POAH NMTC2 TITLE HOLDING CORPORATION CO PRESERVATION OF AFFORDABLE HOUSING INC

EIN: 475446326 Community Improvement

BOSTON, MA

Total Revenue
$299,104
Total Expenses
$522,200
Total Assets
$10,004,856
Net Assets
$-1,723,647
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IL
Principal Officer
ALLISON ADDUCI
Phone
6174490870
Tax Period
2023-01-01 to 2023-12-31

POAH NMTC2 TITLE HOLDING CORPORATION CO PRESERVATION OF AFFORDABLE HOUSING INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $299K in total revenue in fiscal year 2023. Expenses of $522K exceeded revenue, resulting in a 75% operating deficit.

Mission

THE ENTITY WILL BE OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF HOLDING TITLE TO OR A LEASEHOLD INTEREST IN A RENTAL PROPERTY (THE "PROPERTY"), COLLECTING INCOME FROM THE PROPERTY, AND TURNING OVER THE ENTIRE AMOUNT OF SUCH INCOME, LESS EXPENSES TO PRESERVATION OF AFFORDABLE HOUSING, INC. ("POAH"), AN ORGANIZATION EXEMPT FROM TAXATION UNDER SECTION 501(C)(3). THE CORPORATION'S BUSINESS OBJECTIVES INCLUDES CONTINUING TO QUALIFY AS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS UNDER SECTION 45D OF THE INTERNAL REVENUE CODE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $299,104
Investment Income $0
Other Revenue $0
TOTAL REVENUE $299,104

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $522,200
TOTAL EXPENSES $522,200

Year-over-Year Comparison

2023 2022 Change
Revenue $299,104 $299,104 N/A
Expenses $522,200 $602,244 -0.1%
Net Income $-223,096 $-303,140 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
N/A

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
2
$875,622
Total Directors
5
$875,622
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON GORNSTEIN DIRECTOR/PRESIDENT 0.10
Officer Director
$0 $28,959 $524,530
ALLISON ADDUCI DIRECTOR/TREASURER/SECRETARY 0.10
Officer Director
$0 $12,377 $351,092
GEORGIA MURRAY DIRECTOR 0.10
Director
$0 $0 $0
JENNY NETZER DIRECTOR 0.10
Director
$0 $0 $0
WILLIAM TOWNS DIRECTOR 0.10
Director
$0 $0 $0
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 No data No data No data No data
2023 $299,104 $522,200 $10,004,856 $-223,096
2022 $299,104 $602,244 $10,147,937 $-303,140
2021 $299,104 $601,912 $10,431,695 $-302,808
2020 $299,104 $608,980 $10,723,471 $-309,876
2019 $299,104 $581,122 $11,031,665 $-282,018
2018 $299,104 $544,530 $11,356,392 $-245,426
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