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Nonprofit · EIN 47-0767984

MIDWEST HOUSING EQUITY GROUP INC

Tax-exempt · OMAHA, NE 68118

Financials

$19.2M$14.1M2023$20.7M$15.1M2024
Revenue Expenses · by fiscal year end
Financials of MIDWEST HOUSING EQUITY GROUP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$20,678,005$15,073,164$5,604,841$76,584,283$5,537,467$71,046,816
December 31, 2023990$19,164,596$14,071,883$5,092,713$70,650,142$5,208,167$65,441,975
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$19,480,062
Investment income
$1,197,943
Other revenue
$0

Expenses

Grants and similar amounts paid
$235,059
Compensation of officers, directors and key employees
$4,209,318
Other salaries and wages
$5,164,335
Salaries, compensation and benefits (total)
$11,285,566
Professional fundraising fees
$0
Legal fees
$26,827
Accounting fees
$28,155
Occupancy
$405,130
Travel
$45,220
Depreciation
$140,776
Program services (functional)
$12,944,486
Management and general (functional)
$2,128,678

Balance sheet and other

Total assets, start of year
$70,650,142
Total assets, end of year
$76,584,283
Total liabilities, end of year
$5,537,467
Net assets, end of year
$71,046,816
Land, buildings and equipment
$477,690
Net assets without donor restrictions
$71,046,816
Gross receipts
$20,678,005
Employees
57
Volunteers
0
Year formed
1993
State of legal domicile
NE

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.

NameTitleHours / weekCompensationOther / benefits
JOHN WIECHMANNPRESIDENT AND CEO
Trustee or director, Officer
40$1,164,822$55,930
BECKY CHRISTOFFERSENCIO
Officer
40$658,644$48,887
JASON MAINCFO
Officer
40$609,104$56,630
ANN BURGECOO
Officer
40$621,336$42,705
TOM STRATMANCHIEF ACQUISITIONS OFFICER
Officer
40$493,768$44,034
JORDAN ABBOUDSENIOR VP OF ASSET MANAGEMENT
Highest-paid employee
40$283,696$31,106
SAMMY EHTISHAMVP OF ACQUISITIONS
Highest-paid employee
40$267,606$44,852
ANDREA FRYMIREVP OF COMMUNITY INVESTMENTS
Highest-paid employee
40$236,926$28,923
SCOTT FITZPATRICKDIRECTOR OF ACQUISITIONS
Highest-paid employee
40$218,774$29,613
JOSHUA YUREKVP OF GOVERNMENT AFFAIRS & COMMUNITY OUTREACH
Highest-paid employee
40$223,111$23,355
NICOLE THEOPHILUSCHAIRMAN
Trustee or director, Officer
1$0$0
KIRK KELLNERSECRETARY
Trustee or director, Officer
1$0$0
FRANK HAYESVICE CHAIRMAN
Trustee or director, Officer
1$0$0
BARRY G SANDSTROMCHAIRMAN
Trustee or director, Officer
1$0$0
CHRISTOPHER HITEDIRECTOR
Trustee or director
1$0$0
3 more people on this return
NameTitleHours / weekCompensation
DAN LONERGANCHAIR OF THE BUDGET & COMPENSATION COMMITTEE
Trustee or director
1$0
KEVIN LAWRENCEDIRECTOR
Trustee or director
1$0
GREGG YEUTTERDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationOther / benefits
JOHN WIECHMANNPRESIDENT AND CEO
Trustee or director, Officer
40$1,060,525$53,693
BECKY CHRISTOFFERSENCIO
Officer
40$627,307$46,938
JASON MAINCFO
Officer
40$580,046$54,393
ANN BURGECOO
Officer
40$591,186$40,871
TOM STRATMANCHIEF ACQUISITIONS OFFICER
Officer
40$444,288$43,420
SAMMY EHTISHAMVP OF ACQUISITIONS
Highest-paid employee
40$285,764$46,386
JORDAN ABBOUDSVP OF ASSET MANAGEMENT
Highest-paid employee
40$269,766$29,578
PATRICK MICHAELISVP OF BUSINESS DEVELOPMENT
Highest-paid employee
40$247,101$34,556
ANDREA FRYMIREVP OF COMMUNITY INVESTMENT
Highest-paid employee
40$234,443$29,511
SCOTT FITZPATRICKDIRECTOR OF ACQUISITION
Highest-paid employee
40$211,168$29,199
BARRY G SANDSTROMCHAIRMAN
Trustee or director, Officer
1$0$0
NICOLE THEOPHILUSVICE CHAIRMAN
Trustee or director, Officer
1$0$0
KIRK KELLNERSECRETARY
Trustee or director, Officer
1$0$0
FRANK HAYESDIRECTOR
Trustee or director
1$0$0
CHRISTOPHER HITEDIRECTOR
Trustee or director
1$0$0
DAN LONERGANDIRECTOR
Trustee or director
1$0$0
KEVIN LAWRENCEDIRECTOR
Trustee or director
1$0$0
GREGG YEUTTERDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
515 N 162ND AVE STE 202, OMAHA, NE 68118-2540
In care of
% JAMES K RIEKER
Principal officer (990 for 2024)
JASON MAIN, 515 N 162ND AVE 202, OMAHA, NE 68118
Signed the 990
JASON MAIN, CFO
Phone
(402) 334-8899
Return prepared by
DAUBY O'CONNOR & ZALESKI LLC

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $12,853,822 · grants $235,059 · revenue $19,181,687
  • 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.
    Expenses $90,664 · revenue $298,375

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-0767984
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
1993
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$76,584,283
Income (IRS master file)
$20,678,005

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$20,678,005$15,073,164$76,584,283XML
990December 2023$19,164,596$14,071,883$70,650,142XML
990December 2022$17,847,318$12,897,907$64,673,112IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 47-0767984).

Questions about MIDWEST HOUSING EQUITY GROUP INC

What is the EIN of MIDWEST HOUSING EQUITY GROUP INC?
The employer identification number (EIN) of MIDWEST HOUSING EQUITY GROUP INC is 47-0767984.
Is MIDWEST HOUSING EQUITY GROUP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to MIDWEST HOUSING EQUITY GROUP INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MIDWEST HOUSING EQUITY GROUP INC 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 HOUSING EQUITY GROUP INC 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 HOUSING EQUITY GROUP INC 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 HOUSING EQUITY GROUP INC?
The 990 for the year ended December 31, 2024 names JASON MAIN.
Who are the officers and directors of MIDWEST HOUSING EQUITY GROUP INC?
The 990 for the year ended December 31, 2024 lists 18 people; 10 received compensation from the organization, the highest $1,164,822 (JOHN WIECHMANN, PRESIDENT AND CEO).
How much revenue does MIDWEST HOUSING EQUITY GROUP INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $20,678,005, expenses of $15,073,164 and total assets of $76,584,283 at year end.

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