27,343

    • Rochelle Beeks (President Of Poahc)
  • Compensation: $406,810
  • Related: $0
  • Other: $30,436

    • Rodger Brown (Managing Dir., Real Estate)
  • Compensation: $362,484
  • Related: $0
  • Other: $31,090

    • Judith Jacobson (Mgr Dir, General Counsel)
  • Compensation: $301,770
  • Related: $0
  • Other: $10,797

    • Dena Xifaras (Senior Vp, Ownership & Op.)
  • Compensation: $273,941
  • Related: $0
  • Other: $33,359

    • Allison Adduci (Treasurer, Managing Director, Cfo)
  • Compensation: $295,229
  • Related: $0
  • Other: $8,344

    • Randy Parker (Former Treasurer)
  • Compensation: $280,438
  • Related: $0
  • Other: $22,658

    • Cory Mian (Senior Vp, Development)
  • Compensation: $264,282
  • Related: $0
  • Other: $10,179

    • William Eager (Senior Vp, Chicago)
  • Compensation: $239,668
  • Related: $0
  • Other: $31,690

    • Maia Shanklin-Roberts (Vice President, Real Estate Development, Mid-Atlan)
  • Compensation: $262,701
  • Related: $0
  • Other: $7,641

    • Andrew Spofford (Secretary, Chief Of Staff)
  • Compensation: $253,019
  • Related: $0
  • Other: $10,995

    • Julie Creamer (Senior Vp, Acquisitions)
  • Compensation: $248,847
  • Related: $0
  • Other: $9,238

    • Ramon Jacobson (Director)
  • Compensation: $5,500
  • Related: $0
  • Other: $0

    • William Towns (Director)
  • Compensation: $5,500
  • Related: $0
  • Other: $0

    • Tobin Levy (Former Director)
  • Compensation: $4,500
  • Related: $0
  • Other: $0

    • Doriane Miller (Director)
  • Compensation: $4,000
  • Related: $0
  • Other: $0

    • Ana Gelabert-Sanchez (Director)
  • Compensation: $3,500
  • Related: $0
  • Other: $0

    • Elizabeth A Blume (Director)
  • Compensation: $2,500
  • Related: $0
  • Other: $0

    • Georgia Murray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jenny Netzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Flatley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Snyderman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Printice Gary (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.poah.org

    Where can I find the form 990 for Preservation Of Affordable Housing Inc?

    The Preservation Of Affordable Housing Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.poah.org

    Learn more at the official website: www.poah.org

    Mission Statement of Preservation Of Affordable Housing Inc

    Preservation of Affordable Housing Inc, or POAH, is a dedicated organization formed with the mission to preserve and create affordable housing opportunities for individuals in need. POAH's commitment goes beyond just preserving existing affordable housing units; they also strive to develop new properties that cater to this demographic. As of December 31, 2022, POAH and its related organizations owned and operated over thirteen thousand units of decent, safe, and affordable housing for low-income persons and families.

    POAH's unwavering dedication to the long-term preservation, creation, ownership, and operation of affordable housing properties sets it apart. They have made it their responsibility to ensure that individuals and families struggling financially have access to secure and affordable living spaces. By owning and managing these properties, POAH not only provides shelter but also instills a sense of stability and continuity for its residents.

    Impact

    This information is meant to be a general summary of Preservation Of Affordable Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Preservation Of Affordable Housing Inc's impact is evident in the 13,130 units of decent, safe, and affordable housing it owns and operates for low-income individuals and families. By focusing on the long-term preservation, creation, ownership, and operation of affordable housing properties, Preservation Of Affordable Housing Inc plays a crucial role in addressing the housing needs of those in need. Through its work, the organization directly contributes to providing stable and affordable housing options for vulnerable populations, thereby promoting community stability and economic security. Their commitment to preserving and creating affordable housing underscores their dedication to supporting individuals and families in accessing suitable housing options.





    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: $14,533,579
  • Program Service Revenue: $117,733,118
  • Gross Receipts: $174,754,005

    • Assets and Liabilities:
  • Total Assets: $668,508,423
  • Total Liabilities: $366,339,330
  • Net Assets: $302,169,093
  • Programs

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

    DEVELOPMENT AND MANAGEMENT INCOME

    Revenue

    $86,981,607

    RENTAL INCOME

    Revenue

    $29,894,433

    GAIN ON PURCHASE OF PROPERTY

    Revenue

    $574,311

    MISCELLANEOUS REVENUE

    Revenue

    $169,186

    COMMUNITY IMPACT SERVICES INCOME

    Revenue

    $113,581

    Organization Details

    Founding Year

    1998

    Principal Officer

    Allison Adduci

    Main Address

    2 OLIVER STREET SUITE 500, BOSTON, MA, 02109

    NTEE Category

    Code: L21 - Housing

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