2024-11-15T15:01:20-06:00 2023-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-01-01 560883684 MOSAIC DEVELOPMENT GROUP MOSA 7043423316 445 S MAIN STREET SUITE 400 DAVIDSON NC 28036 WILLIAM BOLSTAD EXECUTIVE DIRECTOR 7043423316 2024-11-13 1 0 IRISH THURSTON P01662190 3362944494 2024-11-13 2023 2024-10-15 13:58:12Z X WILLIAM BOLSTAD 445 S MAIN STREET SUITE 400 DAVIDSON NC 28036 2611828 0 X MOSAICDEVELOPMENTGROUP.ORG X 1966 NC TO ENHANCE COMMUNITIES AND IMPROVE LIVES THROUGH DIVERSE HOUSING AND ECONOMIC DEVELOPMENT SOLUTIONS. MOSAIC BELIEVES THAT HIGH QUALITY HOUSING FOR A VARIETY OF INCOMES IS A CATALYST FOR VIBRANT, HEALTHY COMMUNITIES. THEIR VISION IS THAT EVERYONE HAS ACCESS TO HIGH QUALITY HOUSING, IN THRIVING COMMUNITIES THAT OFFER A VARIETY OF JOBS AND SERVICES. 12 12 6 12 0 0 516251 31001 2419917 2436020 66101 105213 155667 39594 3157936 2611828 0 0 0 0 718259 799196 0 0 0 1925473 1886280 2643732 2685476 514204 -73648 17811638 17585293 8159813 8057274 9651825 9528019 X TO ENHANCE COMMUNITIES AND IMPROVE LIVES THROUGH DIVERSE HOUSING AND ECONOMIC DEVELOPMENT SOLUTIONS. MOSAIC BELIEVES THAT HIGH QUALITY HOUSING FOR A VARIETY OF INCOMES IS A CATALYST FOR VIBRANT, HEALTHY COMMUNITIES. THEIR VISION IS THAT EVERYONE HAS ACCESS TO HIGH QUALITY HOUSING, IN THRIVING COMMUNITIES THAT OFFER A VARIETY OF JOBS AND SERVICES. 0 0 1136482 1147437 FERNHILL (72 FAMILY APARTMENTS IN CONOVER) COMMENCED CONSTRUCTION IN APRIL OF 2023. MOSAIC HOLDS BOTH DIRECT AND INDIRECT GENERAL PARTNER INTERESTS AND EXERCISES SIGNIFICANT INFLUENCE OVER OPERATIONAL AND DEVELOPMENT ACTIVITIES. COMPLETION WAS EXPECTED IN SECOND OR THIRD QUARTER OF 2024. ORCHARD POINT APARTMENTS, A RE-SYNDICATION OF THE FORMER APPLE TREE APARTMENTS IN SANFORD, NC, RECEIVED AN AWARD OF LOW INCOME HOUSING TAX CREDITS (LIHTC) IN AUGUST OF 2023. REHABILITATION OF THE 40-UNIT FAMILY PROPERTY WAS PROJECTED TO COMMENCE NEAR THE MIDDLE OF 2024. A PRELIMINARY APPLICATION FOR TAX EXEMPT BONDS AND 4% LIHTC'S FOR A 124-UNIT FAMILY PROJECT LOCATED AT 902 S. BRIGGS AVENUE IN DURHAM, NC WAS SUBMITTED IN SEPTEMBER OF 2023. THE FINAL APPLICATION WAS DUE IN JANUARY OF 2024. 1371727 1328177 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. 2508209 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 7 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JILL WEAVER 7043423316 445 S MAIN STREET SUITE 400 DAVIDSON NC 28036 CARI JONES BOARD CHAIR 2.00 X X 0 0 0 KIM GRAHAM BOARD VICE CHAIR 1.00 X X 0 0 0 TAMMIE RHODES BOARD TREASURER 1.00 X X 0 0 0 MARY RECA TODD BOARD SECRETARY 1.00 X X 0 0 0 VERONICA CLEMMONS BOARD MEMBER 1.00 X 0 0 0 DAVID GITLIN BOARD MEMBER 1.00 X 0 0 0 KORY JETER BOARD MEMBER 1.00 X 0 0 0 SHERYL FORTUNE BOARD MEMBER 1.00 X 0 0 0 SHAUN GOLDEN BOARD MEMBER 1.00 X 0 0 0 LATONYA SHOAF BOARD MEMBER 1.00 X 0 0 0 ERIN SMITH BOARD MEMBER 1.00 X 0 0 0 JEFF STAUDINGER BOARD MEMBER 1.00 X 0 0 0 WILLIAM BOLSTAD EXECUTIVE DIRECTOR 50.00 X 157333 0 15633 JILL V WEAVER ACCOUNTING MANAGER 40.00 X 115178 0 20338 JIMMY ROYSTER PROJECT MANAGER 40.00 X 122992 0 13212 395503 0 49183 3 0 1 0 BELLWETHER ENTERPRISE REAL ESTATE CAPITA 434 FAYETTEVILLE ST SUITE 2120 RALEIGH NC 27601 CONSULTING 100625 1 31001 31001 RENTAL INCOME 531110 1318117 1318117 CONSULTING 541610 865712 865712 DEVELOPMENT FEES 531390 252191 252191 2436020 105213 105213 MISCELLANEOUS INCOME 900099 39594 39594 39594 2611828 2475614 0 105213 X 157333 138453 18880 494760 433977 60783 19382 13567 5815 77780 54446 23334 49941 43834 6107 23996 19571 4425 31700 25677 6023 276 276 24624 10899 13725 95979 67185 28794 6504 5951 553 692 692 3826 2678 1148 6400 4480 1920 HOLLY HAVEN LLC OPERATI 374984 374984 GRANDVIEW RIDGE LLC OPE 365217 365217 KINGS MILL LLC OPERATIN 360923 360923 PROJECT EXPENSE 298957 298957 292202 286442 5760 2685476 2508209 177267 0 1294025 338796 1413145 2455395 18272 157641 4666846 4535590 53260 64439 9405262 1103631 8537141 8301631 435 345 1828514 1731456 17811638 17585293 214596 243775 705337 691305 7239880 7122194 8159813 8057274 X 9651825 9528019 9651825 9528019 17811638 17585293 X -73648 -50158 X 0 1 X 1 0 X 490032 93150 530849 516251 31001 1661283 490032 93150 530849 516251 31001 1661283 1661283 128143 64979 65402 66101 105213 429838 2091121 12169930 0.79440 0.82450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 920020 920020 8406442 1059691 7346751 32737 28277 4460 46063 15663 30400 8301631 INTEREST RECEIVABLE 811394 INVESTMENTS - AT EQUITY 69625 MISCELLANEOUS RECEIVABLES 85789 LAND HELD FOR DEVELOPMENT 729350 RIGHT-TO-USE LEASED ASSET 35298 1731456 NOTES PAYABLE 6230111 INTEREST PAYABLE 558574 ADVANCES, AFFILIATES 296996 LEASE LIABILITY 36513 7122194 X 2611828 0 2611828 0 2611828 2685476 0 2685476 0 2685476 PART X, LINE 2: IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. IF APPLICABLE, THE ORGANIZATION REPORTS INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX POSITIONS AS MISCELLANEOUS EXPENSE. X X 0 0 0 0 0 0 0 0 0 WILLIAM BOLSTAD EXECUTIVE DIRECTOR 157333 0 0 0 0 0 0 0 15633 0 172966 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE COMPLETES THE EXECUTIVE DIRECTOR PERFORMANCE APPRAISAL AND DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR BY THE POLLING OF OTHER NOT-FOR-PROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT EACH BOARD MEETING, THE BOARD MEMBERS CONFIRM THAT THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE COMPLETES THE EXECUTIVE DIRECTOR PERFORMANCE APPRAISAL AND DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR BY THE POLLING OF OTHER NOT FOR PROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 24E APPLE TREE OF SANFORD LLC OPERATING EXPENSES: PROGRAM SERVICE EXPENSES 270,603. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 270,603. TELEPHONE & INTERNET: PROGRAM SERVICE EXPENSES 4,911. MANAGEMENT AND GENERAL EXPENSES 2,105. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,016. CONTRACTUAL EXPENSE: PROGRAM SERVICE EXPENSES 3,765. MANAGEMENT AND GENERAL EXPENSES 1,614. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,379. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 3,210. MANAGEMENT AND GENERAL EXPENSES 1,376. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,586. STAFF DEVELOPMENT: PROGRAM SERVICE EXPENSES 2,370. MANAGEMENT AND GENERAL EXPENSES 165. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,535. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 1,070. MANAGEMENT AND GENERAL EXPENSES 260. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,330. BANK FEES: PROGRAM SERVICE EXPENSES 513. MANAGEMENT AND GENERAL EXPENSES 240. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 753. FORM 990, PART XI, LINE 9: DISTRIBUTIONS -50,158. APPLE TREE OF SANFORD LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 562043449 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP BRIGGS AVENUE MANAGER LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 990494305 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP BRIGGS AVENUE LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 990522350 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP GRANDVIEW RIDGE LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 550850855 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP HOLLY HAVEN LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 562249087 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP KINGS MILL LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 562249049 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP MAGNOLIA GARDENS HOUSING OF CHARLOTTE LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 813796217 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP ORCHARD POINT HOUSING LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 933255136 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP COMMUNITY DEVELOPERS OF CHARLOTTE INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 460635146 TO PROVIDE LOW INCOME HOUSING NC 501(C)(3) LINE 10 MOSAIC DEVELOPMENT GROUP 0 COMMUNITY DEVELOPERS OF GRANITE QUARRY INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 581484320 TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY. NC 501(C)(3) LINE 10 MOSAIC DEVELOPMENT GROUP 0 COMMUNITY RESEARCH & DEVELOPMENT ASSOCIATION 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 561009415 TO SUPPORT AND DEVELOP PROGRAMS AND PROJECTS FOR LOW COST HOUSING. NC 501(C)(3) LINE 10 MOSAIC DEVELOPMENT GROUP 0 ENGLISH HOUSE OF BREVARD INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 270753210 OPERATE A 4 UNIT RENTAL PROJECT FOR PERSONS WITH DISABILITIES NC 501(C)(3) LINE 10 MOSAIC DEVELOPMENT GROUP 0 EVERETT HOUSE OF CHARLOTTE INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 271982461 CONSTRUCT AND OPERATE A 10 UNIT APT. COMPLEX FOR SPECIAL NEEDS INDIVIDUALS NC 501(C)(3) LINE 10 MOSAIC DEVELOPMENT GROUP 0 WESLEY HEIGHTS OF TAYLORSVILLE INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 270753334 PROVIDE HOUSING TO SPECIAL NEEDS AND ELDERLY INDIVIDUALS SUBJECT TO NCHFA. NC 501(C)(3) LINE 10 MOSAIC DEVELOPMENT GROUP 0 DAVIDSON LIMITED PARTNERSHIP I 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 562155587 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP -4 0 1 0.00250 DOBBINS HILL II LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 203903819 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC N/A 1 0 0 0.00450 FOREST HILLS HOUSING LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 201075995 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP -19622 936818 0 1 0.49990 RENAISSANCE COMMONS LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 562248679 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP -602 737871 0 1 0.49990 SUGAR CREEK HOUSING MANAGER LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 831693892 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP -52 -37903 0 1 0.51000 WEATHERSTONE PARK APARTMENTS LLC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 311700487 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP -15 696 0 1 0.00100 BINGHAM PARK HOUSING OF CHARLOTTE INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 831659970 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP C -246 293 1.00000 0 CAROLINA AVENUE HOUSING MANAGER INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 843003849 REAL ESTATE AND APARTMENT RENTALS NC MOSAIC DEVELOPMENT GROUP C -123 0.51000 0 CHERRY GARDENS HOUSING OF CHARLOTTE INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 208564211 REAL ESTATE AND APARTMENT RENTALS NC MOSAIC DEVELOPMENT GROUP C -220 1.00000 0 CURLIN COMMONS HOUSING OF MOORESVILLE INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 208564011 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP C -128 114600 0.51000 0 CYPRESS COURT HOUSING OF AHOSKIE INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 471781944 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP C 191 1.00000 0 ELM GREEN HOUSING MANAGER INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 843048586 REAL ESTATE AND APARTMENT RENTALS NC MOSAIC DEVELOPMENT GROUP C -234 427 1.00000 0 ENGLISH HILLS HOUSING OF BREVARD INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 510478909 REAL ESTATE AND APARTMENT RENTALS NC MOSAIC DEVELOPMENT GROUP C -112 0.50000 0 FERNHILL HOUSING MANAGER INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 872395891 REAL ESTATE AND APARTMENT RENTALS NC MOSAIC DEVELOPMENT GROUP C -220 1.00000 0 FOREST HILLS HOUSING OF BURNSVILLE INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 201075995 INVESTOR IN REAL ESTATE. NC MOSAIC DEVELOPMENT GROUP C -114 0.51000 0 GLENWOOD GARDENS HOUSING OF GASTONIA INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 822731481 REAL ESTATE AND APARTMENT RENTALS NC MOSAIC DEVELOPMENT GROUP C -237 379 1.00000 0 ORCHARD POINT HOUSING MANAGER INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 933198593 REAL ESTATE AND APARTMENT RENTALS NC MOSAIC DEVELOPMENT GROUP C 1.00000 0 RENAISSANCE HOUSING OF ELIZABETH CITY INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 562253214 REAL ESTATE AND APARTMENT RENTALS NC MOSAIC DEVELOPMENT GROUP C -110 62528 0.50000 0 TIMBER RIDGE HOUSING OF SPINDALE INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 461138991 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP C -121 0.51000 0 WILLOW POND HOUSING OF MOCKSVILLE INC 445 SOUTH MAIN STREET SUITE 400 DAVIDSON NC 28036 461162752 REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING NC MOSAIC DEVELOPMENT GROUP C -119 78 0.51000 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0