Mosaic Community Development
- Assets
- $5.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Omaha, NE
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 47-0842143
Organization Overview
Mosaic Community Development, operating under the name Incommon Community Development, is located in Omaha, NE. The organization was established in 2003. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Incommon Community Development employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Incommon Community Development is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Incommon Community Development generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $604.0k during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALLEVIATE POVERTY BY UNITING AND STRENGTHENING VULNERABLE NEIGHBORHOODS.
Describe the Organization's Program Activity:
INDIVIDUAL DEVELOPMENT - INCOMMON PARTNERS WITH NEIGHBORS TO INCREASE EMPLOYMENT SUCCESS AND ECONOMIC SELF-SUFFICIENCY THROUGH EDUCATION, LANGUAGE CLASSES, JOB READINESS CLASSES, AND FINANCIAL WORKSHOPS. IN 2022, 144 INDIVIDUALS PARTICIPATED IN AN INDIVIDUAL DEVELOPMENT PROGRAM SUCH AS GED, ESL, FINANCIAL EDUCATION, AND ONE-ON-ONE EMPLOYMENT COACHING. THROUGH THESE PROGRAMS, 8 NEIGHBORS BECAME US CITIZENS, AND NEARLY 70% OF PARTICIPANTS MADE PROGRESS TOWARD THEIR ECONOMIC AND EMPLOYMENT GOALS.
NEIGHBORHOOD DEVELOPMENT - 2022 WAS A FLAGSHIP YEAR FOR INCOMMON'S NEIGHBORHOOD DEVELOPMENT EFFORTS, AS THE ORGANIZATION CELEBRATED THE GRAND OPENING OF A SECOND COMMUNITY CENTER (THE WALNUT HILL COMMONS), INAUGURATED THE WALNUT HILL NEIGHBORHOOD PLANNING PROCESS, BEGAN CONSTRUCTION ON 75-UNITS OF AFFORDABLE HOUSING, AND LAUNCHED A NEW NON-PROFIT, INCOMMON HOUSING DEVELOPMENT. IN ADDITION, 2022 SHOWED POWERFUL RESULTS FROM INCOMMON'S LONG-TERM INVESTMENT IN PARK AVENUE: VIOLENT CRIME HAS DECREASED 11%, GRADUATION RATES HAVE INCREASED 15%, AND POVERTY HAS DECREASED BY 17%!
LEADERSHIP DEVELOPMENT - THE GENERATIONAL IMPACT INCOMMON CELEBRATES IS DUE TO THE HARD WORK AND DEDICATION OF NEIGHBORHOOD LEADERS. INCOMMON WORKS WITH RESIDENTS OF ALL AGES TO IDENTIFY AND FOSTER LEADERSHIP SKILLS THROUGH ASSESSMENT, SURVEYS, COACHING, AND OPPORTUNITIES TO LEAD IN PROGRAMS AND IN THE BROADER COMMUNITY. IN 2022, 15 NEIGHBORS GRADUATED FROM LOCAL LEADER SCHOOL, 14 NEIGHBORHOOD PROJECTS WERE CREATED AND LED BY RESIDENTS, 34 YOUTH PARTICIPATED IN A LEADERSHIP DEVELOPMENT PROGRAM, AND 3 NEIGHBORS JOINED INCOMMON'S STAFF TEAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Phelan President | OfficerTrustee | 2 | $0 |
George Achola Vice President | OfficerTrustee | 2 | $0 |
Michael Beverly Treasurer | OfficerTrustee | 2 | $0 |
Jessica Nockai Secretary | OfficerTrustee | 1 | $0 |
Josh Coates Member | Trustee | 1 | $0 |
Oscar Duran Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,841,826 |
| Noncash contributions included in lines 1a–1f | $48,052 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,841,826 |
| Total Program Service Revenue | $0 |
| Investment income | $16,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$51,519 |
| Net Gain/Loss on Asset Sales | $620,463 |
| Net Income from Fundraising Events | $51,965 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,482,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,364 |
| Compensation of current officers, directors, key employees. | $14,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,709 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,351 |
| Advertising and promotion | $3,167 |
| Office expenses | $7,296 |
| Information technology | $237 |
| Royalties | $0 |
| Occupancy | $13,508 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $420 |
| Interest | $11,833 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,741 |
| Insurance | $12,820 |
| All other expenses | $11,220 |
| Total functional expenses | $604,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,039,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $499,794 |
| Loans from Officers, Directors, or Controlling Persons | $300,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,106 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,223 |
| Net Land, buildings, and equipment | $2,735,820 |
| Investments—publicly traded securities | $72,375 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,400 |
| Other assets | $0 |
| Total assets | $5,681,875 |
| Accounts payable and accrued expenses | $137,949 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $964,279 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,995 |
| Total liabilities | $1,152,223 |
| Net assets without donor restrictions | $3,036,531 |
| Net assets with donor restrictions | $1,493,121 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,681,875 |