Massdevelopment Hefa Trust
Donations deductibleMassdevelopment Hefa Trust's network
4 people2 organisationsi4 people and 2 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (4). Violet dotted lines (2) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
4 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 2 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Brian Kavoogian | Trustee | 2019 | 7 yrs |
| Mike Kennealy | Trustee (Thru 01/2023) | 2019 | 7 yrs |
| Ricks P Frazier (also filed as Ricks Frazier) | Trustee (Thru 03/2023) | 2019 | 7 yrs |
| Sean Calnan | Trustee (As of 06/2023) | 2023 | 3 yrs |
Under 5 years5 to 6 years6 years or more
Pay and hours
year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Brian Kavoogian | Trustee | 1 | $0 | ||
| Sean Calnan | Director/Clerk | 1 | $0 | $210k | $53k |
| Daniel Rivera | President/CEO | 1 | $0 | $199k | $40k |
| Simon Gerlin | EVP Finance/CFO | 1 | $0 | $240k | $65k |
| Cynthia Tonucci | Interim EVP Finance Programs | 1 | $0 | $246k | $48k |
About
- Legal name
- Massdevelopment Hefa Trust
- EIN
- 043379905
- Address
- 99 High Street 11th Floor, Boston, MA, 02110-2320
- State
- Massachusetts
- Mission
- The trust may provide funds (i) for the benefit of massachusetts development finance agency (massdevelopment), a quasipublic entity, to reduce charges that it otherwise would impose on certain institutions using its services and (ii) for the benefit of (see schedule o) certain charitable organizations and governmental entities that the former massachusetts health and educational facilities... (as filed on the Form 990)
- Activity (NTEE)
- T30Z Philanthropy, voluntary services and grantmaking
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Philanthropy, Voluntarism & Grantmaking Foundations
- Size band
- 8 (IRS master file code)
- Formed
- 1997
- Principal officer
- Sean Calnan (as named on the Form 990)
- IRS ruling date
- 1 November 1997
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 5, latest 2023
- IRS Publication 78
- SOUNK (contributions deductible)
Most connected
Related organisations (Schedule R)
RelatedCONDUIT FUNDCivic Investments IncRelatedFOUNDATION SUPPORT MASSDEVELOPMENT AND OTHER 501.C.3.SMasscare Capital IncRelatedPROMOTE ECONOMIC DEVELOPMENTTaunton Developmentmassdevelopment Corp
Longest observed on the filings
≥7years on the filingsBrian Kavoogian
≥7years on the filingsMike Kennealy
≥7years on the filingsRicks P Frazier
≥3years on the filingsSean Calnan
Latest return
year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.- Total assets
- $10.9m
- Total liabilities
- $865
- Net assets or fund balances
- $10.9m
- Contributions and grants received
- $0
- Program service revenue
- $0
- Grants and similar paid out
- $100k
- Employees
- 0
- Volunteers
- 5
Grants paid
2 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Greater Roslindale Medical & Dental | To support facility upgrades, including renovations that would yield five new patient care rooms and a multi-disciplinary team work room. | $50k |
| North End Community Health Comm | For equipment and technology that supports the establishment of an in-house 340b pharmacy. | $50k |