Midwest Housing Equity Group Inc
Midwest Housing Equity Group Inc. (MHEG) is a public charity based in Omaha, Nebraska. It is a nonprofit tax credit syndicator whose work centers on financing and supporting the development and sustainability of affordable housing through the federal Low-Income Housing Tax Credit program.
Midwest Housing Equity Group Inc at a glance
In short: Midwest Housing Equity Group Inc gave $161K across 10 grants in 2024 (avg $16K), mostly in Nebraska. 30% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $160,824
- +58.4% vs 2023
- Grants made (2024)
- 10
- -9.1% vs 2023
- Average grant
- $16,082
- +74.3% vs 2023
- Median grant
- $17,500
- Total assets
- $76,584,283
- +8.4% vs 2023
- New grantees (estimate)
- 30% first-time grantees (3 of 10, 2024; small sample)
- Primary geography
- Nebraska (60% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Midwest Housing Equity Group Inc
- Contact
Mailing address: 515 N 162Nd Ave 202, Omaha, NE 68118
Phone: (402) 334-8899
Website: https://mheginc.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Midwest Housing Equity Group Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Omaha Performing Arts ($30K). Together the top 10 received $161K.
Grant Size Distribution
52 grants across all recorded years
The most common grant size was under $50K: 50 grants of 52 (96%).
Geographic Focus
Where this funder awards grants
MHEG is headquartered in Omaha, Nebraska. Its website describes housing work in urban, suburban, and rural communities. Its 2024 filing says the year’s developments represented 38 Midwest communities, including the organization’s first developments in Arizona and Wyoming. In 2024, grant dollars went to recipients in Nebraska (60%), Oklahoma (12%), Pennsylvania (12%), Missouri (9%), and California (6%).
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
Is Midwest Housing Equity Group Inc open to new grantees?
30%
first-time grantees, 2024
In 2024, 3 of 10 grantees (30%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $12K; repeat grants $18K. How we count
Medians: $10K first-time, $20K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $91K (2022) to $231K (2021). In 2024 it made 10 grants totaling $161K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Omaha Performing Arts Omaha, NE | Donation used to further the mission of the organization | $29,600 |
| Hayes Cares Omaha, NE | Donation used to further the mission of the organization | $20,000 |
| Oklahoma Christian School Incorporated Edmond, OK | Donation used to further the mission of the organization | $20,000 |
| Omaha Community Foundation Omaha, NE | Donation used to further the mission of the organization | $20,000 |
| Shady Side Academy Pittsburgh, PA | Donation used to further the mission of the organization | $20,000 |
| Education Foundation for Clinton Students Inc Clinton, MO | Donation used to further the mission of the organization | $15,000 |
| United Way of the Midlands Omaha, NE | Donation used to further the mission of the organization | $10,000 |
| Seal Family Foundation Carlsbad, CA | Donation used to further the mission of the organization | $10,000 |
| Mid-America Council Boy Scout Trust Inc Omaha, NE | Donation used to further the mission of the organization | $10,000 |
| Offutt Advisory Council Offutt AFB, NE | Donation used to further the mission of the organization | $6,224 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $76,584,283 | $20,678,005 | $15,073,164 | $160,824 | 10 | $1,197,943 |
| 2023 | $70,650,142 | $19,164,596 | $14,071,883 | $101,500 | 11 | $989,827 |
| 2022 | $64,673,112 | $17,847,318 | $12,897,907 | $91,000 | 9 | $502,619 |
| 2021 | $59,910,097 | $16,662,008 | $11,763,985 | $230,960 | 8 | $347,893 |
| 2020 | $55,072,808 | $14,329,686 | $10,445,879 | $155,750 | 14 | $487,870 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
MHEG’s mission is “to change lives for a better tomorrow by promoting the development and sustainability of quality affordable housing.” Its housing work includes multifamily, age-restricted, and special-needs properties, as well as new construction, rehabilitation, and historic preservation. The organization also provides technical and advisory services to housing partnerships.
MHEG’s filing says it makes grants to other 501(c)(3) organizations. Examples of grantees’ stated missions include Shady Side Academy’s pre-K–12 educational work, Omaha Community Foundation’s work cultivating generosity and strengthening nonprofits, United Way of the Midlands’ effort to unite community caring to build a stronger tomorrow, and Offutt Advisory Council’s support for Offutt Air Force Base personnel through morale-enhancing activities and charitable acts.
Grantmaking
In 2024, MHEG reported 10 grants totaling $160,824. Grants ranged from $6,224 to $29,600, with a median grant of $17,500. The organization states that grant funding varies with its net income and that its executive committee and board of directors select tax-exempt recipients.
The largest reported grant was $29,600 to Omaha Performing Arts. Other grants included $20,000 each to Hayes Cares, Oklahoma Christian School Incorporated, Omaha Community Foundation, and Shady Side Academy; $15,000 to Education Foundation for Clinton Students Inc.; $10,000 each to United Way of the Midlands, Seal Family Foundation, and Mid-America Council Boy Scout Trust Inc.; and $6,224 to Offutt Advisory Council. Each was described as a donation to further the recipient organization’s mission.
Leadership & Key People
Leadership team and compensation from IRS filings
MHEG’s 2024 filing lists Nicole Theophilus as chairman, Kirk Kellner as secretary, Frank Hayes as vice chairman, Barry G. Sandstrom as chairman, Christopher Hite and Kevin Lawrence as directors, Dan Lonergan as chair of the Budget & Compensation Committee, Gregg Yeutter as director, John Wiechmann as president and CEO, and Jason Main as CFO.
Midwest Housing Equity Group Inc is led by John Wiechmann, President & CEO on every filing since 2020; 10 of 18 officers listed in 2024 are compensated.
Officers on the 2024 filing
John Wiechmann
President & CEO
On filings since 2020
40 hrs/week
$833K (2020) → $1.2M (2024)
Barry G. Sandstrom
Chairman
On filings since 2020
1 hr/week
No compensation reported
Dan Lonergan
Chair of the Budget & Compensation Committee
Director → Chair of the Budget & Compensation Committee, 2024
On filings since 2020
1 hr/week
No compensation reported
Nicole Theophilus
Chairman
Director → Vice Chairman, 2023
Vice Chairman → Chairman, 2024
On filings since 2020
1 hr/week
No compensation reported
Scott Fitzpatrick
Director of Acquisitions
Ne Executive Vice President → Director of Acquisition, 2022
Director of Acquisition → Director of Acquisitions, 2024
On filings since 2020
40 hrs/week
$150K (2020) → $219K (2024)
Christopher Hite
Director
On filings since 2020
1 hr/week
No compensation reported
Gregg Yeutter
Director
On filings since 2023
1 hr/week
No compensation reported
Kevin Lawrence
Director
On filings since 2023
1 hr/week
No compensation reported
Andrea Frymire
Vice President of Community Investments
Vice President of Community Investments → Vice President of Community Investment, 2023
Vice President of Community Investment → Vice President of Community Investments, 2024
On filings since 2020
40 hrs/week
$215K (2020) → $237K (2024)
Ann Burge
COO
On filings since 2020
40 hrs/week
$464K (2020) → $621K (2024)
Becky Christoffersen
CIO
On filings since 2020
40 hrs/week
$507K (2020) → $659K (2024)
Jason Main
CFO
On filings since 2020
40 hrs/week
$474K (2020) → $609K (2024)
Jordan Abboud
Senior Vice President of Asset Management
Vice President of Asset Management → Senior Vice President of Asset Management, 2023
On filings since 2020
40 hrs/week
$241K (2020) → $284K (2024)
Tom Stratman
Chief Acquisitions Officer
Vice President of Acquisitions → Chief Acquisitions Officer, 2022
On filings since 2020
40 hrs/week
$340K (2020) → $494K (2024)
Sammy Ehtisham
Vice President of Acquisitions
Assistant Vice President of Acquisitions → Vice President of Acquisitions, 2022
On filings since 2021
40 hrs/week
$171K (2021) → $268K (2024)
Joshua Yurek
Vice President of Government Affairs & Community Outreach
New on the 2024 filing
40 hrs/week
$223K (2024)
Frank Hayes
Vice Chairman
Director → Vice Chairman, 2024
On filings since 2020
1 hr/week
No compensation reported
Kirk Kellner
Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Patrick Michaelis (2020–2023) — Vice President of Business Development
- Former: Dennis Brand (2020–2022) — Vice Chairman
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1.2M, to John Wiechmann (President and CEO). 10 officers or directors reported compensation on that filing.
Frequently asked questions about Midwest Housing Equity Group Inc
How much does Midwest Housing Equity Group Inc give each year?
Midwest Housing Equity Group Inc gave $161K across 10 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $102K across 11 grants.
What is Midwest Housing Equity Group Inc's typical grant size?
Midwest Housing Equity Group Inc's median grant in 2024 was $17,500, and its average grant was $16,082, across 10 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Midwest Housing Equity Group Inc that year got $12K on average.
Where does Midwest Housing Equity Group Inc give grants?
Midwest Housing Equity Group Inc gives mostly in Nebraska: 60% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest states were Oklahoma (12%) and Pennsylvania (12%). The most frequent recipient cities were Omaha, NE (5 grants).
Does Midwest Housing Equity Group Inc give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Midwest Housing Equity Group Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Donation Used to Further the Mission of the Organization" (10 grants).
Who are Midwest Housing Equity Group Inc's largest grantees?
Midwest Housing Equity Group Inc's largest 2024 grantees include Omaha Performing Arts ($29,600), Hayes Cares ($20,000) and Oklahoma Christian School Incorporated ($20,000), according to its 2024 IRS Form 990. Together they received 43% of its itemized 2024 grant dollars.
How large is Midwest Housing Equity Group Inc?
Midwest Housing Equity Group Inc reported $76.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $20.7M.
What does Midwest Housing Equity Group Inc fund?
MHEG’s mission is “to change lives for a better tomorrow by promoting the development and sustainability of quality affordable housing.” Its housing work includes multifamily, age-restricted, and special-needs properties, as well as new construction, rehabilitation, and historic preservation. See mission & focus areas ↑
How do I apply for a grant from Midwest Housing Equity Group Inc?
Midwest Housing Equity Group Inc has no public application process in the sources Grantable reviewed. Check mheginc.com for current guidelines, or contact the foundation directly before submitting a request.
What is Midwest Housing Equity Group Inc's EIN?
Midwest Housing Equity Group Inc's EIN (Employer Identification Number) is 47-0767984. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 5, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 16, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS June 10, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 20, 2025)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Midwest Housing Equity Group Inc funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/midwest-housing-equity-group-inc-morg_4e7bc6b13e824542b677229ee160f51c
BibTeX
@misc{grantable_470767984_2026,
author = {{Grantable}},
title = {{Midwest Housing Equity Group Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/midwest-housing-equity-group-inc-morg_4e7bc6b13e824542b677229ee160f51c},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Midwest Housing Equity Group Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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