MIDWEST HOUSING EQUITY GROUP INC | OKLAHOMA CITY

OKLAHOMA CITY, OK | Oklahoma County
Affordable Housing

Overview

MIDWEST HOUSING EQUITY GROUP INC | OKLAHOMA CITY
47-0767984
500 N BROADWAY AVE
OKLAHOMA CITY, OK 73102
Oklahoma County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Affordable Housing
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
L99

L - Housing, Shelter

Housing & Shelter N.E.C.

Use this code for organizations that clearly provide housing or shelter services where the major purpose is unclear enough that a more specific code cannot be accurately assigned.

IRS Activity Codes info
380
Low-income housing
398
Instruction and guidance on housing
-
Not reported
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$17.9M
Revenue
$17.8M
Assets
$64.7M

IRS Business Master File Details info

As of Oct 2023
Exempt Ruling Date info
1993-11
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)

IRS Publication 78 Details info

As of Nov 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-12
Tax period ending in
2021-12
Tax period ending in
2020-12
Tax period ending in
2019-12
Tax period ending in
2018-12
Tax period ending in
2017-12
Tax period ending in
2016-12
Tax period ending in
2015-12

Nonprofit Location

Physical Address info
500 N BROADWAY AVE
OKLAHOMA CITY, OK 73102
Oklahoma County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
36420
MSA/MD info
40
State info
109
County info
1099.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
36420 - Oklahoma City, OK
Combined Statistical Area info
416 - Oklahoma City-Shawnee, OK
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 46.23%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
1099.00 Oklahoma County
Population
Total Population 1,564 790,938
Total Households 295 313,822
Income
Median Family Income (Census*) $70,568 $58,239
Median Family Income (2023 FFIEC est.) $85,800 $84,900
Tract Income Percentage 93.87% N/A
Below Poverty Level 58.4% 15.8%
Unemployment Level 14.1% 4.6%
Housing
Total Housing Units 340 349,731
Total Owner-Occupied Units 14.4% 59.3%
Total Renter-Occupied Units 72.4% 40.7%
Total Vacant Units 13.2% 10%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

9
Total Voting Members
in Governing Body
info
8
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Jason Main
(402) 334-8899
Principal Officer info
Jason Main
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is not available as the nonprofit did not e-file their tax return. As such, the hyphens (“-“) in this section indicate that the information was not available.

PDFs of this nonprofit's tax filings are included in the IRS Summary section above, when available from the IRS.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.