2025-11-19T09:18:51-06:00 2024-12-31 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2024-01-01 391141037 IMPACT SEVEN INC IMPA 7154341717 2961 DECKER DRIVE RICE LAKE WI 54868 TERRA PAWLIUK-MCGIFFIN SENIOR DIRECTOR OF ACCOUNTING 7154341710 2025-11-19 1 0 SAMUEL T BOERMA P00614373 8506500125 2024 2025-03-06 01:10:19Z BRETT GERBER 2961 DECKER DRIVE RICE LAKE WI 54868 27758854 0 X WWW.IMPACTSEVEN.ORG X 1971 WI BUILDING CAPACITY FOR COMMUNITIES BY PROVIDING SERVICES AND DEVELOPMENT IN BUSINESS, HOUSING AND PROPERTY MANAGEMENT. 15 14 16 0 0 0 10000000 0 11931979 25977200 940113 1768703 200 0 22872292 27745903 0 0 0 0 4493304 6955821 0 0 0 7270614 4039799 11763918 10995620 11108374 16750283 171598284 177778706 49664837 39094976 121933447 138683730 X COMPREHENSIVE IMPACT ON THE POPULATION OF WISCONSIN, WITH AN EMPHASIS ON THE RURAL AREA OF THE STATE. IMPACT SEVEN ACTS AS A CATALYST TO CREATE OPPORTUNITY FOR THE UNDERSERVED OF WISCONSIN, INCLUDING WOMEN, MINORITIES, LOW-INCOME AND DISABLED PEOPLE, AND DISTRESSED COMMUNITIES. 0 0 8745374 26240864 IMPACT SEVEN'S BUSINESS DEVELOPMENT PROVIDES FINANCIAL PRODUCTS, DEVELOPMENT SERVICES AND TECHNICAL ASSISTANCE FOR THE CREATION OR EXPANSION OF BUSINESS, COMMERCIAL REAL ESTATE AND HOUSING DEVELOPMENT ENTERPRISES.- $33,995,730 IN LOANS CLOSED- 20 LOANS CLOSED- 76 FTE JOBS CREATED BY BORROWERS- 129 FTE JOBS RETATINED BY BORROWERSIMPACT SEVEN PROVIDES SERVICES IN THE MANAGEMENT OF RENTAL HOUSING FOR ITS OWNED UNITS.- 1697 UNITS UNDER MANAGEMENT- 1545 AFFORDABLE UNITS UNDER MANAGEMENT- 751 UNITS SET ASIDE FOR PERSONS WHO ARE ELDERLY AND/OR HAVE DISABILITIESIMPACT SEVEN DEVELOPS AND INVESTS IN ITS OWN MULTIFAMILY RENTAL HOUSING AS A LONG TERM OWNER.- 1455 UNITS OF AFFORDABLE HOUSING FINANCED FOR THIRD PARTY DEVELOPERS 8745374 1 0 0 1 0 0 0 0 0 0 1 0 1 0 1 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 0 1 1 0 0 0 1 36 0 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 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 40.00 10.00 X X 533520 0 139859 MICHAEL BEBEAU CHAIRMAN 1.00 1.00 X X 0 0 0 MARY PATOKA VICE CHAIRMAN 1.00 1.00 X X 0 0 0 MARY HUBLER SECRETARY 1.00 1.00 X X 0 0 0 DAVID DANIELSON DIRECTOR 1.00 1.00 X 0 0 0 EARLE EDWARDS TREASURER 1.00 1.00 X X 0 0 0 IVAN GAMBOA DIRECTOR 1.00 1.00 X 0 0 0 PHILIP LINDEMAN DIRECTOR 1.00 1.00 X 0 0 0 JAY MACK DIRECTOR 1.00 1.00 X 0 0 0 KEVIN SHIPLEY DIRECTOR 1.00 1.00 X 0 0 0 RUSSELL SWAGGER DIRECTOR 1.00 1.00 X 0 0 0 JOHN WILL DIRECTOR 1.00 1.00 X 0 0 0 DIANE SCHOBERT DIRECTOR 1.00 1.00 X 0 0 0 DEREK TAYLOR DIRECTOR 1.00 1.00 X 0 0 0 TOM PATZMAN VP BUSINESS DEVELOPMENT 20.00 20.00 X 305547 0 39421 MATT PIOSKE VICE PRESIDENT OF ACCOUNTING 40.00 0.00 X 155481 0 35839 KAREN FISCHER VP PROPERTY MANAGEMENT 20.00 20.00 X 147661 0 16114 TERRA PAWLIUK-MCGIFFIN SENIOR DIRECTOR OF ACCOUNTING 20.00 20.00 X 112881 0 38272 CAROLINE LOYAS DIRECTOR OF RESOURCE DEVEL 40.00 X 124030 0 30527 TAD GIYAN DIRECTOR OF BUSINESS DEVEL 40.00 X 141919 0 19921 CAROL KEEN VICE PRESIDENT OF RE DEVEL 10.00 40.00 X 151630 0 18372 1672669 0 338325 8 0 1 0 0 HOUSING MANAGEMENT 531310 11611956 11611956 INTEREST - PROGRAM LOANS 531310 4003603 4003603 OTHER PROGRAM REVENUE 531310 3820786 3820786 NEW MARKET TAX CREDIT 531390 3757596 3757596 RENTAL INCOME 531110 2783259 2783259 25977200 1505039 1505039 276615 12951 263664 263664 263664 27745903 26240864 0 1505039 533521 437487 96034 5497985 4412755 1085230 690539 400024 290515 233776 173800 59976 5023 5023 286164 132878 153286 8130 8130 132799 98959 33840 240360 192452 47908 253592 210978 42614 95518 92664 2854 86735 86735 996415 799697 196718 704333 654028 50305 184795 110965 73830 REPAIRS & MAINTENANCE 515937 503133 12804 BAD DEBT EXPENSE 365051 365051 MISCELLANEOUS PROGRAM E 164624 147137 17487 EQUIPMENT EXPENSES 323 213 110 10995620 8745374 2250246 0 40524701 30448594 13298973 11042360 795780 1409985 54453140 66949878 1113377 2903917 23783349 8903940 13681913 14879409 1929135 1949635 40896215 43290032 26358 4905050 4878538 171598284 177778706 1395661 1800227 8952425 8722225 37800782 26745995 1515969 1826529 49664837 39094976 X 87346037 96312275 23479036 25621172 121933447 138683730 171598284 177778706 16750283 0 X X 0 1 X 1 1 1 X 710692 10000000 10710692 710692 10000000 10710692 10710692 141490 55881 136686 1000498 1505039 2839594 13550286 0.79040 0.87230 X 0 0 0 0 0 0 0 0 1 12000 12000 0 PART II-B, LINE 1: IMPACT SEVEN INC. ADVOCATES FOR NEW MARKET TAX CREDIT, LOW INCOME HOUSING, RURAL, SMALL BUSINESS AND COMMUNITY DEVELOPMENT FUNDING. 1149918 1149918 20688956 8795719 11893237 1944475 108221 1836254 14879409 COMMUNITY DEVELOPMENT INVESTMENTS 12898242 C PROGRAM AFFILIATES/SUBSIDIARIES - HOUSING AND OTHER 4094517 C REVOLVING LOAN PROGRAM 26297273 C 43290032 DEFERRED COMPENSATION PLANS 1826529 1826529 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON THE TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING DURING INTERIM PERIODS. THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2024 AND 2023. X X X X 0 1 0 0 0 0 0 0 0 BRETT GERBER PRESIDENT/CEO 362294 0 144927 0 26299 0 110350 0 29509 0 673379 0 0 0 TOM PATZMAN VP BUSINESS DEVELOPMENT 253322 0 50000 0 2225 0 9476 0 29945 0 344968 0 0 0 MATT PIOSKE VICE PRESIDENT OF ACCOUNTING 144243 0 10000 0 1238 0 4926 0 30913 0 191320 0 0 0 CAROL KEEN VICE PRESIDENT OF RE DEVEL 127793 0 19000 0 4837 0 4546 0 13826 0 170002 0 0 0 KAREN FISCHER VP PROPERTY MANAGEMENT 134276 0 7125 0 6260 0 4456 0 11658 0 163775 0 0 0 TAD GIYAN DIRECTOR OF BUSINESS DEVEL 136014 0 5000 0 905 0 4342 0 15579 0 161840 0 0 0 CAROLINE LOYAS DIRECTOR OF RESOURCE DEVEL 108457 0 15000 0 573 0 3733 0 26794 0 154557 0 0 0 TERRA PAWLIUK-MCGIFFIN SENIOR DIRECTOR OF ACCOUNTING 99608 0 12667 0 606 0 3648 0 34624 0 151153 0 0 0 PART I, LINE 4B BRETT GERBER PARTICIPATED IN A SECTION 457(F) BENEFIT PLAN. NO AMOUNTS WERE PAID UNDER THE PLAN DURING THE YEAR. 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. THE BOARD PRESIDENT AND CHIEF FINANCIAL OFFICER REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IMPACT SEVEN, INC. MAINTAINS A CONFLICTS 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 B, LINE 15 IN 2020 THE BOARD OF DIRECTORS HIRED AN INDEPENDENT COMPENSATION CONSULTANT TO EVALUATE EXECUTIVE COMPENSATION WHICH INCLUDED A COMPARABLE ANALYSIS COMPRISED OF DATA FROM MULTIPLE INDUSTRY SOURCES TO ENSURE WAGES AND BENEFITS FOR EXECUTIVES DID NOT EXCEED MARKET AVERAGES. CEO COMPENSATION WAS ESTABLISHED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, AND REVIEWED BY THE FULL BOARD OF DIRECTORS. THIS PROCESS FOR DETERMINING COMPENSATION IS REPEATED EVERY THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE LOCATED AT THE MAIN OFFICE AND ARE PROVIDED UPON REQUEST. PART XII, LINE 2C: IMPACT SEVEN, INC. HAS A COMMITTEE WHICH ASSUMES RESPONSIBILITY OVER THE AUDITS, REVIEWS AND COMPILATIONS OF ITS FINANCIAL STATEMENTS, AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ELECTION UNDER CODE SECTION 168(H)(6)(F)(II) TAXPAYER'S NAME: IMPACT WISCONSIN, LLC TAXPAYER'S ADDRESS: C/O IMPACT SEVEN, 2961 DECKER DRIVE, RICE LAKE, WI 54868 TAXPAYER'S EIN: 45-1445469 TAXPAYER ELECTS TO NOT BE TREATED AS A TAX-EXEMPT CONTROLLED ENTITY. THIS ELECTION WAS EFFECTIVE FOR ALL MACRS PROPERTY PLACED IN SERVICE DURING 2011 AND SUBSEQUENT YEARS, INCLUDING PROPERTY PLACED IN SERVICE BY PASSTHROUGH ENTITIES. BARRON COUNTY HOUSING LLC 2961 DECKER DRIVE RICE LAKE WI 54868 371743117 LOW INCOME HOUSING (RELATED) WI -64482 2378926 IMPACT SEVEN INC CENTURIA AFFORDABLE HOUSING LLC 2961 DECKER DRIVE RICE LAKE WI 54868 810600361 LOW INCOME HOUSING (RELATED) WI 1349167 3787537 IMPACT SEVEN INC HIGHLAND RIDGE PARTNERS LLC 2961 DECKER DRIVE RICE LAKE WI 54868 271597473 LOW INCOME HOUSING (RELATED) WI -63241 3569474 IMPACT SEVEN INC IMPACT CAPITAL LLC 2961 DECKER DRIVE RICE LAKE WI 54868 845042287 LOW INCOME HOUSING (RELATED) WI 186588 4853403 IMPACT SEVEN INC IMPACT SULLIVAN LLC 2961 DECKER DRIVE RICE LAKE WI 54868 812897888 LOW INCOME HOUSING (RELATED) WI 51640 1034640 IMPACT SEVEN INC IMPACT MANAGEMENT GROUP LLC 2961 DECKER DRIVE RICE LAKE WI 54868 843617146 LOW INCOME HOUSING (RELATED) WI 214327 1213288 IMPACT SEVEN INC IMPACT MUKWONAGO LLC 2961 DECKER DRIVE RICE LAKE WI 54868 830959032 LOW INCOME HOUSING (RELATED) WI 4928 3052309 IMPACT SEVEN INC IMPACT RICE LAKE LLC 2961 DECKER DRIVE RICE LAKE WI 54868 811505551 LOW INCOME HOUSING (RELATED) WI -28174 1573578 IMPACT SEVEN INC LINCOLN SCHOOL LLC 2961 DECKER DRIVE RICE LAKE WI 54868 363888000 LOW INCOME HOUSING (RELATED) WI -198994 2145691 IMPACT SEVEN INC ROBERT HOLMES LIMITED PARTNERSHIP 2961 DECKER DRIVE RICE LAKE WI 54868 391945696 LOW INCOME HOUSING (RELATED) WI 0 0 IMPACT SEVEN INC WISCONSIN IMPACT FUND II LLC 2961 DECKER DRIVE RICE LAKE WI 54868 760767666 LOW INCOME HOUSING (RELATED) WI 27000 162191 IMPACT SEVEN INC BAYBARRY CORPORATION LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391806915 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 10 IMPACT SEVEN INC 0 COULEE HOMES LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391668287 CHRONICALLY MENTALLY ILL HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC 0 DEER PARK HOUSING LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391666242 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC 0 HEARTHSTONE HOUSING LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391694895 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 7 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 IMPACT HOUSING DEVELOPMENT LTD 2961 DECKER DRIVE RICE LAKE WI 54868 391517550 ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 7 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 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 7 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 BEAVER DAM LAKE HISTORICAL LOFTS LLC 2961 DECKER DRIVE RICE LAKE WI 54868 800456183 RENTAL - LOW INCOME HOUSING WI IMPACT WISCONSIN LLC RELATED 59117 443 0 0 MITCHELL STREET MARKET LOFTS MM LLC 2961 DECKER DRIVE RICE LAKE WI 54868 800677713 RENTAL - REAL ESTATE WI IMPACT STREET MARKET LOFTS SM LLC RELATED 5673 10596 0 0 0.75500 HANCOCK IMPACT HOLDINGS LLC 2961 DECKER DRIVE RICE LAKE WI 54868 450668025 RENTAL - COMMERCIAL PROPERTY WI IMPACT SEVEN INC RELATED 98651 0 0 0.50000 IMPACT GRAFTON LLC 2961 DECKER DRIVE RICE LAKE WI 54868 872265569 RENTAL - LOW INCOME HOUSING WI IMPACT GRAFTON MM LLC RELATED -94 920 0 0 0.00010 IMPACT WISCONSIN LLC 2961 DECKER DRIVE RICE LAKE WI 54868 451445469 RENTAL - REAL ESTATE WI IMPACT SEVEN INC C 93890 506577 1.00000 0 MITCHELL STREET MARKET LOFTS SM LLC 2961 DECKER DRIVE RICE LAKE WI 54868 453036680 RENTAL - REAL ESTATE WI IMPACT SEVEN INC C 5058 48931 1.00000 0 IMPACT GRAFTON MM LLC 2961 DECKER DRIVE RICE LAKE WI 54868 920750598 RENTAL - REAL ESTATE WI IMPACT SEVEN INC C -94 419956 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 1 1 BAYBARRY CORPORATION INC D 63872 FMV COULEE HOMES LTD D 96196 FMV IMPACT HOUSING DEVELOPMENT LTD D 426656 FMV PARKWOOD PROPERTIES LTD D 41977 FMV BAYBARRY CORPORATION INC Q 77639 ACTUAL COST COULEE HOMES LTD Q 84041 ACTUAL COST IMPACT HOUSING DEVELOPMENT LTD Q 302438 ACTUAL COST IMPACT HOUSING DEVELOPMENT LTD L 68150 PERCENTAGE OF GROSS RECEIPTS PARKWOOD PROPERTIES LTD Q 173117 ACTUAL COST PARKWOOD PROPERTIES LTD L 64505 PERCENTAGE OF GROSS RECEIPTS HEARTHSTONE HOUSING LTD Q 86641 ACTUAL COST DEER PARK HOUSING LTD D 53754 FMV QUALITY DEVELOPMENT CORPORATION L 131245 FMV QUALITY DEVELOPMENT CORPORATION Q 209347 ACTUAL COST QUALITY DEVELOPMENT CORPORATION D 627070 FMV SCHEDULE R, PART II: IMPACT SEVEN, INC. IS THE CENTRAL ORGANIZATION OF ALL ENTITIES INCLUDED IN GROUP EXEMPTION 9527. SUBORDINATE ORGANIZATIONS OF IMPACT SEVEN, INC. FILE A GROUP RETURN UNDER THE EIN 30-0479790. EACH SUBORDINATE ORGANIZATION HAS ITS OWN PROPERTY BUT NOT ITS OWN EMPLOYEES. IMPACT SEVEN, INC. CHARGES EACH SUBSIDIARY FOR USE OF ITS EMPLOYEES SO THAT MANAGEMENT AND BOOKKEEPING FUNCTIONS CAN BE CARRIED OUT.