Prg Inc.

Filing Period

Jan 1, 2010 to Dec 31, 2010

Signed

May 18, 2011

Return Version

2010v3.2

Gross Receipts

$3,092,210

Mission

Major Activities

Activity 2

Homebuyer education and counselingin 2010, prg ran 16 homebuyer workshops serving 355 households and making prg the largest provider of this program in the state of minnesota. Prg's pre-purchased counselors advised 162 families during the year - a 46% increase over the previous year.this program is available to all clients seeking independent, confidential counseling and information; however, we place a high priority on marketing our services to first-time homebuyers and members of underserved groups. We attend community events and partner with a variety of community organizations. As a result of these outreach efforts, the statistics about the clients we serve reflect the community's diversity. In 2010: - 37% are households of color.- 74% are first-time homebuyers.- 15% are first-generation homebuyers.- 8 in 10 have incomes under 80% of the metro area median.- about 4 in 10 have incomes under 50% of the area median.foreclosure counselingdue to funding cuts, in october 2010 we had to reduce our forclosure program staffing by .5 fte.in response, we have placed more empahsis on efficient 'triage' of homeowners who seek our services, and we've begun to hold group education workshops, these give basic information on foreclosure and on the loan modification process, and are geared to clients who are still current on their mortgage but are worried about their future ability to keep up. This allows our counselors to keep providing intensive advocacy and follow-up with those whose situations are more urgent or who need more specific assistance.as a result, we counseled 233 households in 2010 - an increase over 2009. Of those whose outcomes are known, over 80% were able to avoid foreclosure, and the vast majority of those were able to stay in their homes. As a result of our targeted outreach and our long-term relationships with community organizations, a large percentage of those we serve are members of underserved groups:- 82% have incomes under 80% of the median.- 50% have incomes under 50% of the median. - 27% are households of color.

Activity 3

Marketingthis program is utilized for effectively marketing the sale of prg units as well as the city of minneapolis how homes.

Filer

EIN

41-1280596