Civic Intelligence

Prg Inc.

990 • Fiscal year 2011 • EIN 41-1280596

Jan 01, 2011 to Dec 31, 2011 • Filed on Jun 27, 2012

2017 East 38th Street55407
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.89x

Higher debt load relative to assets than 88% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

43rd percentile

-1.2%

Faster asset growth than 43% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

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.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $4,749,101Liabilities 2010: $4,292,856Net Assets 2010: $456,2452010Assets 2011: $4,691,832Liabilities 2011: $4,198,427Net Assets 2011: $493,4052011Assets 2012: $4,641,105Liabilities 2012: $4,117,884Net Assets 2012: $523,2212012Assets 2013: $4,572,251Liabilities 2013: $3,892,094Net Assets 2013: $680,1572013Assets 2014: $4,146,237Liabilities 2014: $3,396,193Net Assets 2014: $750,0442014Assets 2015: $3,243,048Liabilities 2015: $2,452,142Net Assets 2015: $790,9062015Assets 2016: $3,448,043Liabilities 2016: $2,638,081Net Assets 2016: $809,9622016Assets 2017: $3,082,138Liabilities 2017: $1,956,499Net Assets 2017: $1,125,6392017Assets 2018: $3,041,112Liabilities 2018: $1,784,618Net Assets 2018: $1,256,4942018Assets 2019: $4,173,622Liabilities 2019: $2,780,089Net Assets 2019: $1,393,5332019Assets 2020: $3,528,839Liabilities 2020: $2,042,967Net Assets 2020: $1,485,8722020Assets 2021: $3,709,153Liabilities 2021: $2,047,990Net Assets 2021: $1,661,1632021Assets 2022: $4,226,956Liabilities 2022: $2,493,998Net Assets 2022: $1,732,9582022Assets 2023: $4,216,429Liabilities 2023: $2,299,070Net Assets 2023: $1,917,3592023Assets 2024: $5,403,864Liabilities 2024: $3,437,833Net Assets 2024: $1,966,0312024

Highlighted filing

2011

Assets$4,691,832
Liabilities$4,198,427
Net Assets$493,405

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0Expenses 2010: $613,9722010Expenses 2011: $553,2572011Expenses 2012: $578,0482012Revenue 2013: $1,012,501Expenses 2013: $855,565Net Income 2013: $156,9362013Revenue 2014: $792,547Expenses 2014: $722,660Net Income 2014: $69,8872014Revenue 2015: $844,318Expenses 2015: $803,456Net Income 2015: $40,8622015Revenue 2016: $585,092Expenses 2016: $566,036Net Income 2016: $19,0562016Revenue 2017: $905,063Expenses 2017: $589,386Net Income 2017: $315,6772017Revenue 2018: $703,455Expenses 2018: $661,090Net Income 2018: $42,3652018Revenue 2019: $827,222Expenses 2019: $690,183Net Income 2019: $137,0392019Revenue 2020: $817,960Expenses 2020: $725,621Net Income 2020: $92,3392020Revenue 2021: $971,147Expenses 2021: $795,856Net Income 2021: $175,2912021Revenue 2022: $927,500Expenses 2022: $855,705Net Income 2022: $71,7952022Revenue 2023: $1,035,017Expenses 2023: $850,616Net Income 2023: $184,4012023Revenue 2024: $1,294,071Expenses 2024: $1,245,399Net Income 2024: $48,6722024

Highlighted filing

2011

Revenue-
Expenses$553,257
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Jun 27, 2012
Return Version
2011v1.2
Gross Receipts
$2,967,857
Mission and Program Overview

Mission

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.

Major Activities

Activity 2
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.
Filing and Contact Details

Filer

EIN
41-1280596
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IRS990/Activity2/Description0HOMEBUYER 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.
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IRS990/ActivityOrMissionDescription0TO PROVIDE QUALITY, AFFORDABLE HOUSING AND RELATED SERVICES THAT INCREASE FAMILY SELF-SUFFICIENCY AND NEIGHBORHOOD STABILITY.
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IRS990/Description0REAL 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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IRS990ScheduleA/AmountsSubstContributorsTotal099770
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear068339
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year0104923
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years0267618
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years0494952
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years098254
IRS990ScheduleA/GiftsGrantsContribReceived170/Total01034086
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear037
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year067
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years0706
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years03854
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years06751
IRS990ScheduleA/GrossInvestmentIncome170/Total011415
IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc01922764
IRS990ScheduleA/PubliclySupportedOrg170b1Avi0X
IRS990ScheduleA/PublicSupportPertcentage17000.89370
IRS990ScheduleA/PublicSupportPertcentPriorYear00.90950
IRS990ScheduleA/PublicSupportTotal1700934316
IRS990ScheduleA/ThirtyThreePercntTestsCY1700X
IRS990ScheduleA/Total170/CurrentTaxYear068339
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year0104923
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years0267618
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years0494952
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years098254
IRS990ScheduleA/Total170/Total01034086
IRS990ScheduleA/TotalSupport01045501
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired01
IRS990ScheduleD/Buildings/BookValue0160552
IRS990ScheduleD/Buildings/Depreciation076929
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis0237481
IRS990ScheduleD/DonatedServicesUseOfFacilities025000
IRS990ScheduleD/DonatedSrvcAndUseOfFacilities025000
IRS990ScheduleD/Equipment/BookValue02772
IRS990ScheduleD/Equipment/Depreciation017055
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis019827
IRS990ScheduleD/ExcessOrDeficitForYear0-67492
IRS990ScheduleD/ExcessOrDeficitPerFS037160
IRS990ScheduleD/ExpensesNotRptdF990025000
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal0553257
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0PRG 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/Explanation1INCREASE IN VALUE OF HOMES AVAILABLE FOR SALE 104,652.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART X:
IRS990ScheduleD/Land/BookValue039572
IRS990ScheduleD/Land/OtherCostOrOtherBasis039572
IRS990ScheduleD/NetUnrealizedGLOnInvestments0104652
IRS990ScheduleD/OtherAssets/BookValue0741101
IRS990ScheduleD/OtherAssets/BookValue1203091
IRS990ScheduleD/OtherAssets/Description0CONTRACTS FOR DEED
IRS990ScheduleD/OtherAssets/Description1ESCROW DEPOSITS
IRS990ScheduleD/OtherRevenues0104652
IRS990ScheduleD/RevenueNotRptdF9900129652
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal0485765
IRS990ScheduleD/TotalAdjustments0104652
IRS990ScheduleD/TotalBookValueOtherAssets0944192
IRS990ScheduleD/TotalExpenses0553257
IRS990ScheduleD/TotalExpensesPerForm9900553257
IRS990ScheduleD/TotalOfBookValueLandBuildings0202896
IRS990ScheduleD/TotalRevenue0485765
IRS990ScheduleD/TotalRevenuePerForm9900485765
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt0578257
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0615417
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0PRG'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/Explanation1THE 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/Explanation2GOVERNING DOCUMENTS, THE 990, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation4INCREASE IN VALUE OF HOMES AVAILABLE FOR SALE
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGE IN NET ASSETS
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XI, LINE 2C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XI, LINE 5

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.40$3.44$1.97$1.29$1.25$0.05
2023Detailed filing. Detailed filing data is available for this year.$4.22$2.30$1.92$1.04$0.85$0.18
2022Detailed filing. Detailed filing data is available for this year.$4.23$2.49$1.73$0.93$0.86$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.71$2.05$1.66$0.97$0.80$0.18
2020Detailed filing. Detailed filing data is available for this year.$3.53$2.04$1.49$0.82$0.73$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.17$2.78$1.39$0.83$0.69$0.14
2018Detailed filing. Detailed filing data is available for this year.$3.04$1.78$1.26$0.70$0.66$0.04
2017Detailed filing. Detailed filing data is available for this year.$3.08$1.96$1.13$0.91$0.59$0.32
2016Detailed filing. Detailed filing data is available for this year.$3.45$2.64$0.81$0.59$0.57$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.24$2.45$0.79$0.84$0.80$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.15$3.40$0.75$0.79$0.72$0.07
2013Detailed filing. Detailed filing data is available for this year.$4.57$3.89$0.68$1.01$0.86$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.64$4.12$0.52$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.69$4.20$0.49$0.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.75$4.29$0.46$0.61