Mosaic Housing Corp Xiv Rockford
Mosaic Housing Corp Xiv Rockford consistently operates at a deficit with declining assets.
EIN: 204417891 · Omaha, NE · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $80K |
| Total Expenses | $128K |
| Program Spending | 70% |
| Net Assets | $492K |
| Transparency Score | 55/100 |
Is Mosaic Housing Corp Xiv Rockford Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mosaic Housing Corp Xiv Rockford directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mosaic Housing Corp Xiv Rockford
Mosaic Housing Corp Xiv Rockford (EIN: 204417891) is a nonprofit organization based in Omaha, NE, classified under NTEE code L21. The organization reported total revenue of $80K and total assets of $801K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mosaic Housing Corp Xiv Rockford's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mosaic Housing Corp Xiv Rockford is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $128K |
| Surplus / Deficit | $-50,897 |
| Total Assets | $893K |
| Total Liabilities | $401K |
| Net Assets | $492K |
| Operating Margin | -65.8% |
| Debt-to-Asset Ratio | 44.9% |
| Months of Reserves | 83.6 months |
Financial Health Grade: B
In 2023, Mosaic Housing Corp Xiv Rockford reported a deficit of $51K with expenses exceeding revenue, holds 83.6 months of operating reserves (strong position), has a debt-to-asset ratio of 44.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mosaic Housing Corp Xiv Rockford's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.7% | -7.1% | -5.5% |
| 2022 | +29.7% | +13.6% | -4.3% |
| 2021 | +5.3% | +4.7% | -4.7% |
| 2020 | +0.5% | -2.3% | -3.7% |
| 2019 | -52.5% | -2.1% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mosaic Housing Corp Xiv Rockford with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 70%
- fundraising: 5%
According to IRS 990 filings, Mosaic Housing Corp Xiv Rockford allocates its expenses as follows: admin: 25%, programs: 70%, fundraising: 5%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is a positive for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mosaic Housing Corp Xiv Rockford's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in all reported years)
- Declining asset base over the past decade (from $1,249,867 in 2014 to $893,135 in 2023)
- Liabilities remain relatively stable while assets decline, increasing the debt-to-asset ratio.
Strengths
The following positive indicators were identified for Mosaic Housing Corp Xiv Rockford:
- Consistent IRS 990 filing history, indicating transparency in reporting.
- 0% officer compensation reported across all filings, minimizing executive overhead.
Frequently Asked Questions about Mosaic Housing Corp Xiv Rockford
Is Mosaic Housing Corp Xiv Rockford a legitimate charity?
Based on AI analysis of IRS 990 filings, Mosaic Housing Corp Xiv Rockford (EIN: 204417891) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does Mosaic Housing Corp Xiv Rockford spend its money?
Mosaic Housing Corp Xiv Rockford directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mosaic Housing Corp Xiv Rockford tax-deductible?
Mosaic Housing Corp Xiv Rockford is registered as a tax-exempt nonprofit (EIN: 204417891). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mosaic Housing Corp Xiv Rockford's spending goes to programs?
Mosaic Housing Corp Xiv Rockford directs 70% to programs, 5% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mosaic Housing Corp Xiv Rockford compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Mosaic Housing Corp Xiv Rockford is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mosaic Housing Corp Xiv Rockford located?
Mosaic Housing Corp Xiv Rockford is headquartered in Omaha, Nebraska and files with the IRS under EIN 204417891. It is classified under NTEE code L21.
How many years of IRS 990 filings does Mosaic Housing Corp Xiv Rockford have?
Mosaic Housing Corp Xiv Rockford has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $80K in total revenue.
Is Mosaic Housing Corp Xiv Rockford financially sustainable?
The organization consistently reports expenses exceeding revenue (e.g., $128,223 expenses vs. $77,326 revenue in 2023), and its assets have declined from $1,249,867 in 2014 to $893,135 in 2023, suggesting potential long-term sustainability challenges.
How does the organization cover its operational deficits?
Given the consistent deficits, the organization likely covers its operational shortfalls by drawing down its assets or through other non-revenue funding sources, as indicated by the declining asset base.
What is the trend in the organization's financial health?
The trend shows consistent operational deficits and a steady decline in total assets over the past decade, indicating a deteriorating financial position.
Filing History
IRS 990 filing history for Mosaic Housing Corp Xiv Rockford showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mosaic Housing Corp Xiv Rockford's revenue has grown by 53.5%, moving from $50K to $77K. Total assets decreased by 36.2% over the same period, from $1.4M to $893K. Total functional expenses rose by 36.6%, from $94K to $128K. In its most recent filing year (2023), Mosaic Housing Corp Xiv Rockford reported a deficit of $51K, with expenses exceeding revenue. The organization holds $401K in liabilities against $893K in assets (debt-to-asset ratio: 44.9%), resulting in net assets of $492K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $128K | $893K | $401K | — | View 990 |
| 2022 | $95K | $138K | $946K | $403K | — | — |
| 2021 | $73K | $121K | $988K | $403K | — | — |
| 2020 | $70K | $116K | $1.0M | $403K | — | View 990 |
| 2019 | $69K | $119K | $1.1M | $396K | — | View 990 |
| 2018 | $146K | $121K | $1.1M | $407K | — | View 990 |
| 2017 | $66K | $105K | $1.1M | $400K | — | View 990 |
| 2016 | $59K | $111K | $1.2M | $409K | — | View 990 |
| 2015 | $52K | $108K | $1.2M | $401K | — | View 990 |
| 2014 | $59K | $100K | $1.2M | $398K | — | View 990 |
| 2013 | $50K | $94K | $1.3M | $408K | — | View 990 |
| 2012 | $91K | $94K | $1.3M | $413K | — | View 990 |
| 2011 | $50K | $94K | $1.4M | $460K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $128K, and assets of $893K (revenue -18.7% year-over-year).
- 2022: Revenue of $95K, expenses of $138K, and assets of $946K (revenue +29.7% year-over-year).
- 2021: Revenue of $73K, expenses of $121K, and assets of $988K (revenue +5.3% year-over-year).
- 2020: Revenue of $70K, expenses of $116K, and assets of $1.0M (revenue +0.5% year-over-year).
- 2019: Revenue of $69K, expenses of $119K, and assets of $1.1M (revenue -52.5% year-over-year).
- 2018: Revenue of $146K, expenses of $121K, and assets of $1.1M (revenue +121.5% year-over-year).
- 2017: Revenue of $66K, expenses of $105K, and assets of $1.1M (revenue +12.5% year-over-year).
- 2016: Revenue of $59K, expenses of $111K, and assets of $1.2M (revenue +11.9% year-over-year).
- 2015: Revenue of $52K, expenses of $108K, and assets of $1.2M (revenue -11.6% year-over-year).
- 2014: Revenue of $59K, expenses of $100K, and assets of $1.2M (revenue +18.6% year-over-year).
- 2013: Revenue of $50K, expenses of $94K, and assets of $1.3M (revenue -45.3% year-over-year).
- 2012: Revenue of $91K, expenses of $94K, and assets of $1.3M (revenue +80.9% year-over-year).
- 2011: Revenue of $50K, expenses of $94K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mosaic Housing Corp Xiv Rockford:
Data Sources and Methodology
This transparency report for Mosaic Housing Corp Xiv Rockford is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.