Overview
What is Impact Seven Inc?
Impact Seven Inc is a Wisconsin-based nonprofit organization that focuses on building capacity for communities through various services, including business development, housing management, and property management. They provide financial products, development services, and technical assistance to create or expand businesses, commercial real estate, and housing development enterprises. Impact Seven has closed 19 loans, resulting in $26.6 million in funding, and has generated 75 FTE jobs by borrowers, as well as retaining 329 FTE jobs. In addition, Impact Seven manages rental housing for its owned units, with a total of 1,783 units under management, 1,563 of which are affordable. The organization also invests in its own multifamily rental housing as a long-term owner and has financed 942 units of affordable housing for third-party developers, emphasizing opportunities for underserved communities, including women, minorities, low-income, and disabled people, and distressed communities within Wisconsin.
Official website here: www.impactseven.org
Is Impact Seven Inc legitimate?
Impact Seven Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Seven Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $625,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,257,345
For more financial information, click here
Official website here: www.impactseven.org
What is the mission statement of Impact Seven Inc?
Impact Seven Inc is dedicated to enhancing communities by offering services and development in business, housing, and property management. With a focus on underserved populations in Wisconsin, particularly women, minorities, low-income, and disabled individuals, as well as distressed communities, Impact Seven acts as a catalyst for opportunity. Through business development, Impact Seven provides financial products, development services, and technical assistance to create or expand businesses, commercial real estate, and housing development enterprises. The organization has facilitated over $26 million in loans, leading to the creation of over 75 jobs by borrowers and the retention of 329 jobs by borrowers. In addition, Impact Seven manages rental housing for its owned units, with 1783 units under management, 1563 of which are affordable units, and 707 of which are set aside for the elderly and individuals with disabilities. Impact Seven also invests in and develops its own multifamily rental housing as a long-term owner, financing 942 units of affordable housing for third-party developers.
Official website here: www.impactseven.org
Who is the CEO of Impact Seven Inc?
Brett Gerber is the President/Ceo of Impact Seven Inc. The CEO's salary of Impact Seven Inc is $444,686 and their total compensation is $580,678.
Official website here: www.impactseven.org
What is the revenue of Impact Seven Inc?
Who are the executives of Impact Seven Inc and what are their salaries?
The average compensation at Impact Seven Inc during 2022 was $131,058. There are 22 employees at Impact Seven Inc.
Here are 19 key members and their salaries (Impact Seven Inc's CEO's salary is $444,686 and their total compensation is $580,678):
- Brett Gerber (President/Ceo) [Trustee/Director]
- Tom Patzman (Vp Business Development)
- Lisa Barkelar (Vp Property Management)
- Terra Pawliuk-Mcgiffin (Vp Of Accounting)
- Caroline Loyas (Director Of Resource Development)
- Michael Carlson (Vp Of Real Estate Developm)
- Michael Bebeau (Chairman) [Trustee/Director]
- Mary Patoka (Vice Chairman) [Trustee/Director]
- Mary Hubler (Secretary) [Trustee/Director]
- David Danielson (Director)
- Earle Edwards (Treasurer) [Trustee/Director]
- Ivan Gamboa (Director)
- Philip Lindeman (Director)
- Jay Mack (Director)
- Kevin Shipley (Director)
- Russell Swagger (Director)
- John Will (Director)
- Diane Schobert (Director)
- Derek Taylor (Director)
Official website here: www.impactseven.org
Where can I find the form 990 for Impact Seven Inc?
The Impact Seven Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.impactseven.org
Learn more at the official website: www.impactseven.org
Mission Statement of Impact Seven Inc
Impact Seven Inc, a prominent nonprofit organization, is dedicated to enhancing the lives of communities across Wisconsin, with a particular focus on rural areas. By acting as a catalyst for opportunity, Impact Seven strives to empower the underserved populations of Wisconsin, including women, minorities, low-income and disabled people, and distressed communities.
Impact Seven's mission is multifaceted. Through its comprehensive approach, the organization provides a range of services that extend beyond financial assistance. In the realm of business development, Impact Seven offers financial products, development services, and technical assistance to help create or expand businesses, commercial real estate, and housing development enterprises. This intervention has resulted in over $26 million in loans closed, the creation of 75 jobs by borrowers, and the retention of 329 jobs by borrowers.
Impact Seven's reach goes beyond business development. In the management of rental housing for its owned units, the organization oversees 1783 units, 1563 of which are affordable. Additionally, 707 units are set aside for elderly and disabled individuals. Impact Seven's commitment to affordable housing doesn't stop there; the organization also develops and invests in its own multifamily rental housing as a long-term owner. To date, Impact Seven has financed 942 units of affordable housing for third-party developers. By providing these essential services, Impact Seven plays a pivotal role in uplifting communities and improving the lives of countless individuals.
Impact
This information is meant to be a general summary of Impact Seven Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Impact Seven Inc's impact is substantial and far-reaching. The organization plays a crucial role in building up communities by providing a wide range of services and development initiatives in business, housing, and property management. In the realm of business development, Impact Seven facilitates the creation and expansion of businesses, commercial real estate, and housing development enterprises. Through this endeavor, Impact Seven has closed $26,600,000 in loans, resulting in the closure of 19 loans and the creation of 75 full-time equivalent jobs by borrowers. Additionally, 329 full-time equivalent jobs have been retained by borrowers with the support of Impact Seven.
In the realm of housing management, Impact Seven oversees the management of a significant number of rental housing units, including 1,783 units in total and 1,563 affordable units. Furthermore, 707 units are specifically set aside for individuals who are elderly and/or have disabilities. Furthermore, Impact Seven takes a proactive approach by developing and investing in its own multifamily rental housing as a long-term owner, further expanding its impact on affordable housing provision.
Impact Seven's mission to have a comprehensive impact on the population of Wisconsin, with a focus on rural areas, positions it as a catalyst for creating opportunities for underserved individuals and distressed communities. By prioritizing the needs of women, minorities, low-income individuals, and those with disabilities, Impact Seven actively contributes to community improvement and empowerment.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING MANAGEMENT
Revenue
$4,674,096
RENTAL INCOME
Revenue
$3,656,687
INTEREST - PROGRAM LOANS
Revenue
$2,593,428
OTHER PROGRAM REVENUE
Revenue
$2,249,187
NEW MARKET TAX CREDIT
Revenue
$706,665
Organization Details
Founding Year
1971
Phone
(715) 434-1717
Principal Officer
Brett Gerber
Main Address
2961 DECKER DRIVE, RICE LAKE, WI, 54868
Website
www.impactseven.org
NTEE Category
Code: S200 - Community improvement
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