Civic Intelligence

Acts Lending Inc.

990 • Fiscal year 2019 • EIN 46-2986750

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 19, 2020

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

67th percentile

0.23x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

0.82x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

80th percentile

$136,400

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 27.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

90th percentile

45%

Faster asset growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

82nd percentile

32%

Faster revenue growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$1,738,244

Up $539,764 (+45%) from 2018

Net Assets

Up

$1,338,150

Up $312,987 (+31%) from 2018

Liabilities

Up

$400,094

Up $226,777 (+131%) from 2018

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin94th percentile

Revenue

Up

$488,418

Up $117,006 (+32%) from 2018

Expenses

Up

$175,431

Up $63,575 (+57%) from 2018

Net Income

Up

$312,987

Up $53,431 (+21%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth90th 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

2019

Assets$1,738,244
Liabilities$400,094
Net Assets$1,338,150
Open 2019 Filing

Operations Trend

Revenue Growth82nd 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

2019

Revenue$488,418
Expenses$175,431
Net Income$312,987
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 19, 2020
Return Version
2019v5.0
Gross Receipts
$488,418
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$740,869$1,752,637▲ $1,011,768
Cash and Non-Interest-Bearing Accounts$410,279$447,247▲ $36,968
Pledges and Grants Receivable$25,000$0▼ $25,000
Savings and Temporary Cash Investments$21,955$21,728▼ $227
Prepaid Expenses and Deferred Charges$240$884▲ $644
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Accounts Receivable$137$-484,252▼ $484,389
Total Assets$1,198,480$1,738,244▲ $539,764
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$167,003$329,503▲ $162,500
Escrow Account Liability$5,493$69,723▲ $64,230
Accounts Payable and Accrued Expenses$821$868▲ $47
Total Liabilities$173,317$400,094▲ $226,777
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,015,163$1,328,150▲ $312,987
Net Assets With Donor Restrictions$10,000$10,000→ $0
Total Net Assets Fund Balance$1,025,163$1,338,150▲ $312,987
Total Liabilities and Net Assets / Fund Balance$1,198,480$1,738,244▲ $539,764
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Michael GosmanPresident & CEOPT$136,400$136,400

Board Members and Trustees

NameTitle
Michael ZimmermanPast President
Allison SteinhafelPresident
Joe SchildtVice President
Anthony FrandaDirector
Anthony McHenryDirector
Christopher SchreiberDirector
Josh YamatDirector
Kevin MalaneyDirector
Kristen GaglianoDirector
Kurt KelloggDirector
Pam EvasonDirector
William R TisdaleDirector
Stephen RotheTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$429,713
Program Service Revenue
$58,683
Investment Income
$22
Other Revenue
$0
All Other Contributions
$429,713
Change in Net Assets
$312,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$107,900
Other Expenses$67,531
Total Fundraising Expense$10,790
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$86,320$10,790$10,790$107,900
Office Expenses-$3,600-$3,600
Fees for Services Other$3,275--$3,275
Interest-$1,949-$1,949
Occupancy-$1,200-$1,200
Information Technology-$432-$432
Other Expenses$30$1,961-$30
Total Functional Expenses$144,709$19,932$10,790$175,431
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 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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 entire board is provided the 990 (excluding Schedule B) for review prior to filing, the executive committee reviews the full 990 (including schedule B) and discusses any necessary items with the full board”

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.”

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 Gosman
Title
President & CEO
Signed
2020-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allison Steinhafel
Formed
2013
Legal Domicile
Wi
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
25

Preparer

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

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

“The Organization holds escrow accounts related to lending program for homeowner property taxes and insurance.”

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, 2019, 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 531 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/BOYAmt0821
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0868
IRS990/AccountsReceivableGrp/BOYAmt0137
IRS990/AccountsReceivableGrp/EOYAmt0-484252
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ACTS 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.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt0429713
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Michael Gosman
IRS990/BooksInCareOfDetail/PhoneNum04149332215
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02414 W VLIET STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0MILWAUKEE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053205
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0410279
IRS990/CashNonInterestBearingGrp/EOYAmt0447247
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0429713
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt022
IRS990/CYOtherExpensesAmt067531
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt058683
IRS990/CYRevenuesLessExpensesAmt0312987
IRS990/CYSalariesCompEmpBnftPaidAmt0107900
IRS990/CYTotalExpensesAmt0175431
IRS990/CYTotalFundraisingExpenseAmt010790
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0488418
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Acts Lending, Inc., provides purchase-rehab mortgage loans to families that are purchasing distressed foreclosures in Milwaukee and Beloit, Wisconsin. Loans are outstanding to 107 individuals/families and the portfolio has delinquencies of less than 0.25%.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt010000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt010000
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt05493
IRS990/EscrowAccountLiabilityGrp/EOYAmt069723
IRS990/ExpenseAmt0144709
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt03275
IRS990/FeesForServicesOtherGrp/TotalAmt03275
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/AverageHoursPerWeekRltdOrgRt030.00
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/AverageHoursPerWeekRltdOrgRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
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/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
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/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
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/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0Michael Gosman
IRS990/Form990PartVIISectionAGrp/PersonNm1Anthony Franda
IRS990/Form990PartVIISectionAGrp/PersonNm2Joe Schildt
IRS990/Form990PartVIISectionAGrp/PersonNm3Kurt Kellogg
IRS990/Form990PartVIISectionAGrp/PersonNm4Allison Steinhafel
IRS990/Form990PartVIISectionAGrp/PersonNm5Kevin Malaney
IRS990/Form990PartVIISectionAGrp/PersonNm6Michael Zimmerman
IRS990/Form990PartVIISectionAGrp/PersonNm7Stephen Rothe
IRS990/Form990PartVIISectionAGrp/PersonNm8Christopher Schreiber
IRS990/Form990PartVIISectionAGrp/PersonNm9Pam Evason
IRS990/Form990PartVIISectionAGrp/PersonNm10Kristen Gagliano
IRS990/Form990PartVIISectionAGrp/PersonNm11Josh Yamat
IRS990/Form990PartVIISectionAGrp/PersonNm12Anthony McHenry
IRS990/Form990PartVIISectionAGrp/PersonNm13William R Tisdale
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/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0136400
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0488418
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0432
IRS990/InformationTechnologyGrp/TotalAmt0432
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt01949
IRS990/InterestGrp/TotalAmt01949
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt022
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt022
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0WI
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, distressed, homes in Milwaukee and Beloit's neighborhoods.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01025163
IRS990/NetAssetsOrFundBalancesEOYAmt01338150
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01015163
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01328150
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01200
IRS990/OccupancyGrp/TotalAmt01200
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03600
IRS990/OfficeExpensesGrp/TotalAmt03600
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1Other Expense
IRS990/OtherExpensesGrp/Desc2Closing Expense
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01961
IRS990/OtherExpensesGrp/ProgramServicesAmt055084
IRS990/OtherExpensesGrp/ProgramServicesAmt130
IRS990/OtherExpensesGrp/TotalAmt055084
IRS990/OtherExpensesGrp/TotalAmt11961
IRS990/OtherExpensesGrp/TotalAmt230
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010790
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010790
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt086320
IRS990/OtherSalariesAndWagesGrp/TotalAmt0107900
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0740869
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01752637
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0240
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0884
IRS990/PrincipalOfficerNm0Allison Steinhafel
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522292
IRS990/ProgramServiceRevenueGrp/BusinessCd1522292
IRS990/ProgramServiceRevenueGrp/Desc0Loan Interest Income
IRS990/ProgramServiceRevenueGrp/Desc1Program Service Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt047187
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111496
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt047187
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111496
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0336140
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt031
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt017068
IRS990/PYOtherRevenueAmt023
IRS990/PYProgramServiceRevenueAmt035218
IRS990/PYRevenuesLessExpensesAmt0259556
IRS990/PYSalariesCompEmpBnftPaidAmt094788
IRS990/PYTotalExpensesAmt0111856
IRS990/PYTotalRevenueAmt0371412
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0312987
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt058683
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021955
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021728
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0429713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0336140
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0421900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt056174
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0128007
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01371934
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt047187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt029677
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt025127
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016609
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04649
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0123249
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt033783
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt022
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt023
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt060
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt030
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0135
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85630
IRS990ScheduleA/PublicSupportPY170Pct00.85150
IRS990ScheduleA/PublicSupportTotal170Amt01280496
IRS990ScheduleA/SubstantialContributorsTotAmt091438
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0429713
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0336140
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0421900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt056174
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0128007
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01371934
IRS990ScheduleA/TotalSupportAmt01495318
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/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization holds escrow accounts related to lending program for homeowner property taxes and insurance.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The 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, 2019, 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 IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The entire board is provided the 990 (excluding Schedule B) for review prior to filing, the executive committee reviews the full 990 (including schedule B) and discusses any necessary items with the full board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,738,244
Liabilities
$400,094
Net assets
$1,338,150
Revenue
$488,418
Expenses
$175,431
Net income
$312,987
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
2019Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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