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Filing year 2023

MASSACHUSETTS HOUSING INVESTMENT CORPORATION

Boston, Massachusetts·EIN 04-3094550·NTEE L120 · Housing & Shelter·3
Total revenue
$73.6M
Total assets
$69.1M
Total expenses
$71.8M
Reported officers
28
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.

Executive compensation, broken down

Form 990 · Schedule J · 11 reported individuals · Filing year 2023

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
$605k
$666k
Chief Financial Officer
$425k
$468k
Director of Asset Management
key employee
$346k
$382k
Chief Development Officer
$341k
$375k
Director of Accounting
key employee
$330k
$364k
Director of Racial Equity
highest compensated employee
$309k
$340k
Senior Investment Officer
highest compensated employee
$293k
$323k
Chief Development Officer
$259k
$285k
Construction Liaison Officer
highest compensated employee
$246k
$271k
Treasury Officer
highest compensated employee
$224k
$246k
Former President & CEO
former officer/director/trustee
$167k
$184k

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.

Browse compensation in Housing & Shelter

Up 43%
from 2022

From $424k in 2022 to $605k in 2023.

$424k
2022
$605k
2023
In today's dollarsEst.
Up 38% in real terms$484k to $666k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MASSACHUSETTS HOUSING INVESTMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$16.1M
$13.5M
2022
$73.6M
$71.8M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Housing & Shelter executives earn in Massachusetts

Comparable housing & shelter organizations in Massachusetts pay their highest-earning executive a median of $54,232.

25th percentile
$25k
Median
$54,232
75th percentile
$156k
90th percentile
$236k

These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 328 organizations across 328 filings (2021 – 2024).

See full Housing & Shelter pay data for Massachusetts
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