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 391667738 RIVERWAY HOMES LTD RIVE 7154341717 2961 DECKER DRIVE RICE LAKE WI 54868 MATTHEW PIOSKE VP OF ACCOUNTING 7154341717 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 188601 0 X N/A X 1990 WI HANDICAPPED HOUSING 3 1 0 0 0 0 0 0 158358 187511 338 1090 0 0 158696 188601 0 0 0 0 30474 43236 0 0 0 178796 175639 209270 218875 -50574 -30274 682709 642871 25205 15641 657504 627230 HANDICAPPED HOUSING 0 0 171009 187511 PROVIDE HANDICAPPED PERSONS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS BY OPERATING A 24-UNIT HOUSING FACILITY. 171009 1 0 0 0 0 0 0 0 0 0 1 0 0 1 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 1 1 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 RENTAL REVENUE 531110 186557 186557 MISCELLANEOUS REVENUE 531110 954 954 187511 1090 1090 188601 187511 0 1090 33871 33871 6841 6841 2524 2524 24300 24300 15 15 12488 12488 432 432 2473 2473 3293 3293 37886 37886 2995 2995 30082 30082 8027 8027 REPAIRS AND MAINTENANCE 47884 47884 MISCELLANEOUS ADMINISTR 4790 4790 BAD DEBT EXPENSE 974 974 218875 171009 47866 0 978 582 186 275 3896 4245 1111787 712079 429790 399708 247859 238061 682709 642871 18256 8548 77 34 6872 7059 25205 15641 X -304996 -335270 962500 962500 657504 627230 682709 642871 -30274 0 X X 0 1 X 1 1 1 X 137703 148458 151594 158358 187511 783624 137703 148458 151594 158358 187511 783624 0 0 0 783624 1176 1746 1562 338 1090 5912 1176 1746 1562 338 1090 5912 138879 150204 153156 158696 188601 789536 0.99250 0.99050 0.00750 0.00950 X 61102 61102 967174 649912 317262 38441 38364 77 45070 23803 21267 399708 TENANT SECURITY DEPOSITS 7230 RESTRICTED DEPOSITS AND FUNDED RESERVES 227799 INSURANCE ESCRO 3032 238061 TENANT SECURITY DEPOSITS 7059 7059 X 188601 0 188601 0 188601 218875 0 218875 0 218875 PART X, LINE 2: 3THE CORPORATION IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CORPORATION'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 CORPORATION 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 CORPORATION 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) BENEFIT 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 A, LINE 6 IMPACT SEVEN, INC. IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A IMPACT SEVEN, INC. CAN ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY. 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. A COPY OF THE FORM 990 IS PROVIDED TO BRETT GERBER, THE BOARD PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONTROLLING ORGANIZATION, IMPACT SEVEN, INC., MAINTAINS A CONFLICT 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 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 IMPACT SEVEN INCORPORATED 2961 DECKER DRIVE RICE LAKE WI 54868 391141037 COMMUNUITY 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 PRESERVATION CORPORATION 2961 DECKER DRIVE RICE LAKE WI 54868 371581358 PROVIDE RURAL DEVELOPMENT LOANS WI 501(C)(4) 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 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 IMPACT SEVEN INCORPORATED P 73977 ACTUAL COST