Mosaic House Ministries
- Assets
- $2.4m
- Revenue
- $411.4k
- Investments
- $0.0
- Employees
- 10
- Location
- North Chicago, IL
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 47-5437860
Organization Overview
Mosaic House Ministries is located in North Chicago, IL. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Mosaic House Ministries employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mosaic House Ministries 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 12/2023, Mosaic House Ministries generated $411.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $327.6k during the year ending 12/2023. While expenses have increased by 24.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DAILY AND WEEKLY RHYTHMS OF COMMUNITY PRAYER AND SHARED MEALS. CURRENTLY, MOSAIC HOUSE MINISTRIES IS ACCEPTING APPLICATIONS FROM SINGLE MEN DESIRE TO GROW IN THE UNDERSTANDING AND PRACTICE OF THE BIBLICAL MINISTRY OF RECONCILIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOSAIC HOUSE AND HUB PROGRAMS - IN ADDITION TO MOSAIC HOUSE, MOSAIC HOUSE MINISTRIES IS RENOVATING THE FORMER HISTORIC NORTH CHICAGO PUBLIC LIBRARY INTO A TRANSFORMATIONAL GATHRING PLACE TO SHARE LIFE AND FELLOWSHIP TOGETHER. THE MOSAIC HUB WILL HONOR THE HISTORIC BUILDING'S LEGACY WITH INTERACTIVE DISPLAYS, ARTISTIC EXPRESSIONS AND HISTORIC MATERIALS. THE MOSAIC HUB WILL BE A PLACE WHERE ALL MEMBERS OF THE COMMUNITY CAN GATHER AND TAKE PART IN ACTIVITIES SUCH AS YOUTH DEVELOPMENT, CREATIVE ARTS, WORSHIP AND PRAYER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Sagendorph President | OfficerTrustee | 4 | $0 |
Paula Carballido Vice President | OfficerTrustee | 2 | $0 |
Robert Smith Treasurer | OfficerTrustee | 2 | $0 |
Genice Daniels Secretary | OfficerTrustee | 2 | $0 |
Ike Hong Director | Trustee | 1 | $0 |
Fellipe DO Vale Director | 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 | $346,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,340 |
| Total Program Service Revenue | $17,258 |
| Investment income | $47,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,412 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,738 |
| Payroll taxes | $14,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,039 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,184 |
| Insurance | $5,450 |
| All other expenses | $17,812 |
| Total functional expenses | $327,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,662 |
| Savings and temporary cash investments | $1,084,132 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,030,033 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,394,827 |
| Accounts payable and accrued expenses | $1,533 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,533 |
| Net assets without donor restrictions | $1,499,582 |
| Net assets with donor restrictions | $893,712 |
| 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 | $2,394,827 |