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Ahead INC FY2022 filing

Tax-deductible

Ottumwa, IA501(c)(3)HousingEIN 42-1446447Revenue $467K in FY2022

On file with the IRSarea15rpc.comPo Box 1110, 52501-7110 · Ottumwa, IATax-exempt since Dec 1995Publicly supported charity — 170(b)(1)(A)(vi)

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To help first time home buyers 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.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $335K a year · 77% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
92 mo
of spending, in cash
Looks good: 91.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$467K
+21% vs prior year
Spent
$68K
To programs
46%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$467K
FY2022▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$269K
FY2021$385K
FY2022$467K
FY2023$526K
FY2024$587K
FY2025$396K
Expenses
$68K
FY2022▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$94K
FY2021$71K
FY2022$68K
FY2023$184K
FY2024$107K
FY2025$93K
Net assets
$2.7M
FY2022▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$2.7M
FY2023$3.0M
FY2024$3.5M
FY2025$3.8M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $31K Management & general 54% · $36K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Dan Stroda
Charman
$0Pt VII · Sec A
Dan Tometich
Vice-Chairman
$0Pt VII · Sec A
Chris Bowers
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides low-interest loans for first-time homebuyers and assistance for home repairs and rent.

Provided by the organization

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1 program · $31K · in their own filed words · FY2021
01

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.

$31Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$467K
Ln 12
Gifts and grantsLn 1h$438K
Other incomeLn 4–11$15K
Fees for servicesLn 2g$13K
Money outPt IX
$68K
Ln 25
Programscol B$31K
Managementcol C$36K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$521K
Total assetsLn 16$2.7M
LiabilitiesLn 26$11K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$438K
Government grantsLn 1e$403K
Fees for servicesLn 2g$13K
Other incomeLn 4–11$15K
Total revenueLn 12$467K
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$498K
Cash and savings togetherLn 1–2$521K
InvestmentsLn 11–13$2.1M
Total assetsLn 16$2.7M
LiabilitiesLn 26$11K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$553K$521K
InvestmentsLn 11–13$1.7M$2.1M
Total assetsLn 16$2.3M$2.7M
LiabilitiesLn 26$10K$11K
Net assetsLn 32$2.3M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Other expenses (24a–d)Ln 24$59K$30K$30K
All other expensesLn 24e$5K$2K$3K
Total functional expensesLn 25$68K$31K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $396K$93K$303K$3.8M 990 PDF
FY2024 $587K$107K$480K$3.5M 990 PDF
FY2023 $526K$184K$343K$3.0M 990 PDF
FY2022 Viewing $467K$68K$399K$2.7M 990 PDF
FY2021 $385K$71K$313K$2.3M 990 PDF
FY2020 $269K$94K$175K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $466,531 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $361,923$438,476
I-9 Program service revenuePrior year $8,347$13,202
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $14,313$14,853
I-12 Total revenuePrior year $384,583$466,531
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $71,201$67,972
I-18 Total expensesPrior year $71,201$67,972
I-19 Revenue less expensesPrior year $313,382$398,559
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $466,531 across 6 lines filed
VIII-1e Government grants$402,786
VIII-1f All other contributions, gifts and grants$35,690
VIII-1h Total contributions, gifts and grants$438,476
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,202$13,202
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,853$14,853
VIII-12 Total revenueRelated to mission $28,055 · Unrelated business $0 · Excluded from tax $0$466,531
Part IX · Statement of functional expenses $67,972 across 3 lines filed
IX-11c Accounting feesManagement $3,600$3,600
IX-24 Other expenses (24a–d)Programs $29,526 · Management $29,949$59,475
IX-24e All other expensesPrograms $1,971 · Management $2,926$4,897
IX-25 Total functional expensesPrograms $31,497 · Management $36,475 · Fundraising $0$67,972
Part X · Balance sheet $2,677,605 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $68,120$22,354
X-2 Savings and temporary cash investmentsStart of year $484,927$498,296
X-3 Pledges and grants receivableStart of year $35,696$21,959
X-13 Program-related investmentsStart of year $1,688,766$2,134,996
X-16 Total assetsStart of year $2,277,509$2,677,605
X-17 Accounts payable and accrued expensesStart of year $9,612$11,149
X-26 Total liabilitiesStart of year $9,612$11,149
X-27 Net assets without donor restrictionsStart of year $2,185,460$2,567,154
X-28 Net assets with donor restrictionsStart of year $82,437$99,302
X-32 Total net assets or fund balancesStart of year $2,267,897$2,666,456
X-33 Total liabilities and net assetsStart of year $2,277,509$2,677,605
Part XI · Reconciliation of net assets $2,666,456 net assets at year end
XI-1 Total revenue$466,531
XI-2 Total expenses$67,972
XI-3 Revenue less expenses$398,559
XI-4 Net assets at start of year$2,267,897
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,666,456

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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