MOSAIC HOUSE MINISTRIES

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

PAUL SAGENDORPH

Phone

8479460052

Tax Period

2024-01-01 to 2024-12-31

MOSAIC HOUSE MINISTRIES, founded in 2015, is a small nonprofit in the Religion sector that reported $510K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $444K left a modest 13% surplus.

Mission

MOSAIC HOUSE MINISTRIES IS A PLACE WHERE PEOPLE GATHER TO EXPERIENCE GOD THROUGH BIBLICAL TEACHING, FELLOWSHIP, EATING TOGETHER, AND PRAYER, AND THEN GO FROM THAT PLACE TO PARTICIPATE IN GOD'S WORK IN OUR COMMUNITY. THESE MOVEMENTS OF GATHERING AND GOING ARE FACILITATED BY A GROUP OF CHRISTIANS WHO LIVE TOGETHER AS A BELOVED COMMUNITY IN THE MOSAIC HOUSE.

Program Service Accomplishments

Program 1

Expenses: $357,475 Revenue: $61,290

MOSAIC HOUSE AND HUB PROGRAMS - IN ADDITION TO MOSAIC HOUSE, MOSAIC HOUSE MINISTRIES RENOVATED THE FORMER HISTORIC NORTH CHICAGO PUBLIC LIBRARY INTO A TRANSFORMATIONAL GATHRING PLACE TO SHARE LIFE...

MOSAIC HOUSE AND HUB PROGRAMS - IN ADDITION TO MOSAIC HOUSE, MOSAIC HOUSE MINISTRIES RENOVATED THE FORMER HISTORIC NORTH CHICAGO PUBLIC LIBRARY INTO A TRANSFORMATIONAL GATHRING PLACE TO SHARE LIFE AND FELLOWSHIP TOGETHER. THE MOSAIC HUB HONORS THE HISTORIC BUILDING'S LEGACY WITH INTERACTIVE DISPLAYS, ARTISTIC EXPRESSIONS AND HISTORIC MATERIALS. THE MOSAIC HUB IS A PLACE WHERE ALL MEMBERS OF THE COMMUNITY CAN GATHER AND TAKE PART IN ACTIVITIES SUCH AS YOUTH DEVELOPMENT, CREATIVE ARTS, WORSHIP AND PRAYER.

Program 2

Expenses: $42,000 Revenue: $0

GRANTS TO CHURCHES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $448,286

Program Service Revenue $3,744

Investment Income $57,546

Other Revenue $0

TOTAL REVENUE $509,576

Expense Breakdown

Grants Paid $42,000

Salaries & Benefits $191,240

Fundraising Expenses $0

Program Expenses $399,475

Other Expenses $210,398

TOTAL EXPENSES $443,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,576	$411,412	+0.2%
Expenses	$443,638	$327,586	+0.4%
Net Income	$65,938	$83,826	-0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$49,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SAGENDORPH	PRESIDENT	4.00	Officer Director	$0	$0	$0
PAULA CARBALLIDO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
GENICE DANIELS	SECRETARY	2.00	Officer Director	$0	$0	$0
IKE HONG	DIRECTOR	1.00	Director	$0	$0	$0
KARINA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL HARTMAN	EXECUTIVE DIRECTOR	40.00	Director	$35,613	$0	$35,613
ALEXANDRIA MCCRORY	CREATIVE ARTS COORDINATOR	20.00	Director	$14,220	$0	$14,220
SAM ODISHOO	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$509,576	$443,638	$2,465,336	$65,938
2023	$411,412	$327,586	$2,394,827	$83,826
2022	$1,342,425	$202,462	$2,310,667	$1,139,963
2021	$403,279	$76,860	$1,171,217	$326,419
2020	$357,371	$63,239	$843,107	$294,132