2025-09-11T13:38:33-05:00 2024-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 222 MILWAUKEE WI 53202 990 2024-01-01 462986750 ACTS LENDING 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 MICHAEL GOSMAN 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 9717402 0 X ACTSHOUSING.ORG X 2013 WI ACTS LENDING'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 6 6 0 25 0 0 1192569 9256082 338587 443284 0 18004 36 32 1531192 9717402 0 0 0 0 129236 250285 0 0 50795 376686 440495 505922 690780 1025270 9026622 9092830 19546993 4586983 6014524 4505847 13532469 ACTS LENDING, INC.'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 0 0 526436 443316 ACTS LENDING, INC., PROMOTES AFFORDABLE HOMEOWNERSHIP BY UNDERWRITING, ORIGINATING AND SERVICING LOANS FOR FAMILIES THAT CANNOT ACCESS TRADITIONAL LENDING PRODUCTS. LOANS ARE OUTSTANDING TO 172 INDIVIDUALS/FAMILIES AND THE PORTFOLIO HAS 90+ DAY DELINQUENCIES OF LESS THAN 5% OF THE PORTFOLIO AS OF DECEMBER 31, 2024. 526436 1 1 0 0 0 0 0 0 1 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 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 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 DOUG LEVY SECRETARY 1.00 1.00 X X 0 0 0 RAE JOHNSON DIRECTOR 1.00 1.00 X 0 0 0 MARC PERRY DIRECTOR 1.00 2.00 X 0 0 0 OSCAR TOVAR DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL GOSMAN PRESIDENT & CEO 3.00 42.00 X 0 192167 78612 KELLY ANDREW VP STRATEGIC PARTNERSHIPS 9.00 36.00 X 0 124411 14163 DOROTHY YORK VP REAL ESTATE 0.00 45.00 X 0 134881 16848 DEATRA KEMP VP PROGRAMS 3.00 42.00 X 0 114999 24416 0 566458 134039 0 0 1 0 0 9215062 41000 20 9256082 LOAN INTEREST INCOME 522292 418039 418039 PROGRAM SERVICE FEES 522292 25245 25245 443284 18004 18004 OTHER REVENUE 900099 32 32 32 9717402 443316 0 18004 16595 16595 188878 129721 20230 38927 4329 3050 373 906 23162 15835 2626 4701 17321 11044 2963 3314 57891 57891 27870 27870 11582 3146 7926 510 18805 14524 1844 2437 1647 1647 305 261 44 543 99 444 91621 91621 BAD DEBTS 163023 163023 LOAN SERVICING FEES 61345 61345 STAFF DEVELOPMENT 4875 4875 MISCELLANEOUS EXPENSES 988 22 966 690780 526436 113549 50795 822479 1214814 1083873 321230 7664208 49596 34765 7136882 10311976 9092830 19546993 560931 13859 25187 4137343 5428406 435781 0 4586983 6014524 X 4505847 5770429 7762040 4505847 13532469 9092830 19546993 9026622 0 X X 0 1 X 1 0 X 1473444 526677 351612 1192569 9256082 12800384 1473444 526677 351612 1192569 9256082 12800384 519152 12281232 101781 157356 228244 317007 436043 1240431 2 939 595 36 32 1604 14042419 79891 0.87460 0.62430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 2. 2021 AMOUNT: $ 939. 2022 AMOUNT: $ 595. 2023 AMOUNT: $ 36. 2024 AMOUNT: $ 32. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 X 9717402 0 9717402 0 9717402 690780 0 690780 0 690780 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, 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. 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 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. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR 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 HOMEOWNERSHIP ACQUISITIONS INC 270 E KILBOURN AVE 5TH FLOOR MILWAUKEE WI 53202 921333943 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 P 185850 CASH ACTS COMMUNITY DEVELOPMENT E 3658326 CASH ACTS COMMUNITY DEVELOPMENT C 9218112 CASH ACTS COMMUNITY DEVELOPMENT O 250285 CASH