2020-09-28T15:41:59-05:00 2020-03-31 460952065 BOUNTIFUL PEAK ADVISORS 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2019-04-01 870514438 MOUNTAINLANDS COMMUNITY HOUSING MOUN 4356479719 1960 SIDEWINDER DR STE 107 PARK CITY UT 840607448 SCOTT LOOMIS EX. DIRECTOR 4356479719 2020-09-19 true JUSTIN R SHAW CPA CFE CGMA P00081558 8012943155 2020-09-28 63.239.173.210 2020-09-28 15:41:59 CD P 22DEBE547C2C9140B30CAF5ABB876BAB092189A5 B20B0BD39DDBC4BDE398972FB822CFA728DFD702 2019 2021-01-29 14:40:06Z SCOTT LOOMIS 1960 SIDEWINDER DR SUITE 107 PARK CITY UT 840607448 5543265 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. 13 13 11 0 771612 2594105 1508498 1425212 28040 23948 27776 558033 2335926 4601298 73158 42478 0 824807 860326 0 18334 1548899 1533068 2446864 2435872 -110938 2165426 14745787 20227815 9630896 12947498 5114891 7280317 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 2201454 42478 1425212 ALTHOUGH THE COVID 19 PANDEMIC HIT HARD AT THE END OF MOUNTAINLANDS COMMUNITY HOUSING TRUST'S (MCHT) FISCAL YEAR ENDING MARCH 31, 2020 THE EFFECTS HAVE BEEN MINIMAL. OFFICE STAFF HAS BEEN WORKING FROM HOME SINCE MID-MARCH AND CONSTRUCTION ON ALL PROJECTS CONTINUES. ALL FUNDING CONTINUES AS BUDGETED. DURING THE FISCAL YEAR THE SELF HELP PROGRAM CONTINUED WITH SIGNIFICANT DELAYS CAUSED BY CHANGES IN USDA RURAL DEVELOPMENT'S APPRAISAL PROCUREMENT PROCEDURES. THE DELAYS CAUSED THE CLOSING OF SALES OF LOTS TO EIGHT SELF HELP PARTICIPANTS INTO APRIL WHICH PREVENTED THE FREEING UP OF CASH USED TO PURCHASE THESE LOTS BEFORE THE END OF 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 BEGAN ON THE INFRASTRUCTURE IMPROVEMENTS FOR PARKVIEW PLACE (49 LOTS) AND FRONTIER COTTAGES (21 LOTS) SUBDIVISIONS. CONSTRUCTION OF AFFORDABLE HOMES WILL START THIS SUMMER. CONSTRUCTION STARTED ON THE FIRST BUILDING CONSISTING OF 32 AFFORDABLE FOR-SALE CONDOMINIUMS AT CENTRAL VILLAGE CONDOMINIUMS IN SILVER CREEK VILLAGE. ANTICIPATED CONSTRUCTION LOANS FROM MOUNTAIN WEST BANK FOR TWO BUILDINGS WERE DELAYED THEN SCALED DOWN FOR ONE BUILDING CAUSING THE LOSS OF BUDGETED DEVELOPMENT FEES UNTIL COMPLETION AND SALE OF THE BUILDINGS. WITH THE OPENING OF THE PEACE HOUSE'S 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 MCHT'S DEPUTY DIRECTOR, STEVE LAURENT, LEFT EMPLOYMENT WHEN HIS WIFE ACCEPTED A JOB IN LOS ALAMOS, NEW MEXICO. HE WAS NOT REPLACED. SHANNON SAMPSON, AN ASSISTANT CONSTRUCTION SUPERVISOR ALSO ACCEPTED ANOTHER POSITION AND WAS NOT REPLACED. MIKEY BUTTERS, WHO WAS EMPLOYED ONE DAY PER WEEK AS MCHT'S IT ADMINISTRATOR, BECAME AN INDEPENDENT CONTRACTOR AND CONTINUES TO SERVE MCHT. MCHT CONTINUES AS A FINANCIALLY SOUND ORGANIZATION AND HAS SEVERAL YEARS OF AFFORDABLE HOUSING DEVELOPMENT IN ITS PIPELINE. MCHT'S STRENGTH IS ITS COMMITTED COMPETENT STAFF WHO CONTINUES TO FUNCTION AT A HIGH LEVEL DESPITE COVID 19 LIMITATIONS. 2201454 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 27 0 11 true false false false false false false false false false false false false X 13 13 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 EX. DIRECTOR 40.00 X 194634 0 10469 JEFF BRADSHAW TREASURER 1.00 X 0 0 0 GEORGE COBURN BOARD MEMBER 1.00 X 0 0 0 KIMBER GABRYSZAK BOARD MEMBER 1.00 X 0 0 0 MONIKA GUENDNER BOARD MEMBER 1.00 X 0 0 0 RYAN HOFFMAN SECRETARY 1.00 X 0 0 0 STEVE ISSOWITS VICE PRESIDE 1.00 X 0 0 0 THOMAS EDDINGTON JR BOARD MEMBER 1.00 X 0 0 0 JESSICA NORIE BOARD MEMBER 1.00 X 0 0 0 BOB RICHER PRESIDENT 1.00 X 0 0 0 MARY CHRISTA SMITH BOARD MEMBER 1.00 X 0 0 0 KATIE WILKING BOARD MEMBER 1.00 X 0 0 0 GUILLERMO ZELAYA BOARD MEMBER 1.00 X 0 0 0 194634 10469 1 false true false 433204 2160901 2000000 2594105 HOLIDAY VILLAGE RENT 846244 846244 MEADOWVIEW APARTMENTS RENT 198300 198300 MANAGEMENT FEES 146186 146186 OTHER INCOME 122697 122697 WASHINGTON MILL RENT 85326 85326 26459 26459 1425212 23948 23948 1500000 941967 558033 558033 4601298 1983245 23948 42478 42478 200473 155707 38927 5839 530362 415989 106444 7929 70060 54800 13940 1320 59431 46489 11822 1120 33807 21638 12169 22066 16486 5276 304 252797 239384 11625 1788 14351 8515 5802 34 234862 234862 345144 343492 1652 3046 3046 REPAIRS 204971 204971 MANAGEMENT FEES 125537 125537 REPAIRS 66806 66806 REPAIRS 61246 61246 168435 163054 5381 2435872 2201454 216084 18334 1021519 909137 678069 348325 846 1226 1215439 1309614 14056012 5548485 6694825 8507527 816499 816499 4318590 8335487 14745787 20227815 134279 121846 6226495 6193114 3270122 6632538 9630896 12947498 X 5114891 7280317 5114891 7280317 14745787 20227815 2165426 X false true X true false X 853272 915898 1147830 771612 594105 4282717 853272 915898 1147830 771612 594105 4282717 235720 4046997 31395 28532 31099 28040 23948 143014 4425731 7011401 0.91440 0.91860 X SUPPORTING SCHEDULE DONATION OF LAND FOR CENTRAL VALLEY CONDOS 2,000,000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5542076 5542076 8342809 5490622 2852187 150459 41359 109100 20668 16504 4164 8507527 DEVELOPMENTS IN PROGRESS 6513678 INVESTMENT IN LAND - SELF-HELP 1687134 HOLIDAY VILLAGE - OTHER ASSETS 65807 OTHER CURRENT ASSETS 55342 MEADOWVIEW OTHER ASSETS 13526 8335487 INVESTMENTS IN LAND LOANS 3676098 CONSTRUCTION LOANS 2461800 SELF-HELP PARTICIPANT RESTRICTED 289640 DEFERRED REVENUE - SELF-HELP SALES 115000 SHOP CONSTRUCTION LOANS 90000 6632538 4601298 4601298 4601298 2435872 2435872 2435872 false TRANSITIONAL HOUSING 6 42478 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. false false false false false false false false false SCOTT LOOMIS EX. DIRECTOR 177534 17100 10469 205103 X 1 2000000 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 HIT HARD AT THE END OF MOUNTAINLANDS COMMUNITY HOUSING TRUST'S (MCHT) FISCAL YEAR ENDING MARCH 31, 2020 THE EFFECTS HAVE BEEN MINIMAL. OFFICE STAFF HAS BEEN WORKING FROM HOME SINCE MID-MARCH AND CONSTRUCTION ON ALL PROJECTS CONTINUES. ALL FUNDING CONTINUES AS BUDGETED. DURING THE FISCAL YEAR THE SELF HELP PROGRAM CONTINUED WITH SIGNIFICANT DELAYS CAUSED BY CHANGES IN USDA RURAL DEVELOPMENT'S APPRAISAL PROCUREMENT PROCEDURES. THE DELAYS CAUSED THE CLOSING OF SALES OF LOTS TO EIGHT SELF HELP PARTICIPANTS INTO APRIL WHICH PREVENTED THE FREEING UP OF CASH USED TO PURCHASE THESE LOTS BEFORE THE END OF 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 BEGAN ON THE INFRASTRUCTURE IMPROVEMENTS FOR PARKVIEW PLACE (49 LOTS) AND FRONTIER COTTAGES (21 LOTS) SUBDIVISIONS. CONSTRUCTION OF AFFORDABLE HOMES WILL START THIS SUMMER. CONSTRUCTION STARTED ON THE FIRST BUILDING CONSISTING OF 32 AFFORDABLE FOR-SALE CONDOMINIUMS AT CENTRAL VILLAGE CONDOMINIUMS IN SILVER CREEK VILLAGE. ANTICIPATED CONSTRUCTION LOANS FROM MOUNTAIN WEST BANK FOR TWO BUILDINGS WERE DELAYED THEN SCALED DOWN FOR ONE BUILDING CAUSING THE LOSS OF BUDGETED DEVELOPMENT FEES UNTIL COMPLETION AND SALE OF THE BUILDINGS. WITH THE OPENING OF THE PEACE HOUSE'S 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 MCHT'S DEPUTY DIRECTOR, STEVE LAURENT, LEFT EMPLOYMENT WHEN HIS WIFE ACCEPTED A JOB IN LOS ALAMOS, NEW MEXICO. HE WAS NOT REPLACED. SHANNON SAMPSON, AN ASSISTANT CONSTRUCTION SUPERVISOR ALSO ACCEPTED ANOTHER POSITION AND WAS NOT REPLACED. MIKEY BUTTERS, WHO WAS EMPLOYED ONE DAY PER WEEK AS MCHT'S IT ADMINISTRATOR, BECAME AN INDEPENDENT CONTRACTOR AND CONTINUES TO SERVE MCHT. MCHT CONTINUES AS A FINANCIALLY SOUND ORGANIZATION AND HAS SEVERAL YEARS OF AFFORDABLE HOUSING DEVELOPMENT IN ITS PIPELINE. MCHT'S STRENGTH IS ITS COMMITTED COMPETENT STAFF WHO CONTINUES TO FUNCTION AT A HIGH LEVEL DESPITE COVID 19 LIMITATIONS. 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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