2024-05-15T16:32:51-05:00 2023-06-30 420174325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2022-07-01 223215740 MERRIMACK HOUSING CORPORATION MERR 6174411800 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 JEAN YANG DIRECTOR, PRESIDENT 6174411800 2024-05-14 1 JEAN YANG 999009999 0 LYNNE JOHNSON P00757336 6179129000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEAN YANG 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 143623 0 X WWW.VINFEN.ORG X 1992 MA TO PROVIDE LOW-INCOME DISABLED INDIVIDUALS WITH HOUSING IN A SPECIALLY DESIGNED ENVIRONMENT TO MEET THEIR NEEDS AND PROMOTE HEALTH, HAPPINESS AND SECURITY ON A NON-PROFIT BASIS SUFFICIENT TO MAINTAIN AND OPERATE THE HOME. 3 2 0 2 0 0 0 0 163869 143129 32 494 0 0 163901 143623 0 0 0 0 0 0 0 0 0 160531 161739 160531 161739 3370 -18116 1530662 1519773 1584528 1591755 -53866 -71982 TO PROVIDE LOW-INCOME DISABLED INDIVIDUALS WITH HOUSING IN A SPECIALLY DESIGNED ENVIRONMENT TO MEET THEIR NEEDS AND PROMOTE HEALTH, HAPPINESS AND SECURITY ON A NON-PROFIT BASIS SUFFICIENT TO MAINTAIN AND OPERATE THE HOME. 0 0 122474 143129 TO PROVIDE LOW-INCOME DISABLED INDIVIDUALS WITH HOUSING IN A SPECIALLY DESIGNED ENVIRONMENT TO MEET THEIR NEEDS AND PROMOTE HEALTH, HAPPINESS AND SECURITY ON A NON-PROFIT BASIS SUFFICIENT TO MAINTAIN AND OPERATE THE HOME. 122474 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X ANNETTE KOVAMEES 6174411800 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 RICHARD F SULLIVAN DIRECTOR TREASURER & CLERK (THRU 1/31/23) 0.50 39.50 X X 0 279915 11649 PHILIP A MASON DIRECTOR 0.10 2.50 X 0 0 0 PAUL ZINTL DIRECTOR 0.10 1.90 X 0 0 0 JEAN YANG DIR AS OF 92122 PRESIDENT (AS OF 8/22/22) 0.50 39.50 X X 0 189086 2702 SOPHIE SANTAELLA INTERIM PRES (THRU 8/21/22) & DIR. (THRU 9/21/22) 0.50 39.50 X X 0 279103 43373 BRUCE L BIRD FORMER DIRECTOR & PRESIDENT 0.00 0.00 X 0 236799 21978 0 984903 79702 0 1 1 0 0 TENANT ASSISTANCE PAYM 531110 83639 83639 RENT REVENUE 531110 43676 43676 RENT REVENUE - UNSUBSI 531110 15814 15814 143129 494 494 143623 143129 0 494 11427 11427 51 51 27787 27787 3862 3862 57114 57114 28620 28620 3364 3364 REPAIRS & MAINTENANCE 29514 29514 161739 122474 39265 0 361894 384316 21346 1868 112 117 979386 287218 694317 692168 287729 452993 153575 1530662 1519773 4645 6709 2070 2332 1158122 1158122 419691 424592 1584528 1591755 X -53866 -71982 -53866 -71982 1530662 1519773 -18116 0 X 0 1 X 1 1 1 X 163504 169075 147088 163869 143129 786665 163504 169075 147088 163869 143129 786665 0 0 0 786665 17 22 27 32 494 592 17 22 27 32 494 592 163521 169097 147115 163901 143623 787257 0.99920 0.99990 0.00080 0.00010 X 0 1 X 213850 213850 760085 281767 478318 5451 5451 0 692168 ASSETS WHOSE USE IS LIMITED 153575 153575 DUE TO AFFILIATE 424592 424592 X 143623 0 143623 0 143623 161739 0 161739 0 161739 PART IV, LINE 2B: TENANT SECURITY DEPOSITS TOTALING $2,332 WERE HELD IN ESCROW ACCOUNTS. PART X, LINE 2: MERRIMACK HOUSING CORPORATION ("MERRIMACK") IS QUALIFIED UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. MERRIMACK IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME, IF ANY. MERRIMACK FOLLOWS THE FASB GUIDANCE, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. MANAGEMENT BELIEVES THAT MERRIMACK HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. WITH FEW EXCEPTIONS, MERRIMACK IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE DATE FILED. MERRIMACK WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF OPERATING EXPENSES. PART X, LINE 1: DUE TO AFFILIATE - MERRIMACK OWES $424,592 TO VINFEN CORPORATION. THIS ADVANCE BEARS NO INTEREST AND HAS NO FIXED PAYMENT TERMS. MANAGEMENT DOES NOT ANTICIPATE ANY PAYMENTS DURING THE SUCCEEDING FIVE YEARS. 0 0 0 0 0 0 0 0 0 SOPHIE SANTAELLA INTERIM PRES (THRU 8/21/22) & DIR. (THRU 9/21/22) 0 277136 0 0 0 1967 0 8400 0 34973 0 322476 0 0 RICHARD F SULLIVAN DIRECTOR TREASURER & CLERK (THRU 1/31/23) 0 273696 0 0 0 6219 0 8866 0 2783 0 291564 0 0 BRUCE L BIRD FORMER DIRECTOR & PRESIDENT 0 226779 0 0 0 10020 0 10675 0 11303 0 258777 0 0 JEAN YANG DIR AS OF 92122 PRESIDENT (AS OF 8/22/22) 0 188496 0 0 0 590 0 0 0 2702 0 191788 0 0 PART I, LINE 3 THE OFFICERS ARE COMPENSATED BY VINFEN CORPORATION, A CONTROLLING ORGANIZATION. THE BOARD OF DIRECTORS OF VINFEN CORPORATION AND AFFILIATES PERIODICALLY ENGAGES THE SERVICES OF AN OUTSIDE COMPENSATION AND BENEFITS CONSULTANT TO DETERMINE THE COMPETITIVENESS OF THE TOTAL COMPENSATION PAID TO CORPORATE OFFICERS. THE COMPENSATION COMMITTEE OF THE BOARD USES COMPARABLE COMPENSATION DATA TO DETERMINE THE COMPENSATION FOR THE OFFICERS PERIODICALLY WITH CONTEMPORANEOUS DOCUMENTATION. RECORDKEEPING OF ALL COMPENSATION DECISIONS EXIST, IN THE FORM OF PERSONNEL ACTION FORMS FOR EVERY COMPENSATION ACTION AFFECTING POSITIONS AT VINFEN CORPORATION. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS VINFEN CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER, VINFEN CORPORATION, HAS THE POWER TO APPOINT AND/OR REMOVE THE BOARD MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY VINFEN FINANCE STAFF AND REVIEWED BY ITS CONTROLLER AND CHIEF FINANCIAL OFFICER. ALL DIRECTORS ARE PROVIDED A COPY AND GIVEN AN OPPORTUNITY TO RESPOND PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C VINFEN CORPORATION DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND DISCLOSURE ANNUALLY OR BI-ANNUALLY TO DIRECTORS, OFFICERS, AND KEY EMPLOYEES AND REVIEWS THE RESPONSES FOR POTENTIAL CONFLICTS. THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS OF VINFEN CORPORATION AND ITS AFFILIATED ENTITIES, AS WELL AS THE SENIOR MANAGEMENT (THE INTERDEPARTMENTAL COUNCIL OR "IDC") AT VINFEN CORPORATION AND AFFILIATES. THE GENERAL COUNSEL REVIEWS THE DISCLOSURE FORMS TO DETERMINE WHICH DIRECTORS OR IDC MEMBERS HAVE DISCLOSED A POTENTIAL CONFLICT. FOR POTENTIAL BOARD CONFLICTS, THE CHAIRPERSON OF THE BOARD OF DIRECTORS APPOINTS A COMMITTEE OF DIRECTORS (WITH NO REPORTABLE CONFLICTS) TO REVIEW THE DETAILS OF ANY REPORTED POTENTIAL CONFLICTS AND/OR PROPOSED BUSINESS TRANSACTIONS. THE COMMITTEE THEN MAKES A RECOMMENDATION FOR APPROVAL BY THE FULL BOARD, WHICH IS VOTED ON ONLY BY THOSE DIRECTORS WITH NO REPORTABLE TRANSACTIONS. FOR POTENTIAL CONFLICTS BY IDC MEMBERS, THE CEO APPOINTS A COMMITTEE OF IDC MEMBERS (WITH NO REPORTABLE CONFLICTS) TO REVIEW THE DETAILS OF ANY REPORTED POTENTIAL CONFLICTS AND PROPOSED BUSINESS TRANSACTIONS. THE COMMITTEE THEN MAKES A RECOMMENDATION FOR APPROVAL BY THE EXECUTIVE TEAM, WHICH IS VOTED ON ONLY BY THOSE EXECUTIVE TEAM MEMBERS WITH NO REPORTABLE TRANSACTIONS. FORM 990, PART VI, SECTION C, LINE 19 VINFEN CORPORATION AND AFFILIATES MAKE THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, BY PAPER OR E-MAIL, FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA CANDID, FORMERLY KNOWN AS GUIDESTAR, AND THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. VINFEN CORPORATION OF CONNECTICUT INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 061569439 HUMAN SERVICES CT 501(C)(3) LINE 10 VINFEN CORPORATION 0 VINFEN CORPORATION OF LARCHMONT INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 043546321 LOW INCOME HOUSING FOR DISABLED PERSONS MA 501(C)(3) LINE 10 VINFEN CORPORATION 0 VINFEN CORPORATION 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 042632219 HUMAN SERVICES MA 501(C)(3) LINE 10 N/A 0 VINFEN CORPORATION OF PLAIN INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 300162655 LOW INCOME HOUSING FOR DISABLED PERSONS MA 501(C)(3) LINE 10 VINFEN CORPORATION 0 WESTLAND COMMUNITY HOUSING CORPORATION 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 311758843 LOW INCOME HOUSING FOR DISABLED PERSONS MA 501(C)(3) LINE 10 VINFEN CORPORATION 0 VINFEN CORPORATION OF FOREST INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 300162656 LOW INCOME HOUSING FOR DISABLED PERSONS MA 501(C)(3) LINE 10 VINFEN CORPORATION 0 GARDEN STREET APARTMENTS INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 043233283 LOW INCOME HOUSING FOR DISABLED PERSONS MA 501(C)(3) LINE 10 VINFEN CORPORATION 0 FORT HILL AVENUE INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 311740060 LOW INCOME HOUSING FOR DISABLED PERSONS MA 501(C)(3) LINE 10 VINFEN CORPORATION 0 APPLETON HOUSING CORPORATION 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 043259610 LOW INCOME HOUSING FOR DISABLED PERSONS MA 501(C)(3) LINE 10 VINFEN CORPORATION 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1