2024-10-30T11:27:48-05:00 2023-12-31 450250958 EIDE BAILLY LLP 5 TRIAD CENTER STE 600 SALT LAKE CITY UT 841801106 990 2023-01-01 870514438 MOUNTAINLANDS COMMUNITY HOUSING ASSOCIAT MOUN 4356479719 1960 SIDEWINDER DR PARK CITY UT 84060 JASON GLIDDEN EXECUTIVE DIRECTOR 4356479719 2024-10-28 1 1 KYLE FRITCH CPA P01313374 8015322200 2024-10-28 2023 2024-10-15 13:58:12Z JASON GLIDDEN 1960 SIDEWINDER DR STE 107 PARK CITY UT 84060 8940486 0 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 FAMILY'S 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 11 13 0 0 2014928 3168632 2008622 3267614 42256 24240 -67006 -644370 3998800 5816116 0 0 0 0 827457 1135781 0 0 68404 3419886 3127789 4247343 4263570 -248543 1552546 30640811 29544046 23971065 21321429 6669746 8222617 X MOUNTAINLANDS COMMUNITY HOUSING ASSOCIATION'S (MCHA) PURPOSE IS BASED ON THE BELIEF THAT A SAFE AFFORDABLE HOME IS OFTEN A FAMILY'S 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. 0 0 1543096 LAST YEAR, MOUNTAINLANDS CONTINUED WORK THE PARKVIEW PLACE SUBDIVISION IN HEBER CITY, A 49-LOT SUBDIVISION. THE SUBDIVISION CONSTISTS OF 13 SINGLE FAMILY, 30 TOWNHOMES AND 6 DUPLEX UNITS. ALL OF WHICH WILL BE SOLD AS AFFORDABLE HOUSING. WE CONTINUE TO MAKE PROGRESS AS WE COMPLETED AND SOLD A DUPLEX UNIT SUBJECT TO DEED RESTRICTIONS. WORK HAS BEGUN ON FINISHING THE COMMON SPACE LANDSCAPING AS WELL AS THE NEXT 6 TOWNHOMES. 1234475 2580411 SINCE AUGUST 2022, MOUNTAINLANDS LAUNCHED ITS COMMUNITY-BASED HOUSING RESOURCE CENTER (HRC) WITH A TWOFOLD PURPOSE: (1) TO COORDINATE AND FOCUS COMMUNITY SUPPORT FOR AFFORDABLE HOUSING; AND (2) TO SERVE AS A ONE-STOP-SHOP TO ASSIST PEOPLE IN IDENTIFYING AND OBTAINING HOUSING. THE CENTER WAS STAFFED INITIALLY BY TWO FULL-TIME POSITIONS: A HOUSING ADVOCATE WITH A FOCUS ON COMMUNITY ORGANIZING AND ADVOCACY WORK; AND A BILINGUAL HOUSING NAVIGATOR WITH AN AIM OF CONNECTING RESIDENTS, PARTICULARLY UNDERSERVED LOWER-INCOME LATINX HOUSEHOLDS, TO AFFORDABLE HOUSING OPPORTUNITIES. THE HRC CONTINUES TO HELP THE WORKFORCE NAVIGATE HOUSING OPTIONS, INCREASING THE COUNT ON THE PCMC WAITLIST BY 36. HELPED 12 FAMILIES APPLY TO HABITAT FOR HUMANITY OWNERSHIP PROGRAM AND 6 FAMILIES APPLY FOR CROWN RENT TO OWN. THE CURRENT HIKE IN INTEREST RATES HAS BECOME A BARRIER TO FIRS TIME HOMEBUYERS CAUSING A NOTICEABLE DECREASE IN APPLICANTS. THE HRC PROVIDED 6 INDIVIDUALS AND 18 FAMILIES WITH EDUCATION ON DEBT TO INCOME, CREDIT - HOW TO START GROWING AND MAINTAINING A GOOD CREDIT SCORE, BUDGETING TO PREPARE FOR HOME OWNERSHIP UNDERSTANDING HOW INTEREST RATES AFFECT BUYING POWER, CREDIT CARD USAGE AND HOW TO REDUCE DEBT AND REPAIR CREDIT. THE HRC HAS ASSISTED WITH 7 RESALES OF AFFORDABLE UNITS IN SUMMIT COUNTY. SIX OUT OF THE SEVEN UNITS WERE SOLD TO NON-WHITE HOUSEHOLDS. THE HRC ALSO ASSISTED IN THE SALE OF 18 NEW AFFORDABLE UNITS IN WASATCH COUNTY, OF WHICH 50% OF THE BUYERS WERE NON-WHITE HOUSEHOLDS. 1080165 42833 THE MUTUAL SELF-HELP HOUSING PROGRAM IS A USDA/RURAL DEVELOPMENT PROGRAM SPONSORED BY MOUNTAINLANDS FOR LOW-INCOME TO VERY LOW-INCOME FAMILIES TO ACHIEVE THE DREAM OF HOME OWNERSHIP THROUGH "SWEAT EQUITY". DURING THE FISCAL YEAR 4 HOMES WERE COMPLETED IN FRANCIS BUT THE SELF HELP PROGRAM SAW FUNDING AT THE FEDERAL LEVEL CUT, WHICH CAUSED DELAYS IN CLOSING THE NEXT GROUP OF PARTICIPANTS. THAT GROUP OF PARTICIPANTS CLOSED ON THEIR LOANS AT THE BEGINNING OF JULY AND WORK HAS BEGUN ON 6 TOWNHOMES IN THE PARKVIEW PLACE DEVELOPMENT IN HEBER CITY. THESE ARE SCHEDULED TO BE COMPLETED NEXT SUMMER. THE NEXT GROUP OF SELF-HELP PARTICIPANTS HAVE SUBMITTED THEIR APPLICATIONS. DUE TO THE FUNDING CUTS, WE DO NOT EXPECT THESE HOMES TO BE FUNDED UNTIL NEXT SPRING 3857736 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 35 0 1 11 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 UT X X X SCOTT LOOMIS 4356479719 1960 SIDEWINDER DR STE 107 PARK CITY UT 84060 DAVID LEVINE EXEC. DIR. (FROM 4/23 THRU 9/23) 40.00 X 119386 0 9551 PAT MATHESON EXECUTIVE DIRECTOR (THRU 3/23) 40.00 X 39717 0 7886 SCOTT LOOMIS INTERIM EXEC. DIR. (FROM 10/23) 40.00 X 7166 0 0 BOB RICHER PRESIDENT 2.00 X X 0 0 0 JESSICA NORIE VICE PRESIDENT 0.25 X X 0 0 0 RYAN HOFFMAN TREASURER 0.25 X X 0 0 0 KATIE WILKING SECRETARY 0.25 X X 0 0 0 JEFF BRADSHAW BOARD MEMBER 0.25 X 0 0 0 THOMAS EDDINGTON JR BOARD MEMBER 0.25 X 0 0 0 GUILLERMO ZELAYA BOARD MEMBER 0.25 X 0 0 0 ALEXIS BROWN BOARD MEMBER 0.25 X 0 0 0 CHRIS LAMPE BOARD MEMBER 0.25 X 0 0 0 SARA HUEY BOARD MEMBER (FROM 3/23) 0.25 X 0 0 0 JAMIE SHERER BOARD MEMBER (FROM 9/23) 0.25 X 0 0 0 BRIAN BALLS BOARD MEMBER (THRU 10/23) 0.25 X 0 0 0 MARY CHRISTA SMITH BOARD MEMBER (THRU 9/23) 0.25 X 0 0 0 KIMBER GABRYSZAK BOARD MEMBER (THRU 2/23) 0.25 X 0 0 0 166269 0 17437 1 0 0 0 ELLIOTT WORKGROUP 1441 UTE BLVD ST 100 PARK CITY UT 84098 ARCHITECTURE 229479 SELLERS GROUP 12636 S 125 W STE A DRAPER UT 84020 MANAGEMENT SERVICES 165405 R CUBED CRAFTSMAN LLC 4656 CHERRY ST 4 MURRAY UT 84123 CONSTRUCTION 118059 2 381959 2786673 2280000 3168632 GROSS RENTS 541610 2614276 2614276 MANAGEMENT 541610 644010 644010 CONSULTING 541610 10030 10030 -702 -702 3267614 24240 24240 2480000 3124370 -644370 -644370 5816116 2623244 0 24240 183704 146964 27555 9185 787955 630363 118194 39398 26880 21504 4032 1344 65636 52509 9845 3282 71606 57285 10741 3580 165405 165405 6721 500 6221 94886 43550 51336 44669 35735 6701 2233 45907 45907 423601 404188 14560 4853 11223 7942 3281 613173 611169 2004 901987 881359 20628 102282 95096 7186 REPAIRS & MAINTENANCE 601553 601553 PARTNERSHIP FEES 37929 37929 LOAN FORGIVENESS EXPENS 36541 36541 OTHER 21361 17032 4329 20551 11112 9239 200 4263570 3857736 337430 68404 1794619 1010459 520267 460015 250000 187500 235497 245324 1331202 1135979 27446 18688 29379871 11116345 18833108 18263526 2280000 7648672 5942555 30640811 29544046 393388 88643 29118 29709 22005186 19603756 1543373 1599321 23971065 21321429 X 6419746 8035117 250000 187500 6669746 8222617 30640811 29544046 1552546 325 0 X 0 1 X 1 0 X 2594105 2604534 677831 2014928 3168632 11060030 2594105 2604534 677831 2014928 3168632 11060030 2056224 9003806 23948 20782 17540 42256 24240 128766 11188796 28963655 0.80470 0.75960 X SCHEDULE A, PART II: THE ORGANIZATION FILED A SHORT YEAR RETURN FOR THE PERIOD APRIL 1, 2022 TO DECEMBER 31, 2022, EFFECTIVELY CHANGING THEIR ACCOUNTING PERIOD FROM A FISCAL YEAR ENDING MARCH 31ST TO A CALENDAR YEAR ENDING DECEMBER 31ST. IN ORDER TO PROPERLY REFLECT THE ORGANIZATION'S PUBLIC CHARITY STATUS AND PUBLIC SUPPORT FOR PURPOSES OF SCHEDULE A, PART II (SUPPORT SCHEDULE FOR ORGANIZATION'S DESCRIBED IN SECTION 509(A)(1)), THE ORGANIZATION IS REPORTING THEIR ACTIVITY FOR FISCAL YEAR ENDING MARCH 31, 2020 THROUGH MARCH 31, 2022, THE ACTIVITY FOR THE SHORT YEAR ENDING DECEMBER 31, 2022, AND THE ACTIVITY FOR CALENDAR YEAR ENDED DECEMBER 31, 2023 FOR THE FIVE YEAR PUBLIC SUPPORT COMPUTATION ON SCHEDULE A. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5818380 5818380 22267157 10972193 11294964 880135 144152 735983 414199 414199 18263526 INVESTMENT IN MINEROS 2280000 C 2280000 LAND HELD FOR SALE 5234596 RIGHT OF USE ASSET 182948 DEVELOPMENT FEES RECEIVABLE RELATED PARTY 525011 5942555 LEASE LIABILITIES 183726 SECURITY DEPOSITS 88764 OTHER CURRENT LIABILITIES 61843 GROUND LEASE COMMITMENT LIABILITY 1264988 1599321 X 5816441 325 325 5816116 0 5816116 4263570 0 4263570 0 4263570 PART X, LINE 2: MCHA BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ENTITIES WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. X 1 2280000 APPRAISED VALUE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING TO THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD EACH YEAR WHEN THE BUDGET IS APPROVED. 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. THE DATA IS USED AS A COMPARISON WHEN ESTABLISHING SALARIES. THE BOARD DOCUMENTS APPROVAL OF ALL PAY RATE CHANGES AND MERIT AWARDS. FORM 990, PART VI, SECTION C, 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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