Overview
What is Mountain Housing Opportunities Inc?
Mountain Housing Opportunities Inc is a nonprofit organization situated in Asheville, North Carolina, specifically at PO Box 2278. Their primary focus is to provide affordable housing solutions for low-income individuals residing in Buncombe County and the surrounding areas of North Carolina. They accomplish this mission through various programs, including rehabilitation, weatherization, maintenance, and other improvement services for households of low-income, elderly, and handicapped individuals. Moreover, they offer affordable housing options to low-income renters and first-time homeowners, contributing to their overall aim of promoting affordable living within the community. The organization employs a team of 21 individuals dedicated to fulfilling its mission.
Official website here: www.mtnhousing.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)**
Mountain Housing Opportunities Inc has achieved a remarkable 96% rating from Charity Navigator, indicating a high level of accountability and financial transparency. The organization received top scores in several key areas, including having a majority independent board, a robust conflict of interest policy, and no material diversion of assets, highlighting its commitment to ethical governance and responsible management of resources.
Users may appreciate the organization's significant program expense ratio, which stands at an impressive 90.60%, suggesting that a large majority of donations directly support its programs. This indicates that Mountain Housing Opportunities Inc prioritizes its mission to provide affordable housing solutions. The organization is also recognized for its solid financial practices, including thorough auditing processes and transparent financial statements.
Unfortunately, no user reviews from GreatNonprofits are available at this time, leaving a gap in understanding community sentiment regarding Mountain Housing Opportunities Inc's impact and effectiveness. Overall, the organization demonstrates strong financial health and governance, though further insights from user experiences would enrich the understanding of its community engagement and service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Mountain Housing Opportunities Inc legitimate?
Mountain Housing Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountain Housing Opportunities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $143,634
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,198,996
For more financial information, click here
Official website here: www.mtnhousing.org
What is the mission statement of Mountain Housing Opportunities Inc?
Mountain Housing Opportunities Inc is committed to providing affordable housing solutions for low-income individuals residing in Buncombe County and its surrounding areas in North Carolina. Their mission is twofold: firstly, they offer affordable housing options for low-income renters and first-time homeowners, and secondly, they provide necessary improvements and rehabilitation services for households of low-income, elderly, and handicapped individuals. Their programs encompass weatherization, maintenance, and other improvements, aiming to enhance the living conditions of these vulnerable groups.
Official website here: www.mtnhousing.org
Who is the CEO of Mountain Housing Opportunities Inc?
R Scott Dedman is the President & Executive Dire of Mountain Housing Opportunities Inc.
Official website here: www.mtnhousing.org
What is the revenue of Mountain Housing Opportunities Inc?
Mountain Housing Opportunities Inc's revenue in 2022 was $7,311,676.
Official website here: www.mtnhousing.org
Who are the executives of Mountain Housing Opportunities Inc and what are their salaries?
The average compensation at Mountain Housing Opportunities Inc during 2022 was $63,935. There are 21 employees and 18 volunteers at Mountain Housing Opportunities Inc.
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- Compensation: $143,634
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- Compensation: $132,206
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- Compensation: $111,436
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Official website here: www.mtnhousing.org
Where can I find the form 990 for Mountain Housing Opportunities Inc?
Mountain Housing Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mtnhousing.org
Learn more at the official website: www.mtnhousing.org
Mission Statement of Mountain Housing Opportunities Inc
Mountain Housing Opportunities Inc is committed to providing affordable housing solutions for low-income individuals residing in Buncombe County and surrounding areas of North Carolina. Their mission, in essence, is to make housing accessible for those who may not otherwise be able to afford it. To achieve this, the organization offers various programs aimed at rehabilitating, weatherizing, and improving the living conditions of low-income, elderly, and disabled households. Furthermore, Mountain Housing Opportunities Inc provides affordable housing options for both rental and first-time homeowners. By implementing these initiatives, the nonprofit aims to contribute positively to the housing needs of the community.
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Impact
July, 2024
Mountain Housing Opportunities Inc's impact can be seen in the significant improvement of housing affordability for low-income individuals living in Buncombe County and the surrounding areas of North Carolina. Through their programs focused on rehabilitation, weatherization, maintenance, and other improvements, they have positively impacted the living conditions of low-income, elderly, and handicapped individuals. Additionally, by providing affordable housing options to low-income renters and first-time homeowners, Mountain Housing Opportunities Inc has contributed to creating stable and secure living environments for those in need. Overall, their efforts align with their mission to ensure that affordable housing is accessible to all, making a tangible difference in the community they serve.
This information is meant to be a general summary of Mountain Housing Opportunities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $363,108
- Program Service Revenue: $1,669,732
- Gross Receipts: $9,007,142
Assets and Liabilities:
- Total Assets: $39,921,070
- Total Liabilities: $17,197,765
- Net Assets: $22,723,305
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,055,902
DEVELOPER & CONSTRUCTION FEES
Revenue
$532,982
INTEREST INCOME - NOTES RECEIVABL
Revenue
$41,073
PROGRAM SERVICES
Revenue
$39,775
Organization Details
Founding Year
1988
Phone
(828) 254-4030Principal Officer
R Scott Dedman
Main Address
PO BOX 2278, ASHEVILLE, NC, 28802
Website
www.mtnhousing.orgNTEE Category
Code: L810 - Housing
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