Mountainlands Community Housing Associat

Nonprofit profile at a glance

EIN
870514438
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Park City, UT, USA
Phone
4356479719
Rating
91
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$3,540,240
Expenses
$4,215,896
Assets
$26,981,010
Liabilities
$19,434,049

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • JASON GLIDDEN (EXECUTIVE DIRECTOR (FROM 5/24))
  • JESSICA NORIE (VP (THRU 9/24)/PRESIDENT (FROM 10/24))
  • BOB RICHER (PRESIDENT (THRU 9/24))
  • SARA HUEY (VICE PRESIDENT (FROM 9/24))

Highest reported compensation

  • JASON GLIDDEN (EXECUTIVE DIRECTOR (FROM 5/24)): $127,780 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Other-operating. 80% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 95
  • Accountability: 100
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.5%; rating input score 98
  • Program expense ratio: 92.1%; rating input score 92
  • Fundraising efficiency: $12.14 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -19.1%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 6.4; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 3%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 13.1% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: 9.7% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 13.8% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 98.5% of revenue deployed · 92.1% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $3.9M in reported program spending
  • Leadership: top reported pay $128K · 17 people listed
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 10 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
  • High — Sustainability: Operating margin scored 7/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.