MOUNTAINLANDS COMMUNITY HOUSING ASSOCIAT

EIN: 870514438 501(c)(3) Unknown

PARK CITY, UT

Total Revenue
$5,816,116
Total Expenses
$4,263,570
Total Assets
$29,544,046
Net Assets
$8,222,617
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
UT
Principal Officer
JASON GLIDDEN
Phone
4356479719
Tax Period
2023-01-01 to 2023-12-31

MOUNTAINLANDS COMMUNITY HOUSING ASSOCIAT, founded in 1993, is a community nonprofit in the Unknown sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 27% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $1,543,096

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...

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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.

Program 2
Expenses: $1,234,475 Revenue: $2,580,411

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...

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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.

Program 3
Expenses: $1,080,165 Revenue: $42,833

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...

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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

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,168,632
Program Service Revenue $3,267,614
Investment Income $24,240
Other Revenue $-644,370
TOTAL REVENUE $5,816,116

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,135,781
Fundraising Expenses $68,404
Program Expenses $3,857,736
Other Expenses $3,127,789
TOTAL EXPENSES $4,263,570

Year-over-Year Comparison

2023 2022 Change
Revenue $5,816,116 $3,998,800 +0.5%
Expenses $4,263,570 $4,247,343 +0.0%
Net Income $1,552,546 $-248,543 -7.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
11
Volunteers
13

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
7
$183,706
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID LEVINE EXEC. DIR. (FROM 4/23 THRU 9/23) 40.00
Officer
$119,386 $9,551 $128,937
PAT MATHESON EXECUTIVE DIRECTOR (THRU 3/23) 40.00
Officer
$39,717 $7,886 $47,603
SCOTT LOOMIS INTERIM EXEC. DIR. (FROM 10/23) 40.00
Officer
$7,166 $0 $7,166
BOB RICHER PRESIDENT 2.00
Officer Director
$0 $0 $0
JESSICA NORIE VICE PRESIDENT 0.25
Officer Director
$0 $0 $0
RYAN HOFFMAN TREASURER 0.25
Officer Director
$0 $0 $0
KATIE WILKING SECRETARY 0.25
Officer Director
$0 $0 $0
JEFF BRADSHAW BOARD MEMBER 0.25
Director
$0 $0 $0
THOMAS EDDINGTON JR BOARD MEMBER 0.25
Director
$0 $0 $0
GUILLERMO ZELAYA BOARD MEMBER 0.25
Director
$0 $0 $0
ALEXIS BROWN BOARD MEMBER 0.25
Director
$0 $0 $0
CHRIS LAMPE BOARD MEMBER 0.25
Director
$0 $0 $0
SARA HUEY BOARD MEMBER (FROM 3/23) 0.25
Director
$0 $0 $0
JAMIE SHERER BOARD MEMBER (FROM 9/23) 0.25
Director
$0 $0 $0
BRIAN BALLS BOARD MEMBER (THRU 10/23) 0.25
Director
$0 $0 $0
MARY CHRISTA SMITH BOARD MEMBER (THRU 9/23) 0.25
Director
$0 $0 $0
KIMBER GABRYSZAK BOARD MEMBER (THRU 2/23) 0.25
Director
$0 $0 $0
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 No data No data No data No data
2023 $5,816,116 $4,263,570 $29,544,046 $1,552,546
2022 $2,478,702 $2,559,189 $27,933,281 $-80,487
2022 $3,998,800 $4,247,343 $30,640,811 $-248,543
2021 $3,507,267 $2,496,008 $24,014,718 $1,011,259
2020 $4,601,298 $2,435,872 $20,227,815 $2,165,426
2019 $2,335,926 $2,446,864 $14,745,787 $-110,938
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