According to the by-laws of the Penacook Village Association, PVA is managed by a Board of Directors. The Board consists of not less than five (5) or more than nine (9) directors who serve terms of two (2) years in duration. Officers are elected annually by the Board of Directors.

At the July 11, 2009, meeting the following board members and officers were selected:

Kathy Bush - President

Ralph Harwood - Vice President

Lynne Raleigh - Secretary

Teri Maxwell - Treasurer

Mike Cotton

Terri Culjat

Phil Latvis

Steve Shurtleff

Brent Todd