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PRESERVATION OF AFFORDABLE HOUSING, INC. (POAH) WAS FORMED TO PRESERVE AND CREATE AFFORDABLE HOUSING FOR PERSONS IN NEED OF SUCH HOUSING.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$136.7M
Program Spending
95%
of total expenses go to program services
Total Contributions
$15.1M
Total Expenses
▼$118.6M
Total Assets
$1.1B
Total Liabilities
▼$772M
Net Assets
$374.5M
Officer Compensation
→$2.5M
Other Salaries
$47.2M
Investment Income
$12.4M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$75.8M
Awards Found
8
Department of Housing and Urban Development
$30.5M
SEVERELY DISTRESSED PUBLIC HSN
Department of the Treasury
$12M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$12M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$4.5M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of Housing and Urban Development
$453.4K
CHOICE NEIGHBORHOOD SAFETY
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
9
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $36.7M | No | 2025-07-31 |
| 2023 | Clean | Unmodified (Clean) | $23M | Yes | 2024-08-08 |
| 2022 | Clean | Unmodified (Clean) | $9.4M | Yes | 2023-07-18 |
| 2021 | Clean | Unmodified (Clean) | $8.7M | Yes | 2022-07-13 |
| 2020 | Clean | Unmodified (Clean) | $8.5M | Yes | 2021-07-15 |
| 2019 | Clean | Unmodified (Clean) | $7.7M | Yes | 2020-07-23 |
| 2018 | Clean | Unmodified (Clean) | $4.5M | Yes | 2019-07-28 |
| 2017 | Clean | Unmodified (Clean) | $16M | Yes | 2018-09-06 |
| 2016 | Clean | Unmodified (Clean) | $6.5M | Yes | 2017-07-23 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$36.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$23M
Financial Report
Unmodified (Clean)
Federal Expenditure
$9.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$8.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$8.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$16M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.5M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $136.7M | $15.1M | $118.6M | $1.1B | $374.5M |
| 2023 | $145.5M | $26M | $112.7M | $870.2M | $341.9M |
| 2022 | $148.5M | $16.2M | $104.6M | $668.5M | $302.2M |
| 2021 | $179.2M | $17.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Aaron Gornstein | President & CEO | 40 | $520.8K | $0 | $30.5K | $551.3K |
| Allison Adduci | Treasurer, Managing Direct | 40 | $363.7K | $0 | $13.7K | $377.4K |
| Andrew Spofford | Secretary, Chief Of Staff | 40 | $280.8K | $0 | $12.2K | $293K |
| Jenny Netzer | Director, Chair | 1 | $0 | $0 | $0 | $0 |
Aaron Gornstein
President & CEO
$551.3K
Hrs/Wk
40
Compensation
$520.8K
Related Orgs
$0
Other
$30.5K
Allison Adduci
Treasurer, Managing Direct
$377.4K
Hrs/Wk
40
Compensation
$363.7K
Related Orgs
$0
Other
$13.7K
Andrew Spofford
Secretary, Chief Of Staff
$293K
Hrs/Wk
40
Compensation
$280.8K
Related Orgs
$0
Other
$12.2K
Jenny Netzer
Director, Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Rochelle Beeks | President Of Poahc | 40 | $439.4K | $0 | $24.6K | $463.9K |
| Rodger Brown | Managing Dir., Real Estate | 40 | $413.1K | $0 | $33.1K | $446.2K |
| Judith Jacobson | Mgr Dir, General Counsel | 32 | $330K | $0 | $12K | $342K |
| Dena Xifaras | Senior Vp, Ownership & Op. | 40 | $300.4K | $0 | $36.2K | $336.5K |
| Cory Mian | Senior Vp, Development | 40 | $298.9K | $0 | $11.9K | $310.8K |
| Maia Shanklin-Roberts |
Rochelle Beeks
President Of Poahc
$463.9K
Hrs/Wk
40
Compensation
$439.4K
Related Orgs
$0
Other
$24.6K
Rodger Brown
Managing Dir., Real Estate
$446.2K
Hrs/Wk
40
Compensation
$413.1K
Related Orgs
$0
Other
$33.1K
Judith Jacobson
Mgr Dir, General Counsel
$342K
Hrs/Wk
32
Compensation
$330K
Related Orgs
$0
Other
$12K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Ana Gelabert-Sanchez | Outgoing Director | 1 | $0 | $0 | $0 | $0 |
| Doriane Miller | Director | 1 | $6,000 | $0 | $0 | $6,000 |
| Elizabeth A Blume | Director | 1 | $6,000 | $0 | $0 | $6,000 |
| Joe Flatley | Director | 1 | $5,000 | $0 | $0 | $5,000 |
| Mark Snyderman | Director | 1 | $0 | $0 | $0 | $0 |
| Printice Gary | Director |
Ana Gelabert-Sanchez
Outgoing Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Doriane Miller
Director
$6,000
Hrs/Wk
1
Compensation
$6,000
Related Orgs
$0
Other
$0
Elizabeth A Blume
Director
$6,000
Hrs/Wk
1
Compensation
$6,000
Related Orgs
$0
Other
$0
| $108.5M |
| $607.1M |
| $256.1M |
| 2020 | $79.5M | $3.2M | $79.5M | $426.4M | $190.5M |
| 2019 | $78.3M | $5.6M | $65.4M | $388M | $189M |
| 2018 | $68.3M | $4.1M | $58.7M | $300.6M | $182.5M |
| 2017 | $71.5M | $17.1M | $52.8M | $264.3M | $171.7M |
| 2016 | $56M | $8.1M | $40.4M | $189M | $160.7M |
| 2015 | $38.5M | $5.8M | $32.4M | $169.1M | $143M |
| 2014 | $39M | $6.7M | $30M | $156.9M | $136.9M |
| 2013 | $58.2M | $4.7M | $27.5M | $151.5M | $130.4M |
| 2012 | $55.5M | $1.3M | $4M | $116.3M | $96.2M |
| 2011 | $3.1M | $1.1M | $2.4M | $54.6M | $44.7M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| Vice President, Real Estat |
| 40 |
| $292.4K |
| $0 |
| $11.7K |
| $304.1K |
| William Eager | Senior Vp, Chicago | 40 | $267.5K | $0 | $33K | $300.6K |
| Sevara Davis | Senior Vp, COO | 40 | $272K | $0 | $20.7K | $292.7K |
Dena Xifaras
Senior Vp, Ownership & Op.
$336.5K
Hrs/Wk
40
Compensation
$300.4K
Related Orgs
$0
Other
$36.2K
Cory Mian
Senior Vp, Development
$310.8K
Hrs/Wk
40
Compensation
$298.9K
Related Orgs
$0
Other
$11.9K
Maia Shanklin-Roberts
Vice President, Real Estat
$304.1K
Hrs/Wk
40
Compensation
$292.4K
Related Orgs
$0
Other
$11.7K
William Eager
Senior Vp, Chicago
$300.6K
Hrs/Wk
40
Compensation
$267.5K
Related Orgs
$0
Other
$33K
Sevara Davis
Senior Vp, COO
$292.7K
Hrs/Wk
40
Compensation
$272K
Related Orgs
$0
Other
$20.7K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Ramon Jacobson | Director | 1 | $6,000 | $0 | $0 | $6,000 |
| Reyna Spencer-Gurlly | Director | 1 | $4,500 | $0 | $0 | $4,500 |
| Robin Faith Bachin | Director | 1 | $1,500 | $0 | $0 | $1,500 |
| William Towns | Director | 1 | $6,000 | $0 | $0 | $6,000 |
| Yongmei Chen | Director | 1 | $0 | $0 | $0 | $0 |
Joe Flatley
Director
$5,000
Hrs/Wk
1
Compensation
$5,000
Related Orgs
$0
Other
$0
Mark Snyderman
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Printice Gary
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ramon Jacobson
Director
$6,000
Hrs/Wk
1
Compensation
$6,000
Related Orgs
$0
Other
$0
Reyna Spencer-Gurlly
Director
$4,500
Hrs/Wk
1
Compensation
$4,500
Related Orgs
$0
Other
$0
Robin Faith Bachin
Director
$1,500
Hrs/Wk
1
Compensation
$1,500
Related Orgs
$0
Other
$0
William Towns
Director
$6,000
Hrs/Wk
1
Compensation
$6,000
Related Orgs
$0
Other
$0
Yongmei Chen
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0