Skip to content
Nonprofiteer
← MOUNTAIN HOUSING OPPORTUNITIES INC

Form 990 for tax year 2022

Filed by MOUNTAIN HOUSING OPPORTUNITIES INC.

Totals

Total revenue
$7,311,676
Total expenses
$3,828,816
Contributions and grants received
$5,189,357
Grants paid
$0
Program service revenue
$1,669,732
Investment income
$363,108
Other revenue
$89,479
Total assets, end of year
$39,921,070
Total liabilities, end of year
$17,197,765
Net assets or fund balances, end of year
$22,723,305
Program services expenses (Part IX)
$3,357,917
Management and general expenses
$247,569
Fundraising expenses
$223,330
Program service expenses (Part III)
$3,357,917

Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $112,817

  • 1e · Government grants (contributions)

    $2,877,287

  • 1f · All other contributions, gifts and grants

    $2,199,253

  • 2a · Program service revenue: RENTAL INCOME

    total $1,055,902 · related or exempt $1,055,902

  • 2b · Program service revenue: DEVELOPER & CONSTRUCTION FEES

    total $532,982 · related or exempt $532,982

  • 2c · Program service revenue: INTEREST INCOME - NOTES RECEIVABL

    total $41,073 · related or exempt $41,073

  • 2d · Program service revenue: PROGRAM SERVICES

    total $39,775 · related or exempt $39,775

  • 7a · Gross sales of assets other than inventory

    other assets $2,033,449

  • 7b · Less cost or other basis and sales expenses

    other assets $1,670,341

  • 7c · Gain or loss

    other assets $363,108

  • 7d · Net gain or loss

    total $363,108 · related or exempt $363,108

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $112,817

  • 8b · Fundraising events: direct expenses

    $25,125

  • 8c · Net income from fundraising events

    total -$25,125 · excluded -$25,125

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $114,604 · related or exempt $114,604

  • 11e · Other revenue, total

    $114,604

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $143,634 · program services $143,634

  • 7 · Other salaries and wages

    total $1,198,996 · program services $976,865 · management and general $93,889 · fundraising $128,242

  • 8 · Pension plan contributions

    total $32,399 · program services $27,938 · management and general $1,313 · fundraising $3,148

  • 9 · Other employee benefits

    total $200,012 · program services $145,476 · management and general $32,873 · fundraising $21,663

  • 10 · Payroll taxes

    total $105,062 · program services $83,217 · management and general $10,444 · fundraising $11,401

  • 11b · Fees: legal

    total $1,361 · program services $1,361

  • 11c · Fees: accounting

    total $42,575 · program services $27,467 · management and general $15,108

  • 11g · Fees: other

    total $77,664 · program services $9,040 · management and general $33,640 · fundraising $34,984

  • 13 · Office expenses

    total $73,377 · program services $48,021 · management and general $14,106 · fundraising $11,250

  • 17 · Travel

    total $17,187 · program services $15,402 · management and general $381 · fundraising $1,404

  • 20 · Interest

    total $326,427 · program services $323,235 · management and general $2,803 · fundraising $389

  • 22 · Depreciation, depletion and amortization

    total $506,092 · program services $491,435 · management and general $14,657

  • 23 · Insurance

    total $58,347 · program services $52,967 · management and general $4,211 · fundraising $1,169

  • 24a · Other expenses: DEVELOPMENT & CONSTRUCT

    total $905,326 · program services $905,326

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $48,533 · program services $48,533

  • 24c · Other expenses: PROGRAM FEES

    total $44,912 · program services $31,668 · management and general $10,843 · fundraising $2,401

  • 24d · Other expenses: EQUIPMENT EXPENSE

    total $22,392 · program services $14,928 · management and general $4,821 · fundraising $2,643

  • 24e · All other expenses

    total $24,520 · program services $11,404 · management and general $8,480 · fundraising $4,636

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,028,141 · end of year $3,062,212

  • 2 · Savings and temporary cash investments

    beginning of year $2,952,486 · end of year $3,719,283

  • 3 · Pledges and grants receivable

    beginning of year $232,139 · end of year $116,790

  • 4 · Accounts receivable

    beginning of year $1,066,349 · end of year $920,784

  • 10a · Land, buildings and equipment: cost or other basis

    $25,506,182

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,113,228

  • 10c · Land, buildings and equipment, net

    beginning of year $18,533,111 · end of year $21,392,954

  • 13 · Investments: program-related

    beginning of year $817 · end of year $817

  • 14 · Intangible assets

    end of year $32,928

  • 15 · Other assets

    beginning of year $10,529,097 · end of year $10,675,302

  • 17 · Accounts payable and accrued expenses

    beginning of year $399,360 · end of year $439,588

  • 19 · Deferred revenue

    beginning of year $114,483 · end of year $131,129

  • 23 · Secured mortgages and notes payable

    beginning of year $15,447,606 · end of year $16,454,923

  • 25 · Other liabilities

    beginning of year $132,035 · end of year $172,125

  • 27 · Net assets without donor restrictions

    beginning of year $12,129,985 · end of year $14,762,647

  • 28 · Net assets with donor restrictions

    beginning of year $7,118,671 · end of year $7,960,658

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS LIVING IN BUNCOMBE COUNTY AND THE SURROUNDING AREAS OF NORTH CAROLINA.

  • 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.

    Expenses $3,357,917 · Revenue $2,147,444

As filed on the 2022 return.

Listed in Part VII

  • Charles D Owen III

    CHAIR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Anthony Thomas

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Treva Williams

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Theresa Piwowar

    TREASURER

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Greta Byrd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Lynn Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Jack Gilbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Annette McClure

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Ruth Morrissey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Constance Proctor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Ryan Rohwer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Mike Romero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Elizabeth Teague

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Dana Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.1 related

  • Scott Dedman

    PRESIDENT & EXECUTIVE DIRE

    Total calculated
    $143,634
    From this org
    $143,634
    From related orgs
    $0
    Other
    $0
    Hours/week
    39 + 1 related

  • Cindy Weeks

    COMMUMITY RENTAL INVESTMEN

    Total calculated
    $132,206
    From this org
    $132,206
    From related orgs
    $0
    Other
    $0
    Hours/week
    39 + 1 related

  • Mike Vance

    VP OPERATIONS

    Total calculated
    $111,436
    From this org
    $111,436
    From related orgs
    $0
    Other
    $0
    Hours/week
    39 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ARDEN-RIVER GLEN LLC

    APARTMENT RENTAL · NC · income $25,271 · assets $1,413,913

  • WIND RIDGE LLC

    APARTMENT RENTAL · NC · income $69,621 · assets $1,508,780

  • GLEN ROCK COMMERCIAL LLC

    RENTAL · NC · income $17,113 · assets $0

  • ROBINS PARK LLC

    APARTMENT RENTAL · NC · income -$17,884 · assets $559,930

  • FOXRUN RIDGE LLC

    APARTMENT RENTAL · NC · income $29,927 · assets $1,415,467

  • CEDAR TRACE LANDING LLC

    APARTMENT RENTAL · NC · income $15,538 · assets $920,444

  • COMPTON PLACE LLC

    APARTMENT RENTAL · NC · income -$16,924 · assets $1,204,575

  • HEATHERTON PARK APARTMENTS LLC

    APARTMENT RENTAL · NC · income $8,163 · assets $944,297

  • NORTHPOINT COMMONS LLC

    APARTMENT RENTAL · NC · income -$2,956 · assets $1,314,773

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MARS HILL COMMONS LLC

    RELATED · APARTMENT RENTAL · NC · 0.01% owned · share of income -$12 · share of assets $127 · general or managing partner

  • CROWELL PARK APARTMENTS LLC

    RELATED · APARTMENT RENTAL · NC · 0.01% owned · share of assets -$15 · general or managing partner

  • GRIFFIN APARTMENTS LLC

    RELATED · APARTMENT RENTAL · NC · 0.01% owned · share of income $152 · general or managing partner

  • NORTHPOINT COMMONS II LLC

    RELATED · APARTMENT RENTAL · NC · 0.01% owned · share of income $28 · general or managing partner

  • GLEN ROCK PROPERTIES LLC

    RELATED · APARTMENT RENTAL · NC · 0.01% owned · share of income -$25 · share of assets $247,148 · general or managing partner

  • WESTMORE APARTMENTS LLC

    RELATED · APARTMENT RENTAL · NC · 0.01% owned · share of income -$27 · share of assets $556,691 · general or managing partner

  • LARCHMONT APARTMENTS LLC

    RELATED · APARTMENT RENTAL · NC · 0.01% owned · share of income -$19 · share of assets $46 · general or managing partner

  • EAGLE MARKET PLACE LLC

    RELATED · APARTMENT RENTAL · NC · 0.01% owned · share of income -$34 · share of assets $134,093 · general or managing partner

  • EMP COMMERCIAL LLC

    RELATED · APARTMENT RENTAL · NC · 50% owned · share of income -$50,643 · share of assets $1,823,354 · general or managing partner

  • EAST HAVEN APARTMENTS LLC

    RELATED · APARTMENT RENTAL · NC · 0.01% owned · share of income -$45 · share of assets $1,368 · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MAPLE CREST MANAGEMENT INC

    C · REAL ESTATE · NC · 50% owned · share of income -$99

  • MHO FALLEN SPRUCE SPE INC

    C · REAL ESTATE · NC · 100% owned · share of income -$13

Provenance

Return type
form_990
Tax year
2022
Filed
2 October 2023
IRS schema version
2022v5.0
Source object
202302769349300635

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.