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
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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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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Communities for Restorative Justice
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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