PRAIRIE PLACE ON 1ST INC Charity Report

Public IRS 990 nonprofit record

PRAIRIE PLACE ON 1ST INC

EIN 47-4394134 · Housing Support (L80)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

103.40%of revenue went to mission work88.0% of expenses · Program services

$117.57spent for every $100 of revenueSpending was higher than revenue this year.

14.17%of revenue went to management and office costs12.0% of expenses

$19.05in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $47,424 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $711 for IAN STOCKBERGER (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$269,958

Mission workProgram services$279,138103.40% of revenue88.0% of expenses

ManagementOffice and general costs$38,24414.17% of revenue12.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$317,382117.57% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 88.0% mission · 12.0% management · 0.0% fundraisingTotal expenses: 117.57% of revenue

2022Expense mix: 93.0% mission · 7.0% management · 0.0% fundraisingTotal expenses: 103.28% of revenue

2021Expense mix: 96.2% mission · 3.8% management · 0.0% fundraisingTotal expenses: 104.23% of revenue

2020Expense mix: 93.7% mission · 6.3% management · 0.0% fundraisingTotal expenses: 128.91% of revenue

2019Expense mix: 96.8% mission · 3.2% management · 0.0% fundraisingTotal expenses: 125.85% of revenue

2018Expense mix: 99.2% mission · 0.8% management · 0.0% fundraisingTotal expenses: 170.05% of revenue

2017Expense mix: 99.1% mission · 0.9% management · 0.0% fundraisingTotal expenses: 189.82% of revenue

2016Expense mix: 99.7% mission · 0.3% management · 0.0% fundraisingTotal expenses: 351.73% of revenue

Money in and money out

Revenue$269,958

Expenses$317,382

Annual shortfall $47,424 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$279,138 · 88.0% of expenses

Management and office costs$38,244 · 12.0% of expenses

See all reported dollar amounts

Revenue$269,958

Expenses$317,382

Assets$6,045,343

Income$269,958

Mission work (program services)$279,138

Management and general$38,244

Accounting fees$38,244

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

IAN STOCKBERGERCEO · 5 hrs/week $711Base · Other $711

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

IAN STOCKBERGERCEO

KATHRYN ALDENDIRECTOR THRU 11/23

WHITNEY JOHNSTONDIRECTOR

TYLER SCHAEFERDIRECTOR

SCOTT SHIPMANDIRECTOR

SAMUEL HUNTSEC/TREAS THRU 11/23

REV JANE HARRISDIRECTOR EFF 12/23

REV DAN GERRIETTSDIRECTOR

MASON HARMSDIRECTOR

MARTHA KOCHSEC/TREAS EFF 12/23

LES SELTUNDIRECTOR

KIRK PAULSONDIRECTOR THRU 11/23

KIMBER KLEVENADMINISTRATOR

AMY DIXONVICE CHAIR THRU 11/23, CHAIR EFF 12/23

JOHN LANDERDIRECTOR EFF 12/23

JASON GEVINGCHAIRPERSON THRU 11/23

GREG BRAUNVICE CHAIR EFF 12/23

DR JOHN BOEDEKERDIRECTOR EFF 12/23

DR JERROLD WHITEDIRECTOR

DAVID RUENDIRECTOR

CONNIE BLEILEDIRECTOR

BURTON EVERISTDIRECTOR THRU 11/23

ANNE ZOOKDIRECTOR

About this charity

Recognized since: January 2015
Location: 302 2ND STREET NE, MASON CITY, IA 50401
County: Cerro Gordo
In care of: IAN STOCKBERGER
Primary officer: IAN STOCKBERGER, CEO

How to reach them

WebsiteVisit the charity’s website Phone(641) 424-1740

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Housing Support (L80)
IRS tax category: Housing Support