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Massdevelopment Hefa Trust

  • Boston, MA
  • Tax-exempt since Nov. 1997
  • EIN: 04-3379905

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Public Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$74.2k (2023)

Expenses
$247k (2023)

Total Assets
$9.32M (2023)

Total Liabilities
$22.6k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$74,249
Expenses
$247,455
Net Income
-$173,206
Net Assets
$9,294,585
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $283,768
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$209,519
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,317,179
Total Liabilities $22,594
Net Assets $9,294,585
Compensation
Key Employees and Officers Compensation Related Other
Ricks P Frazier (Trustee (Thru 03/2023)) $0 $213,786 $24,045
Brian Kavoogian (Trustee) $0 $0 $0
Mike Kennealy (Trustee (Thru 01/2023)) $0 $0 $0
Sean Calnan (Trustee (As Of 06/2023)) $0 $148,686 $41,641
+ View more people

Document Links

990
Filed on March 18, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$807,797
Expenses
$1,071,438
Net Income
-$263,641
Net Assets
$8,869,694
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $355,922
44.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $451,875
55.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,927,090
Total Liabilities $57,396
Net Assets $8,869,694
Compensation
Key Employees and Officers Compensation Related Other
Ricks Frazier (Trustee) $0 $206,480 $16,721
Brian Kavoogian (Trustee) $0 $0 $0
Mike Kennealy (Trustee) $0 $0 $0

Document Links

990
Filed on Feb. 3, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,042,684
Expenses
$377,315
Net Income
$665,369
Net Assets
$11,260,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $383,842
36.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $658,842
63.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,267,953
Total Liabilities $7,459
Net Assets $11,260,494
Compensation
Key Employees and Officers Compensation Related Other
Ricks Frazier (Trustee) $0 $210,393 $17,244
Brian Kavoogian (Trustee) $0 $0 $0
Mike Kennealy (Trustee) $0 $0 $0

Document Links

990
Filed on March 25, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$577,860
Expenses
$389,374
Net Income
$188,486
Net Assets
$9,190,615
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $575,979
99.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,881
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,196,426
Total Liabilities $5,811
Net Assets $9,190,615
Compensation
Key Employees and Officers Compensation Related Other
Ricks Frazier (Trustee) $0 $200,155 $16,988
Mike Kennealy (Trustee) $0 $0 $0
Brian Kavoogian (Trustee) $0 $0 $0

Document Links

990
Filed on Nov. 30, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$281,939
Expenses
$580,365
Net Income
-$298,426
Net Assets
$9,002,129
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $275,220
97.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,719
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,009,460
Total Liabilities $7,331
Net Assets $9,002,129
Compensation
Key Employees and Officers Compensation Related Other
Brian Kavoogian (Trustee) $0 $0 $0
Ricks Frazier (Trustee (From 09/13/2018)) $0 $60,736 $25,218
Mike Kennealy (Trustee (From 12/18/2018)) $0 $0 $0
Robert M Ruzzo (Trustee (Thru 09/13/2018)) $0 $207,047 $28,230
Robert Ash Jr (Trustee (Thru 12/18/2018)) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,789
Expenses
$603,573
Net Income
-$557,784
Net Assets
$9,300,555
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $36,971
80.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,818
19.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,311,297
Total Liabilities $10,742
Net Assets $9,300,555
Compensation
Key Employees and Officers Compensation Related Other
Robert Ash Jr (Trustee) $0 $0 $0
Brian Kavoogian (Trustee) $0 $0 $0
Patricia Deangelis (Trustee (Thru 1/9/2018)) $0 $171,130 $30,755
Robert M Ruzzo (Trustee (From 2/8/2018)) $0 $0 $189
+ View more people

Document Links

990
Filed on Nov. 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,658
Expenses
$573,756
Net Income
-$524,098
Net Assets
$9,857,684
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $40,288
81.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,370
18.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,861,633
Total Liabilities $3,949
Net Assets $9,857,684
Compensation
Key Employees and Officers Compensation Related Other
Teresa M Patten (Trustee (Thru Aug. 2016)) $0 $142,137 $15,369
Robert Ash Jr (Trustee) $0 $0 $0
Brian Kavoogian (Trustee) $0 $0 $0
Patricia Deangelis (Trustee (From Sept. 2016)) $0 $165,864 $10,979
+ View more people

Document Links

990
Filed on May 10, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$171,050
Expenses
$561,869
Net Income
-$390,819
Net Assets
$10,381,782
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $151,138
88.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,912
11.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,385,804
Total Liabilities $4,022
Net Assets $10,381,782
Compensation
Key Employees and Officers Compensation Related Other
Gerald D Cohen (Trustee) $0 $0 $0
Teresa M Patten (Trustee) $0 $130,102 $20,560
Robert Ash Jr (Trustee) $0 $0 $0

Document Links

990
Filed on Nov. 3, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$95,026
Expenses
$599,297
Net Income
-$504,271
Net Assets
$10,772,601
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $95,026
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,857,836
Total Liabilities $85,235
Net Assets $10,772,601
Compensation
Key Employees and Officers Compensation Related Other
Gerald D Cohen (Trustee) $0 $0 $0
Teresa M Patten (Trustee) $0 $137,282 $26,445
Robert Ash Jr (Trustee) $0 $0 $0

Document Links

990
Filed on Jan. 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$97,304
Expenses
$306,276
Net Income
-$208,972
Net Assets
$11,276,873
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $97,304
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,280,750
Total Liabilities $3,877
Net Assets $11,276,873
Compensation
Key Employees and Officers Compensation Related Other
Gregory P Bialecki (Trustee) $0 $0 $0
Gerald D Cohen (Trustee) $0 $0 $0
Teresa M Patten (Trustee) $0 $143,221 $25,663

Document Links

990
Filed on Jan. 12, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,840
Expenses
$300,565
Net Income
-$255,725
Net Assets
$11,485,845
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,500
5.6%
Investment Income $42,340
94.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,489,648
Total Liabilities $3,803
Net Assets $11,485,845

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,784
Expenses
$302,248
Net Income
-$201,464
Net Assets
$11,741,570
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $171,416
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$70,632
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,757,811
Total Liabilities $16,241
Net Assets $11,741,570

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,317
Expenses
$303,374
Net Income
-$237,057
Net Assets
$11,943,034
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $28,258
42.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $38,059
57.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,965,093
Total Liabilities $22,059
Net Assets $11,943,034

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated