Massachusetts Housing Investment Corp

Boston, MA
Tax-exempt since Feb. 1993
EIN: 04-3094550

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Type of Nonprofit

Designated as a 501(c)3 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: Housing, Shelter / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$16.1M (2022)

Expenses

$13.5M (2022)

Total Assets

$65.5M (2022)

Total Liabilities

$36.8M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2022

Revenue

$16,061,783

Expenses

$13,502,667

Net Income

$2,559,116

Net Assets

$28,640,918

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,800,184	23.7%
Program Services	$12,180,733	75.8%
Investment Income	$80,866	0.5%
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	$1,694,851	12.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,531,220	41.0%

Assets/Debt
Total Assets	$65,477,306
Total Liabilities	$36,836,388
Net Assets	$28,640,918

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph L Flatley (President & Ceo)	$374,246	$0	$49,596
William Thompson (Chief Financial Officer)	$295,590	$0	$51,473
Kathleen Mcgilvray (Director Of Investment)	$294,900	$0	$46,188
Moddie Turay (President & Ceo)	$276,524	$0	$20,024
Christine Vincenti (Senior Investment Officer)	$234,469	$0	$25,391
Scott Backman (Director Of Asset Manageme)	$234,385	$0	$35,960
Charles Edwards (Director Of Accounting And)	$221,773	$0	$37,730
Elizabeth Hibbard (Director Of Capital Dev.)	$219,206	$0	$38,655
Deborah Favreau (Chief Development Officer)	$218,347	$0	$41,147
Mason Sheeler (Senior Investment Portfoli)	$209,477	$0	$32,741
Travis Watson (Director Of Racial Equity And Community Engagement)	$203,370	$0	$39,301
Guilliaem Aertsen (Chair)	$0	$0	$0
Elizabeth Gruber (Vice Chair)	$0	$0	$0
Reza Aghamirzadeh (Director)	$0	$0	$0
Howard Cohen (Director)	$0	$0	$0
Daniel Cruz (Director)	$0	$0	$0
B John Dill (Director)	$0	$0	$0
Sheila Dillon (Director)	$0	$0	$0
Evelyn Friedman (Director)	$0	$0	$0
Peter Gagliardi (Director)	$0	$0	$0
Tom Gleason (Director)	$0	$0	$0
Ann Houston (Director)	$0	$0	$0
Pamela Feingold (Director)	$0	$0	$0
Keith Nisbet (Director)	$0	$0	$0
Chrystal Kornegay (Director)	$0	$0	$0
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990

Filed on Jan. 25, 2024

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

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2021

Revenue

$18,783,706

Expenses

$16,764,177

Net Income

$2,019,529

Net Assets

$22,923,763

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$9,449,891	50.3%
Program Services	$9,318,596	49.6%
Investment Income	$15,219	0.1%
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	$2,085,458	12.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,802,588	16.7%

Assets/Debt
Total Assets	$51,753,115
Total Liabilities	$28,829,352
Net Assets	$22,923,763

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph L Flatley (President & Ceo)	$658,000	$0	$59,757
Kathleen Mcgilvray (Director Of Investment)	$332,516	$0	$43,649
William Thompson (Chief Financial Officer)	$324,567	$0	$43,376
Elizabeth Hibbard (Director Of Capital Dev.)	$262,043	$0	$45,732
Scott Backman (Director Of Asset Management)	$258,744	$0	$35,156
Deborah Favreau (Chief Development Officer)	$249,588	$0	$40,381
Charles Edwards (Director Of Accounting And Administration)	$244,295	$0	$37,808
Bruce Ehrlich (Senior Investment Officer)	$239,589	$0	$19,745
Christine Vincenti (Senior Investment Officer)	$229,760	$0	$22,875
Mason Sheeler (Senior Investment Portfolio Officer)	$224,101	$0	$30,743
Guilliaem Aertsen (Chair)	$0	$0	$0
Elizabeth Gruber (Vice Chair)	$0	$0	$0
Reza Aghamirzadeh (Director)	$0	$0	$0
Howard Cohen (Director)	$0	$0	$0
Daniel Cruz (Director)	$0	$0	$0
B John Dill (Director)	$0	$0	$0
Sheila Dillon (Director)	$0	$0	$0
Evelyn Friedman (Director)	$0	$0	$0
Peter Gagliardi (Director)	$0	$0	$0
Tom Gleason (Director)	$0	$0	$0
Ann Houston (Director)	$0	$0	$0
Pamela Feingold (Director)	$0	$0	$0
Keith Nisbet (Director)	$0	$0	$0
Chrystal Kornegay (Director)	$0	$0	$0
Martin Rogosa (Director)	$0	$0	$0
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990

Filed on Nov. 15, 2022

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2020

Revenue

$14,048,533

Expenses

$13,753,699

Net Income

$294,834

Net Assets

$21,064,864

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,003,136	99.7%
Investment Income	$45,397	0.3%
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	$1,835,371	13.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,259,460	31.0%

Assets/Debt
Total Assets	$47,540,355
Total Liabilities	$26,475,491
Net Assets	$21,064,864

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph L Flatley (President & Ceo)	$658,000	$0	$58,545
Kathleen Mcgilvray (Director Of Investment)	$325,756	$0	$40,801
William Thompson (Chief Financial Officer)	$319,458	$0	$42,333
Peter Sargent (Director Of Capital Dev.)	$279,103	$0	$30,750
Scott Backman (Dir Of Asset Management)	$253,053	$0	$37,236
Deborah Favreau (Chief Development Officer)	$242,851	$0	$38,513
Bruce Ehrlich (Senior Investment Officer)	$227,568	$0	$23,246
Melissa Sheeler (Sr Investment Portfolio Officer)	$219,800	$0	$30,201
Christine Vincenti (Senior Investment Officer)	$216,269	$0	$22,884
Charles Edwards (Controller)	$212,885	$0	$32,633
Guilliaem Aertsen (Chair)	$0	$0	$0
Elizabeth Gruber (Vice Chair)	$0	$0	$0
Charles Grigsby (Treasurer)	$0	$0	$0
Reza Aghamirzadeh (Director)	$0	$0	$0
Howard Cohen (Director)	$0	$0	$0
Daniel Cruz (Director)	$0	$0	$0
B John Dill (Director)	$0	$0	$0
Sheila Dillon (Director)	$0	$0	$0
Evelyn Friedman (Director)	$0	$0	$0
Peter Gagliardi (Director)	$0	$0	$0
Tom Gleason (Director)	$0	$0	$0
Ann Houston (Director)	$0	$0	$0
Pamela Feingold (Director)	$0	$0	$0
Keith Nisbet (Director)	$0	$0	$0
Chrystal Kornegay (Director)	$0	$0	$0
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990

Filed on Nov. 15, 2021

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2019

Revenue

$11,038,740

Expenses

$10,365,322

Net Income

$673,418

Net Assets

$21,694,679

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$10,909,524	98.8%
Investment Income	$129,216	1.2%
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	$1,925,816	18.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,544,577	34.2%

Assets/Debt
Total Assets	$54,156,526
Total Liabilities	$32,461,847
Net Assets	$21,694,679

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph L Flatley (President & Ceo)	$705,000	$0	$53,176
Kathleen Mcgilvray (Director Of Investment)	$326,979	$0	$37,676
William Thompson (Chief Financial Officer)	$321,450	$0	$37,743
Peter Sargent (Director Of Capital Dev.)	$319,592	$0	$35,136
Scott Backman (Director Of Asset Management)	$252,795	$0	$32,732
Deborah Favreau (Chief Development Officer)	$248,565	$0	$33,376
Bruce Ehrlich (Senior Investment Officer)	$235,765	$0	$17,539
Melissa Sheeler (Senior Investment Portfolio Officer)	$220,047	$0	$27,432
Charles Edwards (Controller)	$211,148	$0	$31,623
Andrea R Daskalakis (Chief Investment Officer)	$207,674	$0	$27,390
Guilliaem Aertsen (Chair)	$0	$0	$0
Elizabeth Gruber (Vice Chair)	$0	$0	$0
Charles Grigsby (Treasurer)	$0	$0	$0
Reza Aghamirzadeh (Director)	$0	$0	$0
Howard Cohen (Director)	$0	$0	$0
Daniel Cruz (Director)	$0	$0	$0
B John Dill (Director)	$0	$0	$0
Sheila Dillon (Director)	$0	$0	$0
Evelyn Friedman (Director)	$0	$0	$0
Peter Gagliardi (Director)	$0	$0	$0
Tom Gleason (Director)	$0	$0	$0
Ann Houston (Director)	$0	$0	$0
Jan Miller (Director)	$0	$0	$0
Keith Nisbet (Director)	$0	$0	$0
Chrystal Kornegay (Director)	$0	$0	$0
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990

Filed on Oct. 29, 2020

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2018

Revenue

$11,222,647

Expenses

$9,450,773

Net Income

$1,771,874

Net Assets

$21,576,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$11,135,245	99.2%
Investment Income	$87,402	0.8%
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	$2,426,542	25.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,070,819	32.5%

Assets/Debt
Total Assets	$39,539,259
Total Liabilities	$17,962,434
Net Assets	$21,576,825

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph L Flatley (President & Ceo)	$1,268,592	$0	$50,160
William Thompson (Chief Financial Officer)	$306,729	$0	$37,131
Peter Sargent (Director Of Capital Dev.)	$303,958	$0	$34,639
Kathleen Mcgilvray (Director Of Investment)	$302,685	$0	$37,049
Scott Backman (Director Of Asset Management)	$244,577	$0	$32,556
Deborah Favreau (Chief Development Officer)	$237,715	$0	$33,179
Andrea R Daskalakis (Chief Investment Officer)	$220,881	$0	$24,295
Melissa Sheeler (Deputy Director Of Asset Management)	$211,127	$0	$27,126
Bruce Ehrlich (Senior Investment Officer)	$209,779	$0	$17,903
Charles Edwards (Controller)	$200,722	$0	$29,496
Guilliaem Aertsen (Chair)	$0	$0	$0
Elizabeth Gruber (Vice Chair)	$0	$0	$0
Charles Grigsby (Treasurer)	$0	$0	$0
Reza Aghamirzadeh (Director)	$0	$0	$0
Howard Cohen (Director)	$0	$0	$0
Daniel Cruz (Director)	$0	$0	$0
B John Dill (Director)	$0	$0	$0
Sheila Dillon (Director)	$0	$0	$0
Evelyn Friedman (Director)	$0	$0	$0
Peter Gagliardi (Director)	$0	$0	$0
Tom Gleason (Director)	$0	$0	$0
Ann Houston (Director)	$0	$0	$0
Jan Miller (Director)	$0	$0	$0
Keith Nisbet (Director)	$0	$0	$0
Chrystal Kornegay (Director)	$0	$0	$0
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990

Filed on Oct. 31, 2019

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2017

Revenue

$11,447,325

Expenses

$10,750,786

Net Income

$696,539

Net Assets

$20,212,221

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$200,800	1.8%
Program Services	$9,013,822	78.7%
Investment Income	$27,758	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,204,945	19.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,702,729	15.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,456,575	32.2%

Assets/Debt
Total Assets	$31,959,514
Total Liabilities	$11,747,293
Net Assets	$20,212,221

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph L Flatley (President & Ceo)	$417,900	$0	$144,906
Richard Becker (Director Of Asset Management)	$293,536	$0	$14,349
Peter Sargent (Director Of Capital Dev.)	$271,852	$0	$35,034
Kathleen Mcgilvray (Director Of Investment)	$255,614	$0	$37,069
William Thompson (Chief Financial Officer)	$240,217	$0	$36,130
Andrea R Daskalakis (Chief Investment Officer)	$223,609	$0	$30,917
Deborah Favreau (Chief Development Officer)	$212,732	$0	$33,922
Scott Backman (Deputy Director Of Asset Management)	$197,764	$0	$32,376
Bruce Ehrlich (Senior Investment Officer)	$187,289	$0	$16,168
Melissa Sheeler (Deputy Director Of Asset Management)	$181,815	$0	$27,397
Charles Edwards (Controller)	$159,719	$0	$29,250
Guilliaem Aertsen (Chair)	$0	$0	$0
Elizabeth Gruber (Vice Chair)	$0	$0	$0
Charles Grigsby (Treasurer)	$0	$0	$0
Kevin Boyle (Director)	$0	$0	$0
Howard Cohen (Director)	$0	$0	$0
Daniel Cruz (Director)	$0	$0	$0
B John Dill (Director)	$0	$0	$0
Sheila Dillon (Director)	$0	$0	$0
Evelyn Friedman (Director)	$0	$0	$0
Peter Gagliardi (Director)	$0	$0	$0
Tom Gleason (Director)	$0	$0	$0
Ann Houston (Director)	$0	$0	$0
Jan Miller (Director)	$0	$0	$0
Keith Nisbet (Director)	$0	$0	$0
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990

Filed on Nov. 14, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$8,736,331

Expenses

$7,668,526

Net Income

$1,067,805

Net Assets

$19,866,241

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$7,197,407	82.4%
Investment Income	$31,200	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,507,724	17.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,024,572	26.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,826,654	36.9%

Assets/Debt
Total Assets	$24,953,414
Total Liabilities	$5,087,173
Net Assets	$19,866,241

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph L Flatley (President & Ceo)	$490,064	$0	$146,191
Peter Sargent (Director Of Capital Dev.)	$284,882	$0	$33,182
Richard Becker (Director Of Asset Management)	$267,658	$0	$24,297
Kathleen Mcgilvray (Director Of Investment)	$262,128	$0	$34,215
William Thompson (Director Of Finance)	$252,339	$0	$33,878
Andrea R Daskalakis (Chief Investment Officer)	$234,323	$0	$29,309
Eunice Harps (Director Of Credit)	$233,179	$0	$23,448
Deborah Favreau (Chief Development Officer)	$222,338	$0	$32,944
Bruce Ehrlich (Senior Investment Officer)	$191,747	$0	$14,598
Scott Backman (Deputy Director Of Asset Mgt)	$180,114	$0	$29,603
Melissa Sheeler (Deputy Director Of Asset Mgt)	$173,424	$0	$24,884
Charles Edwards (Controller)	$171,157	$0	$28,487
Guilliaem Aertsen (Chair)	$0	$0	$0
Elizabeth Gruber (Vice Chair)	$0	$0	$0
Charles Grigsby (Treasurer)	$0	$0	$0
Kevin Boyle (Director)	$0	$0	$0
Howard Cohen (Director)	$0	$0	$0
Daniel Cruz (Director)	$0	$0	$0
B John Dill (Director)	$0	$0	$0
Sheila Dillon (Director)	$0	$0	$0
Evelyn Friedman (Director)	$0	$0	$0
Peter Gagliardi (Director)	$0	$0	$0
Tom Gleason (Director)	$0	$0	$0
Ann Houston (Director)	$0	$0	$0
Jan Miller (Director)	$0	$0	$0
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990

Filed on Aug. 29, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$10,245,865

Expenses

$8,766,898

Net Income

$1,478,967

Net Assets

$18,891,509

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$9,507,998	92.8%
Investment Income	$49,134	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$688,733	6.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,038,647	23.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,049,199	34.8%

Assets/Debt
Total Assets	$29,255,997
Total Liabilities	$10,364,488
Net Assets	$18,891,509

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph L Flatley (President & Ceo)	$490,182	$0	$142,517
Peter Sargent (Director Of Capital Development)	$282,713	$0	$34,334
Richard Becker (Director Of Asset Management)	$270,071	$0	$25,766
William Thompson (Director Of Finance)	$260,970	$0	$32,947
Kathleen Mcgilvray (Director Of Investment)	$255,655	$0	$32,088
Andrea R Daskalakis (Chief Investment Officer)	$240,060	$0	$30,614
Eunice Harps (Director Of Credit)	$238,996	$0	$23,542
Deborah Favreau (Chief Development Officer)	$222,849	$0	$30,825
Bruce Ehrlich (Senior Investment Officer)	$190,682	$0	$14,440
Paul Chan (Director Of Business Development)	$185,597	$0	$11,632
Scott Backman (Deputy Director Of Asset Management)	$179,154	$0	$27,683
Melissa Sheeler (Deputy Director Of Asset Management)	$170,977	$0	$27,483
Guilliaem Aertsen (Chair)	$0	$0	$0
Elizabeth Gruber (Vice Chair)	$0	$0	$0
Charles Grigsby (Treasurer)	$0	$0	$0
Kevin Boyle (Director)	$0	$0	$0
Howard Cohen (Director)	$0	$0	$0
Daniel Cruz (Director)	$0	$0	$0
B John Dill (Director)	$0	$0	$0
Sheila Dillon (Director)	$0	$0	$0
Evelyn Friedman (Director)	$0	$0	$0
Peter Gagliardi (Director)	$0	$0	$0
Tom Gleason (Director)	$0	$0	$0
Ann Houston (Director)	$0	$0	$0
Jan Miller (Director)	$0	$0	$0
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990

Filed on June 23, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$12,442,452

Expenses

$9,112,371

Net Income

$3,330,081

Net Assets

$17,745,891

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,002,361	96.5%
Investment Income	$69,818	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$370,273	3.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,005,905	22.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,894,756	31.8%

Assets/Debt
Total Assets	$26,344,366
Total Liabilities	$8,598,475
Net Assets	$17,745,891

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph L Flatley (President & Ceo)	$514,601	$0	$142,101
Paul K Chan (Director Of Development)	$279,712	$0	$20,094
Peter Sargent (Director Of Capital Development)	$270,294	$0	$34,152
Richard Becker (Director Of Asset Management)	$259,567	$0	$24,930
William Thompson (Director Of Finance)	$235,798	$0	$29,976
Eunice Harps (Director Of Credit)	$223,290	$0	$22,482
Andrea R Daskalakis (Chief Investment Officer)	$222,643	$0	$30,673
Kathleen Mcgilvray (Director Of Investment)	$212,509	$0	$29,883
Deborah Favreau (Chief Development Officer)	$196,173	$0	$29,338
Bruce Ehrlich (Senior Investment Officer)	$176,011	$0	$13,741
Scott Backman (Deputy Director Of Asset Mgmt)	$159,219	$0	$26,198
Melissa Sheeler (Deputy Director Of Asset Mgmt)	$149,728	$0	$16,302
Guilliaem Aertsen (Chair)	$0	$0	$0
Elizabeth Gruber (Vice Chair)	$0	$0	$0
Charles Grigsby (Treasurer)	$0	$0	$0
Kevin Boyle (Director)	$0	$0	$0
Howard Cohen (Director)	$0	$0	$0
Daniel Cruz (Director)	$0	$0	$0
B John Dill (Director)	$0	$0	$0
Sheila Dillon (Director)	$0	$0	$0
Evelyn Friedman (Director)	$0	$0	$0
Peter Gagliardi (Director)	$0	$0	$0
Tom Gleason (Director)	$0	$0	$0
Ann Houston (Director)	$0	$0	$0
Jan Miller (Director)	$0	$0	$0
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990

Filed on Aug. 5, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$15,929,048

Expenses

$12,575,008

Net Income

$3,354,040

Net Assets

$14,565,499

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,464,687	97.1%
Investment Income	$114,516	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$68,694
Net Inventory Sales	$0
Other Revenue	$418,539	2.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,890,760	15.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,901,176	23.1%

Assets/Debt
Total Assets	$31,342,380
Total Liabilities	$16,776,881
Net Assets	$14,565,499

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph L Flatley (President & Ceo)	$466,969	$0	$100,000
Paul K Chan (Director Of Development)	$273,268	$0	$19,833
Peter Sargent (Director Of Capital Development)	$262,759	$0	$32,882
Richard Becker (Director Of Asset Management)	$252,082	$0	$24,169
Andrea R Daskalakis (Chief Investment Officer)	$215,405	$0	$29,902
William Thompson (Director Of Finance)	$214,559	$0	$28,920
Eunice Harps (Director Of Credit)	$205,718	$0	$21,396
Deborah Favreau (Senior Investment Officer)	$189,852	$0	$28,350
Kathleen Mcgilvray (Deputy Director Of Investment)	$189,595	$0	$28,579
Bruce Ehrlich (Senior Investment Officer)	$173,946	$0	$15,057
Scott Backman (Senior Asset Management Officer)	$145,637	$0	$22,615
Charles Edwards (Controller)	$140,026	$0	$22,207
Guilliaem Aertsen (Chairman)	$0	$0	$0
Tom Gleason (Director)	$0	$0	$0
Kevin Boyle (Director)	$0	$0	$0
Howard Cohen (Director)	$0	$0	$0
Daniel Cruz Jr (Director)	$0	$0	$0
B John Dill (Director)	$0	$0	$0
Sheila Dillon (Director)	$0	$0	$0
Evelyn Friedman (Director)	$0	$0	$0
Peter Gagliardi (Director)	$0	$0	$0
Jan Miller (Director)	$0	$0	$0
Charles Grigsby (Treasurer)	$0	$0	$0
Elizabeth Gruber (Vice Chairman)	$0	$0	$0
Martin Rogosa (Director)	$0	$0	$0
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990

Filed on July 28, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$25,345,173

Expenses

$23,088,663

Net Income

$2,256,510

Net Assets

$11,184,941

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,725,176	97.6%
Investment Income	$151,864	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$468,133	1.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,790,902	7.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,609,899	11.3%

Assets/Debt
Total Assets	$33,981,872
Total Liabilities	$22,796,931
Net Assets	$11,184,941

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$24,272,332

Expenses

$21,986,697

Net Income

$2,285,635

Net Assets

$8,953,823

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$23,004,433	94.8%
Investment Income	$207,526	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,060,373	4.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,554,077	7.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,531,218	11.5%

Assets/Debt
Total Assets	$35,847,048
Total Liabilities	$26,893,225
Net Assets	$8,953,823

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 »

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 July 11, 2024

Massachusetts Housing Investment Corp

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $16.1M (2022)

Expenses $13.5M (2022)

Total Assets $65.5M (2022)

Total Liabilities $36.8M (2022)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Revenue

$16.1M (2022)

Expenses

$13.5M (2022)

Total Assets

$65.5M (2022)

Total Liabilities

$36.8M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending June
2003

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2002

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2001

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2000

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1999