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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$92.8M
+34.3% YoY
Annual Giving
$145K
+38.1% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$29K
-17.1% YoY
About Massachusetts Housing Investment
Based on IRS filings
Massachusetts Housing Investment is a nonprofit organization focused on Housing & Shelter, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $92.8M in total assets. In 2024, it awarded 5 grants totaling $145K. Net investment income was $643K.
Focus Areas
Ready to take the next step with Massachusetts Housing Investment?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $92,801,133 | $69,106,179 | $65,477,306 |
| Revenue | $22,569,310 | $73,602,541 | $16,061,783 |
| Expenses | $11,762,667 | $71,806,719 | $13,502,667 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $643,307 | $60,543,950 | $80,866 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include National Association of State and Local Equity Funds ($65,000), Massachusetts Association of Community Development Corp ($30,000), Citizens Housing and Planning Association ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS OAKLAND, CA | CHARITABLE CONTRIBUTION FOR GENERAL FUNDING | $65,000 |
| CITIZENS HOUSING AND PLANNING ASSOCIATION BOSTON, MA | CHARITABLE CONTRIBUTION FOR GENERAL FUNDING | $25,000 |
| MASSACHUSETTS ASSOCIATION OF COMMUNITY DEVELOPMENT CORP BOSTON, MA | CHARITABLE CONTRIBUTION FOR GENERAL FUNDING | $30,000 |
| NATIONAL ASSOCIATION OF AFFORDABLE HOUSING LENDERS WASHINGTON, DC | CHARITABLE CONTRIBUTION FOR GENERAL FUNDING | $15,000 |
| URBAN EDGE ROXBURY, MA | CHARITABLE CONTRIBUTION FOR GENERAL FUNDING | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANIEL CRUZ JR | VICE CHAIR | 1 | — |
| ELIZABETH GRUBER | CHAIR | 1 | — |
| B JOHN DILL | TREASURER | 1 | — |
| PATRICIA MARINILLI | DIRECTOR | 1 | — |
| THOMAS ALPERIN | DIRECTOR | 1 | — |
| AMY FARRELL | DIRECTOR | 1 | — |
| SHEILA DILLON | DIRECTOR | 1 | — |
| KEITH FAIREY | DIRECTOR | 1 | — |
| PETER GAGLIARDI | DIRECTOR | 1 | — |
| PAMELA FEINGOLD | DIRECTOR | 1 | — |
| EVELYN FRIEDMAN | DIRECTOR | 1 | — |
| TOM GLEASON | DIRECTOR | 1 | — |
| JENNIFER MADDOX | DIRECTOR | 1 | — |
| KEITH NISBET | DIRECTOR | 1 | — |
| DIANE SMITH | DIRECTOR | 1 | — |
| AMY SCHECTMAN | DIRECTOR | 1 | — |
| AL ULUATAM | DIRECTOR | 1 | — |
| MODDIE TURAY | PRESIDENT & CEO | 40 | $623,189 |
| WILLIAM THOMPSON | CHIEF FINANCIAL OFFICER | 40 | $358,557 |
| CHARLES EDWARDS | DIRECTOR OF FINANCE | 40 | $278,440 |
| SCOTT BACKMAN | DIRECTOR OF ASSET MANAGEMENT | 40 | $289,103 |
| TRAVIS WATSON | DIRECTOR OF COMMUNITY IMPACT | 40 | $247,221 |
| MASON SHEELER | SENIOR FUND MANAGER | 40 | $249,437 |
| JOHN-PAUL VACHON | DEPUTY DIRECTOR EQUITY INVESTMENTS | 40 | $271,345 |
| K BETH O'DONNELL | DIRECTOR OF COMMUNITY INVESTMENT | 40 | $252,812 |
| SEAN BEIRNE | DIRECTOR OF CAPITAL DEVELOPMENT | 40 | $228,640 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Massachusetts Housing Investment?
Massachusetts Housing Investment is a nonprofit organization focused on Housing & Shelter, based in BOSTON, MA. It holds $92.8M in total assets as of 2024.
How large is Massachusetts Housing Investment?
As of 2024, Massachusetts Housing Investment holds $92.8M in total assets with $22.6M in annual revenue. It awarded 5 grants totaling $145K in 2024.
Where does Massachusetts Housing Investment operate?
Massachusetts Housing Investment has awarded grants in California, District of Columbia, Massachusetts.
What size grants does Massachusetts Housing Investment award?
In 2024, Massachusetts Housing Investment awarded 5 grants totaling $145K — an average of about $29K per grant, based on its IRS Form 990 filings.
What is Massachusetts Housing Investment's EIN?
Massachusetts Housing Investment's EIN (Employer Identification Number) is 04-3094550. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Massachusetts Housing Investment's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Conservation Food and Health Foundation
BOSTON, MA
Assets
$14.6M
Grants
49
Total Given
$2.2M
Charles J Tasker Memorial Scholarship Fund
HANOVER, MA
Assets
$98K
Grants
1
Total Given
$8K
The Bulens Family Foundation
WELLESLEY, MA
Assets
$3.0M
Grants
68
Total Given
$956K
Marshall M & Barbara J Sloane Pvt Found
CHESTNUT HILL, MA
Assets
$1.2M
Grants
11
Total Given
$75K
John J Mcardle Iii & Joan C Mcardle
ANDOVER, MA
Assets
$1.8M
Grants
13
Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
$18.1M
Grants
2
Total Given
$71K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Massachusetts Housing Investment on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Massachusetts Housing Investment to a real strategy.