Ahead Inc
- Assets
- $2.7m
- Revenue
- $466.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Ottumwa, IA
- Founding
- 12/1995
- Data as of
- 06/2022
- EIN
- 42-1446447
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Chris Bowers Secretary/treasurer | OfficerTrustee | 1 | $0 |
Dan Tometich Vice-Chairman | OfficerTrustee | 1 | $0 |
Dan Stroda Charman | OfficerTrustee | 1 | $0 |
John Helgerson Director | Trustee | 1 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,897 |
| Total functional expenses | $67,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,354 |
| Savings and temporary cash investments | $498,296 |
| Pledges and grants receivable | $21,959 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,134,996 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,677,605 |
| Accounts payable and accrued expenses | $11,149 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,149 |
| Net assets without donor restrictions | $2,567,154 |
| Net assets with donor restrictions | $99,302 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,677,605 |
Grants Awarded
Over the last fiscal year, Ahead Inc has awarded $29,865 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEFFERSON COUNTY IOWA PURPOSE: HOUSING TRUST | $13,557 |
Oskaloosa, IA PURPOSE: HOUSING TRUST | $8,847 |
WAPELLO COUNTY IOWA PURPOSE: HOUSING TRUST | $7,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wayside House Inc St Louis Park, MN | $4,548,768 | $9,185,572 |
Pioneer Concepts Inc Galesburg, IL | $32,518,138 | $9,746,303 |
Lake County Crisis Center For The Prevtn & Trmt Of Dom Violence Inc Zion, IL | $5,631,420 | $7,014,618 |
Good Shepherd Lutheran Home Rushford, MN | $5,235,289 | $7,321,984 |
Rutledge Youth Foundation Inc Springfield, IL | $1,501,927 | $4,932,933 |
Central Iowa Shelter & Services Des Moines, IA | $16,046,844 | $7,232,062 |
Partnership Resources Inc Minneapolis, MN | $2,279,751 | $4,670,067 |
Alexian Brothers Bonaventure House St Louis, MO | $6,669,362 | $3,581,611 |
Eastwood Of Ames Inc Spencer, IA | $21,177,734 | $3,310,260 |
Our Little Haven St Louis, MO | $19,035,501 | $4,544,777 |
Apna Ghar Inc Our Home Chicago, IL | $5,108,280 | $4,062,443 |
Willis Dady Emergency Shelter Inc Cedar Rapids, IA | $7,658,344 | $4,943,373 |