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Nonprofiteer
← PRG INC

Form 990 for tax year 2025

Filed by PRG INC.

Totals

Total revenue
$1,810,208
Total expenses
$1,364,903
Contributions and grants received
$676,085
Grants paid
$0
Program service revenue
$1,069,758
Investment income
$64,365
Other revenue
$0
Total assets, end of year
$6,469,052
Total liabilities, end of year
$4,057,716
Net assets or fund balances, end of year
$2,411,336
Program services expenses (Part IX)
$1,095,926
Management and general expenses
$204,109
Fundraising expenses
$64,868
Program service expenses (Part III)
$1,095,926

Program services were 80.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $676,085

  • 2a · Program service revenue: DEVELOPMENT/MARKETING

    total $702,993 · related or exempt $702,993

  • 2b · Program service revenue: HOME BUYER COUNSELING

    total $366,765 · related or exempt $366,765

  • 3 · Investment income

    total $2,139 · excluded $2,139

  • 7a · Gross sales of assets other than inventory

    other assets $2,937,666

  • 7b · Less cost or other basis and sales expenses

    other assets $2,875,440

  • 7c · Gain or loss

    other assets $62,226

  • 7d · Net gain or loss

    total $62,226 · related or exempt $62,226

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $201,229 · program services $134,823 · management and general $60,369 · fundraising $6,037

  • 7 · Other salaries and wages

    total $695,783 · program services $615,238 · management and general $47,504 · fundraising $33,041

  • 8 · Pension plan contributions

    total $23,367 · program services $15,656 · management and general $7,010 · fundraising $701

  • 9 · Other employee benefits

    total $100,278 · program services $94,479 · management and general $2,396 · fundraising $3,403

  • 10 · Payroll taxes

    total $74,637 · program services $62,769 · management and general $8,731 · fundraising $3,137

  • 11c · Fees: accounting

    total $24,350 · program services $2,100 · management and general $22,250

  • 11g · Fees: other

    total $75,681 · program services $28,629 · management and general $35,512 · fundraising $11,540

  • 12 · Advertising and promotion

    total $6,074 · program services $3,084 · management and general $1,056 · fundraising $1,934

  • 13 · Office expenses

    total $43,762 · program services $37,110 · management and general $4,134 · fundraising $2,518

  • 16 · Occupancy

    total $20,840 · program services $18,140 · management and general $2,274 · fundraising $426

  • 17 · Travel

    total $2,356 · program services $2,346 · management and general $10

  • 20 · Interest

    total $7,307 · program services $6,770 · management and general $435 · fundraising $102

  • 22 · Depreciation, depletion and amortization

    total $31,476 · program services $27,566 · management and general $3,293 · fundraising $617

  • 23 · Insurance

    total $18,653 · program services $16,531 · management and general $1,789 · fundraising $333

  • 24a · Other expenses: CREDIT REPORT FEES

    total $13,205 · program services $13,205

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $10,355 · program services $7,856 · management and general $1,840 · fundraising $659

  • 24c · Other expenses: EDUCATION AND TRAINING

    total $7,940 · program services $7,590 · management and general $350

  • 24d · Other expenses: MISC & PROJECT EXPENSES

    total $5,541 · program services $225 · management and general $4,937 · fundraising $379

  • 24e · All other expenses

    total $2,069 · program services $1,809 · management and general $219 · fundraising $41

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,438,047 · end of year $1,915,814

  • 2 · Savings and temporary cash investments

    beginning of year $257,296 · end of year $263,570

  • 3 · Pledges and grants receivable

    beginning of year $119,988 · end of year $271,313

  • 4 · Accounts receivable

    beginning of year $42,284 · end of year $274,438

  • 8 · Inventories for sale or use

    beginning of year $2,626,879 · end of year $2,850,769

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,227 · end of year $3,454

  • 10a · Land, buildings and equipment: cost or other basis

    $520,898

  • 10b · Land, buildings and equipment: accumulated depreciation

    $276,206

  • 10c · Land, buildings and equipment, net

    beginning of year $273,137 · end of year $244,692

  • 13 · Investments: program-related

    beginning of year $114,251 · end of year $114,251

  • 15 · Other assets

    beginning of year $522,755 · end of year $530,751

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,468 · end of year $60,706

  • 19 · Deferred revenue

    beginning of year $368,902 · end of year $1,505,573

  • 23 · Secured mortgages and notes payable

    beginning of year $83,588 · end of year $71,529

  • 25 · Other liabilities

    beginning of year $2,889,875 · end of year $2,419,908

  • 27 · Net assets without donor restrictions

    beginning of year $1,222,449 · end of year $1,763,475

  • 28 · Net assets with donor restrictions

    beginning of year $743,582 · end of year $647,861

Mission and programs · 2025

Mission

PRG COMBINES COMMUNITY-BASED AFFORDABLE HOUSING DEVELOPMENT WITH PRE- AND POST-PURCHASE EDUCATION AND ADVISING TO HELP ALL PEOPLE AND NEIGHBORHOODS THRIVE.

  • REAL ESTATE DEVELOPMENT: PRG INCREASES THE SUPPLY OF AFFORDABLE HOMES BY REDEVELOPING AND CONSTRUCTING NEW SINGLEFAMILY HOUSING, ADVANCING PROJECTS THAT THE PRIVATE SECTOR WILL NOT TAKE ON. PRG WORKS AT THE INVITATION OF NEIGHBORHOODS, COMMUNITY ORGANIZATIONS, AND SOCIAL SERVICE PROVIDERS TO ADDRESS HOUSING CHALLENGES. INSTEAD OF TAKING A ONESIZEFITSALL APPROACH, WE PRIORITIZE WHAT OUR PARTNER GROUPS WANT AND NEED, AND WE ENGAGE WITH THE COMMUNITY THROUGHOUT THE DEVELOPMENT PROCESS. HISTORICALLY, THIS HAS MEANT A RANGE OF SINGLEFAMILY, MULTIFAMILY, AND SUPPORTIVE HOUSING PROJECTS. IN 2025, WE CONTINUED TO ALLOT OUR DEVELOPMENT CAPACITY TO SINGLEFAMILY HOMES IN OUR EFFORT TO NARROW THE HOMEOWNERSHIP GAP. PRG DEVELOPED AND SOLD 6 SINGLE-FAMILY HOMES.

    Expenses $522,047 · Revenue $765,219

  • HOMEBUYER EDUCATION/ADVISING: PRG PROVIDES EDUCATION AND ADVISING TO ASPIRING HOMEBUYERS AND EXISTING HOMEOWNERS TO HELP ENSURE SUCCESSFUL HOMEOWNERSHIP AND INCREASE FINANCIAL CAPABILITY AT NO COST TO THE CLIENT. IN 2025, PRG HELD 18 FIRSTTIME HOMEBUYER EDUCATION WORKSHOPS, PROVIDING EDUCATION TO 799 INDIVIDUALS. PRG PROVIDED ONEONONE PREPURCHASE HOMEBUYER ADVISING TO 723 INDIVIDUALS. PRG PROVIDED ONE-ON-ONE FORCLOSURE PREVENTION ADVISING TO 173 INDIVIDUALS.

    Expenses $573,879 · Revenue $366,765

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANNA WILLIAMSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • LYNN CAMP

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RYAN KLUPACS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CATE KURIA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CORINA SERRANO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TARRYN WILSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PORTIA JACKSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ELENA GAARDER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CLAUDIA HOLT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIRSTIN BURCH

    EXECUTIVE DIRECTOR

    Total calculated
    $201,228
    From this org
    $178,609
    From related orgs
    $0
    Other
    $22,619
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $178,609
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,619
    Filer's total
    $201,228

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PRG SPIRIT LLC

    C · RENTAL REAL ESTATE · MN · 100% owned

    Directly controlled by PRG INC

  • PRG GREENWAY LLC

    C · RENTAL REAL ESTATE · MN · 100% owned

    Directly controlled by PRG INC

Provenance

Return type
form_990
Tax year
2025
Filed
28 May 2026
IRS schema version
2025v4.1
Source object
202631629349300223

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