Civic Intelligence

Midwest Housing Development Fund Inc.

990 • Fiscal year 2017 • EIN 84-1686593

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Organization ProfileWWW.MHDFINC.COM
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

88th percentile

0.85x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

26.47x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

77th percentile

18%

Higher net margin than 77% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

26th percentile

$110,558

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

83rd percentile

20%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-43%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$20,343,016

Up $3,348,196 (+20%) from 2016

Net Assets

Up

$2,967,222

Up $115,721 (+4.1%) from 2016

Liabilities

Up

$17,375,794

Up $3,232,475 (+23%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin77th percentile

Revenue

Down

$656,383

Down $486,345 (-43%) from 2016

Expenses

Up

$540,662

Up $2,540 (+0.5%) from 2016

Net Income

Down

$115,721

Down $488,885 (-81%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

2017

Assets$20,343,016
Liabilities$17,375,794
Net Assets$2,967,222
Open 2017 Filing

Operations Trend

Revenue Growth5th percentile

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

2017

Revenue$656,383
Expenses$540,662
Net Income$115,721
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$656,383
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$2,709,410$4,700,682▲ $1,991,272
Pledges and Grants Receivable$114,570$100,000▼ $14,570
Accounts Receivable$100,763$96,190▼ $4,573
Prepaid Expenses and Deferred Charges$3,328$1,741▼ $1,587
Land, Buildings, and Equipment, Net$1,520$631▼ $889
Total Assets$16,994,820$20,343,016▲ $3,348,196
Other Assets Total$14,065,229$15,443,772▲ $1,378,543
Liabilities
Unsecured Notes Loans Payable$13,526,219$17,223,517▲ $3,697,298
Mortgage Notes Payable Secured by Investment Property$564,447$90,000▼ $474,447
Accounts Payable and Accrued Expenses$52,653$62,277▲ $9,624
Total Liabilities$14,143,319$17,375,794▲ $3,232,475
Net Assets / Fund Balance
Unrestricted Net Assets$2,851,501$2,967,222▲ $115,721
Total Net Assets Fund Balance$2,851,501$2,967,222▲ $115,721
Total Liabilities and Net Assets / Fund Balance$16,994,820$20,343,016▲ $3,348,196

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$631$17,611$18,242
Other Assets Org$15,443,772--
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lara HuskeySenior Vice PresidentFT$110,558$110,558

Board Members and Trustees

NameTitle
Richard SchenckChairperson
David S FisherPresident
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
$220,000
Program Service Revenue
$431,768
Investment Income
$4,615
Other Revenue
$0
All Other Contributions
$220,000
Change in Net Assets
$115,721

Audited Revenue Reconciliation

Revenue per Audited Statements
$656,383
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$656,383
Total Revenue per Form 990
$656,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$398,031
Salaries, Compensation, and Employee Benefits$142,631
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$267,437--$267,437
Current Officers, Directors, Trustees, and Key Employees$131,342--$131,342
Other Expenses$40,200--$40,200
Fees for Services Other$2,042$32,750-$34,792
Fees for Services Management$10,200$15,300-$25,500
Conferences and Meetings$6,041$3,020-$9,061
Payroll Taxes$8,458--$8,458
Fees for Services Legal$5,956--$5,956
Office Expenses$2,227$3,198-$5,425
Fees for Services Accounting$2,160$3,240-$5,400
Other Employee Benefits$2,831--$2,831
Insurance-$2,022-$2,022
Information Technology-$1,349-$1,349
Depreciation Depletion$889--$889
Total Functional Expenses$479,783$60,879$0$540,662

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$540,662
Total Expenses per Audited Statements$540,662
Total Expenses per Form 990$540,662
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
David S Fisher
Title
President
Phone
4023348899
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David S Fisher
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 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/LandBldgEquipBasisNetGrp/BOYAmt01520
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0631
IRS990/LandBldgEquipCostOrOtherBssAmt018242
IRS990/LegalDomicileStateCd0NE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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/BOYAmt0564447
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt090000
IRS990/NetAssetsOrFundBalancesBOYAmt02851501
IRS990/NetAssetsOrFundBalancesEOYAmt02967222
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03198
IRS990/OfficeExpensesGrp/ProgramServicesAmt02227
IRS990/OfficeExpensesGrp/TotalAmt05425
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014065229
IRS990/OtherAssetsTotalGrp/EOYAmt015443772
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02831
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02831
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/ProgramServicesAmt040200
IRS990/OtherExpensesGrp/TotalAmt040200
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt08458
IRS990/PayrollTaxesGrp/TotalAmt08458
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0114570
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0100000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03328
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01741
IRS990/PrincipalOfficerNm0DAVID S FISHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME - LOAN
IRS990/ProgramServiceRevenueGrp/Desc1ORIGINATION FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0376963
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt154805
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0376963
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt154805
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0657128
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-6041
IRS990/PYOtherExpensesAmt0416554
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0491641
IRS990/PYRevenuesLessExpensesAmt0604606
IRS990/PYSalariesCompEmpBnftPaidAmt0121568
IRS990/PYTotalExpensesAmt0538122
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01142728
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0115721
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0431768
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0220000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0657128
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0459558
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0612451
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02049137
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04615
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01844
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01806
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03357
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04277
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015899
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0431768
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0491641
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0375876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0398920
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0337185
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02035390
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04615
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01844
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01806
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03357
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04277
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015899
IRS990ScheduleA/InvestmentIncomeCYPct00.00390
IRS990ScheduleA/InvestmentIncomePYPct00.00390
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99610
IRS990ScheduleA/PublicSupportPY509Pct00.99610
IRS990ScheduleA/PublicSupportTotal509Amt04084527
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0651768
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01148769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0475876
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0858478
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0949636
IRS990ScheduleA/Total509Grp/TotalAmt04084527
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0656383
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01150613
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0477682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0861835
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0953913
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04100426
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0540662
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015443772
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PROGRAM-RELATED LOANS TO LOW-INCOME HOUSING DEVELOPERS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0631
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017611
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018242
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0656383
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/TotalBookValueLandBuildingsAmt0631
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015443772
IRS990ScheduleD/TotalExpensesPerForm990Amt0540662
IRS990ScheduleD/TotalRevenuePerForm990Amt0656383
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0656383
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0540662
IRS990/ScheduleJRequiredInd00
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/TotalAssetsBOYAmt016994820
IRS990/TotalAssetsEOYAmt020343016
IRS990/TotalAssetsGrp/BOYAmt016994820
IRS990/TotalAssetsGrp/EOYAmt020343016
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0220000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060879
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0479783
IRS990/TotalFunctionalExpensesGrp/TotalAmt0540662
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014143319
IRS990/TotalLiabilitiesEOYAmt017375794
IRS990/TotalLiabilitiesGrp/BOYAmt014143319
IRS990/TotalLiabilitiesGrp/EOYAmt017375794
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02851501
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02967222
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0479783
IRS990/TotalProgramServiceRevenueAmt0431768
IRS990/TotalReportableCompFromOrgAmt0110558
IRS990/TotalRevenueGrp/ExclusionAmt04615
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0431768
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0656383

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,343,016
Liabilities
$17,375,794
Net assets
$2,967,222
Revenue
$656,383
Expenses
$540,662
Net income
$115,721
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