Civic Intelligence

Abtk Inc.

990 • Fiscal year 2018 • EIN 39-1763109

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

C/O Dak Management Company IncFennimore, WI 53809-1744

(608) 822-4777

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.74x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

4.83x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

53rd percentile

1.8%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

24th percentile

-8.3%

Faster revenue growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,875,957

Up $33,681 (+1.8%) from 2017

Net Assets

Up

$490,575

Up $52,507 (+12%) from 2017

Liabilities

Down

$1,385,382

Down $18,826 (-1.3%) from 2017

Revenue

Down

$286,645

Down $25,819 (-8.3%) from 2017

Expenses

Down

$234,138

Down $35,948 (-13%) from 2017

Net Income

Up

$52,507

Up $10,129 (+24%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,856,102Liabilities 2010: $2,114,030Net Assets 2010: -$257,9282010Assets 2011: $1,936,915Liabilities 2011: $2,090,681Net Assets 2011: -$153,7662011Assets 2012: $1,956,688Liabilities 2012: $2,066,995Net Assets 2012: -$110,3072012Assets 2013: $1,974,130Liabilities 2013: $2,043,484Net Assets 2013: -$69,3542013Assets 2014: $1,709,421Liabilities 2014: $1,457,982Net Assets 2014: $251,4392014Assets 2015: $1,766,708Liabilities 2015: $1,439,987Net Assets 2015: $326,7212015Assets 2016: $1,819,620Liabilities 2016: $1,423,930Net Assets 2016: $395,6902016Assets 2017: $1,842,276Liabilities 2017: $1,404,208Net Assets 2017: $438,0682017Assets 2018: $1,875,957Liabilities 2018: $1,385,382Net Assets 2018: $490,5752018Assets 2019: $1,893,474Liabilities 2019: $1,366,734Net Assets 2019: $526,7402019Assets 2020: $1,804,524Liabilities 2020: $1,233,984Net Assets 2020: $570,5402020Assets 2021: $1,904,415Liabilities 2021: $1,206,233Net Assets 2021: $698,1822021Assets 2022: $1,917,224Liabilities 2022: $1,176,833Net Assets 2022: $740,3912022Assets 2023: $1,957,795Liabilities 2023: $1,140,644Net Assets 2023: $817,1512023Assets 2024: $2,014,041Liabilities 2024: $1,082,747Net Assets 2024: $931,2942024

Highlighted filing

2018

Assets$1,875,957
Liabilities$1,385,382
Net Assets$490,575

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Expenses 2010: $373,0202010Expenses 2011: $331,9272011Expenses 2012: $350,8522012Revenue 2013: $392,973Expenses 2013: $352,020Net Income 2013: $40,9532013Revenue 2014: $575,350Expenses 2014: $254,557Net Income 2014: $320,7932014Revenue 2015: $329,374Expenses 2015: $253,373Net Income 2015: $76,0012015Revenue 2016: $331,010Expenses 2016: $262,041Net Income 2016: $68,9692016Revenue 2017: $312,464Expenses 2017: $270,086Net Income 2017: $42,3782017Revenue 2018: $286,645Expenses 2018: $234,138Net Income 2018: $52,5072018Revenue 2019: $286,125Expenses 2019: $249,960Net Income 2019: $36,1652019Revenue 2020: $305,937Expenses 2020: $262,137Net Income 2020: $43,8002020Revenue 2021: $383,006Expenses 2021: $255,364Net Income 2021: $127,6422021Revenue 2022: $314,054Expenses 2022: $271,845Net Income 2022: $42,2092022Revenue 2023: $338,724Expenses 2023: $261,964Net Income 2023: $76,7602023Revenue 2024: $372,086Expenses 2024: $257,943Net Income 2024: $114,1432024

Highlighted filing

2018

Revenue$286,645
Expenses$234,138
Net Income$52,507
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$286,645
Mission and Program Overview

Mission

NONE

Federally assisted and regulated (by usda rural development) affordable housing complexes providing low cost rental units to low income families and elderly tenants in rural communities of wisconsin and illinois.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$757,571$727,614▼ $29,957
Rtn Earn Endowment Incm Other Fnds$438,068$490,575▲ $52,507
Savings and Temporary Cash Investments$195,025$189,780▼ $5,245
Cash and Non-Interest-Bearing Accounts$28,697$46,561▲ $17,864
Accounts Receivable$2,335$2,707▲ $372
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,842,276$1,875,957▲ $33,681
Other Assets Total$858,648$909,295▲ $50,647
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,200,310$1,167,671▼ $32,639
Other Liabilities$155,664$155,664→ $0
Accounts Payable and Accrued Expenses$47,787$61,354▲ $13,567
Deferred Revenue$447$693▲ $246
Total Liabilities$1,404,208$1,385,382▼ $18,826
Net Assets / Fund Balance
Total Net Assets Fund Balance$438,068$490,575▲ $52,507
Total Liabilities and Net Assets / Fund Balance$1,842,276$1,875,957▲ $33,681

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$301,689$1,197,905$1,499,594
Equipment$320,980-$320,980
Leasehold Improvements$74,339-$74,339
Land$30,606-$30,606
Other Assets Org$909,295--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda M KittlesonPresident
Ty J KittlesonVice President
Kari AddisonMember
Katherine R RiceSecretary
Linda M KittlesonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$280,343
Investment Income
$1,306
Other Revenue
$4,996
Change in Net Assets
$52,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,138
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$56,364--$56,364
Interest$49,311--$49,311
Fees for Services Management$18,687--$18,687
All Other Expenses$17,692--$17,692
Insurance$16,900--$16,900
Other Expenses$11,739--$11,739
Fees for Services Accounting-$2,950-$2,950
Fees for Services Legal$2,659--$2,659
Advertising$221--$221
Total Functional Expenses$231,188$2,950$0$234,138
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Dak Mgmt Co Inc. Is Owned by the Spouse of Board President Linda KittlesonDak Management Company Inc. Is the Entity That Manages All of the Abtk-owned Rental Properties. Property Management Fees Are Paid Monthly by Abtk (and the Properties It Owns) to Dak Management Inc. for Services Rendered.No$18,687
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue - Ihda Grant$110,000
Note Payable - Dak Mgmt$45,664
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Linda kittleson is the mother of board members ty kittleson and kari addison.

Form 990, Part VI, Section B, Line 11B

No review will be conducted

Form 990, Part VI, Section C, Line 19

Made available upon request

Filing and Contact Details

Filer

Filer Name
Abtk Inc
EIN
39-1763109
Phone
6088224777
Address
C/O DAK MANAGEMENT COMPANY INC, FENNIMORE, WI 53809-1744

Signing Officer

Name
Linda Kittleson
Title
President
Phone
6088224777
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Kittleson
Formed
1992
Legal Domicile
Wi
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Kma Bodilly Cpas & Consultants Sc
Address
1200 JOHN Q HAMMONS DR STE 500, MADISON, WI 53717-2199
Preparer
Michael M Konicek CPA
Phone
6086641040
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0FEDERALLY ASSISTED AND REGULATED (BY USDA RURAL DEVELOPMENT) AFFORDABLE HOUSING COMPLEXES PROVIDING LOW COST RENTAL UNITS TO LOW INCOME FAMILIES AND ELDERLY TENANTS IN RURAL COMMUNITIES OF WISCONSIN AND ILLINOIS.
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99230
IRS990ScheduleA/PublicSupportPY509Pct00.99380
IRS990ScheduleA/PublicSupportTotal509Amt0757404
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0158771
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0154303
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0160207
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0150693
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0133430
IRS990ScheduleA/Total509Grp/TotalAmt0757404
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0160077
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0156114
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0161564
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0151675
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0133888
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0763318
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0301689
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01197905
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01499594
IRS990ScheduleD/EquipmentGrp/BookValueAmt0320980
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0320980
IRS990ScheduleD/LandGrp/BookValueAmt030606
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030606
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt074339
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt074339
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0909295
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT IN PARTNERSHIP INTERESTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0110000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt145664
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED REVENUE - IHDA GRANT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE - DAK MGMT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0727614
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0909295
IRS990ScheduleD/TotalLiabilityAmt0155664
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0DAK MANAGEMENT COMPANY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DAK MGMT CO INC. IS OWNED BY THE SPOUSE OF BOARD PRESIDENT LINDA KITTLESON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt018687
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0DAK MANAGEMENT COMPANY INC. IS THE ENTITY THAT MANAGES ALL OF THE ABTK-OWNED RENTAL PROPERTIES. PROPERTY MANAGEMENT FEES ARE PAID MONTHLY BY ABTK (AND THE PROPERTIES IT OWNS) TO DAK MANAGEMENT INC. FOR SERVICES RENDERED.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINDA KITTLESON IS THE MOTHER OF BOARD MEMBERS TY KITTLESON AND KARI ADDISON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01842276
IRS990/TotalAssetsEOYAmt01875957
IRS990/TotalAssetsGrp/BOYAmt01842276
IRS990/TotalAssetsGrp/EOYAmt01875957
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02950
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0231188
IRS990/TotalFunctionalExpensesGrp/TotalAmt0234138
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01404208
IRS990/TotalLiabilitiesEOYAmt01385382
IRS990/TotalLiabilitiesGrp/BOYAmt01404208
IRS990/TotalLiabilitiesGrp/EOYAmt01385382
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0438068
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0490575
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0231188
IRS990/TotalProgramServiceRevenueAmt0280343
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0286645
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0286645
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01842276
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01875957
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01725 8TH STREET
IRS990/USAddress/CityNm0FENNIMORE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053809
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA KITTLESON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06088224777
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ABTK INC
ReturnHeader/Filer/BusinessNameControlTxt0ABTK
ReturnHeader/Filer/EIN0391763109
ReturnHeader/Filer/PhoneNum06088224777
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O DAK MANAGEMENT COMPANY INC
ReturnHeader/Filer/USAddress/CityNm0FENNIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0538091744
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F0ED326AAA5999B331335E6617D452F0B077DD4C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0172.102.4.130
ReturnHeader/FilingSecurityInformation/IPDt02019-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:50:47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452904270
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KMA BODILLY CPAS & CONSULTANTS SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01200 JOHN Q HAMMONS DR STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0537172199
ReturnHeader/PreparerPersonGrp/PhoneNum06086641040
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL M KONICEK CPA
ReturnHeader/ReturnTs02019-11-15T13:28:53-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.01$1.08$0.93$0.37$0.26$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.96$1.14$0.82$0.34$0.26$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.92$1.18$0.74$0.31$0.27$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.90$1.21$0.70$0.38$0.26$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.80$1.23$0.57$0.31$0.26$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.89$1.37$0.53$0.29$0.25$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.88$1.39$0.49$0.29$0.23$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.84$1.40$0.44$0.31$0.27$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.82$1.42$0.40$0.33$0.26$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.77$1.44$0.33$0.33$0.25$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.71$1.46$0.25$0.58$0.25$0.32
2013Detailed filing. Detailed filing data is available for this year.$1.97$2.04$0.07$0.39$0.35$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$2.07$0.11$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$2.09$0.15$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$2.11$0.26$0.37