2024-11-15T21:02:05-06:00 2023-12-31 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2023-01-01 300479790 IMPACT SEVEN INCORPORATED D/B/A GROUP RETURN 9527 IMPA 7154341717 2961 DECKER DRIVE RICE LAKE WI 54868 MATT PIOSKE VP OF ACCOUNTING 7154341717 2024-11-15 1 0 SAMUEL T BOERMA P00614373 8506500125 2023 2024-10-15 13:58:12Z BRETT GERBER 2961 DECKER DRIVE RICE LAKE WI 54868 3219194 1 1 9527 X IMPACTSEVEN.ORG X TO PROVIDE LOW INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS. 15 14 0 0 0 0 0 0 2951254 3202484 3901 14535 5597 2175 2960752 3219194 0 0 0 0 0 0 0 0 0 3509867 3650695 3509867 3650695 -549115 -431501 20798089 20287092 1416088 1336592 19382001 18950500 HOUSING FOR ELDERLY, HANDICAPPED AND LOW INCOME INDIVIDUALS AND FAMILIES. 0 0 2940214 3204659 PROVIDE LOW INCOME ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS. INCLUDED IN THIS GROUP RETURN ARE 29 SEPARATE HOUSING PROJECTS. 2940214 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MATT PIOSKE 7154341704 2961 DECKER DRIVE RICE LAKE WI 54868 X BRETT GERBER PRESIDENT/CEO 40.00 10.00 X X 0 509396 138859 MICHAEL BEBEAU CHAIRMAN 1.00 1.00 X X 0 0 0 MARY PATOKA VICE CHAIRMAN 1.00 1.00 X X 0 0 0 MARY HUBLER SECRETARY 1.00 1.00 X X 0 0 0 DAVID DANIELSON DIRECTOR 1.00 1.00 X 0 0 0 EARLE EDWARDS TREASURER 1.00 1.00 X X 0 0 0 IVAN GAMBOA DIRECTOR 1.00 1.00 X 0 0 0 PHILIP LINDEMAN DIRECTOR 1.00 1.00 X 0 0 0 JAY MACK DIRECTOR 1.00 1.00 X 0 0 0 KEVIN SHIPLEY DIRECTOR 1.00 1.00 X 0 0 0 RUSSELL SWAGGER DIRECTOR 1.00 1.00 X 0 0 0 JOHN WILL DIRECTOR 1.00 1.00 X 0 0 0 DIANE SCHOBERT DIRECTOR 1.00 1.00 X 0 0 0 DEREK TAYLOR DIRECTOR 1.00 1.00 X 0 0 0 TOM PATZMAN VP BUSINESS DEVELOPMENT 20.00 20.00 X 0 264017 38170 KAREN FISCHER VP PROPERTY MANAGEMENT 20.00 20.00 X 0 123878 15997 TERRA PAWLIUK-MCGIFFIN VP OF ACCOUNTING 20.00 20.00 X 0 116271 38244 CAROL KEEN VP REAL ESTATE DEVELOPMENT 40.00 10.00 X 0 137487 17108 CAROLINE LOYAS DIRECTOR OF RESOURCE DEVELOPMENT 0.00 40.00 X 0 113408 30189 TAD GIYAN DIRECTOR OF BUSINESS DEVELOPMENT 0.00 40.00 X 0 115478 19289 0 1379935 297856 0 0 1 0 IMPACT SEVEN INC 2961 DECKER DRIVE RICE LAKE WI 54868 MANAGEMENT FEES 371300 1 RENTAL INCOME 531110 3177308 3177308 PARKING 531110 13373 13373 LAUNDY & VENDING 531110 11803 11803 3202484 14535 14535 MISCELLANEOUS INCOME 531110 2175 2175 2175 3219194 3204659 0 14535 X 371300 371300 4832 4832 97000 97000 793932 793932 13878 13878 9175 9175 430423 430423 787342 787342 142490 142490 REPAIRS & MAINTENANCE 610702 610702 MISCELLANEOUS ADMINISTR 223471 223471 SERVICE COORDINATOR EXP 89162 89162 SECURITY CONTRACT 37811 37811 39177 39177 3650695 2940214 710481 0 444977 141176 25499 62764 33860 46823 32467270 14907904 17869801 17559366 2423952 2476963 20798089 20287092 263662 246583 10512 14027 963427 856135 178487 219847 1416088 1336592 X -9653031 -10861118 29035032 29811618 19382001 18950500 20798089 20287092 -431501 0 X X 0 1 X 1 1 1 X 1272371 1377756 2951254 3202484 8803865 1272371 1377756 2951254 3202484 8803865 8803865 9993 7827 5770 3901 14535 42026 8845891 0.99520 0.99470 X 1850018 1850018 29555413 14907904 14647509 875910 875910 185929 185929 17559366 SECURITY DEPOSITS 135528 REPLACEMENT RESERVE 2183492 RESIDUAL RESERVE RECEIPTS 110589 ESCROW DEPOSITS 47354 2476963 N/P - INTERCOMPANY 6500 NOTE PAYABLE - SURPLUS CASH 49806 ACCRUED MANAGEMENT FEE 4960 TENANT DEPOSITS 131034 NOTES PAYABLE (SHORT TERM) 27547 219847 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON THE TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING DURING INTERIM PERIODS. THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023 AND 2022. PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON THE TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING DURING INTERIM PERIODS. THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023 AND 2022. 0 1 0 0 0 0 0 0 0 BRETT GERBER PRESIDENT/CEO 0 350130 0 133768 0 25498 0 109900 0 28959 0 648255 0 0 TOM PATZMAN VP BUSINESS DEVELOPMENT 0 222917 0 39755 0 1345 0 8143 0 30027 0 302187 0 0 CAROL KEEN VP REAL ESTATE DEVELOPMENT 0 113260 0 20000 0 4227 0 4070 0 13038 0 154595 0 0 TERRA PAWLIUK-MCGIFFIN VP OF ACCOUNTING 0 99804 0 16000 0 467 0 3732 0 34512 0 154515 0 0 PART I, LINE 1A THE ORGANIZATION'S PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONSTROLLING ORGANIZATION, IMPACT SEVEN, INC. IMPACT SEVEN, INC. USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -WRITTEN EMPLOYMENT CONTRACT, AND -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4B BRETT GERBER PARTICIPATED IN A SECTION 457(F) BENEFIT PLAN. NO AMOUNTS WERE PAID UNDER THE PLAN DURING THE YEAR. SCHEDULE J, PART II: THE ORGANIZATION'S PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONTROLLING ORGANIZATION, IMPACT SEVEN INC. THE ORGANIZATION HAS ITS OWN PROPERTY BUT NOT ITS OWN EMPLOYEES. IMPACT SEVEN, INC. CHARGES THE ORGANIZATION FOR ITS USE OF ITS EMPLOYEES SO THAT MANAGEMENT AND BOOKKEEPING FUNCTIONS CAN BE CARRIED OUT. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITED FINANCIAL STATEMENTS OF THE SUBORDINATE ORGANIZATIONS INCLUDED IN THIS FORM 990 ARE APPROVED BY EACH ENTITY'S BOARD OF DIRECTORS. THE BOARD PRESIDENT AND THE TREASURER REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATIONS' CONTROLLING ORGANIZATION, IMPACT SEVEN, INC., MAINTAINS A CONFLICTS OF INTEREST POLICY FOR ALL EMPLOYEES AND ALL BOARD DIRECTORS. AN INDIVIDUAL WITH A PERCEIVED OR ACTUAL CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN ANY DISCUSSION OR DECISION RELATING TO THE CONFLICTING ISSUE. ALL EMPLOYEE CONFLICTS OF INTEREST ARE REVIEWED BY THE CEO. ANY CONFLICTS OF INTEREST RELATED TO THE CEO ARE REVIEWED BY THE BOARD OF DIRECTORS AND ANY BOARD OF DIRECTOR CONFLICTS OF INTEREST ARE REVIEWED BY THE REMAINING BOARD DIRECTORS WITHOUT A CONFLICT. SUBSEQUENT TO ANY REVIEW, APPROPRIATE ACTION IS TAKEN DEPENDING ON THE SPECIFIC CIRCUMSTANCES INVOLVED. ADDITIONAL POLICY DETAILS ARE IN THE ORGANIZATIONS PERSONNEL POLICIES, FINANCIAL POLICIES AND BOARD POLICIES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE LOCATED AT THE MAIN OFFICE AND ARE PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15: NONE OF THE ORGANIZATIONS INCLUDED IN THIS GROUP RETURN HAVE ANY EMPLOYEES. THE ORGANIZATIONS' PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONTROLLING ORGANIZATION, IMPACT SEVEN, INC. IMPACT SEVEN, INC. CHARGES THE ORGANIZATION FOR ITS USE OF ITS EMPLOYEES SO THAT MANGAEMENT AND BOOKKEEPING FUNCTIONS CAN BE CARRIED OUT. FORM 990, PART VII, SECTION A: PRESIDENT/CEO BRETT GERBER AND VICE PRESIDENT OF ACCOUNTING TERRA MCGIFFIN ARE EMPLOYED BY IMPACT SEVEN, INC., THE CENTRAL ORGANIZATION OF THE GROUP EXEMPTION. THE SUBORDINATE ORGANIZATIONS PAY MANAGEMENT FEES TO IMPACT SEVEN, INC. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 793,932. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 793,932. FORM 990, PART XII, LINE 2C: IMPACT SEVEN, INC., THE CENTRAL ORGANIZATION OF THE GROUP EXEMPTION, HAS A COMMITTEE WHICH ASSUMES RESPONSIBILITY OVER THE AUDITS, REVIEWS AND COMPILATIONS OF ITS FINANCIAL STATEMENTS, AS WELL AS THE SELECTION OF INDEPENDENT ACCOUNTANT. THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BAYBARRY CORPORATION LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391806915 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 10 IMPACT SEVEN INC 0 COULEE HOMES LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391668287 CHRONICALLY MENTALLY ILL HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC 0 DEER PARK HOUSING LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391666242 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC 0 HEARTHSTONE HOUSING LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391694895 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC 0 HOME CONVERSIONS INC 2961 DECKER DRIVE RICE LAKE WI 54868 391637297 LOW INCOME HOUSING WI 501(C)(3) LINE 10 IMPACT SEVEN INC 0 IMPACT ACCEPTANCE CORPORATION 2961 DECKER DRIVE RICE LAKE WI 54868 391417230 PROVIDE RURAL DEVELOPMENT LOANS WI 501(C)(3) LINE 10 IMPACT SEVEN INC 0 IMPACT HOUSING DEVELOPMENT LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391517550 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC 0 IMPACT PRESERVATION CORPORATION 2961 DECKER DRIVE RICE LAKE WI 54868 371581358 PROVIDE RURAL DEVELOPMENT LOANS WI 501(C)(4) IMPACT SEVEN INC 0 PARKWOOD PROPERTIES LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391698159 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 10 IMPACT SEVEN INC 0 RIVERWAY HOMES LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391667738 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0