Public Charity

MASSACHUSETTS HOUSING INVESTMENT CORPORATION

MASSACHUSETTS HOUSING INVESTMENT CORPORATION, of BOSTON, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $20.2M in revenue, $12.5M in expenses, $99.9M in total assets. 8 publicly reported grants to this organization, totaling roughly $8.5M, appear in IRS filings.

EIN: 043094550 BOSTON, MA Fund Raising & Fund Distribution NTEE: L12 Latest filing: 2025
Total Revenue$20.2M
Total Expenses$12.5M
Total Assets$99.9M
Grant Records8
Funding Total$8.5M
Filing Years2020–2025

Mission

MHIC'S MISSION IS TO BE AN INNOVATIVE PRIVATE FINANCIER OF AFFORABLE HOUSING AND COMMUNITY DEVELOPMENT THROUGHOUT NEW ENGLAND, PROVIDING FINANCING THAT WOULD NOT OTHERWISE BE AVAILABLE, AND EXTENDING THE IMPACT OF THAT FINANCING TO ENSURE THE BROADEST POSSIBLE BENEFIT.

Where $100 goes at Massachusetts Housing Investment Corporation

How Massachusetts Housing Investment Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$94 Programs the work itself
$6 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $94 for programs

$58
Managed a program that provides loans to finance low-income housing or to bridge investor capital of affiliated programs
62% of program spending
$14
Managed a program that provides financing to commercial real estate properties and businesses in low-income communities, thereby stimulating economic development and job creation
15% of program spending
$14
Managed a program that provides financing for equity investment in low-income housing developments that qualify for tax credits
15% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Amy Schectman
DIRECTOR Carol Ventura
DIRECTOR OF FINANCE Charles Edwards
VICE CHAIR Daniel Cruz Jr
DIRECTOR Diane Smith
CHAIR Elizabeth Gruber

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$8,465,208 8 grants

Financial Trends

Year Revenue Expenses Assets
2025 $20.2M $12.5M $99.9M
2024 $22.6M $11.8M $92.8M
2023 $73.6M $71.8M $69.1M
2022 $16.1M $13.5M $65.5M
2020 $14.0M $13.8M $47.5M

Between 2020 and 2025, reported annual revenue grew from $14.0M to $20.2M (+44%), with total assets most recently reported at $99.9M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for MASSACHUSETTS HOUSING INVESTMENT CORPORATION

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