Merrimack River Valley House Inc in Lowell, Massachusetts (MA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Massachusetts
| Merrimack River Valley House Inc | |
| Employer Identification Number (EIN) | 042104808 |
| Name of Organization | Merrimack River Valley House Inc |
| Address | House Inc, Lowell, MA 01854 |
| Activities | Housing for the aged (see also 153) |
| Subsection | Charitable Organization |
| Ruling Date | 05/1950 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,370,725 |
| Amount of Income | $2,361,141 |
| Form 990 Revenue Amount | $1,228,344 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,283,302 | $217,531 | $110,812 | |
| Contributions, gifts, grants, etc., received | $379,787 | |||
| Interest on savings and temporary cash investments | $40 | |||
| Dividends and interest from securities | $110,772 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $685,984 | |||
| Other | $106,719 | |||
| Total expenses and disbursements | $1,315,704 | $32,138 | $32,138 | $1,226,992 |
| Compensation of officers, directors, trustees, etc. | $64,000 | |||
| Total operating and administrative expenses | $1,315,704 | $32,138 | $1,226,992 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-32,402 | |||
| Net investment income | $185,393 | |||
| Adjusted net income | $78,674 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,542,514 | $6,479,549 |
| Cash - non-interest-bearing | $76,643 | |
| Investments-U.S. and state government obligations | $649,955 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $138,472 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,011,236 | |
| Other | $1,666,208 | |
| Total liabilities | $365,155 | |
| Mortgages and other notes payable | $300,000 | |
| Other | $65,155 | |
| Total liabilities and net assets/fund balances | $5,177,359 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $106,719 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $1,854 |
| Total credits and payments | $3,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,000 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $1 |
| Tax due | $0 |
| Overpayment | $1,145 |
| Amount to be credited to 2013 estimated tax | $1,145 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $3,664,617 |
| Net value of noncharitable-use assets | $3,609,640 |
| Minimum investment return | $180,482 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $1,257,558 | $1,459,703 | $1,246,735 | $1,214,559 | $5,178,555 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $120,321 | $136,719 | $137,871 | $135,042 | $529,953 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Merrimac River Rowing Assn Inc | PO BOX 1909, Lowell, MA 01853-1909 | MA | 2005-07 | $125,647 |
| 2 | Merrimac Soccer Club | PO BOX 242, Merrimac, MA 01860-0242 | MA | 1980-03 | $21,484 |
| 3 | Merrimac Softball League Inc | Co Obara 36 West Main Street, Merrimac, MA 01860 | MA | 2006-03 | $14,878 |
| 4 | Merrimac Valley Housing Services Inc | 155 Merrimack St, Lowell, MA 01852-1723 | MA | 1981-08 | $802,484 |
| 5 | Merrimack Child Care Center Inc | 366 Amesbury Line Rd, Haverhill, MA 01830-1808 | MA | 1975-04 | $173,843 |
| 6 | Merrimack Education Center Inc | 101 Mill Rd, Chelmsford, MA 01824-4844 | MA | 1978-06 | $16,963,805 |
| 7 | Merrimack Housing Corporation | 950 Cambridge St, Cambridge, MA 02141-1001 | MA | 1993-04 | $67,541 |
| 8 | Merrimack Junior Theatre Inc | 17 Kenilworth St, Andover, MA 01810-2623 | MA | 1990-11 | $24,891 |
| 9 | Merrimack Repertory Theatre | 132 Warren St, Lowell, MA 01852-2208 | MA | 1979-05 | $2,038,390 |
| 10 | Merrimack River Feline Rescue Society Inc | 63 Elm St, Salisbury, MA 01952-1936 | MA | 1993-03 | $1,451,716 |
| 11 | Merrimack River Valley House Inc | House Inc, Lowell, MA 01854 | MA | 1950-05 | $2,361,141 |
| 12 | Merrimack River Watershed Council Inc | 60 Island St, Lawrence, MA 01840-1835 | MA | 1978-04 | $100,803 |
| 13 | Merrimack Valley Chamber Of Commerce Inc | 264 Essex St, Lawrence, MA 01840-1516 | MA | 1942-11 | $789,395 |
| 14 | Merrimack Valley Chapter Of Unico National Inc | 40 Bayfield Dr, North Andover, MA 01845-6016 | MA | $30,487 | |
| 15 | Merrimack Valley Community Service Corp Inc | 264 Essex Street 2nd Floor, Lawrence, MA 01840-1516 | MA | 2003-09 | $379,525 |
| 16 | Merrimack Valley Concert Band | Po Box 76, Merrimac, MA 01860 | MA | 2004-12 | $0 |
| 17 | Merrimack Valley Day Care Inc | 599 Canal St 3rd Flr W, Lawrence, MA 01840-1244 | MA | 1988-02 | $315,728 |
| 18 | Merrimack Valley Economic Development Corporation | 160 Main St, Haverhill, MA 01830-5061 | MA | 1994-05 | $29,508 |
| 19 | Merrimack Valley Economic Development Council Inc | 1600 Osgood Street Osgood Landing, North Andover, MA 01845 | MA | 2000-02 | $87,587 |
| 20 | Merrimack Valley Health Services Inc | 600 Federal Street, Andover, MA 01810-1064 | MA | 1985-06 | $5,406,439 |
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