Housing Assistance Corporation
Housing Assistance Corporation reported $56.8 million in revenue and $50.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.58 went to program services, $6.85 to management and general costs and $3.57 to fundraising. Its largest source of revenue was contributions and grants: 83.1% of the total. Government grants made up 74.7%. The highest compensation it reported for one person was $284,009 (CEO). 9 people received more than $100,000 in reportable compensation. Revenue rose 107% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $50MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $57M- Contributions & grants (non-government)$8.39 $4.8M
- Government grants$74.68 $42M
- Program service revenue$15.82 $9.0M
- Investment income$1.11 $632K
Other revenue was negative: −$42,922. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.6% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.8% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.6% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 83.1% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 74.7% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 15.8% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $284,009 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.56% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 9 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.5 | 10.0 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseClient services - the client services division works with eligible individuals and families in massachusetts to provide a wide range of affordable housing, homelessness prevention and shelter and self-sufficiency services. These services include Housing Assistance payments for low income tenants, transitional Housing and Assistance for the homeless including housing search and job placement, and training and support for homeowners including foreclosure counseling
Energy efficiency services - the energy efficiency services division works with eligible individuals and families in massachusetts to provide a wide range of energy improvements options. These options include free energy assessments, home weatherization and energy efficient appliances and heating
Property management and development - the property management and development division oversees the operations of all residential rental properties, as well as development activity, to its properties located on cape cod and the islands
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 35.00 hrs/week | $250,624 | $0 | $33,385 | $284,009 |
| CFO (UNTIL 3/25) Officer, 35.00 hrs/week | $175,394 | $0 | $32,281 | $207,675 |
| CHIEF DEVELOPMENT OFFICER Highest compensated employee, 35.00 hrs/week | $131,045 | $0 | $43,549 | $174,594 |
| CHIEF OPERATING OFFICER Highest compensated employee, 35.00 hrs/week | $155,559 | $0 | $17,939 | $173,498 |
| DIRECTOR OF HOUSING Highest compensated employee, 35.00 hrs/week | $120,556 | $0 | $30,030 | $150,586 |
| VP OF REAL ESTATE DEVELOPMENT Highest compensated employee, 35.00 hrs/week | $126,966 | $0 | $16,540 | $143,506 |
| INTERIM CFO (AS OF 4/25) Officer, 35.00 hrs/week | $119,047 | $0 | $16,946 | $135,993 |
| PRINCIPAL DIRECTOR OF STRATEGIC FUNDING Highest compensated employee, 35.00 hrs/week | $111,405 | $0 | $15,532 | $126,937 |
9 people received more than $100,000 in reportable compensation from Housing Assistance Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $557K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5142
- Volunteers Part I, line 6600
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| M T MCMAHON & SONINC Energy contractor | $889,076 |
| CRANE APPLIANCE Energy contractor | $710,467 |
| TUPPER Energy contractor | $677,412 |
| CAPE SAVE Energy contractor | $615,713 |
| CAZEAULT Energy contractor | $555,650 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Housing Assistance Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Housing Assistance Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Housing Assistance Corporation spent in FY2025, $89.58 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Housing Trust Silicon ValleySan Jose, CA · revenue $56M · programs 71.3% · FY2025
- Chn Housing PartnersCleveland, OH · revenue $57M · programs 89.4% · 2024
- Emerald Development & Economic NetworkCleveland, OH · revenue $56M · programs 91.7% · 2024
- Midway LivingEast Elmhurst, NY · revenue $58M · programs 95.9% · FY2025
- Champlain Housing TrustBurlington, VT · revenue $56M · programs 86.5% · FY2025
All housing & shelter charities · Largest charities in Massachusetts
Questions people ask
How much of Housing Assistance Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, Housing Assistance Corporation reported that 89.6% of its $50.5 million in expenses went to program services, 6.8% to management and general and 3.6% to fundraising (Form 990, Part IX).
How much does Housing Assistance Corporation pay its top executive?
The largest total compensation Housing Assistance Corporation reported for one person in the fiscal year ending June 30, 2025 was $284,009, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Housing Assistance Corporation get its money?
Of $56.8 million in revenue in the fiscal year ending June 30, 2025, 83.1% came from contributions and grants (including 74.7% from government grants) and 15.8% from program service revenue (Form 990, Part VIII).
Is Housing Assistance Corporation a registered charity?
The IRS lists EIN 23-7431255 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611339349300906 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511279349301821 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411169349301816 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202300909349300705 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241309349301339 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111129349301501 · read the filing
All filings for EIN 23-7431255: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.