2024-11-11T16:02:11-06:00 2023-12-31 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2023-01-01 371581358 IMPACT PRESERVATION CORPORATION IMPA 7154341717 2961 DECKER DRIVE RICE LAKE WI 54868 MATTHEW PIOSKE VP OF ACCOUNTING 7154341710 2024-11-11 1 1 SAMUEL T BOERMA P00614373 8506500125 2023 2024-10-15 13:58:12Z BRETT GERBER 2961 DECKER DRIVE RICE LAKE WI 54868 83050 0 X N/A X 1996 WI RURAL DEVELOPMENT LOANS 3 1 0 0 0 0 0 0 84910 81868 172 252 899 930 85981 83050 0 0 0 0 0 0 0 0 0 21612 19561 21612 19561 64369 63489 3056945 3042263 1388941 1310770 1668004 1731493 PROVIDE RURAL DEVELOPMENT LOANS 0 0 12010 82798 IMPACT PRESERVATION CORPORATION (THE CORPORATION) ADMINISTERS A LOAN PROGRAM OF RURAL DEVELOPMENT. THE PROGRAM USES LOAN FUNDS RECEIVED FROM RURAL DEVELOPMENT, ALONG WITH OTHER MATCHING FUNDS, TO MAKE LOANS TO ULTIMATE RECIPIENTS. RELENDING PROGRAMS WILL NORMALLY ESTABLISH REVOLVING FUNDS SO THAT INCOME FROM LOANS MADE TO ULTIMATE RECIPIENTS, IN EXCESS OF NECESSARY OPERATING EXPENSES AND DEBT PAYMENTS,WILL BE USED TO MAKE ADDITIONAL LOANS TO ULTIMATE RECIPIENTS. AT THE END OF 2023, THE ORGANIZATION HAD TEN LOANS RECEIVABLE TOTALING $2,234,669. 12010 0 0 0 0 0 0 0 0 0 0 0 1 0 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X TERRA PAWLIUK-MCGIFFIN 7154341710 2961 DECKER DRIVE RICE LAKE WI 54868 BRETT GERBER PRESIDENT/CEO 1.00 40.00 X X 0 509396 138859 TERRA PAWLIUK-MCGIFFIN SECRETARY/TREASURER 1.00 40.00 X X 0 116271 38244 CAROLINE LOYAS DIRECTOR 1.00 40.00 X 0 113408 30189 0 739075 207292 0 0 1 0 0 INTEREST INCOME - PROG 900099 81868 81868 81868 252 252 BAD DEBT RECOVERY 900099 930 930 930 83050 82798 0 252 7525 7525 12010 12010 MISCELLANEOUS FEES, LIC 26 26 19561 12010 7551 0 751996 824891 7095 6832 2297854 2210540 3056945 3042263 26 1379718 1302672 9223 8072 1388941 1310770 X 1668004 1731493 1668004 1731493 3056945 3042263 63489 0 X X 0 1 X 1 1 1 0 PROGRAM RELATED NOTES REC NET OF RESERVE FOR BAD DEBTS 2210540 F 2210540 ACCRUED INTEREST PAYABLE 8072 8072 X 83050 0 83050 0 83050 19561 0 19561 0 19561 PART X, LINE 2: THE ORGANIZATION HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(4) OF THE U.S. INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE CAN BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. 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 TERRA PAWLIUK-MCGIFFIN SECRETARY/TREASURER 0 99804 0 16000 0 467 0 3732 0 34512 0 154515 0 0 PART I, LINE 3 THE ORGANIZATION'S PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONTROLLING 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) BENFITS PLAN. NO AMOUNTS WERE PAID UNDER THE PLAN DURING THE YEAR. 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 UPON WHICH THE FORM 990 IS BASED ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990 IS REVIEWED BY BRETT GERBER, THE BOARD PRESIDENT, AND TREASURER, TERRA PAWLIUK-MCGIFFIN, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ADDITION TO WRITTEN DISCLOSURE OF CONFLICTS OF INTEREST, AN INDIVIDUAL WITH A POSSIBLE CONFLICT OF INTEREST DOES NOT PARTICIPATE IN ANY DISCUSSION OR DECISITION RELATING TO ANY ISSUE WHERE A CONFLICT MAY EXIST. POLICY DETAILS ARE IN THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE LOCATED AT THE MAIN OFFICE AND ARE PROVIDED UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN OVERSIGHT OR SELECTION PROCESSES. COULEE HOMES LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391668287 CHRONICALLY MENTALLY ILL HOUSING 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 10 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 10 IMPACT SEVEN INC 0 IMPACT SEVEN INCORPORATED 2961 DECKER DRIVE RICE LAKE WI 54868 391141037 COMMUNITY DEVELOPMENT WI 501(C)(3) LINE 7 N/A 0 BAYBARRY CORPORATION 2961 DECKER DRIVE RICE LAKE WI 54868 391806915 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 10 IMPACT SEVEN INC 0 DEER PARK HOUSING LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391666242 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 10 IMPACT SEVEN INC 0 HEARTHSTONE HOUSING LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391694895 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 10 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 QUALITY DEVELOPMENT CORPORATION 2961 DECKER DRIVE RICE LAKE WI 54868 391902688 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 10 IMPACT SEVEN INC 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0