2019 Annual ReportActs Housing & Acts Lending

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Dear Acts Supporter,Acts Housing’s 2019 calendar year was record breaking. With and because of your support, we were able to help more families than ever before (183 in all) to become homeowners. These families typically save at least $100 monthly transitioning from renting to owning.

Helping families purchase and repair homes is only part of our job. The key to our work is making sure that Acts families thrive as homeowners, building stable homes for their families and becoming sources of strength on their blocks and in their neighborhoods. We are proud to report that at the end of 2019 less than half of 1% of our Acts Lending mortgage loan portfolio was delinquent. This is a testament to the strength of the families we serve and an indication of how much our alumni families value their homes.

Making 2019 all the more historic, late in the year we opened our first office outside of Milwaukee, in Beloit, WI. This five-year initiative in Beloit, which was years in the making, is fully supported by restricted funds from generous partners in the Beloit market, two commitments from long-time partner foundations, and earned income from our Beloit work. Our goal for that project is to help 150 families over five-years transition into homeownership in Beloit, improve conditions in two challenged neighborhoods, and coordinate the investment of more than $7.5 million into the purchase and rehab of homes. Early results have been promising, with our first family closing on their home even before our offices officially opened!

This is all to say, we are on an incredible roll. Because of your support, we have been able to assemble an incredible team that is ready, willing, and able to help significantly more families transition from renters to owners in Milwaukee, Beloit, and beyond.

We firmly believe homeownership should be available for all who are willing to work for it. Thank you for your support in turning that belief into reality.

Michael Gosman Allison Steinhafel President & CEO Board President

Throughout the annual report you’ll find original illustrations of Acts homes by local artist and business owner, Steph Davies.Family and special event photography by Eric Kleppe.

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Hector Rodriguez 2019 HOMEOWNER OF THE YEAR

The Jackson Family

Hector Rodriguez, 46, says the key to completing an Acts rehab is vision.

“I think that’s why this home sat for so long,” he said of his home on North 32nd St. “They couldn’t see what you could do with it.”

The scope of his rehab project was over $30,000 and the repairs are many: mold abatement, installing a new porch, painting and more.

“It was pretty bad when I bought the place,” he said.

The rehab project is getting the attention of the neighborhood.

According to a neighbor who has lived in the area for more than 30 years, the home sat vacant for six of those. They were overjoyed when they learned that the home was purchased.

Hector admits that being a licensed contractor has made the rehab easier and cheaper for him, but he has had to balance it with raising small children.

After losing his wife to cancer in 2018, Hector relied heavily on his older children to assist as he worked full-time and poured hours into the rehab project so his family could move in. “It’s not the easiest thing to do,” he said. “I’ve got Jesus in my heart. He gives me strength.

Now that Hector’s family has settled in, the focus has shifted to the yard and landscaping. This homeowner’s pride is evident on his block and in the community.

Monica and Rayford Jackson, both Milwaukee natives, had a well-deserved celebration when they closed on their home in Milwaukee’s Harambee neighborhood.

The couple had worked with Acts’ Homebuyer Counselors for three years to get themselves ready to purchase. However, the home they closed on isn’t just any home: it’s a family heirloom. The home belonged to Rayford Jackson’s grandparents.

When the home went into foreclosure with the city, the couple was able to occupy it through the City of Milwaukee’s lease-to-own program. Working with Acts gave Monica and Rayford an opportunity to bring it back to the family.

“Now no one can take it from under us,” Monica said.

The couple worked hard to receive pre-approval for an Acts rehab loan of $40,000 to help with the cost of purchasing the house outright, and the rehab project ahead of them.

“The roof was always a major issue,” Rayford said. He said he wasn’t surprised about anything listed in the scope of work, the list of necessary repairs, for the home. “We’re ready to take on the projects without any hindrance,” Rayford said.

The decision to purchase the home was spurred by their children, who at the time were 7 and 8 years old. “They’ve been in the house all their lives,” Monica said.

“We want to leave a legacy. It’s nice to keep it in the family.”

The Jacksons successfully finished their rehab project in fall of 2019.

Acts Homeowners

“I think that’s why this home sat for so long; they couldn’t see what you could do with it.”

“We want to leave a legacy. It’s nice to keep it in the family.”

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2019 Impact At A Glance

Historic Impact 1995 - 2019

183 31NEW FAMILIES

IN HOMESFORECLOSURES

RECLAIMED

2,727 919FAMILIES IN

HOMESFORECLOSURES

RECLAIMED

TOTAL INVESTMENT($18,898,302 MILWAUKEE, $134,777 BELOIT)

REINVESTED IN THE CITY OF MILWAUKEE ($134,777 CITY OF BELOIT)

$19,033,079 $169,576,896

ACTS LOANS ORIGINATED 0.3% DELINQUENCY RATE IN LOAN PORTFOLIO28 ACTS LOANS

ORIGINATED194

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Acts Families

Angel Reyes Fernandez

Bruce Applewhite

Margarita & Alfonso Chavez Family

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ACTS HOUSING REVENUE:

$4,137,973

ACTS HOUSING EXPENSES:

$2,082,191

Meet the Acts Team Financials

Deatra KempHomebuyer

Program Manager

Deon PriceReal Estate Associate

Maria SantosFamily Experience

Manager

Tania SanchezReal Estate Associate

Anthony BellHomebuyer Counselor

Jenean ShorterReal Estate Associate

Ana MeloCommunity Relations &

Marketing Associate

Yadira FoulkerHomebuyer Counselor

Tess WynnReal Estate Associate

Irene CardozoDevelopment Manager

Heidy RodriguezHomebuyer Counselor

Sheila DeCuevasOffice Coordinator

Michael GosmanPresident & ChiefExecutive Officer

Dorothy York Chief Operating

Officer

Kelly AndrewChief Development &

Marketing Officer

Homebuyer Counseling: $778,827

Real Estate Brokerage: $376,369

Rehab Counseling: $325,589

Fundraising: $260,111

Management & General: $196,586

Lending: $144,709

Foundation Grants: $2,561,523

Individual Contributions: $468,568

Government Grants: $418,120

Earned Income: $411,399

Corporate Contributions: $120,837

Special Event Revenue: $93,171

In-Kind Revenue: $64,355

EXECUTIVE LEADERSHIP

HOMEBUYER COUNSELING

REAL ESTATE BROKERAGE

Benjamin SheehanLending & Rehab Program Manager

Ramon GuadarramaSenior Rehab Counselor

Reginald NashLead Rehab Counselor

ACTS LENDING & HOME REHAB COUNSELING COMMUNITY ENGAGEMENT

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*Profit substantially comprised of loan capital for Acts Lending and multi-year pledges for the Beloit initiative.

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Pam EvasonManaging Director, Windermere Wealth Advisors

Anthony FrandaFinance Committee Co-Chair

CFO, Burke Properties

Kristen Gagliano Lending Advisory Committee Co-Chair

VP, Compliance Manager, North Shore Bank

Kurt KelloggPresident, Uncle Josh Fishing Bait Company

Kevin MalaneyDevelopment Committee Co-Chair

Partner, Foley & Lardner LLP

DEVELOPMENT COMMITTEEKevin Malaney, Committee Co-Chair

Josh Yamat, Committee Co-ChairStew Brase

Tomás ClasenJen Dirks

Jilly GokalganhiMatt Hunter

Tedd Lookatch Michael Mack Jon Mariano

Heather Nelson Alison Poull

Shannon Sims

FINANCE COMMITTEEAnthony Franda, Committee Co-ChairStephen Rothe, Committee Co-Chair

Nathan Brenn Venus Coates

Jeff Kenkel John Kuehn James LangeLaura Pauli

Kevin SchalkJim Sedgwick

William ScanlonKim Wynn

LENDING ADVISORY COMMITTEEKristen Gagliano, Committee Co-Chair

Christopher Schreiber, Committee Co-ChairPeggy S. Armstrong

Brian DesPlaines John Griffith

Michael Kilkenny Jim Lange

Suphansa Phetvisay F. Edward Treis II

Lisa Zeimetz

EVENT COMMITTEEMolly Schweiger, Committee Co-Chair

Kris BargerBritt Blackwelder

Amy Clark Venus Coates

Elizabeth DraperMegan GrantTiffany Henry

Sarah JacobsonKadie Jelenchick Debbie Maturo

Anthony McHenryKevin PearlSarah WeissSofina Ziu

Acts Board & CommitteesACTS HOUSING/LENDING BOARD OF DIRECTORS

Anthony McHenryCEO, Milwaukee Academy of Science

Stephen J. RotheBoard Treasurer, Finance Committee Co-Chair

VP, U.S. Bank, Retired

Christopher SchreiberLending Advisory Committee Co-Chair

Partner, Michael Best

Josh YamatDevelopment Committee Co-Chair

Senior VP of Commercial Banking, Spring Bank

Michael Zimmerman Senior Vice President – Investor Relations,

MGIC Investment Corporation

Allison Steinhafel Board President & Executive Committee Chair

Director, Hammes Holdings

Joe Schlidt Board Vice President

Director of Client Special Services, Godfrey & Kahn

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Beloit

Our second homeAcross the United States, rental costs continue to rise, but incomes have not kept pace. The weight of high rental costs falls heaviest on the shoulders of individuals and families with low incomes. A 2017 Harvard University study demonstrated that the median renter in the bottom income quartile spent 60% of their monthly income on rent, and was left with less than $500 per month after paying rent.

By contrast, Acts families spent only 23% of their income on housing in 2018. Acts’ proven model of affordable homeownership for low income families is more important now than ever before, in Milwaukee, and across the nation. That is why, after much deliberation and due diligence, Acts was proud to announce the launch of a five-year initiative in the City of Beloit, Wisconsin in 2019. We received a warm welcome from Beloit residents and community supporters as we celebrated the opening of our office on September 21 with a picnic at Riverside Park.

Thanks to generous support from the Hendricks Family Foundation, Stand Together, Beloit 200, and The Lynde and Harry Bradley Foundation as well as other foundations, corporations and individuals, the five-year Beloit initiative is fully funded, which allows Acts to focus on program implementation and impact.

By the end of 2019, three Beloit families had reclaimed city tax foreclosures in the Hackett and Merrill neighborhoods, and were diving into home rehab projects. Our goal over the next five years is to help 150 families transition from renters to homeowners. With strong partnership from the city, community organizations, and residents, we believe this is an achievable goal with a long-term positive impact on Beloit.

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Key Supporters 2019

Anonymous (9)Heather AlbertiGriselda AldreteAlvin & Marion Birnschein Foundation, Inc.American Family InsuranceOmar and Abby AndrietschAnon Charitable TrustJoAnne AntonPeggy ArmstrongAssociated BankBader PhilanthropiesChrista BaldridgeAmanda and Jason BaltzBank Five NineBank of AmericaKris and Anna BarittChad BaumanJames Bauman and Candace MooreDonald and Donna BaumgartnerGwyn and John BeagleNatalie BeckwithBeloit 200Bert & Patricia Steigleder Charitable TrustCorry Joe BiddleBert BilskyAndy and Megan BlackBrittany BlackwelderSarah BlairBMO Harris BankDanielle BlySequoya and Nicole BorgmanBradley Impact FundBrady Corporation FoundationStew Brase and Sharon ReedKelsey Palmer Brenn and Nathan BrennBrewers Community Foundation

Marybeth BudischElaine Burke Murph BurkeWendy BurkeByline BankCapri Senior CommunitiesCatholic Community FoundationJim and Libby CavanaughCharles D. Jacobus Family FoundationStephanie ChedidRyan and Theresa ChimentiChristin Clark CleaverKristen Cogswell and Matt SimonCommerce State BankStephanie ComptonDaniel and Paige ConleyMario and Cathy CostantiniCottonwood Trailer Pie LLCFred and Amy CroenCudahy FoundationCurt and Sue CulverJillian CulverJennifer DirksCindy DobberkeCharlie and Britton DomerJon and Bridget DonahueRobert and Elizabeth DraperEileen and Howard DubnerKristin DufekBob DuncanDavid and Alison DupeeAlicia DupiesDavid EinhornStephen and Nancy EinhornErik and Vanessa EisenmannElmbrook Rotary FoundationCharlie EvansSandi Evans

John and Mary EvansPam EvasonAnthony FabrisGeorge and Jill FahrFelss RotaformKay A FineFirst Citizens BankJames and Ellen FleschChristopher and Rory FoleyFoley & LardnerGary and Cindy ForstonFrancie L Silverman FoundationAnthony FrandaAlexander FraserFriendship House of MilwaukeeKristen M GaglianoEverydaygood Foundation Katie and Brian GavinSara GimbelGary GiombiGood Shepherd Catholic ChurchGoodwill Industry of Southern WisconsinBob GosmanMichael and Gillian GosmanFred GosmanEileen GosmanGreat Midwest BankGreater Milwaukee FoundationToniqua GreenGreen Bay Packers FoundationJohn and Peggy GriffithMichael and Sharon GrinkerGustav & Gladys Kindt FoundationScott and Linda HaagCraig and Erin HaanRobert HabichPaul and Patty HaislmaierNathan Hammons and Jennifer KnightJacob Hansen

Harley Davidson FoundationLeslie Hauser and Karl WuesthoffHeart of Canal StreetHerb Kohl PhilanthropiesMolly and Jeff HoehnRobert HoltonHolton FoundationsMary Alice and Bill HoughtonHusco InternationalKristin IhleInOutsource ConsultingSarah JacobsonJane Bradley Pettit FoundationSarah and Robert JansenSteve and Kadie JelenchickJohn & Barbara Trimble Family Foundation, Inc.Anthony JohnsonJohnson BankElizabeth and Scott JonasRobert and Kami JosephLeon and Bonnie JosephBenjamin JuechMichael and Monica JurkenKasdorf Family Charitable TrustDebbie and Joe KasleChristina and Dan KattTed and Mary KellnerJeff and Lynn KenkelBarbara KleinKohl’s CorporationRyan Olsta and Jennifer Koop OlstaMary and Alex KramerBrad KramerAndrew and Margaret KreiKira LafondLandmark Credit UnionJim and Elizabeth LangeGeorge and Marlene LangeDick Larsen

The Acts Board of Directors would like to sincerely thank the following individuals, foundations, and businesses who supported families on the path to homeownership in 2019 with their contributions of $250 or more.

John Larsen and Maren Hofmann-LarsenJay and Betty LauckDavid LauerChris and Emilia LaydenDon and Mary Jo LaydenKevin and Ginger LazovikSamuel Leichtling and Lindsey TauberDoug and Patti LevyGerald* and Ellin LevyJohn and Kathy LinnenD. Stephen and Ricka LongTedd and Julie LookatchSheldon and Marianne LubarLynde and Harry Bradley FoundationCarolyn MacIverBrian and Mary Kathryn MalaneyJohn and Judy MalaneyKevin Malaney and Aspen AntonioSean and Shayna MalaneyTony and Anne MallingerJane MaloneDoug MarconnetDavid and Melina MarcusJon MarianoMarietta Investment PartnersMARVAN Charitable FundTimothy and Catherine MattkeDebbie and Ron MaturoJanet MatuszakDan and Karen MaynardRobert and Ann McCormickAnthony McHenryEric and Joy MeierJohn and Linda MellowesJohn MelzerTom and Anne MetcalfeMetropolitan Milwaukee Association of CommerceMatt MillerBrian MillerMilwaukee Bucks FoundationSusan MischlerViv MollerMolson CoorsKathy MorrisMichael and Barbara MuellerTravis & Elizabeth MuellerGreg and Beth Myers

National Center for Housing Management FoundationNational Insurance ServicesLinda NeffMitch Nelles and Ellie GettingerTony and Arin NguyenMichael and Donna NicholsonBush NielsenNOG, Inc.Tom and Mary NolteNonprofit Management FundNorth Shore Bank

Gina Stilp and Patrick NowakAnita and Richard O’ConorOcwen Financial CorporationOld National BankJeff OlsenJesse and Sarah PagelsPark BankDave and Laura PauliPeck FoundationJoe and Jane PfaffSuphansa PhetvisayLaura PiotrowskiPNC BankPS Capital Partners, LLCPyramax BankQuarles & BradyGus and Becky RamirezAustin and Heather Ramirez

Ray & Kay Eckstein Charitable TrustClare ReardonReiland Family FundGlen and Melissa RingwallRitz Holman LLPJames Buddy RobinsonMichelle RomanoStephen and Kathy RotheJoyce RubensteinAndrew and Meagan RuehlDr. Kia SaeianKayvon and Patricia Safavi

Renee ScampiniJohn and Deborah ScheidJean SchlidtJoe and Katy SchlidtSchoenleber FoundationChristopher Schreiber and Laura MiscoJohn and Janice SchreiberScott and Molly SchweigerMark and Sharon ShapiroDennis SheahanRoxanne ShearsBruce SnyderJud and Amy SnyderMelissa and David SongcoDaniel M. Soref Charitable TrustSplit Rail Foundation

St. Eugene CongregationSt. John Vianney ParishCathy StagmerStand Together FoundationGerald and Shirley StankeState Farm FoundationAndrew and Allison SteinhafelMark and Julie SteinhafelSteinhafelsJayson and Angela StemoPaul and Susan StewartAdam and Rebecca StonerChuck and Eileen StonerSue StrittmaterChristine Symchych and Jim McNultyMatt TadischTake Root MilwaukeeTCF FoundationThe Trustmark FoundationByron ThompsonKathy Thornton-BiasThrivent FinancialBrandon TschacherDavid UihleinJulia UihleinUrban Economic Development Association of WI (UEDA)US Bank Foundationvon Briesen & Roper, scPaul and Jennie VottoSusan and Steven WaldmanBradley WassinkStephanie WeissMichael and Sarah WeissWeiss Family FoundationRobert “Woody” WelchWells FargoMax and Aimee WelshDave and Edie WernerNeil WillensonSuki WilsonKate and Don WilsonBrion WintersWintrust Financial CorpWisconsin Energies FoundationCharlie Wright Jr.Josh Yamat and Jennifer KornmannZilber Family FoundationSteve and Sarah ZimmermanMike and Andi Zimmerman

*of blessed memory

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Who We Serve Get Involved

OUR MISSIONEmpowerment through homeownership.

OUR VISION To create vibrant neighborhoods through homeownership.

Do: It takes many people with many talents to support this work—we invite you to get involved!

• Provide housewarming baskets for new homeowners: facilitate a supply drive, volunteer to help assemble, or donate gift cards

• Participate in a hands-on volunteer project to help a family rehab their home

• Learn more about Acts committees and consider lending your professional expertise through volunteer service

• Participate in Acts’ Longest Neighborhood Table fundraiser

• Introduce a friend or colleague to Acts’ mission

• Attend or consider hosting an Acts Tour of Homes event

Give: Your generous support allows us to continue the good work. There are many ways to make a financial contribution to Acts:

• Make a contribution on our secure site: www.actshousing.org/donate

• Set up a monthly recurring gift at the same web address

• Mail a donation to Acts at 2414 W Vliet St., Milwuakee, WI 53205

• Shopping on Amazon? Go to www.smile.amazon.com and choose “Acts Community Development Corporation” as your charity of choice

• Find out if your workplace has a matching gifts program, and submit your donation receipt when you make a gift

• Designate Acts as the beneficiary when you make your United Way or other workplace giving pledge this year

For more information on any of these opportunities to get involved, please contact Kelly Andrew, Chief Development & Marketing Officer, at 414-727-0016 or kelly@actshousing.org.

AVERAGE ACTS FAMILY SIZE IS 5

BY RACE

IN 2019, 80% OF ACTS HOMEBUYERS EARNED BELOW 80% OF

THE MEDIAN INCOME IN MILWAUKEE. THIS IS COMMONLY CONSIDERED “LOW-INCOME.” FOR A FAMILY OF FIVE, 80% AMI IS AROUND $72,000 IN

COMBINED HOUSEHOLD INCOME PER YEAR.

33% OF ACTS FAMILIES EARNED BELOW 50% AMI,

WHICH TRANSLATES TO $45,300 FOR A FAMILY OF FIVE PER YEAR.ASIAN

HISPANICAFRICAN

AMERICAN

5%WHITE

5% MULTIPLE RACE/

OTHER

33%

33%

24%

actshousing.orgacts@actshousing.org

2414 W Vliet Street Milwaukee, WI 53205

414-933-2215

1003 Pleasant Street Beloit, WI 53511

608-365-7077