Mountain View Housing Inc
- Assets
- $4.2m
- Revenue
- $802.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Canton, NC
- Founding
- 11/1982
- Data as of
- 08/2023
- EIN
- 56-1216683
Organization Overview
Mountain View Housing Inc is located in Canton, NC. The organization was established in 1982. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 08/2023, Mountain View Housing Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain View Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Mountain View Housing Inc generated $802.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $790.7k during the year ending 08/2023. While expenses have increased by 5.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING FOR LOW INCOME, ELDERLY OR DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING TO 56 LOW INCOME FAMILIES AND 52 LOW INCOME ELDERLY AND DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dedee Hall Treasurer | OfficerTrustee | $0 | |
Alice Lowry Vice Preside | OfficerTrustee | $0 | |
Wallace Mcadams President | OfficerTrustee | $0 | |
Joseph Sellers Assistant Se | OfficerTrustee | $0 | |
Rosa Williams Secretary | OfficerTrustee | $0 | |
Wendy Duckett Housing Dire | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $423,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $67,866 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,340 |
| Total Program Service Revenue | $390,662 |
| Investment income | $205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,710 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $802,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,701 |
| Pension plan accruals and contributions | $4,113 |
| Other employee benefits | $37,335 |
| Payroll taxes | $11,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $532 |
| Fees for services: Accounting | $21,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,785 |
| Office expenses | $23,428 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,187 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $116,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,694 |
| Insurance | $65,433 |
| All other expenses | $10,791 |
| Total functional expenses | $790,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,181 |
| Savings and temporary cash investments | $747,602 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,377,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,235,904 |
| Accounts payable and accrued expenses | $21,885 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,101,275 |
| Total liabilities | $3,123,160 |
| Net assets without donor restrictions | $1,112,744 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,235,904 |