Mosaic Development Group INC
Builds housing and economic opportunities to create vibrant, healthy communities for everyone. For fiscal year 2024 it reported $3.4M in revenue, $2.5M in expenses, and $10.3M in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Nonprofit
- Location
- Davidson, NC
- Website
- mosaicdevelopmentgroup.org
- Filings
- 5 on file (2020–2024)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
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.
Fernhill Apartments (conover, Nc
72 family units) was completed, placed in service, and stabilized during the year. The property transitioned to normal operations, providing high-quality, affordable housing for working families in the region.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| William Bolstad | $196,707 | $157,333 | $38,333 | — | — |
| Kathleen O Stilwell | — | — | $150,220 | $142,112 | $136,562 |
| Jimmy Royster | $148,436 | $122,992 | $114,404 | — | — |
| Jill V Weaver | $141,557 | $115,178 | $110,176 | — | — |
| Lisa Lemos | $118,855 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 93% | — | — |
| Overhead ratio | 5% | — | — |
| Fundraising cost ratio | 113% | — | — |
| Revenue growth | 30% | — | — |
| Legal fee ratio | 0.9% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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