Civic Intelligence

Prg Inc.

990 • Fiscal year 2020 • EIN 41-1280596

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 30, 2021

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

0.58x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

2.50x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

61st percentile

11%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

75th percentile

$116,237

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

6th percentile

-15%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

46th percentile

-1.1%

Faster revenue growth than 46% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$3,528,839

Down $644,783 (-15%) from 2019

Net Assets

Up

$1,485,872

Up $92,339 (+6.6%) from 2019

Liabilities

Down

$2,042,967

Down $737,122 (-27%) from 2019

Revenue

Down

$817,960

Down $9,262 (-1.1%) from 2019

Expenses

Up

$725,621

Up $35,438 (+5.1%) from 2019

Net Income

Down

$92,339

Down $44,700 (-33%) from 2019

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

2020

Assets$3,528,839
Liabilities$2,042,967
Net Assets$1,485,872

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

2020

Revenue$817,960
Expenses$725,621
Net Income$92,339
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 30, 2021
Return Version
2020v4.1
Gross Receipts
$3,958,661
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.

Prg combines community-based affordable housing development with education and advising 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 advising first-time homebuyers and households at risk of foreclosure.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$1,919,747$1,193,191▼ $726,556
Cash and Non-Interest-Bearing Accounts$838,603$909,461▲ $70,858
Savings and Temporary Cash Investments$185,517$185,618▲ $101
Land, Buildings, and Equipment, Net$174,838$170,535▼ $4,303
Investments Program Related$114,251$114,251→ $0
Accounts Receivable$65,784$97,769▲ $31,985
Pledges and Grants Receivable$77,700$72,726▼ $4,974
Prepaid Expenses and Deferred Charges$4,631$4,367▼ $264
Total Assets$4,173,622$3,528,839▼ $644,783
Other Assets Total$792,551$780,921▼ $11,630
Liabilities
Other Liabilities$1,704,268$1,018,254▼ $686,014
Mortgage Notes Payable Secured by Investment Property$883,048$738,250▼ $144,798
Accounts Payable and Accrued Expenses$145,648$155,063▲ $9,415
Unsecured Notes Loans Payable-$85,900-
Deferred Revenue$47,125$45,500▼ $1,625
Total Liabilities$2,780,089$2,042,967▼ $737,122
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$596,007$745,376▲ $149,369
Net Assets With Donor Restrictions$797,526$740,496▼ $57,030
Total Net Assets Fund Balance$1,393,533$1,485,872▲ $92,339
Total Liabilities and Net Assets / Fund Balance$4,173,622$3,528,839▼ $644,783

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$119,159$133,999$253,158
Equipment$11,804$44,091$55,895
Land$39,572-$39,572
Other Assets Org$52,462--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathryn Wetzel-mastelExecutive DirectorFT$101,240$14,997$116,237

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$242,785
Program Service Revenue
$580,380
Investment Income
$-5,205
Other Revenue
$0
All Other Contributions
$242,785
Change in Net Assets
$92,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$536,876
Other Expenses$188,745
Total Fundraising Expense$34,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$299,229$26,700$20,716$346,645
Current Officers, Directors, Trustees, and Key Employees$77,879$34,871$3,487$116,237
Other Employee Benefits$34,438$1,240$2,535$38,213
Payroll Taxes$29,325$4,599$1,857$35,781
Interest$15,663$7,683$273$23,619
Office Expenses$20,611$1,754$1,098$23,463
Fees for Services Accounting$1,161$16,500-$17,661
Occupancy$12,263$1,531$716$14,510
Insurance$9,830$999$485$11,314
Depreciation Depletion$9,517$1,182$556$11,255
Advertising$9,595$184$1,458$11,237
Other Expenses$4,879$1,494$247$6,620
Fees for Services Other$6,175$199$94$6,468
Travel$1,039$25-$1,064
All Other Expenses$1,026$26-$1,052
Total Functional Expenses$589,972$101,421$34,228$725,621
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$1,018,254
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 35% controlled entity
No
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
2021-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Wetzel-mastel
Formed
1976
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
11
Volunteers
15

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.

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IRS990/ActivityOrMissionDesc0PRG COMBINES COMMUNITY-BASED AFFORDABLE HOUSING DEVELOPMENT WITH EDUCATION AND ADVISING 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 ADVISING FIRST-TIME HOMEBUYERS AND HOUSEHOLDS AT RISK OF FORECLOSURE.
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IRS990/Desc0REAL 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 2020, WE CONTINUED TO ALLOT MOST OF OUR DEVELOPMENT CAPACITY TO DEVELOPING SINGLE-FAMILY HOMES IN OUR EFFORT TO NARROW THE RACIAL HOMEOWNERSHIP GAP. SINGLE FAMILY DEVELOPMENT 100% OF SINGLE-FAMILY CONSTRUCTION CONTRACTS AWARDED IN 2020 WENT TO BIPOC-OWNED BUSINESSES. OVER THE PAST 10 YEARS, PRG HAS AWARDED OVER $16.4 MILLION IN SINGLE FAMILY CONSTRUCTION CONTRACTS WITH 97% GOING TO SMALL, MINORITY- AND/OR WOMEN-OWNED BUSINESSES. SOLD 9 HOMES IN 2020, ALL PURCHASED BY HOUSEHOLDS OF COLOR, AND BRINGING THE 10-YEAR TOTAL TO 114. OF 2020 SALES, THE AVERAGE MEDIAN INCOME SERVED WAS 57%. MULTI-FAMILY DEVELOPMENT THERE WE NO NEW MULTI-FAMILY DEVELOPMENTS IN 2020, HOWEVER 88 VERY LOW-INCOME HOUSEHOLD OCCUPY OUR EXISTING PROJECTS.
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IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt03135062
IRS990/GrossReceiptsAmt03958661
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0485
IRS990/InsuranceGrp/ManagementAndGeneralAmt0999
IRS990/InsuranceGrp/ProgramServicesAmt09830
IRS990/InsuranceGrp/TotalAmt011314
IRS990/InterestGrp/FundraisingAmt0273
IRS990/InterestGrp/ManagementAndGeneralAmt07683
IRS990/InterestGrp/ProgramServicesAmt015663
IRS990/InterestGrp/TotalAmt023619
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01919747
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01193191
IRS990/InvestmentIncomeGrp/ExclusionAmt0434
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0434
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0114251
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0114251
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0178090
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0174838
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0170535
IRS990/LandBldgEquipCostOrOtherBssAmt0348625
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt03140701
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/BOYAmt0883048
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0738250
IRS990/NetAssetsOrFundBalancesBOYAmt01393533
IRS990/NetAssetsOrFundBalancesEOYAmt01485872
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-5639
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-5639
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0596007
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0745376
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0716
IRS990/OccupancyGrp/ManagementAndGeneralAmt01531
IRS990/OccupancyGrp/ProgramServicesAmt012263
IRS990/OccupancyGrp/TotalAmt014510
IRS990/OfficeExpensesGrp/FundraisingAmt01098
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01754
IRS990/OfficeExpensesGrp/ProgramServicesAmt020611
IRS990/OfficeExpensesGrp/TotalAmt023463
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0792551
IRS990/OtherAssetsTotalGrp/EOYAmt0780921
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02535
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01240
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt034438
IRS990/OtherEmployeeBenefitsGrp/TotalAmt038213
IRS990/OtherExpensesGrp/Desc0PROVISION FOR INVENTORY
IRS990/OtherExpensesGrp/Desc1CREDIT REPORT FEES
IRS990/OtherExpensesGrp/Desc2MISC & PROJECT EXPENSES
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0706
IRS990/OtherExpensesGrp/FundraisingAmt1247
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02434
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11494
IRS990/OtherExpensesGrp/ProgramServicesAmt041000
IRS990/OtherExpensesGrp/ProgramServicesAmt110607
IRS990/OtherExpensesGrp/ProgramServicesAmt25735
IRS990/OtherExpensesGrp/ProgramServicesAmt34879
IRS990/OtherExpensesGrp/TotalAmt041000
IRS990/OtherExpensesGrp/TotalAmt110607
IRS990/OtherExpensesGrp/TotalAmt28875
IRS990/OtherExpensesGrp/TotalAmt36620
IRS990/OtherLiabilitiesGrp/BOYAmt01704268
IRS990/OtherLiabilitiesGrp/EOYAmt01018254
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt020716
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026700
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0299229
IRS990/OtherSalariesAndWagesGrp/TotalAmt0346645
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01857
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04599
IRS990/PayrollTaxesGrp/ProgramServicesAmt029325
IRS990/PayrollTaxesGrp/TotalAmt035781
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt077700
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt072726
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04631
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04367
IRS990/PrincipalOfficerNm0KATHY WETZEL-MASTEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0HOME BUYER COUNSELING
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPMENT/MARKETING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0356277
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1224103
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0356277
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1224103
IRS990/ProgSrvcAccomActy2Grp/Desc0HOMEBUYER EDUCATION/ADVISING HELD 18 FIRST-TIME HOME BUYER EDUCATION WORKSHOPS, PRIMARILY VIA ZOOM, PROVIDING EDUCATION TO 376 HOUSEHOLDS. OF THE 2020 WORKSHOP ATTENDEES, 74% HAD INCOMES UNDER 80% AMI, 49% HAD INCOMES UNDER 50% AMI, AND 76% WERE HOUSEHOLDS OF COLOR. PROVIDED FREE, ONE-ON-ONE, PRE-PURCHASE HOME BUYER ADVISING TO 268 FAMILIES. OF 2020 PARTICIPANTS, 80% HAD INCOMES UNDER 80% AMI, 44% HAD INCOMES UNDER 50% AMI, AND 75% WERE HOUSEHOLDS OF COLOR. OF HOUSEHOLDS OF COLOR PARTICIPATING IN OUR PRE-PURCHASE SERVICES, 47% GO ON TO PURCHASE A HOME WITHIN THREE YEARS. THIS TRANSLATES TO APPROXIMATELY 250 NEW HOMEOWNERS OF COLOR ANNUALLY. FORECLOSURE ADVISING PROVIDED FREE, ONE-ON-ONE, FORECLOSURE PREVENTION ASSISTANCE TO 50 FAMILIES. OF THE CASES RESOLVED IN 2020, 58% AVOIDED FORECLOSURE. OF FORECLOSURE ADVISING CLIENTS, 82% HAD INCOMES UNDER 80% AMI, 68% HAD INCOMES UNDER 50% AMI, AND 36% WERE HOUSEHOLDS OF COLOR. SINCE 2009, PRG HAS PLAYED A CRITICAL ROLE IN AVERTING 694 FORECLOSURES, SAVING NEARLY $54 MILLION IN COSTS TO HOMEOWNERS, LENDERS AND LOCAL GOVERNMENT (SEE HTTP://HOCMN.BLOGSPOT.COM/2013/03/FORECLOSURE-ADVISING-HAS-SAVED.HTML). ADVISED 21 FAMILIES CONSIDERING THEIR REFINANCING OPTIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0332963
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0356277
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0208784
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt052434
IRS990/PYOtherExpensesAmt0150582
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0566004
IRS990/PYRevenuesLessExpensesAmt0137039
IRS990/PYSalariesCompEmpBnftPaidAmt0539601
IRS990/PYTotalExpensesAmt0690183
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0827222
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt092339
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0218464
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0185517
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0185618
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0242785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0208784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0159233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0388116
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt091130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01090048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0434
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0354
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0166
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt084
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt098
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01136
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02637009
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67240
IRS990ScheduleA/PublicSupportPY170Pct00.78970
IRS990ScheduleA/PublicSupportTotal170Amt0733756
IRS990ScheduleA/SubstantialContributorsTotAmt0356292
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0242785
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0208784
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0159233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0388116
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt091130
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01090048
IRS990ScheduleA/TotalSupportAmt01091184
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0119159
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0133999
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0253158
IRS990ScheduleD/EquipmentGrp/BookValueAmt011804
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044091
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055895
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt039572
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt039572
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0643810
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt184649
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt252462
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONTRACTS FOR DEED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEVELOPMENT FEE RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01018254
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.

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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