2019-08-23T16:25:07-05:00 2019-03-31 460952065 SHAW & CO PC 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2018-04-01 870514438 MOUNTAINLANDS COMMUNITY HOUSING ASSOCIATION MOUN 4356479719 1960 SIDWINDER DR STE 107 PARK CITY UT 840607448 SCOTT LOOMIS EX. DIRECTOR 4356479719 2019-08-14 true JUSTIN R SHAW CPA CFE CGMA P00081558 8012943155 2019-08-23 50.243.4.137 2019-08-23 16:25:07 CD P DC766EFF0316B99DD5F3EEDA85EA3836CE7242B9 A9180805B3A0B41B76A72B7B01C1EC9141C3BAA5 2018 2019-02-21 02:37:17Z SCOTT LOOMIS 1960 SIDEWINDER DR SUITE 107 PARK CITY UT 840607448 3186505 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. 12 12 12 0 1147830 771612 1123360 1508498 31099 28040 6846 27776 2309135 2335926 82527 73158 0 845935 824807 0 20328 1036868 1548899 1965330 2446864 343805 -110938 13905476 14745787 8679647 9630896 5225829 5114891 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 2212195 73158 1508498 SEE SCHEDULE O DURING THE FISCAL YEAR ENDING MARCH 31, 2019 MOUNTAINLANDS COMMUNITY HOUSING TRUST (MCHT) COMPLETED EIGHT SELF HELP HOMES IN FRANCIS BRING THE TOTAL TO 209 HOMES COMPLETED UNDER VARIOUS PROGRAMS SINCE 2002. SEVEN MORE SELF HELP HOMES WERE STARTED DURING THE FISCAL YEAR. MCHT RECEIVED THE ENTITLEMENT FOR CONSTRUCTION OF 49 AFFORDABLE SINGLE FAMILY HOMES AND TOWNHOUSES FOR "ESSENTIAL WORKERS" IN WASATCH COUNTY. INFRASTRUCTURE IMPROVEMENTS HAVE STARTED. DURING THE FISCAL YEAR, SHOP FUNDS TOTALING 121,500 WERE FORGIVEN BY HOUSING ASSISTANCE COUNCIL AS A RESULT OF COMPLETING SELF HELP HOMES WITH QUALIFIED BUYERS. MCHT OBTAINED APPROVALS FOR 64 APARTMENTS THAT WILL NOW BE FOR SALE CONDOMINIUMS IN THE NEW SILVER CREEK VILLAGE DEVELOPMENT. CONSTRUCTION WILL START THIS MONTH. MCHT HAD TWO NEW HIRES, DANIELA LO FEUDO TO OVERSEE THE TRANSITIONAL HOUSING PROGRAM, CROWN PROGRAM AND WRITING GRANTS. MICHAEL BUTTERS FOR WEBSITE DEVELOPMENT AND IT ADMINISTRATOR ONE DAY PER WEEK. AT YEAR END, MCHT REMAINED IN A STRONG FINANCIAL POSITON WITH OVER 1,152,769 IN UNRESTRICTED CASH AND OVER 562,000 IN FUNDS ADVANCED FOR FUTURE DEVELOPMENTS. 2212195 true true false false false false false false false false true false true 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 false false false false true true false false false true 31 0 12 true false false false false false false false false false false false false X 12 12 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 BOB RICHER PRESIDENT 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 ANNETTE SNEED VICE PRESIDE 1.00 X 0 0 0 JEFF BRADSHAW TREASURER 1.00 X 0 0 0 STEVE ISSOWITS BOARD MEMBER 1.00 X 0 0 0 THOMAS EDDINGTON JR BOARD MEMBER 1.00 X 0 0 0 KIMBER GABRYSZAK BOARD MEMBER 1.00 X 0 0 0 GEORGE COBURN BOARD MEMBER 1.00 X 0 0 0 MARY CHRISTA SMITH BOARD MEMBER 1.00 X 0 0 0 SOLANA ASTORGA BOARD MEMBER 1.00 X 0 0 0 JOSH HOBSON BOARD MEMBER 1.00 X 0 0 0 SCOTT LOOMIS EX. DIRECTOR 40.00 X 179836 0 10057 179836 10057 1 false true false 536204 235408 226 771612 HOLIDAY VILLAGE RENT 853325 853325 MEADOWVIEW APARTMENTS RENT 195089 195089 DEVELOPMENT FEES 184915 184915 MANAGEMENT FEES 168271 168271 WASHINGTON MILL RENT 82558 82558 24340 24340 1508498 28040 28040 878355 850579 27776 27776 2335926 1536274 28040 2000 2000 71158 71158 182100 140217 36420 5463 516402 404787 101775 9840 65543 51140 12967 1436 60762 47410 12021 1331 24851 23256 1382 213 31689 15356 16095 238 274185 260890 11615 1680 12671 7137 5489 45 238014 238014 316809 315157 1652 4551 4551 REPAIRS 215356 215356 MANAGEMENT FEES 116945 116945 REPAIRS 88948 88948 SALARIES 61746 61746 163134 152678 10374 82 2446864 2212195 214341 20328 1096628 1021519 1377113 678069 40315 846 1347431 1215439 11898167 5203342 6908690 6694825 816499 816499 2318800 4318590 13905476 14745787 120396 134279 6356492 6226495 2202759 3270122 8679647 9630896 X 5225829 5114891 5225829 5114891 13905476 14745787 -110938 X false true X true false X 1003026 853272 915898 1147830 771612 4691638 1003026 853272 915898 1147830 771612 4691638 228223 4463415 48271 31395 28532 31099 28040 167337 4858975 4410103 0.91860 0.92410 X 3542076 3542076 8305064 5171018 3134046 30359 17472 12887 20668 14852 5816 6694825 INVESTMENT IN SUBSIDIARIES 816499 816499 DEVELOPMENTS IN PROGRESS 2371644 INVESTMENT IN LAND - SELF-HELP 1855927 HOLIDAY VILLAGE - OTHER ASSETS 63053 OTHER CURRENT ASSETS 16072 MEADOWVIEW OTHER ASSETS 11894 4318590 INVESTMENTS IN LAND LOANS 2912173 SELF-HELP PARTICIPANT RESTRICTED 188949 DEFERRED REVENUE - SELF-HELP SALES 115000 SHOP CONSTRUCTION LOANS 54000 3270122 2335926 2335926 2335926 2446864 2446864 2446864 false TRANSITIONAL HOUSING 10 71158 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 X X false false false false false false false false false SCOTT LOOMIS EX. DIRECTOR 165000 14836 10057 189893 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 SEE SCHEDULE O DURING THE FISCAL YEAR ENDING MARCH 31, 2019 MOUNTAINLANDS COMMUNITY HOUSING TRUST (MCHT) COMPLETED EIGHT SELF HELP HOMES IN FRANCIS BRING THE TOTAL TO 209 HOMES COMPLETED UNDER VARIOUS PROGRAMS SINCE 2002. SEVEN MORE SELF HELP HOMES WERE STARTED DURING THE FISCAL YEAR. MCHT RECEIVED THE ENTITLEMENT FOR CONSTRUCTION OF 49 AFFORDABLE SINGLE FAMILY HOMES AND TOWNHOUSES FOR "ESSENTIAL WORKERS" IN WASATCH COUNTY. INFRASTRUCTURE IMPROVEMENTS HAVE STARTED. DURING THE FISCAL YEAR, SHOP FUNDS TOTALING 121,500 WERE FORGIVEN BY HOUSING ASSISTANCE COUNCIL AS A RESULT OF COMPLETING SELF HELP HOMES WITH QUALIFIED BUYERS. MCHT OBTAINED APPROVALS FOR 64 APARTMENTS THAT WILL NOW BE FOR SALE CONDOMINIUMS IN THE NEW SILVER CREEK VILLAGE DEVELOPMENT. CONSTRUCTION WILL START THIS MONTH. MCHT HAD TWO NEW HIRES, DANIELA LO FEUDO TO OVERSEE THE TRANSITIONAL HOUSING PROGRAM, CROWN PROGRAM AND WRITING GRANTS. MICHAEL BUTTERS FOR WEBSITE DEVELOPMENT AND IT ADMINISTRATOR ONE DAY PER WEEK. AT YEAR END, MCHT REMAINED IN A STRONG FINANCIAL POSITON WITH OVER 1,152,769 IN UNRESTRICTED CASH AND OVER 562,000 IN FUNDS ADVANCED FOR FUTURE DEVELOPMENTS. 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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