Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1996.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
15 people listed on the 990; $255K paid to officers and key staff.
Michael Gosman’s $192K as President & CEO is at the 39th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Michael Gosman | $192,167 | $196,948 | $168,689 | $142,255 | $144,607 |
| Dorothy York | $134,881 | $129,880 | $125,043 | $113,843 | $110,559 |
| Kelly Andrew | $124,411 | $118,469 | $114,640 | $105,561 | — |
| Deatra Kemp | $114,999 | $100,989 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps people achieve homeownership through empowerment programs.
Questions for Acts Community Development Corporation
Your first name shows with your question. Acts Community Development Corporation answers here, for everyone.
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Home Rehab Counseling
Acts home rehab counseling staff represents families and individuals during coordination and execution of rehab plans. As experienced rehab professionals, staff support families in planning all repairs needed for decent, safe, sanitary, and affordable occupancy. In 2020, 26 new families received these services.
Homebuyer Counseling
Homebuyer counselors support each family through online and one-on-one confidential coaching, providing each family with an individualized road map on personal finances and credit management success.
Real Estate Brokerage
Acts home sales team represents families and individuals in real estate sales transactions. As licensed realtors, they coordinate all aspects of the executed sales contract in order to close. In 2020, 66 families used our real estate brokerage services to purchase homes, many of which were formerly vacant, vandalized foreclosures.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.6M | $4.4M |
| Land, buildings, equipmentLn 10c | $440K | $545K |
| Total assetsLn 16 | $6.5M | $6.8M |
| LiabilitiesLn 26 | $559K | $954K |
| Net assetsLn 32 | $6.0M | $5.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.5M | $1.5M | ||
| Grants to domestic individualsLn 2 | $258K | $258K | ||
| Pay of current officers, directors and key staffLn 5 | $163K | $116K | $24K | $23K |
| Other salaries and wagesLn 7 | $945K | $672K | $141K | $132K |
| Other employee benefitsLn 9 | $65K | $44K | $10K | $11K |
| Payroll taxesLn 10 | $85K | $54K | $17K | $13K |
| Accounting feesLn 11c | $68K | $31K | $37K | |
| Professional fundraising feesLn 11e | $5K | $5K | ||
| Other fees for servicesLn 11g | $123K | $89K | $13K | $21K |
| Advertising and promotionLn 12 | $40K | $23K | $412 | $17K |
| Office expensesLn 13 | $51K | $37K | $10K | $5K |
| Information technologyLn 14 | $38K | $22K | $6K | $10K |
| OccupancyLn 16 | $32K | $17K | $10K | $5K |
| TravelLn 17 | $9K | $7K | $2K | $889 |
| Conferences, conventions and meetingsLn 19 | $7K | $3K | $1K | $2K |
| Depreciation, depletion and amortizationLn 22 | $32K | $19K | $6K | $6K |
| InsuranceLn 23 | $34K | $22K | $10K | $2K |
| Other expenses (24a–d)Ln 24 | $68K | $44K | $14K | $11K |
| All other expensesLn 24e | $24K | $13K | $3K | $8K |
| Total functional expensesLn 25 | $3.5M | $2.9M | $304K | $271K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $13.8M | $19.5M | −$5.6M | $5.7M | 990 PDF |
| FY2023 | $11.7M | $7.6M | $4.1M | $11.4M | 990 PDF |
| FY2022 | $7.7M | $5.0M | $2.7M | $9.4M | 990 PDF |
| FY2021 | $4.6M | $3.8M | $750K | $6.6M | 990 PDF |
| FY2020 Viewing | $3.4M | $3.5M | −$89K | $5.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $3,430,807 revenue, 12 lines filed
Part VI · Governance 12 of 13 board members independent, 1 to look at
Part VIII · Statement of revenue $3,430,807 across 10 lines filed
Part IX · Statement of functional expenses $3,520,086 across 19 lines filed
Part X · Balance sheet $6,844,173 assets, 15 lines filed
Part XI · Reconciliation of net assets $5,889,807 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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