Prg combines community-based affordable housing development with pre- and post-purchase education and advising to help all people and neighborhoods thrive.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $170K a year · 15% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
16 mo
of spending, in cash
Looks good: 16.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $163K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.5M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$928K
-4% vs prior year
Spent
$856K
To programs
79%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$928K
FY2022▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$818K
FY2021$971K
FY2022$928K
FY2023$1.0M
FY2024$1.3M
FY2025$1.8M
Expenses
$856K
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$726K
FY2021$796K
FY2022$856K
FY2023$851K
FY2024$1.2M
FY2025$1.4M
Net assets
$1.7M
FY2022▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$1.7M
FY2023$1.9M
FY2024$2.0M
FY2025$2.4M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $676K Management & general 16% · $139K Fundraising 5% · $41K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$119,591Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kirstin Burch’s $179K as Executive Director is at the 81st percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kirstin Burch$178,609$8,376————
Kathryn Wetzel-Mastel—$166,372$136,779$119,591$113,024$101,240

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops affordable housing and educates people to buy homes and avoid foreclosure.

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Provided by the organization

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2 programs · $676K · in their own filed words · FY2022
01

Homebuyer Education/Advising

Held 21 first-time homebuyer education workshops, primarily via zoom, providing education to 349 HOUSEHOLDS.OF the 2022 workshop attendees, 77% had incomes under 80% ami, 47% had incomes under 50% ami, and 76% were households of COLOR.FORECLOSURE advising:provided free, one-on-one, foreclosure prevention assistance to 160 families (113…

$449Kprogram expense
02

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…

$227Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$163K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$928K
Ln 12
Fees for servicesLn 2g$608K
Gifts and grantsLn 1h$289K
Investment incomeLn 3$30K
Money outPt IX
$856K
Ln 25
Programscol B$676K
Managementcol C$139K
Fundraisingcol D$41K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$289K
Fees for servicesLn 2g$608K
Investment incomeLn 3$30K
Gains on assetsLn 7$29K
Total revenueLn 12$928K
Assets in detailPt X, end of year
CashLn 1$874K
SavingsLn 2$279K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$114K
Land, buildings, equipmentLn 10c$196K
Other assetsLn 15$548K
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.5M
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 514
VolunteersI 632
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.0M$1.2M
InvestmentsLn 11–13$114K$114K
Land, buildings, equipmentLn 10c$194K$196K
Total assetsLn 16$3.7M$4.2M
LiabilitiesLn 26$2.0M$2.5M
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$137K$92K$41K$4K
Other salaries and wagesLn 7$411K$341K$44K$27K
Other employee benefitsLn 9$60K$51K$6K$3K
Payroll taxesLn 10$44K$34K$7K$3K
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$6K$5K$513$472
Advertising and promotionLn 12$15K$14K$717$876
Office expensesLn 13$28K$22K$4K$1K
OccupancyLn 16$19K$15K$2K$657
TravelLn 17$695$613$82
InterestLn 20$18K$17K$1K$198
Depreciation, depletion and amortizationLn 22$16K$14K$2K$577
InsuranceLn 23$15K$13K$2K$444
Other expenses (24a–d)Ln 24$56K$53K$3K$241
All other expensesLn 24e$11K$4K$6K$234
Total functional expensesLn 25$856K$676K$139K$41K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.4M$445K$2.4M 990 PDF
FY2024 $1.3M$1.2M$49K$2.0M 990 PDF
FY2023 $1.0M$851K$184K$1.9M 990 PDF
FY2022 Viewing $928K$856K$72K$1.7M 990 PDF
FY2021 $971K$796K$175K$1.7M 990 PDF
FY2020 $818K$726K$92K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $927,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $357,159$289,214
I-9 Program service revenuePrior year $565,009$608,456
I-10 Investment incomePrior year $48,979$29,830
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $971,147$927,500
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $625,433$652,242
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $170,423$203,463
I-18 Total expensesPrior year $795,856$855,705
I-19 Revenue less expensesPrior year $175,291$71,795
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $927,500 across 6 lines filed
VIII-1f All other contributions, gifts and grants$289,214
VIII-1h Total contributions, gifts and grants$289,214
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $608,456$608,456
VIII-3 Investment incomeExcluded from tax $938$938
VIII-7 Net gain or loss on sales of assetsRelated to mission $28,892$28,892
VIII-12 Total revenueRelated to mission $637,348 · Unrelated business $0 · Excluded from tax $938$927,500
Part IX · Statement of functional expenses $855,705 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $91,992 · Management $41,190 · Fundraising $4,119$137,301
IX-7 Other salaries and wagesPrograms $341,040 · Management $43,590 · Fundraising $26,728$411,358
IX-9 Other employee benefitsPrograms $51,325 · Management $6,046 · Fundraising $2,510$59,881
IX-10 Payroll taxesPrograms $34,433 · Management $6,746 · Fundraising $2,523$43,702
IX-11c Accounting feesManagement $18,700$18,700
IX-11g Other fees for servicesPrograms $4,704 · Management $513 · Fundraising $472$5,689
IX-12 Advertising and promotionPrograms $13,544 · Management $717 · Fundraising $876$15,137
IX-13 Office expensesPrograms $22,283 · Management $4,482 · Fundraising $1,403$28,168
IX-16 OccupancyPrograms $15,366 · Management $2,478 · Fundraising $657$18,501
IX-17 TravelPrograms $613 · Management $82$695
IX-20 InterestPrograms $17,098 · Management $1,191 · Fundraising $198$18,487
IX-22 Depreciation, depletion and amortizationPrograms $13,571 · Management $2,168 · Fundraising $577$16,316
IX-23 InsurancePrograms $12,904 · Management $1,669 · Fundraising $444$15,017
IX-24 Other expenses (24a–d)Programs $52,872 · Management $2,925 · Fundraising $241$56,038
IX-24e All other expensesPrograms $4,097 · Management $6,384 · Fundraising $234$10,715
IX-25 Total functional expensesPrograms $675,842 · Management $138,881 · Fundraising $40,982$855,705
Part X · Balance sheet $4,226,956 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $762,548$873,725
X-2 Savings and temporary cash investmentsStart of year $278,620$278,874
X-3 Pledges and grants receivableStart of year $137,952$198,709
X-4 Accounts receivableStart of year $39,139$29,336
X-8 Inventories for sale or useStart of year $1,515,134$1,983,188
X-9 Prepaid expenses and deferred chargesStart of year $4,880$5,199
X-10c Land, buildings and equipment, netStart of year $194,216$195,626
X-13 Program-related investmentsStart of year $114,251$114,251
X-15 Other assetsStart of year $662,413$548,048
X-16 Total assetsStart of year $3,709,153$4,226,956
X-17 Accounts payable and accrued expensesStart of year $132,350$64,802
X-25 Other liabilitiesStart of year $1,287,167$1,773,222
X-26 Total liabilitiesStart of year $2,047,990$2,493,998
X-27 Net assets without donor restrictionsStart of year $961,419$994,179
X-28 Net assets with donor restrictionsStart of year $699,744$738,779
X-32 Total net assets or fund balancesStart of year $1,661,163$1,732,958
X-33 Total liabilities and net assetsStart of year $3,709,153$4,226,956
Part XI · Reconciliation of net assets $1,732,958 net assets at year end
XI-1 Total revenue$927,500
XI-2 Total expenses$855,705
XI-3 Revenue less expenses$71,795
XI-4 Net assets at start of year$1,661,163
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,732,958

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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