Mosaic Housing Corp Xvi Farmington
Mosaic Housing Corp Xvi Farmington consistently spends more than it earns, drawing down assets.
EIN: 205765731 · Omaha, NE · NTEE: P73 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $62K |
| Total Expenses | $101K |
| Program Spending | 80% |
| Net Assets | $1.0M |
| Transparency Score | 65/100 |
Is Mosaic Housing Corp Xvi Farmington 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 Xvi Farmington directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mosaic Housing Corp Xvi Farmington
Mosaic Housing Corp Xvi Farmington (EIN: 205765731) is a nonprofit organization based in Omaha, NE, classified under NTEE code P73. The organization reported total revenue of $62K and total assets of $993K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mosaic Housing Corp Xvi Farmington's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mosaic Housing Corp Xvi Farmington 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 -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $101K |
| Surplus / Deficit | $-42,287 |
| Total Assets | $1.0M |
| Total Liabilities | $13K |
| Net Assets | $1.0M |
| Operating Margin | -71.9% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 122.2 months |
Financial Health Grade: B
In 2023, Mosaic Housing Corp Xvi Farmington reported a deficit of $42K with expenses exceeding revenue, holds 122.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mosaic Housing Corp Xvi Farmington's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.8% | -2.8% | -4.6% |
| 2022 | +3.5% | +1.3% | -3.3% |
| 2021 | +4.3% | +4.3% | -3.9% |
| 2020 | +6.1% | +1.2% | -4.0% |
| 2019 | -5.4% | -3.6% | -3.8% |
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 Xvi Farmington 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Mosaic Housing Corp Xvi Farmington allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. 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 $42K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation, which is a strong positive for minimizing administrative costs.
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 Xvi Farmington's IRS 990 filings:
- 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
The following positive indicators were identified for Mosaic Housing Corp Xvi Farmington:
- 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.
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) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Mosaic Housing Corp Xvi Farmington spend its money?
Mosaic Housing Corp Xvi Farmington directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mosaic Housing Corp Xvi Farmington tax-deductible?
Mosaic Housing Corp Xvi Farmington is registered as a tax-exempt nonprofit (EIN: 205765731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mosaic Housing Corp Xvi Farmington compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mosaic Housing Corp Xvi Farmington is above average for NTEE category P73 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mosaic Housing Corp Xvi Farmington located?
Mosaic Housing Corp Xvi Farmington is headquartered in Omaha, Nebraska and files with the IRS under EIN 205765731. It is classified under NTEE code P73.
How many years of IRS 990 filings does Mosaic Housing Corp Xvi Farmington have?
Mosaic Housing Corp Xvi Farmington 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 $62K in total revenue.
Is Mosaic Housing Corp Xvi Farmington financially sustainable given its consistent deficit spending?
The organization consistently reports expenses exceeding revenue (e.g., $101,114 expenses vs. $58,827 revenue in 2023), leading to a steady decline in assets from $1,455,623 in 2014 to $1,029,717 in 2023. This trend raises concerns about long-term financial sustainability without an apparent alternative funding source or strategy to balance its budget.
What is the primary source of funding for Mosaic Housing Corp Xvi Farmington, given its low reported revenue relative to expenses?
The provided data only shows 'Revenue' which is consistently lower than 'Expenses'. Without further detail on the nature of this revenue (e.g., grants, program service revenue, contributions) or other funding sources, it's unclear how the organization sustains its operations while drawing down assets.
What are the specific categories of expenses for Mosaic Housing Corp Xvi Farmington?
The provided IRS 990 data only gives total expenses. A detailed breakdown into program services, management and general, and fundraising expenses is needed to fully assess spending efficiency and program focus.
Filing History
IRS 990 filing history for Mosaic Housing Corp Xvi Farmington showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mosaic Housing Corp Xvi Farmington's revenue has declined by 3.7%, moving from $61K to $59K. Total assets decreased by 35.2% over the same period, from $1.6M to $1.0M. Total functional expenses rose by 26.9%, from $80K to $101K. In its most recent filing year (2023), Mosaic Housing Corp Xvi Farmington reported a deficit of $42K, with expenses exceeding revenue. The organization holds $13K in liabilities against $1.0M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59K | $101K | $1.0M | $13K | — | View 990 |
| 2022 | $59K | $104K | $1.1M | $21K | — | View 990 |
| 2021 | $57K | $103K | $1.1M | $13K | — | — |
| 2020 | $55K | $98K | $1.2M | $13K | — | View 990 |
| 2019 | $52K | $97K | $1.2M | $18K | — | View 990 |
| 2018 | $55K | $101K | $1.3M | $21K | — | View 990 |
| 2017 | $50K | $100K | $1.3M | $22K | — | View 990 |
| 2016 | $52K | $111K | $1.4M | $23K | — | View 990 |
| 2015 | $47K | $91K | $1.4M | $15K | — | View 990 |
| 2014 | $46K | $89K | $1.5M | $18K | — | View 990 |
| 2013 | $43K | $104K | $1.5M | $21K | — | View 990 |
| 2012 | $48K | $82K | $1.6M | $10K | — | View 990 |
| 2011 | $61K | $80K | $1.6M | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $59K, expenses of $101K, and assets of $1.0M (revenue -0.8% year-over-year).
- 2022: Revenue of $59K, expenses of $104K, and assets of $1.1M (revenue +3.5% year-over-year).
- 2021: Revenue of $57K, expenses of $103K, and assets of $1.1M (revenue +4.3% year-over-year).
- 2020: Revenue of $55K, expenses of $98K, and assets of $1.2M (revenue +6.1% year-over-year).
- 2019: Revenue of $52K, expenses of $97K, and assets of $1.2M (revenue -5.4% year-over-year).
- 2018: Revenue of $55K, expenses of $101K, and assets of $1.3M (revenue +10.0% year-over-year).
- 2017: Revenue of $50K, expenses of $100K, and assets of $1.3M (revenue -3.4% year-over-year).
- 2016: Revenue of $52K, expenses of $111K, and assets of $1.4M (revenue +10.3% year-over-year).
- 2015: Revenue of $47K, expenses of $91K, and assets of $1.4M (revenue +1.8% year-over-year).
- 2014: Revenue of $46K, expenses of $89K, and assets of $1.5M (revenue +6.0% year-over-year).
- 2013: Revenue of $43K, expenses of $104K, and assets of $1.5M (revenue -9.0% year-over-year).
- 2012: Revenue of $48K, expenses of $82K, and assets of $1.6M (revenue -22.2% year-over-year).
- 2011: Revenue of $61K, expenses of $80K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mosaic Housing Corp Xvi Farmington:
Data Sources and Methodology
This transparency report for Mosaic Housing Corp Xvi Farmington 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.