MIDWEST HOUSING EQUITY GROUP INC

EIN: 470767984 501(c)(3) Housing & Shelter

OMAHA, NE

Total Revenue
$20,678,005
Total Expenses
$15,073,164
Total Assets
$76,584,283
Net Assets
$71,046,816
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NE
Principal Officer
JASON MAIN
Phone
4023348899
Tax Period
2024-01-01 to 2024-12-31

MIDWEST HOUSING EQUITY GROUP INC, founded in 1993, is a mid-sized nonprofit in the Housing & Shelter sector that reported $20.7M in total revenue in fiscal year 2024. The organization ran a surplus of $5.6M, a strong 27% operating margin.

Mission

MIDWEST HOUSING EQUITY GROUP, INC'S MISSION IS TO CHANGE LIVES FOR A BETTER TOMORROW BY PROMOTING THE DEVELOPMENT AND SUSTAINABILITY OF QUALITY AFFORDABLE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $19,480,062
Investment Income $1,197,943
Other Revenue $0
TOTAL REVENUE $20,678,005

Expense Breakdown

Grants Paid $235,059
Salaries & Benefits $11,285,566
Fundraising Expenses $0
Program Expenses $12,944,486
Other Expenses $3,552,539
TOTAL EXPENSES $15,073,164

Year-over-Year Comparison

2024 2023 Change
Revenue $20,678,005 $19,164,596 +0.1%
Expenses $15,073,164 $14,071,883 +0.1%
Net Income $5,604,841 $5,092,713 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
57
Volunteers
N/A

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
9
$3,795,860
Total Directors
9
$1,220,752
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE THEOPHILUS CHAIRMAN 1.00
Officer Director
$0 $0 $0
KIRK KELLNER SECRETARY 1.00
Officer Director
$0 $0 $0
FRANK HAYES VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
BARRY G SANDSTROM CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHRISTOPHER HITE DIRECTOR 1.00
Director
$0 $0 $0
DAN LONERGAN CHAIR OF THE BUDGET & COMPENSATION COMMITTEE 1.00
Director
$0 $0 $0
KEVIN LAWRENCE DIRECTOR 1.00
Director
$0 $0 $0
GREGG YEUTTER DIRECTOR 1.00
Director
$0 $0 $0
JOHN WIECHMANN PRESIDENT AND CEO 40.00
Officer Director
$1,164,822 $55,930 $1,220,752
JASON MAIN CFO 40.00
Officer
$609,104 $56,630 $665,734
ANN BURGE COO 40.00
Officer
$621,336 $42,705 $664,041
BECKY CHRISTOFFERSEN CIO 40.00
Officer
$658,644 $48,887 $707,531
TOM STRATMAN CHIEF ACQUISITIONS OFFICER 40.00
Officer
$493,768 $44,034 $537,802
JORDAN ABBOUD SENIOR VP OF ASSET MANAGEMENT 40.00
Highest
$283,696 $31,106 $314,802
SAMMY EHTISHAM VP OF ACQUISITIONS 40.00
Highest
$267,606 $44,852 $312,458
SCOTT FITZPATRICK DIRECTOR OF ACQUISITIONS 40.00
Highest
$218,774 $29,613 $248,387
ANDREA FRYMIRE VP OF COMMUNITY INVESTMENTS 40.00
Highest
$236,926 $28,923 $265,849
JOSHUA YUREK VP OF GOVERNMENT AFFAIRS & COMMUNITY OUTREACH 40.00
Highest
$223,111 $23,355 $246,466
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 $20,678,005 $15,073,164 $76,584,283 $5,604,841
2023 $19,164,596 $14,071,883 $70,650,142 $5,092,713
2022 $17,847,318 $12,897,907 $64,673,112 $4,949,411
2021 $16,662,008 $11,763,985 $59,910,097 $4,898,023
2020 $14,329,686 $10,445,879 $55,072,808 $3,883,807
2019 $12,902,860 $9,934,609 $50,175,290 $2,968,251
2018 $12,765,416 $9,168,572 $46,501,589 $3,596,844
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