Massdevelopment Hefa Trust

Philanthropy organization based in Boston, MA.0 Exempt under §501(c)(3).

MissionTHE 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

Financial snapshot · TY 2023

$510K
Total revenue
$446K
Total expenses
$10.1M
Net assets

Financial health · TY 2023

68
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
270.1 months of expenses
Program efficiency
71
78.2% spent on programs
Revenue diversity
0
Mix of program fees, grants & contributions

No individual compensation data available.

This organization files with the IRS but does not report individual compensation on Form 990 Part VII.

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Massdevelopment Hefa Trust Executive Compensation | 990 Data | DoubleNine