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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Preservation of Affordable Housing Inc has received a Four-Star rating from Charity Navigator, showcasing its high level of accountability and finance management. With a perfect score for board independence and comprehensive oversight measures in place, the organization demonstrates a commitment to transparency and governance. The evaluation is primarily based on its fiscal responsibility, reflecting well on its operational integrity.
The nonprofit excels in its program expense ratio, allocating 95.51% of its resources directly to its mission, which is significant in ensuring that funds are used effectively to support affordable housing initiatives. Additionally, it has no material diversion of assets, further highlighting its financial health and focus on its core objectives. The organization's audit and oversight practices scored full marks, emphasizing its strong financial controls.
However, the liabilities to assets ratio of 54.79% indicates that while generally stable, the organization carries a considerable amount of liabilities relative to its assets. This is something to monitor, as it may affect future financial flexibility. Overall, Preservation of Affordable Housing Inc shows a solid performance in its operations and governance, making it a trustworthy choice for donors concerned about financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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):
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $5,500
- Related: $0
- Other: $0
- Compensation: $5,500
- Related: $0
- Other: $0
- Compensation: $488,895
- Related: $0
- Other: $27,343
- Compensation: $295,229
- Related: $0
- Other: $8,344
- Compensation: $253,019
- Related: $0
- Other: $10,995
- Compensation: $301,770
- Related: $0
- Other: $10,797
- Compensation: $406,810
- Related: $0
- Other: $30,436
- Compensation: $362,484
- Related: $0
- Other: $31,090
- Compensation: $264,282
- Related: $0
- Other: $10,179
- Compensation: $273,941
- Related: $0
- Other: $33,359
- Compensation: $248,847
- Related: $0
- Other: $9,238
- Compensation: $262,701
- Related: $0
- Other: $7,641
- Compensation: $239,668
- Related: $0
- Other: $31,690
- Compensation: $280,438
- Related: $0
- Other: $22,658
- Compensation: $4,500
- Related: $0
- Other: $0
Official website here: www.poah.org
Where can I find the form 990 for Preservation Of Affordable Housing Inc?
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.
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Impact
October, 2024
Preservation Of Affordable Housing Inc (POAH) plays a crucial role in addressing the urgent need for affordable housing in communities. By focusing on the long-term preservation, creation, ownership, and operation of affordable housing properties, POAH has successfully maintained a significant number of housing units that are safe and decent. As of December 31, 2022, POAH managed 13,130 units, providing vital support to low-income individuals and families.
The impact of POAH extends beyond just maintaining housing; it fosters stability within neighborhoods by ensuring that families have access to secure living environments. This stability is essential for the overall well-being of residents, allowing them to invest in their futures, including education and employment opportunities. Furthermore, by focusing on affordability, POAH helps to mitigate the effects of gentrification and rising housing costs, enabling diverse communities to thrive. Through its dedication to creating and preserving affordable housing, POAH significantly contributes to improving the quality of life for many, ensuring that everyone has a place to call home in the Boston area and beyond.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(617) 261-9898Principal Officer
Allison Adduci
Main Address
2 OLIVER STREET SUITE 500, BOSTON, MA, 02109
Website
www.poah.orgNTEE Category
Code: L250 - Housing
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