Public Charity

MOSAIC DEVELOPMENT GROUP

MOSAIC DEVELOPMENT GROUP is a Public Charity headquartered in DAVIDSON, NC. Financial data from the 2024 filing: $3.4M revenue, $2.5M expenses, $13.8M total assets. 5 publicly reported grants to this organization, totaling roughly $168K, appear in IRS filings.

EIN: 560883684 DAVIDSON, NC Latest filing: 2024
Total Revenue$3.4M
Total Expenses$2.5M
Total Assets$13.8M
Grant Records5
Funding Total$168K
Filing Years2019–2024

Mission

TO ENHANCE COMMUNITIES AND IMPROVE LIVES THROUGH DIVERSE HOUSING AND ECONOMIC DEVELOPMENT SOLUTIONS. MOSAIC BELIEVES THAT HIGH QUALITY HOUSING FOR A VARIETY OF INCOMES IS A CATALYST FOR VIBRANT, HEALTHY COMMUNITIES. THEIR VISION IS THAT EVERYONE HAS ACCESS TO HIGH QUALITY HOUSING, IN THRIVING COMMUNITIES THAT OFFER A VARIETY OF JOBS AND SERVICES.

Where $100 goes at Mosaic Development Group

How Mosaic Development Group divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$93 Programs the work itself
$7 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $93 for programs

$51
In recognition of the growing need for affordable housing throughout north carolina, mosaic initiated a strategic recapitalization to strengthen its ability to expand its development pipeline
55% of program spending
$42
Fernhill apartments (conover, nc
45% of program spending · Reported in the filing: 72 units; 40 units; 124 units
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD CHAIR Cari Jones
BOARD MEMBER David Gitlin
BOARD MEMBER Jeff Staudinger
ACCOUNTING MANAGER Jill V Weaver
SENIOR PROJECT MANAGER Jimmy Royster
BOARD VICE CHAIR Kim Graham

Officer compensation and complete director data available with membership.

Top Grant Purposes

Training & Professional Development
$123,379 4 grants
Environment & Conservation
$45,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.4M $2.5M $13.8M
2023 $2.6M $2.7M $17.6M
2022 $3.2M $2.6M $17.8M
2020 $2.2M $1.5M $11.0M
2019 $3.1M $2.0M $13.1M

Between 2019 and 2024, reported annual revenue grew from $3.1M to $3.4M (+9%), with total assets most recently reported at $13.8M.

Interactive year-over-year charts and full filing details available with membership.

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