2025-11-07T11:52:41-06:00 2024-12-31 450250958 EIDE BAILLY LLP 5 TRIAD CENTER STE 600 SALT LAKE CITY UT 841801106 990 2024-01-01 870514438 MOUNTAINLANDS COMMUNITY HOUSING ASSOCIAT MOUN 4356479719 1960 SIDEWINDER DR PARK CITY UT 84060 JASON GLIDDEN EXECUTIVE DIRECTOR 4356479719 2025-11-06 1 1 KYLE FRITCH CPA P01313374 8015322200 2025-11-06 2024 2025-03-06 01:10:19Z JASON GLIDDEN 1960 SIDEWINDER DR STE 107 PARK CITY UT 84060 5483386 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. 14 14 9 14 0 0 3168632 743689 3267614 3149144 24240 50553 -644370 -403146 5816116 3540240 0 0 0 0 1135781 946078 0 0 61254 3127789 3269818 4263570 4215896 1552546 -675656 29544046 26981010 21321429 19434049 8222617 7546961 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 1436792 2601984 MOUNTAINLANDS CONTINUES TO MAINTAIN SERVICE CONTRACTS WITH BOTH SUMMIT AND WASATCH COUNTIES TO COMPLETE ANNUAL COMPLIANCE MONITORING FOR DEED-RESTRICTED AFFORDABLE HOUSING UNITS.IN AUGUST 2022, MOUNTAINLANDS RE-LAUNCHED ITS COMMUNITY-BASED HOUSING RESOURCE CENTER (HRC) AS A DEPARTMENT WITHIN THE ORGANIZATION WITH A TWOFOLD PURPOSE:1. TO COORDINATE AND FOCUS COMMUNITY SUPPORT FOR AFFORDABLE HOUSING; AND2. TO SERVE AS A ONE-STOP-SHOP TO ASSIST PEOPLE IN IDENTIFYING AND OBTAINING HOUSING.THIS INCLUDES A BILINGUAL HOUSING NAVIGATOR DEDICATED TO CONNECTING RESIDENTSPARTICULARLY UNDERSERVED, LOWER-INCOME LATINX HOUSEHOLDSTO AFFORDABLE HOUSING OPPORTUNITIES. SINCE THEN, THE HRC HAS CONTINUED TO HELP MEMBERS OF THE LOCAL WORKFORCE NAVIGATE HOUSING OPTIONS. IN 2024, THE HRC: INCREASED THE PARK CITY MUNICIPAL CORPORATION (PCMC) AFFORDABLE HOUSING WAITLIST BY 28 HOUSEHOLDS. HELPED 4 FAMILIES APPLY TO THE HABITAT FOR HUMANITY HOMEOWNERSHIP PROGRAM. ASSISTED 4 FAMILIES IN APPLYING FOR THE CROWN RENT-TO-OWN PROGRAM.THE CONTINUED HIGH INTEREST RATES HAVE REMAINED A SIGNIFICANT BARRIER FOR FIRST-TIME HOMEBUYERS, RESULTING IN A NOTICEABLE DECREASE IN QUALIFIED APPLICANTS.IN RESPONSE, THE HRC PROVIDED 16 INDIVIDUALS AND 8 FAMILIES (UP FROM 18) WITH EDUCATION AND COUNSELING ON: DEBT-TO-INCOME RATIOS BUILDING AND MAINTAINING STRONG CREDIT SCORES BUDGETING FOR HOMEOWNERSHIP UNDERSTANDING HOW INTEREST RATES AFFECT BUYING POWER SMART CREDIT CARD USAGE AND STRATEGIES TO REDUCE DEBT AND REPAIR CREDITTHE HRC ALSO ASSISTED WITH THE RESALE OF 12 AFFORDABLE UNITS IN SUMMIT COUNTY (UP FROM 7).MOUNTAINLANDS CONTINUES TO MAINTAIN SERVICE CONTRACTS WITH BOTH SUMMIT AND WASATCH COUNTIES TO COMPLETE ANNUAL COMPLIANCE MONITORING FOR DEED-RESTRICTED AFFORDABLE HOUSING UNITS. 1397960 144014 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 THIS FISCAL YEAR, THE SELF HELP PROGRAM SAW FUNDING AT THE FEDERAL LEVEL CUT AND DELAYED, WHICH CAUSED DELAYS IN CLOSING THE NEXT GROUP OF PARTICIPANTS. GROUP 25 PARTICIPANTS BEGAN CONSTRUCTION ON 6 TOWNHOMES IN THE PARKVIEW PLACE DEVELOPMENT IN HEBER CITY. GROUP 25 IS SCHEDULED TO BE COMPLETED BY THE FALL OF 2025. 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. 1048470 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 IN 2024 CONSTRUCTION STARTED ON GROUP 25 OF THE SELF-HELP PROGRAM WHICH INCLUDES 6 AFFORDABLE TOWNHOME UNITS. THESE UNITS ARE EXPECTED TO BE COMPLETED IN THE FALL OF 2025. IN 2024, MCHT COMPLETED MINEROS, A 24 UNIT AFFORDABLE RENTAL PROJECT LOCATED IN THE SILVER CREEK DEVELOPMENT. THESE RENTAL UNITS ARE RENTED TO QUALIFIED TENANTS MAKING 60% OF THE AREA MEDIAN INCOME OR LESS. 3883222 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 0 0 0 0 1 1 1 0 0 0 1 22 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 UT X X X LAURA ELTON 4356479719 1960 SIDEWINDER DR STE 107 PARK CITY UT 84060 JASON GLIDDEN EXECUTIVE DIRECTOR (FROM 5/24) 40.00 X 104711 0 23069 SCOTT LOOMIS INTERIM EXEC. DIR. (THRU 4/24) 40.00 X 0 0 0 JESSICA NORIE VP (THRU 9/24)/PRESIDENT (FROM 10/24) 2.00 X X 0 0 0 BOB RICHER PRESIDENT (THRU 9/24) 2.00 X X 0 0 0 SARA HUEY VICE PRESIDENT (FROM 9/24) 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 JAMIE SHERER BOARD MEMBER 0.25 X 0 0 0 PETER TOMAI BOARD MEMBER 0.25 X 0 0 0 PATTY GARCIA BOARD MEMBER (FROM 4/24) 0.25 X 0 0 0 MARIA BELEN MENDOZA BOARD MEMBER (FROM 4/24) 0.25 X 0 0 0 BECCA GERBER BOARD MEMBER (FROM 4/24) 0.25 X 0 0 0 104711 0 23069 1 0 0 0 0 706938 36751 743689 GROSS RENTS 541610 2764451 2764451 MANAGEMENT 541610 369686 369686 CONSULTING 541610 14956 14956 51 51 3149144 50553 50553 1540000 1943146 -403146 -403146 3540240 2745998 0 50553 127780 102224 19167 6389 671204 536963 100681 33560 33387 26710 5008 1669 70696 56557 10604 3535 43011 34408 6452 2151 171319 171319 7068 3340 3728 77292 39025 38267 46189 36952 6928 2309 22683 22683 456948 439183 13324 4441 10557 9170 1387 611283 609279 2004 882234 861607 20627 119770 112584 7186 REPAIRS & MAINTENANCE 724088 724088 PARTNERSHIP FEES 77075 77075 OTHER 29797 22706 7091 BAD DEBT EXPENSE 13453 13453 20062 6579 13374 109 4215896 3883222 271420 61254 1010459 500442 460015 1032114 187500 103750 245324 290911 1135979 1122661 18688 18688 29489981 11998579 18263526 17491402 2280000 2280000 5942555 4141042 29544046 26981010 88643 100116 29709 17149 19603756 17576622 1599321 1740162 21321429 19434049 X 8035117 7359461 187500 187500 8222617 7546961 29544046 26981010 -675656 0 X 0 1 X 1 0 X 2604534 677831 2014928 3168632 743689 9209614 2604534 677831 2014928 3168632 743689 9209614 2092700 7116914 20782 17540 42256 24240 50553 155371 9364985 30727587 0.75990 0.80470 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 11826924 10440233 929195 171655 757540 475249 475249 17491402 INVESTMENT IN MINEROS 2280000 C 2280000 LAND HELD FOR SALE 3386427 RIGHT OF USE ASSET 146866 DEVELOPMENT FEES RECEIVABLE RELATED PARTY 607749 4141042 LEASE LIABILITIES 149601 SECURITY DEPOSITS 87264 OTHER CURRENT LIABILITIES 252365 GROUND LEASE COMMITMENT LIABILITY 1250932 1740162 X 3540240 0 3540240 0 3540240 4215896 0 4215896 0 4215896 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. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION BYLAWS WERE UPDATED APRIL 2024 FROM THE PREVIOUS WRITTEN BYLAWS DATED MARCH 2020. 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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