2012-11-14T12:55:52-06:00 2011-12-31 REZNICK GROUP PC ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2011-01-01 311616634 PRESERVATION OF AFFORDABLE HOUSINGINC % LAURA VENNARD PRES 6172619898 40 COURT STREET SUITE 700 BOSTON MA 02108 AMY ANTHONY 2012-11-14 true LEONARD J BERKOWITZ 6176481400 2011 2016-02-24 21:20:13Z X 3148722 false X WWW.POAH.ORG X 1998 IL PRESERVATION OF AFFORDABLE HOUSING, INC. WAS FORMED TO PRESERVE AND CREATE AFFORDABLE HOUSING FOR PERSONS IN NEED OF SUCH HOUSING. 6 6 0 0 200365 1145052 8355491 877366 820101 1126304 0 0 9375957 3148722 0 0 0 0 0 0 0 0 77621 1648798 2375640 1648798 2375640 7727159 773082 50704604 54591639 6752155 9866108 43952449 44725531 PRESERVATION OF AFFORDABLE HOUSING, INC. WAS FORMED TO PRESERVE AND CREATE AFFORDABLE HOUSING FOR PERSONS IN NEED OF SUCH HOUSING. false false 1860471 0 877366 Preservation of Affordable Houisng, Inc. ("POAH") is dedicated to the long term preservation, creation, ownership and operation of existing affordable housing properties. At December 31, 2011 POAH, or its related organizations owned and operated 6,958 units of decent, safe and affordable housing for low income persons and families. 1860471 true true false false false false false false false true false true true true false false true false false false false false false false false false false false true false false false false false false false true false false false false true true true false false false true 64 0 true 0 false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true true true true true IL MA X LAURA VENNARD 6172619898 40 COURT STREET BOSTON MA 02108 X KATHERINE HADLEY 1.0 X 1000 0 0 REESE FAYDE 1.0 X 2000 0 0 HERBERT MORSE 10.0 X 3500 0 0 GEORGE LATIMER 1.0 X 2500 0 0 MARK GOLDHABER 1.0 X 0 0 0 GEORGIA MURRAY 10.0 X 3500 0 0 Amy Anthony 10.0 X 22136 165014 0 W Bart Lloyd 10.0 X 15600 507707 0 Laura vennard 10.0 X 27479 420548 0 kathy carpenter 10.0 X 10844 157488 0 LEE FELGAR 1.0 X 0 262382 0 PATRICIA BELDEN 10.0 X 4735 481063 0 RODGER BROWN 10.0 X 0 442709 0 TOM DAVIS 10.0 X 50951 109784 0 Jeanne Taylor 1.0 X 0 181393 0 ROCHELLE BEEKS 1.0 X 0 212175 0 ALEXA DAILEY 10.0 X 1211 231518 0 MARIANA ROBAINA 1.0 X 0 133199 0 LAURI BROWN 1.0 X 0 121675 0 MICHAEL DONOVAN 1.0 X 0 122237 0 DENA XIFARAS 10.0 X 2158 128988 0 147614 3677880 0 0 false true false HOUSING INVESTMENT INC 40 COURT STREET SUITE 600 BOSTON MA 02108 CONSULTING SERVICES 1105175 Faegre and Benson LTD 2200 Wells Fargo Center 90 South 7 MINNEAPOLIS MN 55402 LEGAL SERVICES 173946 2 582845 562207 1145052 INCOME FROM PARTNERSHIPS AND LLC'S 531390 733749 733749 STATE TAX CREDIT PROCEEDS 531390 142500 142500 MISCELLANEOUS REVENUE 531390 1117 1117 877366 1126304 1126304 0 0 0 0 0 0 0 3148722 877366 1126304 0 0 0 0 0 0 0 0 0 0 0 193485 193485 74320 74320 0 0 0 0 0 52533 48078 4455 0 0 0 40510 40510 0 1952 1952 240096 240096 0 1477 1477 40087 40087 CHARITABLE CONTRIBUTIONS 4398 4398 TAXES 28639 27495 1144 MISCELLANEOUS EXP 93876 92218 1658 CONSULTING 576642 506278 70364 1027625 1027625 2375640 1860471 437548 77621 486821 1135205 1816211 1959252 196482 0 443020 481310 0 0 0 0 23794985 30512773 0 0 26287 28898 161639 161639 0 0 0 0 13013906 13038193 10000 23523 10916892 7412485 50704604 54591639 259394 303481 0 0 0 0 0 0 0 0 0 0 5325269 7537052 0 0 1167492 2025575 6752155 9866108 X 43732753 44047179 219696 678352 0 0 43952449 44725531 50704604 54591639 773082 X false true true X false X false false false 508463 186250 58297 200365 1145052 2098427 6180095 15149728 3728026 8355491 877366 34290706 6688558 15335978 3786323 8555856 2022418 36389133 36389133 444533 866164 772433 820101 1126304 4029535 444533 866164 772433 820101 1126304 4029535 7133091 16202142 4558756 9375957 3148722 40418668 0.90031 0.92023 0.09970 0.07977 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 161639 161639 POAH LLC INVESTMENT 1951389 C INVESTMENT IN PARTNERSHIPS 11086804 C 13038193 PREDEVELOPMENT COSTS- REIMBURS 6537146 DUE RELATED ORGANIZATIONS 340250 OTHER RECEIVABLES 535089 7412485 0 DUE TO RELATED ORGANIZATIONS 1412440 ACCRUED INTEREST 40751 ACCRUED EXPENSES 100000 OPERATING LOSS LOAN PAYABLE 181414 DEVELOPMENT COSTS PAYABLE 290970 2025575 RECONCILIATION TO FINANCIAL STATEMENTS PART XI NO SEPERATE AUDIT, CONSOLIDATED AUDIT FILED. X false true X X X X X false false true false false false false true false Amy Anthony 22136 165014 0 0 0 0 0 0 0 0 22136 165014 0 0 W Bart Lloyd 15600 207033 0 300674 0 0 0 0 0 0 15600 507707 0 0 Laura vennard 27479 130796 0 289752 0 0 0 0 0 0 27479 420548 0 0 kathy carpenter 10844 88800 0 68688 0 0 0 0 0 0 10844 157488 0 0 LEE FELGAR 0 198436 0 63946 0 0 0 0 0 0 0 262382 0 0 PATRICIA BELDEN 4735 175389 0 305674 0 0 0 0 0 0 4735 481063 0 0 ALEXA DAILEY 1211 125986 0 105532 0 0 0 0 0 0 1211 231518 0 0 RODGER BROWN 0 173879 0 268830 0 0 0 0 0 0 0 442709 0 0 TOM DAVIS 50951 84784 0 25000 0 0 0 0 0 0 50951 109784 0 0 Jeanne Taylor 0 138589 0 42804 0 0 0 0 0 0 0 181393 0 0 ROCHELLE BEEKS 0 169376 0 42799 0 0 0 0 0 0 0 212175 0 0 PART I AND PART II, COLUMN (C) The following persons participate in an incentive based compensation plan MAINTAINED BY A RELATED ORGANIZATION. NO COMPENSATION WAS PAID UNDER THE PLAN IN 2011. W. Bart Lloyd Patricia Belden Kathy Carpenter Laura Vennard Rodger Brown Alexa Dailey PART I QUESTION 7: BONUS PAYMENTS ARE INCLUDED IN SCHEDULE J. part II POAH AND ITS RELATED ORGANIZATION, POAH LLC, HAVE CONSULTING SERVICES CONTRACTS WITH HOUSING INVESTMENTS INC. ("HII") HII is reimburseD for the efforts of these employees and their compensation is listed in Part II as if the compensation were PAID directLY to the employee by POAH Inc or POAH LLC. PART I, QUESTION 1A & 1B ONE FIRST CLASS TRIP FROM BOSTON TO CHICAGO WAS TAKEN BY A BOARD MEMBER WHEN, DUE TO SCHEDULING NO OTHER FLIGHTS OR SEATS WERE AVAILABLE. POAH DOES NOT ORDINARILY AUTHORIZE FIRST CLASS TRAVEL. Housing investments inc officer holds interest 1105193 performance of services Housing investments inc officer holds interest joint venture part Iv line 2 the filing organization is a member of an llc of which housing investmentS iNC. is a member. GOVERNANCE part vi SECTION A QUESTION 3 Preservation of Affordable Housing Inc's Board of Directors sets policy for the organization, approves acquisitions, joint ventures, approves annual budgets and appoints officers of the organization. The organization and its related organization, Preservation of Affordable Housing LLC, conducts its day to day business through a consulting services Agreement with Housing Investments, Inc. GOVERNANCE part vi section B question 11 APPROVAL OF THE 990 WAS ASSIGNED TO THE AUDIT COMMITTEE BY THE BOARD MEMBERS. the audit committee reviewed, discussed and approved the 990 for filing. A copy of the 990 prepared for filing was given to each board member prior to filing. GOVERNANCE part vi SECTION B QUESTION 12 BOARD MEMBERS, OFFICERS, AND STAFF ARE COVERED by A CONFLICT OF INTEREST POLICY. THE CHAIR AND PRESIDENT MONITOR TRANSACTIONS FOR POTENTIAL CONFLICTS AND EXPECT OTHERS ACTING ON BEHALF OF POAH TO DO THE SAME. ANY POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED BY THE BOARD, WHICH ENFORCES THE POLICY. THE BOARD VOTES ON ANY CONFLICTS AND ON THE ORGANIZATION'S MAJOR EXPENDITURES AFTER DISCUSSION, WITHOUT THE PARTICIPATION OF ANY CONFLICTED PARTY. GOVERNANCE part vi SECTION B QUESTION 15 COMPENSATION FIGURES FOR THE president, KEY EMPLOYEES, AND EMPLOYEES OF HOUSING INVESTMENTS, INC. (WHICH PROVIDES STAFFING TO POAH ON A CONSULTING BASIS) WERE PRESENTED TO A COMMITTEE OF THE BOARD FOR REVIEW AND APPROVAL. GOVERNANCE part vi SECTION B QUESTION 16 POAH HAs WRITTEN POLICIES IMPOSING ON THE MANAGERS OF ANY JOINT VENTURE A DUTY TO PROMOTE THE CHARITABLE PURPOSES OF POAH, WHICH DUTY OVERRIDES ANY DUTY TO OPERATE THE JOINT VENTURE FOR THE FINANCIAL BENEFIT OF ITS MEMBERS. POAH ALSO HAD OPERATING PROCEDURES REQUIRING THAT ANY JOINT VENTURE BE OPERATED CONSISTENT WITH THE ORGANIZATION'S EXEMPT STATUS AND PRACTICES WHICH ENSURED REVIEW BY THE BOARD OF ALL JOINT VENTURES TO ENSURE COMPLIANCE WITH THE POLICIES AND PROCEDURES. GOVERNANCE part vi SECTION C QUESTION 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. COMPENSATION OF OFFICERS, DIRECTORS, EMPLOYEES PART VII POAH AND ITS RELATED ORGANIZATION, POAH LLC, HAVE CONSULTING SERVICES CONTRACTS WITH HOUSING INVESTEMTNS INC. ("HII") HII is reimbursed, directly for the efforts of these employees and their compensation is listed in Part VII as if the compensation were direct to the employee by POAH Inc or POAH LLC. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Amy Anthony TITLE:PRESIDENT HOURS:30 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:W Bart Lloyd TITLE:vice presdient HOURS:30 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Laura vennard TITLE:treasurer HOURS:30 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:kathy carpenter TITLE:secretary HOURS:30 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:LEE FELGAR TITLE:president of PHM LLC HOURS:39 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:PATRICIA BELDEN TITLE:manager of development HOURS:30 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:RODGER BROWN TITLE:development advisor HOURS:30 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:TOM DAVIS TITLE:MANAGER STRATEGIC OPERATIONS HOURS:30 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Jeanne Taylor TITLE:CFO of PHM LLC HOURS:39 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ROCHELLE BEEKS TITLE:COO OF PHM LLC HOURS:39 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ALEXA DAILEY TITLE:manager of assets HOURS:30 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:MARIANA ROBAINA TITLE:REGIONAL SUPERVISOR PHM HOURS:39 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:LAURI BROWN TITLE:DIRECTOR OF policy PHM HOURS:39 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:MICHAEL DONOVAN TITLE:DIRECTOR OF MAINTENANCE PHM HOURS:39 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:DENA XIFARAS TITLE:ASSET MANAGEMENT HOURS:30 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:RESIDENT SERVICES TOTAL EXPENSES:197972 PROGRAM SERVICES:197972 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:PROPERTY EXPENSES TOTAL EXPENSES:34096 PROGRAM SERVICES:34096 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:MISC. DEVELOPMENT EXPENSE TOTAL EXPENSES:48730 PROGRAM SERVICES:48730 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:CONTRIBUTION OF SRVC INCOME TOTAL EXPENSES:604357 PROGRAM SERVICES:604357 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:DEVELOPMENT EXPENSE TOTAL EXPENSES:142470 PROGRAM SERVICES:142470 POAH CHERRY HILL LLC 40 COURT STREET BOSTON MA 02108 202971274 AFFORDBLE HSG RI -53907 3476028 POAH INC POAH TORRINGFORD WEST LLC 40 COURT STREET BOSTON MA 02108 203716805 AFFORDBLE HSG CT 144417 3905964 POAH INC POAH FIELDSTONE APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 113796175 AFFORDBLE HSG RI 19962 3683309 POAH INC POAH CENTRAL ANNEX LLC 40 COURT STREET BOSTON MA 02108 830479245 AFFORDBLE HSG MA 67000 4248778 POAH INC POAH SUGAR RIVER LLC 40 COURT STREET BOSTON MA 02108 711011553 AFFORDBLE HSG NH 7 113834 POAH INC RIVERVIEW RESIDENCES DOVER LLC 40 COURT STREET BOSTON MA 02108 300470515 AFFORDBLE HSG NH 36093 1592364 POAH INC POAH CUTLER MANOR LLC 40 COURT STREET BOSTON MA 02108 261845026 AFFORDBLE HSG FL -84833 15703836 POAH INC POAH CUTLER MEADOWS LLC 40 COURT STREET BOSTON MA 02108 261845150 AFFORDBLE HSG FL 28587 13535998 POAH INC POAH MIDDLETOWNE APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 261847715 AFFORDBLE HSG FL -101772 6478474 POAH INC POAH GROVE PARC APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 262930050 AFFORDBLE HSG IL 63507 2275947 POAH INC POAH HILLSIDE APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 204261855 AFFORDBLE HSG RI -8 -61 POAH INC POAH POCASSET APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 204261981 AFFORDBLE HSG RI -33 1067720 POAH INC POAH HILLCREST APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 760835595 AFFORDBLE HSG RI -16 -94 POAH INC POAH CAMPBELL ARMS LLC 40 COURT STREET BOSTON MA 02108 261848397 AFFORDBLE HSG FL 273917 5419994 POAH INC POAH NEW HORIZONS LLC 40 COURT STREET BOSTON MA 02108 261848319 AFFORDBLE HSG FL -3 600651 POAH INC SSAH LLC 40 Court Street Boston MA 02108 371560562 AFFORDBLE HSG MA -110181 7249385 POAH INC POAH Brandy Hill LLC 40 Court Streetb Boston MA 02108 271170307 AFFORDBLE HSG MA 21371 8871982 POAH INC POAH NSP Chicago LLC 40 Court Street Boston MA 02108 800526061 AFFORDBLE HSG IL -128378 12390021 POAH INC BR SUGAR RIVER LLC 40 COURT STREET SUITE 700 BOSTON MA 02108 412231680 AFFORDBLE HSG NH 0 41233 POAH INC POAH LLC 40 COURT STREET BOSTON MA 02108 043577340 DEVELOP AFF. 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