2011-11-12T11:57:41-05:00 2010-12-31 REZNICK GROUP PC 260 FRANKLIN STREET SUITE 710 BOSTON MA 02110 990 2010-01-01 311616634 PRESERVATION OF AFFORDABLE HOUSINGINC PRES 6172619898 40 COURT STREET SUITE 650 BOSTON MA 02108 LAURA VENNARD 2011-09-13 LEONARD J BERKOWITZ 6176481400 2010 2016-03-07 17:11:31Z 9375957 false X WWW.POAH.ORG X 2001 IL PRESERVATION OF AFFORDABLE HOUSING, INC. WAS CREATED TO PRESERVE AFFORDABLE HOUSING FOR PERSONS IN NEED OF SUCH HOUSING. 7 7 0 0 58297 200365 3728026 8355491 772433 820101 0 0 4558756 9375957 0 0 0 0 0 0 0 0 47031 1906847 1648798 1906847 1648798 2651909 7727159 44602892 50704604 8377602 6752155 36225290 43952449 PRESERVATION OF AFFORDABLE HOUSING, INC. WAS CREATED TO PRESERVE AFFORDABLE HOUSING FOR PERSONS IN NEED OF SUCH HOUSING. false false 1310925 0 8355491 Preservation of Affordable Houisng, Inc. ("POAH") is dedicated to the long term preservation, ownership and operation of existing affordable housing properties. At December 31, 2009 POAH, or its related organizations owned and operated 6,470 units of decent, safe and affordable housing for low income persons and families. 1310925 true true false false false false false false false false 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 false false false false true 51 0 true 0 false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true true true true IL X LAURA VENNARD 6172619898 40 COURT STREET BOSTON MA 02108 X KATHERINE HADLEY 1.0 X 4500 0 0 REESE FAYDE 1.0 X 7000 0 0 HERBERT MORSE 1.0 X 9000 0 0 GEORGE LATIMER 1.0 X 6000 0 0 DAVID STANLEY 1.0 X 6000 0 0 MARK GOLDHABER 1.0 X 0 0 0 GEORGIA MURRAY 1.0 X 7000 0 0 Amy Anthony 10.0 X 26395 161865 0 W Bart Lloyd 10.0 X 13689 271332 0 Laura vennard 10.0 X 40596 212802 0 kathy carpenter 10.0 X 15604 111309 0 LEE FELGAR 1.0 X 0 313928 0 PATRICIA BELDEN 10.0 X 7732 240586 0 ALEXA DAILEY 10.0 X 1968 160140 0 RODGER BROWN 10.0 X 8842 234926 0 TOM DAVIS 10.0 X 31102 111711 0 Jeanne Taylor 1.0 X 0 169580 0 LEW BERK 10.0 X 13344 86556 0 MARIANA ROBAINA 1.0 X 0 126326 0 ROCHELLE BEEKS 1.0 X 0 191381 0 LAURI BROWN 1.0 X 0 114885 0 MICHAEL DONOVAN 1.0 X 0 114455 0 JOANNE BARBOUR 30.0 X 102013 7000 0 JULIE KLUMP 5.0 X 946 126006 0 TERI POWELL RANDS 1.0 X 0 137190 0 EDEN HURD 40.0 X 103194 0 0 DANIEL BURKE 10.0 X 5696 164119 0 410621 3056097 0 2 true true false HOUSING INVESTMENT INC 40 COURT STREET SUITE 600 BOSTON MA 02108 CONSULTING SERVICES 847843 Faegre and Benson LTD 2200 Wells Fargo Center 90 South 7 MINNEAPOLIS MN 55402 LEGAL SERVICES 108607 2 16569 183796 200365 INCOME FROM PARTNERSHIPS AND LLC'S 531390 1942991 1942991 STATE TAX CREDIT PROCEEDS 531390 6412500 6412500 8355491 820101 820101 0 0 0 0 0 0 0 9375957 8355491 820101 0 0 0 0 0 0 0 0 0 0 0 108739 108739 95825 95825 0 0 0 0 0 46744 46744 0 0 0 55279 55279 0 1155 1155 200134 200134 0 10745 10745 34988 34988 CHARITABLE CONTRIBUTIONS 30000 30000 TAXES 2120 2120 MISCELLANEOUS EXP 36259 36259 CONSULTING 358378 311347 47031 RESIDENT SERVICES 208818 208818 459614 459614 1648798 1310925 290842 47031 796763 486821 912577 1816211 163202 196482 229832 443020 23459113 23794985 23612 26287 161639 161639 12131748 13013906 10745 10000 6875300 10916892 44602892 50704604 180125 259394 6961749 5325269 1235728 1167492 8377602 6752155 X 36225290 43732753 0 219696 36225290 43952449 44602892 50704604 7727159 X false true true X false X false false false 305784 508463 186250 58297 200365 1259159 1494982 6180095 15149728 3728026 8355491 34908322 1800766 6688558 15335978 3786323 8555856 36167481 36167481 231750 444533 866164 772433 820101 3134981 231750 444533 866164 772433 820101 3134981 2032516 7133091 16202142 4558756 9375957 39302462 0.92023 0.92681 0.07977 0.07319 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 161639 161639 POAH LLC INVESTMENT 2204161 C INVESTMENT IN PARTNERSHIPS 10809745 C 13013906 PREDEVELOPMENT COSTS- REIMBURS 4192089 DUE RELATED ORGANIZATIONS 197833 TAX CREDIT PROCEEDS A/R 6412500 OTHER RECEIVABLES 114470 10916892 0 DUE TO RELATED ORGANIZATIIONS 848246 ACCRUED INTEREST 35332 ACCRUED EXPENSES 102500 OPERATING LOSS LOAN PAYABLE 181414 1167492 RECONCILIATION TO FINANCIAL STATEMENTS PART XI NO SEPERATE AUDIT, CONSOLIDATED AUDIT FILED. X X X false false true false false false false false false Amy Anthony 26395 161865 0 0 0 0 0 0 0 0 26395 161865 0 0 W Bart Lloyd 13689 165139 0 106193 0 0 0 0 0 0 13689 271332 0 0 Laura vennard 40596 110797 0 102005 0 0 0 0 0 0 40596 212802 0 0 LEE FELGAR 0 184999 0 83202 0 45727 0 0 0 0 0 313928 0 0 PATRICIA BELDEN 7732 134393 0 106193 0 0 0 0 0 0 7732 240586 0 0 ALEXA DAILEY 1968 122013 0 38127 0 0 0 0 0 0 1968 160140 0 0 RODGER BROWN 8842 139109 0 95817 0 0 0 0 0 0 8842 234926 0 0 Jeanne Taylor 0 158375 0 11205 0 0 0 0 0 0 0 169580 0 0 DANIEL BURKE 5696 146119 0 18000 0 0 0 0 0 0 5696 164119 0 0 ROCHELLE BEEKS 0 167179 0 24202 0 0 0 0 0 0 0 191381 0 0 equity based compensation agreement question 4c The following persons participate in an incentive based compensation plan. W. Bart Lloyd Patrciia Belden Kathy Carpenter Laura Vennard Rodger Brown Alexa Dailey Bonus payments under the plan are listed schedule J, part II. Amy Anthony 100%-HII, 50% POAH LLC 847843 performance of services false 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 apporved the 990 for filing. A copy of the 990 prepared for filing, and an opportunity to comment, was given to each board member prior to filing. GOVERNANCE part vi SECTION B QUESTION 12 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 Employees of Housing Investments, which has consulting services contracts with the Organization and its Related Company, work for Preservation of Affordable Housing Inc and its Related Company. 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:ALEXA DAILEY TITLE:manager of assets 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:LEW BERK TITLE:project manager 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:ROCHELLE BEEKS TITLE:COO OF PHM LLC HOURS:39 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:LAURI BROWN TITLE:DIRECTOR OF TRAINING 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:JOANNE BARBOUR TITLE:DIRECTOR RESIDENT SERVICES HOURS:10 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JULIE KLUMP TITLE:DIRECTOR CONSTRUCTION MGMT HOURS:35 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:TERI POWELL RANDS TITLE:REGIONAL SUPERVISOR PHM HOURS:39 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:DANIEL BURKE TITLE:PROJECT MANAGER HOURS:30 POAH CHERRY HILL LLC 40 COURT STREET BOSTON MA 02108 202971274 AFFORDBLE HSG RI 4159 3607407 POAH INC POAH TORRINGFORD WEST LLC 40 COURT STREET BOSTON MA 02108 203716805 AFFORDBLE HSG CT 125733 3907733 POAH INC POAH FIELDSTONE APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 113796175 AFFORDBLE HSG RI 20000 3663309 POAH INC POAH CENTRAL ANNEX LLC 40 COURT STREET BOSTON MA 02108 830479245 AFFORDBLE HSG MA 39127 4296462 POAH INC BR SUGAR RIVER LP 40 COURT STREET BOSTON MA 02108 412231680 AFFORDBLE HSG NH 84882 8373028 POAH INC RIVERVIEW RESIDENCES DOVER LLC 40 COURT STREET BOSTON MA 02108 300470515 AFFORDBLE HSG NH 12485 1581535 POAH INC POAH CUTLER MANOR LLC 40 COURT STREET BOSTON MA 02108 261845026 AFFORDBLE HSG FL 165830 16137877 POAH INC POAH CUTLER MEADOWS LLC 40 COURT STREET BOSTON MA 02108 261845150 AFFORDBLE HSG FL 30623 14028260 POAH INC POAH MIDDLETOWNE APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 261847715 AFFORDBLE HSG FL -112287 6709412 POAH INC POAH GROVE PARC APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 262930050 AFFORDBLE HSG IL 610446 2104470 POAH INC UNITED FRONT NINE LP 40 COURT STREET BOSTON MA 02108 262198918 AFFORDBLE HSG MA -494753 29951583 POAH INC POAH HILLSIDE APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 204261855 AFFORDBLE HSG RI -10 -53 POAH INC POAH POCASSET APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 204261981 AFFORDBLE HSG RI -40 1067753 POAH INC POAH HILLCREST APARTMENTS LLC 40 COURT STREET BOSTON MA 02108 760835595 AFFORDBLE HSG RI -25 -78 POAH INC POAH CAMPBELL ARMS LLC 40 COURT STREET BOSTON MA 02108 261848397 AFFORDBLE HSG FL 195207 2672389 POAH INC POAH NEW HORIZONS LLC 40 COURT STREET BOSTON MA 02108 261848319 AFFORDBLE HSG FL 7662 3772718 POAH INC united front nine llc 40 court street boston MA 02108 263221289 AFFORDBLE HSG MA -49 2195 poah inc SSAH LLC 40 Court Street Boston MA 02108 371560562 AFFORDBLE HSG MA 354 1179691 POAH INC POAH Brandy Hill LLC 40 Court Streetb Boston MA 02108 271170307 AFFORDBLE HSG MA 172731 9066083 POAH INC POAH NSP Chicago LLC 40 Court Street Boston MA 02108 800526061 AFFORDBLE HSG IL 4394231 POAH INC New Horizons Preservation Associates LL 40 Court Street Boston MA 02108 264804216 AFFORDBLE HSG MA -22558 907984 POAH INC POAH LLC 40 COURT STREET BOSTON MA 02108 043577340 DEVELOP AFF. 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