MASSDEVELOPMENT HEFA TRUST, of BOSTON, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $510K in revenue, $446K in expenses, $10.1M in total assets. IRS filings disclose 71 grants awarded by this foundation, totaling roughly $3.4M.
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 (SEE SCHEDULE O) BENEFIT OF 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 71 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $510K | $446K | $10.1M |
| 2023 | $74K | $247K | $9.3M |
| 2022 | $808K | $1.1M | $8.9M |
| 2021 | $1.0M | $377K | $11.3M |
| 2020 | $578K | $389K | $9.2M |
Between 2020 and 2024, reported annual revenue declined from $578K to $510K (-12%), with total assets most recently reported at $10.1M.
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.
