Liabilities / Assets
71st percentile
Higher debt load relative to assets than 71% of similar nonprofits.
990 • Fiscal year 2019 • EIN 13-3946529
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
71st percentile
Higher debt load relative to assets than 71% of similar nonprofits.
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
15th percentile
Higher net margin than 15% of similar nonprofits.
Top Officer Pay
44th percentile
Higher top officer pay than 44% of similar nonprofits.
Top officer pay equals 10.1% of source-year revenue.
Asset Growth
48th percentile
Faster asset growth than 48% of similar nonprofits.
Revenue Growth
26th percentile
Faster revenue growth than 26% of similar nonprofits.
Assets
Up$26,895,346
Up $953,348 (+3.7%) from 2018
Net Assets
Down$13,311,770
Down $261,615 (-1.9%) from 2018
Liabilities
Up$13,583,576
Up $1,214,963 (+9.8%) from 2018
Revenue
Down$2,254,405
Down $116,210 (-4.9%) from 2018
Expenses
Up$2,516,020
Up $219,696 (+9.6%) from 2018
Net Income
Down-$261,615
Down $335,906 (-452%) from 2018
Renaissance economic development corporation provides direct financing and technical assistance services throughout new york city. Renaissance focuses on low-income, immigrant neighborhoods where the barriers of language, culture and conventional loan underwriting have stymied the growth of small businesses. Underpinning all of renaissance's lending activity is a commitment to increase business opportunities for low-income, minority, women, and immigrant entrepreneurs.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $7,856,371 | $7,583,251 | ▼ $273,120 |
| Land, Buildings, and Equipment, Net | $1,452,210 | $1,413,931 | ▼ $38,279 |
| Pledges and Grants Receivable | $422,264 | $549,498 | ▲ $127,234 |
| Cash and Non-Interest-Bearing Accounts | $670,790 | $524,247 | ▼ $146,543 |
| Prepaid Expenses and Deferred Charges | $17,453 | $29,905 | ▲ $12,452 |
| Total Assets | $25,941,998 | $26,895,346 | ▲ $953,348 |
| Other Assets Total | $15,522,910 | $16,794,514 | ▲ $1,271,604 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $8,920,383 | $9,168,437 | ▲ $248,054 |
| Unsecured Notes Loans Payable | $3,000,000 | $3,000,000 | → $0 |
| Deferred Revenue | $216,300 | $1,169,290 | ▲ $952,990 |
| Accounts Payable and Accrued Expenses | $141,930 | $155,849 | ▲ $13,919 |
| Other Liabilities | $90,000 | $90,000 | → $0 |
| Total Liabilities | $12,368,613 | $13,583,576 | ▲ $1,214,963 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $13,281,711 | $13,067,786 | ▼ $213,925 |
| Net Assets With Donor Restrictions | $291,674 | $243,984 | ▼ $47,690 |
| Total Net Assets Fund Balance | $13,573,385 | $13,311,770 | ▼ $261,615 |
| Total Liabilities and Net Assets / Fund Balance | $25,941,998 | $26,895,346 | ▲ $953,348 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,362,366 | $299,544 | $1,661,910 |
| Equipment | $41,141 | $108,341 | $149,482 |
| Leasehold Improvements | $10,424 | $65,386 | $75,810 |
| Other Assets Org | $6,170,853 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jessie Lee | Managing Director | FT | $150,431 | $16,319 | $166,750 |
| Name | Title |
|---|---|
| PO Yuen | Chairman |
| James Zhou | Board Member |
| Peggy Chan | Board Member |
| Ping Dang | Board Member |
| Jennifer Sun | Co-executive Director |
| Thomas Yu | Co-executive Director |
| Chris Mallios | Director of Finance |
| Raymond Lou | Secretary |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,647,543 |
| Other Expenses | $868,477 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,052,093 | $112,072 | - | $1,164,165 |
| Interest | $190,978 | $39,325 | - | $230,303 |
| Other Employee Benefits | $172,009 | $18,343 | - | $190,352 |
| Current Officers, Directors, Trustees, and Key Employees | $149,590 | $16,621 | - | $166,211 |
| Payroll Taxes | $95,198 | $10,178 | - | $105,376 |
| Fees for Services Other | $8,336 | $74,609 | - | $82,945 |
| Office Expenses | $15,326 | $67,276 | - | $82,602 |
| Depreciation Depletion | $45,344 | $14,644 | - | $59,988 |
| Insurance | $6,561 | $17,725 | - | $24,286 |
| Pension Plan Contributions | $19,378 | $2,061 | - | $21,439 |
| Advertising | $4,977 | $6,924 | - | $11,901 |
| Travel | $1,701 | $9,614 | - | $11,315 |
| All Other Expenses | $1,729 | $8,387 | - | $10,116 |
| Other Expenses | $7,138 | $764 | - | $7,902 |
| Fees for Services Legal | - | $6,981 | - | $6,981 |
| Total Functional Expenses | $2,079,632 | $436,388 | $0 | $2,516,020 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $2,656,820 |
| Expenses per Audited Statements | $2,516,020 |
| Total Expenses per Form 990 | $2,516,020 |
| Expenses Not Reported on Form 990 | $140,800 |
| Expenses Not Reported on Financial Statements | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Affiliates | $90,000 |
“The sole member of the organization is asian american for equality.”
“Asian americans for equality, inc., being the sole member, is entitled to appoint the directors; provided, however, that in the event that additional persons are accepted as members of the corporation pursuant to section 2.2 of the organization's by-laws, the number of directors to be appointed by each member may be reapportioned by a favorable action of the board of directors.”
“The following corporate actions may not be taken without the approval of the members: (1) any amendment of or change to the certificate of incorporation or (2) a petition for judicial dissolution; (3) disposing of all, or substantially all, of the assets of the corporation, (4) approval of a plan of merger, (5) authorization of a plan of non-judicial dissolution, or (6) revocation of a voluntary dissolution proceeding. (7) remove any director any time with or without cause by vote.”
“The form 990 is prepared by an independent accountant. At least 7 days prior to filing, the organization distributes a draft form 990 to the board for review. Five days are allowed for feedback, through the board treasurer, before form 990 is finalized and filed. A copy of the filed form 990 is provided to the board for their records.”
“Directors and officers are issued with a copy of the current conflict of interest policy on appointment and annually thereafter. Directors and officers complete annual declarations to either confirm no conflicts or indentify possible and/or actual conflicts.”
“Governing documents, conflict of interest policy and financial statements are available to the public by request to any board member. These documents are maintained at the oranization's registered office.”
“The process of overseeing the audit and selection of independent accountant has not changed from the prior year.”
“Redc believes it had no uncertain tax positions as of december 31, 2019 and 2018, in accordance with accounting standards codification ("asc") topic 740, which provides standards for establishing and classifying any tax provisions for uncertain tax positions.”
“Rent expense on sublease offset against rent income -140,800.”
“Rent expense on sublease offset against rent income 140,800.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 141930 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 155849 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION PROVIDES DIRECT FINANCING AND TECHNICAL ASSISTANCE SERVICES THROUGHOUT NEW YORK CITY. RENAISSANCE FOCUSES ON LOW-INCOME, IMMIGRANT NEIGHBORHOODS WHERE THE BARRIERS OF LANGUAGE, CULTURE AND CONVENTIONAL LOAN UNDERWRITING HAVE STYMIED THE GROWTH OF SMALL BUSINESSES. UNDERPINNING ALL OF RENAISSANCE'S LENDING ACTIVITY IS A COMMITMENT TO INCREASE BUSINESS OPPORTUNITIES FOR LOW-INCOME, MINORITY, WOMEN, AND IMMIGRANT ENTREPRENEURS. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 6924 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 4977 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 11901 |
| IRS990/AllOtherContributionsAmt | 0 | 194282 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 8387 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 1729 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 10116 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | TIM JUNG CFO |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2129642288 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2 ALLEN STREET 7TH FLOOR |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10002 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 670790 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 524247 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 16621 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 149590 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 166211 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1477851 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 23662 |
| IRS990/CYOtherExpensesAmt | 0 | 868477 |
| IRS990/CYOtherRevenueAmt | 0 | -51340 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 804232 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -261615 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1647543 |
| IRS990/CYTotalExpensesAmt | 0 | 2516020 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2254405 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 216300 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 1169290 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 14644 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 45344 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 59988 |
| IRS990/Desc | 0 | TECHNICAL ASSISTANCE & EDUCATION - REDC PROVIDES TARGETED TECHNICAL ASSISTANCE TO LOW INCOME, MINORITY, WOMEN AND IMMIGRANT ENTREPRENEURS & SMALL BUSINESS OWNERS, HELPING THEM TO OVERCOME TRADITIONAL IMPEDIMENTS TO BUSINESS GROWTH AND SUCCESS. REDC SPECIALIZES IN SERVING BUSINESSES IN ITS TARGET MARKETS THAT BANKS AND GOVERNMENT PROGRAMS CANNOT SERVE, SUCH AS LOW INCOME, START-UP, THINLY CAPITALIZED ENTERPRISES WHOSE OWNERS ARE OFTEN HOBBLED BY POOR OR NON-EXISTENT ENGLISH SKILLS AND UNFAMILIARITY WITH THE BANKING SYSTEM IN THIS COUNTRY. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 291674 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 243984 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 27 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1115210 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 6981 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6981 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 74609 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 8336 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 82945 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 35.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 7.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 33.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 33.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 35.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 38301 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 8541 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 21034 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 16319 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JAMES ZHOU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JENNIFER SUN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | PEGGY CHAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | PING DANG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | PO YUEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | RAYMOND LOU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | THOMAS YU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | CHRIS MALLIOS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | JESSIE LEE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 150431 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 189286 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 209121 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 152194 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CO-EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | CO-EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR OF FINANCE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | MANAGING DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1997 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 1 |
| IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GovernmentGrantsAmt | 0 | 1283569 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 2395205 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 89460 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 17725 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 6561 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 24286 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 39325 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 190978 |
| IRS990/InterestGrp/TotalAmt | 0 | 230303 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 23662 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 23662 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 11 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 473271 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1452210 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1413931 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1887202 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 140800 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION PROVIDES DIRECT FINANCING AND TECHNICAL ASSISTANCE SERVICES THROUGHOUT NEW YORK CITY. RENAISSANCE FOCUSES ON LOW-INCOME, IMMIGRANT NEIGHBORHOODS WHERE THE BARRIERS OF LANGUAGE, CULTURE AND CONVENTIONAL LOAN UNDERWRITING HAVE STYMIED THE GROWTH OF SMALL BUSINESSES. UNDERPINNING ALL OF RENAISSANCE'S LENDING ACTIVITY IS A COMMITMENT TO INCREASE BUSINESS OPPORTUNITIES FOR LOW-INCOME, MINORITY, WOMEN, AND IMMIGRANT ENTREPRENEURS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 8920383 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 9168437 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 13573385 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 13311770 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | -51340 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | -51340 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 13281711 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 13067786 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 67276 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 15326 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 82602 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 15522910 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 16794514 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 18343 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 172009 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 190352 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBTS |
| IRS990/OtherExpensesGrp/Desc | 1 | OTHER |
| IRS990/OtherExpensesGrp/Desc | 2 | EDUCATION AND OUTREACH |
| IRS990/OtherExpensesGrp/Desc | 3 | UBIT |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 30351 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 513 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 764 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 300789 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 800 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 7685 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 7138 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 300789 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 31151 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 8198 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 7902 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 90000 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 90000 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 112072 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1052093 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1164165 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 7856371 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 7583251 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 10178 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 95198 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 105376 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 2061 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 19378 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 21439 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 422264 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 549498 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 17453 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 29905 |
| IRS990/PrincipalOfficerNm | 0 | THOMAS YU |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 541610 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 4 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INTEREST |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | ADMIN. FEE AND OTHER |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | MANAGEMENT FEE |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | LATE CHARGES |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | PROGRAM FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 716968 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 55960 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 27668 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 2136 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 1500 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 716968 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 55960 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 27668 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 2136 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 1500 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | SMALL BUSINESS LOANS PROGRAM - REDC LENDS MONEY TO SMALL BUSINESSES IN ITS TARGET COMMUNITIES. MANY OF THESE SMALL BUSINESS BORROWERS OPERATE BUSINESS IN THE RETAIL, WHOLESALE, RESTAURANT, AND CERTAIN PERSONAL SERVICE INDUSTRIES WITH THEIR PRIMARY BUSINESS OPERATIONS LOCATED IN MANHATTAN, QUEENS, AND BROOKLYN. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 964422 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 1500 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1569295 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 13256 |
| IRS990/PYOtherExpensesAmt | 0 | 856521 |
| IRS990/PYOtherRevenueAmt | 0 | -20120 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 808184 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 74291 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1439803 |
| IRS990/PYTotalExpensesAmt | 0 | 2296324 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 2370615 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -261615 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | -51340 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 802732 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1477851 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1569295 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1632529 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1617432 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1183249 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 7480356 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 113122 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 113336 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 109002 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 49606 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 28140 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 413206 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 4351232 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.89830 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.89830 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 7090732 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 389624 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1477851 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1569295 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1632529 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1617432 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1183249 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 7480356 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 7893562 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 1362366 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 299544 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1661910 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 41141 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 108341 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 149482 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 140800 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 2516020 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 10424 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 65386 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 75810 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 8407585 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 2212384 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 2608 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 1084 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 4 | 6170853 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DUE FROM AFFILIATES |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | LOAN LOSS RESERVE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | SECURITY DEPOSIT |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | WORKING CAPITAL ESCROW |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 4 | RESTRICTED CASH |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 140800 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 90000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO AFFILIATES |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | -140800 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | -140800 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 2395205 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | REDC BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2019 AND 2018, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | RENT EXPENSE ON SUBLEASE OFFSET AGAINST RENT INCOME -140,800. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | RENT EXPENSE ON SUBLEASE OFFSET AGAINST RENT INCOME 140,800. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1413931 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 16794514 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 2516020 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 90000 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 2254405 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 2395205 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 2656820 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.