Midwest Affordable Housing Corporation

Analysis

Midwest Affordable Housing Corporation is a registered charity in United States, based in Fox Point, WI. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Midwest Affordable Housing Corporation reported income of $2.0m and spending of $2.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midwest Affordable Housing Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include Columbus Affordable Housing Services Inc ($2.0m), Grand Concourse East Housing Development Fund Corporation ($2.0m) and Habitat for Humanity International Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $20k (0.9% of expenses). At year end it held assets of $23.1m against liabilities of $11.7m, net assets of $11.4m.