Civic Intelligence

Acts Lending Inc.

990 • Fiscal year 2016 • EIN 46-2986750

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 30, 2017

Organization ProfileN/A
2414 W Vliet StreetMilwaukee, WI 53205

(414) 933-2215

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.44x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

4.04x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

83rd percentile

26%

Higher net margin than 83% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

90th percentile

$115,585

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 150.9% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

82nd percentile

27%

Faster asset growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-44%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$709,263

Up $148,996 (+27%) from 2015

Net Assets

Up

$399,548

Up $20,138 (+5.3%) from 2015

Liabilities

Up

$309,715

Up $128,858 (+71%) from 2015

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin83rd percentile

Revenue

Down

$76,611

Down $61,117 (-44%) from 2015

Expenses

Up

$56,473

Up $3,882 (+7.4%) from 2015

Net Income

Down

$20,138

Down $64,999 (-76%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2013: $97,212Liabilities 2013: $02013Assets 2014: $303,057Liabilities 2014: $8,784Net Assets 2014: $294,2732014Assets 2015: $560,267Liabilities 2015: $180,857Net Assets 2015: $379,4102015Assets 2016: $709,263Liabilities 2016: $309,715Net Assets 2016: $399,5482016Assets 2017: $1,065,107Liabilities 2017: $299,500Net Assets 2017: $765,6072017Assets 2018: $1,198,480Liabilities 2018: $173,317Net Assets 2018: $1,025,1632018Assets 2019: $1,738,244Liabilities 2019: $400,094Net Assets 2019: $1,338,1502019Assets 2020: $2,948,037Liabilities 2020: $240,836Net Assets 2020: $2,707,2012020Assets 2021: $4,550,532Liabilities 2021: $1,399,128Net Assets 2021: $3,151,4042021Assets 2022: $7,584,619Liabilities 2022: $4,174,438Net Assets 2022: $3,410,1812022Assets 2023: $9,092,830Liabilities 2023: $4,586,983Net Assets 2023: $4,505,8472023Assets 2024: $19,546,993Liabilities 2024: $6,014,524Net Assets 2024: $13,532,4692024

Highlighted filing

2016

Assets$709,263
Liabilities$309,715
Net Assets$399,548
Open 2016 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Revenue 2013: $97,288Expenses 2013: $76Net Income 2013: $97,2122013Revenue 2014: $214,346Expenses 2014: $17,285Net Income 2014: $197,0612014Revenue 2015: $137,728Expenses 2015: $52,591Net Income 2015: $85,1372015Revenue 2016: $76,611Expenses 2016: $56,473Net Income 2016: $20,1382016Revenue 2017: $454,933Expenses 2017: $88,874Net Income 2017: $366,0592017Revenue 2018: $371,412Expenses 2018: $111,856Net Income 2018: $259,5562018Revenue 2019: $488,418Expenses 2019: $175,431Net Income 2019: $312,9872019Revenue 2020: $1,587,529Expenses 2020: $218,478Net Income 2020: $1,369,0512020Revenue 2021: $702,006Expenses 2021: $257,803Net Income 2021: $444,2032021Revenue 2022: $584,182Expenses 2022: $325,405Net Income 2022: $258,7772022Revenue 2023: $1,531,192Expenses 2023: $505,922Net Income 2023: $1,025,2702023Revenue 2024: $9,717,402Expenses 2024: $690,780Net Income 2024: $9,026,6222024

Highlighted filing

2016

Revenue$76,611
Expenses$56,473
Net Income$20,138
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 30, 2017
Return Version
2016v3.0
Gross Receipts
$76,611
Mission and Program Overview

Mission

ACTS Lending, Inc. provides mortgage capital to assist families primarily with financing for the repairs needed to reclaim vacant, distressed, homes in Milwaukee and Beloit's neighborhoods.

Acts lending,inc. Provides mortgage capital to assist families primarily with financing for the repairs needed to reclaim vacant, vandalized, homes in milwaukee's inner city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$458,975$576,682▲ $117,707
Cash and Non-Interest-Bearing Accounts$72,786$99,631▲ $26,845
Savings and Temporary Cash Investments$26,554$21,893▼ $4,661
Accounts Receivable-$9,884-
Intangible Assets$1,952$933▼ $1,019
Prepaid Expenses and Deferred Charges-$240-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Inventories for Sale or Use-$0-
Total Assets$560,267$709,263▲ $148,996
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$155,188$287,968▲ $132,780
Escrow Account Liability$14,093$13,156▼ $937
Accounts Payable and Accrued Expenses$11,576$8,591▼ $2,985
Total Liabilities$180,857$309,715▲ $128,858
Net Assets / Fund Balance
Unrestricted Net Assets$369,410$389,548▲ $20,138
Temporarily Rstr Net Assets$10,000$10,000→ $0
Total Net Assets Fund Balance$379,410$399,548▲ $20,138
Total Liabilities and Net Assets / Fund Balance$560,267$709,263▲ $148,996
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Michael GosmanExecutive DirectorPT$115,585$115,585
Eileen LazichaccountantPT$56,705$56,705

Board Members and Trustees

NameTitle
John LinnenPresident
Michael ZimmermanVice President
Amy SchlegDirector
Autumn LatimoreDirector
John WeitzerDirector
Kevin MalaneyDirector
Kurt KellogDirector
Margaret KeehnDirector
Stephen RotheTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,174
Program Service Revenue
$20,405
Investment Income
$32
Other Revenue
$0
All Other Contributions
$56,174
Change in Net Assets
$20,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$35,160
Other Expenses$21,313
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$29,238$5,922-$35,160
Fees for Services Other$6,400--$6,400
Interest$2,439--$2,439
Office Expenses$1,932--$1,932
Depreciation Depletion$1,019--$1,019
Information Technology$210--$210
Other Expenses$125--$125
Total Functional Expenses$50,551$5,922$0$56,473
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board reviewed the 990 prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“ACTS CDC has a conflict of interest policy and the bylaws of ACTS lending call for one. The organization has been operating as if the conflict of interest for ACTS CDC applies to ACTS Lending, given the shared board members and staffing.”

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. During subsequent years, the board and executive director have reviewed compensation of staff annually as a part of the overall budget approval process. All compensation is paid through ACTS Housing.”

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. During subsequent years, the board and executive director have reviewed compensation of staff annually as a part of the overall budget approval process. All compensation is paid through ACTS Housing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Upon request”

Filing and Contact Details

Filer

Filer Name
Acts Lending Inc
EIN
46-2986750
Phone
4149332215
Address
2414 W VLIET STREET, MILWAUKEE, WI 53205

Signing Officer

Name
Michael Zimmerman
Title
President
Signed
2017-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Zimmerman
Formed
2013
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
22

Preparer

Firm
Ritz Holman LLP
Address
330 E Kilbourn Ste 550, Milwaukee, WI 53202-3144
Preparer
Andrew C Holman
Phone
4142711451
Supplemental Narrative

Financial Statement Notes

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, 2016, 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.”

Raw XML AppendixShowing 400 of 492 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt011576
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt08591
IRS990/AccountsReceivableGrp/EOYAmt09884
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ACTS LENDING,INC. PROVIDES MORTGAGE CAPITAL TO ASSIST FAMILIES PRIMARILY WITH FINANCING FOR THE REPAIRS NEEDED TO RECLAIM VACANT, VANDALIZED, HOMES IN MILWAUKEE'S INNER CITY.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt056174
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0EILEEN LAZICH
IRS990/BooksInCareOfDetail/PhoneNum04149332215
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02414 W VLIET STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0MILWAUKEE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053205
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt072786
IRS990/CashNonInterestBearingGrp/EOYAmt099631
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt056174
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt032
IRS990/CYOtherExpensesAmt021313
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt020405
IRS990/CYRevenuesLessExpensesAmt020138
IRS990/CYSalariesCompEmpBnftPaidAmt035160
IRS990/CYTotalExpensesAmt056473
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt076611
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01019
IRS990/DepreciationDepletionGrp/TotalAmt01019
IRS990/Desc0ACTS Lending, Inc., provides micro-rehab mortgage loans to qualifying families that are purchasing vacant, vandalized, foreclosures in our focus neighborhoods. Loans are outstanding to more than 98 individuals and the portfolio is more than 98% current, meaning that we not only are able to provide necessary capital into the inner-city housing market, but the families that borrow funds are remaining current on their obligations.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt014093
IRS990/EscrowAccountLiabilityGrp/EOYAmt013156
IRS990/ExpenseAmt050551
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt06400
IRS990/FeesForServicesOtherGrp/TotalAmt06400
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt930.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1030.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt910.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1010.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt915252
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0John Linnen
IRS990/Form990PartVIISectionAGrp/PersonNm1Margaret Keehn
IRS990/Form990PartVIISectionAGrp/PersonNm2Autumn Latimore
IRS990/Form990PartVIISectionAGrp/PersonNm3John Weitzer
IRS990/Form990PartVIISectionAGrp/PersonNm4Kurt Kellog
IRS990/Form990PartVIISectionAGrp/PersonNm5Kevin Malaney
IRS990/Form990PartVIISectionAGrp/PersonNm6Michael Zimmerman
IRS990/Form990PartVIISectionAGrp/PersonNm7Stephen Rothe
IRS990/Form990PartVIISectionAGrp/PersonNm8Amy Schleg
IRS990/Form990PartVIISectionAGrp/PersonNm9Eileen Lazich
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael Gosman
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt941453
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10115585
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9accountant
IRS990/Form990PartVIISectionAGrp/TitleTxt10Executive Dir.
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt076611
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0210
IRS990/InformationTechnologyGrp/TotalAmt0210
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt01952
IRS990/IntangibleAssetsGrp/EOYAmt0933
IRS990/InterestGrp/ProgramServicesAmt02439
IRS990/InterestGrp/TotalAmt02439
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt032
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt032
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0WI
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ACTS LENDING,INC. PROVIDES MORTGAGE CAPITAL TO ASSIST FAMILIES PRIMARILY WITH FINANCING FOR THE REPAIRS NEEDED TO RECLAIM VACANT, VANDALIZED, HOMES IN MILWAUKEE'S INNER CITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0379410
IRS990/NetAssetsOrFundBalancesEOYAmt0399548
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt01932
IRS990/OfficeExpensesGrp/TotalAmt01932
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1Closing Expense
IRS990/OtherExpensesGrp/Desc2Other Expense
IRS990/OtherExpensesGrp/ProgramServicesAmt08639
IRS990/OtherExpensesGrp/ProgramServicesAmt1549
IRS990/OtherExpensesGrp/ProgramServicesAmt2125
IRS990/OtherExpensesGrp/TotalAmt08639
IRS990/OtherExpensesGrp/TotalAmt1549
IRS990/OtherExpensesGrp/TotalAmt2125
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05922
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt029238
IRS990/OtherSalariesAndWagesGrp/TotalAmt035160
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0458975
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0576682
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0240
IRS990/PrincipalOfficerNm0Michael Zimmerman
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522292
IRS990/ProgramServiceRevenueGrp/BusinessCd1522292
IRS990/ProgramServiceRevenueGrp/Desc0Loan Interest Income
IRS990/ProgramServiceRevenueGrp/Desc1Program Service Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016577
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13828
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016577
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13828
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0128007
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt033
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt017431
IRS990/PYOtherRevenueAmt030
IRS990/PYProgramServiceRevenueAmt09658
IRS990/PYRevenuesLessExpensesAmt085137
IRS990/PYSalariesCompEmpBnftPaidAmt035160
IRS990/PYTotalExpensesAmt052591
IRS990/PYTotalRevenueAmt0137728
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt020138
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt020405
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026554
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021893
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt056174
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0128007
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0209763
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt095742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0489686
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt016609
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04649
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04583
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01546
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt027387
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt08870
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt030
IRS990ScheduleA/OtherIncome170Grp/TotalAmt030
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0489686
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt056174
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0128007
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0209763
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt095742
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0489686
IRS990ScheduleA/TotalSupportAmt0517103
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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, 2016, 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board reviewed the 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTS CDC has a conflict of interest policy and the bylaws of ACTS lending call for one. The organization has been operating as if the conflict of interest for ACTS CDC applies to ACTS Lending, given the shared board members and staffing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation 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. During subsequent years, the board and executive director have reviewed compensation of staff annually as a part of the overall budget approval process. All compensation is paid through ACTS Housing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation 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. During subsequent years, the board and executive director have reviewed compensation of staff annually as a part of the overall budget approval process. All compensation is paid through ACTS Housing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0ACTS COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ACTS COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391837474
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0affordable homeownership opportunities
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509 (a) (2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01445 N 24TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MILWAUKEE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053205
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$709,263
Liabilities
$309,715
Net assets
$399,548
Revenue
$76,611
Expenses
$56,473
Net income
$20,138
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$6.01$13.5$9.72$0.69$9.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.09$4.59$4.51$1.53$0.51$1.03
2022Detailed filing. Detailed filing data is available for this year.$7.58$4.17$3.41$0.58$0.33$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$1.40$3.15$0.70$0.26$0.44
2020Detailed filing. Detailed filing data is available for this year.$2.95$0.24$2.71$1.59$0.22$1.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.74$0.40$1.34$0.49$0.18$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.17$1.03$0.37$0.11$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.30$0.77$0.45$0.09$0.37
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.31$0.40$0.08$0.06$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.18$0.38$0.14$0.05$0.09
2014Summary only. Only limited summary data is available for this year.$0.30$0.01$0.29$0.21$0.02$0.20
2013Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$0.00$0.10