THE TRUST MAY PROVIDE FUNDS (I) FOR THE BENEFIT OF MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MASSDEVELOPMENT), A QUASIPUBLIC ENTITY, TO REDUCE CHARGES THAT IT OTHERWISE WOULD IMPOSE ON CERTAIN INSTITUTIONS USING ITS SERVICES AND (II) FOR THE (SEE SCHEDULE O) BENEFIT OF CERTAIN CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES THAT THE FORMER MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY, PRIOR TO ITS MERGER BY LAW INTO MASSDEVELOPMENT, WAS AUTHORIZED BY STATUTE TO ASSIST.
Executive compensation
Form 990 · Schedule J · 4 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.
| Position | Total |
|---|---|
EVP Finance/cfo Executive Vice President 25th percentile to median | $65k $72k |
Director/clerk Board Member 75th to 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Massachusetts | $60k $66k |
Interim EVP Finance Programs Executive Vice President 10th to 25th percentile | $49k $54k |
President/ceo Highest Compensated Employee Below 10th percentile | $48k $53k |
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 1 unpaid individual.
Browse compensation in Philanthropy, Voluntarism & Grantmaking →
Top pay as a share of expenses
In 2023, the highest total compensation at MASSDEVELOPMENT HEFA TRUST equaled 15% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 8%.
Based on 5,862 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 57%
from 2022
From $42k in 2022 to $65k 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.
Board Member pay rose 43% from 2022 to 2023, while revenue rose 587%.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about MASSDEVELOPMENT HEFA TRUST
What does the Executive Vice President of MASSDEVELOPMENT HEFA TRUST earn?
In 2023, the Executive Vice President of MASSDEVELOPMENT HEFA TRUST received $65,473 in total compensation. This pay is below the median (the midpoint) for Executive Vice President roles among Philanthropy, Voluntarism & Grantmaking organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Executive Vice President pay at MASSDEVELOPMENT HEFA TRUST compare with similar nonprofits?
Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide, the 2023 pay of the Executive Vice President at MASSDEVELOPMENT HEFA TRUST falls between the 25th percentile and the median. In 2023, the highest total compensation at MASSDEVELOPMENT HEFA TRUST equaled 15% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 8%.
What are MASSDEVELOPMENT HEFA TRUST's revenue and expenses?
In 2023, MASSDEVELOPMENT HEFA TRUST reported $510k in total revenue and $446k in total expenses on its IRS Form 990.
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