2016-08-04T10:44:27-07:00 2015-12-31 Ritz Holman LLP 330 E Kilbourn Ste 550 Milwaukee WI 532023144 990 2015-01-01 391837474 ACTS COMMUNITY DEVELOPMENT CORPORATION ACTS 4149332215 2414 W Vliet Street MILWAUKEE WI 53205 Stephen Rothe Treasurer 2016-08-04 true ANDREW C HOLMAN P00014720 4142711451 2015 2016-12-15 16:53:06Z John Linnen 2414 W Vliet Street Milwaukee WI 53205 1918883 false false X www.actshousing.org X 1995 WI ACTS Housing's mission is empowerment through homeownership. 10 10 18 65 0 755230 1245659 629128 660677 1267 614 354 11933 1385979 1918883 575523 313795 0 862847 865875 0 74945 188777 181514 1627147 1361184 -241168 557699 810666 1189922 491456 313013 319210 876909 ACTS Housing's mission is empowerment through homeownership. false false 464167 Real Estate Brokerage - Assisted more than 120 families to purchase inner-city homes for owner-occupancy, many of which were formerly vacant, vandalized foreclosures. Families served, on average, earned 50% of the county median and spend less than 20% of their income on repayment of mortgage loans, taxes and insurance. 328758 Rehab Counseling - Rehab counselor support 67 families to prepare for and expedite the rehab of vacant, vandalized, foreclosures, with a goal of helping families create decent, safe, sanitary, and code compliant homes. 326006 Homebuyer Counseling - HUD approved counselor prepares families for homeownership. Performed 280 credit reviews. 1118931 true true false false false false false false true false true false false false true true false true false false false false false false false false false true true false false false false false false false false false false false false false false false false false true false false false false true 20 0 true 18 true false false false false false false false false 0 false false false false false false false false false false X 10 10 true false false false false false false true true false false true true true true false false true true false WI X X Eileen Lazich 4149332215 2414 W Vliet St MILWAUKEE WI 53205 Autumn Latimore Director 1.00 0.00 X 0 0 0 John Worm Treasurer 1.00 0.00 X X 0 0 0 Benjamin Y Engel Director 1.00 0.00 X X 0 0 0 John Linnen President 1.00 0.00 X X 0 0 0 Kevin Malaney Director 1.00 0.00 X 0 0 0 Michael Zimmerman Director 1.00 0.00 X 0 0 0 Kurt Kellog Director 1.00 0.00 X 0 0 0 Zongcheng Moua Director 1.00 0.00 X 0 0 0 Margaret Keehn Director 1.00 0.00 X 0 0 0 John Weitzer Vice President 1.00 0.00 X X 0 0 0 Michael Gosman Executive Dir. 30.00 10.00 X 71241 0 5409 Carl Quindel ED to Jan 2015 40.00 0.00 X 33951 0 250 Eileen Lazich Accountant 40.00 0.00 X 40270 0 1613 Hilaria Rios Staff 40.00 0.00 X 115777 0 3884 261239 11156 1 false false false 0 192833 1052826 2346 1245659 Closing Revenue 900099 67908 67908 Construction Management 900099 152107 152107 Counseling Fees 522291 103053 103053 Real Estate Brokerage 531390 300499 300499 Staffing Revenue 561300 35160 35160 1950 1950 660677 614 614 0 0 0 0 0 0 0 Non-Ordinary Services 900099 11795 11795 Other Revenue 900099 138 138 11933 1918883 672610 614 138470 138470 175325 175325 0 0 152734 134709 5451 12574 0 596301 526496 19183 50622 0 46753 40350 4958 1445 70087 41548 25132 3407 0 0 23660 6079 17227 354 0 0 0 27061 6953 19703 405 2044 185 928 931 21221 7157 12402 1662 26919 14763 11252 904 0 12000 12000 2755 1108 1643 4 0 11307 86 9497 1724 0 0 9270 9270 6894 6894 Closing Costs 12650 11503 1147 OTHER EXPENSES 7085 4278 2583 224 NON-CAPITAL Equip PURCHASES 5934 2977 2497 460 Real Estate Fees 5305 4469 836 7409 2475 4705 229 1361184 1118931 167308 74945 354882 675200 225972 251824 100000 194294 137145 0 0 0 0 19696 11768 41816 33142 15822 8674 0 0 0 5311 0 810666 1189922 97823 70390 15000 228704 122130 42674 36483 122255 69010 491456 313013 X 229906 610320 89304 266589 319210 876909 810666 1189922 557699 X false true X true false X 377061 538347 644125 755230 1245659 3560422 0 0 377061 538347 644125 755230 1245659 3560422 1125545 2434877 6549 6423 5064 1267 614 19917 0 300 47226 1200 354 138 49218 3629557 2279372 0.67080 0.63850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 5375 4031 1344 36441 29111 7330 8674 Community Projects Payable 5060 Earnest Money 63950 69010 X Part IV, Line 2b: Explanation of escrow account liability 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)). In May 2013, the organization formed an affiliated section 501(c)(3) organization (ACTS Lending, Inc. with EIN 46-2986750) and transferred its lending activities to the affiliated organization. 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. 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, 2015, the Organization 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. true ACTS Lending Inc 2414 W Vliet Street Milwaukee WI 53205 462986750 122007 0 FMV Housing Lending Housing Resources Inc 7830 W Burleigh Street Milwaukee WI 53222 391706658 16463 0 FMV Housing Assistance 2 0 State of WI HCRI Grants 47 117487 FMV City of Milwaukee - City Challenge 6 30000 FMV Grantmaker's Description of How Grants are Used ACTS maintains records to substantiate all grant disbursements and eligibility requirements. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Hilaria Rios, an ACTS employee, represented her husband Francisco Rios (another ACTS employee) in a property purchase. Form 990, Part VI, Line 11b: Form 990 Review Process The Board was provided a copy of the 990 prior to filing 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. (USE 2012 990 language) Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation is set by the board (and executive director for other staff positions) after review of the nonprofit center of Milwaukee's study on compensation performed in 2007 and again in 2013 and 2015. During interim and subsequent years, the board and executive director have reviewed compensation of staff annually as a part of the overall budget approval process. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Compensation is set by the board (and executive director for other staff positions) after review of the nonprofit center of Milwaukee's study on compensation performed in 2007 and again in 2013 and 2015. During interim and subsequent years, the board and executive director have reviewed compensation of staff annually as a part of the overall budget approval process. 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 false false true false false false false false false false false false true false false true false true false false ACTS LENDING INC b 122007 FMV ACTS LENDING INC o 35160 FMV