Form 990 for tax year 2025
Filed by MERRIMACK VALLEY HOUSING PARTNERSHIP INC.
Totals
- Total revenue
- $943,146
- Total expenses
- $1,107,642
- Contributions and grants received
- $783,657
- Grants paid
- $0
- Program service revenue
- $121,873
- Investment income
- $37,616
- Other revenue
- $0
- Total assets, end of year
- $2,700,292
- Total liabilities, end of year
- $842,396
- Net assets or fund balances, end of year
- $1,857,896
- Program services expenses (Part IX)
- $674,982
- Management and general expenses
- $237,310
- Fundraising expenses
- $195,350
- Program service expenses (Part III)
- $674,982
Program services were 60.9% 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.
-
1e · Government grants (contributions)
$316,100
-
1f · All other contributions, gifts and grants
$467,557
-
2a · Program service revenue: Course Fees
total $61,748 · related or exempt $61,748
-
2b · Program service revenue: Fee for Services
total $60,125 · related or exempt $60,125
-
3 · Investment income
total $38,753 · excluded $38,753
-
7a · Gross sales of assets other than inventory
securities $94,421
-
7b · Less cost or other basis and sales expenses
securities $95,558
-
7c · Gain or loss
securities -$1,137
-
7d · Net gain or loss
total -$1,137 · excluded -$1,137
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $147,151 · program services $103,006 · management and general $29,430 · fundraising $14,715
-
7 · Other salaries and wages
total $308,635 · program services $216,044 · management and general $61,727 · fundraising $30,864
-
9 · Other employee benefits
total $38,437 · program services $26,906 · management and general $7,687 · fundraising $3,844
-
10 · Payroll taxes
total $35,940 · program services $25,158 · management and general $7,188 · fundraising $3,594
-
11c · Fees: accounting
total $40,260 · management and general $40,260
-
11f · Fees: investment management
total $7,259 · management and general $7,259
-
11g · Fees: other
total $56,191 · program services $44,391 · management and general $7,867 · fundraising $3,933
-
12 · Advertising and promotion
total $6,763 · program services $4,734 · management and general $1,353 · fundraising $676
-
13 · Office expenses
total $36,001 · program services $25,201 · management and general $7,200 · fundraising $3,600
-
14 · Information technology
total $43,500 · program services $30,450 · management and general $8,700 · fundraising $4,350
-
16 · Occupancy
total $15,198 · program services $10,639 · management and general $3,039 · fundraising $1,520
-
17 · Travel
total $3,084 · program services $2,159 · management and general $617 · fundraising $308
-
19 · Conferences, conventions and meetings
total $2,037 · program services $1,426 · management and general $407 · fundraising $204
-
20 · Interest
total $40,567 · program services $28,397 · management and general $8,113 · fundraising $4,057
-
22 · Depreciation, depletion and amortization
total $201,403 · program services $140,982 · management and general $40,281 · fundraising $20,140
-
23 · Insurance
total $3,485 · program services $2,440 · management and general $696 · fundraising $349
-
24a · Other expenses: Capital Campaign Expens
total $98,000 · fundraising $98,000
-
24b · Other expenses: Meeting Expense
total $8,370 · management and general $4,185 · fundraising $4,185
-
24c · Other expenses: Copying & Printing
total $4,908 · program services $4,418 · management and general $245 · fundraising $245
-
24d · Other expenses: Miscellaneous
total $4,232 · program services $2,962 · management and general $847 · fundraising $423
-
24e · All other expenses
total $6,221 · program services $5,669 · management and general $209 · fundraising $343
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $297,598 · end of year $236,319
-
2 · Savings and temporary cash investments
beginning of year $257,318 · end of year $221,378
-
3 · Pledges and grants receivable
beginning of year $13,996 · end of year $68,093
-
4 · Accounts receivable
beginning of year $23,422 · end of year $4,850
-
9 · Prepaid expenses and deferred charges
beginning of year $27,167 · end of year $10,242
-
10a · Land, buildings and equipment: cost or other basis
$580,517
-
10b · Land, buildings and equipment: accumulated depreciation
$82,422
-
10c · Land, buildings and equipment, net
beginning of year $534,583 · end of year $498,095
-
11 · Investments: publicly traded securities
beginning of year $636,485 · end of year $719,769
-
15 · Other assets
beginning of year $1,342,623 · end of year $941,546
-
17 · Accounts payable and accrued expenses
beginning of year $407,495 · end of year $35,061
-
23 · Secured mortgages and notes payable
end of year $27,784
-
25 · Other liabilities
beginning of year $796,843 · end of year $779,551
-
27 · Net assets without donor restrictions
beginning of year $1,914,757 · end of year $1,687,202
-
28 · Net assets with donor restrictions
beginning of year $14,097 · end of year $170,694
Mission and programs · 2025
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.
Activities or mission (Part I)
To promote responsibility and sustainable home ownership opportunities for low and moderate income earners.
-
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 $674,982 · Revenue $121,873
-
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 2025 return.
Listed in Part VII
-
Christine Martello
President
- Total calculated
- $0
- Hours/week
- 2
-
Francey Slater
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Bethany Watson
Clerk
- Total calculated
- $0
- Hours/week
- 1
-
Mercy Anampiu
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Mayte Ramos
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
-
Kristina Vangos
Director
- Total calculated
- $0
- Hours/week
- 1
-
Germaine Vigeant-Trudel
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Lussier
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maria McDuffie Clark
Director
- Total calculated
- $0
- Hours/week
- 1
-
Isabel Cruz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marianela Vazquez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paulette Renault-Caragianes
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cathy Mercado
Executive Director
- Total calculated
- $147,151
- From this org
- $115,012
- From related orgs
- $0
- Other
- $32,139
- 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
- 2025
- Filed
- 14 April 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601119349301210
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