Form 990 for tax year 2022
Filed by MERRIMACK VALLEY HOUSING PARTNERSHIP INC.
Totals
- Total revenue
- $631,649
- Total expenses
- $462,890
- Contributions and grants received
- $594,272
- Grants paid
- $0
- Program service revenue
- $49,716
- Investment income
- $1,750
- Other revenue
- -$14,089
- Total assets, end of year
- $1,472,655
- Total liabilities, end of year
- $11,259
- Net assets or fund balances, end of year
- $1,461,396
- Program services expenses (Part IX)
- $294,384
- Management and general expenses
- $127,462
- Fundraising expenses
- $41,044
- Program service expenses (Part III)
- $294,384
Program services were 63.6% 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.
-
1c · Fundraising events
$95,445
-
1e · Government grants (contributions)
$107,500
-
1f · All other contributions, gifts and grants
$391,327
-
2a · Program service revenue: COURSE FEES
total $49,716 · related or exempt $49,716
-
3 · Investment income
total $14,791 · excluded $14,791
-
7a · Gross sales of assets other than inventory
securities $91,776
-
7b · Less cost or other basis and sales expenses
securities $104,817
-
7c · Gain or loss
securities -$13,041
-
7d · Net gain or loss
total -$13,041 · excluded -$13,041
-
8a · Fundraising events: gross income
$16,450
-
8a · Fundraising events: contributions included on line 1c
$95,445
-
8b · Fundraising events: direct expenses
$30,539
-
8c · Net income from fundraising events
total -$14,089 · excluded -$14,089
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $210,784 · program services $147,548 · management and general $42,157 · fundraising $21,079
-
7 · Other salaries and wages
total $85,716 · program services $60,002 · management and general $17,143 · fundraising $8,571
-
8 · Pension plan contributions
total $1,200 · program services $840 · management and general $240 · fundraising $120
-
9 · Other employee benefits
total $13,096 · program services $9,167 · management and general $2,620 · fundraising $1,309
-
10 · Payroll taxes
total $23,459 · program services $16,421 · management and general $4,692 · fundraising $2,346
-
11c · Fees: accounting
total $23,105 · management and general $23,105
-
11f · Fees: investment management
total $6,187 · management and general $6,187
-
11g · Fees: other
total $20,970 · program services $14,679 · management and general $4,194 · fundraising $2,097
-
12 · Advertising and promotion
total $5,209 · management and general $5,209
-
13 · Office expenses
total $10,810 · program services $7,567 · management and general $2,163 · fundraising $1,080
-
14 · Information technology
total $28,815 · program services $20,169 · management and general $5,764 · fundraising $2,882
-
16 · Occupancy
total $9,867 · program services $6,907 · management and general $1,973 · fundraising $987
-
17 · Travel
total $157 · program services $110 · management and general $31 · fundraising $16
-
19 · Conferences, conventions and meetings
total $2,025 · program services $1,417 · management and general $405 · fundraising $203
-
22 · Depreciation, depletion and amortization
total $3,578 · management and general $3,578
-
23 · Insurance
total $3,401 · management and general $3,401
-
24a · Other expenses: COPYING & PRINTING
total $4,863 · program services $4,377 · management and general $243 · fundraising $243
-
24b · Other expenses: FOOD FOR MEETING/CLASSES
total $3,264 · program services $1,632 · management and general $1,632
-
24c · Other expenses: MISCELLANEOUS
total $2,773 · program services $2,773
-
24d · Other expenses: SUBSCRIPTIONS
total $2,504 · management and general $2,504
-
24e · All other expenses
total $1,107 · program services $775 · management and general $221 · fundraising $111
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $224,514 · end of year $311,507
-
3 · Pledges and grants receivable
end of year $75,000
-
4 · Accounts receivable
beginning of year $1,100 · end of year $36,500
-
9 · Prepaid expenses and deferred charges
beginning of year $5,693 · end of year $7,897
-
10a · Land, buildings and equipment: cost or other basis
$128,006
-
10b · Land, buildings and equipment: accumulated depreciation
$126,620
-
10c · Land, buildings and equipment, net
beginning of year $4,964 · end of year $1,386
-
11 · Investments: publicly traded securities
beginning of year $726,105 · end of year $582,733
-
15 · Other assets
beginning of year $569,183 · end of year $457,632
-
17 · Accounts payable and accrued expenses
beginning of year $9,266 · end of year $11,259
-
27 · Net assets without donor restrictions
beginning of year $1,522,293 · end of year $1,375,896
-
28 · Net assets with donor restrictions
end of year $85,500
Mission and programs · 2022
Mission
TO PROMOTE RESPONSIBLE AND SUSTAINABLE HOME OWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME EARNERS BY PRODUCING COMPREHENSIVE TRAINING AND COUNSELING, AS WELL AS PROMOTING THE USE OF SPECIAL MORTGAGE PRODUCTS AND DOWN PAYMENT ASSISTANCE PROGRAMS.
-
THE PROJECT GENESIS HOME BUYER TRAINING SERIES IS PROVIDED IN ENGLISH, SPANISH, AND KHMER, REACHING >800 PARTICIPANTS EACH YEAR. MORE THAN 60% HAVE INCOMES OF 80% OR LESS OF THE AREA MEDIAN INCOME. NEARLY 8,000 HOUSEHOLDS HAVE PURCHASED THEIR FIRST HOME AFTER COMPLETING THE TRAINING.
Expenses $294,384 · Revenue $49,716
-
FOR TRAINING SERIES GRADUATES, MVHP PROVIDES 1:1 HOME BUYER COUNSELING FOR NO ADDITIONAL COST. THIS INCLUDES CREDIT BUILDING, SAVINGS PLANS, BUILDING THE TEAM (AGENT, LENDER, INSPECTOR), AND GUIDANCE ON ELIGIBILITY FOR PROGRAMS SUCH AS DOWN PAYMENT ASSISTANCE AND SECTION 8 TO HOMEOWNERSHIP.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
PAULETTE RENAULT-CARAGIANES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
FRANCEY SLATER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
MAYTE RAMOS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
ZELMA LYONS-KHADAR
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
MERCY ANAMPIU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KAREN BOLTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL BREDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CARL W HOWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANN NGETH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARISOL NOBREGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SIBORIK ERIC PONN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
VLADIMIR SALDANA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DIANE SILVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KRISTINA VANGOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GERMAINE VIGEANT-TRUDEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CATHY MERCADO
EXECUTIVE DI
- Total calculated
- $105,981
- From this org
- $86,014
- From related orgs
- $0
- Other
- $19,967
- Hours/week
- 40
-
JAMES WILDE
EXECUTIVE DI
- Total calculated
- $95,240
- From this org
- $92,250
- From related orgs
- $0
- Other
- $2,990
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311319349301591
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