Momentum Housing
11640 Arbor Street, Omaha, NE · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $74,146,498 | $84,234,477 | -$75,274,361 |
| FY2023 | $72,553,056 | $94,749,069 | -$59,855,548 |
| FY2022 | $68,326,602 | $88,011,731 | -$41,349,410 |
| FY2021 | $34,736,721 | $48,939,935 | -$21,664,281 |
| FY2020 | $11,783,178 | $18,029,481 | -$7,461,067 |
| FY2019 | $3,898,223 | $4,331,933 | -$969,781 |
| FY2018 | $4,423,391 | $5,507,949 | -$540,492 |
| FY2017 | $39,594 | $433,116 | $540,093 |
| FY2016 | $892,025 | $858,866 | $771,128 |
| FY2015 | $770,141 | $798,120 | $727,903 |
| FY2014 | $1,442,056 | $1,314,574 | $760,465 |
| FY2013 | $947,554 | $428,106 | $627,324 |
| FY2012 | -$6,292 | $15,794 | $101,285 |
| FY2011 | $3,506,935 | $3,792,312 | $116,802 |
Form 990 filings
The returns filed by Momentum Housing (EIN 47-0785685), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $54,309,576 | 73% |
| Other revenue | $19,836,922 | 27% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $82,125,562 | 97% |
| Management & general | $2,108,915 | 3% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 73% of total revenue in FY2024.
- Program services accounted for 97% of functional expenses, management & general 3%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2024. That is higher than 90% of 929 Housing & Shelter organizations nationwide (too few in NE for a state comparison).
- Net assets covered about -10.7 months of expenses at the end of the reporting year. That puts it in the 12th percentile among 134 Housing & Shelter organizations in NE.
- Total revenue was the highest among 136 Housing & Shelter organizations in NE.
- Total revenue rose from $3,506,935 in FY2011 to $74,146,498 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 11 of 14 reported years (FY2011, FY2012, FY2015, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- Net assets declined from $116,802 to -$75,274,361 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
MOMENTUM HOUSING HAS BEEN FORMED FOR THE EXEMPT PURPOSE OF CONSTRUCTION, PURCHASING, OWNING, AND OPERATING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
IRS status
| Ruling year | 1995 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L200 — Housing & Shelter |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Immanuel Retirement Communities — Omaha, NE · $50,082,485
- Habitat for Humanity International Inc — Omaha, NE · $43,720,232
- Holland Foundation — Omaha, NE · $520,008
- Mosaic — Omaha, NE · $401,546,990
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.