Massachusetts Housing Investment Corp
Massachusetts Housing Investment Corp
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About this organization
Mission
MHIC's mission is to be an innovative private financier of affordable 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.
About
Managed a program that provides financing to commercial real estate properties and businesses in low-income communities, thereby stimulating economic development and job creation.
Interesting data from their 2019 990 filing
According to the filing, the non-profit's mission is “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.”.
When referring to its actions, they were described as: “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.”.
- According to the law, the state of operation reported by the non-profit is MA.
- As per the filing, the address of the non-profit for 2019 is 21 CUSTOM HOUSE STREET 8TH FLOOR, BOSTON, MA, 02110.
- According to their form, the non-profit as of 2019 has a total of 30 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,771,874.
- The organization has 19 independent voting members.
- The organization was formed in 1990.
- The organization pays $6,635,352 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.