MASSHOUSING PROPERTY ACQUISITION & DISPOSITION CORPORATION

EIN: 043129500 501(c)(3) Housing & Shelter

BOSTON, MA

Total Revenue
N/A
Total Expenses
$400,000
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MA
Principal Officer
RACHEL MADDEN
Phone
6178541850
Tax Period
2022-07-01 to 2023-06-30

Mission

TO ACQUIRE, OWN, MANAGE AND/OR SELL (OR OTHERWISE DISPOSE OF) REAL AND/OR PERSONAL PROPERTY RELATING TO, WITHOUT LIMITATION, FORECLOSURES OF MULTIFAMILY PROPERTIES FINANCED BY THE MASSACHUSETTS HOUSING FINANCE AGENCY ("MASSHOUSING") OR OTHER REAL AND/OR PERSONAL PROPERTY (INCLUDING BUT NOT LIMITED TO PLEDGED COLLATERAL) TO BE ACQUIRED BY, OR OTHERWISE TRANSFERRED TO OR FOR THE BENEFIT OF, MASSHOUSING IN CONNECTION WITH MASSHOUSING'S MULTIFAMILY BUSINESS LINE AND (2) TO ENGAGE IN ANY ACTIVITIES DIRECTLY OR INDIRECTLY RELATED OR INCIDENTAL THERETO FOR WHICH LIMITED LIABILITY COMPANIES MAY BE ORGANIZED UNDER CHAPTER 156C OF THE MASSACHUSETTS GENERAL LAWS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $400,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $400,000
Other Expenses $0
TOTAL EXPENSES $400,000

Year-over-Year Comparison

2022 2021 Change
Revenue N/A $400,000 -1.0%
Expenses $400,000 N/A N/A
Net Income N/A $400,000 N/A
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$2,310,207
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL J DIRRANE DIRECTOR 0.10
Director
$0 $0 $0
EDWARD AUGUSTUS DIRECTOR (BEGAN 6/1/2023) 0.10
Director
$0 $0 $0
THOMAS FLYNN DIRECTOR 0.10
Director
$0 $0 $0
PING YIN CHAI DIRECTOR (TERM. 9/7/22) 0.10
Director
$0 $0 $0
PATRICIA MCARDLE DIRECTOR 0.10
Director
$0 $0 $0
JERALD FELDMAN DIRECTOR 0.10
Director
$0 $0 $0
JENNIFER MADDOX DIRECTOR (TERM. 6/1/23) 0.10
Director
$0 $0 $0
CAROLINA AVELLANEDA DIRECTOR-VICE CHAIR 0.10
Director
$0 $0 $0
MARK ATTIA TERM 123 DIRECTOR (FOR MICHAEL HEFFERNAN) 0.10
Director
$0 $0 $0
JEANNE PINADO DIRECTOR-CHAIR 0.10
Director
$0 $0 $0
KAITLYN CONNORS BEGAN 123 DIRECTOR (FOR MATTHEW GORZKOWIZC) 0.10
Director
$0 $0 $0
CARMEN PANACOPOULOS DIRECTOR (BEGAN 9/9/22) 0.10
Director
$0 $0 $0
COLIN MCNIECE CLERK 0.20
Officer
$0 $132,096 $406,205
CHRYSTAL KORNEGAY PRESIDENT 0.20
Officer
$0 $35,063 $360,257
HENRY MUKASA VICE PRESIDENT (TERM. 3/1/23) 0.20
Officer
$0 $232,451 $491,082
CAROL MCIVER ASSISTANT CLERK 0.20
Officer
$0 $94,365 $310,596
RACHEL MADDEN TREASURER 0.20
Officer
$0 $119,112 $387,500
PAUL SCOLA BEGAN 101122 ASSISTANT TREASURER 0.20
Officer
$0 $138,723 $354,567
CYNTHIA LACASSE TERM 123 SR. DIR. OF RENTAL BUSINES 1.00
Highest
$0 $75,986 $316,677
SERGIO ALVES FERREIRA SR. DIRECTOR OF RENTAL UND 1.00
Highest
$0 $125,699 $390,683
MOUNZER M AYLOUCHE VP OF HOME OWNERSHIP 1.00
Highest
$0 $185,832 $458,948
KEVIN MELLO SR DIRECTOR OF HO SERVICING & OPS 1.00
Highest
$0 $151,575 $417,315
MARK H TEDEN VP MULTIFAMILY PROGRAMS 1.00
Highest
$0 $107,134 $370,255
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 No data $400,000 No data No data
2022 $400,000 No data $400,000 No data
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