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.”

“River bluffs subdivision in fy 2015. Mcht was awarded low income housing tax credits for its richer place apartments 28 unity project in kimball junction and is working its way through due diligence with the tax credit investor. Mcht completed its third year of its cornerstone homeownership opportunity program (chip) and received grants totaling 130,000. It was awarded a fourth year grant of 135,000. Mcht's summit county contract of 50,000 was renewed and the service agreement with park city municipal corporation was increased to 20,000. Two transitional housing grants with hud were renewed so mcht will continue to operate 11 units under this program. Elmbridge apartments completed its first full year of operations and has exceeded cash flow projections. In addition to paying down the deferred development fee and arrearage, the maximum incentive management fee of approximately 70,000 was paid. Although lines of credit have been necessary to fund operations from time- to-time operating reserves and the develpment reserve accounts were increased this past year.”