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 work towards greater equity and diversity within 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.”
