Ahead Inc

Organization Overview

Ahead Inc is located in Ottumwa, IA. The organization was established in 1995. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ahead Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Ahead Inc generated $466.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $68.0k during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO HELP FIRST TIME HOMEBUYERS THROUGH LOW INTEREST LOANS. THE LOANS CAN BE UP TO $10,000, PAYABLE OVER A MAXIMUM OF 10 YEARS, AT A 3% INTEREST RATE, WITH AN EQUAL MONTHLY PAYMENT AMOUNT FROM THE BORROWER. IN ADDITION, FROM THE REGIONAL HOUSING TRUST FUND MONIES RECEIVED, OUR MISSION IS TO PROVIDE HOUSING REHABILITATION ASSISTANCE TO QUALIFIED HOMEOWNERS, AND TO PROVIDE TENANT RENTAL AND UTILITY ASSISTANCE TO QUALIFIED INDIVIDUALS. IN ADDITION, A REVOLVING LOAN FUND HAS BEEN ESTABLISHED IN RELATION TO THIS PROGRAM FOR OWNER AND RENTAL REHABILITATION LOANS. WE HAVE ALSO ESTABLISHED A HOME BUYER PROGRAM. TO QUALIFY FOR THIS PROGRAM, THE HOUSEHOLD'S INCOME HAS TO BE $100,000 OR LESS AT THE TIME OF THE LOAN, MUST BE IN THE 6-COUNTY AREA AND INSIDE CITY LIMITS. FURTHERMORE, THE LOANS CAN BE UP TO $10,000, PAYABLE OVER A MAXIMUM OF 10 YEARS, AT A 3% INTEREST RATE, WITH AN EQUAL MONTHLY PAYMENT AMOUNT FROM THE BORROWER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FISCAL YAR 2011 WAS OUR FIRST YEAR AS PART OF THE REGIONAL HOUSING TRUST FUND. THROUGH THE YEARS WE PROVIDED TENANT RENTAL AND HOMEOWNER UTILITY ASSISTANCE TO SEVERAL HUNDRED QUALFIED LOW INCOME HOUSEHOLDS. RENTAL AND UTILITY ASSISTANCE FUNDS WERE FUNNELED THROUGH THE COUNTY GENERAL RELIEF DIRECTORS, WHO DISPERSED THESE FUNDS TO RECIPIENTS. THERE ARE ALSO OUTSTANDING LOANS TO LOW INCOME HOUSEHOLDS, SO THESE HOMEOWNERS COULD USE THESE FUNDS FOR SUCH THINGS AS ROOFS, GUTTERS, SIDING, FOUNDATION REPAIRS, AND VARIOUS STRUCTURAL IMPROVEMENTS. ALSO, THERE ARE OUTSTANDING LOANS TO DIFFERENT HABITAT FOR HAMANITIES AND TO ADDITIONAL NON-PROFITS FOR CONSTRUCTING OR REPAIRING HOMES IN THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Dan Tometich
Vice-Chairman
$0
Dan Stroda
Charman
$0
Chris Bowers
Secretary/treasurer
$0
John Helgerson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $402,786
All other contributions, gifts, grants, and similar amounts not included above$35,690
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$438,476
Total Program Service Revenue$13,202
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $466,531

Grants Awarded

Over the last fiscal year, Ahead Inc has awarded $29,865 in support to 3 organizations.

Grant RecipientAmount

JEFFERSON COUNTY IOWA

PURPOSE: HOUSING TRUST

$13,557

Oskaloosa, IA

PURPOSE: HOUSING TRUST

$8,847

WAPELLO COUNTY IOWA

PURPOSE: HOUSING TRUST

$7,461
View Grant Profile

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