MOUNTAIN HOUSING OPPORTUNITIES LOAN FUND INC

EIN: 271087774 501(c)(3) Housing & Shelter

ASHEVILLE, NC

Total Revenue
$597,419
Total Expenses
$305,132
Total Assets
$8,885,620
Net Assets
$8,581,852
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NC
Principal Officer
GEOFFREY BARTON
Phone
8282544030
Tax Period
2024-01-01 to 2024-12-31

MOUNTAIN HOUSING OPPORTUNITIES LOAN FUND INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $597K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $292K, a strong 49% operating margin.

Mission

TO ADVANCE HOMEOWNERSHIP, PROMOTE COMMUNITY DEVELOPMENT AND IMPROVE ECONOMIC OPPORTUNITIES THROUGH FINANCIAL ASSISTANCE AND OTHER ACTIVITIES BENEFITING LOW AND MODERATE INCOME PEOPLE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $475,000
Program Service Revenue $122,419
Investment Income $0
Other Revenue $0
TOTAL REVENUE $597,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $231,603
Fundraising Expenses $0
Program Expenses $305,132
Other Expenses $73,529
TOTAL EXPENSES $305,132

Year-over-Year Comparison

2024 2023 Change
Revenue $597,419 $440,173 +0.4%
Expenses $305,132 $279,230 +0.1%
Net Income $292,287 $160,943 +0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$175,988
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES D OWEN III CHAIR 0.10
Officer Director
$0 $0 $0
LYNN COOK VICE CHAIR 0.10
Officer Director
$0 $0 $0
DANA WARD SECRETARY 0.10
Officer Director
$0 $0 $0
THERESA PIWOWAR TREASURER 0.10
Officer Director
$0 $0 $0
GRETA BYRD DIRECTOR 0.10
Director
$0 $0 $0
JACK GILBERT DIRECTOR 0.10
Director
$0 $0 $0
ANNETTE MCCLURE DIRECTOR 0.10
Director
$0 $0 $0
RUTH MORRISSEY DIRECTOR 0.10
Director
$0 $0 $0
CONSTANCE PROCTOR DIRECTOR 0.10
Director
$0 $0 $0
RYAN ROHWER DIRECTOR 0.10
Director
$0 $0 $0
ELIZABETH TEAGUE DIRECTOR 0.10
Director
$0 $0 $0
GEOFFREY BARTON PRESIDENT & CEO 1.00
Officer
$0 $0 $175,988
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $597,419 $305,132 $8,885,620 $292,287
2023 $440,173 $279,230 $8,585,234 $160,943
2022 $651,635 $313,304 $9,168,190 $338,331
2021 $884,613 $358,868 $9,146,159 $525,745
2020 $446,249 $246,634 $8,559,815 $199,615
2019 $518,122 $250,884 $8,697,313 $267,238
2018 $699,488 $268,858 $8,030,606 $430,630
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