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Nonprofiteer
← CHF MERRIMACK INC

Form 990 for tax year 2024

Filed by CHF MERRIMACK INC.

Totals

Total revenue
$50,001
Total expenses
$15,150
Contributions and grants received
$50,000
Grants paid
$0
Program service revenue
$0
Investment income
$1
Other revenue
$0
Total assets, end of year
$93,734,416
Total liabilities, end of year
$93,699,565
Net assets or fund balances, end of year
$34,851
Program services expenses (Part IX)
$15,150
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$15,150

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $50,000

  • 3 · Investment income

    total $1 · excluded $1

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: PREOPENING COSTS

    total $15,150 · program services $15,150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $60,888

  • 2 · Savings and temporary cash investments

    end of year $15,812,932

  • 12 · Investments: other securities

    end of year $45,532,699

  • 15 · Other assets

    beginning of year $0 · end of year $32,327,897

  • 17 · Accounts payable and accrued expenses

    end of year $7,068,331

  • 20 · Tax-exempt bond liabilities

    end of year $85,296,234

  • 23 · Secured mortgages and notes payable

    end of year $1,335,000

  • 27 · Net assets without donor restrictions

    end of year $34,851

Mission and programs · 2024

Mission

THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO BENEFIT, PERFORM THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, COLLEGIATE HOUSING FOUNDATION (THE 'FOUNDATION'), WHICH WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, AND MORE SPECIFICALLY FOR THE PURPOSE OF ASSISTING COLLEGES AND UNIVERSITIES IN PROVIDING HOUSING FOR THEIR ENROLLED STUDENTS AND OTHERWISE ASSISTING THEM IN FURTHERANCE OF THEIR EDUCATIONAL MISSIONS.

  • ALL OF THE ACTIVITIES OF THE ORGANIZATION ARE PERFORMED AND CARRIED OUT IN ACCORDANCE WITH THE PURPOSES, GOALS, AND OBJECTIVES OF THE FOUNDATION. THE ORGANIZATION'S SOLE ACTIVITY IS TO ASSIST MERRIMACK COLLEGE (THE 'COLLEGE') WITH THE FINANCING, CONSTRUCTION AND OPERATION OF AN APPROXIMATE 540-BED STUDENT HOUSING FACILITY AND ASSOCIATED ACADEMIC SPACE AND OTHER ANCILLARY FACILITIES (THE 'PROJECT'). THE COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION EXEMPT UNDER SECTION 501(C)(3) OF THE CODE AND LOCATED IN NORTH ANDOVER, MA.

    Expenses $15,150 · Revenue $50,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William Givhan

    DIRECTOR/PRESIDENT

    Total calculated
    $736,623
    From this org
    $0
    From related orgs
    $662,982
    Other
    $73,641
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $662,982 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $53,039 related
    Nontaxable benefits
    $0 + $20,602 related
    Filer's total
    $0 + $736,623 related

  • Brian Blakeney

    TREASURER/CLERK

    Total calculated
    $529,654
    From this org
    $0
    From related orgs
    $463,092
    Other
    $66,562
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $421,092 related
    Bonus
    $0 + $42,000 related
    Other
    $0
    Deferred
    $0 + $37,047 related
    Nontaxable benefits
    $0 + $29,515 related
    Filer's total
    $0 + $529,654 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202611319349302636

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