Mosaic Illinois Housing I
Mosaic Illinois Housing I consistently operates at a deficit, with liabilities exceeding assets in its latest filing.
EIN: 202997161 · Omaha, NE · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $54K |
| Total Expenses | $97K |
| Program Spending | 70% |
| Net Assets | $-69,033 |
| Transparency Score | 40/100 |
Is Mosaic Illinois Housing I Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mosaic Illinois Housing I directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mosaic Illinois Housing I
Mosaic Illinois Housing I (EIN: 202997161) is a nonprofit organization based in Omaha, NE, classified under NTEE code L22. The organization reported total revenue of $54K and total assets of $661K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mosaic Illinois Housing I's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mosaic Illinois Housing I is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $97K |
| Surplus / Deficit | $-47,771 |
| Total Assets | $694K |
| Total Liabilities | $764K |
| Net Assets | $-69,033 |
| Operating Margin | -97.5% |
| Debt-to-Asset Ratio | 109.9% |
| Months of Reserves | 86.1 months |
Financial Health Grade: C
In 2023, Mosaic Illinois Housing I reported a deficit of $48K with expenses exceeding revenue, holds 86.1 months of operating reserves (strong position), has a debt-to-asset ratio of 109.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mosaic Illinois Housing I's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.9% | +4.4% | -4.7% |
| 2022 | +4.2% | +0.2% | -5.6% |
| 2021 | -52.3% | -5.9% | -5.2% |
| 2020 | +119.5% | +9.5% | -0.1% |
| 2019 | +1.3% | +2.8% | -5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 I with a Mission Score of 40 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 Illinois Housing I 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 $48K, with expenses exceeding revenue.
- Debt-to-asset ratio: 109.9%.
Executive Compensation Analysis
No officer compensation has been reported in any of the provided filings, suggesting either a volunteer leadership structure or that compensation is not disclosed in the standard officer compensation section, which could be a transparency concern for an organization with significant expenses.
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 I's IRS 990 filings:
- Consistent and significant operational deficits (e.g., $47,771 in 2023).
- Negative net asset position in the latest filing ($694,483 assets vs. $763,516 liabilities).
- Steady decline in total assets over the past decade (from $1,034,223 in 2014 to $694,483 in 2023).
- Lack of reported officer compensation despite significant expenses, raising transparency questions.
Strengths
The following positive indicators were identified for Mosaic Illinois Housing I:
- Consistent filing history, indicating compliance with IRS reporting requirements.
Frequently Asked Questions about Mosaic Illinois Housing I
Is Mosaic Illinois Housing I a legitimate charity?
Based on AI analysis of IRS 990 filings, Mosaic Illinois Housing I (EIN: 202997161) significant concerns. Mission Score: 40/100. 4 red flags identified, 1 strength noted.
How does Mosaic Illinois Housing I spend its money?
Mosaic Illinois Housing I directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mosaic Illinois Housing I tax-deductible?
Mosaic Illinois Housing I is registered as a tax-exempt nonprofit (EIN: 202997161). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mosaic Illinois Housing I's spending goes to programs?
Mosaic Illinois Housing I directs 70% to programs, 5% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mosaic Illinois Housing I compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Mosaic Illinois Housing I is near average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mosaic Illinois Housing I located?
Mosaic Illinois Housing I is headquartered in Omaha, Nebraska and files with the IRS under EIN 202997161. It is classified under NTEE code L22.
How many years of IRS 990 filings does Mosaic Illinois Housing I have?
Mosaic Illinois Housing I 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 $54K in total revenue.
How does Mosaic Illinois Housing I cover its consistent operational deficits?
The consistent deficits, such as $47,771 in 2023 ($48,978 revenue vs. $96,749 expenses), suggest the organization is either drawing down assets, relying on loans, or receiving non-revenue contributions not fully captured in the 'revenue' line item to sustain operations.
What is the detailed breakdown of expenses (program, administrative, fundraising) for Mosaic Illinois Housing I?
Without a detailed functional expense statement from the 990, it's impossible to definitively determine the exact breakdown. However, given the NTEE code, a significant portion should ideally be program-related, but the overall financial health raises questions about efficiency.
Why have the organization's assets steadily declined from over $1 million to $694,483 over the past decade?
The consistent operational deficits, where expenses exceed revenue, are likely contributing to the decline in assets as the organization may be liquidating assets or incurring debt to cover its ongoing costs.
What is the long-term sustainability plan for Mosaic Illinois Housing I given its negative net asset position in 2023?
With liabilities ($763,516) exceeding assets ($694,483) in 2023, the organization is technically insolvent. A clear strategy for increasing revenue, reducing expenses, or securing significant capital injections would be necessary for long-term viability.
Filing History
IRS 990 filing history for Mosaic Illinois Housing I showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mosaic Illinois Housing I's revenue has grown by 10.5%, moving from $44K to $49K. Total assets decreased by 39% over the same period, from $1.1M to $694K. Total functional expenses rose by 18.1%, from $82K to $97K. In its most recent filing year (2023), Mosaic Illinois Housing I reported a deficit of $48K, with expenses exceeding revenue. The organization holds $764K in liabilities against $694K in assets (debt-to-asset ratio: 109.9%), resulting in net assets of $-69,033.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $49K | $97K | $694K | $764K | — | — |
| 2022 | $46K | $93K | $729K | $750K | — | — |
| 2021 | $44K | $93K | $772K | $746K | — | — |
| 2020 | $92K | $98K | $814K | $740K | — | — |
| 2019 | $42K | $90K | $815K | $735K | — | View 990 |
| 2018 | $41K | $87K | $862K | $734K | — | View 990 |
| 2017 | $42K | $84K | $907K | $733K | — | View 990 |
| 2016 | $45K | $87K | $952K | $736K | — | View 990 |
| 2015 | $45K | $89K | $992K | $734K | — | View 990 |
| 2014 | $45K | $81K | $1.0M | $733K | — | View 990 |
| 2013 | $43K | $77K | $1.1M | $733K | — | View 990 |
| 2012 | $44K | $79K | $1.1M | $732K | — | View 990 |
| 2011 | $44K | $82K | $1.1M | $732K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $49K, expenses of $97K, and assets of $694K (revenue +6.9% year-over-year).
- 2022: Revenue of $46K, expenses of $93K, and assets of $729K (revenue +4.2% year-over-year).
- 2021: Revenue of $44K, expenses of $93K, and assets of $772K (revenue -52.3% year-over-year).
- 2020: Revenue of $92K, expenses of $98K, and assets of $814K (revenue +119.5% year-over-year).
- 2019: Revenue of $42K, expenses of $90K, and assets of $815K (revenue +1.3% year-over-year).
- 2018: Revenue of $41K, expenses of $87K, and assets of $862K (revenue -1.6% year-over-year).
- 2017: Revenue of $42K, expenses of $84K, and assets of $907K (revenue -5.8% year-over-year).
- 2016: Revenue of $45K, expenses of $87K, and assets of $952K (revenue -1.5% year-over-year).
- 2015: Revenue of $45K, expenses of $89K, and assets of $992K (revenue +1.5% year-over-year).
- 2014: Revenue of $45K, expenses of $81K, and assets of $1.0M (revenue +3.7% year-over-year).
- 2013: Revenue of $43K, expenses of $77K, and assets of $1.1M (revenue -2.6% year-over-year).
- 2012: Revenue of $44K, expenses of $79K, and assets of $1.1M (revenue +-0.0% year-over-year).
- 2011: Revenue of $44K, expenses of $82K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mosaic Illinois Housing I:
Data Sources and Methodology
This transparency report for Mosaic Illinois Housing I 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.