IMPACT SEVEN INC

EIN: 391141037 501(c)(3) Community Improvement

RICE LAKE, WI

Total Revenue
$22,872,292
Total Expenses
$11,763,918
Total Assets
$171,598,284
Net Assets
$121,933,447
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
WI
Principal Officer
BRETT GERBER
Phone
7154341717
Tax Period
2023-01-01 to 2023-12-31

IMPACT SEVEN INC, founded in 1971, is a mid-sized nonprofit in the Community Improvement sector that reported $22.9M in total revenue in fiscal year 2023. The organization ran a surplus of $11.1M, a strong 49% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $9,334,876 Revenue: $11,871,794

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...

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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.- $19,244,113 IN LOANS CLOSED- 24 LOANS CLOSED- 58 FTE JOBS CREATED BY BORROWERS- 119 FTE JOBS RETATINED BY BORROWERSIMPACT SEVEN PROVIDES SERVICES IN THE MANAGEMENT OF RENTAL HOUSING FOR ITS OWNED UNITS.- 1684 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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,000,000
Program Service Revenue $11,931,979
Investment Income $940,113
Other Revenue $200
TOTAL REVENUE $22,872,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,493,304
Fundraising Expenses $0
Program Expenses $9,334,876
Other Expenses $7,270,614
TOTAL EXPENSES $11,763,918

Year-over-Year Comparison

2023 2022 Change
Revenue $22,872,292 $21,975,718 +0.0%
Expenses $11,763,918 $10,452,205 +0.1%
Net Income $11,108,374 $11,523,513 0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
19
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$648,255
Total Directors
14
$648,255
Key Employees
1
$302,187
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRETT GERBER PRESIDENT/CEO 40.00
Officer Director
$509,396 $138,859 $648,255
MICHAEL BEBEAU CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARY PATOKA VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARY HUBLER SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID DANIELSON DIRECTOR 1.00
Director
$0 $0 $0
EARLE EDWARDS TREASURER 1.00
Officer Director
$0 $0 $0
IVAN GAMBOA DIRECTOR 1.00
Director
$0 $0 $0
PHILIP LINDEMAN DIRECTOR 1.00
Director
$0 $0 $0
JAY MACK DIRECTOR 1.00
Director
$0 $0 $0
KEVIN SHIPLEY DIRECTOR 1.00
Director
$0 $0 $0
RUSSELL SWAGGER DIRECTOR 1.00
Director
$0 $0 $0
JOHN WILL DIRECTOR 1.00
Director
$0 $0 $0
DIANE SCHOBERT DIRECTOR 1.00
Director
$0 $0 $0
DEREK TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
TOM PATZMAN VP BUSINESS DEVELOPMENT 20.00
Key Emp
$264,017 $38,170 $302,187
KAREN FISCHER VP PROPERTY MANAGEMENT 20.00
Highest
$123,878 $15,997 $139,875
TERRA PAWLIUK-MCGIFFIN VP OF ACCOUNTING 20.00
Highest
$116,271 $38,244 $154,515
CAROLINE LOYAS DIRECTOR OF RESOURCE DEVELOPMENT 40.00
Highest
$113,408 $30,189 $143,597
TAD GIYAN DIRECTOR OF BUSINESS DEVELOPMENT 40.00
Highest
$115,478 $19,289 $134,767
CAROL KEEN VICE PRESIDENT OF RE DEVELOPMENT 10.00
Highest
$137,487 $17,108 $154,595
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $22,872,292 $11,763,918 $171,598,284 $11,108,374
2022 $21,975,718 $10,452,205 $164,773,498 $11,523,513
2021 $17,926,158 $7,782,396 $149,638,063 $10,143,762
2020 $9,875,923 $9,327,334 $125,304,254 $548,589
2019 $15,013,958 $11,426,835 $133,510,606 $3,587,123
2018 $13,249,001 $11,829,799 $130,748,853 $1,419,202
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