Civic Intelligence

Nonprofit Housing Preservation Inc.

990 • Fiscal year 2014 • EIN 58-1835663

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 10, 2015

Organization ProfileWWW.PRIHOUSING.ORG
321 West Hill Street Suite 3Decatur, GA 30030

(404) 371-1230

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.48x

Higher debt load relative to assets than 82% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

1.38x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

4th percentile

-70%

Higher net margin than 4% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

86th percentile

$91,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 40.9% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

9th percentile

-19%

Faster asset growth than 9% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-90%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$636,362

Down $152,899 (-19%) from 2013

Net Assets

Down

$329,695

Down $154,741 (-32%) from 2013

Liabilities

Up

$306,667

Up $1,842 (+0.6%) from 2013

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin4th percentile

Revenue

Down

$222,354

Down $2,014,323 (-90%) from 2013

Expenses

Down

$377,097

Down $559,756 (-60%) from 2013

Net Income

Down

-$154,743

Down $1,454,567 (-112%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $9,057,151Liabilities 2010: $6,176,610Net Assets 2010: $2,880,5412010Assets 2011: $8,828,155Liabilities 2011: $6,410,119Net Assets 2011: $2,418,0362011Assets 2012: $1,378,872Liabilities 2012: $2,194,260Net Assets 2012: -$815,3882012Assets 2013: $789,261Liabilities 2013: $304,825Net Assets 2013: $484,4362013Assets 2014: $636,362Liabilities 2014: $306,667Net Assets 2014: $329,6952014Assets 2015: $41,925Liabilities 2015: $0Net Assets 2015: $41,9252015Assets 2016: $20,807Liabilities 2016: $0Net Assets 2016: $20,8072016Assets 2017: $1Liabilities 2017: $02017Assets 2018: $0Liabilities 2018: $21,342Net Assets 2018: -$21,3422018Assets 2019: $0Liabilities 2019: $43,779Net Assets 2019: -$43,7792019Assets 2020: $0Liabilities 2020: $66,182Net Assets 2020: -$66,1822020Assets 2021: $0Liabilities 2021: $88,721Net Assets 2021: -$88,7212021Assets 2022: $0Liabilities 2022: $21Net Assets 2022: -$212022Assets 2023: $1Liabilities 2023: $262023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2014

Assets$636,362
Liabilities$306,667
Net Assets$329,695
Open 2014 Filing

Operations Trend

Revenue Growth1st percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,837,355Expenses 2010: $1,485,856Net Income 2010: $351,4992010Revenue 2011: $318,931Expenses 2011: $781,436Net Income 2011: -$462,5052011Expenses 2012: $7,453,7842012Revenue 2013: $2,236,677Expenses 2013: $936,853Net Income 2013: $1,299,8242013Revenue 2014: $222,354Expenses 2014: $377,097Net Income 2014: -$154,7432014Revenue 2015: -$233,316Expenses 2015: $54,454Net Income 2015: -$287,7702015Revenue 2016: $39,874Expenses 2016: $24,992Net Income 2016: $14,8822016Revenue 2017: $0Expenses 2017: $20,807Net Income 2017: -$20,8072017Revenue 2018: $219Expenses 2018: $21,561Net Income 2018: -$21,3422018Revenue 2019: $61Expenses 2019: $22,498Net Income 2019: -$22,4372019Revenue 2020: $116Expenses 2020: $22,519Net Income 2020: -$22,4032020Revenue 2021: -$60Expenses 2021: $22,479Net Income 2021: -$22,5392021Revenue 2022: $99,007Expenses 2022: $10,307Net Income 2022: $88,7002022Revenue 2023: $12Expenses 2023: $17Net Income 2023: -$52023Revenue 2024: $44Expenses 2024: $18Net Income 2024: $262024

Highlighted filing

2014

Revenue$222,354
Expenses$377,097
Net Income-$154,743
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 10, 2015
Return Version
2014v5.0
Gross Receipts
$218,106
Mission and Program Overview

Mission

To facilitate the development and management of affordable housing for low income individuals by identifying those with housing needs and sponsoring projects to address those needs.

To facilitate the development of afforda- ble housing for low income individuals by identifying those with housing needs and sponsoring projects to address those needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$600,193$604,551▲ $4,358
Cash and Non-Interest-Bearing Accounts$677$27,362▲ $26,685
Land, Buildings, and Equipment, Net$4,449$4,449→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$789,261$636,362▼ $152,899
Other Assets Total$183,942$0▼ $183,942
Liabilities
Other Liabilities$304,825$306,667▲ $1,842
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$304,825$306,667▲ $1,842
Net Assets / Fund Balance
Unrestricted Net Assets$484,436$329,695▼ $154,741
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$484,436$329,695▼ $154,741
Total Liabilities and Net Assets / Fund Balance$789,261$636,362▼ $152,899

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,449$39,861$44,310
Leasehold Improvements-$15,676$15,676
Other Land Buildings-$1,186$1,186
Investment Program Related Org$604,640--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Bruce C GunterPresidentFT$91,000$91,000
Lorraine P MillsVice PresidentPT$30,000$30,000

Board Members and Trustees

NameTitle
Carol NaughtonChairman/director
Robin MeyerDirector
Chris BrownTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$74,131
Program Service Revenue
$136,475
Investment Income
$11,748
Other Revenue
$0
All Other Contributions
$74,131
Change in Net Assets
$-154,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$377,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$183,942$132,870-$316,812
Fees for Services Accounting-$12,620-$12,620
Other Expenses-$2,058-$2,058
Fees for Services Legal-$360-$360
Travel-$69-$69
Total Functional Expenses$183,942$193,155$0$377,097
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Development Fees Payable$279,738
Note Payable - Other$23,087
Due to Affiliates$3,842
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI SECTION B #11

“A copy of the return is provided to the members of the governing body and they are given a deadline in which to review and provide any comments which are addressed before it is sent to the internal revenue service.”

PART VI SECTION C #19

“The organization makes its governing documents and financial statements available to the public upon request.”

PART VI SECTION B #15A & #15B

“The process for determining compensation for the president, chairman, officers, and directors is determined by the board of directors of progressive redevelopment, inc., and approved by the treasurer of the board. To ensure competitiveness, wages are compared to other affordable housing organizations, both for- and not-for-profit, or the local market for positions applicable to a broader competitive market. Annually the board of directors will review executive salaries to ensure competitiveness with external markets and for internal equity in relation to general employee wages and benefits, individual and organizational performance, and the financial resources of the organization.”

PART VI, SECTION B #12C

“The board of directors of progressive redevelopment, inc. Reviews periodically the conflict of interest disclosures and determines whether any action is required.”

Filing and Contact Details

Filer

Filer Name
Progressive Redevelopment Inc
EIN
58-1835663
In Care Of
% LORRAINE MILLS
Phone
4043711230
Address
321 WEST HILL STREET SUITE 3, DECATUR, GA 30030

Signing Officer

Name
general partner
Title
gp
Phone
4043711230
Signed
2015-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce C Gunter
Formed
1987
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
3
Employees
0

Preparer

Firm
Cohnreznick Llp
Address
3560 LENOX ROAD NE SUITE 2800, ATLANTA, GA 30326-4276
Preparer
Linda T Rowland CPA
Phone
4048479447
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 24 - Other Expenses

“Description:supplies total expenses:3870 management and general:3870”

Form 990 Part IX Line 24 - Other Expenses

“Description:bad debt expense total expenses:183942 program services:183942”

Form 990 Part IX Line 24 - Other Expenses

“Description:lease expense total expenses:8000 management and general:8000”

Form 990 Part IX Line 24 - Other Expenses

“Description:director fees total expenses:121000 management and general:121000”

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0BRUCE C GUNTER
IRS990/PriorPeriodAdjustmentsAmt02
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MISC. INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0110
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt197615
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt238750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0110
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt197615
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt238750
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0434403
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0936853
IRS990/PYOtherRevenueAmt01559110
IRS990/PYProgramServiceRevenueAmt0243162
IRS990/PYRevenuesLessExpensesAmt01299824
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0936853
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02236677
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-154743
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0148223
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt074131
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0434403
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0110439
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt034462
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0174390
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0827825
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08479
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08487
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0136475
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0245888
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0606471
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0283660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01644051
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02916545
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08479
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08487
IRS990ScheduleA/InvestmentIncomeCYPct00.00226
IRS990ScheduleA/InvestmentIncomePYPct00.01223
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.42229
IRS990ScheduleA/PublicSupportPY509Pct00.19016
IRS990ScheduleA/PublicSupportTotal509Amt01584778
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0126365
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0236593
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0250419
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0135827
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt01410388
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02159592
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0126365
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0236593
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0250419
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0135827
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt01410388
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt02159592
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0210606
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0680291
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0716910
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0318122
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01818441
IRS990ScheduleA/Total509Grp/TotalAmt03744370
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0210606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0680293
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0716912
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0318126
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01826920
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03752857
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt04449
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039861
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt044310
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0-89
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1604640
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0APARTMENTS LP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1MAXWELL HOUSE GA, LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2HERITAGE I INC.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3INVESTMENT IN HRC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt015676
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt015676
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01186
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023087
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1279738
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE - OTHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEVELOPMENT FEES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO AFFILIATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04449
IRS990ScheduleD/TotalBookValueProgramRltdAmt0604551
IRS990ScheduleD/TotalLiabilityAmt0306667
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE RETURN IS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND THEY ARE GIVEN A DEADLINE IN WHICH TO REVIEW AND PROVIDE ANY COMMENTS WHICH ARE ADDRESSED BEFORE IT IS SENT TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT, CHAIRMAN, OFFICERS, AND DIRECTORS IS DETERMINED BY THE BOARD OF DIRECTORS OF PROGRESSIVE REDEVELOPMENT, INC., AND APPROVED BY THE TREASURER OF THE BOARD. TO ENSURE COMPETITIVENESS, WAGES ARE COMPARED TO OTHER AFFORDABLE HOUSING ORGANIZATIONS, BOTH FOR- AND NOT-FOR-PROFIT, OR THE LOCAL MARKET FOR POSITIONS APPLICABLE TO A BROADER COMPETITIVE MARKET. ANNUALLY THE BOARD OF DIRECTORS WILL REVIEW EXECUTIVE SALARIES TO ENSURE COMPETITIVENESS WITH EXTERNAL MARKETS AND FOR INTERNAL EQUITY IN RELATION TO GENERAL EMPLOYEE WAGES AND BENEFITS, INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE, AND THE FINANCIAL RESOURCES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS OF PROGRESSIVE REDEVELOPMENT, INC. REVIEWS PERIODICALLY THE CONFLICT OF INTEREST DISCLOSURES AND DETERMINES WHETHER ANY ACTION IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:SUPPLIES TOTAL EXPENSES:3870 MANAGEMENT AND GENERAL:3870
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:183942 PROGRAM SERVICES:183942
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:LEASE EXPENSE TOTAL EXPENSES:8000 MANAGEMENT AND GENERAL:8000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:DIRECTOR FEES TOTAL EXPENSES:121000 MANAGEMENT AND GENERAL:121000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI SECTION B #11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI SECTION C #19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI SECTION B #15A & #15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B #12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleR/AssetExchangeInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$636,362
Liabilities
$306,667
Net assets
$329,695
Revenue
$222,354
Expenses
$377,097
Net income
-$154,743
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2023Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.10$0.01$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.09$0.09$0.00$0.02$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.07$0.07$0.00$0.02$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.04$0.04$0.00$0.02$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.02$0.02$0.00$0.02$0.02
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.02$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.04$0.02$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.23$0.05$0.29
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.31$0.33$0.22$0.38$0.15
2013Detailed filing. Detailed filing data is available for this year.$0.79$0.30$0.48$2.24$0.94$1.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$2.19$0.82$7.45
2011Summary only. Only limited summary data is available for this year.$8.83$6.41$2.42$0.32$0.78$0.46
2010Summary only. Only limited summary data is available for this year.$9.06$6.18$2.88$1.84$1.49$0.35