Housing & Shelter
Massachusetts Housing Investment Corp
BOSTON, MA
Total revenue
$22.6M
Total expenses
$11.8M
Net assets
$40.9M
Grants received
$11.7M
10 grants
EIN
043094550
Tax year
2024
Mission
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.
Programs
3 programs
Managed a program that provides financing for equity investment in low-income housing developments that qualify for tax credits.
Managed a program that provides loans to finance low-income housing or to bridge investor capital of affiliated programs. Funding for this program includes grants or other assistance from the u.s. Department of the treasury community development financial institutions fund and other state and local municipalities in addition to debt financing from the federal home loan bank of boston and other various lenders.
Managed a program that provides financing to invests in, makes loans to, and manages private equity funds that hold transit oriented and work force housing to the benefit of residents between 60 and 130% ami.
Financials
FY 2024
Revenue
Expenses
People
26 listed
MODDIE TURAY
PRESIDENT & CEO
$623K
40 hrs/wk
WILLIAM THOMPSON
CHIEF FINANCIAL OFFICER
$359K
40 hrs/wk
PAMELA FEINGOLD
DIRECTOR
—
1 hrs/wk
EVELYN FRIEDMAN
DIRECTOR
—
1 hrs/wk
TOM GLEASON
DIRECTOR
—
1 hrs/wk
JENNIFER MADDOX
DIRECTOR
—
1 hrs/wk
DANIEL CRUZ JR
VICE CHAIR
—
1 hrs/wk
DIANE SMITH
DIRECTOR
—
1 hrs/wk
AMY SCHECTMAN
DIRECTOR
—
1 hrs/wk
AL ULUATAM
DIRECTOR
—
1 hrs/wk
KEITH NISBET
DIRECTOR
—
1 hrs/wk
ELIZABETH GRUBER
CHAIR
—
1 hrs/wk
B JOHN DILL
TREASURER
—
1 hrs/wk
PATRICIA MARINILLI
DIRECTOR
—
1 hrs/wk
THOMAS ALPERIN
DIRECTOR
—
1 hrs/wk
AMY FARRELL
DIRECTOR
—
1 hrs/wk
SHEILA DILLON
DIRECTOR
—
1 hrs/wk
KEITH FAIREY
DIRECTOR
—
1 hrs/wk
PETER GAGLIARDI
DIRECTOR
—
1 hrs/wk
SCOTT BACKMAN
DIRECTOR OF ASSET MANAGEMENT
$289K
40 hrs/wk
CHARLES EDWARDS
DIRECTOR OF FINANCE
$278K
40 hrs/wk
JOHN-PAUL VACHON
DEPUTY DIRECTOR EQUITY INVESTMENTS
$271K
40 hrs/wk
K BETH O'DONNELL
DIRECTOR OF COMMUNITY INVESTMENT
$253K
40 hrs/wk
MASON SHEELER
SENIOR FUND MANAGER
$249K
40 hrs/wk
TRAVIS WATSON
DIRECTOR OF COMMUNITY IMPACT
$247K
40 hrs/wk
SEAN BEIRNE
DIRECTOR OF CAPITAL DEVELOPMENT
$229K
40 hrs/wk
Independent contractors
NOLAN SHEEHAN PATTEN LLP
LEGAL
SHALINI KONDURI
IT CONSULTING
HOLLAND & KNIGHT LLP
LEGAL
SB FRIEDMAN & COMPANY
CONSULTING
Grants received
Showing 10 of 10
Funded by
$11.7M from 7 funders · 10 grants · 2017–2024
$7M · 1 grant · 2023
$3M · 1 grant · 2022
$905K · 2 grants · 2022–2023
$515K · 1 grant · 2021
$225K · 2 grants · 2023–2024
$25K · 1 grant · 2017
$20K · 2 grants · 2020–2021