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.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Massachusetts.
- Base
- $460k
- Bonus
- $120k
- Other
- $43k
- Benefits
- $37k
- Base
- $289k
- Bonus
- $51k
- Other
- $18k
- Benefits
- $35k
- Base
- $240k
- Bonus
- $42k
- Other
- $8k
- Benefits
- $24k
- Base
- $225k
- Bonus
- $12k
- Other
- $35k
- Benefits
- $17k
- Base
- $225k
- Bonus
- $28k
- Other
- —
- Benefits
- $26k
- Base
- $209k
- Bonus
- $37k
- Other
- $2k
- Benefits
- $39k
- Base
- $237k
- Bonus
- $41k
- Other
- $250
- Benefits
- $16k
- Base
- $202k
- Bonus
- $35k
- Other
- $12k
- Benefits
- $26k
- Base
- $208k
- Bonus
- $21k
- Other
- —
- Benefits
- $33k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & CEO Above 90th percentile | $460k | $120k | $43k | $37k | $720k $768k |
Chief Financial Officer Above 90th percentile | $289k | $51k | $18k | $35k | $431k $460k |
Director of Asset Management Key Employee Above 90th percentilevs Housing & Shelter peers nationwide | $240k | $42k | $8k | $24k | $344k $368k |
Deputy Director Equity Investments Highest Compensated Employee Above 90th percentile | $225k | $12k | $35k | $17k | $329k $351k |
Director of Community Investment Highest Compensated Employee Above 90th percentile | $225k | $28k | — | $26k | $327k $349k |
Director of Community Impact Highest Compensated Employee Above 90th percentile | $209k | $37k | $2k | $39k | $326k $348k |
Director of Finance Above 90th percentile | $237k | $41k | $250 | $16k | $325k $347k |
Senior Fund Manager Highest Compensated Employee Above 90th percentile | $202k | $35k | $12k | $26k | $322k $344k |
Director of Capital Development Above 90th percentilevs Housing & Shelter peers nationwide | $208k | $21k | — | $33k | $301k $322k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 17 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at MASSACHUSETTS HOUSING INVESTMENT CORPORATION equaled 6% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Climbed 70%
over 2 years
From $424k in 2022 to $720k in 2024.
Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 70% from 2022 to 2024, while revenue rose 41%.
- Chief Financial Officer pay rose 24% from 2022 to 2024.
- Key Employee pay rose 1% from 2022 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about MASSACHUSETTS HOUSING INVESTMENT CORPORATION
What does the Chief Executive Officer of MASSACHUSETTS HOUSING INVESTMENT CORPORATION earn?
In 2024, the Chief Executive Officer of MASSACHUSETTS HOUSING INVESTMENT CORPORATION received $719,734 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Housing & Shelter organizations in Massachusetts: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at MASSACHUSETTS HOUSING INVESTMENT CORPORATION compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Massachusetts, the 2024 pay of the Chief Executive Officer at MASSACHUSETTS HOUSING INVESTMENT CORPORATION falls in the top 10%. In 2024, the highest total compensation at MASSACHUSETTS HOUSING INVESTMENT CORPORATION equaled 6% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are MASSACHUSETTS HOUSING INVESTMENT CORPORATION's revenue and expenses?
In 2024, MASSACHUSETTS HOUSING INVESTMENT CORPORATION reported $22.6M in total revenue and $11.8M in total expenses on its IRS Form 990.
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