efile Public Visual Render
ObjectId: 202013189349304726 - Submission: 2020-11-13
TIN: 39-1141037
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
19
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
,
WI
54868
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
,
WI
54868
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
,
WI
54868
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
,
WI
54868
27-1597473
LOW INCOME HOUSING (RELATED)
WI
226,520
3,732,968
IMPACT SEVEN INC
(5)
IMPACT SULLIVAN LLC
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
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
,
WI
54868
84-3617146
LOW INCOME HOUSING (RELATED)
WI
0
0
IMPACT SEVEN INC
(7)
IMPACT MILWAUKEE LLC
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
46-0980254
LOW INCOME HOUSING (RELATED)
WI
233,981
1,211,083
IMPACT SEVEN INC
(8)
IMPACT MUKWONAGO LLC
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
83-0959032
LOW INCOME HOUSING (RELATED)
WI
90,938
183,274
IMPACT SEVEN INC
(9)
IMPACT RICE LAKE LLC
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
81-1505551
LOW INCOME HOUSING (RELATED)
WI
101,408
1,982,047
IMPACT SEVEN INC
(10)
LINCOLN SCHOOL LLC
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
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
,
WI
54868
90-0613176
LOW INCOME HOUSING (RELATED)
WI
56,480
182,875
IMPACT SEVEN INC
(12)
ROBERT HOLMES LIMITED PARTNERSHIP
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
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
,
WI
54868
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
,
WI
54868
39-1806915
ELDERLY & HANDICAPPED HOUSING
WI
501(C)(3)
LINE 10
IMPACT SEVEN INC
No
(2)
COULEE HOMES LTD
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
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
,
WI
54868
39-1666242
ELDERLY & HANDICAPPED HOUSING
WI
501(C)(3)
LINE 7
IMPACT SEVEN INC
No
(4)
HEARTHSTONE HOUSING LTD
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
39-1694895
ELDERLY & HANDICAPPED HOUSING
WI
501(C)(3)
LINE 7
IMPACT SEVEN INC
No
(5)
HOME CONVERSIONS INC
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
39-1637297
LOW INCOME HOUSING
WI
501(C)(3)
LINE 10
IMPACT SEVEN INC
No
(6)
IMPACT ACCEPTANCE CORPORATION
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
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
,
WI
54868
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
,
WI
54868
39-1517550
ELDERLY & HANDICAPPED HOUSING
WI
501(C)(3)
LINE 7
IMPACT SEVEN INC
No
(9)
IMPACT PRESERVATION CORPORATION
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
37-1581358
PROVIDE RURAL DEVELOPMENT LOANS
WI
501(C)(4)
IMPACT SEVEN INC
No
(10)
PARKWOOD PROPERTIES LTD
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
39-1698159
ELDERLY & HANDICAPPED HOUSING
WI
501(C)(3)
LINE 10
IMPACT SEVEN INC
No
(11)
RIVERWAY HOMES LTD
2961 DECKER DRIVE
RICE LAKE
,
WI
54868
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
,
WI
53213
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
,
WI
53213
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
,
WI
54868
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
,
WI
54868
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
,
WI
54868
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
,
WI
54868
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
,
WI
54868
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
Additional Data
Software ID:
Software Version: