Impact Seven

Legal name: Impact Seven Inc

Nonprofit profile at a glance

EIN
391141037
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Rice Lake, WI, US
Phone
715-434-1717
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$27,745,903
Expenses
$10,995,620
Assets
$177,778,706
Liabilities
$39,094,976

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • BRETT GERBER (PRESIDENT/CEO)
  • MATT PIOSKE (VICE PRESIDENT OF ACCOUNTING)
  • CAROL KEEN (VICE PRESIDENT OF RE DEVEL)

Highest reported compensation

  • BRETT GERBER (PRESIDENT/CEO): $673,379 total reported compensation
  • TOM PATZMAN (VP BUSINESS DEVELOPMENT): $344,968 total reported compensation
  • MATT PIOSKE (VICE PRESIDENT OF ACCOUNTING): $191,320 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide flexible, affordable loan capital for businesses, housing, commercial real estate and community development projects in Wisconsin and beyond, and to develop and manage affordable housing for low-income families, elderly persons, and persons with disabilities.

What it reported doing in 2024

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.- $33,995,730 in loans closed- 20 loans closed- 76 fte jobs created by borrowers- 129 fte jobs retatined by borrowersimpact seven provides services in the management of rental housing for its owned units.- 1697 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

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 88
  • Accountability: 82
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30.1%; rating input score 30
  • Program expense ratio: 79.5%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.3%; rating input score 93; 26th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 60.4%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 16.17; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 18.3%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 10.2% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 8.8% per year; rating input score 100; 59th percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 30.1% of revenue deployed · 79.5% of spending went to programs
  • Governance: 14 of 15 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.7M in reported program spending
  • Leadership: top reported pay $673K · 21 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 29 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.