Mosaic Illinois Housing At Rockfordi
Mosaic Illinois Housing At Rockfordi faces consistent operating deficits and declining assets.
EIN: 204841856 · Omaha, NE · NTEE: F30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $160K |
| Program Spending | 80% |
| Net Assets | $2K |
| Transparency Score | 55/100 |
Is Mosaic Illinois Housing At Rockfordi Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mosaic Illinois Housing At Rockfordi directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mosaic Illinois Housing At Rockfordi
Mosaic Illinois Housing At Rockfordi (EIN: 204841856) is a nonprofit organization based in Omaha, NE, classified under NTEE code F30. The organization reported total revenue of $61K and total assets of $542K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mosaic Illinois Housing At Rockfordi's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mosaic Illinois Housing At Rockfordi 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 -14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $160K |
| Surplus / Deficit | $-100,972 |
| Total Assets | $627K |
| Total Liabilities | $626K |
| Net Assets | $2K |
| Operating Margin | -171.5% |
| Debt-to-Asset Ratio | 99.7% |
| Months of Reserves | 47.1 months |
Financial Health Grade: C
In 2023, Mosaic Illinois Housing At Rockfordi reported a deficit of $101K with expenses exceeding revenue, holds 47.1 months of operating reserves (strong position), has a debt-to-asset ratio of 99.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mosaic Illinois Housing At Rockfordi's revenue has declined at a compound annual growth rate (CAGR) of -14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.4% | +2.4% | -11.3% |
| 2022 | +44.2% | +4.4% | -11.9% |
| 2021 | -18.9% | -4.3% | -10.3% |
| 2020 | +17.0% | -0.6% | -9.4% |
| 2019 | -32.7% | -5.3% | -9.9% |
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 Illinois Housing At Rockfordi 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mosaic Illinois Housing At Rockfordi 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 $101K, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is a strong positive for minimizing overhead and maximizing resources for the mission.
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 Illinois Housing At Rockfordi's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $100,972 deficit in 2023).
- Steady decline in total assets over the past decade (from $1,364,829 in 2014 to $627,412 in 2023).
- Liabilities remain high relative to declining assets, indicating increasing financial risk.
Strengths
The following positive indicators were identified for Mosaic Illinois Housing At Rockfordi:
- No officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Focus on housing development and management (NTEE F30) suggests a clear program mission.
Frequently Asked Questions about Mosaic Illinois Housing At Rockfordi
Is Mosaic Illinois Housing At Rockfordi a legitimate charity?
Based on AI analysis of IRS 990 filings, Mosaic Illinois Housing At Rockfordi (EIN: 204841856) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does Mosaic Illinois Housing At Rockfordi spend its money?
Mosaic Illinois Housing At Rockfordi directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mosaic Illinois Housing At Rockfordi tax-deductible?
Mosaic Illinois Housing At Rockfordi is registered as a tax-exempt nonprofit (EIN: 204841856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mosaic Illinois Housing At Rockfordi's spending goes to programs?
Mosaic Illinois Housing At Rockfordi directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mosaic Illinois Housing At Rockfordi compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Mosaic Illinois Housing At Rockfordi is near average for NTEE category F30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mosaic Illinois Housing At Rockfordi located?
Mosaic Illinois Housing At Rockfordi is headquartered in Omaha, Nebraska and files with the IRS under EIN 204841856. It is classified under NTEE code F30.
How many years of IRS 990 filings does Mosaic Illinois Housing At Rockfordi have?
Mosaic Illinois Housing At Rockfordi 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 $61K in total revenue.
Is Mosaic Illinois Housing At Rockfordi financially sustainable?
Based on the consistent and significant operating deficits (e.g., $58,873 revenue vs. $159,845 expenses in 2023) and the steady decline in assets over the past decade, the organization's current financial model appears unsustainable in the long term without substantial changes to revenue generation or expense management.
What is the primary source of funding for the organization?
The provided data does not specify the primary source of funding. Given the consistent deficits, it's likely relying on a combination of grants, donations, and potentially drawing down on its existing assets, which have significantly decreased over time.
How does the organization cover its consistent operating deficits?
The organization appears to be covering its deficits by drawing down on its assets, which have decreased from over $1.3 million in 2014 to $627,412 in 2023. This is not a sustainable long-term strategy.
Filing History
IRS 990 filing history for Mosaic Illinois Housing At Rockfordi showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mosaic Illinois Housing At Rockfordi's revenue has declined by 85.5%, moving from $407K to $59K. Total assets decreased by 62.5% over the same period, from $1.7M to $627K. Total functional expenses rose by 30.6%, from $122K to $160K. In its most recent filing year (2023), Mosaic Illinois Housing At Rockfordi reported a deficit of $101K, with expenses exceeding revenue. The organization holds $626K in liabilities against $627K in assets (debt-to-asset ratio: 99.7%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59K | $160K | $627K | $626K | — | — |
| 2022 | $78K | $156K | $708K | $605K | — | — |
| 2021 | $54K | $150K | $803K | $622K | — | — |
| 2020 | $67K | $156K | $895K | $619K | — | — |
| 2019 | $57K | $157K | $988K | $621K | — | View 990 |
| 2018 | $85K | $166K | $1.1M | $630K | — | View 990 |
| 2017 | $105K | $149K | $1.2M | $639K | — | View 990 |
| 2016 | $91K | $158K | $1.2M | $634K | — | View 990 |
| 2015 | $88K | $153K | $1.3M | $635K | — | View 990 |
| 2014 | $88K | $139K | $1.4M | $641K | — | View 990 |
| 2013 | $129K | $133K | $1.4M | $658K | — | View 990 |
| 2012 | $-17,622 | $146K | $1.4M | $649K | — | View 990 |
| 2011 | $407K | $122K | $1.7M | $729K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $59K, expenses of $160K, and assets of $627K (revenue -24.4% year-over-year).
- 2022: Revenue of $78K, expenses of $156K, and assets of $708K (revenue +44.2% year-over-year).
- 2021: Revenue of $54K, expenses of $150K, and assets of $803K (revenue -18.9% year-over-year).
- 2020: Revenue of $67K, expenses of $156K, and assets of $895K (revenue +17.0% year-over-year).
- 2019: Revenue of $57K, expenses of $157K, and assets of $988K (revenue -32.7% year-over-year).
- 2018: Revenue of $85K, expenses of $166K, and assets of $1.1M (revenue -19.2% year-over-year).
- 2017: Revenue of $105K, expenses of $149K, and assets of $1.2M (revenue +14.6% year-over-year).
- 2016: Revenue of $91K, expenses of $158K, and assets of $1.2M (revenue +3.8% year-over-year).
- 2015: Revenue of $88K, expenses of $153K, and assets of $1.3M (revenue +0.2% year-over-year).
- 2014: Revenue of $88K, expenses of $139K, and assets of $1.4M (revenue -31.9% year-over-year).
- 2013: Revenue of $129K, expenses of $133K, and assets of $1.4M.
- 2012: Revenue of $-17,622, expenses of $146K, and assets of $1.4M (revenue -104.3% year-over-year).
- 2011: Revenue of $407K, expenses of $122K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mosaic Illinois Housing At Rockfordi:
Data Sources and Methodology
This transparency report for Mosaic Illinois Housing At Rockfordi 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.