Massachusetts Housing Investment Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 24,272,332 | 21,986,697 | 2,285,635 | 4.9 | 19% |
| 2012 | 25,345,173 | 23,088,663 | 2,256,510 | 5.8 | 19% |
| 2013 | 15,929,048 | 12,575,008 | 3,354,040 | 13.9 | 38% |
| 2014 | 12,442,452 | 9,112,371 | 3,330,081 | 23.4 | 54% |
| 2015 | 10,245,865 | 8,766,898 | 1,478,967 | 25.9 | 58% |
| 2016 | 8,736,331 | 7,668,526 | 1,067,805 | 31.1 | 63% |
| 2017 | 11,447,325 | 10,750,786 | 696,539 | 22.6 | 48% |
| 2018 | 11,222,647 | 9,450,773 | 1,771,874 | 27.4 | 58% |
| 2019 | 11,038,740 | 10,365,322 | 673,418 | 25.1 | 53% |
| 2020 | 14,048,533 | 13,753,699 | 294,834 | 18.4 | 44% |
| 2021 | 18,783,706 | 16,764,177 | 2,019,529 | 16.4 | 29% |
| 2022 | 16,061,783 | 13,502,667 | 2,559,116 | 25.5 | 54% |
| 2023 | 73,602,541 | 71,806,719 | 1,795,822 | 5.1 | 9% |
In its most recent public year (2023), this organization brought in $1,795,822 more than it spent. Its reserves stood at about 5.1 months of spending. Staff pay was 9% of spending. $2,462,470 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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