Civic Intelligence

Acts Lending Inc.

990 • Fiscal year 2020 • EIN 46-2986750

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

Organization ProfileACTSHOUSING.ORG
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

47th percentile

0.08x

Higher debt load relative to assets than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.15x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

97th percentile

86%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$160,542

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

90th percentile

70%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

225%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$2,948,037

Up $1,209,793 (+70%) from 2019

Net Assets

Up

$2,707,201

Up $1,369,051 (+102%) from 2019

Liabilities

Down

$240,836

Down $159,258 (-40%) from 2019

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin97th percentile

Revenue

Up

$1,587,529

Up $1,099,111 (+225%) from 2019

Expenses

Up

$218,478

Up $43,047 (+25%) from 2019

Net Income

Up

$1,369,051

Up $1,056,064 (+337%) from 2019

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

2020

Assets$2,948,037
Liabilities$240,836
Net Assets$2,707,201
Open 2020 Filing

Operations Trend

Revenue Growth97th 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

2020

Revenue$1,587,529
Expenses$218,478
Net Income$1,369,051
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$1,587,529
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, distressed, homes in neighborhoods of milwaukee and beloit wisconsin.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,752,637$2,616,135▲ $863,498
Cash and Non-Interest-Bearing Accounts$447,247$426,283▼ $20,964
Savings and Temporary Cash Investments$21,728$21,731▲ $3
Prepaid Expenses and Deferred Charges$884$851▼ $33
Intangible Assets$0$0→ $0
Accounts Receivable$-484,252$-116,963▲ $367,289
Total Assets$1,738,244$2,948,037▲ $1,209,793
Liabilities
Unsecured Notes Loans Payable$329,503$218,782▼ $110,721
Escrow Account Liability$69,723$20,996▼ $48,727
Accounts Payable and Accrued Expenses$868$1,058▲ $190
Total Liabilities$400,094$240,836▼ $159,258
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,328,150$2,697,201▲ $1,369,051
Net Assets With Donor Restrictions$10,000$10,000→ $0
Total Net Assets Fund Balance$1,338,150$2,707,201▲ $1,369,051
Total Liabilities and Net Assets / Fund Balance$1,738,244$2,948,037▲ $1,209,793
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Dorothy YorkChief Operating OfficerPT$120,579$120,579

Board Members and Trustees

NameTitle
Allison SteinhafelChair
Michael ZimmermanPast President
Michael GosmanPresident & CEO
Joe SchildtVice Chair
Anthony FrandaDirector
Anthony MchenryDirector
Christopher SchreiberDirector
Heather RamirezDirector
Josh YamatDirector
Kevin MalaneyDirector
Kristen GaglianoDirector
Kurt KelloggDirector
Pam EvasonDirector
Stephen RotheTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,473,444
Program Service Revenue
$114,082
Investment Income
$3
Other Revenue
$0
All Other Contributions
$1,473,444
Change in Net Assets
$1,369,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,909
Salaries, Compensation, and Employee Benefits$106,569
Total Fundraising Expense$10,657
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,255$10,657$10,657$106,569
Fees for Services Other$16,564--$16,564
Interest$4,655--$4,655
Office Expenses-$3,600-$3,600
Other Expenses$82,961$2,177-$2,177
Occupancy-$1,200-$1,200
Information Technology-$752-$752
Total Functional Expenses$189,435$18,386$10,657$218,478
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
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, Section A, Line 8B

“Line 8b explanation - there are no committees that have authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Line 11b explanation - 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, Section B, Line 12C

“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, Section B, Line 15

“Acts lending does not give compensation directly to any employees, all compensation is paid through acts housing and charged back to lending. Acts lending does not give compensation directly to any employees, all compensation is paid through acts housing and charged back to lending.”

Form 990, Part VI, Section C, Line 19

“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
Phone
4149332215
Signed
2021-11-05
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 AVE SUITE 550, MILWAUKEE, WI 53202
Preparer
Renee Messing
Phone
4142711451
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There have been no changes.”

Financial Statement Notes

PART IV, LINE 2B:

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

PART X, LINE 2:

“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, 2020, 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 535 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0868
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01058
IRS990/AccountsReceivableGrp/BOYAmt0-484252
IRS990/AccountsReceivableGrp/EOYAmt0-116963
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ACTS LENDING, INC. PROVIDES MORTGAGE CAPITAL TO ASSIST FAMILIES PRIMARILY WITH FINANCING FOR THE REPAIRS NEEDED TO RECLAIM VACANT, DISTRESSED, HOMES IN NEIGHBORHOODS OF MILWAUKEE AND BELOIT WISCONSIN.
IRS990/AllOtherContributionsAmt01473444
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHAEL GOSMAN
IRS990/BooksInCareOfDetail/PhoneNum04149332215
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02414 W VLIET STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0MILWAUKEE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053205
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0447247
IRS990/CashNonInterestBearingGrp/EOYAmt0426283
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01473444
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03
IRS990/CYOtherExpensesAmt0111909
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0114082
IRS990/CYRevenuesLessExpensesAmt01369051
IRS990/CYSalariesCompEmpBnftPaidAmt0106569
IRS990/CYTotalExpensesAmt0218478
IRS990/CYTotalFundraisingExpenseAmt010657
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01587529
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
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 94 INDIVIDUALS/FAMILIES AND THE PORTFOLIO HAS DELINQUENCIES OF LESS THAN 2.5%.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt010000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt010000
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt069723
IRS990/EscrowAccountLiabilityGrp/EOYAmt020996
IRS990/ExpenseAmt0189435
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt016564
IRS990/FeesForServicesOtherGrp/TotalAmt016564
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
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/AverageHoursPerWeekRltdOrgRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1330.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1430.00
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/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1310.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1410.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
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/OtherCompensationAmt1315935
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1410020
IRS990/Form990PartVIISectionAGrp/PersonNm0ALLISON STEINHAFEL
IRS990/Form990PartVIISectionAGrp/PersonNm1JOE SCHILDT
IRS990/Form990PartVIISectionAGrp/PersonNm2STEPHEN ROTHE
IRS990/Form990PartVIISectionAGrp/PersonNm3PAM EVASON
IRS990/Form990PartVIISectionAGrp/PersonNm4ANTHONY FRANDA
IRS990/Form990PartVIISectionAGrp/PersonNm5KRISTEN GAGLIANO
IRS990/Form990PartVIISectionAGrp/PersonNm6KURT KELLOGG
IRS990/Form990PartVIISectionAGrp/PersonNm7KEVIN MALANEY
IRS990/Form990PartVIISectionAGrp/PersonNm8ANTHONY MCHENRY
IRS990/Form990PartVIISectionAGrp/PersonNm9HEATHER RAMIREZ
IRS990/Form990PartVIISectionAGrp/PersonNm10CHRISTOPHER SCHREIBER
IRS990/Form990PartVIISectionAGrp/PersonNm11JOSH YAMAT
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL ZIMMERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL GOSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14DOROTHY YORK
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/ReportableCompFromOrgAmt140
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13144607
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14110559
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF OPERATING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01587529
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0752
IRS990/InformationTechnologyGrp/TotalAmt0752
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt04655
IRS990/InterestGrp/TotalAmt04655
IRS990/InvestmentIncomeGrp/ExclusionAmt03
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01338150
IRS990/NetAssetsOrFundBalancesEOYAmt02707201
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01328150
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02697201
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01200
IRS990/OccupancyGrp/TotalAmt01200
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03600
IRS990/OfficeExpensesGrp/TotalAmt03600
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LOAN LOSS RESERVE ADJUS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02177
IRS990/OtherExpensesGrp/ProgramServicesAmt082961
IRS990/OtherExpensesGrp/TotalAmt082961
IRS990/OtherExpensesGrp/TotalAmt12177
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010657
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010657
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt085255
IRS990/OtherSalariesAndWagesGrp/TotalAmt0106569
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01752637
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02616135
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0884
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0851
IRS990/PrincipalOfficerNm0ALLISON STEINHAFEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522292
IRS990/ProgramServiceRevenueGrp/BusinessCd1522292
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0101781
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112301
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0101781
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112301
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0429713
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022
IRS990/PYOtherExpensesAmt067531
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt058683
IRS990/PYRevenuesLessExpensesAmt0312987
IRS990/PYSalariesCompEmpBnftPaidAmt0107900
IRS990/PYTotalExpensesAmt0175431
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0488418
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01369051
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0114082
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021728
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021731
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01473444
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0429713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0336140
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0421900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt056174
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02717371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0101781
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt047187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt029677
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt025127
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt016609
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0220381
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt041042
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt022
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt023
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt060
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0107
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91050
IRS990ScheduleA/PublicSupportPY170Pct00.85630
IRS990ScheduleA/PublicSupportTotal170Amt02674878
IRS990ScheduleA/SubstantialContributorsTotAmt042493
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01473444
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0429713
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0336140
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0421900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt056174
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02717371
IRS990ScheduleA/TotalSupportAmt02937859
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/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
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, 2020, 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:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0144607
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt015935
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL GOSMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0160542
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 8B EXPLANATION - THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 11B EXPLANATION - 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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD 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/ExplanationTxt3ACTS LENDING DOES NOT GIVE COMPENSATION DIRECTLY TO ANY EMPLOYEES, ALL COMPENSATION IS PAID THROUGH ACTS HOUSING AND CHARGED BACK TO LENDING. ACTS LENDING DOES NOT GIVE COMPENSATION DIRECTLY TO ANY EMPLOYEES, ALL COMPENSATION IS PAID THROUGH ACTS HOUSING AND CHARGED BACK TO LENDING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE HAVE BEEN NO CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,948,037
Liabilities
$240,836
Net assets
$2,707,201
Revenue
$1,587,529
Expenses
$218,478
Net income
$1,369,051
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
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