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 salary | Bonus | Other compensation | Benefits | Executive compensation | |
|---|---|---|---|---|---|
Director of Asset Management key employee $346k $382k | |||||
Director of Accounting key employee $330k $364k | |||||
Director of Racial Equity highest compensated employee $309k $340k | |||||
Senior Investment Officer highest compensated employee $293k $323k | |||||
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.
Up 43%
from 2022
From $424k in 2022 to $605k in 2023.
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.
Revenue and expenses over time
MASSACHUSETTS HOUSING INVESTMENT CORPORATION reported revenue and expenses across 2 filing years.
What Housing & Shelter executives earn in Massachusetts
Comparable housing & shelter organizations in Massachusetts pay their highest-earning executive a median of $54,232.
These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 328 organizations across 328 filings (2021 – 2024).
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