Program areas at MHEG
Midwest Housing Equity Group, Inc. (mheg) provides acquisition, advisory and asset management services primarily by acting as the general partner of approximately 49 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 2022, mheg partnered with 36 developers to close over $230 million in Equity for 41 developments, creating 1,778 affordable Housing units. This included 17 age restricted developments, 20 multifamily developments, two single family home property, and two special needs Housing developments. Projects ranged from a 15-unit rural deal in Nebraska to an 124-unit urban deal in Kansas, representing 37 Midwest communities.
Personnel at MHEG
Name | Title | Compensation | Date of data |
---|
John Wiechmann | Chief Executive Officer | $1,006,067 | 2023-06-14 |
Ann Burge | Chief Operating Officer | $566,546 | 2023-06-14 |
Becky Christoffersen | Chief Investment Officer | $622,781 | 2023-06-14 |
Jason Main | Chief Financial Officer | $556,927 | 2023-06-16 |
Andrea Frymire | Vice President of Community Investments | $260,318 | 2022-12-31 |
...and 22 more key personnel |
Financials for MHEG
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $0 | $983,902 | -100% |
Program services | $17,344,699 | $15,330,213 | 13.1% |
Investment income and dividends | $514,021 | $347,893 | 47.8% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $-11,402 | $0 | -999% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $17,847,318 | $16,662,008 | 7.1% |
Organizations like MHEG
Organization | Type | Location | Revenue |
---|
California Housing Partnership Corporation (CHPC) | 501(c)(3) | San Francisco, CA | $8,282,451 |
Satellite Affordable Housing Associates | 501(c)(3) | Berkeley, CA | $13,591,508 |
Housing Partnership Network (HPN) | 501(c)(3) | Boston, MA | $12,049,370 |
Neighborhood Housing Services of Chicago | 501(c)(3) | Chicago, IL | $4,608,937 |
EAH Housing | 501(c)(3) | San Rafael, CA | $53,747,905 |
Homeport | 501(c)(3) | Columbus, OH | $9,893,694 |
Belmont Housing Resources for Wny | 501(c)(3) | Buffalo, NY | $8,832,569 |
Fordham Bedford Housing Corporation | 501(c)(3) | Bronx, NY | $7,445,904 |
Alta Housing | 501(c)(3) | Palo Alto, CA | $6,709,968 |
WOMEN'S Housing and Economic Development Corporation (WHEDco) | 501(c)(3) | Bronx, NY | $35,553,699 |
Data update history
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 19, 2023
Updated personnel
Identified 1 new personnel
May 9, 2023
Used new vendors
Identified 1 new vendor, including
January 31, 2022
Updated personnel
Identified 1 new personnel
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
Political advocacyLobbyingManagement and technical assistanceTax deductible donations
General information
- Address
- 515 N 162nd Ave 202
- Omaha, NE 68118
- Metro area
- Omaha-Council Bluffs, NE-IA
- Website URL
- mheginc.com/Â
- Phone
- (402) 334-8899
- Facebook page
- Midwest-Housing-Equity-GroupÂ
- Twitter profile
- @mhegincÂ
IRS details
- EIN
- 47-0767984
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1993
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L80: Housing Support Services
- NAICS code, primary
- 62422: Community Housing Services
- Parent/child status
- Central organization
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