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Massachusetts Affordable Housing Alliance Inc

 1803 Dorchester Avenue
 Dorchester, MA 02124
[P] (617) 822-9100
[F] (617) 265-7503
[email protected]
Tom Callahan
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 Printable Profile (Summary / Full)
EIN 22-3042637

LAST UPDATED: 01/30/2015
Organization DBA MAHA
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years Yes



Mission StatementMORE »

Massachusetts Affordable Housing Alliance (MAHA) educates and mobilizes individuals and communities across Massachusetts to break down barriers to affordable and sustainable homeownership.

Mission Statement

Massachusetts Affordable Housing Alliance (MAHA) educates and mobilizes individuals and communities across Massachusetts to break down barriers to affordable and sustainable homeownership.

FinancialsMORE »

Fiscal Year Apr 01, 2014 to Mar 31, 2015
Projected Income $1,013,550.00
Projected Expense $956,892.00

ProgramsMORE »

  • Community Preservation Act Organizing
  • Grassroots Organizing for Secure Families, Stable Neighborhoods
  • Homebuyer and Homeowner Education and Counseling
  • Statewide Homebuyers Action Network (HAN)

Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Mission Statement

Massachusetts Affordable Housing Alliance (MAHA) educates and mobilizes individuals and communities across Massachusetts to break down barriers to affordable and sustainable homeownership.

Background Statement

MAHA was formed in the fall of 1985 to work for solutions to the problem of rapidly increasing housing costs across the state, through both community organizing and community education programs. In 1987, MAHA began its first efforts to organize a Home Buyers Union (HBU) -- a grassroots group made up of urban low and moderate-income (LMI) tenants who wanted to become first-time home buyers. The HBU quickly became a valuable community voice which engaged banks, insurance companies and elected officials around the issues of affordable home ownership and increased investment in lower income neighborhoods.
One of our first campaigns was in response to the 1989 Federal Reserve Bank of Boston study that documented racial disparities in mortgage lending. The two-year long community campaign resulted in a below-market, affordable mortgage program for low and moderate-income first-time homebuyers, now known across Massachusetts as the ONE Mortgage (formerly SoftSecond loan program). This same campaign, led by MAHA together with members of the Community Investment Coalition, resulted in the formation of the Massachusetts Housing Investment Corporation (MHIC), Massachusetts Community and Banking Council (MCBC), nine new bank branches and over 40 new ATMs in Boston's low and moderate-income neighborhoods, and the creation of a low-cost Basic Banking program for Massachusetts residents.
MAHA's affordable mortgage campaign sought to reverse almost two decades of disinvestment in such Boston neighborhoods as Dorchester, Mattapan and Roxbury. Today, the ONE Mortgage program remains the state's most affordable mortgage product. It has made it possible for more than 18,000 lower income families to buy their first home in Massachusetts. And the program has made an impact on racial disparities in mortgage lending. Since 2004, fifty-one percent of ONE/SoftSecond borrowers have been persons of color.
From 2000 to 2007 during the height of the sub-prime lending crisis, MAHA led another landmark campaign, one that resulted in the passage of first-in-the-nation community reinvestment requirements for independent mortgage companies. MAHA also worked closely with the Massachusetts Association of Community Development Corporations (MACDC) in the late 1990s to pass legislation that resulted in disclosure from property and casualty insurance companies and a mandated community investment fund from both life and property and casualty insurers.

Impact Statement

•Launched MA Homeownership Compact in June, 2014 with Governor Deval Patrick and twenty-six lenders  including Santander, Citizens, Eastern, Rockland Trust, Middlesex Savings, Blue Hills Bank and others to offer over $400 million in affordable mortgages
•Graduated 1,902 people from pre- and post-purchase classes throughout the state in 2013
•Engaged 18 organizational members of the Homeownership Action Network in supporting Compact and transition to the MHP ONE Mortgage
•Assisted two dozen Community Preservation Act communities with information and referrals about spending more dollars on affordable housing.
•Reached more than 3,500 voters in four different state and municipal elections to received pledges to vote. Our pledged voters turned out at a rate 20 percentage points higher than city and state average turnouts.
•Expand MA Homeownership Compact with 5-10 new lenders joining in the coming year
•Graduate more than 2,000 homebuyers and homeowners across the state
•Activate more than 1,500 residents to take action on an issue priority
•Engage with North Shore CPA communities around monthly forums that will discuss best practices and collaborative efforts to address housing issue
•Establish new MAHA Real Estate Network as earned income strategy

Needs Statement

MAHA has steadily increased its visibility throughout eastern Massachusetts graduating homebuyers from 193 different communities in the past two years and working with activists in both urban and suburban settings across the region.  But it is a big region (population of over 4 million) and we need resources to better reach low and moderate income people through partnerships and increased outreach. 
•Sponsor a homebuyer class for $2,500.  Sponsor a homebuyer for $250.
•Sponsor a Get Out The Vote effort for $10,000. 
•Support a community organizer for one year for $60,000. For one month at $5,000.
•Help make our homeownership classroom truly interactive with smart boards and instant feedback remotes for $25,000.
•Volunteer at Taste of Dorchester (April) or Pedal Poker River Run on Neponset Greenway (October).

CEO Statement

Homeownership remains the centerpiece of the American Dream and, in Massachusetts, MAHA has been the keeper of the flame for low and moderate income residents and households of color.  No organization in Massachusetts in the last 29 years has done more to break down barriers to affordable and sustainable homeownership.  Our model of education and organizing is unique and has worked to empower local residents and engage financial institutions in the economic vitality of lower income neighborhoods for nearly 30 years.  We have challenged AND partnered with banks, insurers, and mortgage companies.  We will continue to lead the non-profit community on issues of community reinvestment across the Commonwealth.
We are proud that the mortgage program negotiated by MAHA members in 1989 is still around and has made a successful transition in this post-mortgage lending crisis world. The program has been adapted - two mortgages are now one - but the focus on affordability remains the same. We also remain committed to closing the disturbingly large racial homeownership gap in our state. Massachusetts ranks 49th in the gap between our white homeownership rate (69%) and our combined rate for Black, Latino, and Asian households (32%). The ONE Mortgage program is the only significant mortgage program in Massachusetts that is closing that gap. And MAHA remains committed to engaging more lenders and reaching more underserved borrowers in the coming years.

Board Chair Statement

In 2004, I bought my home in Brockton thanks to MAHA and its mortgage program. It was a dream come true and made me want to give back and help others achieve that same dream. I started volunteering with MAHA and joined the board in 2007 and was elected president in December 2013.
Homeownership is personal. Growing up in Barbados, I watched and lived through the horror of losing our family home due to my father's gambling problem. He literally gambled our house away. I vowed that someday, I would buy my own home and after moving to Boston, going to school and getting a good job and finding MAHA, I was able to do just that.
What came after was a surprise. My oldest daughter was able to use the same mortgage program that I did to buy her own home with her husband and two children just a few years later. She accomplished this in her 20's, years earlier than I was able to but she credits my example as a prime motivator for her.  It is great to watch my grandsons grow up in a home of their own - and they so enjoy visiting "Nan" and running around my home.
                                                   -Esther Maycock-Thorne

Geographic Area Served

Greater Boston Region-All Neighborhoods
Massachusetts-All Regions
Metrowest Region
Northeast Massachusetts Region
Southeast Massachusetts Region

Our Homebuyers Union (HBU) targets Boston residents, particularly those in Roxbury, Dorchester, Mattapan and Hyde Park.
The Homeownership Action Network (HAN) works with homeownership agencies across Massachusetts and their first-time homebuyer class graduates.
MAHA's Community Preservation Act (CPA) program works within the 495 belt in the Northeast, Southeast and MetroWest regions.

Organization Categories

  1. Housing, Shelter - Alliances & Advocacy
  2. Public & Societal Benefit - Leadership Development
  3. Education - Adult Education

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)



Community Preservation Act Organizing

MAHA is supporting the affordable housing efforts of communities in the Route 495 belt in Massachusetts. We are particularly focusing our work on towns and cities that have passed the Community Preservation Act (CPA), which allocates a portion of funds collected for affordable housing. MAHA brings organizing and base-building expertise to local initiatives by partnering with Affordable Housing Committees, Affordable Housing Partnerships and Community Preservation Committees, as well as affordable housing developers.
Budget  $120,000.00
Category  Housing, General/Other Affordable Housing
Population Served Adults Families Minorities
Program Short-Term Success  By the end of  2014, we will have assisted over 50 CPA communities with their affordable housing efforts. This entails facilitating local conversations around ways to talk about affordable housing, helping to build support for an affordable housing project or developing materials to use in project presentations such as for Town Meeting.
Program Long-Term Success  MAHA would like to see all CPA communities in the Greater Boston region increase the amount of funding they put toward creating affordable housing.
Program Success Monitored By 
1. Towns and cities adopting tools to further affordable housing goals (e.g., establishing a Municipal Affordable Housing Trust (MAHT), implementing an inclusionary zoning by-law or creating multi-family zoning districts)
2. Increase in CPA dollars being designated to affordable housing projects
Examples of Program Success 
One town in the Metrowest reinvigorated its Affordable Housing Committee with the assistance of the Coordinator of Economic Development and Planning. They then established a Municipal Affordable Housing Trust and recommended people with industry experience to sit on the Board of Trustees (e.g., real estate agent, real estate attorney, local banker and owner of an affordable housing unit). With the assistance of a consulting team, the Trust developed a strategic plan that outlines specific year one and year two plans and budgets.
MAHA came on board at this point to participate in thinking strategically about how to build support for a proposal for first year funding to implement the Trust's plans. A PowerPoint presentation was developed and used to make a funding request to the Community Preservation Committee (CPC), as well as to the Selectmen and ultimately, Town Meeting. Their request was successful and the Affordable Housing Trust received $433,000 in first year funding.

Grassroots Organizing for Secure Families, Stable Neighborhoods

MAHA staffs a grassroots Homebuyers Union (HBU) in Boston whose members work together to challenge banks and elected officials to increase investment in affordable home-ownership. We win housing resources and community investment agreements through the recruitment, education, mobilization, and leadership development of our members. We teach the information and skills people need to lead campaigns, gain allies, work with the legislature, and negotiate investment agreements with bankers and other financial services leaders. Through meetings, phone banks, postcard and letter writing campaigns, and large scale community actions involving more than 1,000 people, we connect our constituency to the elected officials and industry executives who make decisions. We increase our efficacy by registering new voters, educating people on where candidates stand on key housing issues, and turning these educated voters out to the polls.

Budget  $280,000.00
Category  Housing, General/Other Barrier-Free Housing
Population Served Families Adults Minorities
Program Short-Term Success 

• MAHA mobilizes a minimum of 1,000 people to take action in support of our campaigns in 2014.

• 25 new members participate in MAHA meetings and phone banks.

• 60 members receive 1:1 and small group leadership training in campaign skills.

• All banks that currently have lending agreements with MAHA continue to participate in the state’s most affordable mortgage program.

• MAHA members reach a lending agreement with at least two additional lenders in 2014.

• The state allocates adequate money to leverage bank investments in affordable mortgages throughout FY2016.

Program Long-Term Success 

• MAHA mobilizes a minimum of 1,000 people annually to take action in support of our campaigns.

• 25-35 new members participate in MAHA meetings and phone banks each year.

• 60 active members receive leadership training each year.

• MAHA members reach agreements with at least 3 new mortgage lenders.

• The state allocates sufficient money each year to leverage bank investments in affordable mortgage lending.

• MAHA increases the number of affordable mortgages made available through MAHA negotiated agreements from 800 to 1200 per year.


Program Success Monitored By 

MAHA uses both quantitative and qualitative evaluation tools to track successes and areas for improvement. Our strategy involves analysis of both policy outcomes and organization building metrics.


1. Twice each year MAHA organizers review: the total number of volunteers who have participated during the last 6 months, the number of NEW volunteers who participated, the number of people who’ve been trained in new skills, and the number that have taken on new roles.


2. MAHA sets goals for voter registration and mobilization each fall. We track the number of voters registered, the number contacted through our classes and phone banks, the number who pledge to vote, and the number of our pledges that go to the polls. election.


3. MAHA continually tracks progress toward new lending agreements. We monitor each bank’s closings under our agreements and intervene if a lender falls behind.

Examples of Program Success 

Thadine Brown attended her first MAHA meeting in 2009. When it was her turn to speak, she told her home buying story. She talked about her daughter who had recently lost her dad, and the heavy responsibility she felt as a single parent. She told us the SoftSecond program had helped save her life by enabling her to have a home where she and her daughter felt safe and secure.


Thadine later told her story to 1,000 people at a MAHA action. She ended by addressing the bankers and politicians who were present, saying “It is important that you understand that in our communities being able to afford a home gives us a sense of hope and purpose. I ask that you do not take that away.”


When we met Thadine, she was brimming with passion and the qualities to be an effective organizer and advocate for her community. MAHA introduced her to other leaders who were learning and working together. She has remained actively involved, joined MAHA’s Board of Directors in 2012 and was elected clerk in 2014.

Homebuyer and Homeowner Education and Counseling

MAHA's "Homeownership University" features three courses: Introduction to Homebuying; Homeowner 201; and Condo owner 202. We also provide one-on-one pre-purchase counseling and foreclosure prevention services for ONE/SoftSecond homeowners.  
Introduction to Homebuying is a comprehensive 12-hour class that has presentations from a lender, home inspector, real estate agent, insurance agent, and attorney.  MAHA has graduated 10,224 people from 358 classes since 1991.
Our post-purchase classes, launched in 1996, are unique in the industry and include presentations on budgeting, understanding your home, landlord/tenant issues, and crime and fire safety.  MAHA has negotiated HomeSafe discounts for graduates from ten leading property insurance companies including Liberty Mutual, Travelers, MetLife, Arbella, Safety and others.  Since 1996, we have graduated 6,927 people from 355 classes.
Budget  $450,000.00
Category  Housing, General/Other Housing Counseling
Population Served Adults Families Minorities
Program Short-Term Success 
In 2014, we expect to graduate 2,000 people from our Homeownership University classes with 1,100 graduates from our Introduction to Homebuying class. At least 25% of these pre-purchase graduates will buy a home within 12 months of graduation and will have lower rates of delinquency and foreclosure than the average Massachusetts homeowner.
Our post-purchase grads will access homeowners insurance discounts and will have lower insurance loss ratios than Massachusetts homeowners as a whole.
Program Long-Term Success  Our long-term goal is to narrow the racial homeownership gap in Massachusetts by educating and counseling Black and Latino homebuyers and to help these same homebuyers achieve sustainable homeownership. We track delinquency and foreclosure rates of affordable mortgage programs and publicly available homeownership rates.
Program Success Monitored By  We will track success rates by measuring how many graduates request their homebuying certificate in order to access a mortgage program or downpayment assistance program. We track delinquency statistics on a quarterly basis through the Massachusetts Housing Partnership and we periodically request loss ratio data from participating HomeSafe insurance companies
Examples of Program Success  MAHA has graduated over 23,000 people from our classes since 1991, the most of any non-profit in the state.  Based on data from the city of Boston and the Massachusetts Housing Partnership, our graduates have lower delinquency and foreclosure rates than homeowners in general.  

Statewide Homebuyers Action Network (HAN)

HAN brings MAHA’s unique model of engaging and organizing homebuyers to homeownership classes throughout the state. Through partnerships with 18 homebuyer counseling organizations that have joined HAN, we reach a far greater number of homebuyers, engage many more people, and have a larger impact. 


HAN is enabling us to build a broader base in Boston by giving our own graduates more ways to participate and communicate online. We are challenging our members to engage their friends and families through our new website and Facebook, as well as our more traditional organizing channels. We are also involving graduates of other homebuyer counseling groups in Boston who are signing up for HAN at their classes.


In addition, we are building a statewide network by signing up new groups that work with key constituencies. We are able to communicate and involve graduates of HAN partner groups in all corners of Massachusetts who sign up to join our online information and alert list.

Budget  $110,000.00
Category  Housing, General/Other Home Barrier Removal
Population Served Other Economic Level Families Minorities
Program Short-Term Success 

• Two additional non-profit homebuyer counseling organizations join HAN, bringing the total to 20.

• We form a HAN Steering Committee to discuss emerging issues, priorities for joint action, and campaign strategies.

• MAHA mobilizes a minimum of 1,500 people to take action in support of our campaigns in 2014-15.

• MAHA and HAN members reach a lending agreement with at least two additional lenders in 2014.

• The state allocates adequate money to leverage bank investments in affordable mortgages throughout FY2016.

Program Long-Term Success 

• MAHA mobilizes a minimum of 1,500 people annually to take action in support of our campaigns.

• All HAN member organizations are actively involved in advocating for both public and private sector affordable homeownership initiatives.

 • MAHA members reach agreements with at least 3 new mortgage lenders.

• The state allocates sufficient money each year to leverage bank investments in affordable mortgage lending.

• MAHA increases the number of affordable mortgages made available from 800 to 1,200 per year.

Program Success Monitored By 

As with its grassroots project, MAHA uses both quantitative and qualitative evaluation tools to track successes and areas for improvement. Our strategy involves analysis of both policy outcomes and organization building metrics.


1. MAHA organizers track organizational involvement. This includes: the number of organizations that have formally joined HAN, the number of home buyer counselors who regularly send HAN interest postcards with the names and contact information for their interested graduates, the number of organizations that participate in grassroots lobbying campaigns (such as for a new lending commitment, or state funding for the SoftSecond Program)


2. MAHA tracks the number of individuals who participate in online campaign activities.


3. MAHA tracks progress toward new lending agreements and state funding for homeownership programs, and analyses the role that joint action by our HAN members plays in each campaign.

Examples of Program Success 
Friday, June 13, 2014 – Governor Deval Patrick today stood with MAHA President Esther Maycock-Thorne and recent MAHA homeowner Angelina Goncalves to announce new support for homeownership opportunities for first-time homebuyers, including access to reduced-cost mortgages through various lenders.  The announcement comes as 26 mortgage lenders and over 1,000 first time homebuyers have signed on and utilized the MA Homeownership Compact, a commitment among lenders to originate mortgage loans to first-time home buyers.
Just a few weeks ago, Angelina Goncalves and her fiance bought their first home in Dorchester through Santander Bank using the ONE Mortgage program. "When I came to Boston from Cape Verde at the age of eighteen, I had two dreams - to graduate from college and to own my own home." Angelina graduated from UMass Boston with a degree in finance and bought a two family home in March, less than a year after graduating from a MAHA homebuyer class.

CEO/Executive Director/Board Comments



CEO/Executive Director Mr. Thomas Callahan
CEO Term Start May 1987
CEO Email [email protected]
CEO Experience
Thomas Callahan is the executive director of the Massachusetts Affordable Housing Alliance (MAHA). He has worked for community organizations over the past 32 years, including the last 27 at MAHA (he has been director since 1991). He previously served as coalition coordinator at Tenants United for Public Housing Progress, a citywide organization in Boston organizing in public housing developments, and community organizer at Massachusetts Fair Share, a statewide multi-issue citizen action group. Tom serves on the boards of the Massachusetts Community and Banking Council, The Appraisal Foundation, Community Labor United and the Massachusetts Property Insurance Underwriting Association (Fair Plan). He is a native of North Adams, MA, a current resident of Milton and a graduate of Fairfield University in Fairfield, CT. Tom also was a 1998 Fannie Mae Fellow at Harvard's Kennedy School Program for Senior Executives in State and Local Government and a 2014 participant in the Boston-Haifa Learning Exchange sponsored by the Jewish Community Relations Council.
Tom serves as the chair of the Consumer Affairs Task Force of The Appraisal Foundation and is TAF's assistant secretary and a member of its executive committee. In addition, he serves as vice-chair of the Massachusetts Community and Banking Council. In Milton, Tom is on the Fair Housing Committee and Affordable Housing Trust Fund as well as being an elected town meeting member.  
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
Lewis Finfer Sept 1985 June 1991

Senior Staff

Name Title Experience/Biography
Ms. Regina Cook Assistant Director of Administration

Regina works with the executive director and board executive committee on financial reporting and oversight.  In addition, Regina jointly supervises the homeownership education and counseling department and assists that team in meeting their goals and objectives.  Regina is also a faithful member for 12 years at the Zion Temple Holy Church in Dorchester in which she serves on the financial board. She is a native of North Carolina.

Ms. Hillary Pizer Associate Executive Director

Hillary has been with MAHA since 1987. She previously worked at Clean Water Action and Massachusetts Fair Share on environmental issues. At MAHA, Hillary is the lead organizer for the grassroots Homebuyers Union and the statewide Homeownership Action Network. She has staffed campaigns that have led to more than $2.5 billion in mortgage lending to lower income households in Massachusetts.


Award Awarding Organization Year
-- -- --


Affiliation Year
National Industry Standards for Homeownership Education and Counseling 2011
Consumer Federation of America - Member 2006
Member of state association of nonprofits? Yes
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --



CEO/Executive Director/Board Comments


Foundation Comments


Staff Information

Number of Full Time Staff 9
Number of Part Time Staff 1
Number of Volunteers 314
Number of Contract Staff 0
Staff Retention Rate % 100%

Staff Demographics

Ethnicity African American/Black: 4
Asian American/Pacific Islander: 0
Caucasian: 4
Hispanic/Latino: 2
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 7
Male: 3
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 3
Management Succession Plan Under Development
Business Continuity of Operations Plan No
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit Yes
State Registration No

Risk Management Provisions

Workers Compensation and Employers' Liability
Commercial General Liability
Directors and Officers Policy
General Property Coverage
Special Event Liability

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually


Board Chair Ms. Esther Maycock-Thorne
Board Chair Company Affiliation MGH/MAHA Homebuyers Union member
Board Chair Term Jan 2014 - Jan 2017
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Ms. Acia Adams-Heath MIT Voting
Ms. Lucille Andrew Marius Attorney Voting
Ms. Thadine Brown Community Volunteer Voting
Mr. Jim Campen Retired Voting
Ms. Symone Crawford Community Volunteer Voting
Mr. Javier Fernandez Community Volunteer Voting
Mr. Rick Kronish New England Carpenters Labor Management Program Voting
Ms. Barbara Loatman Retired Voting
Ms. Esther Maycock-Thorne Partners Health Care Voting
Ms. LaTanya Ramsey Parexel Voting
Mr. Robert Sheridan Retired Voting
Mr. Carlos Vargas Vargas & Vargas Insurance Voting
Mr. Tom Watkins Computer programmer Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
Ms. Acia Adams-Heath MAHA Board of Directors Voting
Mr. James Brett The New England Council Voting
Mr. Jim Campen MAHA Board of Directors Voting
Mr. Matthew Carson Acadian Asset Management Voting
Mr. Richard Connolly, Jr. Morgan Stanley Smith Barney Voting
Mr. George Craddock MassDevelopment Voting
Ms. Ruth Dillingham First American Title Insurance Company Voting
Mr. John Donohue Arbella Insurance Group Voting
Mr. Steven Elliott Elliott, Gottschalk & Associates Voting
Ms. Florence Hagins Retired (formerly of MAHA) Voting
Mr. Richard Holbrook Eastern Bank Voting
Mr. Geoff Howell DLA Piper LLP Voting
Mr. Thomas Kennedy Retired (formerly Sovereign Bank) Voting
Mr. Larry Mayes Catholic Charities Voting
Ms. Tamara Olsen Bain & Company Voting
Mr. Robert Sheridan Savings Bank Life Insurance Voting
Mr. Robert Wadsworth Consultant Voting
Mr. Richard Welch Travelers of Massachusetts Voting
Mr. Clark Ziegler Massachusetts Housing Partnership Voting

Board Demographics

Ethnicity African American/Black: 7
Asian American/Pacific Islander: 0
Caucasian: 5
Hispanic/Latino: 1
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 7
Male: 6
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 0
Board Meeting Attendance % 72%
Written Board Selection Criteria Under Development
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 100%
Constituency Includes Client Representation Yes

Standing Committees

  • Advisory Board / Advisory Council
  • Executive

CEO/Executive Director/Board Comments


Foundation Comments



Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Fiscal Year Apr 01, 2014 to Mar 31, 2015
Projected Income $1,013,550.00
Projected Expense $956,892.00
Form 990s

2014 990

2013 990

2012 990

2011 990

2010 990

2009 990

Audit Documents

2013 MAHA Audit

2012 MAHA Audit

2011 MAHA Audit

2010 MAHA Audit

2009 MAHA Audit

2008 MAHA Audit

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2014 2013 2012
Total Revenue $1,167,037 $586,262 $1,079,515
Total Expenses $945,664 $874,414 $926,423

Prior Three Years Revenue Sources

Fiscal Year 2014 2013 2012
Foundation and
Corporation Contributions
-- -- $417,226
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $748,023 $194,699 $302,371
Indirect Public Support -- -- --
Earned Revenue $441,375 $427,711 $400,569
Investment Income, Net of Losses $50,431 $23 $35
Membership Dues -- -- --
Special Events $55,058 $41,480 $37,023
Revenue In-Kind -- -- --
Other $-127,850 $-77,651 $-77,709

Prior Three Years Expense Allocations

Fiscal Year 2014 2013 2012
Program Expense $744,649 $706,652 $725,306
Administration Expense $128,674 $121,902 $155,122
Fundraising Expense $72,341 $45,860 $45,995
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.23 0.67 1.17
Program Expense/Total Expenses 79% 81% 78%
Fundraising Expense/Contributed Revenue 9% 19% 6%

Prior Three Years Assets and Liabilities

Fiscal Year 2014 2013 2012
Total Assets $3,825,456 $3,487,822 $3,653,486
Current Assets $860,266 $506,360 $658,038
Long-Term Liabilities $695,943 $705,000 $705,000
Current Liabilities $347,393 $349,925 $354,443
Total Net Assets $2,782,120 $2,432,897 $2,594,043

Prior Three Years Top Three Funding Sources

Fiscal Year 2014 2013 2012
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy N/A
Percentage(If selected) --
Credit Line Yes
Reserve Fund Yes
How many months does reserve cover? 3.00

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? No

Short Term Solvency

Fiscal Year 2014 2013 2012
Current Ratio: Current Assets/Current Liabilities 2.48 1.45 1.86

Long Term Solvency

Fiscal Year 2014 2013 2012
Long-term Liabilities/Total Assets 18% 20% 19%

CEO/Executive Director/Board Comments


Foundation Comments

Financial summary data in the charts and graphs above are per the organization's IRS Form 990s.  Contributions from foundations and corporations are listed under individuals when the breakout was not available.


Other Documents

No Other Documents currently available.


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