Value Mortgage Foundation
- Assets
- $3.5m
- Revenue
- $231.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Chelmsford, MA
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 04-3443031
Organization Overview
Value Mortgage Foundation is located in Chelmsford, MA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Value Mortgage Foundation 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 12/2023, Value Mortgage Foundation generated $231.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 73.1% each year . All expenses for the organization totaled $44.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Value Mortgage Foundation has awarded 25 individual grants totaling $254,306. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN RED CROSS
MUNI SEVA ASHRAM
AKSHAYA PATRA
OUR JOURNEY
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $231,400 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $4,060 |
| Net ST Capital Gain | $221,665 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $231,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $668 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $745 |
| Contributions, gifts, grants paid | $43,621 |
| Total expenses and disbursements | $44,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,359,850 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,480,915 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Value Mortgage Foundation has awarded $43,621 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MUNI SEVA ASHRAM PURPOSE: PROVIDE FOOD ASSISTANCE FOR THE ELDERLY | $10,000 |
RED CROSS PURPOSE: SUPPORT TO PEOPLE IN NEED | $25,000 |
AKSHAYA PATRA PURPOSE: SCHOOL LUNCH PROGRAM | $5,000 |
OUR JOURNEY INC PURPOSE: LIBRARY FOR STUDENTSIN AFRICA | $1,200 |
MISSION OF DEEDS PURPOSE: HOME FURNISHINGSFOR THE NEEDY | $450 |
SATSANG CENTER PURPOSE: COMMUNITY SERVICE | $251 |