NonprofitsPrairie Development Corporation

Community Improvement & Capacity Building

Prairie Development Corporation

STRATTON, CO

Total revenue

$218K

Total expenses

$144K

Net assets

$3.8M

Grants received

$10K

1 grants

EIN

841043508

Tax year

2024

Mission

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.

Programs

2 programs

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 also purchases vacant single-family homes in need of rehabilitation, making needed repairs and reselling them to income qualified first time homebuyers. During 2024, no housing loans were closed.

Expenses: $12K

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).

Expenses: $26K

Financials

FY 2024

Revenue

Contributions & grants$60K
Program service revenue$41K
Investment income$60K
Other revenue$57K
Total revenue$218K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$144K
Total expenses$144K
Total assets$3.8M
Net assets$3.8M

People

9 listed

NameRoleCompensation

CANDACE PAYNE

ADMINISTRATO

Board

20 hrs/wk

ED RARICK

CHAIRMAN

Board

0.5 hrs/wk

DOROTHY STONE

VICE CHAIR

Board

0.5 hrs/wk

ROBERT SAFRANEK

TREASURER

Board

0.5 hrs/wk

STEVE BURGESS

BOARD MEMBER

Board

0.5 hrs/wk

GRANT THAYER

BOARD MEMBER

Board

0.5 hrs/wk

MARILYN WARD

BOARD MEMBER

Board

0.5 hrs/wk

RJ JOLLY

BOARD MEMBER

Board

0.5 hrs/wk

DEANNA HARRISON

BOARD MEMBER

Board

0.5 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$10K
Travel-related mobile app
2020

Funded by

$10K from 1 funder · 1 grant · 2020

El Pomar Foundation

$10K · 1 grant · 2020

Details

EIN841043508
NTEE codeS30Z
Subsection03
Ruling date1998-12
Formed1986
Employees0
Volunteers8
PRAIRIE DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo