Merrimac Valley Housing Services Inc

Organization Overview

Merrimac Valley Housing Services Inc is located in Lowell, MA. The organization was established in 1981. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrimac Valley Housing Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Merrimac Valley Housing Services Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ELDERLY AND HANDICAPPED PERSONS OF LOW INCOME WITH HOUSING FACILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOW INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS.


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Board, Officers & Key Employees

Name (title)Compensation
Rita O'brien Dee
President
$0
Dennis Piendak
Treasurer
$0
Marie Sweeney
Clerk
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $999,056
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$999,056
Total Program Service Revenue$238,841
Investment income $817
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,240,194

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