Is Preservation Housing Partners Legit?

Preservation Housing Partners demonstrates consistent financial activity, with revenues and expenses generally in the range of $2.8 million to $4.5 million over the past decade. The organization's assets have shown growth, reaching $17.3 million in 2023 from $16.4 million in 2014, indicating a stable asset base. However, liabilities have also increased, from $9.2 million in 2014 to $9.6 million in 2023, suggesting a reliance on debt financing or other obligations. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances public trust and suggests efficient use of resources at the leadership level. While the provided data lacks a detailed breakdown of program, administrative, and fundraising expenses, the consistent reporting of 0% officer compensation is a significant positive for transparency. The organization's financial health appears stable, with assets consistently exceeding liabilities, though the margin has fluctuated. For instance, in 2023, assets were $17,320,379 against liabilities of $9,624,440, showing a healthy equity position. The consistent filing of IRS 990s over 13 periods further demonstrates a commitment to regulatory compliance and financial transparency.