2021-11-12T16:08:38-06:00 2021-03-31 460952065 BOUNTIFUL PEAK ADVISORS 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2020-04-01 870514438 MOUNTAINLANDS COMMUNITY HOUSING MOUN 4356479719 1960 SIDEWINDER DR STE 107 PARK CITY UT 840607448 PAT MATHESON EXECUTIVE DIRECTOR 4356479719 2021-11-02 true PAT MATHESON XXX-XX-XXXX JUSTIN R SHAW CPA CFE CGMA P00081558 8012943155 2021-11-10 2020 2022-09-23 18:48:47Z SCOTT LOOMIS 1960 SIDEWINDER DR SUITE 107 PARK CITY UT 840607448 10345487 false X HTTP://WWW.HOUSINGHELP.ORG X 1993 UT 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. 14 14 14 0 2594105 2604534 1425212 1386171 23948 20782 558033 -504220 4601298 3507267 42478 31698 0 860326 958510 0 22375 1533068 1505800 2435872 2496008 2165426 1011259 20227815 24014718 12947498 15723142 7280317 8291576 X 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. false false 2264824 31698 1386171 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. 2264824 true true false false false false false false false false true false false true true false false true false false false false false false false false false false true true false false false false false false false false true false false false true true false false false true 13 0 14 true false false false false false false false false false false false false X 14 14 false true false false false false false true true false false true true true true true true true true false UT X X X LAURA ELTON 4356479719 1960 SIDEWINDER DR 107 PARK CITY UT 840607448 SCOTT LOOMIS EXECUTIVE DI 40.00 X 199980 0 10196 BRIAN BALLS BOARD MEMBER 0.25 X 0 0 0 JEFF BRADSHAW TREASURER 0.25 X 0 0 0 GEORGE COBURN BOARD MEMBER 0.25 X 0 0 0 KIMBER GABRYSZAK BOARD MEMBER 0.25 X 0 0 0 MONIKA GUENDNER BOARD MEMBER 0.25 X 0 0 0 JAIR HERNANDEZ BOARD MEMBER 0.25 X 0 0 0 RYAN HOFFMAN SECRETARY 0.25 X 0 0 0 STEVE ISSOWITS VICE PRESIDE 0.25 X 0 0 0 THOMAS EDDINGTON JR BOARD MEMBER 0.25 X 0 0 0 JESSICA NORIE BOARD MEMBER 0.25 X 0 0 0 BOB RICHER PRESIDENT 0.25 X 0 0 0 MARY CHRISTA SMITH BOARD MEMBER 0.25 X 0 0 0 KATIE WILKING BOARD MEMBER 0.25 X 0 0 0 GUILLERMO ZELAYA BOARD MEMBER 0.25 X 0 0 0 PAT MATHESON EXECUTIVE DI 40.00 X 0 0 0 199980 10196 1 false true false 522319 2082215 1865000 2604534 HOLIDAY VILLAGE RENT 848249 848249 MEADOWVIEW APARTMENTS RENT 194625 194625 MANAGEMENT FEES 183829 183829 WASHINGTON MILL RENT 86870 86870 OTHER INCOME 49584 49584 23014 23014 1386171 20782 20782 6334000 6838220 -504220 -504220 3507267 881951 20782 3000 3000 28698 28698 199279 149734 44494 5051 617227 510423 94802 12002 31451 24736 5788 927 43840 36138 7057 645 66713 53939 11381 1393 3456 3456 28400 16250 12150 23138 17512 5345 281 283847 263010 18767 2070 2605 2447 152 6 235437 235437 352725 351073 1652 3245 3245 REPAIRS 169624 169624 MANAGEMENT FEES 127587 127587 REPAIRS 69418 69418 REPAIRS 63364 63364 142954 138978 3976 2496008 2264824 208809 22375 909137 1240773 348325 601038 1226 474 1309614 1494686 12097928 5884950 8507527 6212978 816499 816499 8335487 13648270 20227815 24014718 121846 183340 6193114 6504729 6632538 9035073 12947498 15723142 X 7280317 8291576 7280317 8291576 20227815 24014718 1011259 X false true X true false X 915898 1147830 771612 594105 739534 4168979 915898 1147830 771612 594105 739534 4168979 220694 3948285 28532 31099 28040 23948 20782 132401 4301380 14731572 0.91790 0.91440 X SUPPORTING SCHEDULE DONATION OF LAND FOR CENTRAL VILLAGE APARTMENTS 1,865,000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3542076 3542076 8404925 5812715 2592210 130259 54080 76179 20668 18155 2513 6212978 DEVELOPMENTS IN PROGRESS 11960009 INVESTMENT IN LAND - SELF-HELP 1595263 HOLIDAY VILLAGE - OTHER ASSETS 67974 MEADOWVIEW OTHER ASSETS 16400 OTHER CURRENT ASSETS 8624 13648270 INVESTMENTS IN LAND LOANS 5243142 CONSTRUCTION LOANS 3011720 SELF-HELP PARTICIPANT RESTRICTED 554211 SHOP CONSTRUCTION LOANS 150000 DEFERRED REVENUE - SELF-HELP SALES 76000 9035073 3507267 3507267 3507267 2496008 2496008 2496008 false TRANSITIONAL HOUSING 6 28698 SCHEDULE I, PAGE 1, PART I, LINE 2 TRANSITIONAL HOUSING GRANT FUNDING IS NOT PASSED THROUGH BUT IS USED FOR RENT AND UTILITIES FOR HOUSING UNITS, FOR CASE MANAGEMENT, AND FOR ADMINISTRATION ACCORDING TO ANY REQUIREMENTS OF THE GRANTS TO MCHA. TENANT/CLIENT ELIGIBILITY WAS AS PER HUD REQUIREMENTS; SIMILAR REQUIREMENTS HAVE BEEN MAINTAINED AFTER HUD GRANT ENDED. X false false false false false false false false false SCOTT LOOMIS EXECUTIVE DIRECTOR 179680 20300 10196 210176 X 1 1865000 FAIR MARKET VALUE false false false SCHEDULE M, PAGE 2, PART II REPORTING NUMBER OF ITEMS CONTRIBUTED. FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 2, PART III, 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. FORM 990, PAGE 6, PART VI, LINE 3 THE MANAGEMENT OF DAILY OPERATIONS RELATED TO THE MEADOWVIEW APARTMENTS AND WASHINGTON MILL APARTMENTS HAS BEEN DELEGATED TO A MANAGEMENT COMPANY (SELLERS GROUP). FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW AND COMMENT PRIOR TO FILING. IN ADDITION, MANAGEMENT REVIEWS THE 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION FOLLOWS THE POLICIES OF THE UTAH NONPROFIT ASSOCIATION CODE OF ETHICS. ONE CODE SPECIFICALLY RELATES TO CONFLICTS OF INTEREST. ALL EMPLOYEES AND BOARD MEMBERS ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY, WHICH REQUIRES THAT ALL ACTUAL, POTENTIAL, OR PERCEIVED CONFLICTS OF INTEREST BE DISCLOSED. THE POLICY REQUIRES THAT BOARD MEMBERS AND STAFF ACT IN THE BEST INTERESTS OF THE ORGANIZATION RATHER THAN ON THE BASIS OF PERSONAL INTERESTS OR THE INTERESTS OF THIRD PARTIES. THE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR REVIEWS EACH ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST. THEY WILL DETERMINE WHAT SPECIFIC ACTION IS REQUIRED TO ENSURE THE BEST INTERESTS OF THE ORGANIZATION. IN ADDITION, EACH YEAR THE ORGANIZATION AFFIRMS COMPLIANCE WITH THIS POLICY IN A SIGNED DOCUMENT TO THE UTAH NONPROFIT ASSOCIATION. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OTHER EMPLOYEES IS APPROVED BY THE BOARD EACH YEAR WHEN THE BUDGET IS APPROVED. ALL SALARIES AND RAISES ARE GIVEN TO THE BOARD AS PART OF THE BUDGET AND THE ENTIRE BUDGET IS APPROVED BY THE BOARD AFTER DISCUSSION. SALARY COMPARISONS ARE SHARED WITH FOUR OTHER NON-PROFIT ENTITIES IN UTAH IN THE AFFORDABLE HOUSING BUSINESS. THIS DATA IS USED AS A COMPARISON WHEN ESTABLISHING SALARIES. THE BOARD DOCUMENTS APPROVAL OF ALL PAY RATE CHANGES AND MERIT AWARDS. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTOR REVIEWS AND APPROVES COMPENSATION OF OTHER KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. 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