2024-10-30T11:30:09-05:00 2023-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2023-01-01 921333943 ACTS HOMEOWNERSHIP ACQUISITIONS INC ACTS 4149332215 2414 W VLIET STREET MILWAUKEE WI 53205 MICHAEL GOSMAN PRESIDENT & CEO 4149332215 2024-10-30 1 1 RENEE MESSING P01872384 4142711451 2024-10-30 2023 2024-10-15 13:58:12Z X HEATHER RAMIREZ 2414 W VLIET STREET MILWAUKEE WI 53205 5332360 0 X ACTSHOUSING.ORG X 2022 WI ACTS HOMEOWNERSHIP ACQUISITIONS, INC.'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP. 5 5 0 5 0 0 4146849 58835 130439 0 4336123 0 0 544073 0 87238 251028 795101 3541022 7254209 1696119 5558090 X ACTS HOMES MISSION IS TO PROVIDE ACCESS TO AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR FAMILIES WITH BARRIERS TO HOMEOWNERSHIP. 1 0 587151 58835 ACTS HOMES EXISTS TO ACQUIRE AND REHAB SINGLE-FAMILY HOMES AND DUPLEXES TO BE SOLD FOR OWNER OCCUPANCY. 587151 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 WI X X MICHAEL GOSMAN 4149332215 2414 W VILIET STREET MILWAUKEE WI 53205 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 VICTORIA NAVARRO DIRECTOR 1.00 1.00 X 0 0 0 MARC PERRY DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL GOSMAN PRESIDENT & CEO 7.00 38.00 X 0 196948 39077 KELLY ANDREW VP STRATEGIC PARTNERSHIPS 13.00 22.00 X 0 118469 17034 DOROTHY YORK VP REAL ESTATE 43.00 2.00 X 0 129880 15814 DEATRA KEMP VP PROGRAM 0.00 45.00 X 0 100989 22209 0 546286 94134 0 0 1 0 0 724356 3422493 4146849 RENTAL PROPERTY INCOME 532000 58835 58835 58835 9098 9098 1117578 996237 121341 121341 121341 4336123 58835 0 130439 33357 24779 3520 5058 447013 333159 45765 68089 23695 17150 3080 3465 40008 30225 3623 6160 1018 1018 696 696 54906 36837 18069 5278 859 3381 1038 17577 7163 9189 1225 22132 10674 9264 2194 118685 116285 2400 221 181 31 9 16501 3336 13165 STAFF DEVELOPMENT 11382 3807 7575 DUES AND FEES 1727 1321 406 BANK FEES 620 72 548 COMMISSION AND PLACEMEN 275 275 10 10 795101 587151 120712 87238 612076 3217631 2909150 24362 490990 0 7254209 581276 9843 1105000 0 1696119 X 3632636 0 1925454 0 5558090 0 7254209 X 3541022 7588 2009480 X 0 1 X 1 1 1 X 4146849 4146849 4146849 4146849 2987848 1159001 9098 9098 121341 121341 4277288 58835 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 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, 2023, 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 181948 0 15000 0 0 0 0 0 39077 0 236025 0 0 PART I, LINE 7 THE EXECUTIVE DIRECTOR RECEIVED A BONUS OF $15,000 IN 2023 FORM 990, PART III, LINE 2 THE ORGANIZATION COMMENCED OPERATIONS IN 2023 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 XI, LINE 9: BEGINNING TRANSFER OF FUNDS 2,009,480. ACTS HOMEOWNERSHIP ACQUISITIONS LLC 2414 W VLIET STREET MILWAUKEE WI 53205 921333943 HOME ACQUISITIONS FOR AFFORDABLE HOUSING WI 58835 300615 ACTS HOMEOWNERSHIP ACQUISITIONS INC ACTS COMMUNITY DEVELOPMENT CORPORATION 2414 W VLIET STREET MILWAUKEE WI 53205 391837474 AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES WI 501(C)(3) 509(A)(1) ACTS COMMUNITY DEVELOPMENT CORPORATION 0 ACTS LENDING INC 2414 W VLIET STREET MILWAUKEE WI 53205 462986750 AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES WI 501(C)(3) 509(A)(1) ACTS COMMUNITY DEVELOPMENT CORPORATION 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 1 1 ACTS COMMUNITY DEVELOPMENT CORPORATION E 1105000 CASH ACTS COMMUNITY DEVELOPMENT CORPORATION M 3440578 CASH ACTS COMMUNITY DEVELOPMENT CORPORATION P 92509 CASH ACTS COMMUNITY DEVELOPMENT CORPORATION R 985734 CASH ACTS COMMUNITY DEVELOPMENT CORPORATION S 2809480 CASH ACTS COMMUNITY DEVELOPMENT CORPORATION O 544073 CASH