Program areas at Midwest Housing Development Fund
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 250+ loans totaling over $150 million. These loans helped create over 9,100 affordable rental Housing units for individuals and families across the Midwest. During the year ended december 31, 2023, the organization was able to provide over $45 million between 34 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.
Who funds Midwest Housing Development Fund
Grants from foundations and other nonprofits
Personnel at Midwest Housing Development Fund
| Name | Title | Compensation | Date of data |
|---|
| Lara Huskey | Executive Vice President and Treasurer and Chief Financial Officer | $209,369 | 2023-12-31 |
| David S Fisher | President | $251,490 | 2024-06-13 |
| Paula Kaslon | Director of Loan Administration | | 2023-07-19 |
| Barry Sandstrom | Chairperson | $0 | 2023-12-31 |
| Matthew Cavanaugh | Secretary | $0 | 2023-12-31 |
| ...and 5 more key personnel |
Financials for Midwest Housing Development Fund
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $2,997,352 | $3,743,923 | -19.9% |
| Program services | $2,238,314 | $1,451,297 | 54.2% |
| Investment income and dividends | $540,986 | $89,747 | 502.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| 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 | $5,776,652 | $5,284,967 | 9.3% |
Organizations like Midwest Housing Development Fund
| Organization | Type | Location | Revenue |
|---|
| Neighborworks Capital Corporation | 501(c)(3) | Silver Spring, MD | $11,430,153 |
| MoFi | 501(c)(3) | Missoula, MT | $20,160,998 |
| Massachusetts Housing Investment Corporation (MHIC) | 501(c)(3) | Boston, MA | $16,061,783 |
| Opportunity Resource Fund | 501(c)(3) | Lansing, MI | $3,996,660 |
| Community Investment Corporation | 501(c)(3) | Chicago, IL | $17,601,990 |
| Housing Trust Fund Ventura County | 501(c)(3) | Camarillo, CA | $4,127,413 |
| Lowell Community Loan Fund | 501(c)(3) | Lawrence, MA | $6,574,062 |
| Impact Development Fund | 501(c)(3) | Loveland, CO | $5,955,090 |
| Vermont Community Loan Fund | 501(c)(3) | Montpelier, VT | $3,257,007 |
| Renaissance Community Loan Fund | 501(c)(3) | Gulfport, MS | $5,391,783 |
Data update history
August 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 1, 2024
Updated personnel
Identified 1 new personnel
July 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Housing and shelter organizationsCommunity Development Financial InstitutionsChapter / child organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
Provides grantsReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 515 N 162nd Ave 202
- Omaha, NE 68118
- Metro area
- Omaha-Council Bluffs, NE-IA
- County
- Douglas County, NE
- Website URL
- mhdfinc.com/Â
- Phone
- (402) 334-8899
IRS details
- EIN
- 84-1686593
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2000
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L20: Housing Development, Construction, Management
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Subordinate organization
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