PRESERVATION OF AFFORDABLE HOUSING INC (EIN 311616634) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

ALLISON ADDUCI

Phone

6172619898

Tax Period

2024-01-01 to 2024-12-31

PRESERVATION OF AFFORDABLE HOUSING INC, founded in 1998, is a major nonprofit in the Housing & Shelter sector that reported $136.7M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $118.6M left a modest 13% surplus.

Mission

PRESERVATION OF AFFORDABLE HOUSING, INC. (POAH) WAS FORMED TO PRESERVE AND CREATE AFFORDABLE HOUSING FOR PERSONS IN NEED OF SUCH HOUSING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,063,643

Program Service Revenue $109,150,831

Investment Income $12,425,079

Other Revenue $43,059

TOTAL REVENUE $136,682,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,114,319

Fundraising Expenses $635,709

Program Expenses $112,624,102

Other Expenses $59,472,164

TOTAL EXPENSES $118,586,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,682,612	$145,471,919	-0.1%
Expenses	$118,586,483	$112,661,144	+0.1%
Net Income	$18,096,129	$32,810,775	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

804

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,221,580

Total Directors

$35,000

Key Employees

$1,252,114

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANA GELABERT-SANCHEZ	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
DORIANE MILLER	DIRECTOR	1.00	Director	$6,000	$0	$6,000
ELIZABETH A BLUME	DIRECTOR	1.00	Director	$6,000	$0	$6,000
JENNY NETZER	DIRECTOR, CHAIR	1.00	Officer Director	$0	$0	$0
JOE FLATLEY	DIRECTOR	1.00	Director	$5,000	$0	$5,000
MARK SNYDERMAN	DIRECTOR	1.00	Director	$0	$0	$0
PRINTICE GARY	DIRECTOR	1.00	Director	$0	$0	$0
RAMON JACOBSON	DIRECTOR	1.00	Director	$6,000	$0	$6,000
REYNA SPENCER-GURLLY	DIRECTOR	1.00	Director	$4,500	$0	$4,500
ROBIN FAITH BACHIN	DIRECTOR	1.00	Director	$1,500	$0	$1,500
WILLIAM TOWNS	DIRECTOR	1.00	Director	$6,000	$0	$6,000
YONGMEI CHEN	DIRECTOR	1.00	Director	$0	$0	$0
AARON GORNSTEIN	PRESIDENT & CEO	40.00	Officer	$520,792	$30,476	$551,268
ALLISON ADDUCI	TREASURER, MANAGING DIRECT	40.00	Officer	$363,703	$13,656	$377,359
ANDREW SPOFFORD	SECRETARY, CHIEF OF STAFF	40.00	Officer	$280,772	$12,181	$292,953
JUDITH JACOBSON	MGR DIR, GENERAL COUNSEL	32.00	Key Emp	$330,033	$11,968	$342,001
ROCHELLE BEEKS	PRESIDENT OF POAHC	40.00	Key Emp	$439,363	$24,578	$463,941
RODGER BROWN	MANAGING DIR., REAL ESTATE	40.00	Key Emp	$413,071	$33,101	$446,172
CORY MIAN	SENIOR VP, DEVELOPMENT	40.00	Highest	$298,890	$11,948	$310,838
DENA XIFARAS	SENIOR VP, OWNERSHIP & OP.	40.00	Highest	$300,390	$36,154	$336,544
MAIA SHANKLIN-ROBERTS	VICE PRESIDENT, REAL ESTAT	40.00	Highest	$292,442	$11,693	$304,135
SEVARA DAVIS	SENIOR VP, COO	40.00	Highest	$271,997	$20,683	$292,680
WILLIAM EAGER	SENIOR VP, CHICAGO	40.00	Highest	$267,548	$33,028	$300,576

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$136,682,612	$118,586,483	$1,146,519,846	$18,096,129
2023	$145,471,919	$112,661,144	$870,222,383	$32,810,775
2022	$148,472,316	$104,649,164	$668,508,423	$43,823,152
2021	$179,190,346	$108,485,924	$607,140,967	$70,704,422
2020	$79,483,292	$79,535,205	$426,409,904	$-51,913
2019	$78,311,476	$65,418,348	$388,035,997	$12,893,128
2018	$68,336,137	$58,698,616	$300,565,196	$9,637,521

PRESERVATION OF AFFORDABLE HOUSING INC