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Prg Inc

EIN 41-1280596 · Minneapolis, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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

Income
$1.8 million
Spending
$1.4 million
Spent on programs
80%
Reserves
13.4 months of spending
Largest source of income
fees for its services, 59%
Employees
14
Volunteers
32
Highest pay
$201,228, executive director

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100. Higher than 72% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 13.4 months of spending.

  • Debt

    5 of 20

    It owes 63% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 25% of income.

  • Income trend

    15 of 15

    Income rose 40% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs and raising each dollar of donations cost 10 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 70% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $522,047 spent. 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.
  2. $573,879 spent. 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.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 1978.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

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