Civic Intelligence

Midwest Housing Development Fund Inc.

990 • Fiscal year 2016 • EIN 84-1686593

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

515 N 162nd Ave No 202Omaha, NE 68118

(402) 334-8899

Siviq Scores

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

Liabilities / Assets

87th percentile

0.83x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

12.38x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

23rd percentile

$102,631

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

6th percentile

-15%

Faster asset growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

96th percentile

139%

Faster revenue growth than 96% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$16,994,820

Down $2,897,935 (-15%) from 2015

Net Assets

Up

$2,851,501

Up $604,606 (+27%) from 2015

Liabilities

Down

$14,143,319

Down $3,502,541 (-20%) from 2015

Revenue

Up

$1,142,728

Up $665,046 (+139%) from 2015

Expenses

Up

$538,122

Up $117,506 (+28%) from 2015

Net Income

Up

$604,606

Up $547,540 (+959%) from 2015

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $5,782,587Liabilities 2010: $4,879,413Net Assets 2010: $903,1742010Assets 2011: $6,421,493Liabilities 2011: $5,454,973Net Assets 2011: $966,5202011Assets 2012: $8,599,093Liabilities 2012: $7,562,388Net Assets 2012: $1,036,7052012Assets 2013: $12,774,955Liabilities 2013: $11,101,103Net Assets 2013: $1,673,8522013Assets 2014: $14,062,197Liabilities 2014: $11,872,368Net Assets 2014: $2,189,8292014Assets 2015: $19,892,755Liabilities 2015: $17,645,860Net Assets 2015: $2,246,8952015Assets 2016: $16,994,820Liabilities 2016: $14,143,319Net Assets 2016: $2,851,5012016Assets 2017: $20,343,016Liabilities 2017: $17,375,794Net Assets 2017: $2,967,2222017Assets 2018: $22,591,062Liabilities 2018: $17,285,046Net Assets 2018: $5,306,0162018Assets 2019: $31,169,182Liabilities 2019: $22,163,623Net Assets 2019: $9,005,5592019Assets 2020: $33,263,492Liabilities 2020: $23,404,137Net Assets 2020: $9,859,3552020Assets 2021: $35,913,740Liabilities 2021: $24,173,620Net Assets 2021: $11,740,1202021Assets 2022: $56,720,605Liabilities 2022: $36,870,474Net Assets 2022: $19,850,1312022Assets 2023: $74,703,795Liabilities 2023: $49,391,737Net Assets 2023: $25,312,0582023Assets 2024: $96,332,678Liabilities 2024: $59,235,806Net Assets 2024: $37,096,8722024

Highlighted filing

2016

Assets$16,994,820
Liabilities$14,143,319
Net Assets$2,851,501

Operations Trend

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

$15M$10M$5.0M$0Expenses 2010: $103,9492010Expenses 2011: $129,0312011Expenses 2012: $170,5332012Revenue 2013: $953,912Expenses 2013: $316,765Net Income 2013: $637,1472013Revenue 2014: $861,835Expenses 2014: $345,858Net Income 2014: $515,9772014Revenue 2015: $477,682Expenses 2015: $420,616Net Income 2015: $57,0662015Revenue 2016: $1,142,728Expenses 2016: $538,122Net Income 2016: $604,6062016Revenue 2017: $656,383Expenses 2017: $540,662Net Income 2017: $115,7212017Revenue 2018: $1,380,293Expenses 2018: $741,499Net Income 2018: $638,7942018Revenue 2019: $3,817,761Expenses 2019: $890,718Net Income 2019: $2,927,0432019Revenue 2020: $1,975,078Expenses 2020: $1,121,282Net Income 2020: $853,7962020Revenue 2021: $2,208,026Expenses 2021: $1,266,183Net Income 2021: $941,8432021Revenue 2022: $5,284,967Expenses 2022: $1,297,140Net Income 2022: $3,987,8272022Revenue 2023: $5,776,652Expenses 2023: $1,853,460Net Income 2023: $3,923,1922023Revenue 2024: $11,801,333Expenses 2024: $2,423,869Net Income 2024: $9,377,4642024

Highlighted filing

2016

Revenue$1,142,728
Expenses$538,122
Net Income$604,606
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$1,699,856
Mission and Program Overview

Mission

The mission of midwest housing development fund is to promote sustainable community development and quality of life in the midwest by providing resources for the development of affordable housing.

To promote sustainable community development and quality of life in the midwest united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,115,079$2,709,410▼ $3,405,669
Pledges and Grants Receivable$69,570$114,570▲ $45,000
Accounts Receivable$79,905$100,763▲ $20,858
Prepaid Expenses and Deferred Charges$2,646$3,328▲ $682
Land, Buildings, and Equipment, Net$2,409$1,520▼ $889
Total Assets$19,892,755$16,994,820▼ $2,897,935
Other Assets Total$13,623,146$14,065,229▲ $442,083
Liabilities
Unsecured Notes Loans Payable-$13,526,219-
Mortgage Notes Payable Secured by Investment Property$17,600,631$564,447▼ $17,036,184
Accounts Payable and Accrued Expenses$45,229$52,653▲ $7,424
Total Liabilities$17,645,860$14,143,319▼ $3,502,541
Net Assets / Fund Balance
Unrestricted Net Assets$2,246,895$2,851,501▲ $604,606
Total Net Assets Fund Balance$2,246,895$2,851,501▲ $604,606
Total Liabilities and Net Assets / Fund Balance$19,892,755$16,994,820▼ $2,897,935

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,520$16,722$18,242
Other Assets Org$14,065,229--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lara HuskeySenior Vice PresidentFT$102,631$102,631

Board Members and Trustees

NameTitle
Richard SchenckChairperson
Becky ChristoffersenPresident
John WiechmannExecutive Vice President
Christine HensleyDirector
James ZimmermanDirector
Renee DesaiDirector
Valerie ThompsonDirector
Vicki LeaDirector
Vicky DaytonDirector
Jason MainCFO
Kim KuhleSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$657,128
Program Service Revenue
$491,641
Investment Income
$-6,041
Other Revenue
$0
All Other Contributions
$657,128
Change in Net Assets
$604,606

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3,370$557,128Fair Market Value (FMV)
Total Noncash Contributions3,370$557,128-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,142,728
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,142,728
Total Revenue per Form 990
$1,142,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$416,554
Salaries, Compensation, and Employee Benefits$121,568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$355,936--$355,936
Current Officers, Directors, Trustees, and Key Employees$110,924--$110,924
Fees for Services Management-$25,000-$25,000
Conferences and Meetings-$10,049-$10,049
Payroll Taxes$7,851--$7,851
Office Expenses-$5,658-$5,658
Fees for Services Accounting-$5,235-$5,235
Other Expenses$5,139--$5,139
Fees for Services Legal$4,326--$4,326
Other Employee Benefits$2,793--$2,793
Information Technology-$2,306-$2,306
Insurance-$1,483-$1,483
Depreciation Depletion$889--$889
Fees for Services Other$533--$533
Total Functional Expenses$488,391$49,731$0$538,122

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$538,122
Total Expenses per Audited Statements$538,122
Total Expenses per Form 990$538,122
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Midwest housing development fund entered into a management agreement for a period of three years commencing december 11, 2015 with midwest housing equity group, inc., a 501(c)(3) organization, to manage the affairs of midwest housing development fund. The agreement may be extended for an additional term of five years, or any lesser increment of time, upon the signed, written agreement of the parties.

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

A draft of the form 990 is provided to the president and is reviewed in detail. The return is not filed until the form 990 and all supplemental information attached to the return has been approved by the president. The president is the authorized signer for the form 990.

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

All loans made to organizations that could be of financial benefit to the above mentioned individuals go through an approval process by a loan committee consisting of independent board members.

Form 990, Part VI, Section C, Line 19

Midwest housing development fund does not make its governing documents, conflict of interest policy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Midwest Housing Development Fund Inc
EIN
84-1686593
Phone
4023348899
Address
515 N 162ND AVE NO 202, OMAHA, NE 68118

Signing Officer

Name
Becky Christoffersen
Title
President
Phone
4023348899
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Becky Christoffersen
Formed
2000
Legal Domicile
Ne
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
Preparer
Ellen Wilde
Phone
3178485700
Supplemental Narrative

Additional Explanations

PART XII FINANCIAL STATEMENTS AND REPORTING LINE 2C:

When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed by the applicable tax authorities.

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IRS990/MissionDesc0THE MISSION OF MIDWEST HOUSING DEVELOPMENT FUND IS TO PROMOTE SUSTAINABLE COMMUNITY DEVELOPMENT AND QUALITY OF LIFE IN THE MIDWEST BY PROVIDING RESOURCES FOR THE DEVELOPMENT OF AFFORDABLE HOUSING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt017600631
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0564447
IRS990/NetAssetsOrFundBalancesBOYAmt02246895
IRS990/NetAssetsOrFundBalancesEOYAmt02851501
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-7885
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-7885
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt0657128
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05658
IRS990/OfficeExpensesGrp/TotalAmt05658
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013623146
IRS990/OtherAssetsTotalGrp/EOYAmt014065229
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02793
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02793
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/ProgramServicesAmt05139
IRS990/OtherExpensesGrp/TotalAmt05139
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt07851
IRS990/PayrollTaxesGrp/TotalAmt07851
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt069570
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0114570
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02646
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03328
IRS990/PrincipalOfficerNm0BECKY CHRISTOFFERSEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME - LOAN
IRS990/ProgramServiceRevenueGrp/Desc1ORIGINATION FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0413547
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt178094
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0413547
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt178094
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0100000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01806
IRS990/PYOtherExpensesAmt0375333
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0375876
IRS990/PYRevenuesLessExpensesAmt057066
IRS990/PYSalariesCompEmpBnftPaidAmt045283
IRS990/PYTotalExpensesAmt0420616
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0477682
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0604606
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0483756
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INCLUDED ON PAGE 9, PART VIII IN CURRENT YEAR OTHER REVENUE LINE 7C IS A LOSS ON SALE OF SECURITIES OF $7,885. THE LOSS IS NOT BEING INCLUDED ON SCHEDULE A, PART III, LINE 12 BECAUSE IT DOES NOT MEET THE DEFINITION OF SUPPORT AS DEFINED IN SECTION 509(D) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0657128
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0459558
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0612451
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt061354
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01890491
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01844
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01806
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03357
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04277
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03158
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt014442
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0491641
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0375876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0398920
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0337185
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0176206
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01779828
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01844
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01806
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03357
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04277
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt014442
IRS990ScheduleA/InvestmentIncomeCYPct00.00390
IRS990ScheduleA/InvestmentIncomePYPct00.00640
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99610
IRS990ScheduleA/PublicSupportPY509Pct00.99360
IRS990ScheduleA/PublicSupportTotal509Amt03670319
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01148769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0475876
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0858478
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0949636
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0237560
IRS990ScheduleA/Total509Grp/TotalAmt03670319
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01150613
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0477682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0861835
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0953913
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0240718
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03684761
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0538122
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014065229
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PROGRAM-RELATED LOANS TO LOW-INCOME HOUSING DEVELOPERS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01520
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016722
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018242
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01142728
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01520
IRS990ScheduleD/TotalBookValueOtherAssetsAmt014065229
IRS990ScheduleD/TotalExpensesPerForm990Amt0538122
IRS990ScheduleD/TotalRevenuePerForm990Amt01142728
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01142728
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0538122
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03370
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0557128
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MIDWEST HOUSING DEVELOPMENT FUND ENTERED INTO A MANAGEMENT AGREEMENT FOR A PERIOD OF THREE YEARS COMMENCING DECEMBER 11, 2015 WITH MIDWEST HOUSING EQUITY GROUP, INC., A 501(C)(3) ORGANIZATION, TO MANAGE THE AFFAIRS OF MIDWEST HOUSING DEVELOPMENT FUND. THE AGREEMENT MAY BE EXTENDED FOR AN ADDITIONAL TERM OF FIVE YEARS, OR ANY LESSER INCREMENT OF TIME, UPON THE SIGNED, WRITTEN AGREEMENT OF THE PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE FORM 990 IS PROVIDED TO THE PRESIDENT AND IS REVIEWED IN DETAIL. THE RETURN IS NOT FILED UNTIL THE FORM 990 AND ALL SUPPLEMENTAL INFORMATION ATTACHED TO THE RETURN HAS BEEN APPROVED BY THE PRESIDENT. THE PRESIDENT IS THE AUTHORIZED SIGNER FOR THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL LOANS MADE TO ORGANIZATIONS THAT COULD BE OF FINANCIAL BENEFIT TO THE ABOVE MENTIONED INDIVIDUALS GO THROUGH AN APPROVAL PROCESS BY A LOAN COMMITTEE CONSISTING OF INDEPENDENT BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MIDWEST HOUSING DEVELOPMENT FUND DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII FINANCIAL STATEMENTS AND REPORTING LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt019892755
IRS990/TotalAssetsEOYAmt016994820
IRS990/TotalAssetsGrp/BOYAmt019892755
IRS990/TotalAssetsGrp/EOYAmt016994820
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0657128
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$96.3$59.2$37.1$11.8$2.42$9.38
2023Detailed filing. Detailed filing data is available for this year.$74.7$49.4$25.3$5.78$1.85$3.92
2022Detailed filing. Detailed filing data is available for this year.$56.7$36.9$19.9$5.28$1.30$3.99
2021Detailed filing. Detailed filing data is available for this year.$35.9$24.2$11.7$2.21$1.27$0.94
2020Detailed filing. Detailed filing data is available for this year.$33.3$23.4$9.86$1.98$1.12$0.85
2019Detailed filing. Detailed filing data is available for this year.$31.2$22.2$9.01$3.82$0.89$2.93
2018Detailed filing. Detailed filing data is available for this year.$22.6$17.3$5.31$1.38$0.74$0.64
2017Detailed filing. Detailed filing data is available for this year.$20.3$17.4$2.97$0.66$0.54$0.12
2016Detailed filing. Detailed filing data is available for this year.$17.0$14.1$2.85$1.14$0.54$0.60
2015Detailed filing. Detailed filing data is available for this year.$19.9$17.6$2.25$0.48$0.42$0.06
2014Detailed filing. Detailed filing data is available for this year.$14.1$11.9$2.19$0.86$0.35$0.52
2013Detailed filing. Detailed filing data is available for this year.$12.8$11.1$1.67$0.95$0.32$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.60$7.56$1.04$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$5.45$0.97$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.78$4.88$0.90$0.10