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EIN 46-2986750

Acts Lending

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Milwaukee
State
Wisconsin
Year formed
2013
Most recent tax filings
2022-12-01
NTEE code, primary
L80: Housing Support Services
Description
Acts Lending empowers families through homeownership by providing purchase-rehab mortgage loans for distressed properties in Milwaukee and Beloit, Wisconsin. The organization's portfolio boasts over 120 individuals and families with less than 90-day delinquencies.
Related structure
Acts Lending is a subordinate organization under Acts Community Development Corporation.
Total revenues
$584,182
2022
Total expenses
$325,405
2022
Total assets
$7,584,619
2022
Num. employees
0
2022

Program areas at Acts Lending

Acts Lending, Inc., provides purchase-rehab mortgage loans to families that are purchasing distressed propertiess in milwaukee and beloit, Wisconsin. Loans are outstanding to 120 individuals/families and the portfolio has 90+ day delinquencies of less than 3% of the portfolio as of december 31, 2022. Total write-offs over the past 10 years have totaled less than $15,000.or foreclosures in 2022.

Who funds Acts Lending

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Acts Community Development CorporationHousing Lending$101,423

Personnel at Acts Lending

NameTitleCompensation
Michael GosmanPresident and Chief Executive Officer$0
Dorothy YorkChief Operating Officer$0
Deatra KempVice President Programs
Benjamin SheehanLending Operations Director
Claire BritcliffeDirector of Marketing
...and 10 more key personnel

Financials for Acts Lending

RevenuesFYE 12/2022
Total grants, contributions, etc.$351,612
Program services$231,975
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$595
Total revenues$584,182

Form 990s for Acts Lending

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-10990View PDF
2021-122022-11-02990View PDF
2020-122021-11-05990View PDF
2019-122021-02-19990View PDF
2018-122019-10-18990View PDF
...and 5 more Form 990s
Data update history
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $526,677 from Acts Community Development Corporation
August 24, 2022
Updated personnel
Identified 8 new personnel
August 15, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Housing and shelter organizationsChapter / child organizationsCharities
Issues
Human servicesHousing
Characteristics
Partially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
2414 W Vliet St
Milwaukee, WI 53205
Metro area
Milwaukee-Waukesha, WI
County
Milwaukee County, WI
Website URL
actshousing.org/ 
Phone
(414) 933-2215
IRS details
EIN
46-2986750
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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