Mosaic Illinois Housing Ii
Mosaic Illinois Housing II consistently operates at a deficit, with declining assets over the past decade.
EIN: 204417645 · Omaha, NE · NTEE: P73 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $64K |
| Total Expenses | $59K |
| Program Spending | 80% |
| Net Assets | $-245,810 |
| Transparency Score | 65/100 |
Is Mosaic Illinois Housing Ii 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 Ii directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mosaic Illinois Housing Ii
Mosaic Illinois Housing Ii (EIN: 204417645) is a nonprofit organization based in Omaha, NE, classified under NTEE code P73. The organization reported total revenue of $64K and total assets of $383K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mosaic Illinois Housing Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mosaic Illinois Housing Ii 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 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $59K |
| Surplus / Deficit | $-21,867 |
| Total Assets | $381K |
| Total Liabilities | $626K |
| Net Assets | $-245,810 |
| Operating Margin | -58.2% |
| Debt-to-Asset Ratio | 164.6% |
| Months of Reserves | 76.9 months |
Financial Health Grade: C
In 2023, Mosaic Illinois Housing Ii reported a deficit of $22K with expenses exceeding revenue, holds 76.9 months of operating reserves (strong position), has a debt-to-asset ratio of 164.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mosaic Illinois Housing Ii's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | -1.4% | -5.7% |
| 2022 | +6.3% | -0.3% | -6.2% |
| 2021 | +9.6% | +5.0% | -5.3% |
| 2020 | -19.2% | -0.5% | -6.4% |
| 2019 | +24.6% | +9.0% | -4.9% |
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 Ii 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 Illinois Housing Ii 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 $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 164.6%.
Executive Compensation Analysis
There is no officer compensation reported in any of the available filings, indicating that executive leadership may be volunteer-based or compensated through a related entity, which can contribute to lower 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 Illinois Housing Ii's IRS 990 filings:
- Consistent operational deficits, with expenses regularly exceeding revenue (e.g., $59,414 expenses vs. $37,547 revenue in 2023).
- Steady decline in total assets over the past decade, from $619,758 in 2014 to $380,683 in 2023.
- Liabilities consistently exceed assets, indicating a negative net asset position (e.g., $626,493 liabilities vs. $380,683 assets in 2023).
Strengths
The following positive indicators were identified for Mosaic Illinois Housing Ii:
- No reported officer compensation, suggesting efficient use of funds or volunteer leadership.
- Consistent filing history over 13 periods, indicating transparency and compliance with IRS requirements.
Frequently Asked Questions about Mosaic Illinois Housing Ii
Is Mosaic Illinois Housing Ii a legitimate charity?
Based on AI analysis of IRS 990 filings, Mosaic Illinois Housing Ii (EIN: 204417645) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Mosaic Illinois Housing Ii spend its money?
Mosaic Illinois Housing Ii directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mosaic Illinois Housing Ii tax-deductible?
Mosaic Illinois Housing Ii is registered as a tax-exempt nonprofit (EIN: 204417645). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mosaic Illinois Housing Ii's spending goes to programs?
Mosaic Illinois Housing Ii directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mosaic Illinois Housing Ii compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mosaic Illinois Housing Ii 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 Illinois Housing Ii located?
Mosaic Illinois Housing Ii is headquartered in Omaha, Nebraska and files with the IRS under EIN 204417645. It is classified under NTEE code P73.
How many years of IRS 990 filings does Mosaic Illinois Housing Ii have?
Mosaic Illinois Housing Ii 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 $64K in total revenue.
What is the source of funding that covers the consistent operational deficits?
The filings consistently show expenses exceeding revenue (e.g., $59,414 expenses vs. $37,547 revenue in 2023). Understanding how these deficits are covered (e.g., through principal organization support, grants not classified as revenue, or asset drawdowns) is crucial for assessing long-term sustainability.
Why have the organization's assets steadily declined over the past decade?
Assets have decreased from $619,758 in 2014 to $380,683 in 2023. This trend, coupled with consistent operational deficits, raises questions about the long-term financial health and asset management strategy of the organization.
What is the nature of the liabilities, which have remained relatively stable despite declining assets?
Liabilities have hovered around $620,000-$670,000 over the past decade. Understanding the composition of these liabilities (e.g., mortgages, program-related investments) is important, especially in light of declining assets and consistent deficits.
How does the organization manage its housing properties and related expenses?
Given its NTEE code P73 (Housing for the Elderly, Handicapped, or Poor), a significant portion of expenses would likely be related to property maintenance, utilities, and direct housing support. A detailed breakdown of these program expenses would provide better insight into efficiency.
Filing History
IRS 990 filing history for Mosaic Illinois Housing Ii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mosaic Illinois Housing Ii's revenue has grown by 15%, moving from $33K to $38K. Total assets decreased by 45.9% over the same period, from $703K to $381K. Total functional expenses rose by 45%, from $41K to $59K. In its most recent filing year (2023), Mosaic Illinois Housing Ii reported a deficit of $22K, with expenses exceeding revenue. The organization holds $626K in liabilities against $381K in assets (debt-to-asset ratio: 164.6%), resulting in net assets of $-245,810.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $59K | $381K | $626K | — | View 990 |
| 2022 | $39K | $60K | $404K | $628K | — | View 990 |
| 2021 | $36K | $60K | $430K | $632K | — | — |
| 2020 | $33K | $58K | $454K | $632K | — | View 990 |
| 2019 | $41K | $58K | $485K | $639K | — | View 990 |
| 2018 | $33K | $53K | $510K | $647K | — | View 990 |
| 2017 | $34K | $55K | $536K | $653K | — | View 990 |
| 2016 | $34K | $55K | $564K | $659K | — | View 990 |
| 2015 | $33K | $53K | $594K | $668K | — | View 990 |
| 2014 | $34K | $53K | $620K | $674K | — | View 990 |
| 2013 | $33K | $52K | $651K | $686K | — | View 990 |
| 2012 | $34K | $55K | $675K | $692K | — | View 990 |
| 2011 | $33K | $41K | $703K | $699K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $59K, and assets of $381K (revenue -2.7% year-over-year).
- 2022: Revenue of $39K, expenses of $60K, and assets of $404K (revenue +6.3% year-over-year).
- 2021: Revenue of $36K, expenses of $60K, and assets of $430K (revenue +9.6% year-over-year).
- 2020: Revenue of $33K, expenses of $58K, and assets of $454K (revenue -19.2% year-over-year).
- 2019: Revenue of $41K, expenses of $58K, and assets of $485K (revenue +24.6% year-over-year).
- 2018: Revenue of $33K, expenses of $53K, and assets of $510K (revenue -2.5% year-over-year).
- 2017: Revenue of $34K, expenses of $55K, and assets of $536K (revenue -0.3% year-over-year).
- 2016: Revenue of $34K, expenses of $55K, and assets of $564K (revenue +1.5% year-over-year).
- 2015: Revenue of $33K, expenses of $53K, and assets of $594K (revenue -0.5% year-over-year).
- 2014: Revenue of $34K, expenses of $53K, and assets of $620K (revenue +1.5% year-over-year).
- 2013: Revenue of $33K, expenses of $52K, and assets of $651K (revenue -2.6% year-over-year).
- 2012: Revenue of $34K, expenses of $55K, and assets of $675K (revenue +3.8% year-over-year).
- 2011: Revenue of $33K, expenses of $41K, and assets of $703K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mosaic Illinois Housing Ii:
Data Sources and Methodology
This transparency report for Mosaic Illinois Housing Ii 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.