Massachusetts Housing Investment Corp
21 Custom House Street 8th Floor, Boston, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $20,217,610 | $12,513,933 | $48,168,456 |
| FY2024 | $22,569,310 | $11,762,667 | $40,913,139 |
| FY2023 | $73,602,541 | $71,806,719 | $30,358,380 |
| FY2022 | $16,061,783 | $13,502,667 | $28,640,918 |
| FY2021 | $18,783,706 | $16,764,177 | $22,923,763 |
| FY2020 | $14,048,533 | $13,753,699 | $21,064,864 |
| FY2019 | $11,038,740 | $10,365,322 | $21,694,679 |
| FY2018 | $11,222,647 | $9,450,773 | $21,576,825 |
| FY2017 | $11,447,325 | $10,750,786 | $20,212,221 |
| FY2016 | $8,736,331 | $7,668,526 | $19,866,241 |
| FY2015 | $10,245,865 | $8,766,898 | $18,891,509 |
| FY2014 | $12,442,452 | $9,112,371 | $17,745,891 |
| FY2013 | $15,929,048 | $12,575,008 | $14,565,499 |
| FY2012 | $25,345,173 | $23,088,663 | $11,184,941 |
Form 990 filings
The returns filed by Massachusetts Housing Investment Corp (EIN 04-3094550), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $7,374,499 | 36% |
| Program service revenue | $11,552,640 | 57% |
| Other revenue | $1,290,471 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $11,085,043 | 89% |
| Management & general | $1,428,890 | 11% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 57% of total revenue in FY2025.
- Program services accounted for 89% of functional expenses, management & general 11%, and fundraising 0%.
- 89% of functional expenses went to program services in FY2025. That is higher than 63.3% of 49 Housing & Shelter organizations in MA.
- Net assets covered about 46.2 months of expenses at the end of the reporting year. That puts it in the 71st percentile among 597 Housing & Shelter organizations in MA.
- Total revenue was higher than 97.4% of 617 Housing & Shelter organizations in MA.
- Total revenue fell from $25,345,173 in FY2012 to $20,217,610 in FY2025. Revenue increased in 4 and decreased in 9 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- The highest revenue on record here is $73,602,541 in FY2023.
- Net assets grew from $11,184,941 to $48,168,456 between FY2012 and FY2025.
- Contributions and grants made up 0% of revenue in FY2012 and 37% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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.
IRS status
| Ruling year | 1993 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L120 — Housing & Shelter (in MA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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