Nonprofit · EIN 47-0785685
MOMENTUM HOUSING
Tax-exempt · OMAHA, NE 68144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $74,146,498 | $84,234,477 | -$10,087,979 | $614,200,900 | $689,475,261 | -$75,274,361 |
| December 31, 2023 | 990 | $72,553,056 | $94,749,069 | -$22,196,013 | $643,645,928 | $703,501,476 | -$59,855,548 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $54,309,576
- Investment income
- $19,560,012
- Net gain from sales of assets
- $15,219,091
- Other revenue
- $276,910
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,218,450
- Other salaries and wages
- $5,929,925
- Salaries, compensation and benefits (total)
- $8,235,492
- Professional fundraising fees
- $0
- Legal fees
- $671,752
- Accounting fees
- $174,168
- Occupancy
- $5,061,899
- Travel
- $120,537
- Depreciation
- $17,820,403
- Program services (functional)
- $82,125,562
- Management and general (functional)
- $2,108,915
Balance sheet and other
- Total assets, start of year
- $643,645,928
- Total assets, end of year
- $614,200,900
- Total liabilities, end of year
- $689,475,261
- Net assets, end of year
- -$75,274,361
- Land, buildings and equipment
- $486,758,790
- Gross receipts
- $74,146,498
- Employees
- 224
- Volunteers
- 0
- Year formed
- 1995
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK HIATT | PRESIDENT Trustee or director, Officer | 55 | $610,000 |
| MITCHELL HIATT | VICE PRESIDENT AND GENERAL COUNSEL Officer | 60 | $375,000 |
| SHARISE ENGEL | CHIEF FINANCIAL OFFICER (THRU 9.30.2024) Officer | 35 | $191,250 |
| TYLER WILSON | SENIOR PROJECT MANAGER Highest-paid employee | 40 | $135,000 |
| JUSTIN FERRIN | ASSISTANT VP Highest-paid employee | 40 | $122,077 |
| TERI SEIDENGLANZ | CHIEF FINANCIAL OFFICER (AS OF 10.1.2024) Officer | 35 | $12,500 |
| DREW FITCH | VICE PRESIDENT Trustee or director, Officer | 1 | $9,900 |
| DAVE WILKINSON | DIRECTOR Trustee or director | 1 | $9,900 |
| STEVE COCKRELL | DIRECTOR Trustee or director | 1 | $9,900 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK HIATT | PRESIDENT Trustee or director, Officer | 55 | $995,000 |
| MITCHELL HIATT | VICE PRESIDENT AND GENERAL Officer | 60 | $395,000 |
| SHARISE ENGEL | CHIEF FINANCIAL OFFICER Officer | 35 | $275,000 |
| DREW FITCH | VICE PRESIDENT Trustee or director, Officer | 5 | $9,900 |
| DAVE WILKINSON | DIRECTOR Trustee or director | 1 | $9,900 |
| STEVE COCRELL | DIRECTOR Trustee or director | 1 | $9,900 |
Address and contacts
- Address (IRS master file)
- 11640 ARBOR STREET, OMAHA, NE 68144-5007
- In care of
- % JIM BLAIR
- Principal officer (990 for 2024)
- MARK HIATT, 11640 ARBOR STREET 201, OMAHA, NE 68144
- Signed the 990
- MITCHELL HIATT, VICE PRESIDENT
- Phone
- (402) 885-4717
- Website
- HTTPS://MOMENTUMHOUSING.COM
- Return prepared by
- LUTZ AND COMPANY PC
Mission
MOMENTUM HOUSING HAS BEEN FORMED FOR THE EXEMPT PURPOSE OF CONSTRUCTION, PURCHASING, OWNING, AND OPERATING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
Program accomplishments
- PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME INDIVIDUALS THROUGH ITS WHOLLY-OWNED SUBSIDIARIES AND OTHER AFFILIATES.Expenses $82,125,562 · revenue $54,309,576
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
- 47-0785685
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $614,200,900
- Income (IRS master file)
- $74,146,498
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $74,146,498 | $84,234,477 | $614,200,900 | XML |
| 990 | December 2023 | $72,553,056 | $94,749,069 | $643,645,928 | XML |
| 990 | December 2022 | $68,326,602 | $88,011,731 | $662,375,296 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 47-0785685).
Questions about MOMENTUM HOUSING
- What is the EIN of MOMENTUM HOUSING?
- The employer identification number (EIN) of MOMENTUM HOUSING is 47-0785685.
- Is MOMENTUM HOUSING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to MOMENTUM HOUSING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOMENTUM HOUSING 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 MOMENTUM HOUSING 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 MOMENTUM HOUSING 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 MOMENTUM HOUSING?
- The 990 for the year ended December 31, 2024 names MARK HIATT.
- Who are the officers and directors of MOMENTUM HOUSING?
- The 990 for the year ended December 31, 2024 lists 9 people; 9 received compensation from the organization, the highest $610,000 (MARK HIATT, PRESIDENT).
- How much revenue does MOMENTUM HOUSING have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $74,146,498, expenses of $84,234,477 and total assets of $614,200,900 at year end.
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