2024-06-06T16:09:44-05:00 2023-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2023-01-01 411280596 PRG INC PRGI 6127217556 2017 EAST 38TH STREET MINNEAPOLIS MN 55407 KATHY WETZEL-MASTEL EXECUTIVE DIRECTOR 6127217556 2024-06-03 1 KATHY WETZEL-MASTEL 999009999 0 TONYA J SHELDON P00234621 6512276695 2024-06-03 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z KATHY WETZEL-MASTEL 2017 EAST 38TH STREET MINNEAPOLIS MN 55407 4847739 0 X WWW.PRGINC.ORG X 1976 MN 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, ALL WITH A KEEN FOCUS ON NARROWING THE RACIAL HOMEOWNERSHIP DISPARITY. 9 9 10 9 0 0 289214 204824 608456 637800 29830 61393 0 131000 927500 1035017 0 0 0 0 652242 686126 0 0 44739 203463 164490 855705 850616 71795 184401 4226956 4216429 2493998 2299070 1732958 1917359 X 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. 0 0 211222 481695 REAL 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 2023, 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 2023 WENT TO MINORITY-OWNED BUSINESSES (4 CONTRACTS). OVER THE PAST 10 YEARS, PRG HAS AWARDED OVER $20 MILLION IN SINGLE-FAMILY CONSTRUCTION CONTRACTS WITH 98% GOING TO SMALL, MINORITY- AND/OR WOMEN-OWNED BUSINESSES.SOLD 9 HOMES, ALL PURCHASED BY HOUSEHOLDS OF COLOR BRINGING THE TOTAL SINCE 2010 TO 125. OF 2023 SALES, 67% WERE PURCHASED BY U.S.-BORN BLACK HOUSEHOLDS. THE AVERAGE HOUSEHOLD AMI FOR PURCHASERS WAS 59%. MULTI-FAMILY DEVELOPMENT:THERE WE NO NEW MULTI-FAMILY DEVELOPMENTS IN 2023, HOWEVER, 88 VERY LOW-INCOME HOUSEHOLDS OCCUPY OUR EXISTING PROJECTS. 449301 345672 HOMEBUYER EDUCATION/ADVISING :HELD 18 FIRST-TIME HOMEBUYER EDUCATION WORKSHOPS, PROVIDING EDUCATION TO 335 HOUSEHOLDS. OF THE 2023 WORKSHOP ATTENDEES, 86% HAD INCOMES UNDER 80% AMI, 48% HAD INCOMES UNDER 50% AMI, AND 75% WERE HOUSEHOLDS OF COLOR.PROVIDED FREE, ONE-ON-ONE, PRE-PURCHASE HOMEBUYER ADVISING TO 539 HOUSEHOLDS OF WHICH 301 WERE NEW CLIENTS. OF 2023 PARTICIPANTS, 889% HAD INCOMES UNDER 80% AMI, 529% HAD INCOMES UNDER 50% AMI, AND 76% WERE HOUSEHOLDS OF COLOR. OF 2023 NEW CLIENTS, 863% HAD INCOMES UNDER 80% AMI, 46% HAD INCOMES UNDER 50% AMI, AND 72% WERE HOUSEHOLDS OF COLOR.NINETY-THREE PERCENT OF CLIENTS WERE FIRST-TIME HOMEBUYERS, AND 49% WERE FIRST-GENERATION HOMEBUYERS.ACCORDING TO A TRIENNIAL SURVEY, 45% OF HOUSEHOLDS OF COLOR WHO PARTICIPATE IN OUR PREPURCHASE SERVICES GO ON TO PURCHASE A HOME WITHIN THREE YEARS. THIS TRANSLATES TO APPROXIMATELY 220 NEW HOMEOWNERS OF COLOR ANNUALLY.FORECLOSURE ADVISING:PROVIDED FREE, ONE-ON-ONE, FORECLOSURE PREVENTION ASSISTANCE TO 127 FAMILIES (82 NEW CLIENTS). OF THE CASES RESOLVED IN 2023, 99% AVOIDED FORECLOSURE (SAME OUTCOME FOR WHITE AND BIPOC HOUSEHOLDS). OF FORECLOSURE ADVISING CLIENTS, 91% HAD INCOMES UNDER 80% AMI, 74% HAD INCOMES UNDER 50% AMI, AND 50% WERE HOUSEHOLDS OF COLOR.SINCE 2009, PRG HAS PLAYED A CRITICAL ROLE IN AVERTING 844 FORECLOSURES, SAVING NEARLY $66 MILLION IN COSTS TO HOMEOWNERS, LENDERS, AND LOCAL GOVERNMENT (SEE HTTP://HOCMN.BLOGSPOT.COM/2013/03/FORECLOSURE-ADVISING-HAS-SAVED.HTML). 660523 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X PAUL MCCLUSKEY 6127217556 2017 EAST 38TH STREET MINNEAPOLIS MN 55407 ANNA WILLIAMSON VICE PRESIDENT 1.00 X X 0 0 0 AKISHA EVERETT PRESIDENT 1.00 X X 0 0 0 LYNN CAMP TREASURER 1.00 X X 0 0 0 CATE KURIA MEMBER 1.00 X 0 0 0 RYAN KLUPACS MEMBER 1.00 X 0 0 0 ALBERT BRISCOE MEMBER 1.00 X 0 0 0 PORTIA JACKSON SECRETARY 1.00 X X 0 0 0 ELENA GAARDER MEMBER 1.00 X 0 0 0 CLAUDIA HOLT MEMBER 1.00 X 0 0 0 KATHRYN WETZEL-MASTEL EXECUTIVE DIRECTOR 50.00 X 136779 0 12431 136779 0 12431 1 0 0 0 0 204824 204824 HOME BUYER COUNSELING 531390 345672 345672 DEVELOPMENT/MARKETING 531390 292128 292128 637800 2826 2826 3871289 3812722 58567 58567 58567 LOAN PAYMENT RECOVERY 900099 131000 131000 131000 1035017 827367 0 2826 149210 99971 44763 4476 423009 347556 45233 30220 68369 57988 7684 2697 45538 35536 7192 2810 20700 20700 7316 5150 1948 218 13184 11104 1076 1004 35297 29217 4925 1155 17288 14379 2297 612 1247 1247 6813 5663 971 179 14760 11982 2194 584 17527 14980 2011 536 CREDIT REPORT FEES 13951 13951 DUES & SUBSCRIPTIONS 6336 4680 1550 106 EDUCATION AND TRAINING 4741 4062 679 MISC & PROJECT EXPENSES 3562 1587 1896 79 1768 1470 235 63 850616 660523 145354 44739 873725 620852 278874 439971 198709 184492 29336 28270 1983188 2083639 5199 6279 410126 221017 195626 189109 114251 114251 548048 549566 4226956 4216429 64802 52326 655974 95060 1773222 2151684 2493998 2299070 X 994179 1240256 738779 677103 1732958 1917359 4226956 4216429 184401 0 X X 0 1 X 1 0 X 208784 242785 357159 289214 204824 1302766 208784 242785 357159 289214 204824 1302766 545272 757494 354 434 529 938 2826 5081 1307847 3263553 0.57920 0.56220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39572 39572 254809 155767 99042 115745 65250 50495 189109 CONTRACTS FOR DEED 500128 DEVELOPMENT FEE RECEIVABLE 29438 ENERGY REBATES RECEIVABLE 20000 549566 FORGIVABLE AND RECOVERABLE GRANTS 2151684 2151684 X 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. 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. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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