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Prairie Development Corporation

EIN 84-1043508 · Stratton, CO

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

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceFair62 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$231,405
Spending
$198,485
Spent on programs
79%
Reserves
9.7 months of spending
Largest source of income
investment income, 35%
Employees
0
Volunteers
7

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

Strong: 93 out of 100. Higher than 81% of charities in its peer group (community improvement, under $250k).

  • Reserves

    28 of 35

    Spendable reserves would cover 9.7 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 14% of income.

  • Income trend

    15 of 15

    Income rose 6% on the year before.

  • Spending floor

    15 of 15

    79% of spending went to programs and raising each dollar of donations cost 0 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

Fair: 62 out of 100. Higher than 40% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no 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.

  • 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 (3)
  1. $114,621 spent. ECONOMIC DEVELOPMENT PROGRAMS - GUARANTEED AND DIRECT LOANS UP TO 150,000 TO BUSINESSES; PRAIRIE DEVELOPMENT CORPORATION MAY LOAN 35,000 PER EACH FTE POSITION OF WHICH 51% MUST BE OFFERED OR FILLED BY LOW-MODERATE INCOME QUALIFIED PEOPLE. PRAIRIE DEVELOPMENT CORPORATION IS NOT A PRIMARY LENDER AND MANY LOANS ARE MADE IN PARTNERSHIP WITH BANKS AND/OR OTHER FINANCIAL INSTITUTIONS IN THE LOCAL AREA. IN ADDITION, PRAIRIE DEVELOPMENT CORPORATION IS INVOLVED WITH THE MARKETING OF TOURISM FOR THE REGION TO BRING DOLLARS TO THE COMMUNITIES AND TO HELP SUPPORT JOB STABILITY. DURING 2025, ONE NEW BUSINESS LOAN WAS CLOSED FOR 60,000 WHICH CREATED THREE FTE POSITIONS.
  2. $14,003 spent. COMMUNITY 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 MAY ALSO ELECT TO PURCHASE VACANT SINGLE-FAMILY HOMES IN NEED OF REHABILITATION, MAKE THE NEEDED REPAIRS AND RESELL THEM TO INCOME QUALIFIED FIRST TIME HOMEBUYERS. DURING 2025, NO HOUSING LOANS WERE CLOSED.
  3. $27,955 spent. OFFICE 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).

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 October 13, 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 October 13, 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 October 13, 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 October 13, 2026.

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

    Recognized by the IRS since December 1998.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.