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.
How Massdevelopment Hefa Trust divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
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.
Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.
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.
