Mountain Place Inc in Winston Salem, North Carolina (NC)

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Mountain Place Inc
Employer Identification Number (EIN)582024187
Name of OrganizationMountain Place Inc
In Care of NamePerry C Craven
Address750 Bethesda Rd, Winston Salem, NC 27103-3302
ActivitiesHousing for the aged (see also 153)
SubsectionCharitable Organization
Ruling Date01/1993
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$704,860
Amount of Income$139,807
Form 990 Revenue Amount$139,807
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Senior Citizens' Housing/Retirement Communities


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Amount of income in 2014: $139,807 (it was $136,850 in 2013)
This organization: 

 $139,807
Other organizations performing similar types of work: 

 $472,802

Assets in 2014: $704,860 (it was $734,558 in 2013)
Mountain Place Inc: 

 $704,860
Other organizations performing similar types of work: 

 $1,498,541

Expenses in 2014: $170,079
Mountain Place Inc: 

 $170,079
Other organizations performing similar types of work: 

 $453,232

Income to expenses ratio in 2014: 0.8
Mountain Place Inc: 

 0.8
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2014: 56.9%
This organization: 

 56.9%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?NoNoYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYesNo
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096002
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return000
Did the organization file all required federal employment tax returns?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0$0
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$137,851$137,684$136,850$139,807
Contributions, Gifts, Grants and Other Similar Amounts$0$0$0$79,551
Program Service Revenue$136,418$136,293$136,345$60,171
Lessors of Residential Buildings and Dwellings $134,309$133,945$57,925
Lessors of Residential Buildings and Dwellings $1,751$1,858$1,908
Lessors of Residential Buildings and Dwellings $233$542$290
Lessors of Residential Buildings and Dwellings $0$0$48
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,433$1,391$505$85
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0$0
Net income/loss from fundraising events$0$0$0$0
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$0$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$149,116$159,708$175,890$170,079
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0$0
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$43,748$44,830$46,039$0
Pension plan accruals and contributions$0$0$0
Other employee benefits$5,805$6,187$0
Payroll taxes$3,532$3,568$3,569$0
Fees for services (non-employees)
Management$17,183$17,214$17,471
Legal$0$0$0
Accounting$3,973$4,173$4,500
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$0$0$0
Advertising and promotion$2,860$2,922$2,950
Office expenses$7,316$7,752$8,175
Information technology$0$0$0
Royalties$0$0$0
Occupancy$42,668$53,794$10,029
Travel$0$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$270$529$428
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$22,991$23,989$24,097
Insurance$889$1,336$12,435
Other expenses$5,841$6,566$21,843
Other expenses$1,498$1,820$21,770
Other expenses$16$0$21,770
Other expenses$0$0$6,445
Other expenses$0$0$18,166
Balance Sheet
2011201220132014
Total assets$798,833$778,118$734,558$704,860
Cash - non-interest-bearing$4,298$375$2,279
Savings and temporary cash investments$0$0$193,007
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$666$252$481
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$4,154$4,719$651
Land, buildings, and equipment: cost or other basis$530,933$515,757$501,710
Investments - publicly traded securities$0$0$0
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$238,067$213,455$6,732
Total liabilities$19,297$20,606$16,086$16,660
Accounts payable and accrued expenses$14,275$9,452$9,928
Grants payable$0$0$0
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$6,331$6,634$6,732
Total net assets or fund balances$779,536$757,512$718,472$688,200
Unrestricted net assets$757,512$718,472$688,200
Temporarily restricted net assets$0$0$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$667,176
Subtotal$667,176
Gifts, grants, contributions, and membership fees received$79,551
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$587,625
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$673,479
Public support$667,176
Subtotal$6,303
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$6,303
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Lutheran Retirement Center Salisbury IncPO BOX 947, Salisbury, NC 28145-0947NC1963-08$5,800,006
2First Baptist Housing Development Inc Ii300 E John St Ste 138, Matthews, NC 28105-4939NC1996-01$169,084
3Wartburg Home Foundation IncWartburg Place, Mount Vernon, NY 10552NY1992-07$19,730,621
4Vinson Hall Corporation6251 Dominion Drive, Mclean, VA 22101VA1971-12$17,118,091
5Incarnate Word Retirement Community Inc4707 Broadway St, San Antonio, TX 78209-6215TX1946-03$15,263,320
6Victory Lake Nursing Center419 N Quaker Ln, Hyde Park, NY 12538-2933NY1969-02$12,782,740
7Villa St Francis Inc16600 W 126th St, Olathe, KS 66062-1184KS1946-03$11,979,194
8Presbyterian Home Of Hawfields Inc2502 S Nc 119, Mebane, NC 27302NC1975-03$6,368,619
9Mandala Adoption Services6601 Turkey Farm Rd, Chapel Hill, NC 27514-9391NC1994-03$966,769
10Korner Homes Inc750 Bethesda Rd, Winston Salem, NC 27103-3302NC1980-05$664,501
11Givens Housing Corporation2360 Sweeten Creek Rd, Asheville, NC 28803-2030NC1977-08$571,678
12Greensboro United Methodist Housing Inc2608 Merritt Dr, Greensboro, NC 27407-5612NC1974-10$547,052
13Carolina Housing Partnership IncPO BOX 1391, High Point, NC 27261-1391NC1993-09$461,000
14Vance County Elderly Housing Corporation351 Keene St, Henderson, NC 27536-2677NC1983-03$390,803
15Assembly Terrace Inc3731 University Parkway, Winston Salem, NC 27106-4042NC1993-05$361,129
16Aldersgate Ii Inc2608 Merritt Dr, Greensboro, NC 27407-5612NC1984-06$327,412
17Springdale Housing Phase Ii IncPO BOX 1254, Dunn, NC 28335-1254NC1996-05$127,760
18Wactor Gardens IncPO BOX 1706, Washington, NC 27889-1706NC1998-06$63,202
19Capital Towers Inc4812 Six Forks Road, Raleigh, NC 27609NC1971-07$0
20Shiloh Development For Community Home Care Inc4150 Hummingbird Pl, Fayetteville, NC 28312-8063NC1996-04$0
Number of organizations performing similar types of work
Alaska1
Alabama16
Arkansas19
Arizona12
California149
Colorado16
Connecticut30
District of Columbia3
Delaware3
Florida47
Georgia25
Hawaii6
Iowa17
Idaho2
Illinois34
Indiana33
Kansas13
Kentucky22
Louisiana20
Massachusetts45
Maryland20
Maine23
Michigan45
Minnesota19
Missouri28
Mississippi13
Montana9
North Carolina27
North Dakota7
Nebraska8
New Hampshire4
New Jersey38
New Mexico4
Nevada6
New York92
Ohio70
Oklahoma15
Oregon9
Pennsylvania54
Rhode Island7
South Carolina8
South Dakota5
Tennessee21
Texas42
Utah5
Virginia20
Vermont3
Washington19
Wisconsin38
West Virginia5
Wyoming9
International1
Total1,187

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