Skip to content
Nonprofiteer
← All organizations

MASSHOUSING PROPERTY ACQUISITION AND DISPOSITION CORPORATION

EIN 04-3129500 BOSTON, MA

Largest nonprofits in Massachusetts

Revenue 2024
$0
Expenses 2024
$0

As filed

Subsection
03
NTEE code
L20Z
Classification
1000
Street
ONE BEACON STREET

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Primary exempt purpose

TO ACQUIRE, OWN, MANAGE AND/OR SELL (OR OTHERWISE DISPOSE OF) REAL AND/OR PERSONAL PROPERTY RELATING TO, WITHOUT LIMITATION, FORECLOSURES OF MULTIFAMILY OR SINGLE-FAMILY PROPERTIES FINANCED BY THE MASSACHUSETTS HOUSING FINANCE AGENCY ("MASSHOUSING") OR OTHER REAL AND/OR PERSONAL PROPERTY (INCLUDING BUT NOT LIMITED TO PLEDGED COLLATERAL) TO BE ACQUIRED BY, OR OTHERWISE TRANSFERRED TO OR FOR THE BENEFIT OF, MASSHOUSING IN CONNECTION WITH MASSHOUSING'S MULTIFAMILY AND SINGLE-FAMILY BUSINESS LINES AND (2) TO ENGAGE IN ANY ACTIVITIES DIRECTLY OR INDIRECTLY RELATED OR INCIDENTAL THERETO FOR WHICH LIMITED LIABILITY COMPANIES MAY BE ORGANIZED UNDER CHAPTER 156C OF THE MASSACHUSETTS GENERAL LAWS.

  • THE ORGANIZATION WAS NOT ACTIVE IN FISCAL YEAR 2025.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jeanne Pinado

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1
  • Darnell Dunn Began 4825

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Carmen Panacopoulos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Patricia McArdle Term 4825

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Thomas Flynn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Herby Duverne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Edward Augustus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Bran Shim Matthew Gorzkowicz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Michael Glover Began 10824

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Jerald Feldman Term 10824

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Chrystal Kornegay

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1
  • Kelly Condon

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $0
    Expenses
    $0
    Contributions
    not reported
    Grants paid
    not reported
  • 2023
    Revenue
    $0
    Expenses
    $0
    Contributions
    not reported
    Grants paid
    not reported
  • 2022
    Revenue
    $0
    Expenses
    $400,000
    Contributions
    $0
    Grants paid
    $400,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $400,000
    Expenses
    $0
    Assets (EOY)
    $400,000
  • 2021 · 990-EZ

    Revenue
    $0
    Expenses
    $0
    Assets (EOY)
    $0
  • 2020 · 990-EZ

    Revenue
    $0
    Expenses
    $0
    Assets (EOY)
    $0
  • 2019 · 990-EZ

    Revenue
    $0
    Expenses
    $0
    Assets (EOY)
    $0

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

  • MASSACHUSETTS HOUSING FINANCE AGENCY

    $400,000

    2022 MASSACHUSETTS HOUSING FINANCE AGENCY (MASSHOUSING) TOOK A 50% OWNERSHIP SHARE OF A PROPERTY (41 ROSEMARY LANE, BARNSTABLE, MA) AS PART OF A $6.9M DEFICIENCY JUDGEMENT FROM THE GUARANTOR OF THE PROPERTY IN MARCH 2022. MASSHOUSING HAS CREATED AN LLC CALLED "PADCO REALTY HOLDINGS I" AS THE LEGAL OWNER OF THE ROSEMARY LANE PROPERTY. THE SOLE MEMBER OF THE LLC IS MASSHOUSING PROPERTY ACQUISITION & DISPOSITION CORPORATION. THE OWNERSHIP SHARE OF THE PROPERTY WAS SOLD IN NOVEMBER 2022, AND THE NET PROCEEDS FROM THE SALE WERE GRANTED BACK TO MASSHOUSING.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2022 return

  • MASSACHUSETTS HOUSING FINANCE AGENCY

    N/A - GOVERNMENTAL E · AFFORDABLE HOUSING · MA

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2022 return

  • PADCO REALTY HOLDINGS I LLC

    RENTAL HOUSING · MA · income $0 · assets $0

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.