Nonprofit · EIN 39-2010184
MIDWEST AFFORDABLE HOUSING CORPORATION
Tax-exempt · FOX POINT, WI 53217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,542,851 | $2,848,313 | $3,694,538 | $30,981,808 | $15,970,990 | $15,010,818 |
| December 31, 2023 | 990 | $2,030,259 | $2,175,050 | -$144,791 | $23,138,727 | $11,734,173 | $11,404,554 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,440,000
- of which government grants
- $3,440,000
- Program service revenue
- $2,953,904
- Investment income
- $148,947
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $20,661
- Salaries, compensation and benefits (total)
- $20,661
- Professional fundraising fees
- $0
- Legal fees
- $39,813
- Accounting fees
- $60,071
- Occupancy
- $1,591,457
- Travel
- $1,231
- Depreciation
- $518,816
- Program services (functional)
- $2,773,519
- Management and general (functional)
- $74,794
Balance sheet and other
- Total assets, start of year
- $23,138,727
- Total assets, end of year
- $30,981,808
- Total liabilities, end of year
- $15,970,990
- Net assets, end of year
- $15,010,818
- Land, buildings and equipment
- $13,167,747
- Net assets without donor restrictions
- $15,010,818
- Gross receipts
- $6,542,851
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2000
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP J SCHULTZ | PRESIDENT Trustee or director, Officer | 5 | $8,855 |
| JOHN MCCARTY | SECRETARY/TREASURER Trustee or director, Officer | 3 | $5,903 |
| KATIE GRAND | VICE PRESIDENT Trustee or director, Officer | 3 | $5,903 |
| ALEXANDRA SCHULTZ | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP J SCHULTZ | PRESIDENT Trustee or director, Officer | 5 | $8,598 |
| JOHN MCCARTY | SECRETARY/TREASURER Trustee or director, Officer | 3 | $5,731 |
| KATIE GRAND | VICE PRESIDENT Trustee or director, Officer | 3 | $5,731 |
| ALEXANDRA SCHULTZ | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7861 N FAIRCHILD RD, FOX POINT, WI 53217-3116
- In care of
- % PHILIP J SCHULTZ
- Principal officer (990 for 2024)
- PHILIP J SCHULTZ, 7861 NORTH FAIRCHILD ROAD, FOX POINT, WI 53217
- Signed the 990
- PHILIP J SCHULTZ, PRESIDENT
- Phone
- (414) 588-2221
- Return prepared by
- SVA CERTIFIED PUBLIC ACCTS SC
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 accomplishments
- 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, GRANVILLE SENIOR HOUSING, LLC AND MAHC FRANCIS MEADOWS, LLC.Expenses $2,773,519 · grants $10,000 · revenue $2,953,904
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-2010184
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $30,981,808
- Income (IRS master file)
- $6,542,851
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,542,851 | $2,848,313 | $30,981,808 | XML |
| 990 | December 2023 | $2,030,259 | $2,175,050 | $23,138,727 | XML |
| 990 | December 2022 | $2,063,392 | $1,689,262 | $23,338,161 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-2010184).
Questions about MIDWEST AFFORDABLE HOUSING CORPORATION
- What is the EIN of MIDWEST AFFORDABLE HOUSING CORPORATION?
- The employer identification number (EIN) of MIDWEST AFFORDABLE HOUSING CORPORATION is 39-2010184.
- Is MIDWEST AFFORDABLE HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to MIDWEST AFFORDABLE HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIDWEST AFFORDABLE HOUSING CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MIDWEST AFFORDABLE HOUSING CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIDWEST AFFORDABLE HOUSING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MIDWEST AFFORDABLE HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 names PHILIP J SCHULTZ.
- Who are the officers and directors of MIDWEST AFFORDABLE HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $8,855 (PHILIP J SCHULTZ, PRESIDENT).
- How much revenue does MIDWEST AFFORDABLE HOUSING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,542,851, expenses of $2,848,313 and total assets of $30,981,808 at year end.
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All nonprofits in FOX POINT · Wisconsin · Housing and shelter