SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
2019
Open to Public Inspection
Name of the organization
IMPACT SEVEN INC
 
Employer identification number

39-1141037
Part I
Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


(c)
Legal domicile (state
or foreign country)

(d)
Total income


(e)
End-of-year assets


(f)
Direct controlling
entity

(1) ARBORS OF HUDSON LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
47-2248877
LOW INCOME HOUSING (RELATED) WI 403,851 3,036,270 IMPACT SEVEN INC
 
(2) BARRON COUNTY HOUSING LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
37-1743117
LOW INCOME HOUSING (RELATED) WI 267,316 2,690,956 IMPACT SEVEN INC
 
(3) CENTURIA AFFORDABLE HOUSING LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
81-0600361
LOW INCOME HOUSING (RELATED) WI 176,451 1,421,696 IMPACT SEVEN INC
 
(4) HIGHLAND RIDGE PARTNERS LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
27-1597473
LOW INCOME HOUSING (RELATED) WI 226,520 3,732,968 IMPACT SEVEN INC
 
(5) IMPACT SULLIVAN LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
81-2897888
LOW INCOME HOUSING (RELATED) WI 116,900 1,091,779 IMPACT SEVEN INC
 
(6) IMPACT MANAGEMENT GROUP LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
84-3617146
LOW INCOME HOUSING (RELATED) WI 0 0 IMPACT SEVEN INC
 
(7) IMPACT MILWAUKEE LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
46-0980254
LOW INCOME HOUSING (RELATED) WI 233,981 1,211,083 IMPACT SEVEN INC
 
(8) IMPACT MUKWONAGO LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
83-0959032
LOW INCOME HOUSING (RELATED) WI 90,938 183,274 IMPACT SEVEN INC
 
(9) IMPACT RICE LAKE LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
81-1505551
LOW INCOME HOUSING (RELATED) WI 101,408 1,982,047 IMPACT SEVEN INC
 
(10) LINCOLN SCHOOL LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
36-3888000
LOW INCOME HOUSING (RELATED) WI 135,312 3,103,894 IMPACT SEVEN INC
 
(11) NATIONAL AVENUE LOFTS MM LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
90-0613176
LOW INCOME HOUSING (RELATED) WI 56,480 182,875 IMPACT SEVEN INC
 
(12) ROBERT HOLMES LIMITED PARTNERSHIP
2961 DECKER DRIVE
RICE LAKE,WI54868
39-1945696
LOW INCOME HOUSING (RELATED) WI 109,013 266,792 IMPACT SEVEN INC
 
(13) WISCONSIN IMPACT FUND II LLC
2961 DECKER DRIVE
RICE LAKE,WI54868
76-0767666
LOW INCOME HOUSING (RELATED) WI 1,846,579 16,775,941 IMPACT SEVEN INC
 
Part II
Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


(c)
Legal domicile (state
or foreign country)

(d)
Exempt Code section


(e)
Public charity status
(if section 501(c)(3))

(f)
Direct controlling
entity

(g)
Section 512(b)(13) controlled entity?
Yes No
(1)BAYBARRY CORPORATION LTD
2961 DECKER DRIVE

RICE LAKE,WI54868
39-1806915
ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 10 IMPACT SEVEN INC
 
 
No
(2)COULEE HOMES LTD
2961 DECKER DRIVE

RICE LAKE,WI54868
39-1668287
CHRONICALLY MENTALLY ILL HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC
 
 
No
(3)DEER PARK HOUSING LTD
2961 DECKER DRIVE

RICE LAKE,WI54868
39-1666242
ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC
 
 
No
(4)HEARTHSTONE HOUSING LTD
2961 DECKER DRIVE

RICE LAKE,WI54868
39-1694895
ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC
 
 
No
(5)HOME CONVERSIONS INC
2961 DECKER DRIVE

RICE LAKE,WI54868
39-1637297
LOW INCOME HOUSING WI 501(C)(3) LINE 10 IMPACT SEVEN INC
 
 
No
(6)IMPACT ACCEPTANCE CORPORATION
2961 DECKER DRIVE

RICE LAKE,WI54868
39-1417230
PROVIDE RURAL DEVELOPMENT LOANS WI 501(C)(3) LINE 10 IMPACT SEVEN INC
 
 
No
(7)IMPACT HOUSING CAPITAL INC
2961 DECKER DRIVE

RICE LAKE,WI54868
46-4042978
AFFORDABLE HOUSING LOANS, OTHER AFFORDABLE HOUSING SERVICES WI 501(C)(4)   IMPACT SEVEN INC
 
 
No
(8)IMPACT HOUSING DEVELOPMENT LTD
2961 DECKER DRIVE

RICE LAKE,WI54868
39-1517550
ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC
 
 
No
(9)IMPACT PRESERVATION CORPORATION
2961 DECKER DRIVE

RICE LAKE,WI54868
37-1581358
PROVIDE RURAL DEVELOPMENT LOANS WI 501(C)(4)   IMPACT SEVEN INC
 
 
No
(10)PARKWOOD PROPERTIES LTD
2961 DECKER DRIVE

RICE LAKE,WI54868
39-1698159
ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 10 IMPACT SEVEN INC
 
 
No
(11)RIVERWAY HOMES LTD
2961 DECKER DRIVE

RICE LAKE,WI54868
39-1667738
ELDERLY & HANDICAPPED HOUSING WI 501(C)(3) LINE 7 IMPACT SEVEN INC
 
 
No
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2019
Page 2
Schedule R (Form 990) 2019
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



(b)
Primary activity




(c)
Legal
domicile
(state or foreign
country)


(d)
Direct controlling
entity



(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




(g)
Share of end-of-year
assets



(h)
Disproprtionate allocations?




(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?



(k)
Percentage
ownership


Yes No Yes No
(1) BEAVER DAM LAKE HISTORICAL LOFTS MM LLC

7611 HARWOOD DRIVE
WAUWATOSA,WI53213
80-0456176
RENTAL - LOW INCOME HOUSING WI IMPACT WISCONSIN LLC
 
RELATED -3 -47   No     No 51.000 %
(2) MITCHELL STREET MARKET LOFTS MM LLC

7611 HARWOOD DRIVE
WAUWATOSA,WI53213
80-0677713
RENTAL - REAL ESTATE WI MITCHELL STREET MARKET LOFTS SM LLC
 
RELATED 4,481 27,585   No     No 51.000 %
(3) HANCOCK IMPACT HOLDINGS LLC

2961 DECKER DRIVE
RICE LAKE,WI54868
45-0668025
RENTAL COMMERCIAL PROPERTY WI IMPACT SEVEN INC
 
RELATED 6,373 211,227   No     No 50.000 %
(4) INNER CITY ARTS LLC

2961 DECKER DRIVE
RICE LAKE,WI54868
45-2231774
RENTAL COMMERCIAL PROPERTY WI N/A
RELATED -8,660 125,277   No   Yes   33.330 %






Part IV
Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes No
(1) IMPACT WISCONSIN LLC

2961 DECKER DRIVE
RICE LAKE,WI54868
45-1445469
RENTAL - REAL ESTATE WI IMPACT SEVEN INC
 
C 88,963 161,634 100.000 %   No
(2) MITCHELL STREET MARKET LOFTS SM LLC

2961 DECKER DRIVE
RICE LAKE,WI54868
45-3036680
RENTAL - REAL ESTATE WI IMPACT SEVEN INC
 
C 4,646 31,221 100.000 %   No
(3) NORTH HOUSING INC

2961 DECKER DRIVE
RICE LAKE,WI54868
39-1659978
RENTAL - REAL ESTATE WI IMPACT SEVEN INC
 
C 350,143 92,230 100.000 %   No








Schedule R (Form 990) 2019
Page 3
Schedule R (Form 990) 2019
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
 
No
b Gift, grant, or capital contribution to related organization(s) ............................
1b
 
No
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
Yes
 
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
No
q Reimbursement paid by related organization(s) for expenses ............................
1q
Yes
 
r Other transfer of cash or property to related organization(s) ............................
1r
Yes
 
s Other transfer of cash or property from related organization(s) ............................
1s
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved
(1) BAYBARRY CORPORATION

D 97,106 FMV
(2) COULEE HOMES LTD

D 135,105 FMV
(3) COULEE HOMES LTD

Q 67,779 ACTUAL COST
(4) IMPACT HOUSING DEVELOPMENT LTD

D 398,377 FMV
(5) IMPACT HOUSING DEVELOPMENT LTD

Q 245,414 ACTUAL COST
(6) PARKWOOD PROPERTIES LTD

D 102,238 FMV
(7) PARKWOOD PROPERTIES LTD

Q 194,588 ACTUAL COST
(8) BAYBARRY CORPORATION

Q 65,971 ACTUAL COST
(9) RIVERWAY HOMES LTD

Q 52,395 ACTUAL COST
(10) HOME CONVERSIONS INC

Q 128,800 ACTUAL COST
Schedule R (Form 990) 2019
Page 4
Schedule R (Form 990) 2019
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income




(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership


Yes No Yes No Yes No






























Schedule R (Form 990) 2019
Page 5
Schedule R (Form 990) 2019
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. (see instructions).
Return Reference Explanation
SCHEDULE R, PART II: IMPACT SEVEN, INC. IS THE CENTRAL ORGANIZATION OF ALL ENTITIES INCLUDED IN GROUP EXEMPTION 9527. SUBORDINATE ORGANIZATIONS OF IMPACT SEVEN, INC. FILE A GROUP RETURN UNDER THE EIN 30-0479790. EACH SUBORDINATE ORGANIZATION HAS ITS OWN PROPERTY BUT NOT ITS OWN EMPLOYEES. IMPACT SEVEN, INC. CHARGES EACH SUBSIDIARY FOR USE OF ITS EMPLOYEES SO THAT MANAGEMENT AND BOOKKEEPING FUNCTIONS CAN BE CARRIED OUT.
Schedule R (Form 990) 2019

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