Civic Intelligence

Midwest Housing Collaborative Inc.

990 • Fiscal year 2022 • EIN 39-2040703

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

5461 N Kent AvenueWhitefish Bay, WI 53217

(414) 759-8088

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

94th percentile

91%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

39%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$5,269,000

Up $2,507,868 (+91%) from 2021

Net Assets

Up

$5,269,000

Up $2,509,370 (+91%) from 2021

Liabilities

Down

$0

Down $1,502 (-100%) from 2021

Revenue

Up

$2,514,973

Up $700,946 (+39%) from 2021

Expenses

Up

$5,603

Up $3,651 (+187%) from 2021

Net Income

Up

$2,509,370

Up $697,295 (+38%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $1,567,139Liabilities 2011: $895,797Net Assets 2011: $671,3422011Assets 2012: $1,623,418Liabilities 2012: $932,641Net Assets 2012: $690,7772012Assets 2013: $1,716,010Liabilities 2013: $982,164Net Assets 2013: $733,8462013Assets 2014: $1,826,115Liabilities 2014: $1,034,317Net Assets 2014: $791,7982014Assets 2015: $1,923,422Liabilities 2015: $1,089,239Net Assets 2015: $834,1832015Assets 2016: $1,966,911Liabilities 2016: $1,147,078Net Assets 2016: $819,8332016Assets 2017: $2,077,561Liabilities 2017: $1,207,988Net Assets 2017: $869,5732017Assets 2018: $1,172,415Liabilities 2018: $0Net Assets 2018: $1,172,4152018Assets 2019: $1Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $947,555Liabilities 2020: $0Net Assets 2020: $947,5552020Assets 2021: $2,761,132Liabilities 2021: $1,502Net Assets 2021: $2,759,6302021Assets 2022: $5,269,000Liabilities 2022: $0Net Assets 2022: $5,269,0002022Assets 2023: $7,338,764Liabilities 2023: $10,112Net Assets 2023: $7,328,6522023Assets 2024: $11,764,258Liabilities 2024: $9,046Net Assets 2024: $11,755,2122024

Highlighted filing

2022

Assets$5,269,000
Liabilities$0
Net Assets$5,269,000

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2011: $111,0212011Expenses 2012: $47,5652012Revenue 2013: $64,969Expenses 2013: $50,173Net Income 2013: $14,7962013Revenue 2014: $90,288Expenses 2014: $52,696Net Income 2014: $37,5922014Revenue 2015: $91,762Expenses 2015: $55,522Net Income 2015: $36,2402015Revenue 2016: $75,856Expenses 2016: $59,323Net Income 2016: $16,5332016Revenue 2017: $70,112Expenses 2017: $64,812Net Income 2017: $5,3002017Revenue 2018: $358,311Expenses 2018: $80,778Net Income 2018: $277,5332018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $965,000Expenses 2020: $17,445Net Income 2020: $947,5552020Revenue 2021: $1,814,027Expenses 2021: $1,952Net Income 2021: $1,812,0752021Revenue 2022: $2,514,973Expenses 2022: $5,603Net Income 2022: $2,509,3702022Revenue 2023: $2,068,000Expenses 2023: $8,348Net Income 2023: $2,059,6522023Revenue 2024: $4,438,888Expenses 2024: $12,328Net Income 2024: $4,426,5602024

Highlighted filing

2022

Revenue$2,514,973
Expenses$5,603
Net Income$2,509,370
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$2,514,973
Mission and Program Overview

Mission

Provide housing to low income and disabled individuals, such as blind and visually impaired individuals.

To promote personal development, career growth, and community awareness through specialized services and programs for individuals with disabilities. Additionally, to develop and manage real estate, such as housing, for low income and disabled individuals in an integrated manner with other members of society by 1) providing housing that meets the special physical, social and psychological needs of low income and disabled individuals, and 2) promoting access to support services that enable low income and disabled individuals to function as independent members of society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,505,000$5,106,000▲ $2,601,000
Cash and Non-Interest-Bearing Accounts$256,132$148,000▼ $108,132
Accounts Receivable$0$15,000▲ $15,000
Total Assets$2,761,132$5,269,000▲ $2,507,868
Liabilities
Accounts Payable and Accrued Expenses$1,502$0▼ $1,502
Total Liabilities$1,502$0▼ $1,502
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,759,630$5,269,000▲ $2,509,370
Total Net Assets Fund Balance$2,759,630$5,269,000▲ $2,509,370
Total Liabilities and Net Assets / Fund Balance$2,761,132$5,269,000▲ $2,507,868
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph SchwenkerPresident
Karyn KnaakDirector
Russ EndresDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,445,973
Program Service Revenue
$69,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,509,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,603
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$3,578-$3,578
Fees for Services Accounting-$2,000-$2,000
Office Expenses-$25-$25
Total Functional Expenses$0$5,603$0$5,603
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Review of form 990: the board president reviews the organization's form 990. A copy of the form 990 is mailed or e-mailed to the voting members of the board of directors and they then review the form at their discretion. No formal review of the form 990 is presented to the voting board members.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy: the conflict of interest policy is shared and signed by all board members at the beginning of the calendar year. The board president discusses the conflict of interest policy with all newly appointed directors and it is discussed at various board meetings throughout the year.

Form 990, Part VI, Section C, Line 19

Governing/conflict of interest documents available to the public: release of these documents is determined on a case-by-case basis based upon formal requests received by the organization for any or all documents.

Form 990, Part VI, Schedule B, Line 16A & 16B

Mhc taxable, llc (company) has made an election pursuant to internal revenue code section 168(h)(6)(f)(ii) to not be treated as a tax-exempt entity for purposes of internal revenue code sections 168(h)(5) and (6). The company is wholly-owned by midwest housing collaborative, inc., a wisconsin not-for profit organization (fein 39-2040703) that is organized and operated as an organization described in section 501(c)(3) of the internal revenue code. The company is a member of the managing member of the following partnerships, that own depreciable, tangible property, and that have at least one partner that is not a tax exempt entity: river parkway apartments, llc - ein #83-2757563 prairie house lihtc, llc - ein #84-2870020 new glarus/dodgeville lihtc llc - ein #84-2928706 cuba i and ii lihtc, llc - ein #84-3800141 fall river meadows lihtc, llc - ein #84-3727359 taylor pointe apartments, llc - ein #85-1150553

Filing and Contact Details

Filer

Filer Name
Midwest Housing Collaborative Inc
EIN
39-2040703
Phone
4147598088
Address
5461 N KENT AVENUE, WHITEFISH BAY, WI 53217

Signing Officer

Name
Joseph Schwenker
Title
President
Phone
4147598088
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Schwenker
Formed
2001
Legal Domicile
Wi
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Sva Certified Public Accts Sc
Address
1221 JOHN Q HAMMONS DRIVE, MADISON, WI 53717
Preparer
Douglas Berry
Phone
6088318181
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW OF FORM 990: THE BOARD PRESIDENT REVIEWS THE ORGANIZATION'S FORM 990. A COPY OF THE FORM 990 IS MAILED OR E-MAILED TO THE VOTING MEMBERS OF THE BOARD OF DIRECTORS AND THEY THEN REVIEW THE FORM AT THEIR DISCRETION. NO FORMAL REVIEW OF THE FORM 990 IS PRESENTED TO THE VOTING BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY: THE CONFLICT OF INTEREST POLICY IS SHARED AND SIGNED BY ALL BOARD MEMBERS AT THE BEGINNING OF THE CALENDAR YEAR. THE BOARD PRESIDENT DISCUSSES THE CONFLICT OF INTEREST POLICY WITH ALL NEWLY APPOINTED DIRECTORS AND IT IS DISCUSSED AT VARIOUS BOARD MEETINGS THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING/CONFLICT OF INTEREST DOCUMENTS AVAILABLE TO THE PUBLIC: RELEASE OF THESE DOCUMENTS IS DETERMINED ON A CASE-BY-CASE BASIS BASED UPON FORMAL REQUESTS RECEIVED BY THE ORGANIZATION FOR ANY OR ALL DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MHC TAXABLE, LLC (COMPANY) HAS MADE AN ELECTION PURSUANT TO INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) TO NOT BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6). THE COMPANY IS WHOLLY-OWNED BY MIDWEST HOUSING COLLABORATIVE, INC., A WISCONSIN NOT-FOR PROFIT ORGANIZATION (FEIN 39-2040703) THAT IS ORGANIZED AND OPERATED AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COMPANY IS A MEMBER OF THE MANAGING MEMBER OF THE FOLLOWING PARTNERSHIPS, THAT OWN DEPRECIABLE, TANGIBLE PROPERTY, AND THAT HAVE AT LEAST ONE PARTNER THAT IS NOT A TAX EXEMPT ENTITY: RIVER PARKWAY APARTMENTS, LLC - EIN #83-2757563 PRAIRIE HOUSE LIHTC, LLC - EIN #84-2870020 NEW GLARUS/DODGEVILLE LIHTC LLC - EIN #84-2928706 CUBA I AND II LIHTC, LLC - EIN #84-3800141 FALL RIVER MEADOWS LIHTC, LLC - EIN #84-3727359 TAYLOR POINTE APARTMENTS, LLC - EIN #85-1150553
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SCHEDULE B, LINE 16A & 16B
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02761132
IRS990/TotalAssetsEOYAmt05269000
IRS990/TotalAssetsGrp/BOYAmt02761132
IRS990/TotalAssetsGrp/EOYAmt05269000
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02445973
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05603
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01502
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt069000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt069000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02514973
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02761132
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05269000
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053217
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH SCHWENKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04147598088
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDWEST HOUSING COLLABORATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0MIDW
ReturnHeader/Filer/EIN0392040703
ReturnHeader/Filer/PhoneNum04147598088
ReturnHeader/Filer/USAddress/AddressLine1Txt05461 N KENT AVENUE
ReturnHeader/Filer/USAddress/CityNm0WHITEFISH BAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053217
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391203191
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SVA CERTIFIED PUBLIC ACCTS SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01221 JOHN Q HAMMONS DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053717
ReturnHeader/PreparerPersonGrp/PhoneNum06088318181
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS BERRY
ReturnHeader/ReturnTs02023-11-15T17:15:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSEPH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHWENKER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.8$0.01$11.8$4.44$0.01$4.43
2023Detailed filing. Detailed filing data is available for this year.$7.34$0.01$7.33$2.07$0.01$2.06
2022Detailed filing. Detailed filing data is available for this year.$5.27$0.00$5.27$2.51$0.01$2.51
2021Detailed filing. Detailed filing data is available for this year.$2.76$0.00$2.76$1.81$0.00$1.81
2020Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.97$0.02$0.95
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.36$0.08$0.28
2017Detailed filing. Detailed filing data is available for this year.$2.08$1.21$0.87$0.07$0.06$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.97$1.15$0.82$0.08$0.06$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.92$1.09$0.83$0.09$0.06$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.83$1.03$0.79$0.09$0.05$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.98$0.73$0.06$0.05$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.93$0.69$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.90$0.67$0.11