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Nonprofiteer
← IMPACT SEVEN INCORPORATED

Form 990 for tax year 2024

Filed by IMPACT SEVEN INCORPORATED.

Totals

Total revenue
$27,745,903
Total expenses
$10,995,620
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$25,977,200
Investment income
$1,768,703
Other revenue
$0
Total assets, end of year
$177,778,706
Total liabilities, end of year
$39,094,976
Net assets or fund balances, end of year
$138,683,730
Program services expenses (Part IX)
$8,745,374
Management and general expenses
$2,250,246
Fundraising expenses
$0
Program service expenses (Part III)
$8,745,374

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: HOUSING MANAGEMENT

    total $11,611,956 · related or exempt $11,611,956

  • 2b · Program service revenue: INTEREST - PROGRAM LOANS

    total $4,003,603 · related or exempt $4,003,603

  • 2c · Program service revenue: OTHER PROGRAM REVENUE

    total $3,820,786 · related or exempt $3,820,786

  • 2d · Program service revenue: NEW MARKET TAX CREDIT

    total $3,757,596 · related or exempt $3,757,596

  • 2e · Program service revenue: RENTAL INCOME

    total $2,783,259 · related or exempt $2,783,259

  • 3 · Investment income

    total $1,505,039 · excluded $1,505,039

  • 7a · Gross sales of assets other than inventory

    securities $276,615

  • 7b · Less cost or other basis and sales expenses

    securities $12,951

  • 7c · Gain or loss

    securities $263,664

  • 7d · Net gain or loss

    total $263,664 · related or exempt $263,664

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $533,521 · program services $437,487 · management and general $96,034

  • 7 · Other salaries and wages

    total $5,497,985 · program services $4,412,755 · management and general $1,085,230

  • 9 · Other employee benefits

    total $690,539 · program services $400,024 · management and general $290,515

  • 10 · Payroll taxes

    total $233,776 · program services $173,800 · management and general $59,976

  • 11b · Fees: legal

    total $5,023 · program services $5,023

  • 11g · Fees: other

    total $286,164 · program services $132,878 · management and general $153,286

  • 12 · Advertising and promotion

    total $8,130 · program services $8,130

  • 13 · Office expenses

    total $132,799 · program services $98,959 · management and general $33,840

  • 14 · Information technology

    total $240,360 · program services $192,452 · management and general $47,908

  • 16 · Occupancy

    total $253,592 · program services $210,978 · management and general $42,614

  • 17 · Travel

    total $95,518 · program services $92,664 · management and general $2,854

  • 19 · Conferences, conventions and meetings

    total $86,735 · management and general $86,735

  • 20 · Interest

    total $996,415 · program services $799,697 · management and general $196,718

  • 22 · Depreciation, depletion and amortization

    total $704,333 · program services $654,028 · management and general $50,305

  • 23 · Insurance

    total $184,795 · program services $110,965 · management and general $73,830

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $515,937 · program services $503,133 · management and general $12,804

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $365,051 · program services $365,051

  • 24c · Other expenses: MISCELLANEOUS PROGRAM E

    total $164,624 · program services $147,137 · management and general $17,487

  • 24d · Other expenses: EQUIPMENT EXPENSES

    total $323 · program services $213 · management and general $110

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,524,701 · end of year $30,448,594

  • 2 · Savings and temporary cash investments

    beginning of year $13,298,973 · end of year $11,042,360

  • 4 · Accounts receivable

    beginning of year $795,780 · end of year $1,409,985

  • 7 · Other notes and loans receivable

    beginning of year $54,453,140 · end of year $66,949,878

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,113,377 · end of year $2,903,917

  • 10a · Land, buildings and equipment: cost or other basis

    $23,783,349

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,903,940

  • 10c · Land, buildings and equipment, net

    beginning of year $13,681,913 · end of year $14,879,409

  • 11 · Investments: publicly traded securities

    beginning of year $1,929,135 · end of year $1,949,635

  • 13 · Investments: program-related

    beginning of year $40,896,215 · end of year $43,290,032

  • 14 · Intangible assets

    end of year $26,358

  • 15 · Other assets

    beginning of year $4,905,050 · end of year $4,878,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,395,661 · end of year $1,800,227

  • 19 · Deferred revenue

    beginning of year $8,952,425 · end of year $8,722,225

  • 23 · Secured mortgages and notes payable

    beginning of year $37,800,782 · end of year $26,745,995

  • 25 · Other liabilities

    beginning of year $1,515,969 · end of year $1,826,529

  • 27 · Net assets without donor restrictions

    beginning of year $87,346,037 · end of year $96,312,275

  • 28 · Net assets with donor restrictions

    beginning of year $23,479,036 · end of year $25,621,172

Mission and programs · 2024

Mission

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.

Activities or mission (Part I)

BUILDING CAPACITY FOR COMMUNITIES BY PROVIDING SERVICES AND DEVELOPMENT IN BUSINESS, HOUSING AND PROPERTY MANAGEMENT.

  • 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

    Expenses $8,745,374 · Revenue $26,240,864

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brett Gerber

    PRESIDENT/CEO

    Total calculated
    $673,379
    From this org
    $533,520
    From related orgs
    $0
    Other
    $139,859
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $362,294
    Bonus
    $144,927
    Other
    $26,299
    Deferred
    $110,350
    Nontaxable benefits
    $29,509
    Filer's total
    $673,379

  • Michael Bebeau

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Patoka

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Hubler

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Danielson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Earle Edwards

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ivan Gamboa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Philip Lindeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jay Mack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin Shipley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Russell Swagger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Will

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Diane Schobert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Derek Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Patzman

    VP BUSINESS DEVELOPMENT

    Total calculated
    $344,968
    From this org
    $305,547
    From related orgs
    $0
    Other
    $39,421
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $253,322
    Bonus
    $50,000
    Other
    $2,225
    Deferred
    $9,476
    Nontaxable benefits
    $29,945
    Filer's total
    $344,968

  • Matt Pioske

    VICE PRESIDENT OF ACCOUNTING

    Total calculated
    $191,320
    From this org
    $155,481
    From related orgs
    $0
    Other
    $35,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,243
    Bonus
    $10,000
    Other
    $1,238
    Deferred
    $4,926
    Nontaxable benefits
    $30,913
    Filer's total
    $191,320

  • Karen Fischer

    VP PROPERTY MANAGEMENT

    Total calculated
    $163,775
    From this org
    $147,661
    From related orgs
    $0
    Other
    $16,114
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $134,276
    Bonus
    $7,125
    Other
    $6,260
    Deferred
    $4,456
    Nontaxable benefits
    $11,658
    Filer's total
    $163,775

  • Terra Pawliuk-McGiffin

    SENIOR DIRECTOR OF ACCOUNTING

    Total calculated
    $151,153
    From this org
    $112,881
    From related orgs
    $0
    Other
    $38,272
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $99,608
    Bonus
    $12,667
    Other
    $606
    Deferred
    $3,648
    Nontaxable benefits
    $34,624
    Filer's total
    $151,153

  • Caroline Loyas

    DIRECTOR OF RESOURCE DEVEL

    Total calculated
    $154,557
    From this org
    $124,030
    From related orgs
    $0
    Other
    $30,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,457
    Bonus
    $15,000
    Other
    $573
    Deferred
    $3,733
    Nontaxable benefits
    $26,794
    Filer's total
    $154,557

  • Tad Giyan

    DIRECTOR OF BUSINESS DEVEL

    Total calculated
    $161,840
    From this org
    $141,919
    From related orgs
    $0
    Other
    $19,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,014
    Bonus
    $5,000
    Other
    $905
    Deferred
    $4,342
    Nontaxable benefits
    $15,579
    Filer's total
    $161,840

  • Carol Keen

    VICE PRESIDENT OF RE DEVEL

    Total calculated
    $170,002
    From this org
    $151,630
    From related orgs
    $0
    Other
    $18,372
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $127,793
    Bonus
    $19,000
    Other
    $4,837
    Deferred
    $4,546
    Nontaxable benefits
    $13,826
    Filer's total
    $170,002

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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 I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BARRON COUNTY HOUSING LLC

    LOW INCOME HOUSING (RELATED) · WI · income -$64,482 · assets $2,378,926

    Directly controlled by IMPACT SEVEN INC

  • CENTURIA AFFORDABLE HOUSING LLC

    LOW INCOME HOUSING (RELATED) · WI · income $1,349,167 · assets $3,787,537

    Directly controlled by IMPACT SEVEN INC

  • HIGHLAND RIDGE PARTNERS LLC

    LOW INCOME HOUSING (RELATED) · WI · income -$63,241 · assets $3,569,474

    Directly controlled by IMPACT SEVEN INC

  • IMPACT CAPITAL LLC

    LOW INCOME HOUSING (RELATED) · WI · income $186,588 · assets $4,853,403

    Directly controlled by IMPACT SEVEN INC

  • IMPACT SULLIVAN LLC

    LOW INCOME HOUSING (RELATED) · WI · income $51,640 · assets $1,034,640

    Directly controlled by IMPACT SEVEN INC

  • IMPACT MANAGEMENT GROUP LLC

    LOW INCOME HOUSING (RELATED) · WI · income $214,327 · assets $1,213,288

    Directly controlled by IMPACT SEVEN INC

  • IMPACT MUKWONAGO LLC

    LOW INCOME HOUSING (RELATED) · WI · income $4,928 · assets $3,052,309

    Directly controlled by IMPACT SEVEN INC

  • IMPACT RICE LAKE LLC

    LOW INCOME HOUSING (RELATED) · WI · income -$28,174 · assets $1,573,578

    Directly controlled by IMPACT SEVEN INC

  • LINCOLN SCHOOL LLC

    LOW INCOME HOUSING (RELATED) · WI · income -$198,994 · assets $2,145,691

    Directly controlled by IMPACT SEVEN INC

  • ROBERT HOLMES LIMITED PARTNERSHIP

    LOW INCOME HOUSING (RELATED) · WI · income $0 · assets $0

    Directly controlled by IMPACT SEVEN INC

  • WISCONSIN IMPACT FUND II LLC

    LOW INCOME HOUSING (RELATED) · WI · income $27,000 · assets $162,191

    Directly controlled by IMPACT SEVEN INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BEAVER DAM LAKE HISTORICAL LOFTS LLC

    RELATED · RENTAL - LOW INCOME HOUSING · WI · share of income $59,117 · share of assets $443

    Directly controlled by IMPACT WISCONSIN LLC

  • MITCHELL STREET MARKET LOFTS MM LLC

    RELATED · RENTAL - REAL ESTATE · WI · 75.5% owned · share of income $5,673 · share of assets $10,596

    Directly controlled by IMPACT STREET MARKET LOFTS SM LLC

  • HANCOCK IMPACT HOLDINGS LLC

    RELATED · RENTAL - COMMERCIAL PROPERTY · WI · 50% owned · share of income $98,651

    Directly controlled by IMPACT SEVEN INC

  • IMPACT GRAFTON LLC

    RELATED · RENTAL - LOW INCOME HOUSING · WI · 0.01% owned · share of income -$94 · share of assets $920

    Directly controlled by IMPACT GRAFTON MM LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • IMPACT WISCONSIN LLC

    C · RENTAL - REAL ESTATE · WI · 100% owned · share of income $93,890 · share of assets $506,577

    Directly controlled by IMPACT SEVEN INC

  • MITCHELL STREET MARKET LOFTS SM LLC

    C · RENTAL - REAL ESTATE · WI · 100% owned · share of income $5,058 · share of assets $48,931

    Directly controlled by IMPACT SEVEN INC

  • IMPACT GRAFTON MM LLC

    C · RENTAL - REAL ESTATE · WI · 100% owned · share of income -$94 · share of assets $419,956

    Directly controlled by IMPACT SEVEN INC

Provenance

Return type
form_990
Tax year
2024
Filed
19 November 2025
IRS schema version
2024v5.2
Source object
202523239349300722

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