Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
43rd percentile
Faster asset growth than 43% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Assets
Down$4,691,832
Down $57,269 (-1.2%) from 2010
Net Assets
Up$493,405
Up $37,160 (+8.1%) from 2010
Liabilities
Down$4,198,427
Down $94,429 (-2.2%) from 2010
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$553,257
Down $60,715 (-9.9%) from 2010
Net Income
-
No earlier filing loaded for comparison.
Prg combines community-based affordable housing development with education and counseling to help all people and neighborhoods thrive. We accomplish our mission both by developing affordable housing in partnership with neighborhoods and other groups, and by educating and counseling first-time homebuyers and households at risk of foreclosure.
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReview | 0 | 0 |
| IRS990/AccountsPayableAccruedExpenses/BOY | 0 | 309489 |
| IRS990/AccountsPayableAccruedExpenses/EOY | 0 | 229165 |
| IRS990/AccountsReceivable/BOY | 0 | 48721 |
| IRS990/AccountsReceivable/EOY | 0 | 46125 |
| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/Activity2/Description | 0 | HOMEBUYER EDUCATION AND COUNSELING-IN 2011 PRG RAN 17 HOMEBUYER WORKSHOPS, SERVING 372 HOUSEHOLDS. PRGS PRE-PURCHASED COUNSELORS ADVISED 168 FAMILIES DURING THE YEAR. THESE SERVICES ARE 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 COMMUNITYS DIVERSITY. IN 2011:35% ARE HOUSEHOLDS OF COLOR.77% HAVE INCOMES UNDER 80% OF THE METRO AREA MEDIAN.42% HAVE INCOMES UNDER 50% OF THE AREA MEDIAN.FORECLOSURE COUNSELING:WE PROVIDED FREE, ONE-ON-ONE FORECLOSURE COUNSELING TO 244 FAMILIES, AN INCREASE OVER 2010. OF THOSE WHOSE CASES WERE RESOLVED IN 2011, 85% OF CLIENTS AVOIDED FORECLOSURE. MOST OF THOSE (84% OF THEM) 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:73% HAVE INCOMES UNDER 80% OF THE MEDIAN.43% HAVE INCOMES UNDER 50% OF THE MEDIAN.29% ARE HOUSEHOLDS OF COLOR. |
| IRS990/Activity2/Expense | 0 | 189874 |
| IRS990/Activity2/Revenue | 0 | 204881 |
| IRS990/ActivityOrMissionDescription | 0 | TO PROVIDE QUALITY, AFFORDABLE HOUSING AND RELATED SERVICES THAT INCREASE FAMILY SELF-SUFFICIENCY AND NEIGHBORHOOD STABILITY. |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | 2017 EAST 38TH STREET |
| IRS990/AddressPrincipalOfficerUS/City | 0 | MINNEAPOLIS |
| IRS990/AddressPrincipalOfficerUS/State | 0 | MN |
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| IRS990/AllOtherExpenses/ProgramServices | 0 | 534 |
| IRS990/AllOtherExpenses/Total | 0 | 670 |
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| IRS990/Description | 0 | REAL ESTATE DEVELOPMENT-PRG DEVELOPS AFFORDABLE SINGLE-FAMILY AND MULTI-FAMILY HOUSING IN RESPONSE TO REQUESTS FROM NEIGHBORHOODS, COMMUNITY ORGANIZATIONS, AND SOCIAL SERVICE PROVIDERS. INSTEAD OF TAKING A ONE-SIZE-FITS-ALL APPROACH, WE PLACE A PRIORITY ON SENSITIVITY TO WHAT OUR PARTNER GROUPS WANT AND NEED, AND WE ENGAGE WITH THE COMMUNITY THROUGHOUT THE DEVELOPMENT PROCESS. HISTORICALLY, THIS HAS MEANT CREATING SINGLE-FAMILY HOMES FOR OWNERSHIP AS WELL AS A RANGE OF TYPES OF MULTI-FAMILY AND SUPPORTIVE HOUSING. IN 2011, IN RESPONSE TO THE EFFECTS OF FORECLOSURES ON NEIGHBORHOODS, WE CONTINUED TO ALLOT THE MAJORITY OF OUR DEVELOPMENT CAPACITY TO REHABBING SINGLE-FAMILY, FORECLOSED HOMES, WHILE ALSO CONTINUING WITH ONGOING MULTI-FAMILY PROJECTS AS CONDITIONS ALLOWED.SINGLE FAMILY DEVELOPMENT:PRGS FORECLOSURE RECOVERY WORK TARGETS TWO NORTH MINNEAPOLIS NEIGHBORHOODS (HARRISON AND JORDAN), THE SOUTH MINNEAPOLIS PHILLIPS NEIGHBORHOOD AND THE SUBURBAN COMMUNITY OF BROOKLYN PARK. EACH OF THESE AREAS HAS BEEN SEVERELY IMPACTED BY THE FORECLOSURE CRISIS AND SOUGHT OUR ASSISTANCE.IN 2011, PRG ACQUIRED 10 LENDER-OWNED SINGLE-FAMILY HOMES IN NEED OF SIGNIFICANT REHABILITATION. INCLUDING THESE HOMES AS WELL AS HOMES ALREADY IN OUR CONSTRUCTION PIPELINE FROM 2010, WE COMPLETED CONSTRUCTION ON 14 HOMES. OF THOSE, WE CLOSED ON THE SALE OF 10 HOMES TO LOW- AND MODERATE-INCOME FIRST-TIME HOMEBUYERS. PRG HAS DONE EXTENSIVE OUTREACH TO SMALL AND MINORITY CONTRACTORS AND AS A RESULT HAS AWARDED THE MAJORITY OF ITS CONSTRUCTION CONTRACTS TO FIRMS OF THIS TYPE.PRG WILL CONTINUE TO FOCUS ON FORECLOSURE RECOVERY WORK IN 2012 AND EXPECTS TO HAVE A TOTAL OF APPROXIMATELY 20 HOMES IN THE REDEVELOPMENT PIPELINE THROUGHOUT THE YEAR.EMERSON TOWNHOMES:EMERSON TOWNHOMES IS A 12-UNIT NEW CONSTRUCTION DEVELOPMENT IN THE HERITAGE PARK AREA OF NORTH MINNEAPOLIS. AT THE END OF 2011, TWO UNITS REMAINED UNSOLD. SPIRIT ON LAKE:PRG ENTERED INTO AN AGREEMENT WITH EVERWOOD DEVELOPMENT TO CO-DEVELOP THIS 46-UNIT RENTAL PROJECT. 41 UNITS WILL BE AFFORDABLE TO HOUSEHOLDS EARNING LESS THAN 50% AMI AND 5 UNITS WILL BE SECTION 8. THE CONSTRUCTION ON THE CORNER OF 13TH AVENUE SOUTH AND EAST LAKE STREET IS EXPECTED TO BEGIN IN THE SUMMER OF 2012 AND IS BEING MARKETED TO THE AGING GLBT POPULATION. |
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| IRS990/LandBuildingsEquipmentBasis | 0 | 296880 |
| IRS990/LandBuildingsEquipmentBasisNet/BOY | 0 | 211873 |
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| IRS990/MissionDescription | 0 | PRG'S MISSION IS TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES THAT LEAD TO NEIGHBORHOOD STABILITY AND FAMILY SELF-SUFFICIENCY. WE ACCOMPLISH OUR MISSION BOTH BY DEVELOPING AFFORDABLE HOUSING IN PARTNERSHIP WITH NEIGHBORHOODS AND OTHER GROUPS, AND BY EDUCATING AND COUNSELING FIRST-TIME HOMEBUYERS AND HOUSEHOLDS AT RISK OF FORECLOSURE. |
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| IRS990/OtherExpenses/Description | 0 | HOLDING COSTS ON HOMES |
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| IRS990/SavingsAndTempCashInvestments/EOY | 0 | 50096 |
| IRS990ScheduleA/AmountsSubstContributorsTotal | 0 | 99770 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear | 0 | 68339 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year | 0 | 104923 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years | 0 | 267618 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years | 0 | 494952 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years | 0 | 98254 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/Total | 0 | 1034086 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear | 0 | 37 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year | 0 | 67 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years | 0 | 706 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years | 0 | 3854 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years | 0 | 6751 |
| IRS990ScheduleA/GrossInvestmentIncome170/Total | 0 | 11415 |
| IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc | 0 | 1922764 |
| IRS990ScheduleA/PubliclySupportedOrg170b1Avi | 0 | X |
| IRS990ScheduleA/PublicSupportPertcentage170 | 0 | 0.89370 |
| IRS990ScheduleA/PublicSupportPertcentPriorYear | 0 | 0.90950 |
| IRS990ScheduleA/PublicSupportTotal170 | 0 | 934316 |
| IRS990ScheduleA/ThirtyThreePercntTestsCY170 | 0 | X |
| IRS990ScheduleA/Total170/CurrentTaxYear | 0 | 68339 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year | 0 | 104923 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years | 0 | 267618 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years | 0 | 494952 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years | 0 | 98254 |
| IRS990ScheduleA/Total170/Total | 0 | 1034086 |
| IRS990ScheduleA/TotalSupport | 0 | 1045501 |
| IRS990ScheduleB/ContributorInfo/AggregateContributions | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNumber | 0 | RESTRICTED |
| IRS990/ScheduleBRequired | 0 | 1 |
| IRS990ScheduleD/Buildings/BookValue | 0 | 160552 |
| IRS990ScheduleD/Buildings/Depreciation | 0 | 76929 |
| IRS990ScheduleD/Buildings/OtherCostOrOtherBasis | 0 | 237481 |
| IRS990ScheduleD/DonatedServicesUseOfFacilities | 0 | 25000 |
| IRS990ScheduleD/DonatedSrvcAndUseOfFacilities | 0 | 25000 |
| IRS990ScheduleD/Equipment/BookValue | 0 | 2772 |
| IRS990ScheduleD/Equipment/Depreciation | 0 | 17055 |
| IRS990ScheduleD/Equipment/OtherCostOrOtherBasis | 0 | 19827 |
| IRS990ScheduleD/ExcessOrDeficitForYear | 0 | -67492 |
| IRS990ScheduleD/ExcessOrDeficitPerFS | 0 | 37160 |
| IRS990ScheduleD/ExpensesNotRptdF990 | 0 | 25000 |
| IRS990ScheduleD/ExpensesNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotal | 0 | 553257 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | PRG IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE MINNESOTA STATUTES AND IS SUBJECT TO INCOME TAXES ONLY ON NET UNRELATED BUSINESS INCOME. PRG IS NOT CURRENTLY UNDER EXAMINATION BY AY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE THE PREVIOUS THREE YEARS OF INCOME TAX RETURNS. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 1 | INCREASE IN VALUE OF HOMES AVAILABLE FOR SALE 104,652. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 1 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 0 | PART X: |
| IRS990ScheduleD/Land/BookValue | 0 | 39572 |
| IRS990ScheduleD/Land/OtherCostOrOtherBasis | 0 | 39572 |
| IRS990ScheduleD/NetUnrealizedGLOnInvestments | 0 | 104652 |
| IRS990ScheduleD/OtherAssets/BookValue | 0 | 741101 |
| IRS990ScheduleD/OtherAssets/BookValue | 1 | 203091 |
| IRS990ScheduleD/OtherAssets/Description | 0 | CONTRACTS FOR DEED |
| IRS990ScheduleD/OtherAssets/Description | 1 | ESCROW DEPOSITS |
| IRS990ScheduleD/OtherRevenues | 0 | 104652 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 129652 |
| IRS990ScheduleD/RevenueNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 485765 |
| IRS990ScheduleD/TotalAdjustments | 0 | 104652 |
| IRS990ScheduleD/TotalBookValueOtherAssets | 0 | 944192 |
| IRS990ScheduleD/TotalExpenses | 0 | 553257 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 553257 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 202896 |
| IRS990ScheduleD/TotalRevenue | 0 | 485765 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 485765 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 578257 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 615417 |
| IRS990/ScheduleJRequired | 0 | 0 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | PRG'S EXECUTIVE DIRECTOR, FINANCE MANAGER, COMMUNICATION'S MANAGER, AND THE GOVERNING BOARD RECEIVE COPIES OF THE 990 AND REVIEW IT PRIOR TO FILING. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE BOARD OF DIRECTORS, WITH THE RECOMMENDATION OF THE PERSONNEL COMMITTEE, SET THE COMPENSATION OF THE EXECUTIVE DIRECTOR. A SALARY AND BENEFITS SURVEY ASSISTS IN DETERMINING THE COMPENSATION OF SIMILAR ORGANIZATIONS/POSITIONS. THE PERSONNEL COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE REVIEW AT WHICH TIME ADJUSTMENTS ARE MADE. THE MINNESOTA COUNCIL OF NON-PROFITS SALARY AND BENEFIT SURVEY IS UTILIZED IN DETERMINING THE COMPENSATION OF SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS. ADDITIONALLY, ALL EMPLOYEES ARE SUBJECT TO AN ANNUAL PERFORMANCE REVIEW AT WHICH TIME ADJUSTMENTS ARE MADE BASED ON PERFORMANCE, ORGANIZATIONAL FINANCES, AND THE EXTERNAL ENVIRONMENT. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | GOVERNING DOCUMENTS, THE 990, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | INCREASE IN VALUE OF HOMES AVAILABLE FOR SALE |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | CHANGE IN NET ASSETS |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART XI, LINE 2C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART XI, LINE 5 |
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Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.