Overview
What is Masshousing Property Acquisition & Disposition Corporation?
Masshousing Property Acquisition & Disposition Corporation, based in Boston, Massachusetts, is a corporation affiliated with the Massachusetts Housing Finance Agency (MassHousing). Its primary role involves acquiring, owning, managing, and selling real and personal property, especially those related to foreclosures of multifamily properties financed by MassHousing. This includes properties pledged as collateral. The corporation operates under Massachusetts General Laws Chapter 156C, utilizing a limited liability company structure to carry out its activities. In March 2022, MassHousing acquired a 50% ownership share of a property in Barnstable, MA, as part of a $6.9M deficiency judgment. The corporation later sold its share in November 2022, with the proceeds being returned to MassHousing.
Official website here: www.masshousing.com
Is Masshousing Property Acquisition & Disposition Corporation legitimate?
Masshousing Property Acquisition & Disposition Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masshousing Property Acquisition & Disposition Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.masshousing.com
What is the mission statement of Masshousing Property Acquisition & Disposition Corporation?
The Masshousing Property Acquisition & Disposition Corporation's mission involves acquiring, owning, managing, and selling real and personal property related to foreclosures of multifamily properties financed by the Massachusetts Housing Finance Agency (MassHousing) or other real and personal property. This corporation also engages in activities directly or indirectly related to its primary mission, for which limited liability companies may be organized under Chapter 156C of the Massachusetts General Laws. Its primary focus is to support MassHousing's multifamily business line.
Official website here: www.masshousing.com
Who is the CEO of Masshousing Property Acquisition & Disposition Corporation?
Rachel Madden is the Director of Masshousing Property Acquisition & Disposition Corporation.
Official website here: www.masshousing.com
What is the revenue of Masshousing Property Acquisition & Disposition Corporation?
Masshousing Property Acquisition & Disposition Corporation's revenue in 2023 was $0.
Official website here: www.masshousing.com
Who are the executives of Masshousing Property Acquisition & Disposition Corporation and what are their salaries?
Here are 23 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $274,109
- Other: $132,096
- Compensation: $0
- Related: $325,194
- Other: $35,063
- Compensation: $0
- Related: $258,631
- Other: $232,451
- Compensation: $0
- Related: $216,231
- Other: $94,365
- Compensation: $0
- Related: $268,388
- Other: $119,112
- Compensation: $0
- Related: $215,844
- Other: $138,723
- Compensation: $0
- Related: $240,691
- Other: $75,986
- Compensation: $0
- Related: $264,984
- Other: $125,699
- Compensation: $0
- Related: $273,116
- Other: $185,832
- Compensation: $0
- Related: $265,740
- Other: $151,575
- Compensation: $0
- Related: $263,121
- Other: $107,134
Official website here: www.masshousing.com
Where can I find the form 990 for Masshousing Property Acquisition & Disposition Corporation?
Masshousing Property Acquisition & Disposition Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.masshousing.com
Learn more at the official website: www.masshousing.com
Mission Statement of Masshousing Property Acquisition & Disposition Corporation
Masshousing Property Acquisition & Disposition Corporation is an organization with a specific mission. Its primary goal is to acquire, manage, sell, or dispose of real and personal property, with a focus on multifamily properties financed by the Massachusetts Housing Finance Agency (MassHousing) or other properties pledged as collateral. This corporation also engages in activities related to or incidental to these tasks, as permitted by Chapter 156C of the Massachusetts General Laws. By performing these functions, Masshousing Property Acquisition & Disposition Corporation supports MassHousing's multifamily business line, ensuring the efficient management and utilization of properties within its purview.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Masshousing Property Acquisition & Disposition Corporation plays a vital role in addressing challenges within the housing market, particularly concerning multifamily properties facing foreclosure. By acquiring, owning, managing, and disposing of properties linked to such foreclosures, it actively works to stabilize these assets and support community housing needs.
One impactful example of its work is the acquisition of a 50% ownership share of a property located at 41 Rosemary Lane in Barnstable, MA, in March 2022. This acquisition was part of a larger $6.9 million deficiency judgment, demonstrating the corporation's commitment to navigating complex financial challenges associated with distressed properties. Through these actions, Masshousing facilitates the retention and rejuvenation of multifamily housing, ensuring these properties remain viable options for residents and help maintain the overall health of the local housing market.
In addition to mitigating the impacts of foreclosure, the corporation also emphasizes strategic management and eventual disposition of these properties, allowing for a sustainable approach to housing solutions. By addressing issues of property deterioration and potential abandonment, Masshousing contributes to the broader goal of enhancing housing stability in communities throughout Massachusetts.
This information is meant to be a general summary of Masshousing Property Acquisition & Disposition Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1990
Phone
(617) 854-1850Principal Officer
Rachel Madden
Main Address
ONE BEACON STREET, BOSTON, MA, 021083110
Website
www.masshousing.comNTEE Category
Code: L20Z - Housing
If you are a representative of Masshousing Property Acquisition & Disposition Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.