OMAHA, NE
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
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.
MIDWEST HOUSING EQUITY GROUP, INC. (MHEG) PROVIDES ACQUISITION, ADVISORY AND ASSET MANAGEMENT SERVICES PRIMARILY BY ACTING AS THE GENERAL PARTNER OF APPROXIMATELY 50 LIMITED PARTNERSHIPS (THE...
MIDWEST HOUSING EQUITY GROUP, INC. (MHEG) PROVIDES ACQUISITION, ADVISORY AND ASSET MANAGEMENT SERVICES PRIMARILY BY ACTING AS THE GENERAL PARTNER OF APPROXIMATELY 50 LIMITED PARTNERSHIPS (THE "FUNDS") WHICH INVEST EQUITY CAPITAL IN OTHER PARTNERSHIPS OR LLCS FORMED TO DEVELOP, OWN AND OPERATE AFFORDABLE HOUSING PROJECTS WHICH ARE ELIGIBLE FOR FEDERAL TAX CREDITS UNDER SECTION 42 OF THE INTERNAL REVENUE CODE. IN ADDITION TO PROVIDING EQUITY FOR THESE PROJECTS, MHEG PROVIDES TECHNICAL AND ADVISORY SERVICES TO THE PARTNERSHIPS FOR A FEE.IN 2024, MHEG PARTNERED WITH 40 DEVELOPERS TO CLOSE OVER $380 MILLION IN EQUITY FOR 47 DEVELOPMENTS, CREATING AND PRESERVING 2,141 AFFORDABLE HOUSING UNITS. THIS INCLUDED 28 AGE RESTRICTED DEVELOPMENTS, 18 MULTIFAMILY DEVELOPMENTS, AND ONE SPECIAL NEEDS HOUSING DEVELOPMENT. PROJECTS RANGED FROM A 16-UNIT RURAL DEAL IN KANSAS TO A 96-UNIT URBAN DEAL IN NORTH DAKOTA, REPRESENTING 38 MIDWEST COMMUNITIES, INCLUDING OUR FIRST DEVELOPMENTS IN ARIZONA AND WYOMING.
W-HOMES, LLC WAS FORMED TO DEVELOP AND PERFORM AS THE CO-GENERAL PARTNER IN PARTNERSHIPS HOLDING AFFORDABLE HOUSING WHICH ARE ELIGIBLE FOR FEDERAL TAX CREDITS UNDER SECTION 42 OF THE INTERNAL REVENUE...
W-HOMES, LLC WAS FORMED TO DEVELOP AND PERFORM AS THE CO-GENERAL PARTNER IN PARTNERSHIPS HOLDING AFFORDABLE HOUSING WHICH ARE ELIGIBLE FOR FEDERAL TAX CREDITS UNDER SECTION 42 OF THE INTERNAL REVENUE CODE. MHEG IS THE SOLE MEMBER OF W-HOMES. W-HOMES EARNS FEES FROM SERVICES RENDERED IN CONNECTION WITH THE ACQUISITION, DEVELOPMENT, AND CONSTRUCTION OF AFFORDABLE HOUSING PROJECTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare MIDWEST HOUSING EQUITY GROUP INC with other nonprofits in Nebraska and across the country.