2020-11-13T11:02:39-08:00 2019-12-31 390919055 Ritz Holman LLP 330 E Kilbourn Ste 550 Milwaukee WI 532023144 990 2019-01-01 391837474 ACTS COMMUNITY DEVELOPMENT CORPORATION ACTS 4149332215 2414 W Vliet Street MILWAUKEE WI 53205 Michael Gosman President & CEO 2020-11-13 true Renee Messing P01872384 4142711451 2019 2021-01-29 14:40:06Z Allison Steinhafel 2414 W Vliet Street MILWAUKEE WI 53205 4301053 false X www.actshousing.org X 1995 WI ACTS Housing's mission is empowerment through homeownership. 13 12 22 140 0 3712157 3763116 280683 409548 7000 21497 40090 -19280 4039930 4174881 652740 816860 0 889722 1057122 24091 255316 408825 534013 1951287 2432086 2088643 1742795 4427084 6538069 190793 558983 4236291 5979086 ACTS Housing's mission is empowerment through homeownership. false false 837147 474088 107900 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. 774977 342722 115067 Homebuyer Counseling - Homebuyer Counselors support each family through one-on-one confidential sessions by creating an individualized road map on personal finances and credit management success. 372402 186581 Real Estate Brokerage - Act's realtors represent families and individuals in the purchase of homes for owner-occupancy. This includes helping families identify homes, coordinating all aspects of the buying process, and providing certain post-closing services. In 2019, 82 families were assisted in purchasing homes, many of which were formerly vancant, vandalized foreclosures with the combined strength of the real estate sales and homebuyer counseling teams. 1984526 true true false false false false false false true false true false false false true true false true false false false false false true true false false true true false false false false false false false true false true false false false false true true false false false true 51 0 true 22 true false false false false false true true false 0 false false false false false false false X 13 12 true false false false false false false true true false false true true true true false true true true false WI X X Michael Gosman 4149332215 2414 W Vliet St MILWAUKEE WI 53205 Michael Gosman President & CEO 30.00 10.00 X 136400 0 3600 Anthony Franda Director 1.00 0.00 X 0 0 0 Joe Schildt Vice President 1.00 1.00 X X 0 0 0 Allison Steinhafel President 1.00 1.00 X X 0 0 0 Kevin Malaney Director 1.00 1.00 X 0 0 0 Michael Zimmerman Past President 1.00 1.00 X X 0 0 0 Kurt Kellogg 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 Stephen J Rothe Treasurer 1.00 1.00 X 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 William Tisdale Director 1.00 1.00 X 0 0 0 136400 3600 1 false false false 0 146800 418120 3198196 47893 3763116 Closing Revenue 900099 400 400 Counseling Fees 522291 110067 110067 Real Estate Brokerage 531390 191181 191181 Staffing Revenue 561300 107900 107900 409548 45045 45045 0 0 0 23548 -23548 -23548 -23548 48995 146800 102624 -53629 -53629 0 0 Other Revenue 900099 34349 34349 34349 4174881 443897 -32132 474088 474088 342772 342772 0 0 140000 107602 14980 17418 0 797463 612921 85327 99215 0 58934 37586 12566 8782 60725 37000 12190 11535 0 0 34120 14383 19737 0 24091 24091 0 95110 73895 9158 12057 42475 32204 920 9351 71898 61045 5854 4999 63841 43426 4133 16282 0 21710 15953 788 4969 28086 19977 3853 4256 0 28866 15827 701 12338 0 0 22949 14343 4303 4303 24487 16561 3963 3963 staff development 27339 16025 4405 6909 Closing Costs 25202 24263 939 NON-CAPITAL Equip PURCHASES 20152 11629 3017 5506 Real Estate Fees 11048 11048 16730 1978 5410 9342 2432086 1984526 192244 255316 1042970 835327 1208514 2799212 316337 203001 1331164 2177526 0 0 0 0 33627 39861 502447 62304 426411 440143 0 0 0 525 0 67536 42999 4427084 6538069 60374 98401 125419 447082 5000 13500 190793 558983 X 1946464 2917823 2289827 3061263 4236291 5979086 4427084 6538069 1742795 X false true X true false X 1245659 1487340 1969270 3712157 3763116 12177542 0 0 1245659 1487340 1969270 3712157 3763116 12177542 2760965 9416577 614 3258 8498 10200 45045 67615 0 138 132 1506 98047 59796 159619 12404776 2238254 0.75910 0.74490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 458326 36337 421989 44121 25967 18154 440143 Earnest Money 13500 13500 X Part IV, Line 2b: Explanation of escrow account liability 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 : FIN48 Footnote 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, 2019, 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 false Longest Table 195795 146800 48995 2556 50807 11190 38071 195795 146800 48995 2556 50807 11190 38071 102624 -53629 true ACTS Lending Inc 2414 W Vliet Street Milwaukee WI 53205 462986750 501c3 71651 0 FMV Housing Lending 1 0 State of WI HCRI Grants 115 345772 FMV Associated Bank 14 42000 FMV Grantmaker's Description of How Grants are Used ACTS maintains records to substantiate all grant disbursements and eligibility requirements. Brian Malaney Brother of Director 17933 Consulting false 1 27596 FMV Other 1 300 FMV Event Supplies 77 19997 FMV false false false Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Brian Malaney is a financial consultant for ACTS. His brother is a board member. Brian is NOT an officer, director, trustee, or key employee. Total fees paid were $17,933. Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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, Line 19: Other Organization Documents Publicly Available Upon Request ACTS LENDING INC 2414 W VLIET STREET MILWAUKEE WI 53205 Lending WI 501(C)(3) 509 (a)(1) ACTS COMMUNITY DEVELOPMENT CORP true false true false true false false false false false false false true false false true false true false false ACTS LENDING INC b 71651 Cash ACTS LENDING INC d 500000 Cash ACTS LENDING INC l 357437 Cash ACTS LENDING INC o 107900 Cash ACTS LENDING INC q 4800 Cash