MASSACHUSETTS HOUSING INVESTMENT CORPORATION
AI Summary
MASSACHUSETTS HOUSING INVESTMENT CORPORATION is a nonprofit focused on shelter and residential care, with a mission to be an innovative private financier of affordable housing and community development throughout New England by providing financing that would not otherwise be available. In filing year 2024, it reported an operating budget of $11.6M and total revenue of $22.6M, with top funders including The Chicago Community Trust, FRANK E PAYNE AND SEBA B PAYNE FOUNDATION, and Boston Foundation, Inc.
Mission Statement
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.
Cause Areas
1
Shelter and residential care
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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- 7 funders
- 60 board & team members
- 12 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is MASSACHUSETTS HOUSING INVESTMENT CORPORATION’s budget?
In 2024, MASSACHUSETTS HOUSING INVESTMENT CORPORATION reported an annual operating budget of around $11.6 million. More detailed financial information is available to registered users.
What causes does MASSACHUSETTS HOUSING INVESTMENT CORPORATION support?
MASSACHUSETTS HOUSING INVESTMENT CORPORATION supports work in Shelter and residential care.
Where does MASSACHUSETTS HOUSING INVESTMENT CORPORATION operate?
MASSACHUSETTS HOUSING INVESTMENT CORPORATION is headquartered in Boston, MA.
Who funded MASSACHUSETTS HOUSING INVESTMENT CORPORATION recently?
In 2024, MASSACHUSETTS HOUSING INVESTMENT CORPORATION received grants from The Chicago Community Trust, Boston Foundation, Inc, and Boston Foundation, Inc. More information on this organization’s funders is available to registered users.
What is the largest grant MASSACHUSETTS HOUSING INVESTMENT CORPORATION received in 2024?
The largest grant to MASSACHUSETTS HOUSING INVESTMENT CORPORATION in 2024 exceeds $7 million.
What is MASSACHUSETTS HOUSING INVESTMENT CORPORATION’s reliance on government grants?
MASSACHUSETTS HOUSING INVESTMENT CORPORATION relied on government grants for more than 15% of their total revenue in 2024.