Mountain Housing Opportunities Loan Fund Inc

Analysis

Mountain Housing Opportunities Loan Fund Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mountain Housing Opportunities Loan Fund Inc reported income of $440k and spending of $279k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $518k to $440k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 49% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mountain Housing Opportunities Loan Fund Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Winter Grove Inc ($440k), Alabama Baptist Retirement Centers Inc ($440k) and Westcott-Wilcox Old Peoples Home ($440k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $191k. At year end it held assets of $8.6m against liabilities of $296k, net assets of $8.3m.