Backtrack INC EIN 61-1378858

Backtrack INC FY2020 filing

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Offers affordable housing for low-income seniors aged 55 and older. For fiscal year 2020 it reported $334K in revenue, $538K in expenses, and $-737K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Louisville, KY
Filings
6 on file (2020–2020)
Revenue
$334KFY2020
Expenses
$538K
Net assets
$-737K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  61-1378858 Public charity (501(c)(3)) Louisville, KY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Offers affordable housing for low-income seniors aged 55 and older.
Leadership
Rick Hiles · Chairman
Money in and out
$334K revenue, $538K expenses
Bottom line
92% program efficiency
Where the money goes · FY2020
Total revenue
$334K
Pt VIII · Ln 12
Total expenses
$538K
Pt IX · Ln 25
Net assets
$-737K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$204K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-61%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$334K
FY2020
Expenses
$538K
FY2020
Total assets
$3.2M
FY2020
Total liabilities
$3.9M
FY2020
Total revenue
$334K
Pt VIII · Ln 12
Total expenses
$538K
Pt IX · Ln 25
Net assets
$-737K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$204K
Total assetsPt X · Ln 16$3.2M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $494K of program spending, described in the organization's own filed words · FY2020.
01

Provide quality affordable housing to low income residents who are 55 or older with an annual income that is at or below 50% of the area median income.

$494Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBacktrack INC
EINHdr · item D61-1378858
Principal addressHdr · item CLouisville, KY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L22)
Ruling yearIRS BMFFeb 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chaiman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$334K
Total revenueLn 12$334K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$494K
Management & general8%$44K
Total functional expensesLn 25$538K

Balance Sheet

Part X · end of year
CashLn 1$54K
Total assetsLn 16$3.2M
Total liabilitiesLn 26$3.9M
Total net assetsLn 32$-737K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $54K · Operating expenses/yr $538K
1.2 months
Where the money goes
Program services
Program services $494K · Total expenses $538K
92%
Management & General
Management & general $44K · Total expenses $538K
8%
Fundraising
Fundraising $0 · Total expenses $538K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $334K
0%
Government reliance
Government grants — · Total revenue $334K
Earned-income share
Program service revenue $334K · Total revenue $334K
100%
Investment reliance
Investment income $0 · Total revenue $334K
0%
Program self-sufficiency
Program service revenue $334K · Total expenses $538K
62%
Growth & trend
Revenue growth (YoY)
This year $334K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-737K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $334K · Expenses $538K
-61%
Liabilities-to-Assets
Total liabilities — · Total assets $3.2M
Net-asset ratio
Net assets $-737K · Total assets $3.2M
-23%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rick Hiles · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $538K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $538K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Legal fee ratio 0.3%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$409K revenue · ⤓ 990 PDF
FY2024$362K revenue · ⤓ 990 PDF
FY2023$356K revenue · ⤓ 990 PDF
FY2022$353K revenue · ⤓ 990 PDF
FY2021$336K revenue · ⤓ 990 PDF
FY2020$334K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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