Masshousing Property Acquisition & Disposition Corporation
Nonprofit profile at a glance
- EIN
- 043129500
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- Boston, MA, USA
- Phone
- 6178541850
- Rating confidence
- Limited
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- CHRYSTAL KORNEGAY (PRESIDENT)
- KELLY CONDON (VICE PRESIDENT)
People named in this filing
- JEANNE PINADO (CHAIR)
- DARNELL DUNN BEGAN 4825 (DIRECTOR)
- CARMEN PANACOPOULOS (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To acquire, own, manage and/or sell (or otherwise dispose of) real and/or personal property relating to, without limitation, foreclosures of multifamily or single-family 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 and single-family business lines 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.
What it reported doing in 2024
The organization was not active in fiscal year 2025.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 72
- Sustainability: NotEnoughData
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: -17.1% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: -17.1% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 5 of 6 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 4 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.