MIDWEST HOUSING DEVELOPMENT FUND INC

EIN: 841686593 501(c)(3) Philanthropy & Grantmaking

OMAHA, NE

Total Revenue
$11,801,333
Total Expenses
$2,423,869
Total Assets
$96,332,678
Net Assets
$37,096,872
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NE
Principal Officer
JASON MAIN
Phone
4023348899
Tax Period
2024-01-01 to 2024-12-31

MIDWEST HOUSING DEVELOPMENT FUND INC, founded in 2000, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $11.8M in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 79% operating margin.

Mission

TO PROMOTE SUSTAINABLE COMMUNITY DEVELOPMENT AND QUALITY OF LIFE IN THE MIDWEST UNITED STATES.

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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 $7,817,020
Program Service Revenue $3,106,533
Investment Income $877,780
Other Revenue $0
TOTAL REVENUE $11,801,333

Expense Breakdown

Grants Paid $43,633
Salaries & Benefits $1,066,973
Fundraising Expenses $0
Program Expenses $2,369,027
Other Expenses $1,313,263
TOTAL EXPENSES $2,423,869

Year-over-Year Comparison

2024 2023 Change
Revenue $11,801,333 $5,776,652 +1.0%
Expenses $2,423,869 $1,853,460 +0.3%
Net Income $9,377,464 $3,923,192 +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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Governance

Voting Members
9
Independent Members
8
Employees
4
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
5
$868,669
Total Directors
10
$616,342
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID S FISHER PRESIDENT 40.00
Officer Director
$568,436 $47,906 $616,342
MARK O'CONNOR DIRECTOR 1.00
Director
$0 $0 $0
BARRY SANDSTROM CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MATTHEW CAVANAUGH SECRETARY 1.00
Officer Director
$0 $0 $0
KRIS SADDORIS DIRECTOR 1.00
Director
$0 $0 $0
VALERIE THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
DENA SHERILL DIRECTOR 1.00
Director
$0 $0 $0
SCOTT P MOORE DIRECTOR 1.00
Director
$0 $0 $0
TAMEKI GRANT DIRECTOR 1.00
Director
$0 $0 $0
KIRK KELLNER CHAIRPERSON 1.00
Officer Director
$0 $0 $0
LARA HUSKEY EXECUTIVE VP/TREASURER/CFO 40.00
Officer
$210,747 $24,913 $252,327
PAULA KASLON SENIOR LOAN OFFICER 40.00
Highest
$105,792 $26,623 $132,415
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 $11,801,333 $2,423,869 $96,332,678 $9,377,464
2023 $5,776,652 $1,853,460 $74,703,795 $3,923,192
2022 $5,284,967 $1,297,140 $56,720,605 $3,987,827
2021 $2,208,026 $1,266,183 $35,913,740 $941,843
2020 $1,975,078 $1,121,282 $33,263,492 $853,796
2019 $3,817,761 $890,718 $31,169,182 $2,927,043
2018 $1,380,293 $741,499 $22,591,062 $638,794
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