MASSACHUSETTS HOUSING INVESTMENT CORPORATION
AI Summary
The Massachusetts Housing Investment Corporation (EIN: 04-3094550) is a nonprofit organization dedicated to providing innovative financing for affordable housing and community development throughout New England. With an operating budget of $11.6 million and total revenue of $22.6 million for the fiscal year 2024, MHIC aims to extend access to financing that would otherwise be unavailable, ensuring broad benefits for the communities it serves. The organization does not rely on any single funder for 50% or more of its revenue. For more information, visit www.mhic.com.
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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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.