Ahead Inc

Ottumwa, IA   |  WWW.AREA15RPC.COM

Mission

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.

Ruling year info

1995

Principal Officer

CHRIS BOWERS

Main address

PO Box 1110

Ottumwa, IA 52501

EIN

42-1446447

NTEE code info

Other Housing, Shelter N.E.C. (L99)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: IRS Form 990

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Program 1

FISCAL YEAR 2011 WAS OUR FIRST YEAR AS PART OF THE REGIONAL HOUSING TRUST FUND. IN F/Y 2018 WE PROVIDED TENANT RENTAL AND HOMEOWNER UTILITY ASSISTANCE TO SEVERAL HUNDRED QUALIFIED LOW INCOME HOUSEHOLDS. RENTAL AND UTILITY ASSISTANCE FUNDS WERE FUNNELED THROUGH THE COUNTY GENERAL REFIEF DIRECTORS, WHO DISPERSED THESE FUNDS TO RECIPIENTS. AS OF JUNE 30, 2019, THERE ARE 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, AS OF JUNE 30, 2019, THERE ARE OUTSTANDING LOANS TO DIFFERENT HABITAT FOR HUMANITIES AND TO ADDITIONAL NON-PROFIT, FOR CONSTRUCTING OR REPAIRING HOMES IN THE COMMUNITY.

Expenses
$39,943
Revenue
$7,880

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Financials

Ahead Inc
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Operations

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This organization has no recorded board members.