Financial
FINANCIALS
Building on our strong foundation, we are reshaping our efforts to meet the changing need across California. As we grow our core work, Merritt maintains a strong financial position and continues to fund programs through our Commitment to California initiative to support the affordable housing industry.
“Merritt has developed strong partnerships over our 35-year history, which endured during a difficult 2023 for our banking partners. Through our strong relationships we were still able to continue our investments, build affordable homes for Californians, and continue our history year-over-year increase in net assets. With Merritt’s long history of collaboration and forward thinking, Merritt continues to maintain a strong balance sheet that ensures our organizational sustainability and continued impact in the state.”
