Value Mortgage Foundation

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 12/2021, Value Mortgage Foundation generated $86.0k in total revenue. All expenses for the organization totaled $90.9k during the year ending 12/2021. While expenses have increased by 11.4% per year over the past 3 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 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIOUS FOOD PANTRIES


MUNI SEVA ASHRAM


AMERICAN RED CROSS


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $86,000
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $284,799
Net ST Capital Gain $284,799
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $86,000

Grants Awarded

Over the last fiscal year, Value Mortgage Foundation has awarded $85,444 in support to 3 organizations.

Grant RecipientAmount

FOOD PANTRIES

PURPOSE: PROVIDE FOOD ASSISTANCE TO PEOPLE IN NEED

$55,444

RED CROSS

PURPOSE: SUPPORT TO PEOPLE IN NEED

$20,000

MUNI SEVA ASHRAM

PURPOSE: PROVIDE FOOD SUPPORTTO PEOPLE IN NEED

$10,000
View Grant Profile

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