2023-11-10T14:05:24-06:00 2022-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2022-01-01 391837474 ACTS COMMUNITY DEVELOPMENT CORPORATION ACTS 4149332215 2414 W VLIET STREET MILWAUKEE WI 53205 MICHAEL GOSMAN PRESIDENT & CEO 4149332215 2023-11-10 1 MICHAEL GOSMAN 999009999 1 RENEE MESSING P01872384 4142711451 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOE SCHLIDT 2414 W VLIET STREET MILWAUKEE WI 53205 7828929 0 X WWW.ACTSHOUSING.ORG X 1995 WI ACTS HOUSING'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 16 16 40 100 0 0 3787395 7098527 557836 642068 206259 50695 4058 -99739 4555548 7691551 1337148 1283602 0 0 1575996 2151564 0 42000 610295 892616 1487394 3805760 4964560 749788 2726991 7583766 11731393 944171 2377234 6639595 9354159 X ACTS HOUSING'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 0 0 652172 101423 347972 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 2022, 58 FAMILIES USED ACTS' REAL ESTATE SERVICES TO PURCHASE THEIR HOMES. 2179942 1181144 102351 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 2022 MORE THAN 1800 FAMILIES STARTED HOMEBUYER COACHING AND MORE THAN 300 FAMILIES WERE SUCCESFUL IN BECOMING FIRST-TIME HOMEBUYERS. 883486 1035 191745 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 2022, 68 FAMILIES RECEIVED THESE SERVICES. 134981 OTHER 134981 3850581 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 1 108 0 1 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 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 DOUG HOWE DIRECTOR 1.00 0.00 X 0 0 0 JOE SCHLIDT CHAIR 1.00 1.00 X X 0 0 0 HEATHER RAMIREZ VICE CHAIR 1.00 1.00 X X 0 0 0 ALLISON STEINHAFEL PAST PRESIDENT 1.00 1.00 X X 0 0 0 ANTHONY FRANDA TREASURER 1.00 1.00 X X 0 0 0 JOHN BEAGLE DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL ZIMMERMAN DIRECTOR 1.00 1.00 X 0 0 0 CHRISTOPHER SCHREIBER DIRECTOR 1.00 1.00 X 0 0 0 PAM EVASON DIRECTOR 1.00 1.00 X 0 0 0 KRISTEN GAGLIANO DIRECTOR 1.00 1.00 X 0 0 0 JOSH YAMAT DIRECTOR 1.00 1.00 X 0 0 0 ANTHONY MCHENRY DIRECTOR 1.00 1.00 X 0 0 0 VICTORIA NAVARRO DIRECTOR 1.00 0.00 X 0 0 0 MARC PERRY DIRECTOR 1.00 1.00 X 0 0 0 JOHN SYBURG DIRECTOR 1.00 0.00 X 0 0 0 OSCAR TOVAR DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL GOSMAN PRESIDENT & CEO 30.00 10.00 X 168689 0 45642 DOROTHY YORK CHIEF OPERATING OFFICER 30.00 10.00 X 125043 0 30284 KELLY ANDREW CHIEF DEVELOPMENT AND MARK 30.00 10.00 X 114640 0 25853 408372 0 101779 3 0 1 0 BROTHERS BUSINESS INTERIORS 400 S 5TH ST MILWAUKEE WI 53204 BUILDING IMPROVEMENTS 238504 1 245205 1154015 5699307 326 7098527 REAL ESTATE BROKERAGE 531390 353480 353480 STAFFING REVENUE 561300 181345 181345 COUNSELING FEES 522291 96843 96843 CONSTRUCTION MANAGEMEN 900099 10400 10400 642068 47988 47988 2707 0 2707 2707 2707 25250 245205 137378 -112128 -112128 OTHER REVENUE 900099 12389 12389 12389 7691551 642068 0 -49044 201423 201423 1082179 1082179 202900 161060 13875 27965 1679317 1362030 95736 221551 130296 82818 22483 24995 139051 109006 8374 21671 109142 45821 63321 42000 42000 229434 94578 78443 56413 143040 112891 11954 18195 44527 11194 30630 2703 185069 141558 43511 49902 17714 28021 4167 32118 18419 11929 1770 52 52 49786 25704 15514 8568 36140 23922 6160 6058 NON-CAPITAL EQUIP PURCH 274060 145569 87984 40507 STAFF DEVELOPMENT 186135 133352 4727 48056 CLOSING COSTS 59295 59295 OPERATING EXPENSES 30229 19983 7408 2838 58465 2065 17073 39327 4964560 3850581 503684 610295 4821163 1738759 734806 734446 317846 878974 1103381 2138312 47362 79023 935655 187729 559208 747926 5025184 0 388769 7583766 11731393 108488 328816 1490578 815933 550223 19750 7617 944171 2377234 X 3916265 4786412 2723330 4567747 6639595 9354159 7583766 11731393 2726991 -12427 0 X X 0 1 X 1 1 1 X 3712157 3763116 2935200 3722445 7098527 21231445 3712157 3763116 2935200 3722445 7098527 21231445 3993026 17238419 10200 45045 15199 1725 47988 120157 98047 59796 119159 227874 40346 545222 21896824 2288895 0.78730 0.82770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 58,981. 2019 AMOUNT: $ 34,349. 2020 AMOUNT: $ 23,000. 2021 AMOUNT: $ 23,340. 2022 AMOUNT: $ 12,389. GAIN/LOSS ON DISPOSITION OF ASSET - 2019 AMOUNT: $ -23,548. 2020 AMOUNT: $ 84,002. 2021 AMOUNT: $ 204,534. 2022 AMOUNT: $ 2,707. FUNDRAISING GROSS INCOME - 2018 AMOUNT: $ 39,066. 2019 AMOUNT: $ 48,995. 2020 AMOUNT: $ 12,157. 2022 AMOUNT: $ 25,250. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 867749 127855 739894 67906 59874 8032 747926 ESCROW LIABILITIES 3250 LEASE OBLIGATIONS 4367 7617 X 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. THE AFFILIATE IS A SOLELY OWNED CORPORATION AND THEREFORE THE INTERNAL REVENUE SERVICE CONSIDERS IT TO BE A DISREGARDED ENTITY FOR TAX PURPOSES. ALL AFFILIATE ACTIVITY IS INCLUDED UNDER ACTS COMMUNITY DEVELOPMENT CORPORATION FOR TAX PURPOSES. 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, 2022, THE ORGANIZATION AND AFFILIATE 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. X X X X 1 ABUNDANT PHILANTHROPY LLC 1035 E MANITOBA ST MILWAUKEE WI 53207 PROFESSIONAL FUNDRAISING SERVICES 0 0 42000 -42000 42000 -42000 LONGEST TABLE 270455 245205 25250 71778 65600 270455 245205 25250 71778 65600 137378 -112128 1 ACTS LENDING INC 2414 W VLIET STREET MILWAUKEE WI 53205 462986750 501C3 101423 0 HOUSING LENDING COMMUNITY DEVELOPMENT ALLIANCE CO GREATER MILWAUKEE FOUNDATION 101 W PLEASANT ST STE 210 MILWAUKEE WI 53212 396036407 501C3 100000 0 HOMEOWNER ASSISTANCE GRANTS 1 STATE OF WI HCRI GRANTS 60 211500 FMV HOMEBUYER GRANTS BELOIT BETTER NEIGHBORHOOD GRANTS 13 31500 FMV HOMEBUYER GRANTS OTHER GRANTS 8 26792 FMV HOMEBUYER GRANTS CITY OF MILWAUKEE 119 738000 FMV HOMEBUYER GRANTS COMMUNITY DEVELOPMENT ALLIANCE GRANTS 10 60000 FMV HOMEBUYER GRANTS PART I, LINE 2: ACTS MAINTAINS RECORDS TO SUBSTANTIATE ALL GRANT DISBURSEMENTS AND ELIGIBILITY REQUIREMENTS. X 0 0 0 0 0 0 0 0 0 MICHAEL GOSMAN PRESIDENT & CEO 113606 0 55083 0 0 0 25988 0 19654 0 214331 0 0 0 DOROTHY YORK CHIEF OPERATING OFFICER 111043 0 14000 0 0 0 21696 0 8588 0 155327 0 0 0 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 XII, LINE 2C: NO CHANGES FROM 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 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 ACTS LENDING INC B 101423 CASH ACTS LENDING INC O 181345 CASH ACTS LENDING INC Q 4800 CASH ACTS LENDING INC D 3137715 LOAN GUARANTEE ACTS LENDING INC L CASH