2022-11-02T08:18:32-05:00 2021-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2021-01-01 391837474 ACTS COMMUNITY DEVELOPMENT CORPORATION ACTS 4149332215 2414 W VLIET STREET MILWAUKEE WI 53205 MICHAEL GOSMAN PRESIDENT & CEO 4149332215 2022-11-02 1 MICHAEL GOSMAN 999009999 RENEE MESSING P01872384 4142711451 2022-10-31 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JOE SCHLIDT 2414 W VLIET STREET MILWAUKEE WI 53205 4574829 0 X WWW.ACTSHOUSING.ORG X 1995 WI ACTS HOUSING'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 12 12 23 100 0 0 2935200 3787395 398760 557836 99201 206259 -2354 4058 3430807 4555548 1731040 1337148 0 0 1257847 1575996 5130 0 372216 526069 892616 3520086 3805760 -89279 749788 6844173 7583766 954366 944171 5889807 6639595 ACTS HOUSING'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 0 0 535369 0 348912 REAL ESTATE BROKERAGE - ACTS HOME SALES TEAM REPRESENTS FAMILIES AND INDIVIDUALS IN REAL ESTATE SALES TRANSACTIONS. AS LICENSED REALTORS, THEY COORDINATE ALL ASPECTS OF THE EXECUTED SALES CONTRACT IN ORDER TO CLOSE. IN 2021, 305 FAMILIES USED OUR REAL ESTATE BROKERAGE SERVICES TO PURCHASE HOMES, MANY OF WHICH WERE FORMERLY VACANT, VANDALIZED FORECLOSURES. 1564643 809639 93338 HOMEBUYER COACHING - HOMEBUYER COACHES SUPPORT EACH FAMILY THROUGH ONE-ON-ONE CONFIDENTIAL SESSIONS BY CREATING AN INDIVIDUALIZED ROAD MAP ON PERSONAL FINANCES AND CREDIT MANAGEMENT SUCCESS. 995540 527509 115586 HOME REHAB COUNSELING - ACTS HOME REHAB COUNSELING 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 2021, 65 NEW FAMILIES RECEIVED THESE SERVICES. GRANTS EXPENSE WERE MADE TO ACTS LENDING, INC AND PROVIDED CAPITAL FOR MORTGAGE LENDING FOR THE PURCHASE AND REHAB EXPENSES INCURRED IN THE ACTIVITIES LISTED ABOVE. 3095552 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 70 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 CHAIR 1.00 1.00 X X 0 0 0 DOUG HOWE DIRECTOR 1.00 0.00 X 0 0 0 HEATHER RAMIREZ VICE CHAIR 1.00 1.00 X X 0 0 0 STEPHEN J ROTHE TREASURER 1.00 1.00 X X 0 0 0 ALLISON STEINHAFEL PAST PRESIDENT 1.00 1.00 X X 0 0 0 MICHAEL GOSMAN PRESIDENT & CEO 30.00 10.00 X 142255 0 24613 ANTHONY FRANDA DIRECTOR 1.00 1.00 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 DOROTHY YORK CHIEF OPERATING OFFICER 30.00 10.00 X 113843 0 22902 KELLY ANDREW CHIEF DEVELOPMENT AND MARKETING OFFICER 40.00 0.00 X 105561 0 20784 361659 0 68299 3 0 1 0 0 169960 941786 2675649 64950 3787395 REAL ESTATE BROKERAGE 531390 348887 348887 STAFFING REVENUE 561300 115586 115586 COUNSELING FEES 522291 93363 93363 557836 1725 1725 204534 0 204534 204534 204534 0 169960 19281 -19281 -19281 OTHER REVENUE 900099 23339 23339 23339 4555548 557836 0 210317 677509 677509 659639 659639 177960 131572 21447 24941 1208369 936435 142338 129596 90700 61471 17060 12169 98967 68020 18268 12679 73576 28963 44613 293290 218945 16384 57961 99902 90758 9144 41959 21041 10676 10242 65392 28146 16495 20751 34496 24545 7113 2838 6675 5187 736 752 19292 11518 5314 2460 43247 24270 10887 8090 33810 21862 5974 5974 DONATED PROGRAM SUPPLIE 64950 1347 6291 57312 STAFF DEVELOPMENT 50582 33850 5735 10997 CLOSING COSTS 33966 33966 REAL ESTATE FEES 7807 7807 23672 8701 8661 6310 3805760 3095552 337992 372216 1434764 4821163 2937096 734806 384839 317846 1477207 1103381 65703 47362 697151 137943 544564 559208 6844173 7583766 177497 108488 594869 815933 158500 0 23500 19750 954366 944171 X 3193561 3916265 2696246 2723330 5889807 6639595 6844173 7583766 749788 0 X X 0 1 X 1 0 X 1969270 3712157 3763116 2935200 3722445 16102188 1969270 3712157 3763116 2935200 3722445 16102188 2288235 13813953 8498 10200 45045 15199 1725 80667 1506 98047 59796 119159 227874 506382 16689237 2006454 0.82770 0.79020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 4,246. 2018 AMOUNT: $ 58,981. 2019 AMOUNT: $ 34,349. 2020 AMOUNT: $ 23,000. 2021 AMOUNT: $ 23,340. GAIN/LOSS ON DISPOSITION OF ASSET - 2017 AMOUNT: $ -25,200. 2019 AMOUNT: $ -23,548. 2020 AMOUNT: $ 84,002. 2021 AMOUNT: $ 204,534. FUNDRAISING GROSS INCOME - 2017 AMOUNT: $ 22,460. 2018 AMOUNT: $ 39,066. 2019 AMOUNT: $ 48,995. 2020 AMOUNT: $ 12,157. 2021 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1293 0 0 0 0 0 0 0 0 1 1293 1293 0 PART I-A, LINE 1: CONSULTING FEES FOR GOVERNMENT RELATED STRATEGY 0 1 X 629245 89040 540205 67906 48903 19003 559208 EARNEST MONEY 19750 19750 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, 2021, 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. LONGEST TABLE 169960 169960 19281 169960 169960 19281 19281 -19281 1 ACTS LENDING INC 2414 W VLIET STREET MILWAUKEE WI 53205 462986750 501C3 526677 0 HOUSING LENDING COMMUNITY DEVELOPMENT ALLIANCE CO GREATER MILWAUKEE FOUNDATION 101 W PLEASANT ST STE 210 MILWAUKEE WI 53212 396036407 501C3 150000 0 BIPOC HOMEOWNERSHIP 1 STATE OF WI HCRI GRANTS 48 103139 FMV HOMEBUYER GRANTS BELOIT DPA 12 23500 WELLS FARGO 8 70000 CITY OF MILWAUKEE 74 463000 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 109315 0 32940 0 0 0 4647 0 19966 0 166868 0 0 0 X TOOLS 500 50000 FMV X PROGRAM SUPPLIES 4 14950 FMV 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: THERE HAVE BEEN NO CHANGES IN 2021. 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 475000 CASH ACTS LENDING INC O 115586 CASH ACTS LENDING INC Q 5232 CASH ACTS LENDING INC D 975000 LOAN GUARANTEE ACTS LENDING INC L 51677 CASH