Merrimack Valley Housing Partnersh… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

Francey Slater

Phone

9784598490

Tax Period

2025-01-01 to 2025-12-31

Merrimack Valley Housing Partnership Inc, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $943K in total revenue in fiscal year 2025. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 17% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $674,982 Revenue: $121,873

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...

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.

Program 2

Expenses: $0 Revenue: $0

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $783,657

Program Service Revenue $121,873

Investment Income $37,616

Other Revenue $0

TOTAL REVENUE $943,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $530,163

Fundraising Expenses $195,350

Program Expenses $674,982

Other Expenses $577,479

TOTAL EXPENSES $1,107,642

Year-over-Year Comparison

	2025	2024	Change
Revenue	$943,146	$1,353,822	-0.3%
Expenses	$1,107,642	$1,274,231	-0.1%
Net Income	$-164,496	$79,591	-3.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

105

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$147,151

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christine Martello	President	2.00	Officer Director	$0	$0	$0
Francey Slater	Treasurer	2.00	Officer Director	$0	$0	$0
Bethany Watson	Clerk	1.00	Officer Director	$0	$0	$0
Mercy Anampiu	Vice President	1.00	Officer Director	$0	$0	$0
Mayte Ramos	Director	1.00	Director	$0	$0	$0
Carl W Howell	Director	1.00	Director	$0	$0	$0
Ann Ngeth	Director	1.00	Director	$0	$0	$0
Marisol Nobrega	Director	1.00	Director	$0	$0	$0
Kristina Vangos	Director	1.00	Director	$0	$0	$0
Germaine Vigeant-Trudel	Director	1.00	Director	$0	$0	$0
Joseph Lussier	Director	1.00	Director	$0	$0	$0
Maria McDuffie Clark	Director	1.00	Director	$0	$0	$0
Isabel Cruz	Director	1.00	Director	$0	$0	$0
Marianela Vazquez	Director	1.00	Director	$0	$0	$0
Paulette Renault-Caragianes	Director	1.00	Director	$0	$0	$0
Cathy Mercado	Executive Director	40.00	Officer	$115,012	$32,139	$147,151

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$943,146	$1,107,642	$2,700,292	$-164,496
2024	$1,353,822	$1,274,231	$3,139,594	$79,591
2023	$675,757	$524,967	$1,751,432	$150,790
2022	$631,649	$462,890	$1,472,655	$168,759
2021	$464,964	$416,123	$1,531,559	$48,841
2020	$496,670	$416,023	$1,344,810	$80,647
2019	$627,010	$437,769	$1,131,023	$189,241
2018	$181,891	$351,125	$1,001,782	$-169,234

Merrimack Valley Housing Partnership Inc