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Midwest Housing Development Fund
Midwest Housing Development Fund reported $11.8 million in revenue and $2.4 million in expenses for calendar year 2024. Of every $100 it spent, $97.74 went to program services, $2.26 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 66.2% of the total. Government grants made up 11.0%. The highest compensation it reported for one person was $616,342 (PRESIDENT). 3 people received more than $100,000 in reportable compensation. Revenue rose 209% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $2.4MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.7% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.3% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 66.2% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 11.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 26.3% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $616,342 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 25.43% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 3 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 183.7 | 56.6 |
| Independent voting board members Part VI 1a–1b | 8 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseMidwest Housing Development Fund has provided and/or facilitated financing in connection with development of low and moderate income and workforce housing. Since the organization's inception, it has made 316 loans totaling over $249 million. These loans helped create over 10,000 affordable rental housing units for individuals and families across the midwest. During the year ended december 31, 2024, the organization was able to provide over $50 million between 28 new loans to help finance affordable housing. Midwest Housing Development Fund began providing and facilitating financing for…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.00 hrs/week | $568,436 | $0 | $47,906 | $616,342 |
| EXECUTIVE VP/TREASURER/CFO Officer, 40.00 hrs/week | $210,747 | $16,667 | $24,913 | $252,327 |
| SENIOR LOAN OFFICER Highest compensated employee, 40.00 hrs/week | $105,792 | $0 | $26,623 | $132,415 |
3 people received more than $100,000 in reportable compensation from Midwest Housing Development Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $690K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 54
Private foundation grants it received
1 private foundation reported grants to Midwest Housing Development Fund totaling $500K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Midwest Housing Development Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Midwest Housing Development Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Midwest Housing Development Fund spent in 2024, $97.74 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Helen Diller Family FoundationSan Francisco, CA · revenue $12M · programs 98.8% · FY2025
- Roman Catholic Foundation of Eastern MissouriSt Louis, MO · revenue $12M · programs 90.5% · 2025
- Community Foundation of Southern New MexicoLas Cruces, NM · revenue $12M · programs 93.9% · 2024
- Cambridge Community FoundationCambridge, MA · revenue $12M · programs 77.5% · FY2025
- Merit Spread FoundationNew York, NY · revenue $12M · programs 65.8% · 2025
All philanthropy, voluntarism & grantmaking charities · Largest charities in Nebraska
Questions people ask
How much of Midwest Housing Development Fund's spending goes to programs?
In calendar year 2024, Midwest Housing Development Fund reported that 97.7% of its $2.4 million in expenses went to program services, 2.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Midwest Housing Development Fund pay its top executive?
The largest total compensation Midwest Housing Development Fund reported for one person in calendar year 2024 was $616,342, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Midwest Housing Development Fund get its money?
Of $11.8 million in revenue in calendar year 2024, 66.2% came from contributions and grants (including 11.0% from government grants) and 26.3% from program service revenue (Form 990, Part VIII).
Is Midwest Housing Development Fund a registered charity?
The IRS lists EIN 84-1686593 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202522119349300307 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202411659349301906 · read the filing
- 2022: Form 990 for calendar year 2022, object 202301439349300770 · read the filing
- 2021: Form 990 for calendar year 2021, object 202241789349300134 · read the filing
- 2020: Form 990 for calendar year 2020, object 202111399349300706 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002679349300810 · read the filing
All filings for EIN 84-1686593: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.