ACTS LENDING INC

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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

2013

Legal Domicile

Principal Officer

MICHAEL GOSMAN

Phone

4149332215

Tax Period

2024-01-01 to 2024-12-31

ACTS LENDING INC, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $9.7M in total revenue in fiscal year 2024. Revenue surged 535% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.0M, a strong 93% operating margin.

Mission

ACTS LENDING, INC.'S MISSION IS EMPOWERMENT THROUGH HOMEOWNERSHIP.

Program Service Accomplishments

Program 1

Expenses: $526,436 Revenue: $443,316

ACTS LENDING, INC., PROMOTES AFFORDABLE HOMEOWNERSHIP BY UNDERWRITING, ORIGINATING AND SERVICING LOANS FOR FAMILIES THAT CANNOT ACCESS TRADITIONAL LENDING PRODUCTS. LOANS ARE OUTSTANDING TO 172...

ACTS LENDING, INC., PROMOTES AFFORDABLE HOMEOWNERSHIP BY UNDERWRITING, ORIGINATING AND SERVICING LOANS FOR FAMILIES THAT CANNOT ACCESS TRADITIONAL LENDING PRODUCTS. LOANS ARE OUTSTANDING TO 172 INDIVIDUALS/FAMILIES AND THE PORTFOLIO HAS 90+ DAY DELINQUENCIES OF LESS THAN 5% OF THE PORTFOLIO AS OF DECEMBER 31, 2024.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,256,082

Program Service Revenue $443,284

Investment Income $18,004

Other Revenue $32

TOTAL REVENUE $9,717,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,285

Fundraising Expenses $50,795

Program Expenses $526,436

Other Expenses $440,495

TOTAL EXPENSES $690,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,717,402	$1,531,192	+5.3%
Expenses	$690,780	$505,922	+0.4%
Net Income	$9,026,622	$1,025,270	+7.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$270,779

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER RAMIREZ	CHAIR	1.00	Officer Director	$0	$0	$0
ANTHONY FRANDA	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG LEVY	SECRETARY	1.00	Officer Director	$0	$0	$0
RAE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MARC PERRY	DIRECTOR	1.00	Director	$0	$0	$0
OSCAR TOVAR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GOSMAN	PRESIDENT & CEO	3.00	Officer	$0	$78,612	$270,779
KELLY ANDREW	VP STRATEGIC PARTNERSHIPS	9.00	Highest	$0	$14,163	$138,574
DOROTHY YORK	VP REAL ESTATE	0.00	Highest	$0	$16,848	$151,729
DEATRA KEMP	VP PROGRAMS	3.00	Highest	$0	$24,416	$139,415

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	$9,717,402	$690,780	$19,546,993	$9,026,622
2023	$1,531,192	$505,922	$9,092,830	$1,025,270
2022	$584,182	$325,405	$7,584,619	$258,777
2021	$702,006	$257,803	$4,550,532	$444,203
2020	$1,587,529	$218,478	$2,948,037	$1,369,051
2019	$488,418	$175,431	$1,738,244	$312,987
2018	$371,412	$111,856	$1,198,480	$259,556