Prairie Rose Development Corp
Nonprofit profile at a glance
- EIN
- 851239978
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025
- Location
- Kirk, CO, USA
- Phone
- 7197513470
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Small Business Development
Reported finances
- Revenue
- $41,794
- Expenses
- $56,696
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Mike O'Donnell (Executive Director)
- KT Homes (President)
- Bonnie Watson (Vice President)
People named in this filing
- Mike O'Donnell (Executive Director)
- KT Homes (President)
- Bonnie Watson (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Economic development and small business job creation
What it reported doing in 2025
Prairie Rose Development successfully launched a statewide Kiva Hub for Colorado in late 2021. Kiva is a crowd-funded 0% interest rate small business loan program (loans in the range of $1,000 to $15,000) for otherwise financially excluded entrepreneurs looking to create socially impactful small businesses that have the potential to create jobs in their local communities. Two part-time bilingual Capital Access Managers hired by Prairie Rose have provided technical assistance and funding help to more than 500 existing and potential small business owners access the Kiva program since Prairie Rose was founded. Twenty loans totaling $202,000 were funded in 2025 by 3,774 individual lenders. Eighty-five percent of all loans were made to woman-owned businesses, 25% to Latino-owned businesses, 20% to Black-owned businesses, 35% to rural-based small businesses, 30% or recipient borrowers were immigrants, and 45% of all Colorado Kiva borrowers indicated that funds would be used to help hire new employees.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 15
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -35.7%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -5.3% per year; rating input score 0; 35th percentile among comparable filings
- Revenue growth: -28.5% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: -51.6% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $57K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 15/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.