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Nonprofiteer
← MOSAIC HOUSING CORP XII

Form 990 for tax year 2023

Filed by MOSAIC HOUSING CORP XII.

Totals

Total revenue
$68,885
Total expenses
$149,253
Contributions and grants received
$23,926
Grants paid
$0
Program service revenue
$43,936
Investment income
$753
Other revenue
$270
Total assets, end of year
$672,959
Total liabilities, end of year
$76,800
Net assets or fund balances, end of year
$596,159
Program services expenses (Part IX)
$124,683
Management and general expenses
$24,570
Fundraising expenses
$0
Program service expenses (Part III)
$124,683

Program services were 83.5% 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

    $3,000

  • 1e · Government grants (contributions)

    $20,926

  • 2a · Program service revenue: RENTAL INCOME

    total $43,936 · related or exempt $43,936

  • 3 · Investment income

    total $753 · excluded $753

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $270 · related or exempt $270

  • 11e · Other revenue, total

    $270

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $6,760 · management and general $6,760

  • 11b · Fees: legal

    total $85 · management and general $85

  • 11c · Fees: accounting

    total $11,460 · management and general $11,460

  • 11g · Fees: other

    total $23,363 · program services $23,363

  • 13 · Office expenses

    total $5,759 · program services $3,349 · management and general $2,410

  • 16 · Occupancy

    total $39,517 · program services $39,517

  • 20 · Interest

    total $18 · management and general $18

  • 22 · Depreciation, depletion and amortization

    total $54,346 · program services $54,346

  • 23 · Insurance

    total $4,108 · program services $4,108

  • 24a · Other expenses: BANK FEES

    total $1,882 · management and general $1,882

  • 24b · Other expenses: BACKGROUND CHECKS

    total $1,308 · management and general $1,308

  • 24c · Other expenses: BAD DEBT

    total $489 · management and general $489

  • 24d · Other expenses: DUES & MEMBERSHIPS

    total $158 · management and general $158

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,912 · end of year $5,503

  • 3 · Pledges and grants receivable

    beginning of year $108 · end of year $887

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

    $1,503,905

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

    $854,481

  • 10c · Land, buildings and equipment, net

    beginning of year $697,659 · end of year $649,424

  • 15 · Other assets

    beginning of year $34,592 · end of year $17,145

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,136 · end of year $17,937

  • 25 · Other liabilities

    beginning of year $46,608 · end of year $58,863

  • 27 · Net assets without donor restrictions

    beginning of year -$314,873 · end of year -$395,241

  • 28 · Net assets with donor restrictions

    beginning of year $991,400 · end of year $991,400

Mission and programs · 2023

Mission

THE ORGANIZATION PROVIDES LOW INCOME HOUSING TO THE DISABLED UNDER SECTION 811 GUIDELINES ESTABLISHED BY THE U.S. DEPARTMENT OF HUD.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES LOW INCOME HOUSING TO THE DISABLED.

  • THE ORGANIZATION PROVIDES LOW INCOME HOUSING TO THE DISABLED UNDER SECTION 811 GUIDELINES ESTABLISHED BY THE U.S. DEPARTMENT OF HUD.

    Expenses $124,683 · Revenue $44,206

As filed on the 2023 return.

Listed in Part VII

  • Deanna Wagner

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • Jennifer Doan

    VICE-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • Jeri Sole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • Kristin Rossow

    PRESIDENT

    Total calculated
    $236,820
    From this org
    $0
    From related orgs
    $209,924
    Other
    $26,896
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,518 related
    Bonus
    $0 + $19,406 related
    Other
    $0
    Deferred
    $0 + $5,560 related
    Nontaxable benefits
    $0 + $21,336 related
    Filer's total
    $0 + $236,820 related

  • Julie Zittergruen

    TREASURER/SECRETARY

    Total calculated
    $192,733
    From this org
    $0
    From related orgs
    $166,675
    Other
    $26,058
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,023 related
    Bonus
    $0 + $15,652 related
    Other
    $0
    Deferred
    $0 + $4,722 related
    Nontaxable benefits
    $0 + $21,336 related
    Filer's total
    $0 + $192,733 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
THE SALARIES OF KRISTIN ROSSOW AND JULIE ZITTERGRUEN ARE PAID FROM A RELATED ORGANIZATION, MOSAIC. A THIRD PARTY CONSULTANT IS USED TO ESTABLISH EXECUTIVE COMPENSATION. TO GATHER SALARY DATA PERTAINING TO THE REST OF THE ORGANIZATION, WE USE A VARIETY OF SURVEYS WHICH ARE CONDUCTED BY THIRD PARTIES AND SALARY BENCHMARKING TOOLS WHICH ARE DEVELOPED AND MAINTAINED BY THIRD PARTIES. WE THEN AGGREGATE AND ANALYZE THAT DATA INTERNALLY TO ESTABLISH 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.

  • MOSAIC RESIDENTIAL SERVICES OF NEBRASKA LLC

    LOW INCOME HOUSING · NE

Related corporations and trusts

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

  • EASE-E MEDICAL INC

    C · SALE OF MEDICAL EQUIPMENT AND SUPPLIES · NE

  • MOSAIC HOUSING CORPORATION V

    C · LOW INCOME HOUSING · NE

  • BICO

    C · CAPTIVE INSURANCE · BD

  • CHARITABLE REMAINDER TRUSTS (5)

    T · INVESTMENT MANAGEMENT · NE

Provenance

Return type
form_990
Tax year
2023
Filed
3 February 2025
IRS schema version
2023v6.0
Source object
202510349349301521

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