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← MOSAIC HOUSING CORP XVIII - OSCEOLA-WAUKON

Form 990 for tax year 2023

Filed by MOSAIC HOUSING CORP XVIII - OSCEOLA-WAUKON.

Totals

Total revenue
$52,657
Total expenses
$163,488
Contributions and grants received
$27,475
Grants paid
$0
Program service revenue
$24,003
Investment income
$1,179
Other revenue
$0
Total assets, end of year
$866,090
Total liabilities, end of year
$57,311
Net assets or fund balances, end of year
$808,779
Program services expenses (Part IX)
$143,358
Management and general expenses
$20,130
Fundraising expenses
$0
Program service expenses (Part III)
$143,358

Program services were 87.7% 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

    $19,900

  • 1e · Government grants (contributions)

    $7,575

  • 2a · Program service revenue: RENTAL ACTIVITY

    total $24,003 · related or exempt $24,003

  • 3 · Investment income

    total $1,179 · excluded $1,179

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,176 · management and general $3,176

  • 11b · Fees: legal

    total $171 · management and general $171

  • 11c · Fees: accounting

    total $11,244 · management and general $11,244

  • 11g · Fees: other

    total $37,004 · program services $37,004

  • 12 · Advertising and promotion

    total $50 · management and general $50

  • 13 · Office expenses

    total $4,521 · program services $2,310 · management and general $2,211

  • 16 · Occupancy

    total $30,749 · program services $30,749

  • 20 · Interest

    total $9 · management and general $9

  • 22 · Depreciation, depletion and amortization

    total $67,452 · program services $67,452

  • 23 · Insurance

    total $5,843 · program services $5,843

  • 24a · Other expenses: BAD DEBT

    total $475 · management and general $475

  • 24e · All other expenses

    total $2,794 · management and general $2,794

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,017 · end of year $1,947

  • 4 · Accounts receivable

    beginning of year $2,522 · end of year $2,247

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

    $1,789,323

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

    $951,478

  • 10c · Land, buildings and equipment, net

    beginning of year $905,297 · end of year $837,845

  • 15 · Other assets

    beginning of year $53,167 · end of year $24,051

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,956 · end of year $25,083

  • 25 · Other liabilities

    beginning of year $25,437 · end of year $32,228

  • 27 · Net assets without donor restrictions

    beginning of year -$694,890 · end of year -$805,721

  • 28 · Net assets with donor restrictions

    beginning of year $1,614,500 · end of year $1,614,500

Mission and programs · 2023

Mission

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

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

    Expenses $143,358 · Revenue $24,003

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

    SECRETARY/TREASURER

    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 SUPPLIES & EQUIPMENT · 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
202520349349301652

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