2017-09-05T07:42:22-06:00 2017-03-31 460952065 SHAW & CO PC 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2016-04-01 870514438 MOUNTAINLANDS COMMUNITY HOUSING ASSOCIATION MOUN 4356479719 1960 SIDWINDER DR STE 107 PARK CITY UT 840607448 SCOTT LOOMIS EX. DIRECTOR 4356479719 2017-08-28 true JUSTIN R SHAW CPA CFE CGMA P00081558 8012943155 2017-09-05 27B959B6E57BD0EFF7EA62E13F272D78F879BC9D 27B959B6E57BD0EFF7EA62E13F272D78F879BC9D 2016 2021-01-29 14:40:06Z SCOTT LOOMIS 1960 SIDEWINDER DR SUITE 107 PARK CITY UT 840607448 3044423 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. 11 11 12 0 853272 915898 610355 692275 31395 36164 82056 125334 1577078 1769671 118080 90399 0 734200 784552 0 26005 401411 431271 1253691 1306222 323387 463449 7377456 7748193 2958881 2866169 4418575 4882024 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 1134226 90399 692275 SEE SCHEDULE O DURING THE FISCAL YEAR ENDING MARCH 31, 2017, MOUNTAINLANDS COMMUNITY HOUSING TRUST (MCHT) COMPLETED 11 SELF HELP HOMES IN FRANCIS BRINGING THE TOTAL OF SELF HELP HOMES COMPLETED SINCE 2002 TO 192. THESE HOMES WERE COMPLETED UNDER MCHT'S SELF HELP PROGRAM WITH A USDA RURAL DEVELOPMENT GRANT. NINE MORE HOMES WERE UNDER CONSTRUCTION AT YEAR-END, AND LOTS HAVE BEEN ACQUIRED FOR THE NEXT GROUP. THE LOAN FUNDING FROM GE CAPIAL (NOW SYNCHRONY BANK) FOR ACQUISITION OF LOTS FOR SELF HELP HOMES WAS PAID OFF IN FULL IN APRIL. MCHT COMPLETED CONSTRUCTION AND RENT-UP OF ITS RICHER PLACE APARTMENTS 28 UNIT PROJECT IN KIMBALL JUNCTION. MCHT'S SUMMIT COUNTY CONTRACT OF 50,000 WAS RENEWED AND THE SERVICE AGREEMENT WITH PARK CITY MUNICIPAL CORPORATION WAS RENEWED AT 20,000 PER YEAR. ADDITIONALLY, MCHT ENTERED INTO A SIMILAR CONTRACT WITH WASATCH COUNTY. TWO TRANSITIONAL HOUSING GRANTS WITH HUD CONCLUDED IN FY2017 AND WERE NOT RENEWED. HOWEVER, MCHT CONTINUED THIS PROGRAM WITH SIX UNITS (PREVIOUSLY ELEVEN), SUCCESSFULLY RAISING FUNDING WITHOUT FEDERAL GRANTS. MCHT HAS BUILT OPERATING RESERVES AND RESERVES FOR DEVELOPMENT TO THE POINT WHERE LINES OF CREDIT RARELY NEED TO BE UTILIZED. MCHT CURRENTLY IS IN A STRONG CASH POSITION WITH ALMOST 1,315,000 OF UNRESTRICTED FUNDS AVAILABLE IN SUPPORT OF A CONTINUING BALANCED BUDGET AND PRODUCTIVE DEVELOPMENT EFFORTS. MCHT INCREASED STAFF IN APRIL 2016 BY HIRING STEVE LAURENT, A LAWYER BY TRAINING AND EXPERIENCE, TO ASSIST IN ALL AREAS. MCHT EXPANDED ITS OFFICE SPACE TO ACCOMODATE. 1134226 true true false false false false false false false false true false false false 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 45 0 12 true false false false false false false false false false false X 11 11 false true false false false false false true true false false true true true true true true true true false UT X X X BRUCE CRANE 4356479719 1960 SIDEWINDER DR 107 PARK CITY UT 840607448 BOB RICHER PRESIDENT X 0 0 0 MONIKA GUENDNER VICE PRESIDE X 0 0 0 RYAN HOFFMAN TREASURER X 0 0 0 ANNETTE SNEED SECRETARY X 0 0 0 JEFF BRADSHAW BOARD MEMBER X 0 0 0 ALEXIS BROWN BOARD MEMBER X 0 0 0 STEVE ISSOWITS BOARD MEMBER X 0 0 0 ERIN O'KEEFE BOARD MEMBER X 0 0 0 THOMAS EDDINGTON JR BOARD MEMBER X 0 0 0 KIMBER GABRYSZAK BOARD MEMBER X 0 0 0 GEORGE COBURN BOARD MEMBER X 0 0 0 SCOTT LOOMIS EX. DIRECTOR 40.00 X 172800 0 9165 172800 9165 1 false true false 657654 258244 387 915898 DEVELOPMENT FEES 212291 212291 MEADOWVIEW APARTMENTS RENT 194928 194928 MANAGEMENT FEES 181428 181428 WASHINGTON MILL RENT 74015 74015 TRANSITIONAL HOUSING 18563 18563 11050 11050 692275 39782 39782 3500 7118 -3618 -3618 -3618 1392968 1267634 125334 125334 1769671 813991 39782 3000 3000 87399 87399 171306 131906 34261 5139 508795 445092 55567 8136 39099 37389 1010 700 65352 42800 12420 10132 18630 17817 711 102 21433 16290 5143 91688 87298 3550 840 21866 2217 19646 3 43856 43856 74546 74261 285 3249 3249 REPAIRS 46072 46072 SALARIES 24551 24551 REPAIRS 19682 19682 SELF HELP TOOLS 14473 14473 51225 40123 10149 953 1306222 1134226 145991 26005 707556 1162109 536121 1524744 23811 161174 1349811 1282123 3955713 613740 3398752 3341973 1361405 276070 7377456 7748193 75252 56549 1565605 1495942 1318024 1313678 2958881 2866169 X 4230065 4882024 188510 4418575 4882024 7377456 7748193 463449 X false true X true false X 1509350 884721 1003026 853272 915898 5166267 1509350 884721 1003026 853272 915898 5166267 167265 4999002 7693 50798 48271 31395 28532 166689 5332956 2085243 0.93740 0.92450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2403380 2403380 1506714 595930 910784 30359 7529 22830 15260 10281 4979 3341973 SHOP CONSTRUCTION LOANS 688500 SELF-HELP PARTICIPANT RESTRICTED 510178 DEFERRED REVENUE - SELF-HELP SALES 115000 1313678 1769671 1769671 1769671 1306222 1306222 1306222 false TRANSITIONAL HOUSING 18 87399 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 172800 9165 181965 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 DURING THE FISCAL YEAR ENDING MARCH 31, 2017, MOUNTAINLANDS COMMUNITY HOUSING TRUST (MCHT) COMPLETED 11 SELF HELP HOMES IN FRANCIS BRINGING THE TOTAL OF SELF HELP HOMES COMPLETED SINCE 2002 TO 192. THESE HOMES WERE COMPLETED UNDER MCHT'S SELF HELP PROGRAM WITH A USDA RURAL DEVELOPMENT GRANT. NINE MORE HOMES WERE UNDER CONSTRUCTION AT YEAR-END, AND LOTS HAVE BEEN ACQUIRED FOR THE NEXT GROUP. THE LOAN FUNDING FROM GE CAPIAL (NOW SYNCHRONY BANK) FOR ACQUISITION OF LOTS FOR SELF HELP HOMES WAS PAID OFF IN FULL IN APRIL. MCHT COMPLETED CONSTRUCTION AND RENT-UP OF ITS RICHER PLACE APARTMENTS 28 UNIT PROJECT IN KIMBALL JUNCTION. MCHT'S SUMMIT COUNTY CONTRACT OF 50,000 WAS RENEWED AND THE SERVICE AGREEMENT WITH PARK CITY MUNICIPAL CORPORATION WAS RENEWED AT 20,000 PER YEAR. ADDITIONALLY, MCHT ENTERED INTO A SIMILAR CONTRACT WITH WASATCH COUNTY. TWO TRANSITIONAL HOUSING GRANTS WITH HUD CONCLUDED IN FY2017 AND WERE NOT RENEWED. HOWEVER, MCHT CONTINUED THIS PROGRAM WITH SIX UNITS (PREVIOUSLY ELEVEN), SUCCESSFULLY RAISING FUNDING WITHOUT FEDERAL GRANTS. MCHT HAS BUILT OPERATING RESERVES AND RESERVES FOR DEVELOPMENT TO THE POINT WHERE LINES OF CREDIT RARELY NEED TO BE UTILIZED. MCHT CURRENTLY IS IN A STRONG CASH POSITION WITH ALMOST 1,315,000 OF UNRESTRICTED FUNDS AVAILABLE IN SUPPORT OF A CONTINUING BALANCED BUDGET AND PRODUCTIVE DEVELOPMENT EFFORTS. MCHT INCREASED STAFF IN APRIL 2016 BY HIRING STEVE LAURENT, A LAWYER BY TRAINING AND EXPERIENCE, TO ASSIST IN ALL AREAS. MCHT EXPANDED ITS OFFICE SPACE TO ACCOMODATE. FORM 990, PAGE 6, PART VI, LINE 3 THE MANAGEMENT OF DAILY OPERATIONS RELATED TO THE MEADOWVIEW APARTMENTS HAS BEEN DELEGATED TO A MANAGEMENT COMPANY. 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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