Nonprofit · EIN 47-5446326
POAH NMTC2 TITLE HOLDING CORPORATION
Tax-exempt (reinstated) · BOSTON, MA 02109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $337,504 | $544,126 | -$206,622 | $10,037,058 | $11,967,327 | -$1,930,269 |
| December 31, 2023 | 990 | $299,104 | $522,200 | -$223,096 | $10,004,856 | $11,728,503 | -$1,723,647 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $337,504
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $293,560
Balance sheet and other
- Total assets, start of year
- $10,004,856
- Total assets, end of year
- $10,037,058
- Total liabilities, end of year
- $11,967,327
- Net assets, end of year
- -$1,930,269
- Land, buildings and equipment
- $9,097,390
- Net assets without donor restrictions
- -$1,930,269
- Gross receipts
- $337,504
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- IL
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AARON GORNSTEIN | DIRECTOR/PRESIDENT Trustee or director, Officer | 0.1 | $0 | $520,792 | $30,476 |
| ALLISON ADDUCI | DIRECTOR/TREASURER/SECRETA Trustee or director, Officer | 0.1 | $0 | $363,703 | $13,656 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AARON GORNSTEIN | DIRECTOR/PRESIDENT Trustee or director, Officer | 0.1 | $0 | $495,571 | $28,959 |
| ALLISON ADDUCI | DIRECTOR/TREASURER/SECRETARY Trustee or director, Officer | 0.1 | $0 | $338,715 | $12,377 |
| GEORGIA MURRAY | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JENNY NETZER | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| WILLIAM TOWNS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 OLIVER ST STE 500, BOSTON, MA 02109-4937
- In care of
- % PRESERVATION OF AFFORDABLE HOUSIN
- Principal officer (990 for 2024)
- ALLISON ADDUCI, 2 OLIVER STREET SUITE 500, BOSTON, MA 02109
- Signed the 990
- ALLISON ADDUCI, MANAGING DIRECTOR, CFO
- Phone
- (617) 449-0870
- Website
- WWW.POAH.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
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.
Program accomplishments
- 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.
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
- 47-5446326
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $10,037,058
- Income (IRS master file)
- $337,504
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- August 13, 2018
- Reinstated
- Effective May 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $337,504 | $544,126 | $10,037,058 | XML |
| 990 | December 2023 | $299,104 | $522,200 | $10,004,856 | XML |
| 990 | December 2022 | $299,104 | $602,244 | $10,147,937 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 47-5446326).
Questions about POAH NMTC2 TITLE HOLDING CORPORATION
- What is the EIN of POAH NMTC2 TITLE HOLDING CORPORATION?
- The employer identification number (EIN) of POAH NMTC2 TITLE HOLDING CORPORATION is 47-5446326.
- Is POAH NMTC2 TITLE HOLDING CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2018.
- Are donations to POAH NMTC2 TITLE HOLDING CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does POAH NMTC2 TITLE HOLDING CORPORATION 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 POAH NMTC2 TITLE HOLDING CORPORATION 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 POAH NMTC2 TITLE HOLDING CORPORATION 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 POAH NMTC2 TITLE HOLDING CORPORATION?
- The 990 for the year ended December 31, 2024 names ALLISON ADDUCI.
- Who are the officers and directors of POAH NMTC2 TITLE HOLDING CORPORATION?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does POAH NMTC2 TITLE HOLDING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $337,504, expenses of $544,126 and total assets of $10,037,058 at year end.
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All nonprofits in BOSTON · Massachusetts · Community improvement and capacity building