Civic Intelligence

Bt of Ark Inc

EIN 58-1524603 • 501(c)3 • Duluth, GA

Profile

To own and operate a rental housing property for low income elderly persons under section 202 of the national housing act.

3237 Satellite Blvd 310Duluth, GA 30096

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.13x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.86x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

45th percentile

1.4%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

4.2%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$495,850

Up $6,922 (+1.4%) from 2023

Liabilities

Down

$560,878

Down $141,942 (-20%) from 2023

Net Assets

Up

-$65,028

Up $148,864 (+70%) from 2023

Revenue

Up

$653,567

Up $26,475 (+4.2%) from 2023

Expenses

Up

$504,703

Up $20,422 (+4.2%) from 2023

Net Income

Up

$148,864

Up $6,053 (+4.2%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2010: $949,772Liabilities 2010: $1,599,644Net Assets 2010: -$649,8722010Assets 2011: $913,561Liabilities 2011: $1,565,955Net Assets 2011: -$652,3942011Assets 2012: $891,798Liabilities 2012: $1,527,334Net Assets 2012: -$635,5362012Assets 2013: $853,772Liabilities 2013: $1,478,717Net Assets 2013: -$624,9452013Assets 2014: $744,339Liabilities 2014: $1,425,903Net Assets 2014: -$681,5642014Assets 2015: $678,086Liabilities 2015: $1,373,542Net Assets 2015: -$695,4562015Assets 2016: $600,657Liabilities 2016: $1,313,257Net Assets 2016: -$712,6002016Assets 2017: $578,185Liabilities 2017: $1,244,589Net Assets 2017: -$666,4042017Assets 2018: $540,574Liabilities 2018: $1,174,640Net Assets 2018: -$634,0662018Assets 2019: $522,066Liabilities 2019: $1,096,506Net Assets 2019: -$574,4402019Assets 2020: $508,056Liabilities 2020: $1,006,981Net Assets 2020: -$498,9252020Assets 2021: $493,016Liabilities 2021: $913,878Net Assets 2021: -$420,8622021Assets 2022: $456,278Liabilities 2022: $812,981Net Assets 2022: -$356,7032022Assets 2023: $488,928Liabilities 2023: $702,820Net Assets 2023: -$213,8922023Assets 2024: $495,850Liabilities 2024: $560,878Net Assets 2024: -$65,0282024

Highlighted filing

2024

Assets$495,850
Liabilities$560,878
Net Assets-$65,028

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $501,0812010Expenses 2011: $520,6862011Expenses 2012: $509,9652012Revenue 2013: $533,118Expenses 2013: $522,527Net Income 2013: $10,5912013Revenue 2014: $532,494Expenses 2014: $589,113Net Income 2014: -$56,6192014Revenue 2015: $547,816Expenses 2015: $561,708Net Income 2015: -$13,8922015Revenue 2016: $546,342Expenses 2016: $563,486Net Income 2016: -$17,1442016Revenue 2017: $552,677Expenses 2017: $506,481Net Income 2017: $46,1962017Revenue 2018: $569,842Expenses 2018: $537,504Net Income 2018: $32,3382018Revenue 2019: $581,968Expenses 2019: $522,342Net Income 2019: $59,6262019Revenue 2020: $591,521Expenses 2020: $516,006Net Income 2020: $75,5152020Revenue 2021: $601,960Expenses 2021: $523,897Net Income 2021: $78,0632021Revenue 2022: $616,394Expenses 2022: $552,235Net Income 2022: $64,1592022Revenue 2023: $627,092Expenses 2023: $484,281Net Income 2023: $142,8112023Revenue 2024: $653,567Expenses 2024: $504,703Net Income 2024: $148,8642024

Highlighted filing

2024

Revenue$653,567
Expenses$504,703
Net Income$148,864

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.56$0.07$0.65$0.50$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.70$0.21$0.63$0.48$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.81$0.36$0.62$0.55$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.91$0.42$0.60$0.52$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$1.01$0.50$0.59$0.52$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$1.10$0.57$0.58$0.52$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$1.17$0.63$0.57$0.54$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$1.24$0.67$0.55$0.51$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$1.31$0.71$0.55$0.56$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.68$1.37$0.70$0.55$0.56$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.74$1.43$0.68$0.53$0.59$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.85$1.48$0.62$0.53$0.52$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$1.53$0.64$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$1.57$0.65$0.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$1.60$0.65$0.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 13, 2025
Return Version
2024v5.2
Gross Receipts
$653,567
Mission and Program Overview

Mission

To own and operate a rental housing property for low income elderly persons under section 202 of the national housing act.

To own and operate a rental housing property for low-income elderly persons under section 202 of the National Housing Act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$130,859$120,635▼ $10,224
Prepaid Expenses and Deferred Charges$49,720$49,718▼ $2
Cash and Non-Interest-Bearing Accounts$34,038$12,627▼ $21,411
Accounts Receivable$3,225$2,749▼ $476
Total Assets$488,928$495,850▲ $6,922
Other Assets Total$271,086$310,121▲ $39,035
Liabilities
Mortgage Notes Payable Secured by Investment Property$518,840$379,553▼ $139,287
Accounts Payable and Accrued Expenses$163,834$160,288▼ $3,546
Other Liabilities$19,102$18,914▼ $188
Deferred Revenue$1,044$2,123▲ $1,079
Total Liabilities$702,820$560,878▼ $141,942
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-213,892$-65,028▲ $148,864
Total Net Assets Fund Balance$-213,892$-65,028▲ $148,864
Total Liabilities and Net Assets / Fund Balance$488,928$495,850▲ $6,922

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$38,748$1,933,972$1,972,720
Land$75,091-$75,091
Other Land Buildings$6,796$38,493$45,289
Other Assets Org$248,241--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gerald EickhoffPresident
Joseph F GlennVice President
Earleen S Abernathy from Oct 2024Vice President/Asst Secretary
Barry Bumm from Oct 2024Director
Kim DelaceyDirector
Larry Gay ReaganDirector
Rebecca Bumm from Oct 2024Director
Robert L ReinhartDirector
Elizabeth C GlennSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$643,226
Investment Income
$6,600
Other Revenue
$3,741
Change in Net Assets
$148,864

Audited Revenue Reconciliation

Revenue per Audited Statements
$653,567
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$653,567
Total Revenue per Form 990
$653,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$420,365
Salaries, Compensation, and Employee Benefits$84,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$70,487--$70,487
Insurance$54,045--$54,045
Interest$53,481--$53,481
Occupancy$46,627--$46,627
Other Expenses$36,370$4,796-$41,166
Fees for Services Management-$40,236-$40,236
Fees for Services Accounting-$14,813-$14,813
Depreciation Depletion$13,678--$13,678
Other Employee Benefits$8,208--$8,208
Payroll Taxes$5,643--$5,643
Fees for Services Legal-$1,397-$1,397
Total Functional Expenses$443,461$61,242$0$504,703

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$504,703
Total Expenses per Audited Statements$504,703
Total Expenses per Form 990$504,703
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$18,914
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 2

Joseph F. Glenn the Vice President is married to Elizabeth C. Glenn the Secretary. Barry Bumm and Rebecca Bumm have a family relationship.

Form 990, Part VI, Section A, line 3

The organization has engaged a property management company to oversee the day-to-day operations of the apartment complex owned by the organization. The management company is experienced in the operation of low-income rental housing under HUD's section 202 program. Employees at the apartment complex are employees of the management company. The management contract has been approved by HUD.

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

An officer of the Board and the President of the management company review and approve the form 990 prior to its filing.

Form 990, Part VI, Section B, line 12C

Officers and Directors are reminded of this policy at each board meeting and are asked to disclose any potential conflicts of interest for discussion by the board.

Form 990, Part VI, Section B, line 15

The organization has no paid employees or officers. Directors and officers serve in a volunteer capacity and are not compensated for their service.

Form 990, Part VI, Section C, line 19

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
BT of ARK Inc
EIN
58-1524603
Phone
6783302000
Address
3237 Satellite Blvd 310, Duluth, GA 30096

Signing Officer

Name
Earleen Abernathy
Title
VP/Assistant Secretary
Phone
6783302000
Signed
2025-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerald Eickhoff
Formed
1988
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Aprio Advisory Group LLC
Address
2002 Summit Boulevard Suite 120, Atlanta, GA 30319
Preparer
Stacy Cullen
Phone
4048929651
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

An Officer of the board and the President of the management company review and approve the Audited Financial Statements.

Financial Statement Notes

Part X, Line 2:

The Corporation is organized and operated exclusively for charitable, not-for-profit purposes. The Internal Revenue Service has, in prior years, issued its determination letter reflecting that BT of ARK, Inc. is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. The Corporation has also been classified as an entity that is not a private foundation within the meaning of Section 509(a) and qualifies for deductible contributions as provided in Section 170(b)(1)(A)(vi). Therefore, no income tax provision has been included in the financial statements. The Corporation is no longer subject to income tax examinations for calendar years up to and including 2020.

Raw XML AppendixShowing 400 of 953 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/USAddress/CityNm0Duluth
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt013678
IRS990/DepreciationDepletionGrp/TotalAmt013678
IRS990/Desc0Operation & maintenance of an apartment complex for low-income elderly persons in accordance with the requirements of the Department of Housing and Urban Development.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Gerald Eickhoff
IRS990/Form990PartVIISectionAGrp/PersonNm1Joseph F Glenn
IRS990/Form990PartVIISectionAGrp/PersonNm2Earleen S Abernathy from Oct 2024
IRS990/Form990PartVIISectionAGrp/PersonNm3Elizabeth C Glenn
IRS990/Form990PartVIISectionAGrp/PersonNm4Larry Gay Reagan
IRS990/Form990PartVIISectionAGrp/PersonNm5Kim Delacey
IRS990/Form990PartVIISectionAGrp/PersonNm6Robert L Reinhart
IRS990/Form990PartVIISectionAGrp/PersonNm7Barry Bumm from Oct 2024
IRS990/Form990PartVIISectionAGrp/PersonNm8Rebecca Bumm from Oct 2024
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President/Asst Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt08208
IRS990/OtherExpensesGrp/Desc0Operating and Maintenan
IRS990/OtherExpensesGrp/Desc1Administrative Expense
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04796
IRS990/OtherExpensesGrp/ProgramServicesAmt0154922
IRS990/OtherExpensesGrp/ProgramServicesAmt136370
IRS990/OtherExpensesGrp/TotalAmt0154922
IRS990/OtherExpensesGrp/TotalAmt141166
IRS990/OtherLiabilitiesGrp/BOYAmt019102
IRS990/OtherLiabilitiesGrp/EOYAmt018914
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03741
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03741
IRS990/OtherRevenueTotalAmt03741
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt070487
IRS990/OtherSalariesAndWagesGrp/TotalAmt070487
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt05643
IRS990/PayrollTaxesGrp/TotalAmt05643
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt049720
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt049718
IRS990/PrincipalOfficerNm0Gerald Eickhoff
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0HUD Subsidy Rental Inc
IRS990/ProgramServiceRevenueGrp/Desc1Rental and Other Incom
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0396873
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1246353
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0396873
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1246353
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05836
IRS990/PYOtherExpensesAmt0410161
IRS990/PYOtherRevenueAmt02514
IRS990/PYProgramServiceRevenueAmt0618742
IRS990/PYRevenuesLessExpensesAmt0142811
IRS990/PYSalariesCompEmpBnftPaidAmt074120
IRS990/PYTotalExpensesAmt0484281
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0627092
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0148864
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0646967
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06600
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05836
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01464
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0387
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0396
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt014683
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0643226
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0621256
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0614930
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0601573
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0591125
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03072110
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06600
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05836
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01464
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0387
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0396
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt014683
IRS990ScheduleA/InvestmentIncomeCYPct00.00480
IRS990ScheduleA/InvestmentIncomePYPct00.00300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03741
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03741
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99400
IRS990ScheduleA/PublicSupportPY509Pct00.61880
IRS990ScheduleA/PublicSupportTotal509Amt03072110
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0643226
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0621256
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0614930
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0601573
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0591125
IRS990ScheduleA/Total509Grp/TotalAmt03072110
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0653567
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0627092
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0616394
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0601960
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0591521
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03090534
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt038748
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01933972
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01972720
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0504703
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt075091
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt075091
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt120751
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt240929
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3248241
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Utility Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Tenant Deposits Held in Trust
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Escrow Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Replacement Reserve
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06796
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038493
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045289
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0653567
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation is organized and operated exclusively for charitable, not-for-profit purposes. The Internal Revenue Service has, in prior years, issued its determination letter reflecting that BT of ARK, Inc. is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. The Corporation has also been classified as an entity that is not a private foundation within the meaning of Section 509(a) and qualifies for deductible contributions as provided in Section 170(b)(1)(A)(vi). Therefore, no income tax provision has been included in the financial statements. The Corporation is no longer subject to income tax examinations for calendar years up to and including 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0120635
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0310121
IRS990ScheduleD/TotalExpensesPerForm990Amt0504703
IRS990ScheduleD/TotalLiabilityAmt018914
IRS990ScheduleD/TotalRevenuePerForm990Amt0653567
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0653567
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0504703
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Joseph F. Glenn the Vice President is married to Elizabeth C. Glenn the Secretary. Barry Bumm and Rebecca Bumm have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has engaged a property management company to oversee the day-to-day operations of the apartment complex owned by the organization. The management company is experienced in the operation of low-income rental housing under HUD's section 202 program. Employees at the apartment complex are employees of the management company. The management contract has been approved by HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2An officer of the Board and the President of the management company review and approve the form 990 prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Officers and Directors are reminded of this policy at each board meeting and are asked to disclose any potential conflicts of interest for discussion by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization has no paid employees or officers. Directors and officers serve in a volunteer capacity and are not compensated for their service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6An Officer of the board and the President of the management company review and approve the Audited Financial Statements.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd230
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd240
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd250
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd260
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd270
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd280
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd290
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd310
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd320
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd330
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd340

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