Acts Community Development Corporation
- Assets
- $7.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 23
- Location
- Milwaukee, WI
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 39-1837474
Organization Overview
Acts Community Development Corporation is located in Milwaukee, WI. The organization was established in 1996. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Acts Community Development Corporation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acts Community Development Corporation 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, Acts Community Development Corporation generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 15.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACTS HOUSING'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gosman President & CEO | Officer | 30 | $142,255 |
Dorothy York Chief Operating Officer | 30 | $113,843 | |
Kelly Andrew Chief Development And Marketing Officer | 40 | $105,561 | |
Joe Schlidt Chair | OfficerTrustee | 1 | $0 |
Stephen J Rothe Treasurer | OfficerTrustee | 1 | $0 |
Heather Ramirez Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $169,960 |
| Related organizations | $0 |
| Government grants | $941,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,675,649 |
| Noncash contributions included in lines 1a–1f | $64,950 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,787,395 |
| Total Program Service Revenue | $557,836 |
| Investment income | $1,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $204,534 |
| Net Income from Fundraising Events | -$19,281 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,555,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $677,509 |
| Grants and other assistance to domestic individuals. | $659,639 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,960 |
| Compensation of current officers, directors, key employees. | $21,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,208,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,700 |
| Payroll taxes | $98,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $293,290 |
| Advertising and promotion | $99,902 |
| Office expenses | $41,959 |
| Information technology | $65,392 |
| Royalties | $0 |
| Occupancy | $34,496 |
| Travel | $6,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,247 |
| Insurance | $33,810 |
| All other expenses | $23,672 |
| Total functional expenses | $3,805,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,821,163 |
| Savings and temporary cash investments | $734,806 |
| Pledges and grants receivable | $317,846 |
| Accounts receivable, net | $1,103,381 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,362 |
| Net Land, buildings, and equipment | $559,208 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,583,766 |
| Accounts payable and accrued expenses | $108,488 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $815,933 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,750 |
| Total liabilities | $944,171 |
| Net assets without donor restrictions | $3,916,265 |
| Net assets with donor restrictions | $2,723,330 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,583,766 |
Grants Awarded
Over the last fiscal year, Acts Community Development Corporation has awarded $676,677 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: HOUSING LENDING | $526,677 |
Milwaukee, WI PURPOSE: BIPOC HOMEOWNERSHIP | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Acts Community Development Corporation has recieved totaling $765,500.
| Awarding Organization | Amount |
|---|---|
Hendricks Family Foundation Inc Beloit, WI PURPOSE: HOUSING BELOIT INTIATIVE | $193,000 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $90,500 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $90,500 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI PURPOSE: DONOR DESIGNATIONS | $78,579 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: THE FORECLOSURE PREVENTION PILOT | $74,500 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: THE FORECLOSURE PREVENTION PILOT | $74,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |