BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
THE ENTITY WILL LEASE COMPLETED PROJECT(S) TO POAH OR ITS WHOLLY OWNED SUBSIDIARY AS THE "MASTER TENANT" FOR USE AS A MIXED USE DEVELOPMENT CONSISTING OF RESIDENTIAL RENTAL APARTMENTS AND GROUND...
THE ENTITY WILL LEASE COMPLETED PROJECT(S) TO POAH OR ITS WHOLLY OWNED SUBSIDIARY AS THE "MASTER TENANT" FOR USE AS A MIXED USE DEVELOPMENT CONSISTING OF RESIDENTIAL RENTAL APARTMENTS AND GROUND FLOOR RETAIL, WHICH IS INTENDED TO BE A LEASE TO A DAYCARE CENTER THAT WILL PROVIDE DAY CARE SERVICES AT RATES AFFORDABLE TO LOW-INCOME PERSONS.CURRENTLY, THE "PROPERTY" CONSISTS OF 24 RESIDENTIAL UNITS AND APPROXIMATELY 6,800 SQUARE FEET OF COMMERCIAL SPACE, IS LOCATED IN CHICAGO, ILLINOIS, AND OPERATES UNDER THE NAME OF TRIANON LOFTS APARTMENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare POAH NMTC2 TITLE HOLDING CORPORATION CO PRESERVATION OF AFFORDABLE HOUSING INC with other nonprofits in Massachusetts and across the country.