2026-05-15T13:08:44-05:00 2025-06-30 921479802 Grassi & Co CPA'S PC 6 Omni Way Suite 201 Chelmsford MA 01824 990 2024-07-01 042732088 Merrimack Valley Housing Services Inc MERR 9784590551 155 Merrimack Street Lowell MA 01852 Nancy Van Alst Chief Financial Officer 9784590551 2026-05-14 1 1 Brendan E Toolin P01323447 9784522500 2026-05-11 2024 2025-03-06 01:10:19Z Rita O'Brien-Dee 155 Merrimack Street Lowell MA 01852 1521694 0 X N/A X 1981 MA To provide elderly and handicapped persons of low income with housing facilities. 3 3 0 3 0 0 1110142 1266990 260586 212744 43192 37058 1568 4902 1415488 1521694 0 0 0 0 367897 0 0 0 0 871217 1186212 1239114 1186212 176374 335482 1991359 2153324 7322654 7149137 -5331295 -4995813 To provide families, elderly persons and handicapped persons of low income, who are residents of the Merrimack Valley Planning District, with housing facilities and other services on a non-profit basis. 0 0 950945 217646 Low-income housing for elderly and handicapped persons. 950945 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA X Nancy Van Alst 9784590551 155 Merrimack Street Lowell MA 01852 X Rita O'Brien Dee President 2.00 X X 0 0 0 Dennis Piendak Treasurer 2.00 X X 0 0 0 Marie Sweeney Clerk 2.00 X X 0 0 0 0 0 0 0 0 0 0 Peabody Properties Inc 536 Granite Street Braintree MA 02184 Property Management 412652 1 1266990 1266990 Apartment Rent 532000 212744 212744 212744 37058 37058 Laundry Income 812300 4902 4902 4902 1521694 217646 0 37058 434069 276912 157157 28470 28470 15000 15000 352 352 35617 1449 34168 258385 258385 17037 17037 61976 61976 Repairs and Maintenance 119788 119788 Contracted Services 66697 66697 Other Operating and mai 62121 62121 Taxes 51773 51773 34927 34455 472 1186212 950945 235267 0 161003 467932 332554 342051 94714 5826 14847 14860 4218771 3840638 395170 378133 0 0 993071 944522 1991359 2153324 90853 52918 8418 6601 15609 16558 7207774 7073060 7322654 7149137 X -5394391 -5052909 63096 57096 -5331295 -4995813 1991359 2153324 335482 0 X 0 1 X 1 1 1 X 959527 999056 1007523 1110142 1266990 5343238 959527 999056 1007523 1110142 1266990 5343238 5343238 1051 817 15281 43192 37058 97399 1736 1480 1357 4902 9475 5450112 940398 0.98040 0.98540 X Schedule A, Part II, Line 10, Explanation of Other Income: Laundry Income - 2020 Amount: $ 1,736. 2021 Amount: $ 1,480. 2022 Amount: $ 1,357. 2024 Amount: $ 4,902. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 163000 163000 3559519 3371228 188291 361887 361670 217 134365 107740 26625 378133 Tenant deposits held in trust 16558 Escrow deposits 324586 Replacement reserve 510293 Residual receipts 85085 Payroll advance 8000 944522 X Part IV, Line 2b: Tenant security deposits are held in a separate account until the tenant-landlord relationship is terminated, at which time the deposits are refunded to the tenant, provided that the apartment condition requirements outlined in the lease agreement have been met. Part X, Line 2: The Organization has been recognized as tax-exempt under Internal Revenue Code Section 501(c)(3) and is, therefore, generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been included in the accompanying financial statements. ASC 740-10, Income Taxes, requires the Organization to evaluate and disclose tax positions that could have an effect on the Organization's financial statements. The Organization reports its activities to the Internal Revenue Service and the Commonwealth of Massachusetts on an annual basis. These informational returns are generally subject to examination by the applicable governmental agencies for a period of three years after filing. Substantially all of the Organization's income, expenses, and activities relate to its exempt purpose; therefore, management has determined that the Organization is not subject to unrelated business income taxes and will continue to qualify as a tax-exempt not-for-profit entity. Form 990, Part VI, Section A, line 3 Community Teamwork, Inc. (a related organization) and Peabody Properties maintain the books and records of the Organization and perform other managerial and administration functions for which they are compensated. Form 990, Part VI, Section A, line 7a The members of the Board of Directors of Merrimack Valley Housing Services, Inc. are appointed by the Community Teamwork, Inc. Board of Directors at their annual meeting. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the management of Merrimack Vally Housing Services, Inc. prior to being filed. A copy of form 990 is distributed to the Merrimack Valley Housing Services, Inc. Board of Directors and the Board of Directors of the parent organization, Community Teamwork, Inc. Form 990, Part VI, Section B, line 12c Each year the officers and directors of Merrimack Valley Housing Services, Inc. review the conflict of interest policy, disclose anything not previously reported and update the status of any previous conflict of interest reported. They sign the policy assuring that they have complied with the policy. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request at the administrative office of Community Teamwork, Inc. Merrimack Valley Senior Housing LLC 155 Merrimack Street Lowell MA 01852 371957484 Rental MA 1521694 3842721 MVHS Lowell 155 Merrimack Street Lowell MA 01852 042382027 Services MA 501(c)(3) Line 7 0 Common Ground Development Corporation 155 Merrimack Street Lowell MA 01852 030494844 Housing MA 501(c)(3) Line 10 CTI 0 Community Housing Inc 155 Merrimack Street Lowell MA 01852 320047832 Housing MA 501(c)(3) Line 10 CTI 0 StonyBrook I Housing Services Inc 155 Merrimack Street Lowell MA 01852 814449057 Housing MA 501(c)(2) CGDC 0 Broadway Street Supportive Housing Inc 155 Merrimack Street Lowell MA 01852 834656865 Housing MA 501(c)(2) CGDC 0 Towne School Limited Partnership 155 Merrimack Street Lowell MA 01852 273921886 Housing MA Towne School GP LLC Related 0 0 SB2 Housing Limited Partnership 155 Merrimack Street Lowell MA 01852 371750640 Housing MA SB2 Housing GP LLC Related 0 0 446 Mass Ave Limited Partnership 155 Merrimack Street Lowell MA 01852 833504289 Housing MA 446 Mass Ave GP LLC Related 0 0 144 Greenmont Limited Partnership 155 Merrimack Street Lowell MA 01852 994451935 Housing MA 144 Greenmont GP LLC Related 0 0 CGDC LLC 155 Merrimack Street Lowell MA 01852 274392487 Development MA CGDC C 0 Towne School GP LLC 155 Merrimack Street Lowell MA 01852 273921799 Development MA CGDC C 0 SB2 Housing GP LLC 155 Merrimack Street Lowell MA 01852 464878349 Development MA CGDC C 0 446 Mass Ave GP LLC 155 Merrimack Street Lowell MA 01852 833483164 Development MA CGDC C 0 144 Greenmont GP LLC 155 Merrimack Street Lowell MA 01852 994462753 Development MA CGDC C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0