MOUNTAIN HOUSING OPPORTUNITIES INC (EIN 581816998) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

GEOFFREY BARTON

Phone

8282544030

Tax Period

2024-01-01 to 2024-12-31

MOUNTAIN HOUSING OPPORTUNITIES INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $8.5M in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 44% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS LIVING IN BUNCOMBE COUNTY AND THE SURROUNDING AREAS OF NORTH CAROLINA.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,227,449

Program Service Revenue $2,076,944

Investment Income $222,574

Other Revenue $7,916

TOTAL REVENUE $8,534,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,769,469

Fundraising Expenses $145,608

Program Expenses $4,262,715

Other Expenses $2,999,479

TOTAL EXPENSES $4,768,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,534,883	$4,514,497	+0.9%
Expenses	$4,768,948	$4,271,297	+0.1%
Net Income	$3,765,935	$243,200	+14.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$228,440

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES D OWEN III	CHAIR	0.40	Officer Director	$0	$0	$0
LYNN COOK	VICE CHAIR	0.40	Officer Director	$0	$0	$0
DANA WARD	SECRETARY	0.40	Officer Director	$0	$0	$0
THERESA PIWOWAR	TREASURER	0.40	Officer Director	$0	$0	$0
GRETA BYRD	DIRECTOR	0.40	Director	$0	$0	$0
JACK GILBERT	DIRECTOR	0.40	Director	$0	$0	$0
ANNETTE MCCLURE	DIRECTOR	0.40	Director	$0	$0	$0
RUTH MORRISSEY	DIRECTOR	0.40	Director	$0	$0	$0
CONSTANCE PROCTOR	DIRECTOR	0.40	Director	$0	$0	$0
RYAN ROHWER	DIRECTOR	0.40	Director	$0	$0	$0
ELIZABETH TEAGUE	DIRECTOR	0.40	Director	$0	$0	$0
GEOFFREY BARTON	PRESIDENT & CEO	39.00	Officer	$175,988	$0	$175,988
MEGHAN GABEL	INCOMING CHIEF FINANCIAL OFFICER	39.00	Officer	$14,352	$0	$14,352
VIC ANDERSON	OUTGOING CHIEF FINANCIAL OFFICER	39.00	Officer	$38,100	$0	$38,100
LEE DEVICO	REPAIR MANAGER	39.00	Highest	$105,795	$0	$105,795
SELENA JIMENEZ	FINANCE MANGER	39.00	Highest	$107,047	$0	$107,047
ALLISON ROLLISON	DIRECTOR OF PHILANTHROPY	39.00	Highest	$112,342	$0	$112,342

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	$8,534,883	$4,768,948	$52,497,643	$3,765,935
2023	$4,514,497	$4,271,297	$46,625,605	$243,200
2022	$7,311,676	$3,828,816	$39,921,070	$3,482,860
2021	$6,111,464	$3,306,646	$35,342,140	$2,804,818
2020	$4,339,454	$3,014,841	$31,974,954	$1,324,613
2019	$5,877,313	$3,749,490	$31,427,218	$2,127,823
2018	$3,753,218	$2,983,937	$30,327,874	$769,281

MOUNTAIN HOUSING OPPORTUNITIES INC