2012-08-15T12:56:54-05:00 2011-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2011-01-01 581816998 MOUNTAIN HOUSING OPPORTUNITIES INC MOUN 8282544030 PO BOX 2278 ASHEVILLE NC 28802 R SCOTT DEDMAN 8282544030 2012-08-15 1 RHONDA F SKILES P00174702 3362944494 2012-08-09 2011 2016-02-24 21:20:13Z R SCOTT DEDMAN PO BOX 2278 ASHEVILLE NC 28802 3286187 0 X WWW.MTNHOUSING.ORG X 1988 NC TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS LIVING IN BUNCOMBE COUNTY. 12 11 17 87 0 0 2228554 1844903 870785 811274 -40754 32176 43406 65335 3101991 2753688 0 0 0 0 991199 844849 0 0 106099 1792524 1378596 2783723 2223445 318268 530243 11426813 13189656 4754795 5987395 6672018 7202261 TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS LIVING IN BUNCOMBE COUNTY. 0 0 1938261 869068 PROVIDED PROGRAMS FOR REHABILITATION, WEATHERIZATION, MAINTENANCE & OTHER IMPROVEMENTS TO HOUSEHOLDS OF LOW-INCOME, ELDERLY AND HANDICAPPED INDIVIDUALS. PROVIDED AFFORDABLE HOUSING TO LOW-INCOME RENTERS AND FIRST-TIME HOMEOWNERS. 1938261 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 16 0 17 1 0 0 0 0 0 1 1 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SELENA JIMENEZ 8282544030 64 CLINGMAN AVENUE SUITE 101 ASHEVILLE NC 28801 MATTHEW BACOATE JR 1.00 X 0 0 0 PATRICK CARVER 1.00 X X 0 0 0 JESSIE COLEMAN 1.00 X X 0 0 0 PATRICIA EZZELL 1.00 X 0 0 0 TRINA BOYD 1.00 X 0 0 0 ANN PETERSON 1.00 X 0 0 0 DAN LOIZZO 1.00 X 0 0 0 JANET MOORE 1.00 X 0 0 0 ALPHIE RODRIGUEZ 1.00 X X 0 0 0 PAULA WILBER 1.00 X 0 0 0 MIKE ROMERO 1.00 X X 0 0 0 SCOTT DEDMAN 40.00 X 78383 0 4552 78383 0 4552 0 0 0 0 GOTCHA COVERED PO BOX 1633 CANDLER NC 28715 CONTRACTOR 237945 WELLSCM LLC PO BOX 2273 ASHEVILLE NC 28802 CONTRACTOR 175617 LEGERTON ARCHITECTURE 21 N LIBERTY STREET ASHEVILLE NC 28801 ARCHITECTS 133783 3 1397029 447874 55822 1844903 DEVELOPER FEES 230000 477200 477200 RENTAL INCOME 531110 133443 133443 PROGRAM SERVICES 531390 127415 127415 DISCOUNT ON NOTES RECE 522291 39562 39562 INTEREST INCOME- NOTES 522291 31370 31370 2284 2284 811274 4212 47 4165 545800 517836 27964 27964 27964 50215 14663 35552 35552 MISCELLANEOUS INCOME 531390 29783 29783 29783 2753688 869068 0 39717 78383 78383 593013 445528 83884 63601 16605 13392 2184 1029 106728 91510 7579 7639 50120 39563 5973 4584 12838 9701 3137 37000 37000 7838 5422 1706 710 12530 10303 854 1373 24590 17036 1348 6206 13884 9881 3458 545 9475 2433 7042 246597 236930 8372 1295 145661 139994 4171 1496 38175 35425 1314 1436 DEVELOPMENT & CONSTRUCT 451281 451084 92 105 PROFESSIONAL AND CONSUL 159184 149494 9690 CONTRIBUTION EXPENSE 125000 125000 LOSS ON INVESTMENTS 22000 22000 72543 55182 10971 6390 2223445 1938261 179085 106099 777971 1419303 174170 269363 547455 323730 2939 5861 7369616 1097216 5018239 6272400 1273 1320 5742 7708 4899024 4889971 11426813 13189656 294921 630138 4422307 5309948 37567 47309 4754795 5987395 X 1438004 1780818 5118814 5058038 115200 363405 6672018 7202261 11426813 13189656 530243 0 X 0 1 1 X 1 1 X 4437524 3547334 2459519 2228554 1844903 14517834 4437524 3547334 2459519 2228554 1844903 14517834 14517834 2033 4766 2783 4949 4165 18696 4504 30770 13748 10088 29783 88893 14625423 3399104 0.99260 0.99440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57805 57805 5294193 963896 4330297 161446 133320 28126 1856172 1856172 6272400 ASSETS HELD BY OTHER- CFWNC ENDOWMENT 5249 DUE FROM RELATED PARTY 3804954 LOAN RECEIVABLE - HOMEOWNERSHIP 394200 REAL ESTATE HELD FOR DEVELOPMENT 682667 SALES TAX RECEIVABLE 2007 DEPOSITS 894 4889971 TENANT SECURITY DEPOSITS 44241 PREPAID RENT 3068 47309 2753688 2223445 530243 530243 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PURPOSE OF THE SELF-HELP HOMEOWNERSHIP PROGRAM IS TO PROVIDE AN OPPORTUNITY TO LOW-INCOME RESIDENTS OF BUNCOMBE COUNTY TO BECOME HOMEOWNERS BY ALLOWING FAMILIES AND INDIVIDUALS TO CONTRIBUTE "SWEAT EQUITY" CONSTRUCTION HOURS TO REDUCE THE COST OF THEIR HOMES. MHO FACILITATES THE PROGRAM AND ACTS AS AN AGENT TO EACH FAMILIES LOANS THROUGH USDA TO BUILD THE HOMES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE CONSOLIDATED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2011 AND 2010. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING 2008; HOWEVER, NO EXAMINATIONS ARE IN PROCESS OR ANTICIPATED. ART AUCTION 50215 50215 14663 50215 50215 14663 14663 35552 1 THE PRIMARY GOAL OF THE EMERGENCY HOME REPAIR PROGRAM IS TO REDUCE THE IMMEDIATE THREAT TO LIFE, HEALTH, AND SAFETY IN HOMES OWNED AND OCCUPIED BY LOW-INCOME PEOPLE LIVING IN BUNCOMBE COUNTY. 142 637447 THROUGH THIS PROGRAM ASSISTANCE IS PROVIDED THROUGH CONTRACTORS THAT HELP REPAIR THE HOMES WITH HANDICAPPED RAMPS, NEW HOME HEATING UNITS, AND VARIOUS OTHER HOME REPAIRS. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE PROGRAM HAS ELIGIBILITY DETERMINATION FOR PEOPLE WHO BENEFIT FROM THE SERVICES WHICH ARE REVIEWED BY THE PROGRAM MANAGER TO MONITOR PROPER USE OF THE FUNDS. X 1 55822 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 ALL MEMBERS OF THE GOVERNING BODY RECEIVE A COPY OF FORM 990 AND AN OPPORTUNITY TO COMMENT OR RAISE QUESTIONS BEFORE THE DOCUMENT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A POTENTIAL CONFLICT OF INTEREST IS REPORTED TO A DIFFERENT LEVEL OF MANAGEMENT UP TO AND INCLUDING THE FULL BOARD OF DIRECTORS DEPENDING ON THE AMOUNT OF FUNDS AFFECTED. IN ADDITION, THE BOARD OF DIRECTORS AND STAFF MEMBERS MUST DISCLOSE POTENTIAL CONFLICTS ANNUALLY BY LISTING PROPERTY, BUSINESS OWNERSHIP AND INVESTMENTS ON A DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA AND RECOMMENDATIONS FROM NEIGHBORWORKS OF AMERICA AND OTHER SOURCES ARE USED IN DETERMING COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES ALL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. GLEN ROCK COMMERCIAL LLC 64 CLINGMAN AVENUE SUITE 101 ASHEVILLE NC 28801 NC -78438 1633031 MOUNTAIN HOUSING OPPORTUNITIES LOAN FUND INC PO BOX 2278 ASHEVILLE NC 28802 271087774 DOWNPAYMENT ASSISTANCE PROGRAM NC APPLIED FOR APPLIED FOR 0 ARDEN-RIVER GLEN LLC PO BOX 2278 ASHEVILLE NC 28802 561998993 APARTMENT RENTAL NC RELATED 0 1 0.01000 COMPTON PLACE LLC PO BOX 2278 ASHEVILLE NC 28802 562270203 APARTMENT RENTAL NC RELATED 0 1 0.00010 CROWELL PARK APARTMENTS LLC PO BOX 2278 ASHEVILLE NC 28802 205250368 APARTMENT RENTAL NC RELATED 0 1 0.00010 GRIFFIN APARTMENTS LLC PO BOX 2278 ASHEVILLE NC 28802 550864620 APARTMENT RENTAL NC RELATED 0 1 0.00010 NORTHPOINT COMMONS II LLC PO BOX 2278 ASHEVILLE NC 28802 522446882 APARTMENT RENTAL NC RELATED 0 1 0.00010 NORTHPOINT COMMONS LLC PO BOX 2278 ASHEVILLE NC 28802 043751700 APARTMENT RENTAL NC RELATED 0 1 0.00010 WIND RIDGE LLC PO BOX 2278 ASHEVILLE NC 28802 562162639 APARTMENT RENTAL NC RELATED 0 1 0.00010 GLEN ROCK PROPERTIES LLC PO BOX 2278 ASHEVILLE NC 28802 204392046 APARTMENT RENTAL NC RELATED 0 1 0.00010 WESTMORE PROPERTIES LLC PO BOX 2278 ASHEVILLE NC 28802 270824923 APARTMENT RENTAL NC RELATED 0 1 0.00010 LARCHMONT APARTMENTS LLC PO BOX 2278 ASHEVILLE NC 28802 273415529 APARTMENT RENTAL NC RELATED 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0