2024-10-30T11:30:09-05:00 2023-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2023-01-01 391837474 ACTS COMMUNITY DEVELOPMENT CORPORATION ACTS 4149332215 2414 W VLIET STREET MILWAUKEE WI 53205 MICHAEL GOSMAN PRESIDENT & CEO 4149332215 2024-10-30 1 1 RENEE MESSING P01872384 4142711451 2024-10-30 2023 2024-10-15 13:58:12Z HEATHER RAMIREZ 2414 W VLIET STREET MILWAUKEE WI 53205 15721645 0 X WWW.ACTSHOUSING.ORG X 1995 WI ACTS HOUSING'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 13 13 47 100 0 0 7098527 10918835 642068 390286 50695 516419 -99739 -108581 7691551 11716959 1283602 3258667 0 0 2151564 2483210 42000 0 764877 1487394 1879246 4964560 7621123 2726991 4095836 11731393 14766391 2377234 3378156 9354159 11388235 ACTS HOUSING'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 0 0 2467271 1650000 273774 REAL ESTATE BROKERAGE - ACTS HOME SALES TEAM REPRESENTS FAMILIES AND INDIVIDUALS IN REAL ESTATE SALES TRANSACTIONS. AS LICENSED REALTORS, THEY SUPPORT FAMIILIES IN FINDING HOMES THAT MEET THEIR NEEDS AND THEN ENSURE THAT FAMILIES ARE WELL REPRESENTED IN THEIR REAL ESTATE TRANSACTIONS. IN 2023, 81 FAMILIES FAMILIES USED ACTS' REAL ESTATE SERVICES TO PURCHASE THEIR HOMES. 2890165 1541423 103262 HOMEBUYER COACHING - HOMEBUYER COACHES PROVIDE FAMILIES WITH CONFIDENTIAL, ONE-ON-ONE AND GROUP SESSIONS DESIGNED TO SUPPORT FAMILIES TO IMPROVE THEIR FINANCIAL CONDITION AND PREPARE TO BE SUCCESFUL HOMEOWNERS. IN 2023 2,052 FAMILIES STARTED HOMEBUYER COACHING AND 338 FAMILIES WERE SUCCESSFUL IN BECOMING FIRST-TIME HOMEBUYERS. 875012 67244 13250 HOME REHAB COACHING - ACTS HOME REHAB COACHING STAFF REPRESENTS FAMILIES AND INDIVIDUALS DURING COORDINATION AND EXECUTION OF REHAB PLANS. AS EXPERIENCED REHAB PROFESSIONALS, STAFF SUPPORT FAMILIES IN PLANNING ALL REPAIRS NEEDED FOR DECENT, SAFE, SANITARY, AND AFFORDABLE OCCUPANCY. IN 2023, 73 FAMILIES RECEIVED THESE SERVICES. 6232448 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 133 0 1 47 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X X MICHAEL GOSMAN 4149332215 2414 W VLIET ST MILWAUKEE WI 53205 JOE SCHLIDT PAST CHAIR 1.00 X X 0 0 0 HEATHER RAMIREZ CHAIR 1.00 2.00 X X 0 0 0 ALLISON STEINHAFEL DIRECTOR 1.00 X 0 0 0 ANTHONY FRANDA TREASURER 1.00 2.00 X X 0 0 0 JOHN BEAGLE DIRECTOR 1.00 X 0 0 0 MICHAEL ZIMMERMAN DIRECTOR 1.00 X 0 0 0 ANTHONY MCHENRY DIRECTOR 1.00 1.00 X 0 0 0 VICTORIA NAVARRO DIRECTOR 1.00 1.00 X 0 0 0 MARC PERRY DIRECTOR 1.00 1.00 X 0 0 0 JOHN SYBURG SECRETARY 1.00 1.00 X 0 0 0 OSCAR TOVAR DIRECTOR 1.00 1.00 X 0 0 0 RAE JOHNSON DIRECTOR 1.00 1.00 X 0 0 0 DOUG LEVY DIRECTOR 1.00 1.00 X 0 0 0 TIM MATTKE DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL GOSMAN PRESIDENT & CEO 35.00 10.00 X 196948 0 39077 DOROTHY YORK VP REAL ESTATE 2.00 43.00 X 129880 0 15814 KELLY ANDREW VP STRATEGIC PARTNERSHIP 23.00 22.00 X 118469 0 17034 DEATRA KEMP VP PROGRAMS 42.00 3.00 X 100989 0 22209 546286 0 94134 4 0 1 0 BETTER PARTNERS LLC 790 N MILWAUKEE ST 300 MILWAUKEE WI 53202 CUSTOMER RELATIONSHIP MANAGEMENT 170079 JENEAN SHORTER 4183 N 13TH ST MILWAUKEE WI 53209 HOUSING REALTOR 150605 BRAVENT LLC 2139 VALLEY COURT GRAFTON WI 53024 RECRUITMENT AND HR CONSULTING 134835 MEN IN ACTION HOME REPAIR AND REMODELING 14875 SHAMROCK LANE BROOKFIELD WI 53005 HOME REPAIR AND ROMODELING 131135 4 345386 1632264 8941185 13736 10918835 REAL ESTATE BROKERAGE 531390 271046 271046 COUNSELING FEES 522291 103262 103262 CONSTRUCTION MANAGEMENT 900099 13250 13250 CLOSING REVENUE 531390 2728 2728 390286 195839 195839 3890354 297638 3867412 0 22942 297638 320580 320580 12940 345386 137274 -124334 -124334 OTHER REVENUE 900099 15753 15753 15753 11716959 390286 0 407838 1717244 1717244 1541423 1541423 181591 146009 8994 26588 1930968 1580060 72531 278377 58610 47338 2738 8534 155619 109199 21106 25314 156422 123978 6343 26101 142540 142540 11740 11740 381059 250028 47321 83710 204065 156831 8097 39137 320845 91072 142991 86782 221650 143430 4688 73532 60825 14053 43190 3582 81610 43096 10108 28406 14493 12285 1785 423 1300 1300 58398 27759 21384 9255 34067 20397 6871 6799 STAFF DEVELOPMENT 145989 94953 23091 27945 CLOSING COSTS 80385 80385 SUBSCRIPTIONS 39531 7902 26639 4990 VOLUNTEER REHAB COST 26661 26661 54088 25006 20341 8741 7621123 6232448 623798 764877 1738759 1237991 734446 94721 878974 6135044 2138312 2124284 79023 98525 956811 243135 747926 713676 5025184 4360795 388769 1355 11731393 14766391 328816 2366897 1490578 128156 550223 875761 7617 7342 2377234 3378156 X 4786412 3774118 4567747 7614117 9354159 11388235 11731393 14766391 X 4095836 18116 -2079876 X X 0 1 X 1 1 1 X 3763116 2935200 3722445 7098527 10918835 28438123 3763116 2935200 3722445 7098527 10918835 28438123 7066473 21371650 45045 15199 1725 47988 218781 328738 59796 119159 227874 40346 326331 773506 29540367 2398498 0.72350 0.78730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 34,349. 2020 AMOUNT: $ 23,000. 2021 AMOUNT: $ 23,340. 2022 AMOUNT: $ 12,389. 2023 AMOUNT: $ 15,753. GAIN/LOSS ON DISPOSITION OF ASSET - 2019 AMOUNT: $ -23,548. 2020 AMOUNT: $ 84,002. 2021 AMOUNT: $ 204,534. 2022 AMOUNT: $ 2,707. 2023 AMOUNT: $ 297,638. FUNDRAISING GROSS INCOME - 2019 AMOUNT: $ 48,995. 2020 AMOUNT: $ 12,157. 2022 AMOUNT: $ 25,250. 2023 AMOUNT: $ 12,940. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 867749 174819 692930 89062 68316 20746 713676 ESCROW LIABILITIES 5974 LEASE OBLIGATIONS 1368 7342 X 15967542 18116 20000 5874207 5912323 10055219 11740 1650000 1661740 11716959 7279710 20000 1300327 1320327 5959383 11740 1650000 1661740 7621123 PART IV, LINE 2B: THE ORGANIZATION HOLDS EARNEST MONEY AND ESCROWS RELATED TO HOME SALES, HOME REHAB, AND HOME LOANS. ON OR ABOUT APRIL 2013, THE ORGANIZATION, IN CONJUNCTION WITH OUTSIDE COUNSEL, REVIEWED ITS COMPLIANCE WITH CREDIT COUNSELING AND LENDING REQUIREMENTS, INCLUDING BOTH STATE AND FEDERAL REQUIREMENTS. THE ORGANIZATION CURRENTLY HAS MET ALL APPLICABLE REQUIREMENTS AND HAS ADOPTED BEST PRACTICES FOR ITS CREDIT COUNSELING AND LENDING, INCLUDING THOSE REQUIREMENTS IMPOSED BY FEDERAL TAX LAW (IRS SECTION 501(Q)). PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2023, THE ORGANIZATION AND AFFILIATES HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ON CONSOLIDATED FINANCIALS FROM ACTS LENDING INC 1,531,192. REVENUE ON CONSOLIDATED FINANCIALS FROM ACTS HOMEOWNER ACQUISITIONS INC 4,343,015. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT PASSTHROUGH FUNDS TO COMMUNITY DEVELOPMENT ALLIANCE 1,650,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ON CONSOLIDATED FINANCIALS FROM ACTS LENDING, INC 505,922. EXPENSES ON CONSOLIDATED FINANCIALS FROM ACTS HOMEOWNER ACQUISITIONS, INC 794,405. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT PASS THROUGH FUNDS TO COMMUNITY DEVELOPMENT ALLIANCE 1,650,000. X X X X 1 ABUNDANT PHILANTHROPY LLC 1035 E MANITOBA ST MILWAUKEE WI 53207 PROFESSIONAL FUNDRAISING SERVICES 0 0 72000 -72000 72000 -72000 LONGEST TABLE 358326 345386 12940 8542 75672 53060 358326 345386 12940 8542 75672 53060 137274 -124334 1 ACTS LENDING INC 2414 W VLIET STREET MILWAUKEE WI 53205 462986750 501C3 25244 0 CASH HOUSING LENDING COMMUNITY DEVELOPMENT ALLIANCE CO GREATER MILWAUKEE FOUNDATION 101 W PLEASANT ST STE 210 MILWAUKEE WI 53212 396036407 501C3 1650000 0 CASH DIRECT PASS THROUGH GRANT FOR WORTH PROGRAM DOWN PAYMENT ASSISTANCE GRANTS 248 1541423 CASH GRANTS DOWNPAYMENT ASSISTANCE GRANTS PART I, LINE 2: ACTS MAINTAINS RECORDS TO SUBSTANTIATE ALL GRANT DISBURSEMENTS AND ELIGIBILITY REQUIREMENTS. X 0 0 0 0 0 0 0 1 0 MICHAEL GOSMAN PRESIDENT & CEO 181948 0 15000 0 0 0 0 0 39077 0 236025 0 0 0 PART I, LINE 7 THE EXECUTIVE DIRECTOR RECEIVED A BONUS OF $15,000 IN 2023 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE ENTIRE BOARD IS PROVIDED THE 990 (EXCLUDING SCHEDULE B) FOR REVIEW PRIOR TO FILING, THE EXECUTIVE COMMITTEE REVIEWS THE FULL 990 (INCLUDING SCHEDULE B) AND DISCUSSES ANY NECESSARY ITEMS WITH THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. OTHER MEMBERS OF THE BOARD OR COMMITTEE DETERMINE IF A CONFLICT EXISTS. WHEN THIS OCCURS THE BOARD MEMBER WITH A CONFLICT OF INTEREST IS ASKED TO LEAVE DURING THE DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL STAFF OTHER THAN THE PRESIDENT & CEO IS SET BY THE PRESIDENT & CEO AND APPROVED BY THE BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGETING PROCESS. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS INDIVIDUAL COMPENSATION FOR ALL STAFF AND ESTABLISHES THE COMPENSATION FOR THE PRESIDENT & CEO, USING AVAILABLE COMPENSATION STUDIES AND TAKING INTO ACCOUNT THE PRESIDENT & CEO'S PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: DIRECT EQUITY TRANSFER FOR ESTABLISMENT OF ACTS HOMEOWNERSHIP ACQUISTIONS -2,009,480. DIRECT EQUITY TRANSFER TO ACTS LENDING, INC. -70,396. FORM 990, PART XII, LINE 2C: NO CHANGES FROM THE PRIOR YEAR ACTS LENDING INC 2414 W VLIET STREET MILWAUKEE WI 53205 LENDING WI 501(C)(3) 509 (A)(1) ACTS COMMUNITY DEVELOPMENT CORP 1 ACTS HOMEOWNERSHIP ACQUISITIONS INC 2414 W VILIET STREET MILWAUKEE WI 53205 LENDING WI 501(C)(3) 509 (A)(1) ACTS COMMUNITY DEVELOPMENT CORP 1 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 1 1 ACTS LENDING INC D 2778863 CASH ACTS HOMEOWNERSHIP ACQUISITIONS INC D 1105000 CASH ACTS LENDING INC L 1000000 CASH ACTS HOMEOWNERSHIP ACQUISITIONS INC L 3440578 CASH ACTS LENDING INC Q 140204 CASH ACTS HOMEOWNERSHIP ACQUISITIONS INC Q 92509 CASH ACTS LENDING INC S 1163923 CASH ACTS HOMEOWNERSHIP ACQUISITIONS INC S 985733 CASH ACTS HOMEOWNERSHIP ACQUISITIONS INC R 2809480 CASH ACTS LENDING INC B 25244 CASH ACTS HOMEOWNERSHIP ACQUISITIONS INC O 544073 CASH ACTS LENDING INC O 129236 CASH