2024-09-18T00:01:04-05:00 2023-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-01-01 581816998 MOUNTAIN HOUSING OPPORTUNITIES INC MOUN 8282544030 PO BOX 2278 ASHEVILLE NC 28802 GEOFFREY BARTON PRESIDENT & CEO 8282544030 2024-09-17 1 0 IRISH THURSTON P01662190 3362944494 2024-09-17 2023 2024-08-08 14:25:15Z GEOFFREY BARTON PO BOX 2278 ASHEVILLE NC 28802 6951408 0 X WWW.MTNHOUSING.ORG X 1988 NC TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS LIVING IN BUNCOMBE COUNTY AND THE SURROUNDING AREAS OF NORTH CAROLINA. 13 13 21 7 0 0 5189357 1850838 1669732 1915993 363108 646455 89479 101211 7311676 4514497 0 0 0 0 1680103 1791544 0 0 288418 2148713 2479753 3828816 4271297 3482860 243200 39921070 46625605 17197765 19912456 22723305 26713149 TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS LIVING IN BUNCOMBE COUNTY AND THE SURROUNDING AREAS OF NORTH CAROLINA. 0 0 3521388 2701225 PROVIDED PROGRAMS FOR REHABILITATION, WEATHERIZATION, MAINTENANCE & OTHER IMPROVEMENTS TO HOUSEHOLDS OF LOW-INCOME, ELDERLY AND HANDICAPPED INDIVIDUALS. PROVIDED AFFORDABLE HOUSING TO LOW-INCOME RENTERS AND FIRST-TIME HOMEOWNERS. 3521388 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 42 0 21 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SELENA JIMENEZ 8282544030 64 CLINGMAN AVENUE SUITE 101 ASHEVILLE NC 28801 CHARLES D OWEN III CHAIR 0.40 0.10 X X 0 0 0 ANTHONY THOMAS VICE CHAIR 0.40 0.10 X X 0 0 0 TREVA WILLIAMS SECRETARY 0.40 0.10 X X 0 0 0 THERESA PIWOWAR TREASURER 0.40 0.10 X X 0 0 0 GRETA BYRD DIRECTOR 0.40 0.10 X 0 0 0 LYNN COOK DIRECTOR 0.40 0.10 X 0 0 0 JACK GILBERT DIRECTOR 0.40 0.10 X 0 0 0 ANNETTE MCCLURE DIRECTOR 0.40 0.10 X 0 0 0 RUTH MORRISSEY DIRECTOR 0.40 0.10 X 0 0 0 CONSTANCE PROCTOR DIRECTOR 0.40 0.10 X 0 0 0 RYAN ROHWER DIRECTOR 0.40 0.10 X 0 0 0 ELIZABETH TEAGUE DIRECTOR 0.40 0.10 X 0 0 0 DANA WARD DIRECTOR 0.40 0.10 X 0 0 0 GEOFFREY BARTON INCOMING PRESIDENT & CEO 39.00 1.00 X 127323 0 0 VIC ANDERSON CFO 39.00 1.00 X 113583 0 0 SCOTT DEDMAN OUTGOING PRESIDENT & CEO 39.00 1.00 X 120670 0 0 SELENA JIMENEZ FINANCE MANGER 39.00 1.00 X 105044 0 0 ALLISON ROLLISON DIRECTOR OF PHILANTHROPY 39.00 1.00 X 107830 0 0 574450 0 0 5 0 0 0 HYDEN CONSTRUCTION 12 WAPITI CT CANDLER NC 28715 CONTRACTOR 327291 TP HOWARD PLUMBING CO INC PO BOX 15054 ASHEVILLE NC 28813 CONTRACTOR 133076 SJR DBA KITCHENS UNLIMITED PO BOX 636 SWANNANOA NC 28778 CONTRACTOR 128214 HOUSER CONSTRUCTION 37 WILLOW CREEK DRIVE ASHEVILLE NC 28803 CONTRACTOR 120980 TURN-KEY FOUNDATIONS INC PO BOX 1347 LEICESTER NC 28748 CONTRACTOR 116759 5 141495 1053460 655883 1850838 RENTAL INCOME 531110 1594594 1594594 PROGRAM SERVICES 531390 165650 165650 DEVELOPER & CONSTRUCTION FEES 230000 81600 81600 INTEREST INCOME - NOTES RECEIVABL 522291 74149 74149 1915993 3045800 2399345 646455 646455 646455 0 141495 37566 -37566 -37566 MISCELLANEOUS INCOME 531390 138777 138777 138777 4514497 2701225 0 -37566 240906 240906 1139384 855235 102363 181786 44066 26679 13825 3562 247180 143190 69915 34075 120008 72901 30880 16227 73981 66592 7197 192 56786 19779 36371 636 63139 1944 52400 8795 97072 45662 42060 9350 22948 18700 3467 781 262869 242352 19107 1410 600516 584549 15967 63828 44094 18630 1104 DEVELOPMENT & CONSTRUCT 1073410 1073410 PROGRAM FEES 86722 38950 28880 18892 EQUIPMENT EXPENSE 27164 8990 7939 10235 CREDIT LOSS EXPENSE 18704 18704 32614 18751 12490 1373 4271297 3521388 461491 288418 3062212 4308274 3719283 4080804 116790 139912 920784 350569 32791072 4694436 21392954 28096636 817 817 32928 22771 10675302 9625822 39921070 46625605 439588 502453 131129 129522 16454923 19105490 172125 174991 17197765 19912456 X 14762647 20106156 7960658 6606993 22723305 26713149 39921070 46625605 X 243200 3746644 X 0 1 X 1 1 1 X 3494086 2301552 3127740 5189357 1850838 15963573 3494086 2301552 3127740 5189357 1850838 15963573 3415709 12547864 99402 193253 196415 114604 138777 742451 16706024 15536130 0.75110 0.74770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3420865 3420865 29179051 4552674 24626377 191156 141762 49394 28096636 DUE FROM RELATED PARTY 6436301 LOAN RECEIVABLE - HOMEOWNERSHIP 199881 REAL ESTATE HELD FOR DEVELOPMENT, CURRENT 1665288 DEVELOPMENT ADVANCES 198123 OTHER CURRENT ASSETS 266917 REAL ESTATE HELD FOR DEVELOPMENT, LONG TERM 859312 9625822 TENANT SECURITY DEPOSITS 150873 CURRENT PORTION OF CAPITAL LEASE OBLIGATIONS 10497 LONG-TERM PORTION OF CAPITAL LEASE OBLIGATIONS 13621 174991 X PART X, LINE 2: IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A MORE-LIKELY-THAN-NOT THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE CONSOLIDATED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023 AND 2022. 35TH ANNIVERSARY CELEBRATION 141495 141495 37566 141495 141495 37566 37566 -37566 1 THE PRIMARY GOAL OF THE EMERGENCY HOME REPAIR PROGRAM IS TO REDUCE THE IMMEDIATE THREAT TO LIFE, HEALTH, AND SAFETY IN HOMES OWNED AND OCCUPIED BY LOW-INCOME PEOPLE LIVING IN BUNCOMBE COUNTY. 218 681818 THROUGH THIS PROGRAM ASSISTANCE IS PROVIDED THROUGH CONTRACTORS THAT HELP REPAIR THE HOMES WITH HANDICAPPED RAMPS, NEW HOME HEATING UNITS, AND VARIOUS OTHER HOME REPAIRS. PART I, LINE 2: THE PROGRAM HAS ELIGIBILITY DETERMINATION FOR PEOPLE WHO BENEFIT FROM THE SERVICES WHICH ARE REVIEWED BY THE PROGRAM MANAGER TO MONITOR PROPER USE OF THE FUNDS. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: EFFECTIVE DECEMBER 31, 2023, MOUNTAIN HOUSING OPPORTUNTIES, INC. ACQUIRED 5 PROPERTIES FROM WNC HOUSING, INC. (EIN : 58-1561131): CLEARVIEW TERRACE APARTMENTS, INDEPENDENCE COTTAGES, INDEPENDENCE COTTAGES PHASE II, OLIVE AND PINE GROVE, AND OXFORD HOUSE. THE AMOUNT FOR ACQUISITION OF RENTAL PROPERTIES REPRESENTS THE TOTAL ASSETS IN EXCESS OF LIABILITIES OF THESE ENTITIES. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE GOVERNING BODY RECEIVE A COPY OF FORM 990 AND AN OPPORTUNITY TO COMMENT OR RAISE QUESTIONS BEFORE THE DOCUMENT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A POTENTIAL CONFLICT OF INTEREST IS REPORTED TO A DIFFERENT LEVEL OF MANAGEMENT UP TO AND INCLUDING THE FULL BOARD OF DIRECTORS DEPENDING ON THE AMOUNT OF FUNDS AFFECTED. IN ADDITION, THE BOARD OF DIRECTORS AND STAFF MEMBERS MUST DISCLOSE POTENTIAL CONFLICTS ANNUALLY BY LISTING PROPERTY, BUSINESS OWNERSHIP AND INVESTMENTS ON A DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA AND RECOMMENDATIONS FROM NEIGHBORWORKS OF AMERICA AND OTHER SOURCES ARE USED IN DETERMING COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES ALL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER TO RELATED ENTITY -37,704. ACQUISITION OF RENTAL PROJECTS 3,784,348. 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