Abtk INC: FY2024 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

98 cents of each dollar spent went to programs.

98%

Program services 98% · $252K Management & general 2% · $6K

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/Treasurer

$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

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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 · $252K · in their own filed words · FY2024

01

The organization owns and maintains affordable rental housing for low-income elderly and family households. The housing is located in rural communities within wisconsin and illinois. Tenant rent payments are calculated as a percentage of the household income and are subject to federal guidelines.

$252Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$372K

Ln 12

Fees for servicesLn 2g$334K

Investment incomeLn 3$34K

Other incomeLn 4–11$4K

Money outPt IX

$258K

Ln 25

Programscol B$252K

Managementcol C$6K

Owns and owesPt X

$931K

net assets · Ln 32

Cash and savingsLn 1–2$369K

Total assetsLn 16$2.0M

LiabilitiesLn 26$1.1M

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$334K

Investment incomeLn 3$34K

Other incomeLn 4–11$4K

Total revenueLn 12$372K

Assets in detailPt X, end of year

CashLn 1$47K

SavingsLn 2$322K

Cash and savings togetherLn 1–2$369K

Land, buildings, equipmentLn 10c$402K

Other assetsLn 15$1.2M

Total assetsLn 16$2.0M

LiabilitiesLn 26$1.1M

Net assetsLn 32$931K

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 FY24	End FY24
Cash and savingsLn 1–2	$359K	$369K
Land, buildings, equipmentLn 10c	$453K	$402K
Total assetsLn 16	$2.0M	$2.0M
LiabilitiesLn 26	$1.1M	$1.1M
Net assetsLn 32	$817K	$931K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$23K	$23K
Other employee benefitsLn 9	$3K	$3K
Payroll taxesLn 10	$4K	$4K
Management feesLn 11a	$15K	$15K
Accounting feesLn 11c	$4K		$4K
Advertising and promotionLn 12	$18	$18
Office expensesLn 13	$7K	$7K
OccupancyLn 16	$46K	$46K
InterestLn 20	$40K	$40K
Depreciation, depletion and amortizationLn 22	$58K	$58K
InsuranceLn 23	$25K	$25K
Other expenses (24a–d)Ln 24	$31K	$30K	$2K
Total functional expensesLn 25	$258K	$252K	$6K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$383K	$298K	$85K	$1.0M	990 PDF
FY2024 Viewing	$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	$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 FY2024 990 (6 parts)

Part I · Summary $372,086 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $322,875$334,484

I-10 Investment incomePrior year $11,402$33,581

I-11 Other revenuePrior year $4,447$4,021

I-12 Total revenuePrior year $338,724$372,086

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 $30,201$30,614

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

I-17 Other expensesPrior year $231,763$227,329

I-18 Total expensesPrior year $261,964$257,943

I-19 Revenue less expensesPrior year $76,760$114,143

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 $372,086 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $334,484$334,484

VIII-3 Investment incomeExcluded from tax $33,581$33,581

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,021$4,021

VIII-12 Total revenueRelated to mission $338,505 · Unrelated business $0 · Excluded from tax $33,581$372,086

Part IX · Statement of functional expenses $257,943 across 12 lines filed

IX-7 Other salaries and wagesPrograms $23,343$23,343

IX-9 Other employee benefitsPrograms $3,312$3,312

IX-10 Payroll taxesPrograms $3,959$3,959

IX-11a Management feesPrograms $15,281$15,281

IX-11c Accounting feesManagement $4,285$4,285

IX-12 Advertising and promotionPrograms $18$18

IX-13 Office expensesPrograms $7,107$7,107

IX-16 OccupancyPrograms $46,378$46,378

IX-20 InterestPrograms $40,478$40,478

IX-22 Depreciation, depletion and amortizationPrograms $57,503$57,503

IX-23 InsurancePrograms $24,890$24,890

IX-24 Other expenses (24a–d)Programs $29,592 · Management $1,797$31,389

IX-25 Total functional expensesPrograms $251,861 · Management $6,082 · Fundraising $0$257,943

Part X · Balance sheet $2,014,041 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $47,498$47,183

X-2 Savings and temporary cash investmentsStart of year $311,585$322,094

X-4 Accounts receivableStart of year $2,733$5,145

X-10c Land, buildings and equipment, netStart of year $453,469$402,421

X-15 Other assetsStart of year $1,142,510$1,237,198

X-16 Total assetsStart of year $1,957,795$2,014,041

X-17 Accounts payable and accrued expensesStart of year $50,196$38,188

X-19 Deferred revenueStart of year $431$1,834

X-25 Other liabilitiesStart of year $104,990$98,686

X-26 Total liabilitiesStart of year $1,140,644$1,082,747

X-32 Total net assets or fund balancesStart of year $817,151$931,294

X-33 Total liabilities and net assetsStart of year $1,957,795$2,014,041

Part XI · Reconciliation of net assets $931,294 net assets at year end

XI-1 Total revenue$372,086

XI-2 Total expenses$257,943

XI-3 Revenue less expenses$114,143

XI-4 Net assets at start of year$817,151

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$931,294

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Abtk INC FY2024 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