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Nonprofit · EIN 26-4374725

OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES

Tax-exempt (reinstated) · OAKLAND, CA 94612

Financials

$43.4M$33.7M2022$37.1M$35M2023$39.9M$43.7M2024
Revenue Expenses · by fiscal year end
Financials of OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$39,938,569$43,742,229-$3,803,660$164,976,147$34,455,910$130,520,237
June 30, 2024990$37,056,185$35,019,548$2,036,637$148,059,520$13,735,623$134,323,897
June 30, 2023990$43,401,210$33,712,073$9,689,137$141,821,820$9,534,560$132,287,260
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$38,480,647
Investment income
$1,415,258
Net gain from sales of assets
-$2,225,687
Other revenue
$42,664

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$5,615,053
Program services (functional)
$41,327,734
Management and general (functional)
$2,414,495

Balance sheet and other

Total assets, start of year
$148,059,520
Total assets, end of year
$164,976,147
Total liabilities, end of year
$34,455,910
Net assets, end of year
$130,520,237
Land, buildings and equipment
$32,647,287
Net assets without donor restrictions
$18,265,571
Net assets with donor restrictions
$112,254,666
Gross receipts
$42,164,256
Employees
0
Volunteers
2
Year formed
2009
State of legal domicile
CA

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
PATRICIA WELLSSECRETARY
Officer
2$0$303,592
ANNE GRIFFITHPRESIDENT
Officer
2$0$0
MARK TORTORICHVICE PRESIDENT
Officer
2$0$0
990 for the year ended June 30, 2024: 3 people
NameTitleHours / weekCompensationFrom related orgs
PATRICIA WELLSSECRETARY
Officer
2$0$303,592
ANNE GRIFFITHPRESIDENT
Officer
2$0$0
MARK TORTORICHVICE PRESIDENT
Officer
2$0$0
990 for the year ended June 30, 2023: 3 people
NameTitleHours / weekCompensationFrom related orgs
PATRICIA WELLSSECRETARY
Officer
2$0$303,592
ANNE GRIFFITHPRESIDENT
Officer
2$0$0
MARK TORTORICHVICE PRESIDENT
Officer
2$0$0

Address and contacts

Address (IRS master file)
1619 HARRISON ST, OAKLAND, CA 94612-3307
In care of
% JON GRESLEY
Principal officer (990 for 2024)
PATRICIA WELLS, 1619 HARRISON STREET, OAKLAND, CA 94612
Signed the 990
PATRICIA WELLS, EXECUTIVE DIRECTOR
Phone
(510) 874-1513
Return prepared by
MACIAS GINI & O'CONNELL LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 26-4374725 or by the name OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO (1) ACQUIRE, DEVELOP, LEASE, FINANCE, REHABILITATE, OWN AND OPERATE DECENT, SAFE AND SANITARY HOUSING AFFORDABLE TO PERSONS AND HOUSEHOLDS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS; (2) LESSEN THE BURDENS OF GOVERNMENT BY ACQUIRING LEASEHOLD OR FEE INTERESTS IN HOUSING FOR LOW INCOME PERSONS AND HOUSEHOLDS THAT WAS PREVIOUSLY OWNED BY THE OAKLAND HOUSING AUTHORITY (OHA) AS LOW INCOME PUBLIC HOUSING AND CONTINUING TO OPERATE IT AS HOUSING FOR LOW INCOME HOUSEHOLDS; (3) PROMOTE SOCIAL WELFARE THROUGH ACTIVITIES RELATED TO THE DEVELOPMENT OF HOUSING FOR LOW INCOME PERSONS AND HOUSEHOLDS, AND (4) TO CARRY OUT SUCH OTHER ACTIVITIES AS THE BOARD OF DIRECTORS DETERMINES WILL BENEFIT AND SUPPORT THE ORGANIZATION.

990 for the year ended June 30, 2025

Program accomplishments

  • PROVISION OF LOW INCOME HOUSING.
    Expenses $41,327,734 · revenue $38,523,311

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
26-4374725
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2014
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$164,976,147
Income (IRS master file)
$42,164,256

Revocation and reinstatement

Exemption revoked
November 15, 2012
Posted by the IRS
February 11, 2013
Reinstated
Effective November 15, 2012

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$39,938,569$43,742,229$164,976,147IRS
990June 2024$37,056,185$35,019,548$148,059,520IRS
990June 2023$43,401,210$33,712,073$141,821,820XML
990June 2022$39,471,657$29,261,396$137,710,124IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

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 26-4374725).

Questions about OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES

What is the EIN of OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES?
The employer identification number (EIN) of OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES is 26-4374725.
Is OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2012 and reinstated it effective November 15, 2012.
Are donations to OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES 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 OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES?
The 990 for the year ended June 30, 2025 names PATRICIA WELLS.
Who are the officers and directors of OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES?
The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does OAKLAND AFFORDABLE HOUSING PRESERVATION INITIATIVES have?
On its 990 for the year ended June 30, 2025 it reported revenue of $39,938,569, expenses of $43,742,229 and total assets of $164,976,147 at year end.

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