2012-08-08T09:51:35-05:00 2012-03-31 SHAW MUMFORD & CO PC 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2011-04-01 870514438 MOUNTAINLANDS COMMUNITY HOUSING ASSOCIATION MOUN 4356479719 1960 SIDEWINDER DRIVE ROOM/SUITE 107 PARK CITY UT 840607448 SCOTT LOOMIS 4356479719 2012-07-30 true JUSTIN R SHAW CPA CFE 8012943155 2012-08-08 2011 2016-02-24 21:20:13Z SCOTT LOOMIS 1960 SIDEWINDER DRIVE 107 PARK CITY UT 840607448 1744030 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. 9 9 6 50 0 796587 740761 294104 307921 -116926 -122214 334 0 974099 926468 102415 0 374212 378679 0 13325 399974 306937 774186 788031 199913 138437 4689109 4404320 3066984 2643758 1622125 1760562 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 725745 102415 307921 DURING THE FISCAL YEAR ENDING MARCH 31, 2012, MOUNTAINLANDS COMMUNITY HOUSING ASSOCIATION (MCHA) COMPLETED 6 HOMES IN KAMAS, UTAH, BRINGING THE TOTAL TO 135 HOMES COMPLETED SINCE 2002. IN ADDITION, FIVE MORE HOMES WERE STARTED IN KAMAS AND WERE COMPLETED IN EARLY FY13. THESE HOMES WERE COMPLETED UNDER MCHA'S SELF HELP PROGRAM. BECAUSE OF A LACK OF QUALIFIED PARTICIPANTS, USDA RURAL DEVELOPMENT DID NOT APPROVE MCHA'S 523 GRANT UNTIL AUGUST 2011, CAUSING MCHA TO SELF FUND THE PROGRAM FROM APRIL UNTIL SEPTEMBER. MCHA, AS THE MANAGING MEMBER AND DEVELOPER OF ELMBRIDGE APARTMENTS L.P, STARTED CONSTRUCTION ON 76 APARTMENTS IN HEBER CITY, UTAH. COMPLETION WILL BE IN SUMMER 2012. MCHA , AS MANAGING MEMBER AND DEVELOPER OF PRESTIGE SENIOR LIVING CENTER, LLC, STARTED CONSTRUCTION OF 23 APARTMENTS ALSO IN HEBER CITY, UTAH. COMPLETION IS SCHEDULED FOR FALL 2012. DURING THE FISCAL YEAR, THE 15-YEAR LOW INCOME HOUSING TAX CREDIT COMPLIANCE PERIOD TERMINATED FOR WASHINGTON MILL APARTMENTS WHICH HAS BEEN OWNED IN A TAX CREDIT PARTNERSHIP. THE PARTNERS, DEER VALLEY RESORT AND ZIONS BANK, CONVEYED THEIR INTEREST TO MCHA, MAKING IT THE SOLE OWNER OF THE 8 APARTMENTS IN PARK CITY, UTAH. ALTHOUGH FUNDING DID NOT BEGIN UNTIL APRIL 1ST, IN MARCH MCHA WAS AWARDED A CORNERSTONE HOMEOWNERSHIP INNOVATION PROGRAM (CHIP) GRANT IN THE AMOUNT OF 130,000 FOR EACH OF THE NEXT TWO FISCAL YEARS. THIS WILL PROVIDE FUNDS FOR MCHA TO MONITOR RESTRICTED AFFORDABLE HOMES, EXPAND ITS HOMEOWNERSHIP PROGRAMS, AND TRACK THE LONG-TERM EFFECTIVENESS OF ITS PROGRAMS. OTHER THAN THE ABOVE, MCHA CONTINUED TO RECEIVE FUNDING AND OPERATE ITS TRANSITIONAL HOUSING PROGRAM, HOUSING RESOURCE CENTER, AND OTHER ACTIVITIES. ITS CONTRACT WITH SUMMIT COUNTY WAS RENEWED FOR ANOTHER YEAR AND ITS CONTRACT WITH PARK CITY MUNICIPAL CORPORATION FOR TWO YEARS. 725745 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 false false false false false false false false false true false false false false false false false false false true 31 0 true 6 true false false false false false false false false false X 9 9 false true false false false false false true true false false true true true true true true true true false UT X X BRUCE CRANE 4356479719 1960 SIDEWINDER DR 107 PARK CITY UT 840607448 MONIKA GUENDNER 1.00 X 0 0 0 JOSIE HAGEN 1.00 X 0 0 0 ANNETTE SNEED 1.00 X 0 0 0 GARY MCDONALD 1.00 X 0 0 0 ROBERT HARTER 1.00 X 0 0 0 FREDERICK G TRIPP PHD 1.00 X 0 0 0 BOB WELLS 1.00 X 0 0 0 BOB RICHER 1.00 X 0 0 0 RILEY RISTO 1.00 X 0 0 0 SCOTT LOOMIS 40.00 X 86625 0 17317 86625 17317 false false false 343285 397476 217728 740761 MEADOWVIEW APARTMENTS RENT 188757 188757 MANAGEMENT FEES 98924 98924 WASHINGTON MILL RENT 16528 16528 LAND LEASE 2400 2400 DEVELOPMENT FEES 1302 1302 10 10 307921 7722 7722 687626 817562 -129936 -129936 -129936 926468 177985 7722 102415 102415 103941 92194 8749 2998 217849 195665 15996 6188 31378 26076 4328 974 25511 21190 3551 770 9203 7964 958 281 6116 3585 1823 708 67603 61000 5281 1322 1457 1220 175 62 50322 49439 883 33182 31604 1578 3369 3369 REPAIRS 56902 56902 MEADOWVIEW ADMINISTRATIVE 50046 50046 REPAIRS 11846 11846 SELF HELP TOOLS 11376 11376 5515 3223 2270 22 788031 725745 48961 13325 419477 228723 2112 101072 3185 30000 2462 647835 655354 12000 15412 3106412 288481 2292523 2817931 18733 2874 2874 1290370 550492 4689109 4404320 45355 47807 1338478 1646843 1683151 949108 3066984 2643758 X 1622125 1760562 1622125 1760562 4689109 4404320 138437 X false true true X false X 281279 451082 527152 796587 740761 2796861 281279 451082 527152 796587 740761 2796861 487508 2309353 13091 8544 8473 8512 7722 46342 2843203 1299988 0.81220 0.77170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 1732280 1732280 1361714 279485 1082229 12418 8996 3422 2817931 DEVELOPMENTS IN PROGRESS 520518 OTHER ASSETS 29974 550492 CONSTRUCTION LOANS 638715 DEFERRED REVENUE - SELF-HELP SALES 149000 SELF-HELP PARTICIPANT RESTRICTED 91560 LINE OF CREDIT 56333 SHOP CONSTRUCTION LOANS 13500 MEADOWVIEW APARTMENTS OTHER LIABILIT 949108 926468 788031 138437 138437 926468 926468 926468 788031 788031 788031 false TRANSITIONAL HOUSING 20 102415 X 1 217728 false false false ORGANIZATION'S MISSION 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. FIRST ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4A BE IN SUMMER 2012. MCHA , AS MANAGING MEMBER AND DEVELOPER OF PRESTIGE SENIOR LIVING CENTER, LLC, STARTED CONSTRUCTION OF 23 APARTMENTS ALSO IN HEBER CITY, UTAH. COMPLETION IS SCHEDULED FOR FALL 2012. DURING THE FISCAL YEAR, THE 15-YEAR LOW INCOME HOUSING TAX CREDIT COMPLIANCE PERIOD TERMINATED FOR WASHINGTON MILL APARTMENTS WHICH HAS BEEN OWNED IN A TAX CREDIT PARTNERSHIP. THE PARTNERS, DEER VALLEY RESORT AND ZIONS BANK, CONVEYED THEIR INTEREST TO MCHA, MAKING IT THE SOLE OWNER OF THE 8 APARTMENTS IN PARK CITY, UTAH. ALTHOUGH FUNDING DID NOT BEGIN UNTIL APRIL 1ST, IN MARCH MCHA WAS AWARDED A CORNERSTONE HOMEOWNERSHIP INNOVATION PROGRAM (CHIP) GRANT IN THE AMOUNT OF 130,000 FOR EACH OF THE NEXT TWO FISCAL YEARS. THIS WILL PROVIDE FUNDS FOR MCHA TO MONITOR RESTRICTED AFFORDABLE HOMES, EXPAND ITS HOMEOWNERSHIP PROGRAMS, AND TRACK THE LONG-TERM EFFECTIVENESS OF ITS PROGRAMS. OTHER THAN THE ABOVE, MCHA CONTINUED TO RECEIVE FUNDING AND OPERATE ITS TRANSITIONAL HOUSING PROGRAM, HOUSING RESOURCE CENTER, AND OTHER ACTIVITIES. ITS CONTRACT WITH SUMMIT COUNTY WAS RENEWED FOR ANOTHER YEAR AND ITS CONTRACT WITH PARK CITY MUNICIPAL CORPORATION FOR TWO YEARS. MANAGEMENT DELEGATED 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. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 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. ENFORCEMENT OF CONFLICTS POLICY 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. COMPENSATION PROCESS FOR TOP OFFICIAL 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. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTOR REVIEWS AND APPROVES COMPENSATION OF OTHER KEY EMPLOYEES. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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.