Acts Community Development Corporation
- Assets
- $11.7m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 40
- Location
- Milwaukee, WI
- Founding
- 07/1996
- Data as of
- 12/2022
- 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 12/2022, Acts Community Development Corporation employed 40 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 12/2022, Acts Community Development Corporation generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 17.6% per year over the past 8 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
2022
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 SUPPORT FAMIILIES IN FINDING HOMES THAT MEET THEIR NEEDS AND THEN ENSURE THAT FAMILIES ARE WELL REPRESENTED IN THEIR REAL ESTATE TRANSACTIONS. IN 2022, 58 FAMILIES USED ACTS' REAL ESTATE SERVICES TO PURCHASE THEIR HOMES.
OTHER
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 2022 MORE THAN 1800 FAMILIES STARTED HOMEBUYER COACHING AND MORE THAN 300 FAMILIES WERE SUCCESFUL IN BECOMING FIRST-TIME HOMEBUYERS.
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 2022, 68 FAMILIES RECEIVED THESE SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Howe Director | Trustee | 1 | $0 |
Joe Schlidt Chair | OfficerTrustee | 1 | $0 |
Heather Ramirez Vice Chair | OfficerTrustee | 1 | $0 |
Allison Steinhafel Past President | OfficerTrustee | 1 | $0 |
Anthony Franda Treasurer | OfficerTrustee | 1 | $0 |
John Beagle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $245,205 |
| Related organizations | $0 |
| Government grants | $1,154,015 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,699,307 |
| Noncash contributions included in lines 1a–1f | $326 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,098,527 |
| Total Program Service Revenue | $642,068 |
| Investment income | $47,988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,707 |
| Net Income from Fundraising Events | -$112,128 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,691,551 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,423 |
| Grants and other assistance to domestic individuals. | $1,082,179 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,900 |
| Compensation of current officers, directors, key employees. | $13,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,679,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $130,296 |
| Payroll taxes | $139,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $109,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $229,434 |
| Advertising and promotion | $143,040 |
| Office expenses | $44,527 |
| Information technology | $185,069 |
| Royalties | $0 |
| Occupancy | $49,902 |
| Travel | $32,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,786 |
| Insurance | $36,140 |
| All other expenses | $58,465 |
| Total functional expenses | $4,964,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,738,759 |
| Savings and temporary cash investments | $734,446 |
| Pledges and grants receivable | $878,974 |
| Accounts receivable, net | $2,138,312 |
| 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 | $79,023 |
| Net Land, buildings, and equipment | $747,926 |
| Investments—publicly traded securities | $5,025,184 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $388,769 |
| Total assets | $11,731,393 |
| Accounts payable and accrued expenses | $328,816 |
| Grants payable | $0 |
| Deferred revenue | $1,490,578 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $550,223 |
| 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 | $7,617 |
| Total liabilities | $2,377,234 |
| Net assets without donor restrictions | $4,786,412 |
| Net assets with donor restrictions | $4,567,747 |
| 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 | $11,731,393 |
Grants Awarded
Over the last fiscal year, Acts Community Development Corporation has awarded $201,423 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ACTS LENDING INC PURPOSE: HOUSING LENDING | $101,423 |
COMMUNITY DEVELOPMENT ALLIANCE CO GREATER MILWAUKEE FOUNDATION PURPOSE: HOMEOWNER ASSISTANCE GRANTS | $100,000 |