Nebraska · Nonprofit
MIDWEST HOUSING EQUITY GROUP INC
MIDWEST HOUSING EQUITY GROUP INC (Nebraska) receives grants from 2 organizations whose IRS filings report $30,000 to it, the largest being Annette and Paul Smith Charitable Fund ($20,000). 0 of them have funded it in more than one year.
- Revenue FY2024
- $21M
- Funders on record
- 2
- Grants received
- $30k
- Net assets
- $71M
What Midwest Housing Equity Group Inc does
Mission
Midwest housing equity group, inc's mission is to change lives for a better tomorrow by promoting the development and sustainability of quality affordable housing.
As stated on its FY2024 Form 990.
Programs
On its FY2024 return the organization reported starting a significant new program.
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 development fees from constructed and rehabilitated projects.
Its own explanation, from Schedule O of that return (Part III, line 2).
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.
$12,853,822 spentof which $235,059 as grants$19,181,687 earned by the program99% of program spendingW-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.
$90,664 spent$298,375 earned by the program1% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $12,944,486.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $65M to $71M (+9%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 5%. Grants only. Government contracts and fees sit inside program revenue.
0% of MIDWEST HOUSING EQUITY GROUP INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (13% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
John Wiechmann
President and CEO
As listed on its FY2024 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of MIDWEST HOUSING EQUITY GROUP INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MIDWEST HOUSING EQUITY GROUP INC leans on a few funders — its largest provides 67% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
67% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MIDWEST HOUSING EQUITY GROUP INC.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of MIDWEST HOUSING EQUITY GROUP INC's grant income comes from Nebraska funders.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MIDWEST HOUSING EQUITY GROUP INC runs a healthier operating margin than three-quarters of the 817 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 817 housing & shelter nonprofits $10M–$100M, FY2024
Organizations like MIDWEST HOUSING EQUITY GROUP INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Nebraska
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
86% of spending goes to programs.
Governance
Public support
96%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 77 related entities
- Mheg 2011 Fund Manager LLC · disregarded
- Mheg 2012 Fund Manager LLC · disregarded
- Mheg 2013 Fund Manager LLC · disregarded
- Mheg 2014 Fund Manager LLC · disregarded
- Mheg 2015 Fund Manager LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for MIDWEST HOUSING EQUITY GROUP INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MIDWEST HOUSING EQUITY GROUP INC?
- MIDWEST HOUSING EQUITY GROUP INC (Nebraska) receives grants from 2 organizations whose IRS filings report $30,000 to it, the largest being Annette and Paul Smith Charitable Fund ($20,000). 0 of them have funded it in more than one year.
- How many funders does MIDWEST HOUSING EQUITY GROUP INC have?
- IRS filings report 2 organizations giving $30,000 in grants to MIDWEST HOUSING EQUITY GROUP INC.
- Who is the largest funder of MIDWEST HOUSING EQUITY GROUP INC?
- Annette and Paul Smith Charitable Fund is the largest funder on record, with $20,000 in grants. The full list of funders is on this page.
- How can an organization like MIDWEST HOUSING EQUITY GROUP INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Nebraska. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing