Mountainlands Community Housing is located in Park City, UT. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 03/2022, Mountainlands Community Housing employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountainlands Community Housing 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 03/2022, Mountainlands Community Housing generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.6m during the year ending 03/2022. While expenses have increased by 10.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MOUNTAINLANDS COMMUNITY HOUSING ASSOCIATION'S (MCHA) PURPOSE IS BASED ON THE BELIEF THAT A SAFE AFFORDABLE HOME IS OFTEN A FAMILYS FIRST STEP TOWARD ECONOMIC SELF-SUFFICIENCY. MCHA ADDRESSES THE DUAL PROBLEMS OF HOUSING AFFORDABILITY AND AVAILABILITY ON THREE FRONTS: ACQUISITION AND NEW CONSTRUCTION OF AFFORDABLE HOUSING, DIRECT ASSISTANCE IN SECURING HOUSING AND NEEDED BASIC SERVICES, AND EDUCATION AND ADVOCACY TO PROMOTE HOUSING POLICY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTHOUGH THE COVID-19 PANDEMIC PERSISTED DURING THE ENTIRE PERIOD OF MOUNTAINLANDS COMMUNITY HOUSING TRUSTS (MCHT) FISCAL YEAR ENDING MARCH 31, 2021 THE EFFECTS ON OPERATIONS HAVE BEEN MINIMAL. OFFICE STAFF HAS BEEN WORKING FROM HOME SINCE MID-MARCH 2020 AND CONSTRUCTION ON ALL PROJECTS CONTINUES. ALL OPERATIONAL FUNDING CONTINUES AS BUDGETED, ALTHOUGH CONSTRUCTION PROJECTS HAVE BEEN IMPACTED BY INCREASED MATERIAL COSTS AND PRODUCTION DELAYS DUE TO THE PANDEMIC. DURING THE FISCAL YEAR THE SELF HELP PROGRAM CONTINUED WITH SIGNIFICANT DELAYS CAUSED BY CHANGES IN USDA RURAL DEVELOPMENTS APPRAISAL PROCUREMENT PROCEDURES, RECORD INCREASES IN THE COST OF CONSTRUCTION MATERIALS AND DELAYS IN SUBCONTRACTORS DELIVERY OF SERVICE AND MATERIALS. CONSTRUCTION ON 18 HOMES IN SILVER CREEK VILLAGE SUBDIVISION CONTINUED THROUGHOUT THE YEAR AND 9 NEW HOMES WERE STARTED IN FRONTIER COTTAGES SUBDIVISION, A 21-LOT SUBDIVISION IN FRANCIS THAT WAS COMPLETED DURING THE FISCAL YEAR. MCHT CONTINUED TO RECEIVE SUBSTANTIAL GAINS ON THE SALE FROM THE SALE OF THESE LOTS DURING THE FISCAL YEAR. DURING THE FISCAL YEAR, CONSTRUCTION WAS COMPLETED ON THE INFRASTRUCTURE IMPROVEMENTS FOR PARKVIEW PLACE SUBDIVISION (49 LOTS) IN HEBER. CONSTRUCTION OF AFFORDABLE HOMES WILL START NEXT MONTH. CONSTRUCTION WAS COMPLETED ON THE FIRST BUILDING CONSISTING OF 32 AFFORDABLE FOR-SALE CONDOMINIUMS AT CENTRAL VILLAGE CONDOMINIUMS IN SILVER CREEK VILLAGE AND THE SECOND BUILDING CONSISTING OF 32 CONDOMINIUMS WAS COMMENCED. ALL BUT ONE OF THE FIRST 32 HOMES WERE SOLD DURING THE FISCAL YEAR. THE SECOND BUILDING IS LARGELY PRESOLD AND SHOULD BE COMPLETED MID- SUMMER. CONSTRUCTION STARTED ON CENTRAL VILLAGE APARTMENTS IN SILVER CREEK VILLAGE. THIS 40 UNIT APARTMENT PROJECT WILL BE COMPLETED IN EARLY 2022. WITH THE OPENING OF THE PEACE HOUSES TRANSITIONAL HOUSING, MCHT HAS SCALED DOWN ITS PROGRAM TO ONLY TWO APARTMENTS AND CONTINUES TO RECEIVE LOCAL SUPPORT FOR THIS PROGRAM. DURING THE FISCAL YEAR MCHTS FORMER DEPUTY DIRECTOR, STEVE LAURENT RETURNED ON A FULL-TIME BASIS. GUY MECHAM, MCHTS LONG TIME CONSTRUCTION SUPERVISOR RETIRED IN DECEMBER AND WAS REPLACED BY PRESTON SESSIONS, A LONG-TIME ASSISTANT TO GUY. SCOTT LOOMIS ANNOUNCED HIS RETIREMENT EFFECTIVE APRIL 30, 2021, AND THE BOARD OF TRUSTEES NAMED PAT MATHESON AS HIS SUCCESSOR. SCOTT LOOMIS WILL REMAIN AS A SENIOR CONSULTANT UNTIL DECEMBER 31, 2022. MCHT CONTINUES AS A FINANCIALLY SOUND ORGANIZATION AND HAS SEVERAL YEARS OF AFFORDABLE HOUSING DEVELOPMENT IN ITS PIPELINE. MCHTS STRENGTH IS ITS COMMITTED COMPETENT STAFF WHO CONTINUES TO FUNCTION AT A HIGH LEVEL DESPITE COVID 19 LIMITATIONS AND A SMOOTH TRANSITION OF ITS MANAGEMENT TEAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Pat Matheson Executive Di | Officer | 40 | $113,177 |
Jeff Bradshaw Treasurer | OfficerTrustee | 0.25 | $0 |
Ryan Hoffman Secretary | OfficerTrustee | 0.25 | $0 |
Bob Richer President | OfficerTrustee | 2 | $0 |
Mary Christa Smith Vice Preside | OfficerTrustee | 0.25 | $0 |
Brian Balls Board Member | Trustee | 0.25 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $517,219 |
All other contributions, gifts, grants, and similar amounts not included above | $160,612 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $677,831 |
Total Program Service Revenue | $1,873,681 |
Investment income | $17,540 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$90,350 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,478,702 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
Grants and other assistance to domestic individuals. | $25,682 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $120,000 |
Compensation of current officers, directors, key employees. | $24,120 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $660,543 |
Pension plan accruals and contributions | $41,723 |
Other employee benefits | $69,009 |
Payroll taxes | $67,849 |
Fees for services: Management | $0 |
Fees for services: Legal | $12,037 |
Fees for services: Accounting | $32,891 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $20,156 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $292,802 |
Travel | $7,100 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $233,171 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $348,145 |
Insurance | $4,948 |
All other expenses | $139,151 |
Total functional expenses | $2,559,189 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,768,704 |
Savings and temporary cash investments | $980,605 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,238 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,465,248 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $5,840,001 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $816,499 |
Intangible assets | $0 |
Other assets | $17,056,986 |
Total assets | $27,933,281 |
Accounts payable and accrued expenses | $234,873 |
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 | $6,178,785 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $13,308,534 |
Total liabilities | $19,722,192 |
Net assets without donor restrictions | $8,211,089 |
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 | $27,933,281 |
Over the last fiscal year, we have identified 5 grants that Mountainlands Community Housing has recieved totaling $28,786.
Awarding Organization | Amount |
---|---|
Park City Community Foundation Park City, UT PURPOSE: HOUSING, SHELTER | $8,350 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $6,936 |
Park City Board Of Realtors Philanthropic Foundation Park City, UT PURPOSE: GENERAL | $5,500 |
Promontory Foundation Park City, UT PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Ssir Cares Inc Park City, UT PURPOSE: PROVIDE AFFORDABLE HOUSING | $3,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Housing Company Boise, ID | $54,365,926 | $13,345,868 |
Lake Mead Christian Ministries Henderson, NV | $10,080,445 | $5,975,624 |
Sunrise Childrens Foundation Las Vegas, NV | $7,660,611 | $10,104,124 |
Clark County Public Education Foundation Inc Las Vegas, NV | $20,645,889 | $7,373,983 |
Coloradans For Responsible Energy Development Denver, CO | $1,966,473 | $10,490,943 |
Mercy Housing West Denver, CO | $50,068,396 | $10,621,235 |
National Endowment For Financial Education Denver, CO | $147,623,294 | $20,278,344 |
Comite De Bienestar Inc San Luis, AZ | $20,869,855 | $8,413,833 |
Encompass Health Services Incorporated Page, AZ | $5,896,055 | $7,419,352 |
Foundation For Human Enrichment Boulder, CO | $2,136,031 | $6,488,399 |
Colorado Chautauqua Association Boulder, CO | $13,715,907 | $9,331,518 |
U S A Shooting Colorado Springs, CO | $5,222,065 | $5,626,398 |