Massdevelopment Hefa Trust
EIN: 43379905 · Boston, MA · NTEE: T30Z
| Metric | Value |
|---|---|
| Total Revenue | $969K |
| Total Expenses | $247K |
| Net Assets | $9.3M |
Is Massdevelopment Hefa Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Massdevelopment Hefa Trust
Massdevelopment Hefa Trust (EIN: 43379905) is a nonprofit organization based in Boston, MA, classified under NTEE code T30Z. The organization reported total revenue of $969K and total assets of $10.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Massdevelopment Hefa Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Massdevelopment Hefa Trust is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $247K |
| Surplus / Deficit | $-173,206 |
| Total Assets | $9.3M |
| Total Liabilities | $23K |
| Net Assets | $9.3M |
| Operating Margin | -233.3% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 451.8 months |
Financial Health Grade: B
In 2023, Massdevelopment Hefa Trust reported a deficit of $173K with expenses exceeding revenue, holds 451.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Massdevelopment Hefa Trust's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -90.8% | -76.9% | +4.4% |
| 2022 | -22.5% | +184.0% | -20.8% |
| 2021 | +80.4% | -3.1% | +22.5% |
| 2020 | +105.0% | -32.9% | +2.1% |
| 2019 | +515.7% | -3.8% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Massdevelopment Hefa Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Massdevelopment Hefa Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $173K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Massdevelopment Hefa Trust
Is Massdevelopment Hefa Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Massdevelopment Hefa Trust (EIN: 43379905) insufficient data. 0 red flags identified, 0 strengths noted.
How does Massdevelopment Hefa Trust spend its money?
Detailed spending breakdown data is not yet available for Massdevelopment Hefa Trust. Check back for updated IRS 990 analysis.
Are donations to Massdevelopment Hefa Trust tax-deductible?
Massdevelopment Hefa Trust is registered as a tax-exempt nonprofit (EIN: 43379905). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Massdevelopment Hefa Trust located?
Massdevelopment Hefa Trust is headquartered in Boston, Massachusetts and files with the IRS under EIN 43379905. It is classified under NTEE code T30Z.
How many years of IRS 990 filings does Massdevelopment Hefa Trust have?
Massdevelopment Hefa Trust has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $969K in total revenue.
Filing History
IRS 990 filing history for Massdevelopment Hefa Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Massdevelopment Hefa Trust's revenue has grown by 12%, moving from $66K to $74K. Total assets decreased by 22.1% over the same period, from $12.0M to $9.3M. Total functional expenses fell by 18.4%, from $303K to $247K. In its most recent filing year (2023), Massdevelopment Hefa Trust reported a deficit of $173K, with expenses exceeding revenue. The organization holds $23K in liabilities against $9.3M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $9.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $247K | $9.3M | $23K | — | View 990 |
| 2022 | $808K | $1.1M | $8.9M | $57K | — | View 990 |
| 2021 | $1.0M | $377K | $11.3M | $7K | — | View 990 |
| 2020 | $578K | $389K | $9.2M | $6K | — | View 990 |
| 2019 | $282K | $580K | $9.0M | $7K | — | View 990 |
| 2018 | $46K | $604K | $9.3M | $11K | — | View 990 |
| 2017 | $50K | $574K | $9.9M | $4K | — | View 990 |
| 2016 | $171K | $562K | $10.4M | $4K | — | View 990 |
| 2015 | $95K | $599K | $10.9M | $85K | — | View 990 |
| 2014 | $97K | $306K | $11.3M | $4K | — | View 990 |
| 2013 | $45K | $301K | $11.5M | $4K | — | View 990 |
| 2012 | $101K | $302K | $11.8M | $16K | — | View 990 |
| 2011 | $66K | $303K | $12.0M | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74K, expenses of $247K, and assets of $9.3M (revenue -90.8% year-over-year).
- 2022: Revenue of $808K, expenses of $1.1M, and assets of $8.9M (revenue -22.5% year-over-year).
- 2021: Revenue of $1.0M, expenses of $377K, and assets of $11.3M (revenue +80.4% year-over-year).
- 2020: Revenue of $578K, expenses of $389K, and assets of $9.2M (revenue +105.0% year-over-year).
- 2019: Revenue of $282K, expenses of $580K, and assets of $9.0M (revenue +515.7% year-over-year).
- 2018: Revenue of $46K, expenses of $604K, and assets of $9.3M (revenue -7.8% year-over-year).
- 2017: Revenue of $50K, expenses of $574K, and assets of $9.9M (revenue -71.0% year-over-year).
- 2016: Revenue of $171K, expenses of $562K, and assets of $10.4M (revenue +80.0% year-over-year).
- 2015: Revenue of $95K, expenses of $599K, and assets of $10.9M (revenue -2.3% year-over-year).
- 2014: Revenue of $97K, expenses of $306K, and assets of $11.3M (revenue +117.0% year-over-year).
- 2013: Revenue of $45K, expenses of $301K, and assets of $11.5M (revenue -55.5% year-over-year).
- 2012: Revenue of $101K, expenses of $302K, and assets of $11.8M (revenue +52.0% year-over-year).
- 2011: Revenue of $66K, expenses of $303K, and assets of $12.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Massdevelopment Hefa Trust:
Data Sources and Methodology
This transparency report for Massdevelopment Hefa Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.