Mountain Housing Opportunities Inc

Analysis

Mountain Housing Opportunities Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in February 1989, 37 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 Inc reported income of $4.5m and spending of $4.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.9m to $4.5m (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 64% 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 Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Florence RHF Housing Inc ($4.5m), St Johns Place Family Center Housing Development Fund Corporati ($4.5m) and Trinity Affordable Housing Corporation ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $241k (5.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $46.6m against liabilities of $19.9m, net assets of $26.7m. It reported 21 employees.