Skip to content
Nonprofiteer
← ACTS HOMEOWNERSHIP ACQUISITIONS INC

Form 990 for tax year 2023

Filed by ACTS HOMEOWNERSHIP ACQUISITIONS INC.

Totals

Total revenue
$4,336,123
Total expenses
$795,101
Contributions and grants received
$4,146,849
Grants paid
$0
Program service revenue
$58,835
Investment income
$130,439
Other revenue
$0
Total assets, end of year
$7,254,209
Total liabilities, end of year
$1,696,119
Net assets or fund balances, end of year
$5,558,090
Program services expenses (Part IX)
$587,151
Management and general expenses
$120,712
Fundraising expenses
$87,238
Program service expenses (Part III)
$587,151

Program services were 73.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • HEATHER RAMIREZ

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ANTHONY FRANDA

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JOHN SYBURG

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • VICTORIA NAVARRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARC PERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL GOSMAN

    PRESIDENT & CEO

    Total calculated
    $236,025
    From this org
    $0
    From related orgs
    $196,948
    Other
    $39,077
    Hours/week
    7 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,948 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $39,077 related
    Filer's total
    $0 + $236,025 related

  • KELLY ANDREW

    VP STRATEGIC PARTNERSHIPS

    Total calculated
    $135,503
    From this org
    $0
    From related orgs
    $118,469
    Other
    $17,034
    Hours/week
    13 + 22 related

  • DOROTHY YORK

    VP REAL ESTATE

    Total calculated
    $145,694
    From this org
    $0
    From related orgs
    $129,880
    Other
    $15,814
    Hours/week
    43 + 2 related

  • DEATRA KEMP

    VP PROGRAM

    Total calculated
    $123,198
    From this org
    $0
    From related orgs
    $100,989
    Other
    $22,209
    Hours/week
    0 + 45 related

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 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE EXECUTIVE DIRECTOR RECEIVED A BONUS OF $15,000 IN 2023

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.

  • ACTS COMMUNITY DEVELOPMENT CORPORATION

    501(C)(3) · AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES · WI

    Directly controlled by ACTS COMMUNITY DEVELOPMENT CORPORATION

  • ACTS LENDING INC

    501(C)(3) · AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES · WI

    Directly controlled by ACTS COMMUNITY DEVELOPMENT CORPORATION

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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202423049349301867

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.