Midwest Affordable Housing Corporation

Organization Overview

Midwest Affordable Housing Corporation is located in Fox Point, WI. The organization was established in 2002. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Affordable Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Midwest Affordable Housing Corporation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER, DEVELOP AND PRESERVE AFFORDABLE AND SENIOR HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING HOUSING FOR THE ELDERLY AND LOW-INCOME INDIVIDUALS LOCATED IN WISCONSIN AT PROPERTIES INCLUDING GREENTREE GLEN, LLC, KENOSHA SENIORS LIMITED PARTNERSHIP, TEUTONIA GARDENS, LLC, AND MAHC FRANCIS MEADOWS, LLC.


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Board, Officers & Key Employees

Name (title)Compensation
Philip J Schultz
President
$8,104
John Mccarty
Vice President
$5,402
Katie Grand
Secretary/treasurer
$5,402

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $850,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$850,000
Total Program Service Revenue$1,815,552
Investment income $108,907
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,774,459

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