MIDWEST AFFORDABLE HOUSING CORP C/O PHILIP J SCHULTZ (EIN 392010184) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

PHILIP J SCHULTZ

Phone

4145882221

Tax Period

2023-01-01 to 2023-12-31

MIDWEST AFFORDABLE HOUSING CORP C/O PHILIP J SCHULTZ, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Net assets of $11.4M represent 67 months of operating reserves.

Mission

TO FOSTER, DEVELOP AND PRESERVE AFFORDABLE AND SENIOR HOUSING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,889,488

Investment Income $140,771

Other Revenue $0

TOTAL REVENUE $2,030,259

Expense Breakdown

Grants Paid $5,372

Salaries & Benefits $20,060

Fundraising Expenses $0

Program Expenses $2,126,116

Other Expenses $2,149,618

TOTAL EXPENSES $2,175,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,030,259	$2,063,392	0.0%
Expenses	$2,175,050	$1,689,262	+0.3%
Net Income	$-144,791	$374,130	-1.4%

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

N/A

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

$20,060

Total Directors

$20,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP J SCHULTZ	PRESIDENT	5.00	Officer Director	$8,598	$0	$8,598
JOHN MCCARTY	SECRETARY/TREASURER	3.00	Officer Director	$5,731	$0	$5,731
KATIE GRAND	VICE PRESIDENT	3.00	Officer Director	$5,731	$0	$5,731
ALEXANDRA SCHULTZ	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	No data	No data	No data	No data
2023	$2,030,259	$2,175,050	$23,138,727	$-144,791
2022	$2,063,392	$1,689,262	$23,338,161	$374,130
2021	$2,774,459	$1,646,024	$22,598,501	$1,128,435
2020	$2,409,986	$1,208,542	$21,246,517	$1,201,444
2019	$1,411,858	$1,107,259	$15,948,977	$304,599
2018	$1,497,820	$1,272,656	$13,799,255	$225,164

MIDWEST AFFORDABLE HOUSING CORP C/O PHILIP J SCHULTZ