2014-08-28T07:25:07-05:00 2014-03-31 460952065 SHAW & CO PC 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2013-04-01 870514438 MOUNTAINLANDS COMMUNITY HOUSING ASSOCIATION MOUN 4356479719 1960 SIDEWINDER DRIVE ROOM/SUITE 107 PARK CITY UT 840607448 SCOTT LOOMIS EXECUTIVE DIRECTOR 4356479719 2014-08-20 true JUSTIN R SHAW CPA CFE P00081558 8012943155 2014-08-28 2013 2015-11-30 17:44:51Z SCOTT LOOMIS 1960 SIDEWINDER DRIVE 107 PARK CITY UT 840607448 2253608 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 10 0 1509350 884721 1132375 393089 7693 48848 -78369 90958 2571049 1417616 101614 108158 0 480869 564590 0 8271 347507 366242 929990 1038990 1641059 378626 5700714 6055109 2299093 2274862 3401621 3780247 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 967804 108158 DURING THE FISCAL YEAR ENDING MARCH 31, 2014, MOUNTAINLANDS COMMUNITY HOUSING TRUST (MCHT) COMPLETED 7 HOMES IN KAMAS BRINGING THE TOTAL HOMES COMPLETED SINCE 2002 TO 152. THESE HOMES WERE COMPLETED UNDER MCHT'S SELF HELP PROGRAM WITH A RURAL DEVELOPMENT 523 GRANT THAT WAS RENEWED AS OF SEPTEMBER 1, 2013 FOR TWO YEARS FOR A TOTAL OF 496,000. IN ADDITION, MCHT PURCHASED TEN LOTS IN FRANCIS TO BE UTILIZED IN THE SELF HELP PROGRAM AND OBTAINED THE RIGHTS TO PURCHASE 24 ADDITIONAL LOTS. EIGHT OF THESE TEN LOTS WERE CONVEYED TO PARTICIPANTS BEFORE THE END OF THE FISCAL YEAR. MCHT EARNED FORGIVENESS OF 189,000 OF SHOP LOANS FROM HOUSING ASSISTANCE COUNCIL. MCHT COMPLETED FINAL EQUITY FUNDING AND PERMANENT LOANS FOR THE ELMBRIDGE APARTMENT AND PRESTIGE SENIOR LIVING CENTER PROJECT IN HEBER. BOTH PROPERTIES WERE STABILIZED AND ELMBRIDGE GENERATED PAYMENT ON THE DEFERRED DEVELOPMENT FEE TO MCHT. MCHT COMPLETED ITS SECOND YEAR OF ITS CORNERSTONE HOMEOWNERSHIP OPPORTUNITY PROGRAM (CHIP) AND RECEIVED GRANTS TOTALING 128,000. MCHT WAS AWARDED A THIRD YEAR GRANT OF 130,000. THE SUMMIT COUNTY CONTRACT WAS RENEWED AT 50,000 AND THE PARK CITY MUNICIPAL CORPORATION SERVICE AGREEMENT WAS INCREASED TO 18,000. TWO ADDITIONAL GRANTS WERE RECEIVED FOR MCHT'S TRANSITIONAL HOUSING PROGRAM WHICH WAS INCREASED FROM 9 UNITS TO 12. ONE WAS FROM HUD FOR LONGER TERM HOUSING AND ANOTHER FROM THE STATE'S PAMELA ATKINSON HOMELESS TRUST FUND. MCHT TOOK OVER MANAGEMENT OF THE CROWN AT WHEELER PARK PROJECT IN HEBER FROM THE WASATCH COUNTY HOUSING AUTHORITY. THIS GENERATES NEW MANAGEMENT FEES TO MCHT. AFTER YEARS OF DEPENDENCE ON LINES OF CREDIT AND OUTSIDE LOANS FOR OPERATIONS, FOR THE FIRST TIME IN SEVERAL YEARS MCHT DID NOT RELY ON EXTERNAL LOANS FOR MOST OF THE YEAR AND WAS ABLE TO ESTABLISH AN OPERATING ACCOUNT AND A DEVELOPMENT RESERVE ACCOUNT THAT SHOULD BE INCREASING ON AN ANNUAL BASIS. 967804 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 false false false false false false false false false false false false false true true false false false true 31 0 true 10 true 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 BRUCE CRANE 4356479719 1960 SIDEWINDER DR 107 PARK CITY UT 840607448 MONIKA GUENDNER SECRETARY 1.00 X 0 0 0 JIM HIER TREASURER 1.00 X 0 0 0 ANNETTE SNEED BOARD MEMBER 1.00 X 0 0 0 STEWART BATES BOARD MEMBER 1.00 X 0 0 0 ROBERT HARTER BOARD MEMBER 1.00 X 0 0 0 FREDERICK G TRIPP PHD BOARD MEMBER 1.00 X 0 0 0 BOB WELLS PRESIDENT 1.00 X 0 0 0 BOB RICHER VICE PRESIDE 1.00 X 0 0 0 JEFF BRADSHAW BOARD MEMBER 1.00 X 0 0 0 ALEXIS BROWN BOARD MEMBER 1.00 X 0 0 0 RYAN HOFFMAN BOARD MEMBER 1.00 X 0 0 0 GUILLERMO ZELAYA BOARD MEMBER 1.00 X 0 0 0 SCOTT LOOMIS EX. DIRECTOR 40.00 X 119699 0 19594 119699 19594 1 false false false 585099 299622 387 884721 MEADOWVIEW APARTMENTS RENT 186010 186010 MANAGEMENT FEES 138642 138642 WASHINGTON MILL RENT 66037 66037 LAND LEASE 2400 2400 393089 50798 50798 48000 49950 -1950 -1950 -1950 877000 786042 90958 90958 1417616 482097 50798 108158 108158 119699 108757 9868 1074 337588 306728 27832 3028 69149 64604 3132 1413 38154 34879 2508 767 550 550 16532 15704 644 184 16476 10615 5539 322 80237 75676 3670 891 11830 11149 645 36 45459 45092 367 67498 66329 1169 6203 2718 3485 REPAIRS 45545 45545 SALARIES 18619 18619 MANAGEMENT FEES 17825 17825 SELF HELP TOOLS 13858 13817 41 25610 21039 4015 556 1038990 967804 62915 8271 268194 430845 110375 208939 210000 19898 14405 1389931 1313814 13500 4062512 407909 3771952 3654603 126864 222503 5700714 6055109 75655 55003 1727471 1657803 495967 562056 2299093 2274862 X 3401621 3780247 3401621 3780247 5700714 6055109 378626 X false true X true true true X 527152 796587 740761 1509350 884721 4458571 527152 796587 740761 1509350 884721 4458571 364388 4094183 8473 8512 7722 7693 50798 83198 4541769 2226204 0.90150 0.90650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2543380 2543380 1343851 374561 969290 146720 17937 128783 313 251 62 28248 15160 13088 3654603 SHOP CONSTRUCTION LOANS 216000 SELF-HELP PARTICIPANT RESTRICTED 213056 DEFERRED REVENUE - SELF-HELP SALES 133000 CONSTRUCTION LOANS LINE OF CREDIT 562056 1417616 1417616 1417616 1038990 1038990 1038990 false TRANSITIONAL HOUSING 20 108158 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 MCHT COMPLETED FINAL EQUITY FUNDING AND PERMANENT LOANS FOR THE ELMBRIDGE APARTMENT AND PRESTIGE SENIOR LIVING CENTER PROJECT IN HEBER. BOTH PROPERTIES WERE STABILIZED AND ELMBRIDGE GENERATED PAYMENT ON THE DEFERRED DEVELOPMENT FEE TO MCHT. MCHT COMPLETED ITS SECOND YEAR OF ITS CORNERSTONE HOMEOWNERSHIP OPPORTUNITY PROGRAM (CHIP) AND RECEIVED GRANTS TOTALING 128,000. MCHT WAS AWARDED A THIRD YEAR GRANT OF 130,000. THE SUMMIT COUNTY CONTRACT WAS RENEWED AT 50,000 AND THE PARK CITY MUNICIPAL CORPORATION SERVICE AGREEMENT WAS INCREASED TO 18,000. TWO ADDITIONAL GRANTS WERE RECEIVED FOR MCHT'S TRANSITIONAL HOUSING PROGRAM WHICH WAS INCREASED FROM 9 UNITS TO 12. ONE WAS FROM HUD FOR LONGER TERM HOUSING AND ANOTHER FROM THE STATE'S PAMELA ATKINSON HOMELESS TRUST FUND. MCHT TOOK OVER MANAGEMENT OF THE CROWN AT WHEELER PARK PROJECT IN HEBER FROM THE WASATCH COUNTY HOUSING AUTHORITY. THIS GENERATES NEW MANAGEMENT FEES TO MCHT. AFTER YEARS OF DEPENDENCE ON LINES OF CREDIT AND OUTSIDE LOANS FOR OPERATIONS, FOR THE FIRST TIME IN SEVERAL YEARS MCHT DID NOT RELY ON EXTERNAL LOANS FOR MOST OF THE YEAR AND WAS ABLE TO ESTABLISH AN OPERATING ACCOUNT AND A DEVELOPMENT RESERVE ACCOUNT THAT SHOULD BE INCREASING ON AN ANNUAL BASIS. 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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