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
41st percentile
Faster asset growth than 41% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Assets
Down$4,641,105
Down $50,727 (-1.1%) from 2011
Net Assets
Up$523,221
Up $29,816 (+6.0%) from 2011
Liabilities
Down$4,117,884
Down $80,543 (-1.9%) from 2011
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$578,048
Up $24,791 (+4.5%) from 2011
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 | 229165 |
| IRS990/AccountsPayableAccruedExpenses/EOY | 0 | 189568 |
| IRS990/AccountsReceivable/BOY | 0 | 46125 |
| IRS990/AccountsReceivable/EOY | 0 | 31029 |
| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/Activity2/Description | 0 | HOMEBUYER EDUCATION AND COUNSELINGIN 2012 PRG RAN 16 HOMEBUYER WORKSHOPS, SERVING 430 HOUSEHOLDS. PRG'S PRE-PURCHASED COUNSELORS ADVISED 162 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 COMMUNITY'S DIVERSITY. IN 2012: - 36% ARE HOUSEHOLDS OF COLOR. - 32% HAVE INCOMES UNDER 80% OF THE METRO AREA MEDIAN. - 50% HAVE INCOMES UNDER 50% OF THE AREA MEDIAN.FORECLOSURE COUNSELING:WE PROVIDED FREE, ONE-ON-ONE FORECLOSURE COUNSELING TO 142 FAMILIES. OF THOSE WHOSE CASES WERE RESOLVED IN 2011, 92% OF CLIENTS AVOIDED FORECLOSURE. 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: - 32% HAVE INCOMES UNDER 80% OF THE MEDIAN. - 50% HAVE INCOMES UNDER 50% OF THE MEDIAN. - 38% ARE HOUSEHOLDS OF COLOR |
| IRS990/Activity2/Expense | 0 | 212923 |
| IRS990/Activity2/Revenue | 0 | 222347 |
| 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 |
| IRS990/AddressPrincipalOfficerUS/ZIPCode | 0 | 55407 |
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| IRS990/Description | 0 | REAL ESTATE DEVELOPMENTPRG 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 2012, 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 DEVELOPMENTPRG'S FORECLOSURE RECOVERY WORK TARGETS TWO NORTH MINNEAPOLIS NEIGHBORHOODS (HARRISON AND JORDAN) AND THE SUBURBAN COMMUNITY OF BROOKLYN PARK. EACH OF THESE AREAS HAS BEEN SEVERELY IMPACTED BY THE FORECLOSURE CRISIS AND SOUGHT OUR ASSISTANCE.IN 2012, PRG ACQUIRED 17 LENDER-OWNED SINGLE-FAMILY HOMES IN NEED OF SIGNIFICANT REHABILITATION. OVER THE COURSE OF THE YEAR WE COMPLETED CONSTRUCTION ON 13 HOMES, AND WE SOLD OR WERE UNDER CONTRACT TO SELL 15 HOMES TO LOW- AND MODERATE-INCOME FIRST-TIME HOMEBUYERS (INCLUDING SOME OF THE HOMES ACQUIRED IN 2012, AS WELL AS SOME ALREADY IN OUR CONSTRUCTION PIPELINE FROM 2011). IN 2012, WE ALSO SECURED FUNDING FOR OUR FIRST ROUND OF CONSTRUCTION THROUGH THE GREEN HOMES NORTH PROGRAM, WHICH WILL RESULT IN THE INFILL NEW CONSTRUCTION OF FOUR SINGLE-FAMILY HOMES IN THE HARRISON AND JORDAN NEIGHBORHOODS. 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 2013 AND EXPECTS TO COMPLETE THE END-SALE OF APPROXIMATELY 17 SINGLE-FAMILY HOMES THIS YEAR.EMERSON TOWNHOMES:EMERSON TOWNHOMES IS A 12-UNIT NEW CONSTRUCTION DEVELOPMENT IN THE HERITAGE PARK AREA OF NORTH MINNEAPOLIS. IN 2012, WE SOLD THE FINAL TWO UNITS TO QUALIFIED BUYERS. SPIRIT ON LAKE:PRG HAS BEEN DEDICATED TO THIS PROJECT OVER MANY YEARS, BRINGING TO FRUITION THE VISION OF GLBT GENERATIONS AND SPIRIT OF THE LAKES CHURCH TO CREATE AFFORDABLE HOUSING WELCOMING TO THE AGING GLBT COMMUNITY. IN 2012 WE CLOSED ON CONSTRUCTION FINANCING AND BEGAN CONSTRUCTION IN PARTNERSHIP WITH EVERWOOD DEVELOPMENT. THE PROJECT WILL RESULT IN 41 APARTMENTS AFFORDABLE AT 50% AMI AND 5 APARTMENTS TO SERVE RECENTLY HOMELESS INDIVIDUALS. WE ANTICIPATE CONSTRUCTION COMPLETION AND FULL OCCUPANCY BY THE END OF 2013. GREENWAY HEIGHTS:IN 2012 WE SECURED THE MAJORITY OF NECESSARY FUNDING FOR THIS PROJECT, WHICH WILL RESULT IN 42 LARGE FAMILY APARTMENTS IN THE PHILLIPS NEIGHBORHOOD. THE UNITS WILL BE AFFORDABLE TO HOUSEHOLDS EARNING LESS THAN 50% OF THE AREA MEDIAN INCOME. |
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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/ProgramServiceRevenue/TotalRevenueColumn | 1 | 222347 |
| IRS990/ProhibitedTaxShelterTrans | 0 | 0 |
| IRS990/QuidProQuoContributions | 0 | 0 |
| IRS990/ReconcilationOtherChanges | 0 | -104512 |
| IRS990/ReconcilationRevenueExpenses | 0 | 134328 |
| IRS990/RegularMonitoringEnforcement | 0 | 1 |
| IRS990/RelatedEntity | 0 | 1 |
| IRS990/RelatedOrgControlledEntity | 0 | 0 |
| IRS990/ReportFin48Footnote | 0 | 1 |
| IRS990/ReportInvestOthSecurities | 0 | 0 |
| IRS990/ReportLandBldgEquip | 0 | 1 |
| IRS990/ReportOtherAssets | 0 | 1 |
| IRS990/ReportOtherLiabilities | 0 | 0 |
| IRS990/ReportProgRelInvest | 0 | 0 |
| IRS990/Revenue | 0 | 396188 |
| IRS990/RevenuesLessExpensesCY | 0 | 134328 |
| IRS990/RevenuesLessExpensesPriorYear | 0 | -67492 |
| IRS990/SalariesEtcCurrentYear | 0 | 453614 |
| IRS990/SalariesEtcPriorYear | 0 | 411102 |
| IRS990/SavingsAndTempCashInvestments/BOY | 0 | 50096 |
| IRS990/SavingsAndTempCashInvestments/EOY | 0 | 50120 |
| IRS990ScheduleA/AmountsSubstContributorsTotal | 0 | 100439 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear | 0 | 93786 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year | 0 | 68339 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years | 0 | 104923 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years | 0 | 267618 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years | 0 | 494952 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/Total | 0 | 1029618 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear | 0 | 55 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year | 0 | 37 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years | 0 | 67 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years | 0 | 706 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years | 0 | 3854 |
| IRS990ScheduleA/GrossInvestmentIncome170/Total | 0 | 4719 |
| IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc | 0 | 2146282 |
| IRS990ScheduleA/PubliclySupportedOrg170b1Avi | 0 | X |
| IRS990ScheduleA/PublicSupportPertcentage170 | 0 | 0.89830 |
| IRS990ScheduleA/PublicSupportPertcentPriorYear | 0 | 0.89370 |
| IRS990ScheduleA/PublicSupportTotal170 | 0 | 929179 |
| IRS990ScheduleA/ThirtyThreePercntTestsCY170 | 0 | X |
| IRS990ScheduleA/Total170/CurrentTaxYear | 0 | 93786 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year | 0 | 68339 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years | 0 | 104923 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years | 0 | 267618 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years | 0 | 494952 |
| IRS990ScheduleA/Total170/Total | 0 | 1029618 |
| IRS990ScheduleA/TotalSupport | 0 | 1034337 |
| 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 | 154386 |
| IRS990ScheduleD/Buildings/Depreciation | 0 | 80500 |
| IRS990ScheduleD/Buildings/OtherCostOrOtherBasis | 0 | 234886 |
| IRS990ScheduleD/Equipment/BookValue | 0 | 3797 |
| IRS990ScheduleD/Equipment/Depreciation | 0 | 9969 |
| IRS990ScheduleD/Equipment/OtherCostOrOtherBasis | 0 | 13766 |
| IRS990ScheduleD/ExpensesNotRptdF990 | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotal | 0 | 578048 |
| IRS990ScheduleD/FootnoteInPartXIII | 0 | X |
| IRS990ScheduleD/Form990ScheduleDPartXIII/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/Form990ScheduleDPartXIII/Explanation | 1 | SPIRIT ON LAKE DEVELOPMENT FEES 48,750. SPIRIT ON LAKE GRANT INCOME 31,667. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 1 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 0 | PART X, LINE 2: |
| IRS990ScheduleD/Land/BookValue | 0 | 39572 |
| IRS990ScheduleD/Land/OtherCostOrOtherBasis | 0 | 39572 |
| IRS990ScheduleD/OtherAssets/BookValue | 0 | 631995 |
| IRS990ScheduleD/OtherAssets/BookValue | 1 | 281934 |
| IRS990ScheduleD/OtherAssets/Description | 0 | CONTRACTS FOR DEED |
| IRS990ScheduleD/OtherAssets/Description | 1 | ESCROW DEPOSITS |
| IRS990ScheduleD/OtherRevenuesNotIncluded | 0 | 80417 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 0 |
| IRS990ScheduleD/RevenueNotRptdOnFinStmt | 0 | 80417 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 631959 |
| IRS990ScheduleD/TotalBookValueOtherAssets | 0 | 913929 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 578048 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 197755 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 712376 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 578048 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 631959 |
| 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 COMPLETE A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | 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 | 3 | GOVERNING DOCUMENTS, THE 990, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | DEBT FORGIVENESS - SPIRIT ON LAKE 55,000. WRITE OFF INVENTORY - SPIRIT ON LAKE -159,512. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | CHANGES IN NET ASSETS OR FUND BALANCES: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
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Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.