MIDWEST HOUSING EQUITY GROUP INC Charity Report

Public IRS 990 nonprofit record

MIDWEST HOUSING EQUITY GROUP INC

EIN 47-0767984 · Housing & Shelter (L99Z)

What they do

MIDWEST HOUSING EQUITY GROUP, INCS MISSION is to CHANGE LIVES for A BETTER TOMORROW BY PROMOTING THE DEVELOPMENT and SUSTAINABILITY of QUALITY AFFORDABLE HOUSING.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

62.60%of revenue went to mission work85.9% of expenses · Program services

$72.89spent for every $100 of revenueRevenue covered expenses this year.

10.29%of revenue went to management and office costs14.1% of expenses

$5.08in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,220,752 for JOHN WIECHMANN (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$20,678,005

Mission workProgram services$12,944,48662.60% of revenue85.9% of expenses

ManagementOffice and general costs$2,128,67810.29% of revenue14.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$5,604,84127.11% of revenueShown in gray on the chart

Total expenses$15,073,16472.89% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.9% mission · 14.1% management · 0.0% fundraisingTotal expenses: 72.89% of revenue

2023Expense mix: 86.8% mission · 13.2% management · 0.0% fundraisingTotal expenses: 73.43% of revenue

2022Expense mix: 85.5% mission · 14.5% management · 0.0% fundraisingTotal expenses: 72.27% of revenue

2021Expense mix: 83.9% mission · 16.1% management · 0.0% fundraisingTotal expenses: 70.60% of revenue

2020Expense mix: 83.5% mission · 16.5% management · 0.0% fundraisingTotal expenses: 72.90% of revenue

2019Expense mix: 82.4% mission · 17.6% management · 0.0% fundraisingTotal expenses: 77.00% of revenue

2018Expense mix: 81.2% mission · 18.8% management · 0.0% fundraisingTotal expenses: 71.82% of revenue

2017Expense mix: 81.5% mission · 18.5% management · 0.0% fundraisingTotal expenses: 73.57% of revenue

Money in and money out

Revenue$20,678,005

Expenses$15,073,164

Annual surplus $5,604,841 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$12,944,486 · 85.9% of expenses

Management and office costs$2,128,678 · 14.1% of expenses

See all reported dollar amounts

Revenue$20,678,005

Expenses$15,073,164

Assets$76,584,283

Income$20,678,005

Mission work (program services)$12,944,486

Grants given$973,784

Average grant$12,172

Management and general$2,128,678

Executive compensation (total)$3,155,950

Accounting fees$28,155

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JOHN WIECHMANNPRESIDENT AND CEO · 40 hrs/week $1,220,752Base $1,164,822 · Other $55,930

BECKY CHRISTOFFERSENCIO · 40 hrs/week $707,531Base $658,644 · Other $48,887

JASON MAINCFO · 40 hrs/week $665,734Base $609,104 · Other $56,630

ANN BURGECOO · 40 hrs/week $664,041Base $621,336 · Other $42,705

TOM STRATMANCHIEF ACQUISITIONS OFFICER · 40 hrs/week $537,802Base $493,768 · Other $44,034

JORDAN ABBOUDSENIOR VP OF ASSET MANAGEMENT · 40 hrs/week $314,802Base $283,696 · Other $31,106

SAMMY EHTISHAMVP OF ACQUISITIONS · 40 hrs/week $312,458Base $267,606 · Other $44,852

ANDREA FRYMIREVP OF COMMUNITY INVESTMENTS · 40 hrs/week $265,849Base $236,926 · Other $28,923

SCOTT FITZPATRICKDIRECTOR OF ACQUISITIONS · 40 hrs/week $248,387Base $218,774 · Other $29,613

JOSHUA YUREKVP OF GOVERNMENT AFFAIRS & COMMUNITY OUTREACH · 40 hrs/week $246,466Base $223,111 · Other $23,355

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

JOHN WIECHMANNPRESIDENT AND CEO

BECKY CHRISTOFFERSENCIO

JASON MAINCFO

ANN BURGECOO

TOM STRATMANCHIEF ACQUISITIONS OFFICER

JORDAN ABBOUDSENIOR VP OF ASSET MANAGEMENT

SAMMY EHTISHAMVP OF ACQUISITIONS

ANDREA FRYMIREVP OF COMMUNITY INVESTMENTS

SCOTT FITZPATRICKDIRECTOR OF ACQUISITIONS

JOSHUA YUREKVP OF GOVERNMENT AFFAIRS & COMMUNITY OUTREACH

CHRISTOPHER HITEDIRECTOR

DAN LONERGANCHAIR OF THE BUDGET & COMPENSATION COMMITTEE

FRANK HAYESVICE CHAIRMAN

GREGG YEUTTERDIRECTOR

BARRY G SANDSTROMCHAIRMAN

KEVIN LAWRENCEDIRECTOR

KIRK KELLNERSECRETARY

NICOLE THEOPHILUSCHAIRMAN

About this charity

Recognized since: January 1993
Location: 515 N 162ND AVE 202, OMAHA, NE 68118
County: Douglas
In care of: JASON MAIN
Primary officer: JASON MAIN, CFO

How to reach them

WebsiteVisit the charity’s website Phone(402) 334-8899

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: DAUBY OCONNOR & ZALESKI LLC
NTEE classification: Housing & Shelter (L99Z)
IRS tax category: Other Community Housing Services
Grant-giving organization: Yes