MIDWEST HOUSING EQUITY GROUP INC

As filed

Subsection

03

NTEE code

L99Z

Classification

1000

Street

515 N 162ND AVE STE 202

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

This address is a suite or unit (STE 202). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• MIDWEST HOUSING DEVELOPMENT FUND INC

  EIN 84-1686593

Mission and programs · 2024

• 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

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $20,678,005

  Expenses

  $15,073,164

  Contributions

  $0

  Grants paid

  $235,059

• 2023

  Revenue

  $19,164,596

  Expenses

  $14,071,883

  Contributions

  $0

  Grants paid

  $180,020

• 2022

  Revenue

  $17,847,318

  Expenses

  $12,897,907

  Contributions

  $0

  Grants paid

  $152,400

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $16,662,008

  Expenses

  $11,763,985

  Assets (EOY)

  $59,910,097

• 2020 · 990

  Revenue

  $14,329,686

  Expenses

  $10,445,879

  Assets (EOY)

  $55,072,808

• 2019 · 990

  Revenue

  $12,902,860

  Expenses

  $9,934,609

  Assets (EOY)

  $50,175,290

• 2018 · 990

  Revenue

  $12,765,416

  Expenses

  $9,168,572

  Assets (EOY)

  $46,501,589

• 2017 · 990

  Revenue

  $11,294,099

  Expenses

  $8,309,529

  Assets (EOY)

  $42,868,240

• 2016 · 990

  Revenue

  $10,419,720

  Expenses

  $7,813,332

  Assets (EOY)

  $39,212,793

• 2015 · 990

  Revenue

  $9,732,521

  Expenses

  $7,385,248

  Assets (EOY)

  $36,485,569

• 2014 · 990

  Revenue

  $10,027,900

  Expenses

  $7,265,496

  Assets (EOY)

  $34,663,689

• 2013 · 990

  Revenue

  $9,428,563

  Expenses

  $7,350,433

  Assets (EOY)

  $30,737,885

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $10,179,523

  Assets (EOY)

  $28,857,157

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• OMAHA PERFORMING ARTS

  $29,600

  2024 · DONATION USED TO FURTHER THE MISSION OF THE ORGANIZATION

• HAYES CARES

  $20,000

  2024 · DONATION USED TO FURTHER THE MISSION OF THE ORGANIZATION

• OKLAHOMA CHRISTIAN SCHOOL INCORPORATED

  $20,000

  2024 · DONATION USED TO FURTHER THE MISSION OF THE ORGANIZATION

• OMAHA COMMUNITY FOUNDATION

  $20,000

  2024 · DONATION USED TO FURTHER THE MISSION OF THE ORGANIZATION

• SHADY SIDE ACADEMY

  $20,000

  2024 · DONATION USED TO FURTHER THE MISSION OF THE ORGANIZATION

• EDUCATION FOUNDATION FOR CLINTON STUDENTS INC

  $15,000

  2024 · DONATION USED TO FURTHER THE MISSION OF THE ORGANIZATION

• HAYES CARES

  $15,000

  2022 · DONATION USED TO FURTHER THE MISSION OF THE ORGANIZATION

• HAYES CARES

  $15,000

  2023 · DONATION USED TO FURTHER THE MISSION OF THE ORGANIZATION

• OMAHA PERFORMING ARTS

  $11,000

  2022 · DONATION USED TO FURTHER THE MISSION OF THE ORGANIZATION

• OMAHA PERFORMING ARTS

  $11,000

  2023 · DONATION USED TO FURTHER THE MISSION OF THE ORGANIZATION

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

• ANNETTE AND PAUL SMITH CHARITABLE FUND

  $20,000

  2023 · Housing, Shelter

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files