2025-09-11T12:08:13-05:00 2024-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 222 MILWAUKEE WI 53202 990 2024-01-01 391837474 ACTS COMMUNITY DEVELOPMENT CORPORATION ACTS 4149332215 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 MICHAEL GOSMAN PRESIDENT & CEO 4149332215 2025-09-11 1 1 X KATY L SOMMER P00273273 4142711451 2025-09-11 2024 2025-03-06 01:10:19Z X ACTS HOUSING MICHAEL GOSMAN 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 20702839 0 X WWW.ACTSHOUSING.ORG X 1995 WI ACTS HOUSING'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 15 15 54 100 0 0 10918835 12578645 390286 471004 516419 319250 -108581 442849 11716959 13811748 3258667 14459816 0 0 2483210 3050429 0 72000 815987 1879246 1875769 7621123 19458014 4095836 -5646266 14766391 16292957 3378156 10603850 11388235 5689107 X ACTS HOUSING'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 0 0 783140 381416 REAL ESTATE BROKERAGE - ACTS HOME SALES TEAM REPRESENTS FAMILIES AND INDIVIDUALS IN REAL ESTATE SALES TRANSACTIONS. AS LICENSED REALTORS, THEY SUPPORT FAMILIES IN FINDING HOMES THAT MEET THEIR NEEDS AND THEN ENSURE THAT FAMILIES ARE WELL REPRESENTED IN THEIR REAL ESTATE TRANSACTIONS. IN 2024, 71 FAMILIES FAMILIES USED ACTS' REAL ESTATE SERVICES TO PURCHASE THEIR HOMES. 15921237 14374642 73588 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 2024 2,573 FAMILIES STARTED HOMEBUYER COACHING AND 310 FAMILIES WERE SUCCESSFUL IN BECOMING FIRST-TIME HOMEBUYERS. 845334 85174 16000 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 2024, 82 FAMILIES RECEIVED THESE SERVICES. 529896 SALES OF HOME PROPERTIES 27442 MISCELLANEOUS INCOME 557338 17549711 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 54 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X X BRIAN MALANEY 4149332215 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 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 VICE CHAIR 1.00 X X 0 0 0 MARC PERRY DIRECTOR 1.00 2.00 X 0 0 0 JOHN SYBURG SECRETARY 1.00 1.00 X 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 0.00 X 0 0 0 MARVIN BYNUM DIRECTOR 1.00 0.00 X 0 0 0 VANAYA GRICE DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MACK DIRECTOR 1.00 0.00 X 0 0 0 ROBERT LAGRANT DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL GOSMAN PRESIDENT & CEO 35.00 10.00 X 192167 0 78612 DOROTHY YORK VP REAL ESTATE 2.00 43.00 X 134881 0 16488 KELLY ANDREW VP STRATEGIC PARTNERSHIP 23.00 22.00 X 124411 0 14163 DEATRA KEMP VP PROGRAMS 42.00 3.00 X 114999 0 24416 566458 0 133679 4 0 1 0 VALENTINE GROUP LLC 1850 W FOND DU LAC AVENUE 2G MILWAUKEE WI 53205 PROPERTY MANAGEMENT SERVICES 248406 BETTER PARTNERS LLC 790 N MILWAUKEE ST 300 MILWAUKEE WI 53202 CUSTOMER RELATIONSHIP MANAGEMENT 201432 RAPID INSTALLERS LLC 9438 N PORT WASHINGTON RD BAYSIDE WI 53217 HOME REPAIRS AND REMODELING 155967 AJ DEVELOPMENT GROUP LLC 5651 N LYDELL AVE 170285 MILWAUKEE WI 53217 MOLD REMEDIATION 142505 K&J REALTY SPECIALISTS LLC 833 N CLARK ST 409 CHICAGO IL 60610 HOME REPAIRS AND REMODELING 138806 8 330230 628692 11619723 23165 12578645 REAL ESTATE BROKERAGE 531390 381416 381416 COUNSELING FEES 522291 73588 73588 CONSTRUCTION MANAGEMENT 900099 16000 16000 471004 255062 255062 6822878 6758690 64188 64188 64188 16930 330230 131419 -114489 -114489 530878 982 529896 529896 900099 27442 27442 27442 13811748 1028342 0 204761 12990845 12990845 1468971 1468971 226922 113461 38577 74884 2367851 1863983 282304 221564 51272 43796 7065 411 213478 145487 37722 30269 190906 136327 22392 32187 7521 7521 117944 117944 72000 72000 7830 7830 208175 63260 101551 43364 255489 102144 9757 143588 147320 75787 36675 34858 326924 219488 33455 73981 61783 42558 5078 14147 57805 34657 11727 11421 11454 7616 2742 1096 13508 13508 57137 30930 15897 10310 34977 20943 7053 6981 BUILDING IMPAIRMENT 282456 282456 CLOSING COSTS 99737 99308 429 STAFF DEVELOPMENT 75457 57195 3190 15072 EMPLOYEE RECOGNITION 26606 8969 8750 8887 83646 23986 38693 20967 19458014 17549711 1092316 815987 1237991 399289 94721 274866 6135044 7941807 2124284 3926627 13737 98525 66500 77548 23322 713676 54226 4360795 3265905 1355 350000 14766391 16292957 2366897 9692062 128156 173000 875761 737288 7342 1500 3378156 10603850 X 3774118 3645917 7614117 2043190 11388235 5689107 14766391 16292957 -5646266 -52862 0 X X 0 1 X 1 0 X 2935200 3722445 7098527 10918835 12578645 37253652 2935200 3722445 7098527 10918835 12578645 37253652 8563332 28690320 15199 1725 47988 218781 255062 538755 119159 227874 40346 326331 44372 758082 38550489 2990832 0.74420 0.72350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 23,000. 2021 AMOUNT: $ 23,340. 2022 AMOUNT: $ 12,389. 2023 AMOUNT: $ 15,753. 2024 AMOUNT: $ 27,442. GAIN/LOSS ON DISPOSITION OF ASSET - 2020 AMOUNT: $ 84,002. 2021 AMOUNT: $ 204,534. 2022 AMOUNT: $ 2,707. 2023 AMOUNT: $ 297,638. FUNDRAISING GROSS INCOME - 2020 AMOUNT: $ 12,157. 2022 AMOUNT: $ 25,250. 2023 AMOUNT: $ 12,940. 2024 AMOUNT: $ 16,930. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 77548 23322 54226 54226 ESCROW LIABILITIES 1500 1500 X 13852038 -52862 100000 47138 13804900 7830 -982 6848 13811748 19550184 100000 100000 19450184 7830 7830 19458014 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, 2024, 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 4B - OTHER ADJUSTMENTS: COST OF HOME SALES -982. X X X X X X X 1 ABUNDANT PHILANTHROPY LLC 3253 S INDIANA AVE MILWAUKEE WI 53207 PROFESSIONAL FUNDRAISING SERVICES 0 0 72000 -72000 72000 -72000 LONGEST TABLE 347160 330230 16930 52870 27288 51261 347160 330230 16930 52870 27288 51261 131419 -114489 1 ACTS LENDING INC 270 E KILBOURN AVE FLOOR 5 MILWAUKEE WI 53202 462986750 501C3 9218112 0 CASH HOUSING LENDING COMMUNITY DEVELOPMENT ALLIANCE CO GREATER MILWAUKEE FOUNDATION 101 W PLEASANT ST STE 210 MILWAUKEE WI 53212 396036407 501C3 2125000 0 CASH DIRECT PASS THROUGH GRANT FOR WORTH PROGRAM ACTS HOMEOWNERSHIP ACQUISITIONS INC 270 E KILBOURN AVE FLOOR 5 MILWAUKEE WI 53202 921333943 501C3 1647733 0 CASH HOUSING ACQUISITIONS DOWN PAYMENT ASSISTANCE GRANTS 196 1446721 CASH GRANTS DOWNPAYMENT ASSISTANCE GRANTS REHAB ESCROW GRANTS 13 22250 CASH GRANTS REHAB ESCROW 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 192167 0 0 0 0 0 42000 0 36612 0 270779 0 0 0 DOROTHY YORK VP REAL ESTATE 134881 0 0 0 0 0 0 0 16488 0 151369 0 0 0 PART I, LINE 7 IN 2024 THE ORGANIZATION ACCRUED A BONUS OF $42,000 FOR THE CEO. 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: SAME AS PRIOR YEAR ACTS LENDING INC 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 LENDING WI 501(C)(3) 509 (A)(1) ACTS COMMUNITY DEVELOPMENT CORP 1 ACTS HOMEOWNERSHIP ACQUISITIONS INC 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 HOME ACQUISITIONS 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 0 0 ACTS LENDING INC D 3658326 CASH ACTS HOMEOWNERSHIP ACQUISITIONS INC D 1105000 CASH ACTS LENDING INC Q 185850 CASH ACTS HOMEOWNERSHIP ACQUISITIONS INC Q 203644 CASH ACTS LENDING INC B 9218112 CASH ACTS HOMEOWNERSHIP ACQUISITIONS INC O 673804 CASH ACTS LENDING INC O 250285 CASH ACTS HOMEOWNERSHIP ACQUISITIONS INC B 1647733 CASH