Prairie Development INC EIN 43-1298911 Form 990 (PDF) Claim this org

Prairie Development INC

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Prairie Development INC is a housing supporting organization based in Kansas City, MO. For fiscal year 2024 it reported $204K in revenue, $174K in expenses, and $218K in net assets.Pt I

Type
Supporting organization · Housing
Location
Kansas City, MO
Filings
5 on file (2020–2024)
Revenue
$204KFY2024
Expenses
$174K
Net assets
$218K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  43-1298911 Supporting organization Kansas City, MO
Form 990 (PDF)
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Size
$100K–1M
What they do
a housing supporting organization
Leadership
Steve Beckman · Treasurer
Money in and out
$204K revenue, $174K expenses
Bottom line
+15% net inflow
Money in and out · FY2024
Total revenue
$204K
Pt VIII · Ln 12
Total expenses
$174K
Pt IX · Ln 25
Net assets
$218K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $30K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Net inflow
+15%
revenue over expenses, this year▲ +6% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
80%
of expenses reach stated programs▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$204K
FY2024▲ +3%
Expenses
$174K
FY2024▲ +2%
Total assets
$523K
FY2024+0.3%
Total liabilities
$305K
FY2024▼ -9%
Total revenue
$204K
Pt VIII · Ln 12
Total expenses
$174K
Pt IX · Ln 25
Net assets
$218K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$523K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPrairie Development INC
EINHdr · item D43-1298911
Principal addressHdr · item CKansas City, MO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21Z)
Ruling yearIRS BMFDec 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $138K of program spending, described in the organization's own filed words · FY2024.
01

Corporation provides subsidized housing for handicapped low-income individuals. The corporation operates under section 202 of the national housing act.

$138Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$204K
Investment income$61
Total revenueLn 12$204K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$138K
Management & general20%$36K
Total functional expensesLn 25$174K

Balance Sheet

Part X · end of year
CashLn 1$25K
Total assetsLn 16$523K
Total liabilitiesLn 26$305K
Total net assetsLn 32$218K
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $25K · Operating expenses/yr $174K
1.7 months
Where the money goes
Program services
Program services $138K · Total expenses $174K
80%
Management & General
Management & general $36K · Total expenses $174K
20%
Fundraising
Fundraising $0 · Total expenses $174K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $204K
0%
Government reliance
Government grants — · Total revenue $204K
Earned-income share
Program service revenue $204K · Total revenue $204K
100%
Investment reliance
Investment income $61 · Total revenue $204K
+0.03%
Program self-sufficiency
Program service revenue $204K · Total expenses $174K
117%
Growth & trend
Revenue growth (YoY)
This year $204K · Prior year $197K
+3%
Revenue CAGR
FY2020 $191K · FY2024 $204K
+2%
Net-asset trend (YoY)
End of year $218K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $204K · Expenses $174K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $523K
Net-asset ratio
Net assets $218K · Total assets $523K
42%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $523K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steve Beckman · Reported title TREASURER · Highest reported compensation $0 · Total expenses $174K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $11K · Total expenses $174K
6%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Revenue growth 3%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$204K revenue · viewing · ⤓ 990 PDF
FY2023$197K revenue · ⤓ 990 PDF
FY2022$196K revenue · ⤓ 990 PDF
FY2021$205K revenue · ⤓ 990 PDF
FY2020$191K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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