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EIN 56-0883684

Mosaic Development Group

IRS 501(c) type
501(c)(3)
Num. employees
7
City
Charlotte
State
North Carolina
Year formed
1966
Most recent tax filings
2022-12-01
NTEE code, primary
L21: Public Housing Facilities
Description
Mosaic develops diverse housing and economic development solutions to enhance communities, with apartments for low and moderate income individuals in NC.
Also known as...
The Affordable Housing Group of North Carolina
Total revenues
$3,157,936
2022
Total expenses
$2,643,732
2022
Total assets
$17,811,638
2022
Num. employees
7
2022

Program areas at Mosaic Development Group

Carolina avenue apartments (82 family apartments in new bern) achieved 100% occupancy and converted to permanent financing. Fernhill (72 family apartments in conover) was awarded an allocation of low income housing tax credits in 2021. Rising costs and covid delays resulted in an additional award of workforce housing loan program (whlp) funding from nchfa along with a commitment to exchange 2021 credits for 2023 credits. Mosaic holds both direct and indirect general partner interests and exercises significant influence over operational and Development activities.
Mosaic wholly owns the interests in kings mill, llc; apple tree of sanford, llc; grandview ridge, llc; and holly haven, llc, which are apartment complexes for low and moderate income individuals pursuant to section 42 of the internal revenue code of 1986 which provide low-income housing tax credits.

Personnel at Mosaic Development Group

NameTitleCompensation
William BolstadExecutive Director$38,333
Jill WeaverAccounting Manager$110,176
Jimmy RoysterProject Manager$114,404
Wendy ChesterProject Manager Team Member$0
Lisa LemosAsset Manager
...and 10 more key personnel

Financials for Mosaic Development Group

RevenuesFYE 12/2022
Total grants, contributions, etc.$516,251
Program services$2,419,917
Investment income and dividends$66,101
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$155,667
Total revenues$3,157,936

Form 990s for Mosaic Development Group

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-10-05990View PDF
2019-122021-03-31990View PDF
2018-122019-10-03990View PDF
...and 8 more Form 990s
Data update history
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 15, 2024
Updated personnel
Identified 2 new personnel
January 1, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donations
General information
Address
4600 Park Rd Suite 390
Charlotte, NC 28209
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Mecklenburg County, NC
Website URL
mosaicdevelopmentgroup.org/ 
Phone
(704) 342-3316
IRS details
EIN
56-0883684
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1966
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L21: Public Housing Facilities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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