Massdevelopment Hefa Trust
THE TRUST MAY PROVIDE FUNDS (I) FOR THE BENEFIT OF MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MASSDEVELOPMENT), A QUASIPUBLIC ENTITY, TO REDUCE CHARGES THAT IT OTHERWISE WOULD IMPOSE ON CERTAIN INSTITUTIONS USING ITS SERVICES AND (II) FOR THE (SEE SCHEDULE O) BENEFIT OF CERTAIN CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES THAT THE FORMER MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY, PRIOR TO ITS MERGER BY LAW INTO MASSDEVELOPMENT, WAS AUTHORIZED BY STATUTE TO ASSIST.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.1M
+8.0% YoY
Annual Giving
$349K
+132.8% YoY
Grant Count
7
+133.3% YoY
Avg Grant Size
$50K
-0.2% YoY
About Massdevelopment Hefa Trust
Based on IRS filings
Massdevelopment Hefa Trust is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.1M in total assets. In 2024, it awarded 7 grants totaling $349K. Net investment income was $509K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,059,179 | $9,317,179 | $8,927,090 |
| Revenue | $510,141 | $74,249 | $807,797 |
| Expenses | $446,405 | $247,455 | $1,071,438 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $509,394 | $74,249 | $807,797 |
| 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 7 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Duffy Health Center Inc ($50,000), Community Healthlink Inc ($50,000), Holyoke Health Center Inc ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DUFFY HEALTH CENTER INC HYANNIS, MA | INSTALLATION OF A PATIENT BATHROOM MONITORING SYSTEM (LINKED TO AN ALARM SYSTEM) THAT ALERTS STAFF IF BATHROOM OCCUPANTS ARE MOTIONLESS. | $50,000 |
| COMMUNITY HEALTHLINK INC WORCESTER, MA | RENOVATION INCLUDES NEW FLOORS, FRYER, ELECTRICAL UPGRADE, DELIVERY DOOR, FOOD STORAGE RACKS, AND OTHER FOOD PREP ITEMS. | $50,000 |
| HOLYOKE HEALTH CENTER INC HOLYOKE, MA | FUNDS ARE REQUESTED FOR A FACILITY UPGRADE TO THE MAIN BUILDING OF THE HOLYOKE HEALTH CENTER (HHC) CAMPUS. | $50,000 |
| GREATER LAWRENCE FAMILY HEALTH CTR METHUEN, MA | PURCHASE OF A NEW, 2-EXAM ROOM, MOBILE HEALTH UNIT (MHU). | $50,000 |
| LOWELL COMMUNITY HEALTH CTR LOWELL, MA | PURCHASE OF FURNITURE FOR NEW SCHOOL-BASED HEALTH CENTER FACILITIES AT LOWELL HIGH SCHOOL AS PART OF THE COMPLETE RENOVATION OF THE HIGH SCHOOL CAMPUS SITE. | $50,000 |
| BROCKTON NEIGHBORHOOD HEALTH CTR BROCKTON, MA | EQUIPMENT AND FURNITURE FOR 17 NEW EXAM ROOMS, INCLUDING 16 EXAMINATION TABLES, 1 EXAM TABLE WITH A POWER BASE, DOCTOR STOOLS, 12 INTEGRATED WALL DIAGNOSTIC SYSTEMS, AND EXAM TABLE COVERINGS. | $49,878 |
| LYNN COMMUNITY HEALTH CENTER LYNN, MA | AV TECHNOLOGY PROJECT. | $49,336 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRIAN KAVOOGIAN | TRUSTEE | 1 | — |
| SEAN CALNAN | DIRECTOR/CLERK | 1 | — |
| SIMON GERLIN | EVP FINANCE/CFO | 1 | — |
| DANIEL RIVERA | PRESIDENT/CEO | 1 | — |
| CYNTHIA TONUCCI | INTERIM EVP FINANCE PROGRAMS | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Massdevelopment Hefa Trust?
Massdevelopment Hefa Trust is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $10.1M in total assets as of 2024.
How large is Massdevelopment Hefa Trust?
As of 2024, Massdevelopment Hefa Trust holds $10.1M in total assets with $510K in annual revenue. It awarded 7 grants totaling $349K in 2024.
Where does Massdevelopment Hefa Trust operate?
Massdevelopment Hefa Trust has awarded grants in Massachusetts.
What size grants does Massdevelopment Hefa Trust award?
In 2024, Massdevelopment Hefa Trust awarded 7 grants totaling $349K — an average of about $50K per grant, based on its IRS Form 990 filings.
What is Massdevelopment Hefa Trust's EIN?
Massdevelopment Hefa Trust's EIN (Employer Identification Number) is 04-3379905. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Massdevelopment Hefa Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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