Overview
What is Prg Inc?
Prg Inc is a nonprofit organization dedicated to addressing housing disparities in Minneapolis, Minnesota. They specialize in developing affordable single-family and multi-family housing, prioritizing the needs and preferences of their partner communities. Prg Inc has a strong commitment to racial equity, allocating most of their development capacity towards single-family homes and partnering with minority-owned businesses for construction contracts. Over the past decade, they have awarded over $20 million in single-family construction contracts predominantly to small, minority- and/or women-owned businesses. In 2022, they sold 5 homes to households of color, with a majority purchased by U.S.-born Black households. Despite no new multi-family developments in 2022, 88 very low-income households continue to reside in their existing projects. Beyond housing development, Prg Inc also offers educational and advising services to first-time homebuyers and households at risk of foreclosure, aiming to foster thriving communities and narrow the racial homeownership gap.
Official website here: www.prginc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
Prg Inc has earned a commendable Four-Star rating from Charity Navigator, primarily due to its strong Accountability & Finance score of 93%. This score reflects a commitment to transparency and effective governance, highlighting aspects such as a fully independent board and comprehensive financial oversight. The organization has also demonstrated excellent management with no material diversion of assets and adherence to policies related to conflict of interest and document retention.
Despite its positive rating and strong financial practices, feedback from users indicates significant issues with service delivery. A review from a former client expressed dissatisfaction with the organization's performance, claiming that inadequate support led to a near foreclosure situation. The reviewer criticized poor communication and a lack of timely, accurate advice, suggesting that some clients may not receive the assistance they expect during crucial periods.
Overall, while Prg Inc showcases a robust financial and accountability framework, the contrasting user experience points to potential gaps in client service and program execution that could undermine its effectiveness in assisting those in need.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Prg Inc?
Two reviewers have expressed their thoughts about PRG Inc, highlighting their genuine dedication to their mission. One review emphasizes that the organization effectively engages with buyers, neighborhoods, and communities, ensuring they meet their commitments in every transaction.
Additionally, PRG's support for minority and women-owned businesses aligns with their vision, showcasing a strong commitment to inclusive professional services. Overall, the sentiment expressed indicates a positive outlook on PRG Inc's efforts and initiatives in the community.
This AI summary has been generated from reviews found on Facebook.
Is Prg Inc legitimate?
Prg Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prg Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $137,301
Professional Fundraising Fees: $0
Other Salaries and Wages: $411,358
For more financial information, click here
Official website here: www.prginc.org
What is the mission statement of Prg Inc?
Prg Inc's mission is centered around community-based affordable housing development, education, and advising. Their objective is to assist all people and neighborhoods in thriving. They accomplish this 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. Prg Inc has a particular focus on addressing the racial homeownership disparity. In their real estate development, they prioritize the needs and preferences of their partner groups, and engage with the community throughout the process. Historically, this has led to the creation of single-family homes for ownership as well as various types of multi-family and supportive housing. In 2021, the majority of their development capacity was allocated to developing single-family homes to narrow the racial homeownership gap. In 2022, 100% of single-family construction contracts were awarded to minority-owned businesses. Prg Inc has also sold homes, with a significant number purchased by households of color, contributing to a total of 125 homes sold since 2010.
Official website here: www.prginc.org
Who is the CEO of Prg Inc?
Kathy Wetzel-Mastel is the President of Prg Inc.
Official website here: www.prginc.org
What is the revenue of Prg Inc?
Prg Inc's revenue in 2022 was $927,500.
Official website here: www.prginc.org
Who are the executives of Prg Inc and what are their salaries?
The average compensation at Prg Inc during 2022 was $49,878. There are 11 employees and 15 volunteers at Prg Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $119,591
- Related: $0
- Other: $17,710
Official website here: www.prginc.org
Where can I find the form 990 for Prg Inc?
Prg Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prginc.org
Learn more at the official website: www.prginc.org
Mission Statement of Prg Inc
Prg Inc, a nonprofit organization, combines community-based affordable housing development with education and advising to help all people and neighborhoods thrive. Their mission is accomplished 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. Prg Inc's approach is sensitive to the needs and wants of their partner groups, engaging with the community throughout the development process. Historically, this has resulted in the creation of single-family homes for ownership and a range of types of multi-family and supportive housing. In 2021, Prg Inc prioritized developing single-family homes to help narrow the racial homeownership gap.
In addition to housing development, Prg Inc also supports first-time homebuyers and households at risk of foreclosure by providing education and advising services. They work with minority-owned businesses and small, minority- and/or women-owned businesses for single-family construction contracts, awarding over $20 million in contracts to such businesses over the past 10 years. Prg Inc's efforts have resulted in the sale of 125 homes to households of color since 2010, with 80% of 2022 sales purchased by U.S.-born black households. Despite not having any new multi-family developments in 2022, 88 very low-income households occupy Prg Inc's existing projects.
In summary, Prg Inc's mission is to help all people and neighborhoods thrive by partnering with communities to develop affordable housing and by providing education and advising services to first-time homebuyers and households at risk of foreclosure. Their approach is sensitive to the needs and wants of their partner groups, and they prioritize supporting minority-owned businesses in their construction projects. Prg Inc's efforts have resulted in the sale of numerous homes to households of color and the provision of housing to very low-income households.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Prg Inc's impact is tangible and far-reaching in the community of Minneapolis, MN. Through their focus on combining affordable housing development with education, advising, and a keen awareness of the racial homeownership disparity, Prg Inc is actively working towards helping all people and neighborhoods thrive. Their approach to real estate development is notably community-centered, responding to the specific needs and desires of partner groups, and engaging with the community throughout the process.
In 2021, Prg Inc allocated a significant portion of its development capacity to creating single-family homes in an effort to narrow the racial homeownership gap. They acquired city-owned vacant lots for new construction and awarded all single-family construction contracts in 2022 to minority-owned businesses. Since 2010, they have awarded over $20 million in single-family construction contracts, with the majority going to small, minority- and/or women-owned businesses. The impact is evident in the 125 homes sold since 2010, with 80% of 2022 sales going to U.S.-born Black households, supporting their efforts to increase homeownership among marginalized communities.
In the realm of multi-family development, Prg Inc provides housing for 88 very low-income households in existing projects. While there were no new multi-family developments in 2022, their commitment to serving this demographic is clear.
Overall, Prg Inc's impact is evident in the number of affordable housing units created, the support provided to first-time homebuyers and households at risk of foreclosure, and their dedication to narrowing the racial homeownership disparity in Minneapolis. Their work not only addresses the immediate need for housing but also contributes to the long-term stability and well-being of individuals and neighborhoods.
This information is meant to be a general summary of Prg Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $29,830
- Program Service Revenue: $608,456
- Gross Receipts: $2,782,385
Assets and Liabilities:
- Total Assets: $4,226,956
- Total Liabilities: $2,493,998
- Net Assets: $1,732,958
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME BUYER COUNSELING
Revenue
$419,940
DEVELOPMENT/MARKETING
Revenue
$188,516
Organization Details
Founding Year
1976
Phone
(612) 721-7556Principal Officer
Kathy Wetzel-Mastel
Main Address
2017 EAST 38TH STREET, MINNEAPOLIS, MN, 55407
Website
www.prginc.orgNTEE Category
Code: L20Z - Housing
If you are a representative of Prg Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.