Prairie Place On 1st Inc
- Assets
- $7.0m
- Revenue
- $242.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 10/2015
- Data as of
- 09/2021
- EIN
- 47-4394134
Organization Overview
Prairie Place On 1st Inc is located in Mason City, IA. The organization was established in 2015. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie Place On 1st Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMON GOOD AND GENERAL SOCIAL WELFARE OF THE COMMUNITY OF MASON CITY, IOWA THROUGH DOWNTOWN URBAN RENEWAL PROJECTS THAT WILL PROVIDE AFFORDABLE AND ACCESSIBLE HOUSING IN THE DOWNTOWN AREA AND PRIORITY ACCESS TO A CONTINUUM OF CARE TO INDIVIDUALS 55 YEARS OF AGE AND OLDER WHO DESIRE OPTIMUM INDEPENDENCE AND AN ACTIVE LIFESTYLE WITHOUT DISCRIMINATION AS TO RACE, RELIGION, SEX, NATIONAL ORIGIN OR DISABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE AND ACCESSIBLE HOUSING IN THE DOWNTOWN AREA OF MASON CITY, IOWA AND PRIORITY ACCESS TO A CONTINUUM OF CARE TO INDIVIDUALS AGE 55 YEARS AND OLDER WHO DESIRE OPTIMUM INDEPENDENCE AND AN ACTIVE LIFESTYLE WITHOUT DISCRIMINATION AS TO RACE, RELIGION, SEX, NATIONAL ORIGIN OR DISABILITY. (32 UNITS)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Watson Sec/tr Thru 11/20 | OfficerTrustee | 0.1 | $0 |
Anne Flynn Dir Thru 11/20, Chair Eff 12/20 | OfficerTrustee | 0.1 | $0 |
Rev Dan Gerrietts V Ch Thru 11/20, Dir Eff 12/20 | OfficerTrustee | 0.1 | $0 |
Samuel Hunt Dir Thru 11/20, Sec/tr Eff 12/20 | OfficerTrustee | 0.1 | $0 |
Scott Shipman Dir Thru 11/20, V Ch Eff 12/20 | OfficerTrustee | 0.1 | $0 |
David Morgan Chair Thru 11/20 | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skott & Anderson Architects Architecture | 9/29/16 | $282,420 |
Henkel Construction Construction | 9/29/16 | $244,106 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $239,595 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,295 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,604 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $74 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,510 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $269,087 |
| Insurance | $0 |
| All other expenses | $13,068 |
| Total functional expenses | $312,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,897 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,207 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,637,184 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,955 |
| Total assets | $7,015,243 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,662,082 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,155,950 |
| Total liabilities | $6,818,032 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $197,211 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,015,243 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prairie Place On 1st Inc has recieved totaling $775,148.
| Awarding Organization | Amount |
|---|---|
Good Shepherd Geriatric Center Inc Mason City, IA PURPOSE: CONSTRUCTION OF HOUSING FOR ELDERLY | $775,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Chicago Making Homelessness History Chicago, IL | $31,255,730 | $72,080,478 |
Western Home Services Inc Cedar Falls, IA | $172,352,897 | $41,691,659 |
Ozark Tri-County Health Care Consortium Neosho, MO | $16,683,948 | $25,504,215 |
Holland Foundation Omaha, NE | $123,768,571 | $4,108,665 |
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |