Civic Intelligence

Renaissance Economic Development Corporation

990 • Fiscal year 2019 • EIN 13-3946529

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

2 Allen Street 7th FloorNew York, NY 10002

(212) 964-6022

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.51x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

6.03x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

15th percentile

-12%

Higher net margin than 15% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$227,587

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

48th percentile

3.7%

Faster asset growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

26th percentile

-4.9%

Faster revenue growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

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

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $14,735,619Liabilities 2010: $2,625,588Net Assets 2010: $12,110,0312010Assets 2011: $17,263,100Liabilities 2011: $5,036,972Net Assets 2011: $12,226,1282011Assets 2012: $18,950,374Liabilities 2012: $6,377,901Net Assets 2012: $12,572,4732012Assets 2013: $20,135,075Liabilities 2013: $7,551,857Net Assets 2013: $12,583,2182013Assets 2014: $20,748,244Liabilities 2014: $8,204,294Net Assets 2014: $12,543,9502014Assets 2015: $20,911,550Liabilities 2015: $7,703,982Net Assets 2015: $13,207,5682015Assets 2016: $23,742,582Liabilities 2016: $10,283,454Net Assets 2016: $13,459,1282016Assets 2017: $26,905,518Liabilities 2017: $13,382,306Net Assets 2017: $13,523,2122017Assets 2018: $25,941,998Liabilities 2018: $12,368,613Net Assets 2018: $13,573,3852018Assets 2019: $26,895,346Liabilities 2019: $13,583,576Net Assets 2019: $13,311,7702019Assets 2020: $34,038,441Liabilities 2020: $17,452,398Net Assets 2020: $16,586,0432020Assets 2021: $35,516,317Liabilities 2021: $16,554,112Net Assets 2021: $18,962,2052021Assets 2022: $31,291,579Liabilities 2022: $11,736,506Net Assets 2022: $19,555,0732022Assets 2023: $32,593,576Liabilities 2023: $14,054,443Net Assets 2023: $18,539,1332023Assets 2024: $33,742,646Liabilities 2024: $14,779,619Net Assets 2024: $18,963,0272024

Highlighted filing

2019

Assets$26,895,346
Liabilities$13,583,576
Net Assets$13,311,770

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,454,634Expenses 2010: $2,143,608Net Income 2010: -$688,9742010Expenses 2011: $1,503,9072011Expenses 2012: $1,926,0342012Revenue 2013: $2,037,393Expenses 2013: $2,026,648Net Income 2013: $10,7452013Revenue 2014: $1,677,128Expenses 2014: $1,716,396Net Income 2014: -$39,2682014Revenue 2015: $2,621,028Expenses 2015: $1,957,410Net Income 2015: $663,6182015Revenue 2016: $2,327,490Expenses 2016: $2,075,930Net Income 2016: $251,5602016Revenue 2017: $2,241,356Expenses 2017: $2,177,272Net Income 2017: $64,0842017Revenue 2018: $2,370,615Expenses 2018: $2,296,324Net Income 2018: $74,2912018Revenue 2019: $2,254,405Expenses 2019: $2,516,020Net Income 2019: -$261,6152019Revenue 2020: $6,653,392Expenses 2020: $3,379,119Net Income 2020: $3,274,2732020Revenue 2021: $5,438,735Expenses 2021: $3,062,573Net Income 2021: $2,376,1622021Revenue 2022: $4,221,507Expenses 2022: $3,628,639Net Income 2022: $592,8682022Revenue 2023: $4,107,593Expenses 2023: $5,123,533Net Income 2023: -$1,015,9402023Revenue 2024: $6,008,977Expenses 2024: $5,585,083Net Income 2024: $423,8942024

Highlighted filing

2019

Revenue$2,254,405
Expenses$2,516,020
Net Income-$261,615
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$2,395,205
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
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--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessie LeeManaging DirectorFT$150,431$16,319$166,750

Board Members and Trustees

NameTitle
PO YuenChairman
James ZhouBoard Member
Peggy ChanBoard Member
Ping DangBoard Member
Jennifer SunCo-executive Director
Thomas YuCo-executive Director
Chris MalliosDirector of Finance
Raymond LouSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,477,851
Program Service Revenue
$804,232
Investment Income
$23,662
Other Revenue
$-51,340
All Other Contributions
$194,282
Change in Net Assets
$-261,615

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,395,205
Revenue Not Reported on Financial Statements
$-140,800
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-140,800
Total Revenue per Audited Statements
$2,395,205
Total Revenue per Form 990
$2,254,405
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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

Audited Expense Reconciliation

Line ItemAmount
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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$90,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member of the organization is asian american for equality.

Form 990, Part VI, Section A, Line 7A

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.

Form 990, Part VI, Section A, Line 7B

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.

Form 990, Part VI, Section B, Line 11B

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.

Form 990, Part VI, Section B, Line 12C

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.

Form 990, Part VI, Section C, Line 19

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.

Filing and Contact Details

Filer

Filer Name
Renaissance Economic Development
EIN
13-3946529
Phone
2129646022
Address
2 ALLEN STREET 7TH FLOOR, NEW YORK, NY 10002

Signing Officer

Name
Thomas Yu
Title
Co-executive Director
Phone
2129646022
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Yu
Formed
1997
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
5
Employees
27
Volunteers
5

Preparer

Firm
Marks Paneth Llp
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena M Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

The process of overseeing the audit and selection of independent accountant has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

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.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rent expense on sublease offset against rent income -140,800.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rent expense on sublease offset against rent income 140,800.

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IRS990/InterestGrp/ManagementAndGeneralAmt039325
IRS990/InterestGrp/ProgramServicesAmt0190978
IRS990/InterestGrp/TotalAmt0230303
IRS990/InvestmentIncomeGrp/ExclusionAmt023662
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023662
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0473271
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01452210
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01413931
IRS990/LandBldgEquipCostOrOtherBssAmt01887202
IRS990/LegalDomicileStateCd0NY
IRS990/LessRentalExpensesGrp/RealAmt0140800
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RENAISSANCE 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08920383
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09168437
IRS990/NetAssetsOrFundBalancesBOYAmt013573385
IRS990/NetAssetsOrFundBalancesEOYAmt013311770
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-51340
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-51340
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt013281711
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt013067786
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt067276
IRS990/OfficeExpensesGrp/ProgramServicesAmt015326
IRS990/OfficeExpensesGrp/TotalAmt082602
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015522910
IRS990/OtherAssetsTotalGrp/EOYAmt016794514
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018343
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0172009
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0190352
IRS990/OtherExpensesGrp/Desc0BAD DEBTS
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2EDUCATION AND OUTREACH
IRS990/OtherExpensesGrp/Desc3UBIT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030351
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1513
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2764
IRS990/OtherExpensesGrp/ProgramServicesAmt0300789
IRS990/OtherExpensesGrp/ProgramServicesAmt1800
IRS990/OtherExpensesGrp/ProgramServicesAmt27685
IRS990/OtherExpensesGrp/ProgramServicesAmt37138
IRS990/OtherExpensesGrp/TotalAmt0300789
IRS990/OtherExpensesGrp/TotalAmt131151
IRS990/OtherExpensesGrp/TotalAmt28198
IRS990/OtherExpensesGrp/TotalAmt37902
IRS990/OtherLiabilitiesGrp/BOYAmt090000
IRS990/OtherLiabilitiesGrp/EOYAmt090000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0112072
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01052093
IRS990/OtherSalariesAndWagesGrp/TotalAmt01164165
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07856371
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07583251
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010178
IRS990/PayrollTaxesGrp/ProgramServicesAmt095198
IRS990/PayrollTaxesGrp/TotalAmt0105376
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02061
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt019378
IRS990/PensionPlanContributionsGrp/TotalAmt021439
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0422264
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0549498
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017453
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029905
IRS990/PrincipalOfficerNm0THOMAS YU
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541610
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1ADMIN. FEE AND OTHER
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEE
IRS990/ProgramServiceRevenueGrp/Desc3LATE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc4PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0716968
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt155960
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt227668
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32136
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0716968
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt155960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt227668
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32136
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41500
IRS990/ProgSrvcAccomActy2Grp/Desc0SMALL 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/ExpenseAmt0964422
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01569295
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013256
IRS990/PYOtherExpensesAmt0856521
IRS990/PYOtherRevenueAmt0-20120
IRS990/PYProgramServiceRevenueAmt0808184
IRS990/PYRevenuesLessExpensesAmt074291
IRS990/PYSalariesCompEmpBnftPaidAmt01439803
IRS990/PYTotalExpensesAmt02296324
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02370615
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-261615
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-51340
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0802732
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01477851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01569295
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01632529
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01617432
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01183249
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07480356
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0113122
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0113336
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0109002
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt049606
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt028140
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0413206
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04351232
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89830
IRS990ScheduleA/PublicSupportPY170Pct00.89830
IRS990ScheduleA/PublicSupportTotal170Amt07090732
IRS990ScheduleA/SubstantialContributorsTotAmt0389624
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01477851
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01569295
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01632529
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01617432
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01183249
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07480356
IRS990ScheduleA/TotalSupportAmt07893562
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01362366
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0299544
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01661910
IRS990ScheduleD/EquipmentGrp/BookValueAmt041141
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0108341
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0149482
IRS990ScheduleD/ExpensesNotReportedAmt0140800
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02516020
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010424
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt065386
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt075810
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08407585
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12212384
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22608
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31084
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt46170853
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LOAN LOSS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3WORKING CAPITAL ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESTRICTED CASH
IRS990ScheduleD/OtherExpensesIncludedAmt0140800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt090000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-140800
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-140800
IRS990ScheduleD/RevenueSubtotalAmt02395205
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REDC 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/ExplanationTxt1RENT EXPENSE ON SUBLEASE OFFSET AGAINST RENT INCOME -140,800.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENT EXPENSE ON SUBLEASE OFFSET AGAINST RENT INCOME 140,800.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01413931
IRS990ScheduleD/TotalBookValueOtherAssetsAmt016794514
IRS990ScheduleD/TotalExpensesPerForm990Amt02516020
IRS990ScheduleD/TotalLiabilityAmt090000
IRS990ScheduleD/TotalRevenuePerForm990Amt02254405
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02395205
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02656820
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.7$14.8$19.0$6.01$5.59$0.42
2023Summary only. Only limited summary data is available for this year.$32.6$14.1$18.5$4.11$5.12$1.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.3$11.7$19.6$4.22$3.63$0.59
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.5$16.6$19.0$5.44$3.06$2.38
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.0$17.5$16.6$6.65$3.38$3.27
2019Detailed filing. Detailed filing data is available for this year.$26.9$13.6$13.3$2.25$2.52$0.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.9$12.4$13.6$2.37$2.30$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.9$13.4$13.5$2.24$2.18$0.06
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.7$10.3$13.5$2.33$2.08$0.25
2015Detailed filing. Detailed filing data is available for this year.$20.9$7.70$13.2$2.62$1.96$0.66
2014Detailed filing. Detailed filing data is available for this year.$20.7$8.20$12.5$1.68$1.72$0.04
2013Detailed filing. Detailed filing data is available for this year.$20.1$7.55$12.6$2.04$2.03$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.0$6.38$12.6$1.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$5.04$12.2$1.50
2010Summary only. Only limited summary data is available for this year.$14.7$2.63$12.1$1.45$2.14$0.69