- Revenue 2025
- $20,217,610
- Expenses 2025
- $12,513,933
Program services were 88.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- L120
- Classification
- 1000
- Street
- 21 CUSTOM HOUSE STREET 8TH FLOOR
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).
Mission and programs · 2025
Mission
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.
-
MANAGED A PROGRAM THAT PROVIDES FINANCING TO COMMERCIAL REAL ESTATE PROPERTIES AND BUSINESSES IN LOW-INCOME COMMUNITIES, THEREBY STIMULATING ECONOMIC DEVELOPMENT AND JOB CREATION.
Expenses $1,676,608 · Revenue $3,240,582
-
MANAGED A PROGRAM THAT PROVIDES FINANCING FOR EQUITY INVESTMENT IN LOW-INCOME HOUSING DEVELOPMENTS THAT QUALIFY FOR TAX CREDITS.
Expenses $1,676,608 · Revenue $3,248,218
-
MANAGED A PROGRAM THAT PROVIDES LOANS TO FINANCE LOW-INCOME HOUSING OR TO BRIDGE INVESTOR CAPITAL OF AFFILIATED PROGRAMS. FUNDING FOR THIS PROGRAM INCLUDES GRANTS OR OTHER ASSISTANCE FROM THE U.S. DEPARTMENT OF THE TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND AND OTHER STATE AND LOCAL MUNICIPALITIES IN ADDITION TO DEBT FINANCING FROM THE FEDERAL HOME LOAN BANK OF BOSTON AND OTHER VARIOUS LENDERS.
Expenses $6,847,794 · Grants $128,787 · Revenue $4,327,690
-
MANAGED A PROGRAM THAT PROVIDES FINANCING TO INVESTS IN, MAKES LOANS TO, AND MANAGES PRIVATE EQUITY FUNDS THAT HOLD TRANSIT ORIENTED AND WORK FORCE HOUSING TO THE BENEFIT OF RESIDENTS BETWEEN 60 AND 130% AMI.
Expenses $884,033 · Revenue $736,150
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Officers and directors · 2025
As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Daniel Cruz JrDANIEL CRUZ JR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth GruberELIZABETH GRUBER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Patricia MarinilliPATRICIA MARINILLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sheila DillonSHEILA DILLON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Keith FaireyKEITH FAIREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Evelyn FriedmanEVELYN FRIEDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom GleasonTOM GLEASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer MaddoxJENNIFER MADDOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Keith NisbetKEITH NISBET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diane SmithDIANE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy SchectmanAMY SCHECTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Moddie TurayMODDIE TURAY
PRESIDENT & CEO
- Total calculated
- $644,610
- From this org
- $577,686
- From related orgs
- $0
- Other
- $66,924
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $460,000
- Bonus
- $117,686
- Other
- $0
- Deferred
- $36,448
- Nontaxable benefits
- $30,476
- Filer's total
- $644,610
-
Carol VenturaCAROL VENTURA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen KentKAREN KENT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mimi LiMIMI LI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Yongmei ChenYONGMEI CHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William ThompsonWILLIAM THOMPSON
CHIEF FINANCIAL OFFICER
- Total calculated
- $408,889
- From this org
- $361,098
- From related orgs
- $0
- Other
- $47,791
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $305,441
- Bonus
- $55,657
- Other
- $0
- Deferred
- $24,435
- Nontaxable benefits
- $23,356
- Filer's total
- $408,889
-
Charles EdwardsCHARLES EDWARDS
DIRECTOR OF FINANCE
- Total calculated
- $328,390
- From this org
- $291,545
- From related orgs
- $0
- Other
- $36,845
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $243,682
- Bonus
- $43,997
- Other
- $3,866
- Deferred
- $19,495
- Nontaxable benefits
- $17,350
- Filer's total
- $328,390
-
K Beth O'DonnellK BETH O'DONNELL
DIRECTOR OF COMMUNITY INVESTMENT
- Total calculated
- $313,734
- From this org
- $273,980
- From related orgs
- $0
- Other
- $39,754
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $232,089
- Bonus
- $41,741
- Other
- $150
- Deferred
- $18,567
- Nontaxable benefits
- $21,187
- Filer's total
- $313,734
-
Sean BeirneSEAN BEIRNE
DIRECTOR OF CAPITAL DEVELOPMENT
- Total calculated
- $335,208
- From this org
- $284,083
- From related orgs
- $0
- Other
- $51,125
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $242,759
- Bonus
- $41,324
- Other
- $0
- Deferred
- $19,421
- Nontaxable benefits
- $31,704
- Filer's total
- $335,208
-
Leslie ReidLESLIE REID
CHIEF OF INVESTMENT PROGRAMS
- Total calculated
- $309,811
- From this org
- $272,544
- From related orgs
- $0
- Other
- $37,267
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $256,275
- Bonus
- $16,269
- Other
- $0
- Deferred
- $20,537
- Nontaxable benefits
- $16,730
- Filer's total
- $309,811
-
Travis WatsonTRAVIS WATSON
DIRECTOR OF COMMUNITY IMPACT
- Total calculated
- $301,292
- From this org
- $256,296
- From related orgs
- $0
- Other
- $44,996
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $217,514
- Bonus
- $38,782
- Other
- $0
- Deferred
- $17,401
- Nontaxable benefits
- $27,595
- Filer's total
- $301,292
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.
Filings
-
2025
- Revenue
- $20,217,610
- Expenses
- $12,513,933
- Contributions
- $7,374,499
- Grants paid
- $128,787
-
2024
- Revenue
- $22,569,310
- Expenses
- $11,762,667
- Contributions
- $10,555,830
- Grants paid
- $164,230
-
2023
- Revenue
- $73,602,541
- Expenses
- $71,806,719
- Contributions
- $1,657,470
- Grants paid
- $135,308
-
2022
- Revenue
- $16,061,783
- Expenses
- $13,502,667
- Contributions
- $3,800,184
- Grants paid
- $136,945
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
- $18,783,706
- Expenses
- $16,764,177
- Assets (EOY)
- $51,753,115
-
2020 · 990
- Revenue
- $14,048,533
- Expenses
- $13,753,699
- Assets (EOY)
- $47,540,355
-
2019 · 990
- Revenue
- $11,038,740
- Expenses
- $10,365,322
- Assets (EOY)
- $54,156,526
-
2018 · 990
- Revenue
- $11,222,647
- Expenses
- $9,450,773
- Assets (EOY)
- $39,539,259
-
2017 · 990
- Revenue
- $11,447,325
- Expenses
- $10,750,786
- Assets (EOY)
- $31,959,514
-
2016 · 990
- Revenue
- $8,736,331
- Expenses
- $7,668,526
- Assets (EOY)
- $24,953,414
-
2015 · 990
- Revenue
- $10,245,865
- Expenses
- $8,766,898
- Assets (EOY)
- $29,255,997
-
2014 · 990
- Revenue
- $12,442,452
- Expenses
- $9,112,371
- Assets (EOY)
- $26,344,366
-
2013 · 990
- Revenue
- $15,929,048
- Expenses
- $12,575,008
- Assets (EOY)
- $31,342,380
-
2012 · 990
- Revenue
- not reported
- Expenses
- $23,088,663
- Assets (EOY)
- $33,981,872
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. Showing the 10 most recent; the API carries the rest.
Grants made
-
2023 CHARITABLE CONTRIBUTION FOR GENERAL FUNDING
-
2024 CHARITABLE CONTRIBUTION FOR GENERAL FUNDING
-
2022 CHARITABLE CONTRIBUTION FOR GENERAL FUNDING
-
2025 CHARITABLE CONTRIBUTION FOR GENERAL FUNDING
-
2024 CHARITABLE CONTRIBUTION FOR GENERAL FUNDING
-
2023 CHARITABLE CONTRIBUTION FOR GENERAL FUNDING
-
2025 CHARITABLE CONTRIBUTION FOR GENERAL FUNDING
-
2024 CHARITABLE CONTRIBUTION FOR GENERAL FUNDING
-
2022 CHARITABLE CONTRIBUTION FOR GENERAL FUNDING
-
2022 CHARITABLE CONTRIBUTION FOR GENERAL FUNDING
The 10 largest by cash amount. The API serves every itemized grant.
Grants received
-
$7,000,000
2023 General support for programs, operations and other charitable purposes
-
$661,667
2022 Operating Support/Annual Fund
-
$243,541
2023 Operating Support/Annual Fund
-
CHILDRENS HOSPITAL CORPORATION
$15,000
2024 Community Partnership
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 2025 return
-
NEIGHBORHOOD STABILIZATION LOAN FUND LLC
TO ADDRESS FORECLOSURE PROBLEMS IN DISTRESSED URBAN AREAS LOCATED IN MA. · MA · income $0 · assets $5,159
-
MHIC NEW MARKETS MANAGER LLC
COMMUNITY DEVELOPMENT · MA · income $0 · assets $0
-
MHIC HNEF MANAGER LLC
COMMUNITY DEVELOPMENT · MA · income $0 · assets $0
-
MHIC HNEF CLASS B INVESTOR LLC
COMMUNITY DEVELOPMENT · MA · income $65,610 · assets $3,346,097
-
MHIC NEW MARKETS INVESTOR LLC
COMMUNITY DEVELOPMENT · MA · income $0 · assets $0
-
MHIC HNEF INVESTOR LLC
COMMUNITY DEVELOPMENT · MA · income $0 · assets $2,000,000
-
MHIC HNEF II MANAGER LLC
COMMUNITY DEVELOPMENT · MA · income -$612,354 · assets $341,723
-
NOAH ACQUISITION LOAN FUND
TO PROVIDE LOANS TO AFFORDABLE RENTAL HOUSING DEVELOPMENTS IN MA · MA · income $167,879 · assets $6,867,879
-
MHIC BOSTON ACQUISITION FUND LLC
COMMUNITY DEVELOPMENT · MA · income $90,218 · assets $8,990,218
Related partnerships on its 2025 return
-
MHIC LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MEETING STREET INVESTMENT FUND
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF 481 CORP FUND I LLC
COMMUNITY DEVELOPMENT · MA
-
MHEF BOA FUND I LIMITED PARTNERSHIP
AFFORDABLE HOUSING · MA
-
MHEF XIV LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF XVI LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF XVII LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF XVIII LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF XIX LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF XX LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF 481 CORP FUND II LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF 481 CORP FUND III LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF HOLDINGS LLC
COMMUNITY DEVELOPMENT · MA · general or managing partner
-
MHEF SOCIAL IMPACT FUND I
COMMUNITY DEVELOPMENT · MA · general or managing partner
-
MHEF RBS CITIZENS EQUITY FUND LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF XXI LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF XXII LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
CITIZENS-MHEF HIGHLAND GLEN INVESTOR LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF XXIV LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF-PUB FUND I LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF 30 LIMITED PARTNERSHIP
COMMUNITY DEVELOPMENT · MA · general or managing partner
-
MHIC RBS CITIZENS NMTC FUND LLC
COMMUNITY DEVELOPMENT · MA · general or managing partner
-
HEALTHY NEIGHBORHOODS EQUITY FUND I LP
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF XXIII LLC
AFFORDABLE HOUSING · MA · general or managing partner
-
MHEF EASTERN FUND I
AFFORDABLE HOUSING · MA · general or managing partner
The first 25 as filed. The return lists the rest.
Related corporations and trusts on its 2025 return
-
MHEF INC
C · INVEST IN LOW INCOME, MULTI-FAMILY HOUSING · MA · 100% owned · controlled entity
-
COMMUNITY HOUSING INVESTMENT MANAGEMENT PARTNERSHIP
C · REAL ESTATE FINANCE · MA · 100% owned · controlled entity
-
MHIC-GM INC
C · REAL ESTATE FINANCE · MA · 100% owned · controlled entity
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 2025, the newest we have parsed for this organization.