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Nonprofiteer
← MOSAIC HOUSING CORP XVII - BEATRICE

Form 990 for tax year 2022

Filed by MOSAIC HOUSING CORP XVII - BEATRICE.

Totals

Total revenue
$107,706
Total expenses
$113,096
Contributions and grants received
$11,065
Grants paid
$0
Program service revenue
$39,738
Investment income
$1,223
Other revenue
$55,680
Total assets, end of year
$1,042,441
Total liabilities, end of year
$64,662
Net assets or fund balances, end of year
$977,779
Program services expenses (Part IX)
$95,683
Management and general expenses
$17,413
Fundraising expenses
$0
Program service expenses (Part III)
$95,683

Program services were 84.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $11,065

  • 2a · Program service revenue: RENTAL INCOME

    total $39,738 · related or exempt $39,738

  • 3 · Investment income

    total $1,223 · excluded $1,223

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $55,680 · related or exempt $55,680

  • 11e · Other revenue, total

    $55,680

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,151 · management and general $3,151

  • 11b · Fees: legal

    total $82 · management and general $82

  • 11c · Fees: accounting

    total $8,526 · management and general $8,526

  • 11g · Fees: other

    total $13,045 · program services $13,045

  • 12 · Advertising and promotion

    total $82 · management and general $82

  • 13 · Office expenses

    total $5,122 · program services $2,712 · management and general $2,410

  • 16 · Occupancy

    total $17,442 · program services $17,442

  • 19 · Conferences, conventions and meetings

    total $205 · management and general $205

  • 20 · Interest

    total $3 · management and general $3

  • 22 · Depreciation, depletion and amortization

    total $55,306 · program services $55,306

  • 23 · Insurance

    total $7,178 · program services $7,178

  • 24a · Other expenses: BAD DEBT

    total $13 · management and general $13

  • 24e · All other expenses

    total $2,941 · management and general $2,941

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,251 · end of year $2,739

  • 4 · Accounts receivable

    beginning of year $6 · end of year $1,989

  • 10a · Land, buildings and equipment: cost or other basis

    $1,664,357

  • 10b · Land, buildings and equipment: accumulated depreciation

    $701,584

  • 10c · Land, buildings and equipment, net

    beginning of year $914,784 · end of year $962,773

  • 15 · Other assets

    beginning of year $74,401 · end of year $74,940

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,266 · end of year $9,915

  • 25 · Other liabilities

    beginning of year $3,007 · end of year $54,747

  • 27 · Net assets without donor restrictions

    beginning of year -$466,031 · end of year -$471,421

  • 28 · Net assets with donor restrictions

    beginning of year $1,449,200 · end of year $1,449,200

Mission and programs · 2022

Mission

THE ORGANIZATION PROVIDES LOW INCOME AFFORDABLE HOUSING UNDER HUD SECTION 811 GUIDELINES.

  • THE ORGANIZATION PROVIDES LOW INCOME HOUSING IN ACCORDANCE WITH HUD SECTION 811 GUIDELINES.

    Expenses $95,683 · Revenue $95,418

As filed on the 2022 return.

Listed in Part VII

  • DEANNA WAGNER

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • BARBARA PETSKA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • JENNIFER DOAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • KRISTIN ROSSOW

    PRESIDENT

    Total calculated
    $240,151
    From this org
    $0
    From related orgs
    $208,948
    Other
    $31,203
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,591 related
    Bonus
    $0 + $23,500 related
    Other
    $0 + $857 related
    Deferred
    $0 + $5,400 related
    Nontaxable benefits
    $0 + $25,803 related
    Filer's total
    $0 + $240,151 related

  • GREG PASKACH

    TREASURER/SECRETARY THRU 07/22

    Total calculated
    $78,330
    From this org
    $0
    From related orgs
    $61,316
    Other
    $17,014
    Hours/week
    0.1 + 39.9 related

  • JULIE ZITTERGRUEN

    TREASURER/SECRETARY

    Total calculated
    $195,551
    From this org
    $0
    From related orgs
    $154,892
    Other
    $40,659
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,163 related
    Bonus
    $0 + $6,000 related
    Other
    $0 + $729 related
    Deferred
    $0 + $4,561 related
    Nontaxable benefits
    $0 + $36,098 related
    Filer's total
    $0 + $195,551 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
KRISTIN ROSSOW IS PAID BY MOSAIC, A RELATED ORGANIZATION. MOSAIC'S BOARD AND COMPENSATION COMMITTEE USE AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, AND A COMPENSATION SURVEY IN ESTABLISHING HER COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202323049349301992

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