Overview
What is Abtk Inc?
Abtk Inc, established in Fennimore, Wisconsin, is a dedicated nonprofit organization that focuses on providing affordable rental housing solutions for low-income families and elderly tenants in rural areas of Wisconsin and Illinois. Their housing complexes, supervised by the USDA Rural Development, adhere to federal guidelines and offer low-cost rental units. Tenants' rent payments are calculated based on their total income, ensuring affordability for all residents. Abtk Inc's mission is to contribute positively to the lives of individuals in these communities, promoting access to secure and affordable housing options.
Is Abtk Inc legitimate?
Abtk Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abtk Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,544
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What is the mission statement of Abtk Inc?
Abtk Inc, as an organization, is dedicated to providing affordable housing solutions for low-income families and elderly tenants residing in rural communities of Wisconsin and Illinois. They accomplish this through the operation of Federally assisted and regulated (by USDA Rural Development) affordable housing complexes. These complexes offer low-cost rental units, with tenant rent payments calculated based on their total income and subject to federal guidelines. Abtk Inc's mission is essential in ensuring that individuals in need have access to affordable housing, contributing to a more equitable living standard in these rural communities.
Who is the CEO of Abtk Inc?
Linda Kittelson is the President/Treasurer of Abtk Inc.
What is the revenue of Abtk Inc?
Abtk Inc's revenue in 2022 was $314,054.
Who are the executives of Abtk Inc and what are their salaries?
There 4 volunteers at Abtk Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Abtk Inc?
Abtk Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Abtk Inc
Abtk Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for low-income families and elderly tenants in rural communities of both Wisconsin and Illinois. The organization is regulated and assisted federally, primarily by the USDA Rural Development, ensuring the provision of low-cost rental units that are in line with strict federal guidelines. Tenant rent payments are calculated as a percentage of their total income, reflecting the organization's commitment to making housing affordable for those who need it most. Abtk Inc is not just a housing provider; it plays a significant role in enhancing the living conditions of its residents, contributing to their overall well-being in rural communities.
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Impact
October, 2024
Abtk Inc significantly impacts rural communities in Wisconsin and Illinois by addressing the pressing need for affordable housing. Through its federally assisted and regulated complexes, it provides low-cost rental units specifically designed for low-income families and elderly tenants. This initiative offers stability and a safe living environment, helping residents manage their financial burdens effectively since rent payments are based on a percentage of their total income.
By operating in areas where affordable housing is scarce, Abtk Inc plays a crucial role in enhancing the quality of life for vulnerable populations. Its efforts contribute to community development, promoting economic stability and accessibility to essential services for those who may otherwise struggle to secure adequate housing. Furthermore, Abtk’s focus on low-income families and the elderly helps combat homelessness and housing insecurity, fostering a sense of belonging and support within the rural communities it serves.
This information is meant to be a general summary of Abtk Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,458
- Program Service Revenue: $272,175
- Gross Receipts: $314,054
Assets and Liabilities:
- Total Assets: $1,917,224
- Total Liabilities: $1,176,833
- Net Assets: $740,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING REVENUE
Revenue
$131,808
TENANT RENT RECEIPTS
Revenue
$115,529
K-1 ALLOCATIONS
Revenue
$24,838
Organization Details
Founding Year
1992
Phone
(608) 822-4777Principal Officer
Linda Kittelson
Main Address
1020 LINCOLN AVENUE, FENNIMORE, WI, 538091744
NTEE Category
Code: L20 - Housing
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