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Housing Preservation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Human Service Organizations - Multipurpose (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$7.68M (2023)

Expenses
$8.79M (2023)

Total Assets
$40.9M (2023)

Total Liabilities
$13.8M (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,677,879
Expenses
$8,786,402
Net Income
-$1,108,523
Net Assets
$27,108,715
Notable Sources of Revenue Percent of Total Revenue
Contributions $396,914
5.2%
Program Services $6,602,429
86.0%
Investment Income $662,947
8.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,589
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $380,000
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,758,139
20.0%
Assets/Debt
Total Assets $40,939,203
Total Liabilities $13,830,488
Net Assets $27,108,715
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Carmichael (Key Employee) $350,000 $0 $0
Oliver Haynes (Acquisition Associate) $293,717 $0 $450
Gabriel Roark (Acquisition Associate) $190,000 $0 $0
Jared Schepman (Acquisition Associate) $177,698 $0 $0
Stuart Johnson (Acquisition Associate) $162,000 $0 $0
David Bridgforth (Acquisition Associate) $147,000 $0 $0
Eleanor White (President) $30,000 $0 $0
Robert F Cook (Director) $3,000 $0 $0
Joshua Hammond (Director) $3,000 $0 $0
Mark Segal (Former Director) $3,000 $0 $0
Patrick Shea (Director) $3,000 $0 $0
Robert Baldacci (Director) $1,500 $0 $0
Lawson Stringer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,945,693
Expenses
$6,487,511
Net Income
-$3,541,818
Net Assets
$28,217,238
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,600,000
54.3%
Program Services $1,098,825
37.3%
Investment Income $605,072
20.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$401,468
Net Inventory Sales $0
Other Revenue $43,264
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $382,988
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $766,169
11.8%
Assets/Debt
Total Assets $38,166,515
Total Liabilities $9,949,277
Net Assets $28,217,238
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Carmichael (Key Employee) $344,988 $0 $5,012
Oliver Haynes (Acquisition Associate) $238,463 $0 $3,537
David Bridgforth (Acquisition Associate) $216,000 $0 $0
Gabriel Roark (Acquisition Associate) $148,500 $0 $0
Stuart Johnson (Acquisition Associate) $145,000 $0 $0
Jared Schepman (Acquisition Associate) $141,239 $0 $0
Eleanor White (President) $26,000 $0 $0
Robert F Cook (Director) $3,000 $0 $0
Joshua Hammond (Director) $3,000 $0 $0
Mark Segal (Director) $3,000 $0 $0
Patrick Shea (Director) $3,000 $0 $0
Lawson Stringer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,595,751
Expenses
$8,443,627
Net Income
-$2,847,876
Net Assets
$31,759,056
Notable Sources of Revenue Percent of Total Revenue
Contributions $71,342
1.3%
Program Services $2,703,018
48.3%
Investment Income $689,244
12.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,276,486
40.7%
Net Inventory Sales $0
Other Revenue -$144,339
Notable Expenses Percent of Total Expenses
Executive Compensation $377,000
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,516,703
18.0%
Assets/Debt
Total Assets $40,176,409
Total Liabilities $8,417,353
Net Assets $31,759,056
Compensation
Key Employees and Officers Compensation Related Other
Timothy Doug Gilland (Director Of Acquisition) $583,204 $0 $0
James Carmichael (Key Employee) $342,482 $0 $7,518
Oliver Haynes (Acquisition Associate) $218,334 $0 $2,833
David Bridgforth (Acquisition Associate) $158,000 $0 $0
Stuart Johnson (Acquisition Associate) $136,666 $0 $0
Gabriel Roark (Acquisition Associate) $117,500 $0 $0
Eleanor White (President) $18,000 $0 $0
Robert F Cook (Director) $3,000 $0 $0
Joshua Hammond (Director) $3,000 $0 $0
Mark Segal (Director) $3,000 $0 $0
Patrick Shea (Director) $3,000 $0 $0
Lawson Stringer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,886,403
Expenses
$6,368,003
Net Income
$3,518,400
Net Assets
$34,606,932
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,436,426
24.6%
Program Services $1,951,917
19.7%
Investment Income $499,407
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,784,630
58.5%
Net Inventory Sales $0
Other Revenue -$785,977
Notable Expenses Percent of Total Expenses
Executive Compensation $383,000
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $901,330
14.2%
Assets/Debt
Total Assets $43,297,393
Total Liabilities $8,690,461
Net Assets $34,606,932
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Carmichael (Key Employee) $342,482 $0 $7,518
Timothy Doug Gilland (Director Of Acquisition) $273,585 $0 $6,265
Oliver Haynes (Acquisition Associate) $140,000 $0 $0
David Bridgforth (Acquisition Associate) $128,226 $0 $0
Matthew Osborne (Past President) $15,726 $0 $0
Robert Baldacci (Director (Part Year)) $3,000 $0 $0
Joshua Hammond (Director) $3,000 $0 $0
Paul Ponte (Director (Part Year)) $3,000 $0 $0
Mark Segal (Director) $3,000 $0 $0
Patrick Shea (Director) $3,000 $0 $0
Eleanor White (President) $2,274 $0 $0
Robert F Cook (Director (Part Year)) $0 $0 $0
Lawson Stringer (Director (Part Year)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,124,122
Expenses
$5,324,232
Net Income
$27,799,890
Net Assets
$31,088,532
Notable Sources of Revenue Percent of Total Revenue
Contributions $69,317
0.2%
Program Services $4,952,000
14.9%
Investment Income $232,220
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20,616,652
62.2%
Net Inventory Sales $0
Other Revenue $7,253,933
21.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $15,000
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,533,058
28.8%
Assets/Debt
Total Assets $45,649,982
Total Liabilities $14,561,450
Net Assets $31,088,532
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Carmichael (Key Employee) $350,000 $0 $0
Timothy Doug Gilland (Director Of Acquisition) $158,152 $0 $0
Oliver Haynes (Acquisition Associate) $110,000 $0 $0
David Bridgforth (Acquisition Associate) $102,000 $0 $0
Matthew Osborne (President) $18,000 $0 $0
Mark Segal (Director) $3,000 $0 $0
Patrick Shea (Director) $3,000 $0 $0
Josh Hammond (Director) $3,000 $0 $0
Robert Baldacci (Director) $3,000 $0 $0
Paul Ponte (Director And Secretary) $3,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,106,281
Expenses
$8,426,137
Net Income
$680,144
Net Assets
$3,288,642
Notable Sources of Revenue Percent of Total Revenue
Contributions $131,378
1.4%
Program Services $7,914,117
86.9%
Investment Income $28,767
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,035,924
11.4%
Net Inventory Sales $0
Other Revenue -$3,905
Notable Expenses Percent of Total Expenses
Executive Compensation $15,000
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,895,239
22.5%
Assets/Debt
Total Assets $25,912,739
Total Liabilities $22,624,097
Net Assets $3,288,642
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Carmichael (Key Employee) $285,000 $0 $0
Timothy Doug Gilland (Director Of Acquisition) $171,500 $0 $0
Matthew Osborne (President) $18,000 $0 $0
Mark Segal (Director) $3,000 $0 $0
Patrick Shea (Director) $3,000 $0 $0
Josh Hammond (Director) $3,000 $0 $0
Robert Baldacci (Director) $3,000 $0 $0
Paul Ponte (Director And Secretary) $3,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,862,777
Expenses
$8,017,658
Net Income
-$154,881
Net Assets
$2,092,111
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,857,857
74.5%
Program Services $2,480,968
31.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$476,048
Notable Expenses Percent of Total Expenses
Executive Compensation $33,000
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,956,182
24.4%
Assets/Debt
Total Assets $26,630,197
Total Liabilities $24,538,086
Net Assets $2,092,111
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Timothy Doug Gilland (Director Of Acquisition) $298,500 $0 $0
James Carmichael (Key Employee) $285,000 $0 $0
Oliver Haynes (Acquisition Associate) $85,417 $0 $0
David Bridgforth (Acquisition Associate) $77,000 $0 $0
Stuart Johnson (Acquisition Associate) $74,583 $0 $0
Matthew Osborne (President) $18,000 $0 $0
Mark Segal (Director) $3,000 $0 $0
Patrick Shea (Director) $3,000 $0 $0
Josh Hammond (Director) $3,000 $0 $0
Robert Baldacci (Director) $3,000 $0 $0
Paul Ponte (Director And Secretary) $3,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,632,784
Expenses
$9,382,213
Net Income
-$1,749,429
Net Assets
$2,246,992
Notable Sources of Revenue Percent of Total Revenue
Contributions $142,260
1.9%
Program Services $8,667,100
> 100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,268,877
16.6%
Net Inventory Sales $0
Other Revenue -$2,445,453
Notable Expenses Percent of Total Expenses
Executive Compensation $15,000
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,136,223
22.8%
Assets/Debt
Total Assets $27,639,006
Total Liabilities $25,392,014
Net Assets $2,246,992
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Carmichael (Key Employee) $285,000 $0 $0
Timothy Doug Gilland (Director Of Acquisition) $272,000 $0 $0
Stuart Johnson (Acquisition Associate) $101,000 $0 $0
Matthew Osborne (President) $18,000 $0 $0
Mark Segal (Director) $3,000 $0 $0
Patrick Shea (Director) $3,000 $0 $0
Josh Hammond (Director) $3,000 $0 $0
Robert Baldacci (Director) $3,000 $0 $0
Paul Ponte (Director) $3,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,823,328
Expenses
$7,966,351
Net Income
$2,856,977
Net Assets
$3,996,421
Notable Sources of Revenue Percent of Total Revenue
Contributions $88,063
0.8%
Program Services $7,767,072
71.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,800,362
25.9%
Net Inventory Sales $0
Other Revenue $167,831
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $583,742
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,296,886
16.3%
Assets/Debt
Total Assets $32,878,544
Total Liabilities $28,882,123
Net Assets $3,996,421
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Carmichael (Key Employee) $285,000 $0 $0
Timothy Doug Gilland (Director Of Acquisition) $265,500 $0 $0
Matthew Osborne (President) $6,242 $0 $0
Mark Segal (Director) $6,000 $0 $0
Patrick Shea (Director) $6,000 $0 $0
Josh Hammond (Director) $6,000 $0 $0
Paul Ponte (Director) $6,000 $0 $0
Robert Baldacci (Director) $3,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,363,226
Expenses
$7,423,521
Net Income
$939,705
Net Assets
$1,139,445
Notable Sources of Revenue Percent of Total Revenue
Contributions $126,918
1.5%
Program Services $7,463,008
89.2%
Investment Income $1,751
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $200,000
2.4%
Net Inventory Sales $0
Other Revenue $571,549
6.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $285,477
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,624,664
21.9%
Assets/Debt
Total Assets $24,261,415
Total Liabilities $23,121,970
Net Assets $1,139,445
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Timothy Doug Gilland (Director Of Acquisition) $420,500 $0 $0
James Carmichael (Key Employee) $340,099 $0 $10,023
Stuart Johnson (Acquisition Associate) $121,500 $0 $0
Robert Baldacci (Director) $3,000 $0 $0
Mark Segal (Director) $0 $0 $0
Patrick Shea (Director) $0 $0 $0
Josh Hammond (Director) $0 $0 $0
Eugene Leventhal (Vice President) $0 $0 $0
Mary K Carmichael (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,886,435
Expenses
$7,821,358
Net Income
-$934,923
Net Assets
$199,738
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,772,945
98.4%
Investment Income $3,073
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $154,792
2.2%
Net Inventory Sales $0
Other Revenue -$44,375
Notable Expenses Percent of Total Expenses
Executive Compensation $297,000
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,523,368
19.5%
Assets/Debt
Total Assets $23,166,311
Total Liabilities $22,966,573
Net Assets $199,738
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Carmichael (Ceo) $285,000 $0 $0
Mark Segal (Director) $6,000 $0 $0
Patrick Shea (Director) $3,000 $0 $0
Josh Hammond (Director) $3,000 $0 $0
Eugene Leventhal (Vice President) $0 $0 $0
Mary K Carmichael (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$411,288
Expenses
$607,572
Net Income
-$196,284
Net Assets
$1,134,661
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $61,448
14.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $349,840
85.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $277,250
45.6%
Professional Fundraising Fees $0
Other Salaries and Wages $176,708
29.1%
Assets/Debt
Total Assets $1,169,800
Total Liabilities $35,139
Net Assets $1,134,661

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$466,483
Expenses
$554,020
Net Income
-$87,537
Net Assets
$1,330,945
Notable Sources of Revenue Percent of Total Revenue
Contributions $218,168
46.8%
Program Services $71,037
15.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $177,278
38.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $275,500
49.7%
Professional Fundraising Fees $0
Other Salaries and Wages $167,500
30.2%
Assets/Debt
Total Assets $1,362,145
Total Liabilities $31,200
Net Assets $1,330,945

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$131,323
Expenses
$560,257
Net Income
-$691,580
Net Assets
$1,418,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,779
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$144,102
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $276,000
49.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,449,682
Total Liabilities $31,200
Net Assets $1,418,482

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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