As Chief Financial Officer, Joseph F. Purcell serves as an integral member of the executive leadership team of The Michaels Organization, with lead oversight for The Organization's financial operations. In addition, Mr. Purcell also serves as President of Continental Mortgage Corp., an FHA mortgage company, which structures funding transactions for Michaels' developments and acquisitions, and arranges refinancing that ensures the continued preservation abd recapitalization of affordable housing.
Until September 2013, Mr. Purcell also served as President of Prestige Affordable Housing Equity Partners (PAHEP), The Michaels Organization's tax credit syndication company. Under Mr. Purcell's leadership, PAHEP has grown from early private placements to national syndication, financing more than 10,000 quality affordable housing units.
Prior to joining The Michaels Organization, Mr. Purcell was a Manager for the public accoutning and consulting firm of Asher & Company, Ltd. in Philadelphia, Pennsylvania, where he was employed for 11 years. Mr. Purcell worked as a consultant in the Affordable Housing Department where his responsibilities included conducting audits, preparing 15 year tax projections, carryover allocations, cost certifications and tax preparation for tax credit partnerships.
Mr. Purcell is a member of the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants (former member of Committee for State and Local Government). He serves on the Board of the Affordable Housing Tax Credit Coalition and as a Board Member for the 1260 Development Corporation. He is also on the Boards of the Burlington County Catholic Basketball League, the St. Charles Borromeo (Cinnaminson, N.J.) CYO Basketball Program, and is a member and former Treasurer of the Preservation Alliance for Greater Philadelphia.
He has received a Bachelor of Business Administration in Accounting from Temple University and is a licensed Certified Public Accountant in New Jersey and Pennsylvania. In 2010, Mr. Purcell was named one of the “Top Ten CFOs” in the Mid-Atlantic Region by Smart CXO Magazine and in 2011 was named the “CFO of the Year” by NJBiz, New Jersey’s leading business publication. Most recently, Mr. Purcell was named 2014 CFO of the Year in the Philadelphia Business Journal.