Bit Holdings Eighty-One INC FY2021 filing

Baltimore, MDUnknown exempt organizationEIN 84-4463237

Organized for the purpose of acquiring real property, holding title thereto, collecting the income from such property, and remitting the entire amount less expenses to qualified shareholders.

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $6.8M a year · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$27.7M
-5979% vs prior year
Spent
$0
Net assets
$347K
By yearFY2020–FY2024
Revenue
−$27.7M
FY2021▼ -5979%
Revenue by fiscal year
FY2020$471K
FY2021−$27.7M
FY2022−$46K
FY2023$62K
FY2024$0
Expenses
$0
FY2021▼ -100%
Expenses by fiscal year
FY2020$13K
FY2021$0
FY2022$0
FY2023$0
FY2024Not on file
Net assets
$347K
FY2021▼ -99%
Net assets by fiscal year
FY2020$53.8M
FY2021$347K
FY2022$218K
FY2023$230K
FY2024$213K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Pres/Asst Secretary/Asst Treas
$0Pt VII · Sec A
VP/Assistant Secretary
$0Pt VII · Sec A
VP/Assistant Secretary
$0Pt VII · Sec A
VP/Secretary/Treasurer
$0Pt VII · Sec A
VP/Assistant Secretary
$0Pt VII · Sec A
VP/Assistant Secretary
$0Pt VII · Sec A
VP/Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bit Holdings Eighty-One 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

Acquires and manages property, collecting income to distribute to shareholders.

Provided by the organization

This section is blank until Bit Holdings Eighty-One INC claims this page.

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1 program service, described in the organization's own filed words · FY2021.
01

Bit holdings eighty-one, inc. Was organized for the exclusive purpose of acquiring real property, holding title thereto, collecting the income from such property, and remitting the entire amount less expenses to the afl-cio building investment trust. During 2021, bit holdings eighty-one, inc.

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
−$27.7M
Ln 12
Money outPt IX
$0
Ln 25
Owns and owesPt X
$347K
net assets · Ln 32
Total assetsLn 16$347K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gains on assetsLn 7−$27.8M
Total revenueLn 12−$27.7M
Assets in detailPt X, end of year
Other assetsLn 15$347K
Total assetsLn 16$347K
LiabilitiesLn 26$0
Net assetsLn 32$347K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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
LineStart FY21End FY21
Total assetsLn 16$53.8M$347K
LiabilitiesLn 26$0$0
Net assetsLn 32$53.8M$347K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$213K 990 PDF
FY2023 $62K$0$62K$230K 990 PDF
FY2022 −$46K$0−$46K$218K 990 PDF
FY2021 Viewing −$27.7M$0−$27.7M$347K 990 PDF
FY2020 $471K$13K$458K$53.8M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue −$27,676,603 across 3 lines filed
VIII-6 Net rental income or lossExcluded from tax $93,200$93,200
VIII-7 Net gain or loss on sales of assetsRelated to mission −$27,769,803−$27,769,803
VIII-12 Total revenueRelated to mission −$27,769,803 · Unrelated business $0 · Excluded from tax $93,200−$27,676,603
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expenses$0
Part X · Balance sheet $346,578 assets, 5 lines filed
X-15 Other assetsStart of year $53,831,351$346,578
X-16 Total assetsStart of year $53,831,351$346,578
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $53,831,351$346,578
X-33 Total liabilities and net assetsStart of year $53,831,351$346,578
Part XI · Reconciliation of net assets $346,578 net assets at year end
XI-1 Total revenue−$27,676,603
XI-2 Total expenses$0
XI-3 Revenue less expenses−$27,676,603
XI-4 Net assets at start of year$53,831,351
XI-9 Other changes in net assets−$25,808,170
XI-10 Net assets at end of year$346,578

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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