Mosaic Apartment Services Inc

Nonprofit profile at a glance

EIN
411857440
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Minneapolis, MN, USA
Phone
6128715800
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Centers to Support the Independence of Specific Populations

Reported finances

Revenue
$140,471
Expenses
$140,139
Assets
$353,389
Liabilities
$28,895

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • SARA WILLIAMS (EXECUTIVE DI)
  • BEN PAUL (SECRETARY/TR)
  • CONNOR MUHONEN (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Social services provided under county contractors

What it reported doing in 2024

Mosaic apartment services provides housing support (hs) to adults with a diagnosis of mental illness. All participants must be residing in hennepin county, Minnesota. Mosaic has a contract with hennepin county to provide services and be an authorized vendor. Services include: -liasion between client and landlord/property management -rent and utility payments -budgeting -shopping -mental health check ins -assistance with accessing other services as indicated -ensuring that client has adequate food -information and referral (i.e. Vocatio0nal services, accessing other allowable providers and services, etc.)

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 82
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.7%; rating input score 92
  • Program expense ratio: 93.4%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 0.2%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 2.52; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 12.7%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 1.5% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 0.1% per year; rating input score 100; 22nd percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 91.7% of revenue deployed · 93.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $131K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.