Nonprofit · EIN 20-3708317
PRESERVATION HOUSING PARTNERS
Tax-exempt · BLOOMFLD HLS, MI 48304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,213,822 | $4,031,056 | $2,182,766 | $22,996,642 | $10,405,465 | $12,591,177 |
| December 31, 2023 | 990 | $3,176,591 | $3,463,364 | -$286,773 | $17,320,379 | $9,624,440 | $7,695,939 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,606,037
- of which government grants
- $3,606,037
- Program service revenue
- $2,282,687
- Investment income
- $230,705
- Net gain from sales of assets
- -$29,503
- Other revenue
- $94,393
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $736,092
- Salaries, compensation and benefits (total)
- $790,589
- Professional fundraising fees
- $0
- Legal fees
- $3,655
- Accounting fees
- $85,339
- Occupancy
- $1,761,769
- Travel
- $5,392
- Depreciation
- $333,161
- Program services (functional)
- $2,633,644
- Management and general (functional)
- $1,397,412
Balance sheet and other
- Total assets, start of year
- $17,320,379
- Total assets, end of year
- $22,996,642
- Total liabilities, end of year
- $10,405,465
- Net assets, end of year
- $12,591,177
- Land, buildings and equipment
- $11,946,651
- Net assets without donor restrictions
- $12,591,177
- Gross receipts
- $6,243,325
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2005
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT S DIEDRICH | PRESIDENT Trustee or director, Officer | 40 | $340,000 |
| MICHAEL S DIEDRICH | TREASURER Officer | 40 | $170,000 |
| ROBERT G DIEDRICH | ASSET MANAGER Highest-paid employee | 40 | $139,000 |
| STEPHEN BUFFA | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| MICHAEL MULLIGAN | SECRETARY Trustee or director, Officer | 0.2 | $0 |
| MICHAEL JEPSEN | DIRECTOR Trustee or director | 0.2 | $0 |
| DANIEL ANGELI | DIRECTOR Trustee or director | 0.2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT S DIEDRICH | PRESIDENT Trustee or director, Officer | 40 | $340,000 |
| MICHAEL S DIEDRICH | TREASURER Officer | 40 | $170,000 |
| ROBERT G DIEDRICH | ASSET MANAGER Highest-paid employee | 40 | $139,000 |
| STEPHEN BUFFA | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| MICHAEL MULLIGAN | SECRETARY Trustee or director, Officer | 0.2 | $0 |
| MICHAEL JEPSEN | DIRECTOR Trustee or director | 0.2 | $0 |
| DANIEL ANGELI | DIRECTOR Trustee or director | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 5184 IRON GATE RD, BLOOMFLD HLS, MI 48304-3738
- In care of
- % MICHAEL DIEDRICH
- Mailing address (990-N for 2009)
- 5184 Iron Gate, Bloomfield Hills MI 48304
- Principal officer (990 for 2024)
- ROBERT S DIEDRICH, 5184 IRON GATE, BLOOMFIELD HILLS, MI 48304
- Principal officer (990-N for 2009)
- Robert S Diedrich, 5184 Iron Gate, Bloomfield Hills MI 48304
- Signed the 990
- MICHAEL DIEDRICH, TREASURER
- Phone
- (248) 933-8560
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
Mission
TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW THROUGH MODERATE INCOME TENANTS.
Program accomplishments
- THE CORPORATION WAS FORMED ON OCTOBER 24, 2005 UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE CORPORATION IS TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW, AND MODERATE INCOME TENANTS. IN ADDITION, THE CORPORATION INVESTED IN TWO AFFORDABLE HOUSING COMMUNITIES WHOSE PROPERTY ALSO QUALIFIED FOR HISTORIC REHABILITATION TAX CREDITS IN ACCORDANCE WITH SECTION 47 OF THE IRC.AS OF DECEMBER 31, 2024, THE CORPORATION HAS A 100% OWNERSHIP INTEREST IN EIGHT ENTITIES THAT OWN AND OPERATE AFFORDABLE HOUSING COMMUNITIES. FURTHER DETAILS ON ENTITIES OWNED: - PHP FOX HAVEN LLC ("FOX HAVEN") OWNS A 48 UNIT APARTMENT COMMUNITY LOCATED IN RALEIGH, NORTH CAROLINA OPERATING AS FOX HAVEN APARTMENTS.- PHP HERITAGE HOUSE LIMITED PARTNERSHIP ("HERITAGE HOUSE") OWNS AN 80 UNIT APARTMENT COMMUNITY LOCATED IN LEWISBURG, PENNSYLVANIA OPERATING AS HERITAGE HOUSE APARTMENTS.- PHP LEWIS VILLAGE LLC ("LEWIS VILLAGE") OWNS A 37 UNIT APARTMENT COMMUNITY LOCATED IN ELIZABETHTOWN, NORTH CAROLINA OPERATING AS LEWIS VILLAGE APARTMENTS.- PHP NORTHWOODS LLC ("NORTHWOODS") OWNS A 50 UNIT APARTMENT COMPLEX LOCATED IN BURGAW, NORTH CAROLINA OPERATING AS NORTHWOODS APARTMENTS.- PHP ST. ANDREW'S HOMES LLC ("ST. ANDREW'S") OWNS A 34 UNIT APARTMENT COMPLEX LOCATED IN CHARLOTTE, NORTH CAROLINA OPERATING AS ST. ANDREW'S HOMES APARTMENTS.- PHP WALNUT WOODS LLC ("WALNUT WOODS") OWNS A 36 UNIT APARTMENT COMPLEX LOCATED IN RALEIGH, NORTH CAROLINA OPERATING AS WALNUT WOODS APARTMENTS.- PHP SPRING BROOK MANOR LLC ("SPRING BROOK MANOR") OWNS A 30 UNIT APARTMENT COMPLEX LOCATED IN EATON RAPIDS, MICHIGAN OPERATING AS SPRING BROOK MANOR APARTMENTS. -PHP SURREY HILL LP ("SURREY HILL") OWNS A 70 UNIT APARTMENT COMPLEX LOCATED IN UNIONTOWN, PENNSYLVANIA OPERATING AS SURREY HILL APARTMENTS.Expenses $2,633,644 · revenue $2,253,184
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3708317
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $22,996,642
- Income (IRS master file)
- $6,243,325
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,213,822 | $4,031,056 | $22,996,642 | IRS |
| 990 | December 2023 | $3,176,591 | $3,463,364 | $17,320,379 | XML |
| 990 | December 2022 | $2,883,171 | $3,114,772 | $17,662,133 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2009 Officer: Robert S Diedrich | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3708317).
Questions about PRESERVATION HOUSING PARTNERS
- What is the EIN of PRESERVATION HOUSING PARTNERS?
- The employer identification number (EIN) of PRESERVATION HOUSING PARTNERS is 20-3708317.
- Is PRESERVATION HOUSING PARTNERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to PRESERVATION HOUSING PARTNERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRESERVATION HOUSING PARTNERS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRESERVATION HOUSING PARTNERS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRESERVATION HOUSING PARTNERS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRESERVATION HOUSING PARTNERS?
- The 990 for the year ended December 31, 2024 names ROBERT S DIEDRICH.
- Who are the officers and directors of PRESERVATION HOUSING PARTNERS?
- The 990 for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $340,000 (ROBERT S DIEDRICH, PRESIDENT).
- How much revenue does PRESERVATION HOUSING PARTNERS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,213,822, expenses of $4,031,056 and total assets of $22,996,642 at year end.
Other nonprofits in BLOOMFLD HLS
- UNITED HOME OWNER ASSOCIATION OF BLOOMFIELD TOWNSHIP INC EIN 38-2136360 · last filed 990-N for 2025
- CHAPEL HILL ESTATES ASSN EIN 38-6089266 · last filed 990-N for 2024
- WILLIAM DAVIDSON FOUNDATION EIN 20-3899187 · last filed 990-PF for 2024
- INTERNATIONAL UNION OF OPERATING EIN 38-0679790 · last filed 990 for 2025
- DETROIT BELLE ISLE GRAND PRIX INC EIN 20-5885762 · last filed 990 for 2024
- ROEPER CITY & COUNTRY SCHOOL INC EIN 38-1561062 · last filed 990 for 2025
- FRESH AIR SOCIETY EIN 38-1360545 · last filed 990 for 2025
- PENSKE FOUNDATION INC EIN 27-4648290 · last filed 990-PF for 2025
All nonprofits in BLOOMFLD HLS · Michigan · Housing and shelter