Abtk INC: FY2020 Nonprofit Profile & Form 990 (EIN 39-1763109)

Revenue by fiscal year
FY2020	$306K
FY2021	$383K
FY2022	$314K
FY2023	$339K
FY2024	$372K
FY2025	$383K

Expenses by fiscal year
FY2020	$262K
FY2021	$255K
FY2022	$272K
FY2023	$262K
FY2024	$258K
FY2025	$298K

Net assets by fiscal year
FY2020	$571K
FY2021	$698K
FY2022	$740K
FY2023	$817K
FY2024	$931K
FY2025	$1.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $247K Management & general 6% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation

Linda M Kittleson

President

$0Pt VII · Sec A

Ty J Kittleson

Vice President

$0Pt VII · Sec A

Katherine R Rice

Secretary

$0Pt VII · Sec A

Kari Addison

Member

$0Pt VII · Sec A

See Abtk INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable rental housing for low-income families and seniors in rural Wisconsin and Illinois.

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Provided by the organization

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1 program · $247K · in their own filed words · FY2020

01

The organization provides affordable rental housing to low income families and elderly tenants in rural communities within wisconsin and illinois. Tenant rent payments are calculated as a percentage of their total income and are subject to federal guidelines.

$247Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$306K

Ln 12

Fees for servicesLn 2g$300K

Other incomeLn 4–11$4K

Investment incomeLn 3$2K

Money outPt IX

$262K

Ln 25

Programscol B$247K

Managementcol C$15K

Owns and owesPt X

$571K

net assets · Ln 32

Cash and savingsLn 1–2$234K

Total assetsLn 16$1.8M

LiabilitiesLn 26$1.2M

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$300K

Investment incomeLn 3$2K

Other incomeLn 4–11$4K

Total revenueLn 12$306K

Assets in detailPt X, end of year

CashLn 1$41K

SavingsLn 2$193K

Cash and savings togetherLn 1–2$234K

Land, buildings, equipmentLn 10c$634K

Other assetsLn 15$930K

Total assetsLn 16$1.8M

LiabilitiesLn 26$1.2M

Net assetsLn 32$571K

OperationsPt I, VI

EmployeesI 50

VolunteersI 64

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$233K	$234K
Land, buildings, equipmentLn 10c	$700K	$634K
Total assetsLn 16	$1.9M	$1.8M
LiabilitiesLn 26	$1.4M	$1.2M
Net assetsLn 32	$527K	$571K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$21K	$21K
Legal feesLn 11b	$175		$175
Accounting feesLn 11c	$15K		$15K
Advertising and promotionLn 12	$311	$311
InterestLn 20	$46K	$46K
Depreciation, depletion and amortizationLn 22	$66K	$66K
InsuranceLn 23	$19K	$19K
Other expenses (24a–d)Ln 24	$75K	$75K
All other expensesLn 24e	$21K	$21K
Total functional expensesLn 25	$262K	$247K	$15K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$383K	$298K	$85K	$1.0M	990 PDF
FY2024	$372K	$258K	$114K	$931K	990 PDF
FY2023	$339K	$262K	$77K	$817K	990 PDF
FY2022	$314K	$272K	$42K	$740K	990 PDF
FY2021	$383K	$255K	$128K	$698K	990 PDF
FY2020 Viewing	$306K	$262K	$44K	$571K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $305,937 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $278,498$300,127

I-10 Investment incomePrior year $3,125$1,603

I-11 Other revenuePrior year $4,502$4,207

I-12 Total revenuePrior year $286,125$305,937

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $249,960$262,137

I-18 Total expensesPrior year $249,960$262,137

I-19 Revenue less expensesPrior year $36,165$43,800

Part VI · Governance 0 of 4 board members independent, 5 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $305,937 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $300,127$300,127

VIII-3 Investment incomeRelated to mission $1,603$1,603

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,207$4,207

VIII-12 Total revenueRelated to mission $305,937 · Unrelated business $0 · Excluded from tax $0$305,937

Part IX · Statement of functional expenses $262,137 across 9 lines filed

IX-11a Management feesPrograms $20,736$20,736

IX-11b Legal feesManagement $175$175

IX-11c Accounting feesManagement $14,800$14,800

IX-12 Advertising and promotionPrograms $311$311

IX-20 InterestPrograms $46,388$46,388

IX-22 Depreciation, depletion and amortizationPrograms $65,627$65,627

IX-23 InsurancePrograms $18,789$18,789

IX-24 Other expenses (24a–d)Programs $74,519$74,519

IX-24e All other expensesPrograms $20,792$20,792

IX-25 Total functional expensesPrograms $247,162 · Management $14,975 · Fundraising $0$262,137

Part X · Balance sheet $1,804,524 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $54,252$41,017

X-2 Savings and temporary cash investmentsStart of year $178,282$193,137

X-4 Accounts receivableStart of year $2,591$6,375

X-10c Land, buildings and equipment, netStart of year $699,825$634,198

X-15 Other assetsStart of year $958,524$929,797

X-16 Total assetsStart of year $1,893,474$1,804,524

X-17 Accounts payable and accrued expensesStart of year $77,204$52,499

X-19 Deferred revenueStart of year $30$314

X-25 Other liabilitiesStart of year $155,664$82,439

X-26 Total liabilitiesStart of year $1,366,734$1,233,984

X-32 Total net assets or fund balancesStart of year $526,740$570,540

X-33 Total liabilities and net assetsStart of year $1,893,474$1,804,524

Part XI · Reconciliation of net assets $570,540 net assets at year end

XI-1 Total revenue$305,937

XI-2 Total expenses$262,137

XI-3 Revenue less expenses$43,800

XI-4 Net assets at start of year$526,740

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$570,540

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Abtk INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Abtk INC

By the numbers

Filing history

Schedules filed Part IV