MASSDEVELOPMENT HEFA TRUST, of BOSTON, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.5M in revenue, $250K in expenses, $10.9M in total assets. IRS filings disclose 73 grants awarded by this foundation, totaling roughly $3.5M.
THE TRUST MAY PROVIDE FUNDS (I) FOR THE BENEFIT OF MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MASSDEVELOPMENT), A QUASIPUBLIC ENTITY, TO REDUCE CHARGES THAT IT OTHERWISE WOULD IMPOSE ON CERTAIN INSTITUTIONS USING ITS SERVICES AND (II) FOR THE BENEFIT OF (SEE SCHEDULE O) CERTAIN CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES THAT THE FORMER MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY, PRIOR TO ITS MERGER BY LAW INTO MASSDEVELOPMENT, WAS AUTHORIZED BY STATUTE TO ASSIST.
Showing up to 5 of 73 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $1.5M | $250K | $10.9M |
| 2024 | $510K | $446K | $10.1M |
| 2023 | $74K | $247K | $9.3M |
| 2022 | $808K | $1.1M | $8.9M |
| 2021 | $1.0M | $377K | $11.3M |
Between 2021 and 2025, reported annual revenue grew from $1.0M to $1.5M (+43%), with total assets most recently reported at $10.9M.
Interactive year-over-year charts and full filing details available with membership.
Grants from this foundation were reported to recipients in MA.
Full geographic grant map with state-by-state breakdown available with membership.
