MASSACHUSETTS HOUSING INVESTMENT CORPORATION
21 CUSTOM HOUSE STREET 8TH FLOOR, BOSTON, MA 02110 www.mhic.com

Total Revenue
$11,038,740
Total Expenses
$10,365,322
Net Assets
$21,694,679

Organizations Filed Purposes: 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.

MANAGED A PROGRAM THAT PROVIDES FINANCING FOR EQUITY INVESTMENT IN LOW-INCOME HOUSING DEVELOPMENTS THAT QUALIFY FOR TAX CREDITS.

MANAGED A PROGRAM THAT PROVIDES LOANS TO FINANCE LOW-INCOME HOUSING OR TO BRIDGE INVESTOR CAPITAL OF AFFILIATED PROGRAMS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Joseph L FlatleyPRESIDENT & CEO40$705,000
Kathleen McgilvrayDIRECTOR OF INVESTMENT40$326,979
William ThompsonCHIEF FINANCIAL OFFICER40$321,450
Peter SargentDIRECTOR OF CAPITAL DEV.40$319,592
Scott BackmanDIRECTOR OF ASSET MANAGEMENT40$252,795
Deborah FavreauCHIEF DEVELOPMENT OFFICER40$248,565
Bruce EhrlichSENIOR INVESTMENT OFFICER40$235,765
Melissa SheelerSENIOR INVESTMENT PORTFOLIO OFFICER40$220,047
Charles EdwardsCONTROLLER40$211,148
Andrea R DaskalakisCHIEF INVESTMENT OFFICER40$207,674
Amy SchectmanDIRECTOR1$0
Thomas AlperinDIRECTOR1$0
Matthew MurphyDIRECTOR1$0
Martin RogosaDIRECTOR1$0
Chrystal KornegayDIRECTOR1$0
Keith NisbetDIRECTOR1$0
Jan MillerDIRECTOR1$0
Ann HoustonDIRECTOR1$0
Tom GleasonDIRECTOR1$0
Peter GagliardiDIRECTOR1$0
Evelyn FriedmanDIRECTOR1$0
Sheila DillonDIRECTOR1$0
B John DillDIRECTOR1$0
Daniel CruzDIRECTOR1$0
Howard CohenDIRECTOR1$0
Reza AghamirzadehDIRECTOR1$0
Charles GrigsbyTREASURER1$0
Elizabeth GruberVICE CHAIR1$0
Guilliaem AertsenCHAIR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202013039349301016_public.xml