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 salary | Bonus | Other compensation | Benefits | Executive compensation | |
|---|---|---|---|---|---|
Director of Asset Management key employee $346k | |||||
Director of Accounting key employee $330k | |||||
Director of Racial Equity highest compensated employee $309k | |||||
Senior Investment Officer highest compensated employee $293k | |||||
Construction Liaison Officer highest compensated employee $246k | |||||
Treasury Officer highest compensated employee $224k | |||||
Former President & CEO former officer/director/trustee $167k | |||||
Plus 17 unpaid individuals.
Up 43%
from 2022
From $424k in 2022 to $605k in 2023.
$424k
2022
$605k
2023
$424k
2022
$605k
2023
Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
1
ACTIVE RETIREMENT COMMUNITY INC2023
$796k
2
MASSACHUSETTS HOUSING INVESTMENT2023
$605k
3
Harbor Homes Inc2022
$380k
4
Satellite Affordable Housing Associates2022
$356k
5
FATHER BILL'S & MAINSPRING INC2022
$277k
6
HOUSING ASSISTANCE CORPORATION2022
$262k
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