Poah Support Corporation Co Preservation Of Affordable Housing Inc

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

EIN: 475438705 ✦ Boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is Poah Support Corporation Co Preservation Of Affordable Housing Inc?

Poah Support Corporation Co Preservation of Affordable Housing Inc is a charitable organization, headquartered in Boston, Massachusetts, with a mission to exclusively support Preservation of Affordable Housing, Inc., a not-for-profit corporation based in Illinois. This Illinois organization falls under Section 501(C)(3) and Section 509(A)(2) of the Internal Revenue Code, as amended, which means it operates for charitable purposes. The primary objective of Poah Support Corporation is to contribute to the preservation of affordable housing in accordance with its beneficiary organization's mission.


Official website here: www.poah.org

Is Poah Support Corporation Co Preservation Of Affordable Housing Inc legitimate?

Poah Support Corporation Co Preservation Of Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Poah Support Corporation Co 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.poah.org

What is the mission statement of Poah Support Corporation Co Preservation Of Affordable Housing Inc?

The Poah Support Corporation Co Preservation Of Affordable Housing Inc is established with a charitable purpose, qualifying it as an exempt organization under Section 501(C)(3) of the Internal Revenue Code. Its primary objective is to support the Preservation of Affordable Housing, Inc., a not-for-profit organization described in Section 501(C)(3) and 509(A)(2) of the code. The Poah Support Corporation is committed to operating exclusively for the benefit of this affiliated organization, with the aim of preserving affordable housing. The corporation's activities are entirely focused on furthering the goals and mission of the Preservation of Affordable Housing, Inc. to ensure the continuity and availability of affordable housing options for those in need.


Official website here: www.poah.org

Who is the CEO of Poah Support Corporation Co Preservation Of Affordable Housing Inc?

Allison Adduci is the Director/President of Poah Support Corporation Co Preservation Of Affordable Housing Inc.


Official website here: www.poah.org

What is the revenue of Poah Support Corporation Co Preservation Of Affordable Housing Inc?

Poah Support Corporation Co Preservation Of Affordable Housing Inc's revenue in 2022 was $678,426.


Official website here: www.poah.org

Who are the executives of Poah Support Corporation Co Preservation Of Affordable Housing Inc and what are their salaries?


Here are 5 key members and their salaries:


Aaron Gornstein (Director/President)
  • Compensation: $0
  • Related: $488,895
  • Other: $27,343
Mark Goldhaber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tobin Levy (Director)
  • Compensation: $0
  • Related: $4,500
  • Other: $0
Allison Adduci (Treasurer, Managing Director & Cfo)
  • Compensation: $0
  • Related: $295,229
  • Other: $8,344
Randy Parker (Outgoing Treasurer)
  • Compensation: $0
  • Related: $280,438
  • Other: $22,658


Official website here: www.poah.org

Where can I find the form 990 for Poah Support Corporation Co Preservation Of Affordable Housing Inc?

Poah Support Corporation Co 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 Poah Support Corporation Co Preservation Of Affordable Housing Inc

Poah Support Corporation Co Preservation Of Affordable Housing Inc is a charitable organization with a specific mission to support Preservation of Affordable Housing, Inc., an Illinois not-for-profit corporation described under Section 501(C)(3) and Section 509(A)(2) of the Internal Revenue Code. The primary goal of Poah Support Corporation is to operate exclusively for the benefit of Preservation of Affordable Housing, Inc., with the aim of preserving affordable housing. This mission aligns with the mission of Preservation of Affordable Housing, Inc., which is also dedicated to maintaining affordable housing options for individuals and families. By working together, both organizations contribute to the overall well-being of communities by ensuring that affordable housing remains available to those who need it.

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Impact




October, 2024

Poah Support Corporation Co Preservation Of Affordable Housing Inc plays a vital role in ensuring the stability and availability of affordable housing. By focusing exclusively on the preservation and enhancement of affordable housing initiatives, the organization directly addresses the critical need for safe and economically accessible living options.

Their efforts contribute to community revitalization, preventing displacement of low-income families and individuals. By supporting Preservation of Affordable Housing, Inc., they help maintain and improve existing affordable housing stock, ensuring it remains a viable option in an increasingly challenging housing market.

Their impact extends beyond merely providing housing; it fosters community cohesion, enhances the quality of life for residents, and promotes economic mobility by stabilizing families and reducing housing cost burdens. Overall, their work is instrumental in combating housing insecurity and fostering equitable living conditions in the communities they serve, particularly in urban areas where affordable housing resources are often scarce.




This information is meant to be a general summary of Poah Support Corporation Co 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.

Revenue
$678,426 (2022)
Expenses
$923,740 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $150,563
  • Program Service Revenue: $493,894
  • Gross Receipts: $678,426

Assets and Liabilities:

  • Total Assets: $14,520,742
  • Total Liabilities: $11,831,689
  • Net Assets: $2,689,053

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Programs

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

RENTAL INCOME

Revenue

$354,520

COMMERCIAL REVENUE

Revenue

$136,680

TENANT CHARGE

Revenue

$2,694

Organization Details

Founding Year

2015

Principal Officer

Allison Adduci

Main Address

2 OLIVER STREET SUITE 500, BOSTON, MA, 02109

NTEE Category

Code: T11 - Philanthropy

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