Mountain Housing Opportunities Inc
- Assets
- $46.6m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Asheville, NC
- Founding
- 02/1989
- Data as of
- 12/2023
- EIN
- 58-1816998
Organization Overview
Mountain Housing Opportunities Inc is located in Asheville, NC. The organization was established in 1989. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Mountain Housing Opportunities Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Housing Opportunities 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 12/2023, Mountain Housing Opportunities Inc generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. 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
TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS LIVING IN BUNCOMBE COUNTY AND THE SURROUNDING AREAS OF NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PROGRAMS FOR REHABILITATION, WEATHERIZATION, MAINTENANCE & OTHER IMPROVEMENTS TO HOUSEHOLDS OF LOW-INCOME, ELDERLY AND HANDICAPPED INDIVIDUALS. PROVIDED AFFORDABLE HOUSING TO LOW-INCOME RENTERS AND FIRST-TIME HOMEOWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles D Owen III Chair | OfficerTrustee | 0.4 | $0 |
Anthony Thomas Vice Chair | OfficerTrustee | 0.4 | $0 |
Treva Williams Secretary | OfficerTrustee | 0.4 | $0 |
Theresa Piwowar Treasurer | OfficerTrustee | 0.4 | $0 |
Greta Byrd Director | Trustee | 0.4 | $0 |
Lynn Cook Director | Trustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyden Construction Contractor | 12/30/23 | $327,291 |
Tp Howard Plumbing Co Inc Contractor | 12/30/23 | $133,076 |
Houser Construction Contractor | 12/30/23 | $120,980 |
Sjr Dba Kitchens Unlimited Contractor | 12/30/23 | $128,214 |
Turn-key Foundations Inc Contractor | 12/30/23 | $116,759 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,495 |
| Related organizations | $0 |
| Government grants | $1,053,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $655,883 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,850,838 |
| Total Program Service Revenue | $1,915,993 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $646,455 |
| Net Income from Fundraising Events | -$37,566 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,514,497 |
| 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. | $240,906 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,139,384 |
| Pension plan accruals and contributions | $44,066 |
| Other employee benefits | $247,180 |
| Payroll taxes | $120,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,981 |
| Fees for services: Accounting | $56,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,139 |
| Advertising and promotion | $0 |
| Office expenses | $97,072 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $262,869 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $600,516 |
| Insurance | $63,828 |
| All other expenses | $32,614 |
| Total functional expenses | $4,271,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,308,274 |
| Savings and temporary cash investments | $4,080,804 |
| Pledges and grants receivable | $139,912 |
| Accounts receivable, net | $350,569 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,096,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $817 |
| Intangible assets | $22,771 |
| Other assets | $9,625,822 |
| Total assets | $46,625,605 |
| Accounts payable and accrued expenses | $502,453 |
| Grants payable | $0 |
| Deferred revenue | $129,522 |
| 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 | $19,105,490 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $174,991 |
| Total liabilities | $19,912,456 |
| Net assets without donor restrictions | $20,106,156 |
| Net assets with donor restrictions | $6,606,993 |
| 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 | $46,625,605 |