TY 2014 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2014

Open to Public Inspection

For calendar year 2014, or tax year beginning 2014, and ending , 20

Name of foundation
MERRIMACK RIVER VALLEY HOUSE INC

Number and street (or P.O. box number if mail is not delivered to street address)520 FLETCHER STREET Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LOWELL, MA01854

A Employer identification number

04-2104808

B Telephone number (see instructions)

(978) 452-6071

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$6,068,447J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............	196,136
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	26		26	26
4	Dividends and interest from securities......	107,148		107,148	107,148
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		403,746
b	Gross sales price for all assets on line 6a 3,829,935
7	Capital gain net income (from Part IV, line 2)...			403,746
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		576,706
12	Total. Add lines 1 through 11........	1,283,762		510,920	107,174
13	Compensation of officers, directors, trustees, etc.	66,031				66,031
14	Other employee salaries and wages......	684,943				684,943
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		14,137			14,137
b	Accounting fees (attach schedule).......		16,495	2,474	16,495	16,495
c	Other professional fees (attach schedule)....		28,332	28,332	28,332	28,332
17	Interest...............	8,657				8,657
18	Taxes (attach schedule) (see instructions)...		65,784			65,784
19	Depreciation (attach schedule) and depletion...		71,882
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		338,471			338,471
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,294,732		30,806	44,827	1,222,850
25	Contributions, gifts, grants paid........	0				0
26	Total expenses and disbursements. Add lines 24 and 25	1,294,732		30,806	44,827	1,222,850
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-10,970
b	Net investment income (if negative, enter -0-)			480,114
c	Adjusted net income (if negative, enter -0-)...				62,347

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2014)

Form 990-PF (2014)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	49,345	37,920	71,089
	2	Savings and temporary cash investments..........	159,229	124,562	91,393
	3	Accounts receivable
		Less: allowance for doubtful accounts	5,204
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........	22,311	15,064	15,064
	10a	Investments—U.S. and state government obligations (attach schedule)	516,170
	b	Investments—corporate stock (attach schedule)........
	c	Investments—corporate bonds (attach schedule)........	242,466
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	3,081,302	3,677,715	3,677,715
	14	Land, buildings, and equipment: basis 2,354,332
		Less: accumulated depreciation (attach schedule) 1,120,182	1,294,698	1,234,150	2,213,186
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,370,725	5,089,411	6,068,447
	17	Accounts payable and accrued expenses..........	55,018	90,520
	18	Grants payable..................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......	280,000	260,000
	22	Other liabilities (describe )		2,500
	23	Total liabilities (add lines 17 through 22)..........	335,018	353,020
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	5,035,707	4,736,391
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions)......	5,035,707	4,736,391
	31	Total liabilities and net assets/fund balances (see instructions)..	5,370,725	5,089,411

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	5,035,707
2	Enter amount from Part I, line 27a.....................	2	-10,970
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	5,024,737
5	Decreases not included in line 2 (itemize)	5	288,346
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,736,391

Form 990-PF (2014)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	403,746
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2013	1,216,253	3,766,173	0.32294
2012	1,255,704	3,609,648	0.34787
2011	1,456,881	4,101,571	0.35520
2010	1,244,309	4,136,138	0.30084
2009	1,213,485	4,051,269	0.29953

2	Total of line 1, column (d) ......................	2	1.62639
3	Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years. . .	3	0.32528
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	3,750,959
5	Multiply line 4 by line 3.......................	5	1,220,101
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	4,801
7	Add lines 5 and 6.........................	7	1,224,902
8	Enter qualifying distributions from Part XII, line 4..............	8	1,234,184
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2014)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	4,801
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	4,801
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	4,801
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	2,339
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,339
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,462
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Yes

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

www.rivervalleyhouse.org

The books are in care of bullet

PAULA MCCARRON Telephone no. bullet

(978) 452-6071

Located at bullet

520 FLETCHER STREETLOWELLMA ZIP+4 bullet

01854

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Form 990-PF (2014)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

Organizations relying on a current notice regarding disaster assistance check here......... bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2014?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?........................YesNo

If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2014.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)..................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.......................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2014)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
LAURIE HOGAN	Trustee 0.00	0
30 BERKELEY ST PELHAM,NH03076	Trustee 0.00	0
MARC BISHOP	Trustee 0.00	0
17 WASHINGTON COURT MARLBOROUGH,MA01752	Trustee 0.00	0
KAREN MCCLOSKEY	President 0.00	0
459 NEWTOWN ROAD LITTLETON,MA01460	President 0.00	0
SHERRI MCCORMACK	Trustee 0.00	0
3 FLORENCE WAY TYNGSBORO,MA01879	Trustee 0.00	0
JOSEPH CALLAHAN	Vice President 0.00	0
80 TOWNSEND FARM ROAD BOXFORD,MA01911	Vice President 0.00	0
CHARLES SULLIVAN	Treasurer 0.00	0
104 NEWBURY ST DRACUT,MA01826	Treasurer 0.00	0
ROLAND MARTIN	Trustee 0.00	0
308 PAWTUCKET ST LOWELL,MA01854	Trustee 0.00	0
PAULINE LEBLANC	Secretary 0.00	0
977 VARNUM AVE LOWELL,MA01854	Secretary 0.00	0
SEAN MORIARTY	Trustee 0.00	0
10 G MERRIMACK WAY TYNGSBORO,MA01879	Trustee 0.00	0
PAULA MCCARRON	Executive Dir. 40.00	66,031
80 BOSTON ROAD R CHELMSFORD,MA01824	Executive Dir. 40.00	66,031
CYNTHIA ROCHE	Trustee 0.00	0
3206 CHESTNUT HILL AVE ATHOL,MA01331	Trustee 0.00	0
NORMA ZAGARS	Trustee 0.00	0
26 N HILL ROAD WESTFORD,MA01886	Trustee 0.00	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JANALEE GILMAN	HEAD OF NURSING 40.00	56,663
BRYAN AVE DRACUT,MA01826	HEAD OF NURSING 40.00	56,663








Total number of other employees paid over $50,000...................

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1	OPERATE A HOME FOR THE ELDERLY	1,222,850
2


3


4

Form 990-PF (2014)

Page 8

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

3,808,080

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

3,808,080

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

3,808,080

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

57,121

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

3,750,959

Minimum investment return. Enter 5% of line 5..................

187,548

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2014 from Part VI, line 5......

Income tax for 2014. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,222,850

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

11,334

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,234,184

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

4,801

Adjusted qualifying distributions. Subtract line 5 from line 4..............

1,229,383

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2014)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2013	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2014:
a From 2009.......
b From 2010.......
c From 2011.......
d From 2012.......
e From 2013.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2014 from Part
XII, line 4: $
a Applied to 2013, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions).........
d Applied to 2014 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2014.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2010....
b Excess from 2011....
c Excess from 2012....
d Excess from 2013....
e Excess from 2014....

Form 990-PF (2014)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2014, enter the date of the ruling....... bullet

1950-05-01

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2014	(b) 2013	(c) 2012	(d) 2011	(e) Total
	0				0
b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....	1,234,184	1,217,359	1,257,558	1,459,703	5,168,804
d Amounts included in line 2c not used directly for active conduct of exempt activities ...........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	1,234,184	1,217,359	1,257,558	1,459,703	5,168,804
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...	125,032	125,539	120,321	136,719	507,611
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2014)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

Total ................................. 3b

Form 990-PF (2014)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............			14	26
4 Dividends and interest from securities....			14	107,148
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property .............
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory .............					403,746
9 Net income or (loss) from special events:			1
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aADMISSION FEES & LEGACIES					12,026
bMISCELLANEOUS INCOME					1,375
cROOM AND BOARD					535,045
d
e
12 Subtotal. Add columns (b), (d), and (e)..				107,174	952,192

13Total. Add line 12, columns (b), (d), and (e)..................

131,059,366

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
11	INCOME FROM ROOM AND BOARD AND ADMISSION FEES ARE USED IN THE DAILY OPERATIONS OF THE FACILITY.

Form 990-PF (2014)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2014)

Additional Data

Software ID:	14000265
Software Version:	2014v5.0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 AccountingFeesSchedule

Name:

MERRIMACK RIVER VALLEY HOUSE INC

EIN: 04-2104808

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING AND AUDIT FEES	16,495	2,474	16,495	16,495

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2014 DepreciationSchedule

Name:

MERRIMACK RIVER VALLEY HOUSE INC

EIN: 04-2104808

Software ID:14000265

Software Version:2014v5.0

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
DINNING ROOM CARPET	2008-07-01	8,385	7,262	200DB	8.93 %	749
RAMP	2008-11-15	108,617	14,274	SL	2.56 %	2,785
BUILDING IMPROVEMENTS	1988-09-30	228,749	197,849	SL	3.18 %	7,263
IMPROV & RENNOVATIONS	1990-07-01	60,753	45,938	SL	3.18 %	1,929
IMPROVEMENTS	1991-09-01	8,398	5,933	SL	3.18 %	267
ELEVATOR & RAMP	1994-05-01	100,668	59,872	SL	2.56 %	2,581
SAFETY LEDGE	1993-12-03	1,982	1,202	SL	2.56 %	51
IMPROVEMENTS	1995-07-01	33,209	15,636	SL	2.56 %	851
IMRPOVEMENTS	1996-07-01	16,096	7,152	SL	2.56 %	413
BUILDING IMPROVEMENTS	1998-03-01	40,825	16,532	SL	2.56 %	1,047
LEASEHOLD IMP FOR 9/30/00	2000-04-01	44,145	15,517	SL	2.56 %	1,132
IMPROVEMENTS 2001	2001-07-01	85,775	27,902	SL	2.56 %	2,199
IMPROVEMENTS 2002	2002-07-01	135,507	39,587	SL	2.56 %	3,474
BUILDING IMPROVEMENTS	2004-03-31	38,103	9,526	SL	2.56 %	977
BRICK & SIDING	2004-12-01	25,100	5,848	SL	2.56 %	644
ELECTRICAL WORK	2005-07-01	4,722	2,677	SL	6.67 %	315
ELEVATOR	2005-09-01	80,533	17,208	SL	2.56 %	2,065
FRAME & SCREEN DOOR	2005-08-01	3,350	1,878	SL	6.67 %	223
ELECTRICAL WORK	2006-06-22	12,437	6,224	SL	6.67 %	830
LANDSCAPING	2004-03-31	72,772	47,314	SL	6.67 %	4,854
GENERATOR	2002-10-31	11,975	8,542	200DB	7.0000	3,433
ACTIVITY RM FURNITURE	2007-10-22	672	643	200DB	4.46 %	29
PORCH RENOVATION	2009-06-01	6,233	727	SL	2.56 %	160
RESIDENTS PRINTER	2009-12-01	335	303	200DB	9.58 %	32
MOVING BOOKCASE	2009-12-01	861	644	200DB	8.73 %	75
MEDICATION RM FIXTURES	2009-11-01	1,730	1,296	200DB	8.73 %	151
3RD FL RM REMODELLING	2009-11-01	2,545	268	SL	2.56 %	65
TOSHIBER 2060 COPIER	2009-09-01	545	507	200DB	7.06 %	38
TWO WASHERS	2009-09-01	920	856	200DB	7.06 %	64
DELL COMPUTER-LIBRARY	2009-12-01	699	632	200DB	9.58 %	67
TOSHIBA 40" LCD HDTV	2009-12-02	619	560	200DB	9.58 %	59
PORCH ROOF	2009-12-31	6,400	663	SL	2.56 %	164
IMPROVEMENT	2010-07-01	6,100	540	SL	2.56 %	156
CARPET	2010-08-12	10,000	6,876	200DB	8.93 %	893
ICE MACHINE	2010-03-31	2,400	1,985	200DB	11.52 %	276
DELL COMPUTERS (5)	2010-04-15	2,348	1,942	200DB	11.52 %	270
FREEZER	2010-10-12	700	579	200DB	11.52 %	81
BOILER	2010-09-20	2,100	1,443	200DB	8.93 %	188
TANK PUMP	2010-10-15	2,945	2,025	200DB	8.93 %	263
FIRE ESCAPE (EGRESS )	2011-07-01	211,731	13,350	SL	2.56 %	5,429
BOOSTER HEATER	2011-10-06	1,595	810	200DB	14.06 %	224
DRYER	2011-04-14	550	402	200DB	11.37 %	63
DRYER	2011-06-16	600	438	200DB	11.37 %	68
FARMER PORCH ROOF	2011-12-15	11,000	576	SL	2.56 %	282
CARPET - NURSE STATION	2011-03-23	1,080	666	200DB	10.93 %	118
EMERGENCY CALL SYSTEM	2012-07-01	20,490	7,421	200DB	18.22 %	3,733
BASEMENT WINDOWS	2012-05-15	7,900	330	SL	2.56 %	203
SMOKE DETECTORS	2012-02-29	2,176	1,010	200DB	15.31 %	333
BOILER SYSTEM-NAT'L GRID	2012-11-30	93,945	29,236	200DB	19.68 %	18,488
18 AIR CONDITIONERS-NAT'L	2012-11-30	5,460	1,699	200DB	19.68 %	1,075
FREEZER-NAT'L GRID	2012-11-30	825	256	200DB	19.68 %	162
2 REFRIGERATORS-NAT'L GR	2012-11-30	1,810	564	200DB	19.68 %	356
FIRE LINE BACK FLOW	2014-11-06	6,340		SL	0.83 %	53
AIR CONDITIONER	2014-07-18	694		200DB	10.71 %	74
FENCE FOR DUMPSTERS	2014-07-31	4,300		SL	2.50 %	108

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

MERRIMACK RIVER VALLEY HOUSE INC

EIN: 04-2104808

Software ID:14000265

Software Version:2014v5.0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
GLCF ENDOWMENT FUND	FMV	6,113	6,113
MUTUAL FUNDS	FMV	3,671,602	3,671,602

- TIN:

TY 2014 LandEtcSchedule2

Name:

MERRIMACK RIVER VALLEY HOUSE INC

EIN: 04-2104808

Software ID:14000265

Software Version:2014v5.0

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Furniture and Fixtures	95,983	92,657	3,326	3,326
Machinery and Equipment	253,397	191,349	62,048	62,048
Buildings	1,132,068	515,230	616,838	1,000,000
Improvements	474,481	320,946	153,535	749,769
Land	398,403		398,403	398,043

- TIN:

TY 2014 LegalFeesSchedule

Name:

MERRIMACK RIVER VALLEY HOUSE INC

EIN: 04-2104808

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	14,137	0	0	14,137

- TIN:

TY 2014 MortgagesAndNotesPayableSch

Name:

MERRIMACK RIVER VALLEY HOUSE INC

EIN: 04-2104808

Software ID:14000265

Software Version:2014v5.0

Total Mortgage Amount: 260000

Item No.	1
Lender's Name	ENTERPRISE BANK AND TRUST CO
Lender's Title
Relationship to Insider
Original Amount of Loan	600000
Balance Due	180000
Date of Note	2004-05
Maturity Date
Repayment Terms	ON DEMAND
Interest Rate	2.7500
Security Provided by Borrower	MARKETABLE SECURITIES
Purpose of Loan	CAPITAL IMPROVEMENT
Description of Lender Consideration
Consideration FMV

Item No.	2
Lender's Name	ENTERPRISE BANK AND TRUST CO
Lender's Title
Relationship to Insider
Original Amount of Loan	200000
Balance Due	80000
Date of Note	2011-02
Maturity Date	2021-06
Repayment Terms	10 YEARS
Interest Rate	4.0000
Security Provided by Borrower	MARKETABLE SECURITIES
Purpose of Loan	CAPITAL IMPROVEMENT
Description of Lender Consideration
Consideration FMV

- TIN:

TY 2014 OtherExpensesSchedule

Name:

MERRIMACK RIVER VALLEY HOUSE INC

EIN: 04-2104808

Software ID:14000265

Software Version:2014v5.0

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
ACTIVITIES	7,237	7,237
ADVERTISING	1,436	1,436
ALLOWANCE TO RESIDENTS	475	475
BOOKKEEPING FEE	12,000	12,000
BUILDING EXPENSE	28,969	28,969
CABLE	10,287	10,287
CONSULTING FEE	950	950
DONATION	125	125
DUES AND FEES	1,543	1,543
EMPLOYEE GOODWILL	2,000	2,000
FILING FEE	804	804
FIRE ALARM SERVICES	4,960	4,960
FOOD	60,878	60,878
FUNDRAISING EVENT EXPENSES	7,341	7,341
HEAT, LIGHT AND GAS	43,246	43,246
INSURANCE GENERAL	55,640	55,640
INSURANCE MEDICAL	47,131	47,131
MEDICAL CONSULTATION	4,380	4,380
MEDICAL EXPENSE	4,092	4,092
OFFICE EXPENSE	7,249	7,249
PAYROLL PROCESSING	2,804	2,804
REPAIR AND MAINTENANCE	19,818	19,818
TELEPHONE	3,049	3,049
WATER AND SEWER	12,057	12,057

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

MERRIMACK RIVER VALLEY HOUSE INC

EIN: 04-2104808

Software ID:14000265

Software Version:2014v5.0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ADMISSION FEES & LEGACIES	12,026
Income From Special Events	28,260
MISCELLANEOUS INCOME	1,375
ROOM AND BOARD	535,045

- TIN:

TY 2014 OtherProfessionalFeesSchedule

Name:

MERRIMACK RIVER VALLEY HOUSE INC

EIN: 04-2104808

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEE	28,332	28,332	28,332	28,332

- TIN:

TY 2014 TaxesSchedule

Name:

MERRIMACK RIVER VALLEY HOUSE INC

EIN: 04-2104808

Software ID:14000265

Software Version:2014v5.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX	4,800			4,800
PAYROLL TAXES	60,984			60,984