TY 2021 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(1) ESTELLE RICHMAN...................................................................... DIRECTOR	1.00 ................. 0.10	X			5,500	0
(2) GEORGIA MURRAY...................................................................... DIRECTOR	1.00 ................. 0.20	X			0	0
(3) MARK GOLDHABER...................................................................... DIRECTOR	1.00 ................. 0.30	X			0	0
(4) MARK SNYDERMAN...................................................................... DIRECTOR	1.00 ................. 0.10	X			0	0
(5) PRINTICE GARY...................................................................... DIRECTOR	1.00 ................. 0.10	X			0	0
(6) TOBIN LEVY...................................................................... DIRECTOR	1.00 ................. 0.20	X			5,500	0
(7) WILLIAM TOWNS...................................................................... DIRECTOR	1.00 ................. 0.20	X			5,500	0
(8) DORIANE MILLER...................................................................... DIRECTOR	1.00 ................. 0.10	X			2,500	0
(9) ANA GELABERT-SANCHEZ...................................................................... DIRECTOR	1.00 ................. 0.10	X			5,500	0
(10) ELIZABETH A BLUME...................................................................... DIRECTOR	1.00 ................. 0.10	X			5,500	0
(11) JENNY NETZER...................................................................... DIRECTOR	1.00 ................. 0.10	X			0	0
(12) AARON GORNSTEIN...................................................................... PRESIDENT & CEO	40.00 ................. 0.40		X		452,700	29,363
(13) ANDREW SPOFFORD...................................................................... SECRETARY, CHIEF OF STAFF	40.00 ................. 0.20		X		243,587	10,364
(14) RANDY PARKER...................................................................... TREASURER, MGR DIR & CFO	40.00 ................. 0.40		X		337,169	24,720
(15) JUDITH JACOBSON...................................................................... MGR DIR, GENERAL COUNSEL	32.00 .................			X	288,298	10,592
(16) ROCHELLE BEEKS...................................................................... PRESIDENT OF POAHC	40.00 .................			X	386,067	29,570
(17) RODGER BROWN...................................................................... MANAGING DIR., REAL ESTATE	40.00 .................			X	349,829	25,730

(A) Name and business address	(B) Description of services	(C) Compensation
BAKER TILLY VIRCHOW KRAUSE LLP P O BOX 7398 MADISON,WI53707	CONSULTING SERVICES	400,000
KARL SCHLACHTER III 524 PESCADO DRIVE ST AUGUSTINE,FL32095	CONSULTING SERVICES	280,000
COMPASS WORKING CAPITAL PO BOX 51609 BOSTON,MA02205	FSS PROGRAM ADMIN	272,807
J&J CARPET & GENERAL SERVICES INC 20851 JOHNSON STREET 114 PEMBROKE PINES,FL33029	MAINTENANCE SERVICES	262,007
COHNREZNICK LLP ONE BOSTON PLACE 201 WASHINGTON ST BOSTON,MA02108	ACCOUNTING SERVICES	258,350
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 10

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

PRESERVATION OF AFFORDABLE HOUSING INC

Employer identification number

31-1616634

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2021

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..
6	Public support. Subtract line 5 from line 4.

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10

Gross receipts from related activities, etc. (see instructions) ..................

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2021 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2020 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2021. If the organization did not check the box on line 13, and line 14 is 33 1/3 % or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2020. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2021. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2020. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2021

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .	17,149,673	4,073,313	5,611,604	3,186,893	17,543,972	47,565,455
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose	48,950,937	59,330,903	68,917,132	68,882,218	143,808,998	389,890,188
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5	66,100,610	63,404,216	74,528,736	72,069,111	161,352,970	437,455,643
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons						0
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.						0
c	Add lines 7a and 7b..						0
8	Public support. (Subtract line 7c from line 6.)						437,455,643

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(f) Total
9	Amounts from line 6...	66,100,610	63,404,216	74,528,736	72,069,111	161,352,970	437,455,643
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..	4,210,291	1,950,729	3,403,423	5,604,584	6,337,672	21,506,699
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.	4,210,291	1,950,729	3,403,423	5,604,584	6,337,672	21,506,699
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..	473,305	15,418	7,985	320,709	72,780	890,197
13	Total support. (Add lines 9, 10c, 11, and 12.)..	70,784,206	65,370,363	77,940,144	77,994,404	167,763,422	459,852,539

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2021 (line 8, column (f) divided by line 13, column (f)) .........

95.130 %

Public support percentage from 2020 Schedule A, Part III, line 15 ...............

94.850 %

Section D. Computation of Investment Income Percentage

Investment income percentage for 2021 (line 10c, column (f) divided by line 13, column (f)) ......

4.680 %

Investment income percentage from 2020 Schedule A, Part III, line 17 .............

4.920 %

19a

331/3% support tests—2021. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2020. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2021

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2021

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2021

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2021

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2021 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2021	(iii) Distributable Amount for 2021
1 Distributable amount for 2021 from Section C, line 6
2 Underdistributions, if any, for years prior to 2021 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2021:
a From 2016.......
b From 2017.......
c From 2018.......
d From 2019.......
e From 2020.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2021 distributable amount
i Carryover from 2016 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2021 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2021 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2021, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2021. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2022. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2017.....
b Excess from 2018.....
c Excess from 2019.....
d Excess from 2020.....
e Excess from 2021.....

Schedule A (Form 990) (2021)

Schedule A (Form 990) 2021

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:	MISCELLANEOUS - 2017 AMOUNT: $ 473,305. 2018 AMOUNT: $ 148. 2019 AMOUNT: $ 1,701. 2020 AMOUNT: $ 319,315. 2021 AMOUNT: $ 72,942. COMMUNITY AWARD - 2018 AMOUNT: $ 15,000. FSA INCOME LOSS - 2018 AMOUNT: $ 270. 2019 AMOUNT: $ 6,284. 2020 AMOUNT: $ 1,394. 2021 AMOUNT: $ -162.

Schedule A (Form 990) 2021

Additional Data

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Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Name of the organization

PRESERVATION OF AFFORDABLE HOUSING INC

Employer identification number

31-1616634

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2021)

Schedule B (Form 990) (2021) Page 2

Name of organization PRESERVATION OF AFFORDABLE HOUSING INC

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 3

Name of organization PRESERVATION OF AFFORDABLE HOUSING INC		Employer identification number 31-1616634

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 4


Name of organization PRESERVATION OF AFFORDABLE HOUSING INC			Employer identification number 31-1616634
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2021)

Additional Data

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SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

SchCMd Bullet

Complete if the organization is described below. SchCMd Bullet

Attach to Form 990 or Form 990-EZ.
SchCMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

PRESERVATION OF AFFORDABLE HOUSING INC

Employer identification number

31-1616634

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

Political campaign activity expenditures. See instructions .................................................................... SchCMd Bullet

Volunteer hours for political campaign activities. See instructions ..................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ SchCMd Bullet

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... SchCMd Bullet

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ SchCMd Bullet

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b........... SchCMd Bullet

Did the filing organization file Form 1120-POL for this year? ...................................................................

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

For Paperwork Reduction Act Notice, see the instructions for Form 990.

Cat. No. 50084S

Schedule C (Form 990) 2021

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check SchCMd Bullet

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................
d	Other exempt purpose expenditures ...............................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................	Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

Schedule C (Form 990) 2021

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes|No

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? ...........................................................................................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Yes

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Yes

16,688

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Total. Add lines 1c through 1i ....................................................................................................

16,688

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."

Dues, assessments and similar amounts from members ......................................................................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................

Taxable amount of lobbying and political expenditures. See Instructions .........................................

Part IV

Supplemental Information

Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation
PART II-B LINE 1B AND 1G:	IN 2020 POAH STAFF OUTREACHED APPROXIMATELY 50 TIMES WITH CONGRESSIONAL STAFF, AND HAD DIRECT CONTACT WITH 7 MEMBERS OF CONGRESS.

Schedule C (Form 990) 2021

Additional Data

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Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

PRESERVATION OF AFFORDABLE HOUSING INC

Employer identification number

31-1616634

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2021

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	30,832,242		30,832,242
b	Buildings ....	194,038,919	29,085,826	164,953,093
c	Leasehold improvements	905,049	158,465	746,584
d	Equipment ....	495,667		495,667
e	Other .....	60,139,858		60,139,858
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				257,167,444

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value
(1)RESTRICTED RESERVES				20,046,245
(2)PREDEVELOPMENT COSTS REIMBURSABLE				11,132,191
(3)SECURITY DEPOSITS				879,890
(4)OTHER ASSETS				130,445
(5)DUE FROM AFFILIATES				10,941
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				32,199,712

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	36,730,822
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2021

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference

Explanation

PART X, LINE 2:

POAH IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020. NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS FOR POAH LLC, POAHC LLC AND THE ENTITIES CONTROLLED BY POAH OR AN AFFILIATE SINCE THE LIMITED LIABILITY COMPANIES ARE EITHER DISREGARDED ENTITIES OF POAH AND THUS POAH IS TREATED FOR TAX PURPOSES AS HAVING EARNED ALL OF THE INCOME AND INCURRED ALL OF THE LOSSES DIRECTLY OF THOSE LIMITED LIABILITY COMPANIES, OR THE LIMITED LIABILITIES COMPANIES ARE TREATED AS PARTNERSHIPS AND THUS ALL OF THEIR NET TAXABLE PROFIT OR LOSS IS PASSED THROUGH TO THE PARTNERS, INCLUDING POAH. POAH IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND POAH HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2018 REMAIN OPEN.

PART XI AND PART XII - RECONCILIATION TO FINANCIAL STATEMENTS :

NO SEPARATE AUDIT, CONSOLIDATED AUDIT FILED.

Schedule D (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

PRESERVATION OF AFFORDABLE HOUSING INC

Employer identification number

31-1616634

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2021

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1AARON GORNSTEIN PRESIDENT & CEO	(i) (ii)	337,700 ------------- 0	115,000 ------------- 0	0 ------------- 0	11,600 ------------- 0	17,763 ------------- 0	482,063 ------------- 0	0 ------------- 0
2ROCHELLE BEEKS PRESIDENT OF POAHC	(i) (ii)	306,067 ------------- 0	80,000 ------------- 0	0 ------------- 0	11,600 ------------- 0	17,970 ------------- 0	415,637 ------------- 0	0 ------------- 0
3RODGER BROWN MANAGING DIR., REAL ESTATE	(i) (ii)	279,829 ------------- 0	70,000 ------------- 0	0 ------------- 0	5,054 ------------- 0	20,676 ------------- 0	375,559 ------------- 0	0 ------------- 0
4RANDY PARKER TREASURER, MGR DIR & CFO	(i) (ii)	277,169 ------------- 0	60,000 ------------- 0	0 ------------- 0	10,618 ------------- 0	14,102 ------------- 0	361,889 ------------- 0	0 ------------- 0
5JUDITH JACOBSON MGR DIR, GENERAL COUNSEL	(i) (ii)	238,298 ------------- 0	50,000 ------------- 0	0 ------------- 0	10,028 ------------- 0	564 ------------- 0	298,890 ------------- 0	0 ------------- 0
6DENA XIFARAS SENIOR VP, OWNERSHIP & OP.	(i) (ii)	217,999 ------------- 0	45,000 ------------- 0	0 ------------- 0	10,520 ------------- 0	20,676 ------------- 0	294,195 ------------- 0	0 ------------- 0
7TERRI POWELL-RANDS COO OF POAHC	(i) (ii)	214,292 ------------- 0	35,000 ------------- 0	0 ------------- 0	5,277 ------------- 0	30,578 ------------- 0	285,147 ------------- 0	0 ------------- 0
8JULIE CREAMER SENIOR VP, ACQUISITIONS	(i) (ii)	204,595 ------------- 0	35,000 ------------- 0	0 ------------- 0	9,238 ------------- 0	20,676 ------------- 0	269,509 ------------- 0	0 ------------- 0
9WILLIAM EAGER SENIOR VP, CHICAGO	(i) (ii)	198,636 ------------- 0	30,236 ------------- 0	0 ------------- 0	8,779 ------------- 0	26,754 ------------- 0	264,405 ------------- 0	0 ------------- 0
10CORY MIAN SENIOR VP, DEVELOPMENT	(i) (ii)	217,999 ------------- 0	35,000 ------------- 0	0 ------------- 0	9,750 ------------- 0	0 ------------- 0	262,749 ------------- 0	0 ------------- 0
11ANDREW SPOFFORD SECRETARY, CHIEF OF STAFF	(i) (ii)	208,587 ------------- 0	35,000 ------------- 0	0 ------------- 0	9,409 ------------- 0	955 ------------- 0	253,951 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2021

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
PART 1 QUESTION 7 - DISCRETIONARY BONUSES:	DISCRETIONARY BONUSES ARE AWARDED AND INCLUDED ON PART II COLUMN B (II). THE BOARD OF DIRECTORS, VIA THE COMPENSATION AND TALENT MANAGEMENT COMMITTEE, APPROVES THE BONUSES FOR THE EMPLOYEES LISTED IN FORM 990 PART VII, SECTION A. ALL OTHER BONUSES ARE APPROVED BY THE CEO.

Schedule J (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

PRESERVATION OF AFFORDABLE HOUSING INC

Employer identification number

31-1616634

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	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.
FORM 990, PART VI, SECTION B, LINE 12C	BOARD MEMBERS, OFFICERS AND STAFF ARE COVERED BY CONFLICT OF INTEREST POLICIES. THE PRESIDENT AND CEO AND GENERAL COUNSEL, WITH OVERSIGHT BY THE BOARD'S GOVERNANCE COMMITTEE, MONITOR TRANSACTIONS FOR POTENTIAL CONFLICTS. ANY POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED AND VOTED ON BY THE GOVERNANCE COMMITTEE AND/OR BOARD WITHOUT THE PARTICIPATION OF ANY CONFLICTED PARTY. POAH'S POLICY APPLIES TO ALL DISREGARDED ENTITIES.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION FIGURES FOR THE PRESIDENT AND KEY EMPLOYEES ARE PRESENTED TO A COMMITTEE OF THE BOARD FOR REVIEW AND APPROVAL. INDEPENDENT COMPENSATION STUDIES ARE COMMISSIONED AND REVIEWED PERIODICALLY.
FORM 990, PART VI, SECTION C, LINE 19	THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.
PART VI SECTION B QUESTION 13:	POAH, THE FILING ORGANIZATION, HAS A WRITTEN WHISTLEBLOWER POLICY. POAH'S POLICY APPLIES TO PRESERVATION OF AFFORDABLE HOUSING LLC AND POAH COMMUNITIES, LLC , BOTH DISREGARDED ENTITIES.
PART VI SECTION B QUESTION 14:	POAH, THE FILING ORGANIZATION, HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. POAH'S POLICY APPLIES TO PRESERVATION OF AFFORDABLE HOUSING LLC, A DISREGARDED ENTITY. POAH COMMUNITIES, LLC A DISREGARDED ENTITY OF POAH, ABIDES BY A DOCUMENT RETENTION AND DESTRUCTION POLICY.
FORM 990, PART XI, LINE 9:	CHANGE FOR THE TRANSFER OF EQUITY -5,102,375.
FORM 990, PART XII, LINE 2C:	THE ORGANIZATION'S PROCESSES FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PREVIOUS YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

PRESERVATION OF AFFORDABLE HOUSING INC

Employer identification number

31-1616634

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) POAH CHERRY HILL LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 20-2971274	AFFORDABLE HOUSING	RI			POAH INC
(2) POAH FIELDSTONE APARTMENTS LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 11-3796175	AFFORDABLE HOUSING	RI	20,000	3,883,609	POAH INC
(3) POAH CUTLER MANOR LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 26-1845026	AFFORDABLE HOUSING	FL	3,200,882	13,229,551	POAH INC
(4) POAH CUTLER MEADOWS LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 26-1845150	AFFORDABLE HOUSING	FL	3,004,282	14,539,460	POAH INC
(5) POAH MIDDLETOWNE APARTMENTS LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 26-1847715	AFFORDABLE HOUSING	FL	1,169,948	6,502,827	POAH INC
(6) POAH GROVE PARC APARTMENTS LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 26-2930050	AFFORDABLE HOUSING	IL	-29,777	91,982	POAH INC
(7) POAH HILLSIDE APARTMENTS LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 20-4261855	AFFORDABLE HOUSING	RI	-4	-9,404	POAH INC
(8) POAH POCASSET APARTMENTS LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 20-4261981	AFFORDABLE HOUSING	RI	-32	1,067,342	POAH INC
(9) POAH CAMPBELL ARMS LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 26-1848397	AFFORDABLE HOUSING	FL	1,857,181	4,633,949	POAH INC
(10) POAH HILLCREST APARTMENTS LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 76-0835595	AFFORDABLE HOUSING	RI	-10	-13,918	POAH INC
(11) POAH NSP CHICAGO LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 80-0526061	AFFORDABLE HOUSING	IL	602,907	1,841,375	POAH INC
(12) POAH VENTURES LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 46-3081410	AFFORDABLE HOUSING	MA	1	13,243	POAH INC
(13) POAH TRINITY EAST LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 45-5474291	AFFORDABLE HOUSING	FL	0	42,445	POAH INC
(14) POAH TRINITY WEST LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 45-5451937	AFFORDABLE HOUSING	FL	0	0	POAH INC
(15) TRINITY TOWERS SOUTH PRESERVATION ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 45-3787825	AFFORDABLE HOUSING	FL	0	0	POAH INC
(16) COLONY PLAZA ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 36-4306225	AFFORDABLE HOUSING	MO	1,203,440	3,556,469	POAH INC
(17) COUNTRY CLUB VILLAGE ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 36-4306224	AFFORDABLE HOUSING	MO	696,789	2,679,365	POAH INC
(18) POAH AARON BRIGGS LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 47-2876816	AFFORDABLE HOUSING	RI	0	0	POAH INC
(19) DEERFIELD VILLAGE ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 36-4306222	AFFORDABLE HOUSING	MO	425,717	725,503	POAH INC
(20) POAH COMMUNITIES LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 30-0063929	AFFORDABLE HOUSING	MO	29,666,295	7,637,191	POAH INC
(21) PRESERVATION OF AFFORDABLE HOUSING LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 04-3577340	AFFORDABLE HOUSING	MA	106,063,439	235,740,588	POAH INC
(22) HIGHLAND MEADOWS ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 36-4306218	AFFORDABLE HOUSING	MO	327,081	634,703	POAH INC
(23) GLENWOOD MANOR ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 36-4306228	AFFORDABLE HOUSING	MO	1,002,312	2,432,716	POAH INC
(24) POAH LANDOWNER LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 82-3815793	AFFORDABLE HOUSING	MA	299,122	10,991,788	POAH INC
(25) POAH WOODLAWN STATION MASTER TENANT LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 83-3019416	MIXED USE HOUSING	IL	217,952	857,076	POAH INC
(26) KERPER DEVELOPMENT LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 31-1469356	AFFORDABLE HOUSING	OH	293,080	490,767	POAH INC
(27) BLACKLICK APARTMENTS LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 82-2097172	AFFORDABLE HOUSING	OH	1,975,673	12,285,459	POAH INC
(28) CORCORAN PRESERVATION ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 83-2786776	AFFORDABLE HOUSING	IL	1,163,391	6,998,173	POAH INC
(29) ELGIN MANOR PRESERVATION ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 83-2681103	AFFORDABLE HOUSING	IL	351,575	363,153	POAH INC
(30) ELGIN SCHOOLHOUSE PRESERVATION ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 83-2738688	AFFORDABLE HOUSING	IL	358,934	2,440,517	POAH INC
(31) POAH SOUTH SUBURBAN Y HOLD LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 83-1095676	AFFORDABLE HOUSING	IL	2,146,382	11,507,508	POAH INC
(32) POAH ROSELAND EAST 110TH PLACE HOLD LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 83-2651584	AFFORDABLE HOUSING	IL	3,364,068	1,319,654	POAH INC
(33) POAH WASHINGTON PARK INDIANA AVENUE HOLD LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 83-2670697	AFFORDABLE HOUSING	IL	4,065,785	1,579,079	POAH INC
(34) POAH HARVEY EAST 151ST STREET HOLD LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 83-2639504	AFFORDABLE HOUSING	IL	879,128	8,843,904	POAH INC
(35) POAH HARVEY WEST 151ST STREET HOLD LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 83-2619997	AFFORDABLE HOUSING	IL	879,625	9,220,510	POAH INC
(36) POAH GARDNER TERRACE LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 85-0776869	AFFORDABLE HOUSING	MA	2,250,955	10,955,424	POAH INC
(37) POAH HEBRONVILLE MILL LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 85-0803955	AFFORDABLE HOUSING	MA	991,021	8,493,983	POAH INC
(38) POAH CLIFTON MAGNOLIA LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 84-4191681	AFFORDABLE HOUSING	MA	-5	-13	POAH INC
(39) POAH UPTOWN LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 84-4321808	AFFORDABLE HOUSING	MA	-62	-805	POAH INC
(40) POAH SUNNYSIDE KENMORE LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 84-4303139	AFFORDABLE HOUSING	MA	-281,662	-1,152,726	POAH INC
(41) FARRELL HOUSE PRESERVATION ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 83-4427743	AFFORDABLE HOUSING	IL	49,628	5,057	POAH INC
(42) MATTAPAN SATION 4 LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 84-3943153	AFFORDABLE HOUSING	MA	1,122	35,563,174	POAH INC
(43) MATTAPAN STATION 9 LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 84-4059959	AFFORDABLE HOUSING	MA	264	6,837,339	POAH INC
(44) POAH CUTLER MANOR II LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 85-1891838	AFFORDABLE HOUSING	FL	0	2,066,167	POAH INC
(45) BARRY FARM REDEVELOPMENT ASSOCIATES LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 81-3650459	AFFORDABLE HOUSING	DC	0	7,708,040	POAH INC
(46) BARTLETT LOT D PRESERVATION ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 84-4496591	AFFORDABLE HOUSING	MA	0	5,187,759	POAH INC
(47) BILLINGS FORGE LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 46-3936436	AFFORDABLE HOUSING	CT	0	0	POAH INC
(48) BREWSTER WOODS PRESERVATION ASSOCIATES LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 30-0973802	AFFORDABLE HOUSING	MA	0	6,330,010	POAH INC
(49) COMMUNITY HOUSING PARTNERS VI LP 2 OLIVER ST SUITE 500 BOSTON,MA02109 36-4254888	AFFORDABLE HOUSING	IL	525,630	7,056,824	POAH INC
(50) POAH ISLAND TERRACE LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 86-2050212	AFFORDABLE HOUSING	IL	1,753,951	30,976,797	POAH INC
(51) POAH LEVY HOUSE LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 85-2573787	AFFORDABLE HOUSING	IL	590,502	9,121,948	POAH INC
(52) POAH WASHINGTON PARK LLC 2 OLIVER ST SUITE 500 BOSTON,MA02109 86-3018440	AFFORDABLE HOUSING	OH	58,035	2,517,814	POAH INC

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)FOUNDERS COURT CORPORATION 2 OLIVER ST SUITE 500 BOSTON,MA02019 22-3260199	AFFORDABLE HOUSING	MA	501(C)(3)	LINE 9	POAH INC	Yes
(2)POAH NMTC2 TITLE HOLDING CORPORATION 2 OLIVER ST SUITE 500 BOSTON,MA02109 47-5446326	HOUSING	IL	501(C)(2)		POAH INC	Yes
(3)POAH SUPPORT CORPORATION 2 OLIVER ST SUITE 500 BOSTON,MA02019 47-5438705	HOUSING FINANCING	IL	501(C)(3)	LINE 12A, I	POAH INC	Yes
(4)POAH SUPPORT CORPORATION 2 2 OLIVER ST SUITE 500 BOSTON,MA02019 83-1390421	HOUSING FINANCING	IL	501(C)(3)	LINE 12A, I	POAH INC	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2021

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership
(1) 19 E 110TH PLACE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 86-3672785	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-91	530		No		Yes
(2) 5040 S INDIANA PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 86-3709165	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-78	474		No		Yes
(3) ABIGAIL APARTMENTS LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-1960760	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-480	9,140		No		Yes		0.100 %
(4) ABINGTON RACE AND PLEASANT LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 81-1008145	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-224	5,773		No		Yes		0.040 %
(5) BAYMILLER MANOR LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-1786562	AFFORDABLE HOUSING	OH	POAH INC	RELATED	453,155	2,562,530		No		Yes		100.000 %
(6) BEACHWINDS II PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 85-1093497	AFFORDABLE HOUSING	RI	POAH INC	RELATED	-101	2,855		No		Yes
(7) BEACHWOOD PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-1572664	AFFORDABLE HOUSING	RI	POAH INC	RELATED	2,499,500			No		Yes		100.000 %
(8) BEDFORD VILLAGE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 38-4043953	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-128	2,764		No		Yes		0.010 %
(9) BILLINGS FORGE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 61-1753626	AFFORDABLE HOUSING	CT	POAH INC	RELATED	-49	1,290		No		Yes
(10) BLACKSTONE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-3462277	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-37	4,457		No		Yes
(11) BRANDY HILL PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 81-2452373	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-40	1,481		No		Yes
(12) BRIDLE PATH PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-8333484	AFFORDABLE HOUSING	MA	POAH INC	RELATED	1,143,989	13,732,345		No		Yes		100.000 %
(13) BRISTON ARMS PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-3312175	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-190	4,505		No		Yes
(14) BURNET PLACE LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-2627587	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-254	3,735		No		Yes		0.040 %
(15) CANAL BLUFFS P3 PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 32-0520941	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-24	987		No		Yes
(16) CB RENTAL LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-1378930	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-23,503	513		No		Yes
(17) CENTRAL ANNEX PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 46-2115470	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-14	947		No		Yes
(18) CHERRY BRIGGS PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 61-1771130	AFFORDABLE HOUSING	RI	POAH INC	RELATED	-13	1,469		No		Yes
(19) CHESTNUT GARDENS PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-8333502	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-328,276	8,851,665		No		Yes		100.000 %
(20) CLAY POND PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 27-5008204	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-13	863		No		Yes
(21) COCHECO PARK PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 41-2250252	AFFORDABLE HOUSING	NH	POAH INC	RELATED	9	661		No		Yes		0.010 %
(22) COMMUNITY HOUSING PARTNERS X LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-4645427	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-1,615,756	646		No		Yes
(23) COMMUNITY HOUSING PARTNERS XI LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-4645487	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-172,778	981		No		Yes
(24) COMMUNITY HOUSING PARTNERS XII LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-8398478	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-3,392,021	3,294,908		No		Yes		100.000 %
(25) COMMUNITY HOUSING PARTNERS XV LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-4579148	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-442,168	466		No		Yes
(26) COMMUNITY MANOR LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 31-1367233	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-104,942	1,176,319		No		Yes		100.000 %
(27) COUNTRY CLUB VILLAGE II ASSOCIATES LP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 36-4460378	AFFORDABLE HOUSING	MO	POAH INC	RELATED	-11,368	893,036		No		Yes		100.000 %
(28) CRESTVIEW PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-1669212	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-419,470	7,546,435		No		Yes		100.000 %
(29) CRESTVIEW VILLAGE ASSOCIATES - I LP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 36-4460376	AFFORDABLE HOUSING	MO	POAH INC	RELATED	52,484	1,634,115		No		Yes		100.000 %
(30) CROMWELL PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 27-1731081	AFFORDABLE HOUSING	MA	POAH INC	RELATED	12	1,390		No		Yes		0.010 %
(31) DENNIS COMMUNITY HOUSING PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 61-1723300	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-24	706		No		Yes
(32) DOM NARODOWY POLSKI PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-4446369	AFFORDABLE HOUSING	MA	POAH INC	RELATED	45,620	3,898,098		No		Yes		100.000 %
(33) DRIFTWOOD PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-2295568	AFFORDABLE HOUSING	RI	POAH INC	RELATED	-191,369	376		No		Yes		0.010 %
(34) EASTGATE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-8333465	AFFORDABLE HOUSING	MA	POAH INC	RELATED	1,465,657	12,755,575		No		Yes		100.000 %
(35) FAIRVIEW ESTATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-1565215	AFFORDABLE HOUSING	OH	POAH INC	RELATED	911,235	2,155,983		No		Yes		100.000 %
(36) FAIRWEATHER PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-8333522	AFFORDABLE HOUSING	MA	POAH INC	RELATED	8,622,540	29,061,210		No		Yes		100.000 %
(37) FARRELL HOUSE PRESERVATION ASSOCIATES I LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 85-2992419	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-29	1,057		No		Yes		0.010 %
(38) FIELDSTONE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 56-2634319	AFFORDABLE HOUSING	RI	POAH INC	RELATED	-886,617	601		No		Yes		0.010 %
(39) FOUNDERS COURT PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-4023576	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-10	576		No		Yes		0.010 %
(40) FRANKLIN PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-3462612	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-48	4,927		No		Yes
(41) GARFIELD HILLS PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-3736901	AFFORDABLE HOUSING	DC	POAH INC	RELATED	-616,339	5,607,654		No		Yes		100.000 %
(42) GRACE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 38-3887943	AFFORDABLE HOUSING	RI	POAH INC	RELATED	120,415	1,318		No		Yes		0.010 %
(43) GREENWOOD PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 81-1725089	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-106	1,931		No		Yes		0.010 %
(44) HARBOR CITY TOWERS LLLP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-1512569	AFFORDABLE HOUSING	FL	POAH INC	RELATED	-12	1,632		No		Yes		0.010 %
(45) HAWTHORNE ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 32-0113280	AFFORDABLE HOUSING	MO	POAH INC	RELATED	6,809,326			No		Yes		100.000 %
(46) HAWTHORNE PLACE II PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 84-3070528	AFFORDABLE HOUSING	MO	POAH INC	RELATED	-66	2,357		No		Yes
(47) HERITAGE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-0255065	AFFORDABLE HOUSING	RI	POAH INC	RELATED	-22	2,278		No		Yes		0.010 %
(48) HIGHLAND ACRES ASSOCIATES - I LP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 36-4460375	AFFORDABLE HOUSING	MO	POAH INC	RELATED	45,013	844,520		No		Yes		100.000 %
(49) HILLCREST PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-5377377	AFFORDABLE HOUSING	RI	POAH INC	RELATED	-21	1,335		No		Yes		0.010 %
(50) HILLSIDE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-4262142	AFFORDABLE HOUSING	RI	POAH INC	RELATED	-7	498		No		Yes		0.010 %
(51) HOUSTON PLAZA ASSOCIATES - I LP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 36-4460373	AFFORDABLE HOUSING	MO	POAH INC	RELATED	-36,887	778,045		No		Yes		100.000 %
(52) JBL PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 38-4040518	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-138	1,777		No		Yes		0.010 %
(53) JEFFERSON MAISON EAST LIMITED DIVIDEND HOUSING ASSOCIATION LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 16-1645778	AFFORDABLE HOUSING	MI	POAH INC	RELATED	-57	1,313		No		Yes		0.010 %
(54) KENMORE ABBEY PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-3463078	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-19	5,297		No		Yes
(55) KINGS LANDING PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 35-2432096	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-11	1,355		No		Yes
(56) LAFAYETTE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 36-4791476	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-244,660	1,256		No		Yes		0.010 %
(57) LOSANTIVILLE APARTMENTS LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 90-0824343	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-626	12,221		No		Yes		0.090 %
(58) MAGNOLIA HEIGHTS LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-3172340	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-386	4,075		No		Yes		0.050 %
(59) MAPLEWOOD MANOR ASSOCIATES - I LP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 36-4460372	AFFORDABLE HOUSING	MO	POAH INC	RELATED	7,127	1,707,249		No		Yes		100.000 %
(60) MEADOWBROOK PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-1641007	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-660,592	18,147,079		No		Yes		100.000 %
(61) MONROE ESTATES ASSOCIATES - I LP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 36-4460370	AFFORDABLE HOUSING	MO	POAH INC	RELATED	-16,029	1,932,750		No		Yes		100.000 %
(62) NAVARRE GARRONE LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-5064375	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-296	5,646		No		Yes		0.100 %
(63) NEW HORIZONS PRESERVATION ASSOCIATES LLLP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-4804216	AFFORDABLE HOUSING	FL	POAH INC	RELATED	-27	847		No		Yes		0.010 %
(64) NEW TRINITY TOWERS SOUTH PRESERVATION ASSOCIATES LLLP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 81-1216263	AFFORDABLE HOUSING	FL	POAH INC	RELATED	-9	1,207		No		Yes		0.010 %
(65) NEWBERRY PARK PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 37-1699877	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-74	1,471		No		Yes		0.010 %
(66) NORTH RHINE HEIGHTS LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 27-3109891	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-245	4,227		No		Yes		0.040 %
(67) OAKLAND GRAND HAVEN LIMITED DIVIDEND HOUSING ASSOCIATION LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 16-1645780	AFFORDABLE HOUSING	MI	POAH INC	RELATED	-8	1,050		No		Yes
(68) OLD MIDDLETOWN PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 30-0801813	AFFORDABLE HOUSING	CT	POAH INC	RELATED	-34	1,106		No		Yes		0.010 %
(69) OTR REVITALIZATION LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 30-0042085	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-352	3,661		No		Yes		0.070 %
(70) OXFORD PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 37-1869159	AFFORDABLE HOUSING	RI	POAH INC	RELATED	-85	1,755		No		Yes
(71) PENDLETON ESTATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-0061985	AFFORDABLE HOUSING	OH	POAH INC	RELATED	210,404	3,025,902		No		Yes		100.000 %
(72) PETER'S GROVE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 32-0363883	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-13	969		No		Yes
(73) POAH TRINITY LOAN HOLDING COMPANY LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 81-3524991	AFFORDABLE HOUSING FINANCING	FL	POAH INC	RELATED	156,555	4,553,572		No		Yes		57.210 %
(74) POCASSET PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-4262239	AFFORDABLE HOUSING	RI	POAH INC	RELATED	-420,335	1,158		No		Yes		0.010 %
(75) PRAIRIE PLAINS ASSOCIATES - I LP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 36-4460368	AFFORDABLE HOUSING	MO	POAH INC	RELATED	-68,338	1,069,504		No		Yes		100.000 %
(76) RENAISSANCE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-1956187	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-54	698		No		Yes		0.010 %
(77) RIVERVIEW RESIDENCES DOVER LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 30-0470515	AFFORDABLE HOUSING	NH	POAH INC	RELATED	56,212	1,330,022		No		Yes		100.000 %
(78) ROCK HARBOR PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 30-0712161	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-1	1,241		No		Yes
(79) SALEM HEIGHTS PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 65-1181107	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-1,742,335	531,033		No		Yes		100.000 %
(80) SALEM HEIGHTS II PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 86-1282816	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-32	1,091		No		Yes
(81) SOUTHWINDS PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-0625972	AFFORDABLE HOUSING	RI	POAH INC	RELATED	2,788,570			No		Yes		100.000 %
(82) SOUTH CHICAGO SALUD CENTER PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 84-3286771	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-297	2,076		No		Yes
(83) SSAH LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 37-1560562	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-195,919	2,718,107		No		Yes		99.950 %
(84) SUGAR RIVER PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-8817565	AFFORDABLE HOUSING	NH	POAH INC	RELATED	-9	1,002		No		Yes		0.010 %
(85) TERRAPIN RIDGE LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 84-5125394	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-167	1,125		No		Yes
(86) TERRI MANOR ASSOCIATES LTD 2 OLIVER STREET SUITE 500 BOSTON,MA02109 31-1763983	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-332,884	1,550,132		No		Yes		100.000 %
(87) TORRINGFORD WEST PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 35-2473438	AFFORDABLE HOUSING	CT	POAH INC	RELATED	-8	567		No		Yes
(88) TRIBUNE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 37-1736224	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-12	737		No		Yes
(89) TRINITY TOWERS EAST PRESERVATION ASSOCIATES LLLP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-1835617	AFFORDABLE HOUSING	FL	POAH INC	RELATED	-11	1,599		No		Yes		0.010 %
(90) UNITED FRONT NINE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-3221405	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-124	2,771		No		Yes
(91) VILLAS OF THE VALLEY II LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 27-0624357	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-218	4,178		No		Yes		0.100 %
(92) VILLAS OF THE VALLEY LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-2627884	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-278	5,379		No		Yes		0.100 %
(93) WASHINGTON GARDENS PRESERVATION ASSOCIATES LP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-0129865	AFFORDABLE HOUSING	MD	POAH INC	RELATED	-177,536	7,581,653		No		Yes		100.000 %
(94) WCN PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 27-3438874	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-39	902		No		Yes		0.010 %
(95) WCS PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-4526455	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-66	1,492		No		Yes		0.010 %
(96) WESLEY ESTATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-0061988	AFFORDABLE HOUSING	OH	POAH INC	RELATED	-222,769	928,017		No		Yes		100.000 %
(97) WH MAINSTRASSE I LLLP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-4283241	AFFORDABLE HOUSING	KY	POAH INC	RELATED	-123	3,964		No		Yes		0.040 %
(98) WING SCHOOLHOUSE PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 86-3890376	AFFORDABLE HOUSING	IL	POAH INC	RELATED	1	300		No		Yes		0.010 %
(99) WHITTIER 1A-4 PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 37-1865173	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-87	2,581		No		Yes
(100) WHITTIER 1A-9 PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 37-1868104	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-39	1,394		No		Yes
(101) WHITTIER 2 PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 84-3126312	AFFORDABLE HOUSING	MA	POAH INC	RELATED	-374,586	31,912,728		No		Yes		100.000 %
(102) WOODLAWN ROLL-UP PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 38-4012344	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-204,572	1,739		No		Yes
(103) WOODLAWN STATION PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-4055255	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-78	2,693		No		Yes		0.010 %
(104) WOODLEN PLACE ASSOCIATES LP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-0553849	AFFORDABLE HOUSING	MO	POAH INC	RELATED	-254	1,486,022		No		Yes		100.000 %
(105) WP SENIOR PRESERVATION ASSOCIATES LIMITED PARTNERSHIP 2 OLIVER STREET SUITE 500 BOSTON,MA02109 61-1723894	AFFORDABLE HOUSING	IL	POAH INC	RELATED	-77	2,000		No		Yes		0.010 %
(106) LOSANTIVILLE ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-4343032	AFFORDABLE HOUSING	OH	POAH TMG LLC	RELATED	-626	-1,360,568		No		Yes		99.990 %
(107) NAVARRE GARRONE ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-4372335	AFFORDABLE HOUSING	OH	POAH TMG LLC	RELATED	-296	-575,995		No		Yes		99.980 %
(108) VILLAS OF THE VALLEY ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-2627784	AFFORDABLE HOUSING	OH	POAH TMG LLC	RELATED	-257	-2,344,367		No		Yes		99.990 %
(109) TERRI MANOR LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 31-1763984	AFFORDABLE HOUSING	OH	POAH TMG LLC	RELATED	-111	-409,436		No		Yes		99.980 %
(110) POAH DD SUGAR HILL LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 83-1340160	AFFORDABLE HOUSING	IL	POAH SUPPORT CORPORATION 2	RELATED	-40,699	26,817,225		No		Yes		70.000 %

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) ABIGAIL ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-1651057	AFFORDABLE HOUSING	OH	POAH INC	C		205,843	100.000 %		No
(2) ARP ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 81-0991484	AFFORDABLE HOUSING	OH	POAH INC	C		397,491	100.000 %		No
(3) BAYMILLER ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-1790149	AFFORDABLE HOUSING	OH	POAH INC	C		132,154	100.000 %		No
(4) BILLINGS FORGE GP LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-5550186	AFFORDABLE HOUSING	CT	POAH INC	C			79.000 %		No
(5) BURNET PLACE ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-2627468	AFFORDABLE HOUSING	OH	POAH INC	C		40,721	100.000 %		No
(6) CANAL BLUFFS P3 LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 82-0756388	AFFORDABLE HOUSING	MA	POAH INC	C		286,576	79.000 %		No
(7) CB RENTAL HAC LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-1378896	AFFORDABLE HOUSING	MA	POAH INC	C		200,544	79.000 %		No
(8) CLAY POND RENTAL LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 27-5008032	AFFORDABLE HOUSING	MA	POAH INC	C		133,410	79.000 %		No
(9) COMMUNITY ASSOCIATES OF CINCINNATI LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-0059370	AFFORDABLE HOUSING	OH	POAH INC	C		392,197	100.000 %		No
(10) FAIRVIEW ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-2408173	AFFORDABLE HOUSING	OH	POAH INC	C		-23,117	100.000 %		No
(11) HAC POAH COMMUNITY HOUSING LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 46-3872636	AFFORDABLE HOUSING	MA	POAH INC	C			79.000 %		No
(12) MAGNOLIA HEIGHTS ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-3172289	AFFORDABLE HOUSING	OH	POAH INC	C		370,745	100.000 %		No
(13) NORTH RHINE ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 27-3109803	AFFORDABLE HOUSING	OH	POAH INC	C		166,897	100.000 %		No
(14) PENDLETON ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-0312488	AFFORDABLE HOUSING	OH	POAH INC	C		157,597	100.000 %		No
(15) POAH ASSOCIATES INC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 36-4459812	AFFORDABLE HOUSING	MA	POAH INC	C	-892,787	-219,964	100.000 %		No
(16) POAH BEACHWOOD APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 02-0681208	AFFORDABLE HOUSING	RI	POAH INC	C	105		100.000 %		No
(17) POAH BEDFORD VILLAGE LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 82-2342387	AFFORDABLE HOUSING	MA	POAH INC	C			79.000 %		No
(18) POAH BELLE MAISON LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 51-0427763	AFFORDABLE HOUSING	DE	POAH INC	C	3	2,003,609	100.000 %		No
(19) POAH BLACKSTONE APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-3455578	AFFORDABLE HOUSING	MA	POAH INC	C	1		79.000 %		No
(20) POAH BRANDY HILL LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 27-1170307	AFFORDABLE HOUSING	MA	POAH INC	C	-1		79.000 %		No
(21) POAH BRIDLE PATH APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 76-0849334	AFFORDABLE HOUSING	MA	POAH INC	C			100.000 %		No
(22) POAH BRISTON ARMS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-3312091	AFFORDABLE HOUSING	MA	POAH INC	C			79.000 %		No
(23) POAH CENTRAL ANNEX LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 83-0479245	AFFORDABLE HOUSING	MA	POAH INC	C			79.000 %		No
(24) POAH CHERRY BRIGGS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-5115165	AFFORDABLE HOUSING	RI	POAH INC	C			79.000 %		No
(25) POAH CHESTNUT GARDENS APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 76-0849337	AFFORDABLE HOUSING	MA	POAH INC	C			100.000 %		No
(26) POAH COCHECO PARK LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 56-2606374	AFFORDABLE HOUSING	NH	POAH INC	C	9		100.000 %		No
(27) POAH CRESTVIEW LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 30-0271047	AFFORDABLE HOUSING	IL	POAH INC	C			100.000 %		No
(28) POAH CROMWELL COURT LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 27-1170347	AFFORDABLE HOUSING	MA	POAH INC	C	12		100.000 %		No
(29) POAH DOM NARODOWY POLSKI APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 76-0849328	AFFORDABLE HOUSING	MA	POAH INC	C			100.000 %		No
(30) POAH DRIFTWOOD APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-2295630	AFFORDABLE HOUSING	RI	POAH INC	C			100.000 %		No
(31) POAH EASTGATE APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 76-0849341	AFFORDABLE HOUSING	MA	POAH INC	C			100.000 %		No
(32) POAH FAIRWEATHER APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 76-0849339	AFFORDABLE HOUSING	MA	POAH INC	C	58		100.000 %		No
(33) POAH FARRELL HOUSE I LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 85-2970649	AFFORDABLE HOUSING	IL	POAH INC	C		56	79.000 %		No
(34) POAH FOUNDERS COURT LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-4044375	AFFORDABLE HOUSING	MA	POAH INC	C		416,604	100.000 %		No
(35) POAH FRANKLIN APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-3455717	AFFORDABLE HOUSING	MA	POAH INC	C	1		79.000 %		No
(36) POAH GARFIELD HILLS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-3727801	AFFORDABLE HOUSING	DC	POAH INC	C	188		100.000 %		No
(37) POAH GRACE APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 46-0868065	AFFORDABLE HOUSING	RI	POAH INC	C	120,415		100.000 %		No
(38) POAH GREENWOOD PARK LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 81-1988851	AFFORDABLE HOUSING	IL	POAH INC	C			100.000 %		No
(39) POAH HAZEL WINTHROP LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 84-4266723	AFFORDABLE HOUSING	IL	POAH INC	C	105,032	271,500	100.000 %		No
(40) POAH HERITAGE APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-0255000	AFFORDABLE HOUSING	RI	POAH INC	C		178	100.000 %		No
(41) POAH HOLDINGS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-2802010	AFFORDABLE HOUSING	IL	POAH INC	C	14,350	305,256	100.000 %		No
(42) POAH JBL LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 81-4322992	AFFORDABLE HOUSING	IL	POAH INC	C			100.000 %		No
(43) POAH KENMORE ABBEY LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-3462135	AFFORDABLE HOUSING	MA	POAH INC	C	1		79.000 %		No
(44) POAH LAFAYETTE TERRACE LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 46-5492987	AFFORDABLE HOUSING	IL	POAH INC	C			100.000 %		No
(45) POAH MEADOWBROOK APARTMENTS INC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-1640912	AFFORDABLE HOUSING	MA	POAH INC	C			100.000 %		No
(46) POAH NEWBERRY PARK LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 46-0703173	AFFORDABLE HOUSING	IL	POAH INC	C		39,041	100.000 %		No
(47) POAH OLD MIDDLETOWN LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 46-4089255	AFFORDABLE HOUSING	CT	POAH INC	C			100.000 %		No
(48) POAH OXFORD APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 82-2544847	AFFORDABLE HOUSING	RI	POAH INC	C			79.000 %		No
(49) POAH PETER'S GROVE LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-3853241	AFFORDABLE HOUSING	MA	POAH INC	C	1		79.000 %		No
(50) POAH RENAISSANCE APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-1955853	AFFORDABLE HOUSING	IL	POAH INC	C			100.000 %		No
(51) POAH ROCK HARBOR LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-3853211	AFFORDABLE HOUSING	MA	POAH INC	C	9	22	79.000 %		No
(52) POAH SALEM HEIGHTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-0069957	AFFORDABLE HOUSING	DE	POAH INC	C	-52	64	100.000 %		No
(53) POAH SOUTH CHICAGO Y HOLD LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 83-1038845	AFFORDABLE HOUSING	IL	POAH INC	C		17,567,676	75.000 %		No
(54) POAH SOUTHWINDS APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 81-0641757	AFFORDABLE HOUSING	RI	POAH INC	C	100,486	2	100.000 %		No
(55) POAH SUGAR RIVER LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 71-1011553	AFFORDABLE HOUSING	NH	POAH INC	C			100.000 %		No
(56) POAH TMG LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 83-2860321	AFFORDABLE HOUSING	OH	POAH INC	C	1	-1,018,764	100.000 %		No
(57) POAH TORRINGFORD WEST LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-3716805	AFFORDABLE HOUSING	CT	POAH INC	C			79.000 %		No
(58) POAH TRIBUNE APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 46-2980057	AFFORDABLE HOUSING	MA	POAH INC	C			50.000 %		No
(59) POAH UNITED FRONT NINE LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-3221289	AFFORDABLE HOUSING	MA	POAH INC	C		50	91.000 %		No
(60) POAH WASHINGTON GARDENS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-0125626	AFFORDABLE HOUSING	MD	POAH INC	C		456,181	100.000 %		No
(61) POAH WCN APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 27-3438745	AFFORDABLE HOUSING	MA	POAH INC	C		10	100.000 %		No
(62) POAH WCS APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 26-4512153	AFFORDABLE HOUSING	IL	POAH INC	C		463,583	100.000 %		No
(63) POAH WHITTIER 1A-4 APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 82-2269233	AFFORDABLE HOUSING	MA	POAH INC	C			70.000 %		No
(64) POAH WHITTIER 1A-9 APARTMENTS LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 82-2280597	AFFORDABLE HOUSING	MA	POAH INC	C			70.000 %		No
(65) POAH WOODLAWN ROLLUP LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 81-3357496	AFFORDABLE HOUSING	IL	POAH INC	C			79.000 %		No
(66) POAH WOODLAWN STATION LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 47-4015443	AFFORDABLE HOUSING	IL	POAH INC	C			100.000 %		No
(67) POAH WP SENIOR LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 46-3948656	AFFORDABLE HOUSING	IL	POAH INC	C		11	100.000 %		No
(68) WESLEY ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 20-0325765	AFFORDABLE HOUSING	OH	POAH INC	C		95,629	100.000 %		No
(69) WH MAINSTRASSE ASSOCIATES LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 30-0874013	AFFORDABLE HOUSING	OH	POAH INC	C		56,853	100.000 %		No
(70) POAH 19 E 110TH PLACE LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 86-3595833	AFFORDABLE HOUSING	IL	POAH INC	C		5,157,827	79.000 %		No
(71) POAH 5040 S INDIANA LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 86-3614286	AFFORDABLE HOUSING	IL	POAH INC	C		4,630,493	79.000 %		No
(72) POAH BEACHWINDS II LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109	AFFORDABLE HOUSING	RI	POAH INC	C		-22	79.000 %		No
(73) POAH ELGIN SCHOOLHOUSE LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 83-2723267	AFFORDABLE HOUSING	IL	POAH INC	C	1	1,706,044	100.000 %		No
(74) POAH HAWTHORNE PLACE II LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 84-3052197	AFFORDABLE HOUSING	MO	POAH INC	C		13	79.000 %		No
(75) POAH KINGS LANDING LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 45-3853357	AFFORDABLE HOUSING	MA	POAH INC	C			79.000 %		No
(76) POAH SALEM HEIGHTS II LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 86-1339489	AFFORDABLE HOUSING	MA	POAH INC	C		-3	29.000 %		No
(77) POAH TERRAPIN RIDGE LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 86-3761836	AFFORDABLE HOUSING	MA	POAH INC	C			79.000 %		No
(78) POAH OAKLAND PARK LLC 2 OLIVER STREET SUITE 500 BOSTON,MA02109 51-0427764	AFFORDABLE HOUSING	DE	POAH INC	C	4	651,998	79.000 %		No

Schedule R (Form 990) 2021

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

Yes

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

Yes

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

Yes

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

Yes

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

Yes

s Other transfer of cash or property from related organization(s) ............................

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) POAH NMTC2 TITLE HOLDING CORPORATION	F	50,000	CASH
(2) POAH TRINITY LOAN HOLDING COMPANY	S	142,409	CASH
(3) POAH SUPPORT CORPORATION	B	59,194	CASH
(4) BEACHWOOD PRESERVATION ASSOCIATES LIMITED PARTNERSHIP	F	167,254	CASH
(5) SOUTHWINDS PRESERVATION ASSOCIATES LIMITED PARTNERSHIP	F	159,399	CASH
(6) RIVERVIEW RESIDENCES DOVER LLC	F	107,967	CASH

Schedule R (Form 990) 2021

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2021

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2021

Additional Data

Software ID:
Software Version:

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	3,186,893	17,543,972
9	Program service revenue (Part VIII, line 2g) .........	68,882,218	143,808,998
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	7,093,472	17,764,596
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	320,709	72,780
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	79,483,292	179,190,346
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	39,788,860	42,976,099
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 466,929
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	39,746,345	65,509,825
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	79,535,205	108,485,924
19	Revenue less expenses. Subtract line 18 from line 12.......	-51,913	70,704,422
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	426,409,904	607,140,967
21	Total liabilities (Part X, line 26).............	235,903,037	351,032,054
22	Net assets or fund balances. Subtract line 21 from line 20.....	190,506,867	256,108,913

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 104,459,725 including grants of $ ) (Revenue $ 65,774,148 )
	POAH IS DEDICATED TO THE LONG TERM PRESERVATION, CREATION, OWNERSHIP AND OPERATION OF AFFORDABLE HOUSING PROPERTIES. AT DECEMBER 31, 2021 POAH, OR ITS RELATED ORGANIZATIONS OWNED AND OPERATED 12,582 UNITS OF DECENT, SAFE AND AFFORDABLE HOUSING FOR LOW INCOME PERSONS AND FAMILIES.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ 63,658,719 )
	POAH OR ITS RELATED ORGANIZATIONS ISSUE SELLER, RESERVE, AND SPONSOR NOTES AS A COMPONENT OF ITS PROPERTY PRESERVATION TRANSACTIONS AND IS INCLUDED AS A COMPONENT OF PART VIII LINE 2C, DEVELOPMENT AND MANAGEMENT INCOME.

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ 14,448,911 )
	SOME PROPERTIES OWNED BY POAH OR ITS RELATED ORGANIZATIONS BENEFIT FROM THE ELIMINATION OF HUD-HELD OR HUD-REGULATED DEBT IN CONNECTION WITH CERTAIN TRANSACTIONS, NOTABLY INCLUDING THE RAD CONVERSION OF SECTION 202 CAPITAL ADVANCE PROPERTIES. THESE TRANSACTIONS GENERATE REVENUE THAT APPEARS IN PART VIII LINE 2C, GAIN ON PURCHASE OF PROPERTY.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses104,459,725

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)		(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) CORY MIAN........................................................................ SENIOR VP, DEVELOPMENT	40.00 .......................	X	252,999	0	9,750
(19) DENA XIFARAS........................................................................ SENIOR VP, OWNERSHIP & OP.	40.00 .......................	X	262,999	0	31,196
(20) JULIE CREAMER........................................................................ SENIOR VP, ACQUISITIONS	40.00 .......................	X	239,595	0	29,914
(21) TERRI POWELL-RANDS........................................................................ COO OF POAHC	40.00 .......................	X	249,292	0	35,855
(22) WILLIAM EAGER........................................................................ SENIOR VP, CHICAGO	40.00 .......................	X	228,872	0	35,533

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	3,321,407	0	272,587

1	Briefly describe the organization’s mission or most significant activities: PRESERVATION OF AFFORDABLE HOUSING, INC. (POAH) WAS FORMED TO PRESERVE AND CREATE AFFORDABLE HOUSING FOR PERSONS IN NEED OF SUCH HOUSING.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	11
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	11
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	691
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	14,796,187

f	All other contributions, gifts, grants, and similar amounts not included above		1f	2,747,785

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		17,543,972

		Business Code
2a	DEVELOPMENT AND MANAGEMENT INCOME	531390	100,387,492	100,387,492
b	RENTAL INCOME	531190	28,786,334	28,786,334
c	GAIN ON PURCHASE OF PROPERTY	531190	14,448,911	14,448,911
d	MISCELLANEOUS REVENUE	531190	186,261	186,261
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		143,808,998

3 Investment income (including dividends, interest, and othersimilar amounts) ......			6,337,672			6,337,672
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	114,822,553		7a
b	Less: cost or other basis and sales expenses	103,395,629		7b
c	Gain or (loss)	11,426,924		7c
d	Net gain or (loss).........			11,426,924			11,426,924
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	MISCELLANEOUS		900099	72,942	72,942
b	FSA LOSS		900099	-162	-162
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			72,780
12	Total revenue. See instructions.....			179,190,346	143,881,778	0	17,764,596

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	2,217,989	2,034,830	161,279	21,880
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	33,850,255	31,480,738	2,031,015	338,502
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	1,117,968	1,039,710	67,078	11,180
9	Other employee benefits .......	3,009,580	2,798,909	180,575	30,096
10	Payroll taxes ...........	2,780,307	2,585,686	166,818	27,803
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	240,902	220,161	20,741
c	Accounting ...........	422,910	422,910
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	1,466,468	903,339	563,129
12	Advertising and promotion ....	129,165	46,056	83,109
13	Office expenses .......	952,536	885,859	57,152	9,525
14	Information technology ......	1,035,564	963,074	62,134	10,356
15	Royalties ..
16	Occupancy ...........	1,443,254	1,342,226	86,595	14,433
17	Travel ............	392,560	354,872	37,688
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	105,217	101,900	3,317
20	Interest ...........	30,393,409	30,393,409
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	4,819,290	4,819,290
23	Insurance ...	2,820,721	2,798,645	18,922	3,154
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PROPERTY OPERATIONS	10,765,287	10,765,287
b	DEVELOPMENT EXPENSE	4,633,756	4,633,756
c	MISCELLANEOUS EXPENSE	3,514,497	3,494,779	19,718
d	COMMNUNITY IMPACT	2,374,289	2,374,289
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	108,485,924	104,459,725	3,559,270	466,929
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			16,970,802	1	16,418,666
2	Savings and temporary cash investments .........			15,547,342	2	24,543,702
3	Pledges and grants receivable, net ......			1,516,589	3	1,288,235
4	Accounts receivable, net .............			19,521,355	4	17,820,389
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			172,142,600	7	234,428,731
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			1,532,329	9	1,308,353
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	286,411,735
b	Less: accumulated depreciation	10b	29,244,291	147,078,490	10c	257,167,444
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..			22,071,538	13	20,071,632
14	Intangible assets ...............			1,592,944	14	1,894,103
15	Other assets. See Part IV, line 11 ...........			28,435,915	15	32,199,712
16	Total assets. Add lines 1 through 15 (must equal line 33)...			426,409,904	16	607,140,967

17	Accounts payable and accrued expenses .....	4,383,713	17	2,458,487
18	Grants payable ...		18
19	Deferred revenue .........	1,357,747	19	1,218,053
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	203,248,107	23	299,874,692
24	Unsecured notes and loans payable to unrelated third parties ..	10,750,000	24	10,750,000
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	16,163,470	25	36,730,822
26	Total liabilities. Add lines 17 through 25..	235,903,037	26	351,032,054

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	182,854,399	27	249,214,228
28	Net assets with donor restrictions ...........	7,652,468	28	6,894,685
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	190,506,867	32	256,108,913
33	Total liabilities and net assets/fund balances ........	426,409,904	33	607,140,967