Overview
What is Midwest Affordable Housing Corp C/O Philip J Schultz?
Midwest Affordable Housing Corp C/O Philip J Schultz is a nonprofit organization based in Fox Point, Wisconsin. Their primary mission is to foster, develop, and preserve affordable and senior housing for the elderly and low-income individuals. This mission is carried out through the management of properties such as Greentree Glen, LLC, Kenosha Seniors Limited Partnership, Teutonia Gardens, LLC, and MAHC Francis Meadows, LLC. The organization's work is guided by a commitment to respect and serve the residents of these properties. They play a crucial role in providing affordable housing solutions within the state of Wisconsin.
What are the reviews and ratings of this charity?
Charity Navigator rating: 75% (Three-Star out of Four Star rating)
Midwest Affordable Housing Corp has achieved a solid Three-Star rating, reflecting a commendable level of accountability and finance management. The organization scored 75% in this category, indicating effective use of resources and transparency in operations. Notably, the charity benefits from an entirely independent board of directors, ensuring unbiased governance.
The organization demonstrates strong fiscal responsibility, with a program expense ratio of 96.85%, indicating that nearly all of its expenditures are directed toward its mission-related activities. This high percentage suggests a commitment to maximizing the impact of donations. Additionally, the charity exhibits robust policies for conflict of interest and document retention, further underscoring its commitment to ethical practices.
While Midwest Affordable Housing Corp has received a good overall score, areas for improvement could be explored to enhance its rating further. Continued focus on maintaining financial health and expanding programmatic impact will be essential as the organization moves forward.
This AI summary has been generated from information found on Charity Navigator.
Is Midwest Affordable Housing Corp C/O Philip J Schultz legitimate?
Midwest Affordable Housing Corp C/O Philip J Schultz is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Affordable Housing Corp C/O Philip J Schultz submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $19,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Midwest Affordable Housing Corp C/O Philip J Schultz?
The Midwest Affordable Housing Corporation, in its mission, strives to foster, develop, and preserve affordable and senior housing. This is done with respect for the residents who will be served. The organization provides housing for the elderly and low-income individuals, ensuring they have suitable living spaces at properties such as Greentree Glen, LLC, Kenosha Seniors Limited Partnership, Teutonia Gardens, LLC, and MAHC Francis Meadows, LLC.
Who is the CEO of Midwest Affordable Housing Corp C/O Philip J Schultz?
Philip J Schultz is the President of Midwest Affordable Housing Corp C/O Philip J Schultz.
What is the revenue of Midwest Affordable Housing Corp C/O Philip J Schultz?
Midwest Affordable Housing Corp C/O Philip J Schultz's revenue in 2022 was $2,063,392.
Who are the executives of Midwest Affordable Housing Corp C/O Philip J Schultz and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $8,348
- Related: $0
- Other: $0
- Compensation: $5,564
- Related: $0
- Other: $0
- Compensation: $5,564
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Midwest Affordable Housing Corp C/O Philip J Schultz?
Midwest Affordable Housing Corp C/O Philip J Schultz's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Midwest Affordable Housing Corp C/O Philip J Schultz
Midwest Affordable Housing Corp C/O Philip J Schultz is committed to fostering, developing, and preserving affordable and senior housing for residents in need. The organization's mission is centered around respecting the individuals who will reside in the properties it manages. Midwest Affordable Housing Corp C/O Philip J Schultz works towards providing housing solutions for elderly and low-income individuals in Wisconsin, overseeing properties such as Greentree Glen, LLC, Kenosha Seniors Limited Partnership, Teutonia Gardens, LLC, and MAHC Francis Meadows, LLC. The corporation's mission is to ensure that these communities have access to secure, affordable living environments, contributing to their overall well-being and quality of life.
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Impact
July, 2024
Midwest Affordable Housing Corp, under the direction of Philip J Schultz, has had a significant impact on fostering, developing, and preserving affordable and senior housing in Wisconsin. Through properties like Greentree Glen, Kenosha Seniors Limited Partnership, Teutonia Gardens, and MAHC Francis Meadows, this organization has provided housing for the elderly and low-income individuals in the state. Their mission, centered around respect for the residents they serve, underscores their commitment to ensuring that affordable housing options are available to those in need.
This information is meant to be a general summary of Midwest Affordable Housing Corp C/O Philip J Schultz. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $100,296
- Program Service Revenue: $1,963,096
- Gross Receipts: $2,063,392
Assets and Liabilities:
- Total Assets: $23,338,161
- Total Liabilities: $11,788,816
- Net Assets: $11,549,345
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,815,313
MISC INCOME FROM TENAN
Revenue
$84,046
GAIN/LOSS FROM INVESTM
Revenue
$63,737
Organization Details
Founding Year
2000
Phone
(414) 588-2221Principal Officer
Philip J Schultz
Main Address
7861 NORTH FAIRCHILD ROAD, FOX POINT, WI, 53217
NTEE Category
Code: L20 - Housing
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