Quick charity verification for Mosaic Housing Corp Xvi Farmington (EIN: 205765731)
Verdict: Mosaic Housing Corp Xvi Farmington shows mixed signals
65/100Mission Score
$62KRevenue
$993KAssets
3Red Flags
2Strengths
Red Flags
Consistent deficit spending, with expenses significantly exceeding revenue in all reported periods (e.g., 2023 expenses of $101,114 vs. revenue of $58,827).
Steady decline in total assets over the past decade, from $1,455,623 in 2014 to $1,029,717 in 2023, indicating reliance on asset depletion to cover operational deficits.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
Consistent filing history (13 filings) demonstrates a commitment to transparency in reporting to the IRS.
Spending Breakdown
How Mosaic Housing Corp Xvi Farmington allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
20%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Mosaic Housing Corp Xvi Farmington
Is Mosaic Housing Corp Xvi Farmington a legitimate charity?
Based on AI analysis of IRS 990 filings, Mosaic Housing Corp Xvi Farmington (EIN: 205765731) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Mosaic Housing Corp Xvi Farmington a good charity to donate to?
Mosaic Housing Corp Xvi Farmington has a Mission Score of 65/100. Revenue: $62K. Assets: $993K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mosaic Housing Corp Xvi Farmington?
The Employer Identification Number (EIN) for Mosaic Housing Corp Xvi Farmington is 205765731. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Mosaic Housing Corp Xvi Farmington spend its money?
Mosaic Housing Corp Xvi Farmington allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mosaic Housing Corp Xvi Farmington's tax-exempt status?
You can verify Mosaic Housing Corp Xvi Farmington's tax-exempt status using EIN 205765731 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Mosaic Housing Corp Xvi Farmington consistently operates with expenses exceeding its revenue, as evidenced by the 202306 filing showing $101,114 in expenses against $58,827 in revenue. This trend is consistent across all provided filings, indicating a reliance on existing assets or other funding mechanisms not immediately apparent from the revenue figures alone. The organization's assets have been steadily declining over the past decade, from $1,455,623 in 2014 to $1,029,717 in 2023, suggesting that the deficit spending is being covered by drawing down its asset base.
The organization reports 0% officer compensation across all filings, which is a positive indicator for minimizing administrative overhead related to executive pay. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The consistent deficit spending, while not necessarily a red flag for all nonprofits, warrants further investigation into its long-term financial sustainability and funding model. Transparency regarding the allocation of its expenses would significantly enhance the understanding of its operational efficiency.