Preservation of Affordable Housing
Preservation of Affordable Housing reported $136.7 million in revenue and $118.6 million in expenses for calendar year 2024. Of every $100 it spent, $94.97 went to program services, $4.49 to management and general costs and $0.54 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 79.9% of the total. Government grants made up 9.4%. The highest compensation it reported for one person was $551,268 (PRESIDENT & CEO). 94 people received more than $100,000 in reportable compensation. Revenue rose 75% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $119MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $137MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.0% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 11.0% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 9.4% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 79.9% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $551,268 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.46% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 94 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 37.9 | 10.0 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expensePoah is dedicated to the long term preservation, creation, ownership and operation of Affordable Housing properties. At december 31, 2024 poah, or its related organizations owned and operated 13,627 units of decent, safe and Affordable Housing for low income persons and families
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $520,792 | $0 | $30,476 | $551,268 |
| PRESIDENT OF POAHC Key employee, 40.00 hrs/week | $439,363 | $0 | $24,578 | $463,941 |
| MANAGING DIR., REAL ESTATE Key employee, 40.00 hrs/week | $413,071 | $0 | $33,101 | $446,172 |
| TREASURER, MANAGING DIRECT Officer, 40.00 hrs/week | $363,703 | $0 | $13,656 | $377,359 |
| MGR DIR, GENERAL COUNSEL Key employee, 32.00 hrs/week | $330,033 | $0 | $11,968 | $342,001 |
| SENIOR VP, OWNERSHIP & OP. Highest compensated employee, 40.00 hrs/week | $300,390 | $0 | $36,154 | $336,544 |
| SENIOR VP, DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $298,890 | $0 | $11,948 | $310,838 |
| VICE PRESIDENT, REAL ESTAT Highest compensated employee, 40.00 hrs/week | $292,442 | $0 | $11,693 | $304,135 |
94 people received more than $100,000 in reportable compensation from Preservation of Affordable Housing (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.5M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5804
- Volunteers Part I, line 611
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| HAYNES SECURITY SERVICES INC Security agency & alarm | $633,560 |
| COMPASS WORKING CAPITAL Fss program adminstrator | $498,313 |
| ANSER ADVISORY CONSULTING LLC Cleck of the works | $312,494 |
| COHN REZNICK Accounting services | $294,496 |
| WAYPOINTKLA INC Cleck of the works | $251,156 |
Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Preservation of Affordable Housing totaling $330K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Preservation of Affordable Housing's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Preservation of Affordable Housing, you can publish a response that is linked from this page.
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Of every $100 Preservation of Affordable Housing spent in 2024, $94.97 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Unlimited DevelopmentGalesburg, IL · revenue $136M · programs 95.7% · FY2025
- Help USA Inc. and AffiliatesNew York, NY · revenue $141M · programs 89.4% · FY2025
- Low Income Investment FundSan Francisco, CA · revenue $123M · programs 78.0% · FY2025
- Florida Pace CentersMiami, FL · revenue $142M · programs 83.0% · FY2025
- Gene B Glick Family Housing FoundationIndianapolis, IN · revenue $122M · programs 98.2% · 2025
All housing & shelter charities · Largest charities in Massachusetts
Questions people ask
How much of Preservation of Affordable Housing's spending goes to programs?
In calendar year 2024, Preservation of Affordable Housing reported that 95.0% of its $118.6 million in expenses went to program services, 4.5% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does Preservation of Affordable Housing pay its top executive?
The largest total compensation Preservation of Affordable Housing reported for one person in calendar year 2024 was $551,268, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Preservation of Affordable Housing get its money?
Of $136.7 million in revenue in calendar year 2024, 11.0% came from contributions and grants (including 9.4% from government grants) and 79.9% from program service revenue (Form 990, Part VIII).
Is Preservation of Affordable Housing a registered charity?
The IRS lists EIN 31-1616634 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503199349301425 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413209349301631 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349301121 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213189349317341 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133169349306468 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023179349303012 · read the filing
All filings for EIN 31-1616634: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.