Mosaic Housing Corp Xv Council Bluffs
Mosaic Housing Corp Xv Council Bluffs consistently operates at a deficit, depleting assets over time.
EIN: 205765691 · Omaha, NE · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $97K |
| Total Expenses | $187K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.3M |
| Transparency Score | 65/100 |
Is Mosaic Housing Corp Xv Council Bluffs 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 Xv Council Bluffs directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mosaic Housing Corp Xv Council Bluffs
Mosaic Housing Corp Xv Council Bluffs (EIN: 205765691) is a nonprofit organization based in Omaha, NE, classified under NTEE code L20. The organization reported total revenue of $97K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mosaic Housing Corp Xv Council Bluffs's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mosaic Housing Corp Xv Council Bluffs 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 -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $187K |
| Surplus / Deficit | $-97,163 |
| Total Assets | $1.3M |
| Total Liabilities | $44K |
| Net Assets | $1.3M |
| Operating Margin | -108.7% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 85.5 months |
Financial Health Grade: B
In 2023, Mosaic Housing Corp Xv Council Bluffs reported a deficit of $97K with expenses exceeding revenue, holds 85.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mosaic Housing Corp Xv Council Bluffs's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.7% | +3.3% | -5.4% |
| 2022 | +3.3% | -0.2% | -5.2% |
| 2021 | -4.0% | +1.1% | -5.2% |
| 2020 | -5.0% | +10.0% | -5.0% |
| 2019 | +16.9% | +1.5% | -4.3% |
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 Xv Council Bluffs with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mosaic Housing Corp Xv Council Bluffs allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $97K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for a nonprofit of this size with assets over $1 million.
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 Xv Council Bluffs's IRS 990 filings:
- Consistent and significant operating deficits (expenses nearly double revenue in recent years)
- Steady decline in total assets over the past decade, indicating unsustainable spending
- Reliance on asset depletion to cover operational costs
Strengths
The following positive indicators were identified for Mosaic Housing Corp Xv Council Bluffs:
- 0% reported officer compensation, indicating strong financial transparency and dedication
- Relatively low liabilities, suggesting responsible debt management
- Long operational history with 13 filings, indicating established presence
Frequently Asked Questions about Mosaic Housing Corp Xv Council Bluffs
Is Mosaic Housing Corp Xv Council Bluffs a legitimate charity?
Based on AI analysis of IRS 990 filings, Mosaic Housing Corp Xv Council Bluffs (EIN: 205765691) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Mosaic Housing Corp Xv Council Bluffs spend its money?
Mosaic Housing Corp Xv Council Bluffs directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mosaic Housing Corp Xv Council Bluffs tax-deductible?
Mosaic Housing Corp Xv Council Bluffs is registered as a tax-exempt nonprofit (EIN: 205765691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mosaic Housing Corp Xv Council Bluffs CEO make?
Mosaic Housing Corp Xv Council Bluffs's highest-compensated officer earns $1 annually. The organization reported $97K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mosaic Housing Corp Xv Council Bluffs's spending goes to programs?
Mosaic Housing Corp Xv Council Bluffs directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mosaic Housing Corp Xv Council Bluffs compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mosaic Housing Corp Xv Council Bluffs is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mosaic Housing Corp Xv Council Bluffs located?
Mosaic Housing Corp Xv Council Bluffs is headquartered in Omaha, Nebraska and files with the IRS under EIN 205765691. It is classified under NTEE code L20.
How many years of IRS 990 filings does Mosaic Housing Corp Xv Council Bluffs have?
Mosaic Housing Corp Xv Council Bluffs 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 $97K in total revenue.
Is Mosaic Housing Corp Xv Council Bluffs financially sustainable?
Based on the consistent trend of expenses significantly exceeding revenue (e.g., $186,556 expenses vs. $89,393 revenue in 2023), the organization's current financial model appears unsustainable in the long term without a substantial increase in funding or reduction in operational costs.
Why are the organization's assets declining?
The organization's assets have steadily declined from $2,037,072 in 2014 to $1,328,785 in 2023 because it consistently spends more than it earns, drawing down its reserves to cover the operational deficits.
How does the organization cover its operating deficits?
The organization covers its operating deficits by utilizing its existing assets, as evidenced by the continuous decline in its total assets over the past decade.
Filing History
IRS 990 filing history for Mosaic Housing Corp Xv Council Bluffs showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mosaic Housing Corp Xv Council Bluffs's revenue has declined by 0.8%, moving from $90K to $89K. Total assets decreased by 39.9% over the same period, from $2.2M to $1.3M. Total functional expenses rose by 30.6%, from $143K to $187K. In its most recent filing year (2023), Mosaic Housing Corp Xv Council Bluffs reported a deficit of $97K, with expenses exceeding revenue. The organization holds $44K in liabilities against $1.3M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $187K | $1.3M | $44K | — | View 990 |
| 2022 | $97K | $181K | $1.4M | $23K | — | — |
| 2021 | $94K | $181K | $1.5M | $17K | — | — |
| 2020 | $98K | $179K | $1.6M | $11K | — | View 990 |
| 2019 | $103K | $163K | $1.6M | $13K | — | View 990 |
| 2018 | $88K | $160K | $1.7M | $28K | — | View 990 |
| 2017 | $86K | $174K | $1.8M | $30K | — | View 990 |
| 2016 | $80K | $178K | $1.9M | $29K | — | View 990 |
| 2015 | $104K | $171K | $2.0M | $20K | — | View 990 |
| 2014 | $65K | $144K | $2.0M | $19K | — | View 990 |
| 2013 | $68K | $143K | $2.1M | $15K | — | View 990 |
| 2012 | $94K | $123K | $2.2M | $9K | — | View 990 |
| 2011 | $90K | $143K | $2.2M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $187K, and assets of $1.3M (revenue -7.7% year-over-year).
- 2022: Revenue of $97K, expenses of $181K, and assets of $1.4M (revenue +3.3% year-over-year).
- 2021: Revenue of $94K, expenses of $181K, and assets of $1.5M (revenue -4.0% year-over-year).
- 2020: Revenue of $98K, expenses of $179K, and assets of $1.6M (revenue -5.0% year-over-year).
- 2019: Revenue of $103K, expenses of $163K, and assets of $1.6M (revenue +16.9% year-over-year).
- 2018: Revenue of $88K, expenses of $160K, and assets of $1.7M (revenue +2.1% year-over-year).
- 2017: Revenue of $86K, expenses of $174K, and assets of $1.8M (revenue +7.6% year-over-year).
- 2016: Revenue of $80K, expenses of $178K, and assets of $1.9M (revenue -22.8% year-over-year).
- 2015: Revenue of $104K, expenses of $171K, and assets of $2.0M (revenue +60.6% year-over-year).
- 2014: Revenue of $65K, expenses of $144K, and assets of $2.0M (revenue -4.4% year-over-year).
- 2013: Revenue of $68K, expenses of $143K, and assets of $2.1M (revenue -28.4% year-over-year).
- 2012: Revenue of $94K, expenses of $123K, and assets of $2.2M (revenue +4.7% year-over-year).
- 2011: Revenue of $90K, expenses of $143K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mosaic Housing Corp Xv Council Bluffs:
Data Sources and Methodology
This transparency report for Mosaic Housing Corp Xv Council Bluffs 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.