Massachusetts Affordable Housing Alliance Inc
- Assets
- $4.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Dorchester, MA
- Founding
- 05/1993
- Data as of
- 03/2021
- EIN
- 22-3042637
Organization Overview
Massachusetts Affordable Housing Alliance Inc is located in Dorchester, MA. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, Massachusetts Affordable Housing Alliance Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Affordable Housing Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2021, Massachusetts Affordable Housing Alliance Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.3m during the year ending 03/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MASSACHUSETTS AFFORDABLE HOUSING ALLIANCE, INC. (MAHA) EDUCATES AND MOBILIZES TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, BREAK DOWN BARRIERS FACING FIRST-TIME AND FIRST-GENERATION HOMEBUYERS, AND CLOSE THE RACIAL WEALTH AND HOMEOWNERSHIP GAPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HOMEBUYER AND HOMEOWNERSHIP EDUCATION PROGRAMS TO LOW AND MODERATE INCOME CONSUMERS IN THE BOSTON AREA INCLUDING A MATCHED SAVINGS PROGRAM FOR FIRST GENERATION HOMEBUYERS, AS WELL AS ORGANIZING GRASSROOTS SUPPORT FOR AFFORDABLE HOUSING AND CONDUCTING RESEARCH ON IMPORTANT HOUSING ISSUES. PUBLICIZE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES THROUGH A HOST WEBSITE WITH LISTING OF ALL AFFORDABLE HOMEOWNERSHIP UNITS IN MA. IN FISCAL YEAR 2022, MAHA GRADUATED 3,927 PEOPLE FROM 48 DIFFERENT HOMEBUYER AND HOMEOWNER EDUCATION CLASSES. MAHA ALSO PROVIDES SERVICES TO HOMEOWNERS THROUGH THE HOMEOWNERSHIP ASSISTANCE FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Callahan Executive Director (until 12/21) | Officer | 40 | $128,894 |
Symone Crawford Executive Director (as Of 01/22) | Officer | 40 | $82,226 |
Thadine Brown Vice President | OfficerTrustee | 1 | $0 |
Robert Sheridan Member/audit Committee Cha | OfficerTrustee | 1 | $0 |
Esther Dupie President | OfficerTrustee | 1 | $0 |
Lucille Marius Clerk | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,604 |
| Investment income | $384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,950 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $105,739 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,338,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $150,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600,438 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,105 |
| Payroll taxes | $63,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,114 |
| Fees for services: Accounting | $19,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,968 |
| Advertising and promotion | $2,818 |
| Office expenses | $11,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,902 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,080 |
| Insurance | $7,251 |
| All other expenses | $0 |
| Total functional expenses | $1,336,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,320 |
| Savings and temporary cash investments | $430,011 |
| Pledges and grants receivable | $62,500 |
| Accounts receivable, net | $180,328 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,540 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,678 |
| Total assets | $4,365,689 |
| Accounts payable and accrued expenses | $131,849 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,308,518 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,440,367 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,925,322 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Massachusetts Affordable Housing Alliance Inc has recieved totaling $553,715.
| Awarding Organization | Amount |
|---|---|
Arbella Insurance Foundation Inc Boston, MA PURPOSE: GENERAL OPERATIONS | $150,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $110,000 |
Arbella Insurance Foundation Inc Boston, MA PURPOSE: SOCIAL JUSTICE INITIATIVE | $75,000 |
National Community Reinvestment Coalition Inc Washington, DC PURPOSE: FIELD EMPOWERMENT FUND | $50,000 |
The Hyams Foundation Inc Boston, MA PURPOSE: HOME OWNERSHIP JUSTICE VISION PROJECT | $35,000 |
Oneworld Boston Inc Woburn, MA PURPOSE: AFFORDABLE HOUSING PROGRAM | $33,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Grand Central District Management Association Inc New York, NY | $3,484,616 | $12,729,561 |
Westbeth Corp Housing Development Fund Company Inc New York, NY | $62,389,155 | $10,191,211 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Brighton Beach Housing Development Fund Company Inc New York, NY | $22,060,771 | $3,270,016 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |