MIDWEST AFFORDABLE HOUSING CORP C/O PHILIP J SCHULTZ

EIN: 392010184 501(c)(3) Housing & Shelter

FOX POINT, WI

Total Revenue
$2,030,259
Total Expenses
$2,175,050
Total Assets
$23,138,727
Net Assets
$11,404,554
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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
WI
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

THE MISSION OF MIDWEST AFFORDABLE HOUSING CORPORATION IS TO FOSTER, DEVELOP AND PRESERVE AFFORDABLE AND SENIOR HOUSING WITH RESPECT FOR THE RESIDENTS TO BE SERVED.

Program Service Accomplishments

Program 1
Expenses: $2,126,116 Revenue: $1,889,488

PROVIDING HOUSING FOR THE ELDERLY AND LOW-INCOME INDIVIDUALS LOCATED IN WISCONSIN AT PROPERTIES INCLUDING GREENTREE GLEN, LLC, KENOSHA SENIORS LIMITED PARTNERSHIP, TEUTONIA GARDENS, LLC, AND MAHC...

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PROVIDING HOUSING FOR THE ELDERLY AND LOW-INCOME INDIVIDUALS LOCATED IN WISCONSIN AT PROPERTIES INCLUDING GREENTREE GLEN, LLC, KENOSHA SENIORS LIMITED PARTNERSHIP, TEUTONIA GARDENS, LLC, AND MAHC FRANCIS MEADOWS, LLC.

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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%)

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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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
1

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
3
$20,060
Total Directors
4
$20,060
Key Employees
0
$0
Highest Compensated
0
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
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