2025-09-11T12:55:06-05:00 2024-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 222 MILWAUKEE WI 53202 990 2024-01-01 921333943 ACTS HOMEOWNERSHIP ACQUISITIONS INC ACTS 4149332215 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 MICHAEL GOSMAN PRESIDENT & CEO 4149332215 2025-09-11 1 1 X KATY L SOMMER P00273273 4142711451 2025-09-11 2024 2025-03-06 01:10:19Z X ACTS HOMES MICHAEL GOSMAN 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 6582908 0 X ACTSHOUSING.ORG X 2022 WI ACTS HOMEOWNERSHIP ACQUISITIONS, INC.'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 4 4 0 5 0 0 4146849 3836059 58835 117518 130439 29229 0 180307 4336123 4163113 0 0 0 0 544073 673804 0 0 79123 251028 742045 795101 1415849 3541022 2747264 7254209 12595529 1696119 4293821 5558090 8301708 ACTS HOMES MISSION IS TO PROVIDE ACCESS TO AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR FAMILIES WITH BARRIERS TO HOMEOWNERSHIP. 0 0 1106929 297825 ACTS HOMES ACQUIRES AND REHABS HOMES TO PROVIDE SAFE AND AFFORDABLE PURCHASE OPPORTUNITIES FOR FAMILIES WITH LOW-TO-MODERATE INCOME. 1106929 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 WI X X BRIAN MALANEY 4149332215 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 HEATHER RAMIREZ CHAIR 1.00 2.00 X X 0 0 0 ANTHONY FRANDA TREASURER 1.00 2.00 X X 0 0 0 JOHN SYBURG SECRETARY 1.00 1.00 X X 0 0 0 MARC PERRY DIRECTOR 1.00 2.00 X 0 0 0 MICHAEL GOSMAN PRESIDENT & CEO 7.00 38.00 X 0 192167 78612 KELLY ANDREW VP STRATEGIC PARTNERSHIPS 13.00 32.00 X 0 124411 14163 DOROTHY YORK VP REAL ESTATE 43.00 2.00 X 0 134881 16848 DEATRA KEMP VP PROGRAM 0.00 45.00 X 0 114999 24416 0 566458 134039 0 0 1 0 0 1670245 2165814 3836059 RENTAL PROPERTY INCOME 532000 117518 117518 117518 29229 29229 2600102 2419795 180307 180307 4163113 297825 0 29229 35562 35562 523827 433252 31635 58940 10977 8961 648 1368 55926 46492 1390 8044 47512 37764 4781 4967 145228 145228 58043 7690 50353 57891 57891 916 916 26400 22967 3433 753 110 643 13190 4642 7831 717 44760 30052 10248 4460 268286 265849 2437 1110 404 597 109 60439 60439 18440 18440 TENANT WELFARE 36356 36356 0 STAFF DEVELOPMENT 5544 3846 1180 518 DUES AND FEES 2936 2028 908 BANK FEES 1753 849 904 1415849 1106929 229797 79123 612076 388670 150159 1710395 3217631 455144 2909150 9350306 24362 25357 490990 515498 7254209 12595529 581276 3183527 9843 5294 1105000 1105000 1696119 4293821 X 3632636 6582975 1925454 1718733 5558090 8301708 7254209 12595529 2747264 -3646 0 X X 0 1 X 1 0 X 4146849 3836059 7982908 4146849 3836059 7982908 2601318 5381590 9098 29229 38327 121341 121341 8142576 356660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 6578346 -3646 2419795 2416149 4162197 916 916 4163113 1414933 0 1414933 916 916 1415849 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, 2024, 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: COSTS OF HOME SALES X 0 0 0 0 0 0 0 1 0 MICHAEL GOSMAN PRESIDENT & CEO 0 192167 0 0 0 0 0 42000 0 36612 0 270779 0 0 DOROTHY YORK VP REAL ESTATE 0 134881 0 0 0 0 0 0 0 16848 0 151729 0 0 PART I, LINE 7 IN 2024 A RELATED ORGANIZATION ACCRUED A BONUS OF $42,000 FOR THE CEO. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B 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 ACQUISITIONS DOES NOT GIVE COMPENSATION DIRECTLY TO ANY EMPLOYEES, ALL COMPENSATION IS PAID THROUGH ACTS HOUSING AND CHARGED BACK TO ACQUISITIONS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 2C: SAME AS PRIOR YEAR ACTS HOMEOWNERSHIP ACQUISITIONS LLC 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 921333943 HOME ACQUISITIONS FOR AFFORDABLE HOUSING WI 2717723 740623 ACTS HOMEOWNERSHIP ACQUISITIONS INC ACTS COMMUNITY DEVELOPMENT CORPORATION 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 391837474 AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES WI 501(C)(3) 509(A)(1) 0 ACTS LENDING INC 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 462986750 AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES WI 501(C)(3) 509(A)(1) 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 ACTS COMMUNITY DEVELOPMENT CORPORATION E 1105000 CASH ACTS COMMUNITY DEVELOPMENT CORPORATION C 1647633 CASH ACTS COMMUNITY DEVELOPMENT CORPORATION P 203644 CASH ACTS COMMUNITY DEVELOPMENT CORPORATION O 673804 CASH