Impact Seven Incorporated

Organization Overview

Impact Seven Incorporated is located in Rice Lake, WI. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Impact Seven Incorporated employed 97 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Impact Seven Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Impact Seven Incorporated generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $7.8m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BUILDING CAPACITY FOR COMMUNITIES BY PROVIDING SERVICES AND DEVELOPMENT IN BUSINESS, HOUSING AND PROPERTY MANAGEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IMPACT SEVEN'S BUSINESS DEVELOPMENT PROVIDES FINANCIAL PRODUCTS, DEVELOPMENT SERVICES AND TECHNICAL ASSISTANCE FOR THE CREATION OR EXPANSION OF BUSINESS, COMMERCIAL REAL ESTATE AND HOUSING DEVELOPMENT ENTERPRISES.- $35,434,000 IN LOANS CLOSED- 19 LOANS CLOSED- 75 FTE JOBS CREATED BY BORROWERS- 872 FTE JOBS RETATINED BY BORROWERSIMPACT SEVEN PROVIDES SERVICES IN THE MANAGEMENT OF RENTAL HOUSING FOR ITS OWNED UNITS.- 1593 UNITS UNDER MANAGEMENT- 1469 AFFORDABLE UNITS UNDER MANAGEMENT- 783 UNITS SET ASIDE FOR PERSONS WHO ARE ELDERLY AND/OR HAVE DISABILITIESIMPACT SEVEN DEVELOPS AND INVESTS IN ITS OWN MULTIFAMILY RENTAL HOUSING AS A LONG TERM OWNER.- 942 UNITS OF AFFORDABLE HOUSING FINANCED FOR THIRD PARTY DEVELOPERS


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ansay & Associates
Property Insurance
$175,854
United Health Care
Insurance
$506,160
Baker Tilly
Audit, Tax And Consulting
$173,610
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$14,770,335
Investment income $55,881
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,057,854
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,926,158

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Impact Seven Incorporated has recieved totaling $10,000.

Awarding OrganizationAmount
Greater Green Bay Community Foundation Inc

Green Bay, WI

PURPOSE: PUBLIC BENEFIT & COMMUNITY IMPROVEMENT PROGRAM SUPPORT

$10,000
View Grant Recipient Profile

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