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Midwest Housing Development Fund Inc

EIN 84-1686593 · Omaha, NE

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF MIDWEST HOUSING DEVELOPMENT FUND IS TO PROMOTE SUSTAINABLE COMMUNITY DEVELOPMENT AND QUALITY OF LIFE IN THE MIDWEST BY PROVIDING RESOURCES FOR THE DEVELOPMENT OF AFFORDABLE HOUSING.

Income
$11.8 million
Spending
$2.4 million
Spent on programs
98%
Reserves
Over 10 years of spending
Largest source of income
donations and private grants, 55%
Employees
4
Volunteers
0
Highest pay
$616,342, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100. Higher than 41% of charities in its peer group (philanthropy, $10m to $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    5 of 20

    It owes 61% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 79% of income.

  • Income trend

    15 of 15

    Income rose 104% on the year before.

  • Spending floor

    15 of 15

    98% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 37% of charities in its peer group (philanthropy, $10m to $100m).

  • Independent board

    25 of 25

    8 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $2.4 million spent. MIDWEST 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 AFFORDABLE, WORKFORCE HOUSING IN 2017. IN 2020 MHDF EXPANDED THE DEVELOPMENT SERVICES IN NEBRASKA TO THE METRO OMAHA IOWA COUNTIES. THESE TECHNICAL ASSISTANCE SERVICES ARE FOR AFFORDABLE AND WORKFORCE HOUSING AND THE INITIATIVE IS NAMED MIDWEST HOUSING RESOURCE NETWORK. THE MIDWEST HOUSING RESOURCE NETWORK FUNCTIONS CONTINUE THROUGH THE COMBINED EFFORTS OF NEBRASKA STRATEGIC HOUSING COUNCIL LED BY THE NEBRASKA INVESTMENT FINANCE AUTHORITY, THE NEBRASKA HOUSING DEVELOPERS' ASSOCIATION TECHNICAL ASSISTANCE, AND MIDWEST HOUSING DEVELOPMENT FUND DIRECT DEVELOPMENT SERVICES AND TECHNICAL ASSISTANCE TO DEVELOPERS, COMMUNITY LEADERS AND HOUSING STAKEHOLDERS. MHDF PARTICIPATES AS A MEMBER OF THE NEBRASKA STRATEGIC HOUSING COUNCIL CORE TEAM AND THE NEBRASKA HOUSING DEVELOPERS' ASSOCIATION BOARD OF DIRECTORS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2005.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.