Civic Intelligence

Merrimack Valley Economic Development Corporation

EIN 04-3210262 • 501(c)4 • Haverhill, MA

Profile

Encourage regional economic development

160 Main StreetHaverhill, MA 01830-5000
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.14x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

88th percentile

0.82x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2025

Net Margin

38th percentile

0.4%

Higher net margin than 38% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

96th percentile

$184,125

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 121.3% of source-year revenue.

501(c)4 • $500k-$1M nonprofits • Source year 2025

Asset Growth

58th percentile

6.1%

Faster asset growth than 58% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

40th percentile

1.3%

Faster revenue growth than 40% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$909,568

Up $52,528 (+6.1%) from 2024

Liabilities

Up

$124,444

Up $51,925 (+72%) from 2024

Net Assets

Up

$785,124

Up $603 (+0.1%) from 2024

Operations
Liabilities / Revenue88th percentileNet Margin38th percentile

Revenue

Up

$151,853

Up $1,964 (+1.3%) from 2024

Expenses

Up

$151,250

Up $100,035 (+195%) from 2024

Net Income

Down

$603

Down $98,071 (-99%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth58th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2011: $716,080Liabilities 2011: $37,704Net Assets 2011: $678,3762011Assets 2012: $679,239Liabilities 2012: $522Net Assets 2012: $678,7172012Assets 2013: $699,672Liabilities 2013: $20,587Net Assets 2013: $679,0852013Assets 2014: $705,296Liabilities 2014: $25,597Net Assets 2014: $679,6992014Assets 2015: $702,320Liabilities 2015: $21,745Net Assets 2015: $680,5752015Assets 2016: $710,652Liabilities 2016: $29,111Net Assets 2016: $681,5412016Assets 2017: $731,592Liabilities 2017: $49,086Net Assets 2017: $682,5062017Assets 2018: $724,224Liabilities 2018: $40,760Net Assets 2018: $683,4642018Assets 2019: $726,006Liabilities 2019: $42,040Net Assets 2019: $683,9662019Assets 2020: $727,861Liabilities 2020: $43,560Net Assets 2020: $684,3012020Assets 2021: $702,990Liabilities 2021: $19,619Net Assets 2021: $683,3712021Assets 2022: $787,318Liabilities 2022: $103,337Net Assets 2022: $683,9812022Assets 2023: $760,248Liabilities 2023: $74,401Net Assets 2023: $685,8472023Assets 2024: $857,040Liabilities 2024: $72,519Net Assets 2024: $784,5212024Assets 2025: $909,568Liabilities 2025: $124,444Net Assets 2025: $785,1242025

Highlighted filing

2025

Assets$909,568
Liabilities$124,444
Net Assets$785,124
Open 2025 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2011: $34,381Expenses 2011: $33,148Net Income 2011: $1,2332011Revenue 2012: $28,770Expenses 2012: $28,429Net Income 2012: $3412012Revenue 2013: $27,810Expenses 2013: $27,442Net Income 2013: $3682013Revenue 2014: $27,562Expenses 2014: $26,948Net Income 2014: $6142014Revenue 2015: $21,107Expenses 2015: $20,231Net Income 2015: $8762015Revenue 2016: $28,123Expenses 2016: $27,157Net Income 2016: $9662016Revenue 2017: $42,899Expenses 2017: $41,934Net Income 2017: $9652017Revenue 2018: $33,052Expenses 2018: $32,094Net Income 2018: $9582018Revenue 2019: $27,303Expenses 2019: $26,801Net Income 2019: $5022019Revenue 2020: $29,690Expenses 2020: $29,355Net Income 2020: $3352020Revenue 2021: $24,044Expenses 2021: $24,974Net Income 2021: -$9302021Revenue 2022: $129,954Expenses 2022: $129,344Net Income 2022: $6102022Revenue 2023: $136,514Expenses 2023: $134,648Net Income 2023: $1,8662023Revenue 2024: $149,889Expenses 2024: $51,215Net Income 2024: $98,6742024Revenue 2025: $151,853Expenses 2025: $151,250Net Income 2025: $6032025

Highlighted filing

2025

Revenue$151,853
Expenses$151,250
Net Income$603
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$909,568
Liabilities
$124,444
Net assets
$785,124
Revenue
$151,853
Expenses
$151,250
Net income
$603
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.10$1.24$7.85$1.52$1.51$0.01
2024Detailed filing. Detailed filing data is available for this year.$8.57$0.73$7.85$1.50$0.51$0.99
2023Detailed filing. Detailed filing data is available for this year.$7.60$0.74$6.86$1.37$1.35$0.02
2022Detailed filing. Detailed filing data is available for this year.$7.87$1.03$6.84$1.30$1.29$0.01
2021Detailed filing. Detailed filing data is available for this year.$7.03$0.20$6.83$0.24$0.25$0.01
2020Detailed filing. Detailed filing data is available for this year.$7.28$0.44$6.84$0.30$0.29$0.00
2019Summary only. Only limited summary data is available for this year.$7.26$0.42$6.84$0.27$0.27$0.01
2018Summary only. Only limited summary data is available for this year.$7.24$0.41$6.83$0.33$0.32$0.01
2017Summary only. Only limited summary data is available for this year.$7.32$0.49$6.83$0.43$0.42$0.01
2016Summary only. Only limited summary data is available for this year.$7.11$0.29$6.82$0.28$0.27$0.01
2015Summary only. Only limited summary data is available for this year.$7.02$0.22$6.81$0.21$0.20$0.01
2014Summary only. Only limited summary data is available for this year.$7.05$0.26$6.80$0.28$0.27$0.01
2013Summary only. Only limited summary data is available for this year.$7.00$0.21$6.79$0.28$0.27$0.00
2012Summary only. Only limited summary data is available for this year.$6.79$0.01$6.79$0.29$0.28$0.00
2011Summary only. Only limited summary data is available for this year.$7.16$0.38$6.78$0.34$0.33$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 29, 2026
Return Version
2024v5.0
Gross Receipts
$154,369
Mission and Program Overview

Mission

Encourage regional economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$784,819$811,682▲ $26,863
Accounts Receivable$65,042$92,155▲ $27,113
Land, Buildings, and Equipment, Net$7,179$5,731▼ $1,448
Total Assets$857,040$909,568▲ $52,528
Liabilities
Other Liabilities$72,519$124,444▲ $51,925
Total Liabilities$72,519$124,444▲ $51,925
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$784,521$785,124▲ $603
Total Net Assets Fund Balance$784,521$785,124▲ $603
Total Liabilities and Net Assets / Fund Balance$857,040$909,568▲ $52,528

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,731$24,381$30,112
Compensation and Service Providers
Top Officer Pay96th percentile

Board Members and Trustees

NameTitle
Lisa SchwarzPresident
Annie SchindlerDirector
Brian MurpheyDirector
Daniel MccarthyDirector
Daniel WelchDirector
FRANK J O'CONNORDirector
Francisco SurilloDirector
James BarnesDirector
Kate KellyDirector
Martha TaylorDirector
Robert SnowDirector
Thomas AbisalihDirector
Jerrard WhittenCEO
Jenifer DunlapCFO
John PettisSecretary
Kathleen Bradley-colwellSecretary
Frederick TaintorTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Merrimack Valley Planiing CommissioProgram Mgt-$150,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$150,000
Investment Income
$0
Other Revenue
$1,853
Change in Net Assets
$603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$151,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$150,000--$150,000
Fees for Services Accounting-$1,250-$1,250
Total Functional Expenses$150,000$1,250$0$151,250
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$103,360
Deferred Revenue$21,084
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Officers review before filing”

Form 990, Page 6, Part VI, Line 12C

“If the governing body has reasonable cause to believe that a member has failed to disclose an actual or possible conflict of interest it will advise the member and the memeber has the opportunity to explain the allged failure to disclose. If the body determines that the member has failed to disclose an actual or possbile conflict of interest it will take appropriate disciplinary and corrective action which could include termination of membership.”

Form 990, Page 6, Part VI, Line 19

“Form 990 is avaialble upon request”

Filing and Contact Details

Filer

Filer Name
Merrimack Valley Economic
EIN
04-3210262
Phone
9783740519
Address
160 MAIN STREET, HAVERHILL, MA 01830-5000

Signing Officer

Name
Lisa Schwarz
Title
President
Phone
9783740519
Signed
2026-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Schwarz
Formed
1993
Legal Domicile
Ma
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Roland P Lambalot Pc
Address
184 PLEASANT VALLEY ST 205, METHUEN, MA 01844-5855
Preparer
Roland Lambalot
Phone
9786910050
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetAssetsOrFundBalancesEOYAmt0785124
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01853
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01853
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0784521
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0785124
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0PROGRAM MANGEMENT FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt0150000
IRS990/OtherExpensesGrp/TotalAmt0150000
IRS990/OtherLiabilitiesGrp/BOYAmt072519
IRS990/OtherLiabilitiesGrp/EOYAmt0124444
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LISA SCHWARZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0150000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0150000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt051215
IRS990/PYOtherRevenueAmt01729
IRS990/PYProgramServiceRevenueAmt0148160
IRS990/PYRevenuesLessExpensesAmt098674
IRS990/PYTotalExpensesAmt051215
IRS990/PYTotalRevenueAmt0149889
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0603
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt01853
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0150000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05731
IRS990ScheduleD/BuildingsGrp/DepreciationAmt024381
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt030112
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0103360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt121084
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05731
IRS990ScheduleD/TotalLiabilityAmt0124444
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0176003
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1154518
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt08122
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt118034
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JERRARD WHITTEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JENIFER DUNLAP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0184125
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1172552
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS REVIEW BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IF THE GOVERNING BODY HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST IT WILL ADVISE THE MEMBER AND THE MEMEBER HAS THE OPPORTUNITY TO EXPLAIN THE ALLGED FAILURE TO DISCLOSE. IF THE BODY DETERMINES THAT THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSBILE CONFLICT OF INTEREST IT WILL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WHICH COULD INCLUDE TERMINATION OF MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS AVAIALBLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0857040
IRS990/TotalAssetsEOYAmt0909568
IRS990/TotalAssetsGrp/BOYAmt0857040
IRS990/TotalAssetsGrp/EOYAmt0909568
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01250
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0150000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0151250
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt072519
IRS990/TotalLiabilitiesEOYAmt0124444
IRS990/TotalLiabilitiesGrp/BOYAmt072519
IRS990/TotalLiabilitiesGrp/EOYAmt0124444
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0784521
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0785124
IRS990/TotalOtherCompensationAmt026156
IRS990/TotalProgramServiceExpensesAmt0150000
IRS990/TotalProgramServiceRevenueAmt0150000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0151853
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0151853
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0857040
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0909568
IRS990/TotReportableCompRltdOrgAmt0330521
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt036 BARTLETT STREET
IRS990/USAddress/CityNm0ANDOVER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001810
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA SCHWARZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09783740519
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MERRIMACK VALLEY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MERR
ReturnHeader/Filer/EIN0043210262
ReturnHeader/Filer/PhoneNum09783740519
ReturnHeader/Filer/USAddress/AddressLine1Txt0160 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0HAVERHILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0018305000
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043233496
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROLAND P LAMBALOT PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0184 PLEASANT VALLEY ST 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0METHUEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0018445855
ReturnHeader/PreparerPersonGrp/PhoneNum09786910050
ReturnHeader/PreparerPersonGrp/PreparationDt02026-01-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROLAND LAMBALOT
ReturnHeader/ReturnTs02026-01-29T10:16:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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