Civic Intelligence

Prg Inc.

990 • Fiscal year 2018 • EIN 41-1280596

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 09, 2019

2017 East 38th StreetMinneapolis, MN 55407

(612) 721-7556

Siviq Scores

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

Liabilities / Assets

84th percentile

0.59x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

2.54x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

58th percentile

6.0%

Higher net margin than 58% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

75th percentile

$118,303

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

40th percentile

-1.3%

Faster asset growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-22%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,041,112

Down $41,026 (-1.3%) from 2017

Net Assets

Up

$1,256,494

Up $130,855 (+12%) from 2017

Liabilities

Down

$1,784,618

Down $171,881 (-8.8%) from 2017

Revenue

Down

$703,455

Down $201,608 (-22%) from 2017

Expenses

Up

$661,090

Up $71,704 (+12%) from 2017

Net Income

Down

$42,365

Down $273,312 (-87%) from 2017

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

2018

Assets$3,041,112
Liabilities$1,784,618
Net Assets$1,256,494

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

2018

Revenue$703,455
Expenses$661,090
Net Income$42,365
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 9, 2019
Return Version
2018v3.1
Gross Receipts
$2,440,568
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$1,273,364$1,171,756▼ $101,608
Cash and Non-Interest-Bearing Accounts$288,640$341,480▲ $52,840
Land, Buildings, and Equipment, Net$179,215$173,966▼ $5,249
Savings and Temporary Cash Investments$105,263$155,329▲ $50,066
Investments Program Related$114,251$114,251→ $0
Pledges and Grants Receivable-$104,026-
Accounts Receivable$42,931$61,196▲ $18,265
Prepaid Expenses and Deferred Charges$6,646$4,881▼ $1,765
Total Assets$3,082,138$3,041,112▼ $41,026
Other Assets Total$1,071,828$914,227▼ $157,601
Liabilities
Other Liabilities$964,313$1,157,970▲ $193,657
Mortgage Notes Payable Secured by Investment Property$770,829$410,172▼ $360,657
Accounts Payable and Accrued Expenses$220,798$176,525▼ $44,273
Deferred Revenue$559$39,951▲ $39,392
Total Liabilities$1,956,499$1,784,618▼ $171,881
Net Assets / Fund Balance
Temporarily Rstr Net Assets$739,969$770,421▲ $30,452
Unrestricted Net Assets$385,670$486,073▲ $100,403
Total Net Assets Fund Balance$1,125,639$1,256,494▲ $130,855
Total Liabilities and Net Assets / Fund Balance$3,082,138$3,041,112▼ $41,026

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$127,764$119,945$247,709
Equipment$6,630$37,067$43,697
Land$39,572-$39,572
Other Assets Org$100,088--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathryn Wetzel-mastelExecutive DirectorFT$104,640$13,663$118,303

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$159,233
Program Service Revenue
$503,047
Investment Income
$41,175
Other Revenue
$0
All Other Contributions
$129,233
Change in Net Assets
$42,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$495,821
Other Expenses$165,269
Total Fundraising Expense$19,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$265,268$36,850$10,549$312,667
Current Officers, Directors, Trustees, and Key Employees$79,263$35,491$3,549$118,303
Payroll Taxes$26,260$5,548$1,062$32,870
Other Employee Benefits$28,012$3,007$962$31,981
Office Expenses$26,022$3,731$680$30,433
Interest$6,640$10,707$255$17,602
Occupancy$12,646$2,560$449$15,655
Advertising$13,842$128$128$14,098
Insurance$11,192$1,764$351$13,307
Fees for Services Accounting$1,050$12,000-$13,050
Depreciation Depletion$8,646$1,566$400$10,612
Fees for Services Other$7,750$2,076$87$9,913
Other Expenses$4,054$194$79$4,327
All Other Expenses$2,542$1,104$254$3,900
Travel$1,691$62$6$1,759
Total Functional Expenses$523,249$118,784$19,057$661,090
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Forgivable and Recoverable Grants$1,157,970
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Prg's executive director, finance manager, and the governing board receive copies of the 990 and review it prior to filing.

Form 990, Part VI, Section B, Line 12C

The board of directors complete a conflict of interest form on an annual basis.

Form 990, Part VI, Section B, Line 15

The personnel committee utilizes the minnesota council of nonprofit's annual salary and benefits survey in determining compensation level. The executive director utilizes the minnesota council of nonprofit's annual salary and benefits survey in determining compensation level.

Form 990, Part VI, Section C, Line 19

Governing documents, the 990, and audited financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Prg Inc
EIN
41-1280596
Phone
6127217556
Address
2017 EAST 38TH STREET, MINNEAPOLIS, MN 55407

Signing Officer

Name
Kathy Wetzel-mastel
Title
Executive Director
Phone
6127217556
Signed
2019-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Wetzel-mastel
Formed
1976
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
12
Volunteers
16

Preparer

Firm
Mahoneyulbrichchristiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Rozalyn Z Allyson
Phone
6512276695
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

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.

Raw XML AppendixShowing 400 of 628 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0PRG 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.
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IRS990/Desc0REAL 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 2018, WE CONTINUED TO ALLOT THE MAJORITY OF OUR DEVELOPMENT CAPACITY TO REHABBING SINGLE-FAMILY, FORECLOSED HOMES AND CONSTRUCTING NEW SINGLE-FAMILY HOMES.SINGLE FAMILY DEVELOPMENTPRG WORKS AT THE REQUEST OF COMMUNITY GROUPS IN THE CORE NEIGHBORHOODS OF MINNEAPOLIS WHICH WERE SEVERELY IMPACTED BY THE FORECLOSURE CRISIS AND DISINVESTMENT. IN 2018 PRG ACQUIRED 3 LENDER- OR CITY-OWNED SINGLE-FAMILY HOMES IN NEED OF SIGNIFICANT REHABILITATION. FIVE CITY-OWNED VACANT LOTS WERE ACQUIRED FOR NEW CONSTRUCTION, CONTINUING OUR LONGSTANDING PARTNERSHIP WITH THE PHILLIPS NEIGHBORHOODS OF SOUTH MINNEAPOLIS. EIGHTY-THREE PERCENT OF HOMES SOLD OVER THE YEAR WERE PURCHASED BY HOUSEHOLDS OF COLOR.IN 2018, 100% OF PRG'S CONSTRUCTION CONTRACTS WERE AWARDED TO BUSINESSES OWNED AND OPERATED BY PEOPLE OF COLOR OR WOMEN.MULTI-FAMILY DEVELOPMENTTHERE WE NO NEW MULTI-FAMILY DEVELOPMENTS IN 2018, HOWEVER 88 VERY LOW-INCOME HOUSEHOLD OCCUPY OUR PREVIOUS DEVELOPMENTS.
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IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt041009
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt030000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01778122
IRS990/GrossReceiptsAmt02440568
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0351
IRS990/InsuranceGrp/ManagementAndGeneralAmt01764
IRS990/InsuranceGrp/ProgramServicesAmt011192
IRS990/InsuranceGrp/TotalAmt013307
IRS990/InterestGrp/FundraisingAmt0255
IRS990/InterestGrp/ManagementAndGeneralAmt010707
IRS990/InterestGrp/ProgramServicesAmt06640
IRS990/InterestGrp/TotalAmt017602
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01273364
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01171756
IRS990/InvestmentIncomeGrp/ExclusionAmt0166
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0166
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0114251
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0114251
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0157012
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0179215
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0173966
IRS990/LandBldgEquipCostOrOtherBssAmt0330978
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01737113
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PRG 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0770829
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0410172
IRS990/NetAssetsOrFundBalancesBOYAmt01125639
IRS990/NetAssetsOrFundBalancesEOYAmt01256494
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt041009
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt041009
IRS990/NetUnrelatedBusTxblIncmAmt0626
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0449
IRS990/OccupancyGrp/ManagementAndGeneralAmt02560
IRS990/OccupancyGrp/ProgramServicesAmt012646
IRS990/OccupancyGrp/TotalAmt015655
IRS990/OfficeExpensesGrp/FundraisingAmt0680
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03731
IRS990/OfficeExpensesGrp/ProgramServicesAmt026022
IRS990/OfficeExpensesGrp/TotalAmt030433
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01071828
IRS990/OtherAssetsTotalGrp/EOYAmt0914227
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0962
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03007
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028012
IRS990/OtherEmployeeBenefitsGrp/TotalAmt031981
IRS990/OtherExpensesGrp/Desc0PROVISION FOR INVENTORY
IRS990/OtherExpensesGrp/Desc1MISC & PROJECT EXPENSES
IRS990/OtherExpensesGrp/Desc2CREDIT REPORT FEES
IRS990/OtherExpensesGrp/Desc3EDUCATION AND TRAINING
IRS990/OtherExpensesGrp/FundraisingAmt0246
IRS990/OtherExpensesGrp/FundraisingAmt179
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01996
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1194
IRS990/OtherExpensesGrp/ProgramServicesAmt015500
IRS990/OtherExpensesGrp/ProgramServicesAmt16352
IRS990/OtherExpensesGrp/ProgramServicesAmt26519
IRS990/OtherExpensesGrp/ProgramServicesAmt34054
IRS990/OtherExpensesGrp/TotalAmt015500
IRS990/OtherExpensesGrp/TotalAmt18594
IRS990/OtherExpensesGrp/TotalAmt26519
IRS990/OtherExpensesGrp/TotalAmt34327
IRS990/OtherLiabilitiesGrp/BOYAmt0964313
IRS990/OtherLiabilitiesGrp/EOYAmt01157970
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010549
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036850
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0265268
IRS990/OtherSalariesAndWagesGrp/TotalAmt0312667
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01062
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05548
IRS990/PayrollTaxesGrp/ProgramServicesAmt026260
IRS990/PayrollTaxesGrp/TotalAmt032870
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0104026
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06646
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04881
IRS990/PrincipalOfficerNm0KATHY WETZEL-MASTEL
IRS990/PriorPeriodAdjustmentsAmt088490
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0HOME BUYER COUNSELING
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPMENT/MARKETING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0293015
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1210032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0293015
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1210032
IRS990/ProgSrvcAccomActy2Grp/Desc0HOMEBUYER EDUCATION/COUNSELING AND FINANCIAL COACHINGHOMEBUYING EDUCATION AND COUNSELING SERVICES ARE AVAILABLE TO ALL CLIENTS SEEKING INDEPENDENT, CONFIDENTIAL ASSISTANCE 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 IN ORDER TO INCREASE OUR IMPACT. IN 2018, PRG OFFERED 18 FIRST-TIME HOMEBUYER WORKSHOPS, SERVING 475 HOUSEHOLDS (78% OF ATTENDEES WERE HOUSEHOLDS OF COLOR). PRG'S PRE-PURCHASE ADVISORS AND FINANCIAL COACHES WORKED WITH 236 FAMILIES DURING THE YEAR (80% OF CLIENTS WERE HOUSEHOLDS OF COLOR). OF HOUSEHOLDS OF COLOR PARTICIPATING IN OUR PREPURCHASE SERVICES, 52% GO ON TO BUY A HOME WITHIN 3 YEARS AT A RATE OF APPROXIMATELY 275 PER YEAR.FORECLOSURE COUNSELINGPRG PROVIDED 40 FAMILIES WITH FREE, ONE-ON-ONE FORECLOSURE PREVENTION ASSISTANCE. OF THOSE WHOSE CASES WERE RESOLVED IN 2017, 73% OF CLIENTS AVOIDED FORECLOSURE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0289566
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0293015
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0388116
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt035018
IRS990/PYOtherExpensesAmt0171618
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0481929
IRS990/PYRevenuesLessExpensesAmt0315677
IRS990/PYSalariesCompEmpBnftPaidAmt0417768
IRS990/PYTotalExpensesAmt0589386
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0905063
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt042365
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0212384
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0105263
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0155329
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0159233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0388116
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt091130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0300758
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0139800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01079037
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0166
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt084
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt098
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt087
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt087
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0522
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02516133
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85770
IRS990ScheduleA/PublicSupportPY170Pct00.95380
IRS990ScheduleA/PublicSupportTotal170Amt0925902
IRS990ScheduleA/SubstantialContributorsTotAmt0153135
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0159233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0388116
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt091130
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0300758
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0139800
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01079037
IRS990ScheduleA/TotalSupportAmt01079559
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0127764
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0119945
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0247709
IRS990ScheduleD/EquipmentGrp/BookValueAmt06630
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037067
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043697
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt039572
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt039572
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0730055
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt184084
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2100088
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONTRACTS FOR DEED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEVELOPMENT FEE RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01157970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FORGIVABLE AND RECOVERABLE GRANTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PRG 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/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0173966
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0914227

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