Nonprofits›Preservation Of Affordable Housing Inc

Housing & Shelter

Preservation Of Affordable Housing Inc

BOSTON, MA

Website

Total revenue

$136.7M

Total expenses

$118.6M

Net assets

$374.5M

Grants received

$6.0M

40 grants

EIN

311616634

Tax year

2024

Mission

Preservation of affordable housing, inc. (poah) was formed to preserve and create affordable housing for persons in need of such housing.

Programs

1 program

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.

Financials

FY 2024

Revenue

Contributions & grants$15.1M
Program service revenue$109.2M
Investment income$12.4M
Other revenue$43K
Total revenue$136.7M

Expenses

Grants paid—
Salaries & benefits$59.1M
Fundraising$636K
Other expenses$59.5M
Total expenses$118.6M
Total assets$1.1B
Net assets$374.5M

People

23 listed

NameRoleCompensation

AARON GORNSTEIN

PRESIDENT & CEO

Board

$521K

40 hrs/wk

ALLISON ADDUCI

TREASURER, MANAGING DIRECT

Board

$364K

40 hrs/wk

ANDREW SPOFFORD

SECRETARY, CHIEF OF STAFF

Board

$281K

40 hrs/wk

DORIANE MILLER

DIRECTOR

Board

$6K

1 hrs/wk

WILLIAM TOWNS

DIRECTOR

Board

$6K

1 hrs/wk

RAMON JACOBSON

DIRECTOR

Board

$6K

1 hrs/wk

ELIZABETH A BLUME

DIRECTOR

Board

$6K

1 hrs/wk

JOE FLATLEY

DIRECTOR

Board

$5K

1 hrs/wk

REYNA SPENCER-GURLLY

DIRECTOR

Board

$5K

1 hrs/wk

ROBIN FAITH BACHIN

DIRECTOR

Board

$2K

1 hrs/wk

YONGMEI CHEN

DIRECTOR

Board

—

1 hrs/wk

JENNY NETZER

DIRECTOR, CHAIR

Board

—

1 hrs/wk

MARK SNYDERMAN

DIRECTOR

Board

—

1 hrs/wk

PRINTICE GARY

DIRECTOR

Board

—

1 hrs/wk

ANA GELABERT-SANCHEZ

OUTGOING DIRECTOR

Board

—

1 hrs/wk

ROCHELLE BEEKS

PRESIDENT OF POAHC

Staff

$439K

40 hrs/wk

RODGER BROWN

MANAGING DIR., REAL ESTATE

Staff

$413K

40 hrs/wk

JUDITH JACOBSON

MGR DIR, GENERAL COUNSEL

Staff

$330K

32 hrs/wk

DENA XIFARAS

SENIOR VP, OWNERSHIP & OP.

Staff

$300K

40 hrs/wk

CORY MIAN

SENIOR VP, DEVELOPMENT

Staff

$299K

40 hrs/wk

MAIA SHANKLIN-ROBERTS

VICE PRESIDENT, REAL ESTAT

Staff

$292K

40 hrs/wk

SEVARA DAVIS

SENIOR VP, COO

Staff

$272K

40 hrs/wk

WILLIAM EAGER

SENIOR VP, CHICAGO

Staff

$268K

40 hrs/wk

Independent contractors

HAYNES SECURITY SERVICES INC

SECURITY AGENCY & ALARM

$634K

COMPASS WORKING CAPITAL

FSS PROGRAM ADMINSTRATOR

$498K

ANSER ADVISORY CONSULTING LLC

CLECK OF THE WORKS

$312K

COHN REZNICK

ACCOUNTING SERVICES

$294K

WAYPOINTKLA INC

CLECK OF THE WORKS

$251K

Grants received

Showing 40 of 40

FromAmountPurposeYear
JPMORGAN CHASE FOUNDATION
$470K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
LOCAL INITIATIVES SUPPORT CORPORATION
$100K
SEE PART IV
2024
OHIO CAPITAL IMPACT CORPORATION
$27K
PROGRAM SUPPORT
2024
THE BLACKBAUD GIVING FUND
$15K
GENERAL SUPPORT
2024
Rocky Mountain Institute
$750K
SUPPORT PROGRAM
2023
JOHN D AND CATHERINE T MACARTHUR
$250K
in support of ongoing efforts to engage residents in planning for the physical, economic, and social revitalization of the Woodlawn neighborhood in Chicago
2023
ENTERPRISE COMMUNITY PARTNERS INC
$160K
INNOVATION CHALLENGE AWARD
2023
WORLD BUSINESS CHICAGO
$25K
CCT INVEST SOUTHWEST DESIGN GRANT
2023
OHIO CAPITAL IMPACT CORPORATION
$18K
PROGRAM SUPPORT
2023
LOCAL INITIATIVES SUPPORT CORPORATION
$15K
SEE PART IV
2023
STEWARDS OF AFFORDABLE HOUSING
$12K
TO SUPPORT THE IMPROVEMENT OF RENTER STABILITY THROUGH RESPONSIBLE LANDLORD PRACTICES AND EXPAND SUPPLY OF AFFORDABLE RENTAL HOUSING.
2023
Eastern Bank Foundation
$5K
EXEMPT PURPOSE
2023
LOW INCOME INVESTMENT FUND
$373K
CAPITAL GRANT
2022
JOHN D AND CATHERINE T MACARTHUR
$250K
in support of ongoing efforts to engage residents in planning for the physical, economic, and social revitalization of the Woodlawn neighborhood in Chicago
2022
The Bank of America Charitable Foundation Inc
$75K
PROGRAM/OPERATING SUPPORT
2022
THE BLACKBAUD GIVING FUND
$60K
GENERAL SUPPORT
2022
ENTERPRISE COMMUNITY PARTNERS INC
$52K
INNOVATION CHALLENGE AWARD
2022
AMERICAN ONLINE GIVING FOUNDATION INC
$25K
GENERAL SUPPORT
2022
OHIO CAPITAL IMPACT CORPORATION
$19K
PROGRAM SUPPORT
2022
THE MELVILLE CHARITABLE TRUST INC
$15K
DEVELOP RESIDENT LEADERSHIP INITIATIVE
2022
DEVELOP DETROIT INC
$10K
AFFORDABLE REAL ESTATE DEVELOPMENT
2022
ENTERPRISE COMMUNITY PARTNERS INC
$530K
COMMUNITY PRESERVATION AND DEVELOPMENT
2021
JOHN D AND CATHERINE T MACARTHUR
$250K
in support of ongoing efforts to engage residents in planning for the physical economic and social revitalization of the Woodlawn neighborhood in Chicago
2021
JOHN D AND CATHERINE T MACARTHUR
$250K
in support of ongoing efforts to engage residents in planning for the physical, economic, and social revitalization of the Woodlawn neighborhood in Chicago.
2021
DEVELOP DETROIT INC
$201K
AFFORDABLE REAL ESTATE DEVELOPMENT
2021
The Bank of America Charitable Foundation Inc
$100K
OPERATIONAL SUPPORT
2021
THE BLACKBAUD GIVING FUND
$60K
GENERAL SUPPORT
2021
THE BLACKBAUD GIVING FUND
$60K
GENERAL SUPPORT
2021
Eastern Bank Foundation
$10K
EXEMPT PURPOSE
2021
ENTERPRISE COMMUNITY PARTNERS INC
$965K
INNOVATION CHALLENGE AWARD
2020
DEVELOP DETROIT INC
$500K
AFFORDABLE REAL ESTATE DEVELOPMENT
2020
STEWARDS OF AFFORDABLE HOUSING
$100K
TO SUPPORT THE HOUSING STABILITY OF HOUSEHOLDS IMPACTED BY COVID-19 THROUGH RESIDENT SERVICES
2020
TIDES FOUNDATION
$60K
EQUALITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2020
LOCAL INITIATIVES SUPPORT CORPORATION
$35K
SEE PART IV
2020
FIRST FINANCIAL FOUNDATION
$5K
SUPPORT FOR THE FAMILY SELF-SUFFICIENCY (FSS) PROGRAM. FSS IS ONE OF THE MOST PROMISING TOOLS AVAILABLE RIGHT NOW TO LEVERAGE HOUSING ASSISTANCE AS A SPRINGBOARD FOR ECONOMIC MOBILITY.
2020
ENTERPRISE COMMUNITY PARTNERS INC
$50K
CAPACITY BUILDING
2019
UNITED WAY OF METROPOLITAN CHICAGO INC
$25K
PROGRAM SUPPORT
2019
UNITED WAY OF METROPOLITAN CHICAGO INC
$30K
PROGRAM SUPPORT
2018
UNITED WAY OF METROPOLITAN CHICAGO INC
$30K
Program Support
2017
The Chicago Community Trust
$30K
GENERAL OPERATING SUPPORT
2017

Funded by

$6.0M from 19 funders · 40 grants · 2017–2024

Enterprise Community Partners Inc

$1.8M · 5 grants · 2019–2023

John D And Catherine T Macarthur

$1M · 4 grants · 2021–2023

Rocky Mountain Institute

$750K · 1 grant · 2023

Develop Detroit Inc

$711K · 3 grants · 2020–2022

Jpmorgan Chase Foundation

$470K · 1 grant · 2024

Low Income Investment Fund

$373K · 1 grant · 2022

The Blackbaud Giving Fund

$195K · 4 grants · 2021–2024

The Bank of America Charitable Foundation Inc

$175K · 2 grants · 2021–2022

Details

EIN311616634
NTEE codeL250
Subsection03
Ruling date1999-01
Formed1998
Employees804
Volunteers11
PRESERVATION OF AFFORDABLE HOUSING INC — Mission, Financials & Grants Received | Grantivo