Civic Intelligence

Prairie Development Corporation

EIN 84-1043508 • 501(c)3 • Stratton, CO

Profile

Loans for low-income housing to individuals and businesses. Low-income loans and loan guarantees for housing rehab, business start-up and related support services.

128 Colorado AvenueStratton, CO 80836

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.03x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

83rd percentile

34%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

44th percentile

2.0%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-23%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$3,831,583

Up $74,877 (+2.0%) from 2023

Liabilities

Up

$6,080

Up $1,110 (+22%) from 2023

Net Assets

Up

$3,825,503

Up $73,767 (+2.0%) from 2023

Operations
Liabilities / Revenue37th percentileNet Margin83rd percentile

Revenue

Down

$217,602

Down $63,630 (-23%) from 2023

Expenses

Up

$143,835

Up $12,483 (+9.5%) from 2023

Net Income

Down

$73,767

Down $76,113 (-51%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,160,853Liabilities 2010: $8,663Net Assets 2010: $2,152,1902010Assets 2011: $2,426,264Liabilities 2011: $6,105Net Assets 2011: $2,420,1592011Assets 2012: $2,311,250Liabilities 2012: $6,974Net Assets 2012: $2,304,2762012Assets 2013: $2,341,070Liabilities 2013: $5,128Net Assets 2013: $2,335,9422013Assets 2014: $2,262,299Liabilities 2014: $8,884Net Assets 2014: $2,253,4152014Assets 2015: $2,674,794Liabilities 2015: $8,604Net Assets 2015: $2,666,1902015Assets 2016: $2,652,194Liabilities 2016: $3,790Net Assets 2016: $2,648,4042016Assets 2017: $2,495,165Liabilities 2017: $56,298Net Assets 2017: $2,438,8672017Assets 2018: $2,569,774Liabilities 2018: $2,967Net Assets 2018: $2,566,8072018Assets 2019: $2,565,942Liabilities 2019: $8,861Net Assets 2019: $2,557,0812019Assets 2020: $3,496,307Liabilities 2020: $7,173Net Assets 2020: $3,489,1342020Assets 2021: $3,514,157Liabilities 2021: $4,052Net Assets 2021: $3,510,1052021Assets 2022: $3,628,943Liabilities 2022: $27,087Net Assets 2022: $3,601,8562022Assets 2023: $3,756,706Liabilities 2023: $4,970Net Assets 2023: $3,751,7362023Assets 2024: $3,831,583Liabilities 2024: $6,080Net Assets 2024: $3,825,5032024

Highlighted filing

2024

Assets$3,831,583
Liabilities$6,080
Net Assets$3,825,503
Open 2024 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $310,7512010Expenses 2011: $209,1432011Expenses 2012: $182,8802012Revenue 2013: $173,391Expenses 2013: $141,725Net Income 2013: $31,6662013Revenue 2014: $85,700Expenses 2014: $168,227Net Income 2014: -$82,5272014Revenue 2015: $575,396Expenses 2015: $162,621Net Income 2015: $412,7752015Revenue 2016: $120,607Expenses 2016: $138,393Net Income 2016: -$17,7862016Revenue 2017: $154,387Expenses 2017: $363,924Net Income 2017: -$209,5372017Revenue 2018: $248,055Expenses 2018: $120,115Net Income 2018: $127,9402018Revenue 2019: $135,171Expenses 2019: $144,897Net Income 2019: -$9,7262019Revenue 2020: $1,251,929Expenses 2020: $319,876Net Income 2020: $932,0532020Revenue 2021: $126,188Expenses 2021: $105,217Net Income 2021: $20,9712021Revenue 2022: $3,272,612Expenses 2022: $3,180,861Net Income 2022: $91,7512022Revenue 2023: $281,232Expenses 2023: $131,352Net Income 2023: $149,8802023Revenue 2024: $217,602Expenses 2024: $143,835Net Income 2024: $73,7672024

Highlighted filing

2024

Revenue$217,602
Expenses$143,835
Net Income$73,767
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,831,583
Liabilities
$6,080
Net assets
$3,825,503
Revenue
$217,602
Expenses
$143,835
Net income
$73,767
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.83$0.01$3.83$0.22$0.14$0.07
2023Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.75$0.28$0.13$0.15
2022Detailed filing. Detailed filing data is available for this year.$3.63$0.03$3.60$3.27$3.18$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.51$0.13$0.11$0.02
2020Detailed filing. Detailed filing data is available for this year.$3.50$0.01$3.49$1.25$0.32$0.93
2019Detailed filing. Detailed filing data is available for this year.$2.57$0.01$2.56$0.14$0.14$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.57$0.00$2.57$0.25$0.12$0.13
2017Detailed filing. Detailed filing data is available for this year.$2.50$0.06$2.44$0.15$0.36$0.21
2016Detailed filing. Detailed filing data is available for this year.$2.65$0.00$2.65$0.12$0.14$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.67$0.01$2.67$0.58$0.16$0.41
2014Detailed filing. Detailed filing data is available for this year.$2.26$0.01$2.25$0.09$0.17$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.34$0.01$2.34$0.17$0.14$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.01$2.30$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.01$2.42$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.01$2.15$0.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 4, 2025
Return Version
2024v5.0
Gross Receipts
$217,602
Mission and Program Overview

Mission

Loans for low-income housing to individuals and businesses. Low-income loans and loan guarantees for housing rehab, business start-up and related support services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,254,031$1,691,734▲ $437,703
Other Notes and Loans Receivable, Net$1,383,875$1,218,603▼ $165,272
Cash and Non-Interest-Bearing Accounts$977,594$783,304▼ $194,290
Land, Buildings, and Equipment, Net$141,206$137,942▼ $3,264
Total Assets$3,756,706$3,831,583▲ $74,877
Liabilities
Accounts Payable and Accrued Expenses$4,470$5,580▲ $1,110
Other Liabilities$500$500→ $0
Total Liabilities$4,970$6,080▲ $1,110
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,422,716$3,529,770▲ $107,054
Net Assets Without Donor Restrictions$329,020$295,733▼ $33,287
Total Net Assets Fund Balance$3,751,736$3,825,503▲ $73,767
Total Liabilities and Net Assets / Fund Balance$3,756,706$3,831,583▲ $74,877

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,162$116,713$151,875
Leasehold Improvements$57,330$34,394$91,724
Land$45,450-$45,450
Other Land Buildings-$6,075$6,075
Equipment-$312$312
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Ed RarickChairman
Dorothy StoneVice Chair
Deanna HarrisonBoard Member
Grant ThayerBoard Member
Marilyn WardBoard Member
Rj JollyBoard Member
Steve BurgessBoard Member
Candace PayneAdministrato
Robert SafranekTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$59,965
Program Service Revenue
$41,279
Investment Income
$59,681
Other Revenue
$56,677
All Other Contributions
$44
Change in Net Assets
$73,767

Audited Revenue Reconciliation

Revenue per Audited Statements
$217,602
Total Revenue per Audited Statements
$217,602
Total Revenue per Form 990
$217,602
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$143,835
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$8,910$6,819-$15,729
Other Expenses$6,764$4,276-$11,040
Depreciation Depletion$3,264--$3,264
Advertising$1,000$1,314-$2,314
Travel$415$1,265-$1,680
Office Expenses$150$222-$372
Total Functional Expenses$103,403$40,432$0$143,835

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$143,835
Total Expenses per Audited Statements$143,835
Total Expenses per Form 990$143,835
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
Security Deposits$500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The annual audited financial statements are reviewed and approved by the board of directors. Once the audited financials are approved the form 990 is prepared and a draft is provided to the executive director for review and comparison to the audited financial statements; if draft form 990 and audit agree the executive director has the approval of the board of directors to approve the form 990.”

Form 990, Page 6, Part VI, Line 18

“The organization's governing documents are available upon request and via www.guidestar.org.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Prairie Development Corporation
EIN
84-1043508
Phone
7193485596
Address
128 COLORADO AVENUE, STRATTON, CO 80836

Signing Officer

Name
Candace Payne
Title
Administrator
Phone
7193485596
Signed
2025-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ed Rarick
Formed
1986
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
May Jackson Hendrick LLC
Address
18801 E MAINSTREET STE 240, PARKER, CO 80134-3445
Preparer
Lori K Hendrick
Phone
3038414220
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Other expenses 3,518 1,819 0 contribution 0 5,000 0 bad debt expense 2,601 0 0 subreceipent grant 2,171 0 0 direct program costs 620 0 0 total 8,910 6,819 0”

Raw XML Appendix389 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/OtherExpensesGrp/TotalAmt211275
IRS990/OtherExpensesGrp/TotalAmt311040
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IRS990/OtherLiabilitiesGrp/BOYAmt0500
IRS990/OtherLiabilitiesGrp/EOYAmt0500
IRS990/OtherRevenueMiscGrp/Desc0INTEREST - NOTES REC.
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ED RARICK
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IRS990/ProgramServiceRevenueGrp/Desc1LOAN FEES
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IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY HOUSING PROGRAMS - LOW OR NO INTEREST LOANS TO LOW-MODERATE INCOME PERSONS FOR REHABILITATION OF OWNER-OCCUPIED HOUSING. PRAIRIE DEVELOPMENT CORPORATION ALSO HAS AN EMERGENCY HOME REPAIR LOAN PROGRAM AND DOWN PAYMENT ASSISTANCE LOAN PROGRAM FOR FIRST TIME HOMEBUYERS MEETING LOW-MODERATE INCOME GUIDELINES. PRAIRIE DEVELOPMENT CORPORATION ALSO PURCHASES VACANT SINGLE-FAMILY HOMES IN NEED OF REHABILITATION, MAKING NEEDED REPAIRS AND RESELLING THEM TO INCOME QUALIFIED FIRST TIME HOMEBUYERS. DURING 2024, NO HOUSING LOANS WERE CLOSED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012440
IRS990/ProgSrvcAccomActy3Grp/Desc0OFFICE AND APARTMENT RENTAL - PRAIRIE DEVELOPMENT LEASES TWO APARTMENTS AND SUBLETS OFFICE SPACE TO THE EAST CENTRAL COUNCIL OF GOVERNMENTS AND THE HOME AGENCY (INSURANCE COMPANY).
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IRS990/PYInvestmentIncomeAmt021065
IRS990/PYOtherExpensesAmt0131352
IRS990/PYOtherRevenueAmt060237
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IRS990/PYRevenuesLessExpensesAmt0149880
IRS990/PYTotalExpensesAmt0131352
IRS990/PYTotalRevenueAmt0281232
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03169265
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt016123
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01130671
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04529964
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0619599
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. ONCE THE AUDITED FINANCIALS ARE APPROVED THE FORM 990 IS PREPARED AND A DRAFT IS PROVIDED TO THE EXECUTIVE DIRECTOR FOR REVIEW AND COMPARISON TO THE AUDITED FINANCIAL STATEMENTS; IF DRAFT FORM 990 AND AUDIT AGREE THE EXECUTIVE DIRECTOR HAS THE APPROVAL OF THE BOARD OF DIRECTORS TO APPROVE THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND VIA WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER EXPENSES 3,518 1,819 0 CONTRIBUTION 0 5,000 0 BAD DEBT EXPENSE 2,601 0 0 SUBRECEIPENT GRANT 2,171 0 0 DIRECT PROGRAM COSTS 620 0 0 TOTAL 8,910 6,819 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
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IRS990/TotalProgramServiceRevenueAmt041279
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0217602
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03831583
IRS990/TravelGrp/ManagementAndGeneralAmt01265
IRS990/TravelGrp/ProgramServicesAmt0415
IRS990/TravelGrp/TotalAmt01680
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 158
IRS990/USAddress/CityNm0FLAGLER
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080815
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CANDACE PAYNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07193485596
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRAIRIE DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PRAI
ReturnHeader/Filer/EIN0841043508
ReturnHeader/Filer/PhoneNum07193485596
ReturnHeader/Filer/USAddress/AddressLine1Txt0128 COLORADO AVENUE
ReturnHeader/Filer/USAddress/CityNm0STRATTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080836
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201617168
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAY JACKSON HENDRICK LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018801 E MAINSTREET STE 240
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PARKER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0801343445
ReturnHeader/PreparerPersonGrp/PhoneNum03038414220
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORI K HENDRICK
ReturnHeader/ReturnTs02025-08-04T14:58:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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