Mountainlands Community Housing Association

“The management of daily operations related to the meadowview apartments has been delegated to a management company.”

“The 990 is provided to each board member for review and comment prior to filing. In addition, management reviews the 990 prior to filing.”

“The organization follows the policies of the utah nonprofit association code of ethics. One code specifically relates to conflicts of interest. All employees and board members are subject to the conflict of interest policy, which requires that all actual, potential, or perceived conflicts of interest be disclosed. The policy requires that board members and staff act in the best interests of the organization rather than on the basis of personal interests or the interests of third parties. The board of directors and executive director reviews each actual, potential, or perceived conflict of interest. They will determine what specific action is required to ensure the best interests of the organization. In addition, each year the organization affirms compliance with this policy in a signed document to the utah nonprofit association.”

“The compensation for the executive director and other employees is approved by the board each year when the budget is approved. All salaries and raises are given to the board as part of the budget and the entire budget is approved by the board after discussion. Salary comparisons are shared with four other non-profit entities in utah in the affordable housing business. This data is used as a comparison when establishing salaries. The board documents approval of all pay rate changes and merit awards.”

“The board of director reviews and approves compensation of other key employees.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Mountainlands community housing association's (mcha) purpose is based on the belief that a safe affordable home is often a familys 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.”

“Mcht completed final equity funding and permanent loans for the elmbridge apartment and prestige senior living center project in heber. Both properties were stabilized and elmbridge generated payment on the deferred development fee to mcht. Mcht completed its second year of its cornerstone homeownership opportunity program (chip) and received grants totaling 128,000. Mcht was awarded a third year grant of 130,000. The summit county contract was renewed at 50,000 and the park city municipal corporation service agreement was increased to 18,000. Two additional grants were received for mcht's transitional housing program which was increased from 9 units to 12. One was from hud for longer term housing and another from the state's pamela atkinson homeless trust fund. Mcht took over management of the crown at wheeler park project in heber from the wasatch county housing authority. This generates new management fees to mcht. After years of dependence on lines of credit and outside loans for operations, for the first time in several years mcht did not rely on external loans for most of the year and was able to establish an operating account and a development reserve account that should be increasing on an annual basis.”