Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
990 • Fiscal year 2023 • EIN 13-3946529
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
68th percentile
Higher top officer pay than 68% of similar nonprofits.
Top officer pay equals 8.4% of source-year revenue.
Asset Growth
42nd percentile
Faster asset growth than 42% of similar nonprofits.
Revenue Growth
33rd percentile
Faster revenue growth than 33% of similar nonprofits.
Assets
Flat$32,593,576
Flat from 2023
Net Assets
Flat$18,539,133
Flat from 2023
Liabilities
Flat$14,054,443
Flat from 2023
Revenue
Flat$4,107,593
Flat from 2023
Expenses
Flat$5,123,533
Flat from 2023
Net Income
Flat-$1,015,940
Flat from 2023
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 | $5,953,994 | $8,502,252 | ▲ $2,548,258 |
| Cash and Non-Interest-Bearing Accounts | $3,090,619 | $5,486,266 | ▲ $2,395,647 |
| Land, Buildings, and Equipment, Net | $1,343,587 | $1,229,151 | ▼ $114,436 |
| Pledges and Grants Receivable | $993,168 | $562,449 | ▼ $430,719 |
| Savings and Temporary Cash Investments | $135,000 | - | - |
| Prepaid Expenses and Deferred Charges | $13,641 | $60,535 | ▲ $46,894 |
| Total Assets | $31,291,579 | $32,593,576 | ▲ $1,301,997 |
| Other Assets Total | $19,761,570 | $16,752,923 | ▼ $3,008,647 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $5,986,508 | $6,713,493 | ▲ $726,985 |
| Deferred Revenue | $1,471,158 | $3,727,601 | ▲ $2,256,443 |
| Unsecured Notes Loans Payable | $3,709,961 | $3,000,000 | ▼ $709,961 |
| Accounts Payable and Accrued Expenses | $478,879 | $607,511 | ▲ $128,632 |
| Other Liabilities | $90,000 | $5,838 | ▼ $84,162 |
| Total Liabilities | $11,736,506 | $14,054,443 | ▲ $2,317,937 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $16,069,201 | $16,399,071 | ▲ $329,870 |
| Net Assets With Donor Restrictions | $3,485,872 | $2,140,062 | ▼ $1,345,810 |
| Total Net Assets Fund Balance | $19,555,073 | $18,539,133 | ▼ $1,015,940 |
| Total Liabilities and Net Assets / Fund Balance | $31,291,579 | $32,593,576 | ▲ $1,301,997 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,169,804 | $499,796 | $1,669,600 |
| Equipment | $31,733 | $169,378 | $201,111 |
| Leasehold Improvements | $27,614 | $76,196 | $103,810 |
| Other Assets Org | $8,177,515 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jessie Lee | Managing Director | FT | $175,773 | $25,098 | $200,871 |
| Jannie Lai | Director of Programs | FT | $116,593 | $38,093 | $154,686 |
| Veronique Marcus | Director of Programs | FT | $124,567 | $4,541 | $129,108 |
| Mary Liu | Board Member (outgoing) | - | $63,613 | $22,640 | $86,253 |
| Name | Title |
|---|---|
| Thomas Yu | President/executive Director |
| Gigi Lau Gilsinan | Board Member |
| Kyle Foley | Board Member |
| Michael Lee | Board Member |
| Timothy Wong | Board Member |
| Tony Lin | Board Member |
| Turney Singh Baba | Board Member |
| Ping Dang | Board Member (outgoing) |
| Joy Suzanne Granado | CFO |
| Raymond Lou | Secretary |
| Peggy Chan | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $2,947,165 |
| Other Expenses | $2,176,368 |
| Total Fundraising Expense | $365,459 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,817,910 | $153,208 | $109,536 | $2,080,654 |
| Fees for Services Other | $334,403 | $89,085 | $66,983 | $490,471 |
| Other Employee Benefits | $277,653 | $21,160 | $9,650 | $308,463 |
| Current Officers, Directors, Trustees, and Key Employees | $107,633 | $104,801 | $74,671 | $287,105 |
| Occupancy | $217,040 | $20,013 | - | $237,053 |
| Fees for Services Management | $102,979 | $48,951 | $73,173 | $225,103 |
| Payroll Taxes | $173,659 | $21,840 | $13,342 | $208,841 |
| Interest | $141,587 | $32,235 | - | $173,822 |
| Office Expenses | $149,899 | $18,853 | - | $168,752 |
| Depreciation Depletion | $103,357 | $12,998 | - | $116,355 |
| Fees for Services Legal | $75,404 | $20,088 | $15,104 | $110,596 |
| Advertising | $62,587 | $7,871 | - | $70,458 |
| Pension Plan Contributions | $54,354 | $4,748 | $3,000 | $62,102 |
| Travel | $20,014 | $13,177 | - | $33,191 |
| Insurance | $21,757 | $2,736 | - | $24,493 |
| Other Expenses | $13,229 | $1,664 | - | $14,893 |
| Total Functional Expenses | $4,179,362 | $578,712 | $365,459 | $5,123,533 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $5,172,278 |
| Expenses per Audited Statements | $5,123,533 |
| Total Expenses per Form 990 | $5,123,533 |
| Expenses Not Reported on Form 990 | $48,745 |
| Expenses Not Reported on Financial Statements | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Affiliates | $5,838 |
“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 organization'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, 2023 and 2022 n 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 -48,745.”
“Rent expense on sublease offset against rent income 48,745.”
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 | 478879 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 607511 |
| 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 | 7871 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 62587 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 70458 |
| IRS990/AllOtherContributionsAmt | 0 | 597593 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THOMAS YU PRESIDENTED |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2129646022 |
| 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 | 3090619 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 5486266 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 74671 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 104801 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 107633 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 287105 |
| 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 | 2862492 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 60781 |
| IRS990/CYOtherExpensesAmt | 0 | 2176368 |
| IRS990/CYOtherRevenueAmt | 0 | 116695 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1067625 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -1015940 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 2947165 |
| IRS990/CYTotalExpensesAmt | 0 | 5123533 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 365459 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 4107593 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 1471158 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 3727601 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 12998 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 103357 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 116355 |
| IRS990/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/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3485872 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2140062 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 36 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 2314935 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesLegalGrp/FundraisingAmt | 0 | 15104 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 20088 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 75404 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 110596 |
| IRS990/FeesForServicesManagementGrp/FundraisingAmt | 0 | 73173 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 48951 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 102979 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 225103 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 66983 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 89085 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 334403 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 490471 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 37.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.40 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 35.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 1 | X |
| 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/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | 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/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 22640 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 66264 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 25098 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 28045 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 38093 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 4541 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | KYLE FOLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MARY LIU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | PEGGY CHAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | PING DANG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | RAYMOND LOU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | THOMAS YU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | TIMOTHY WONG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | TURNEY SINGH BABA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | GIGI LAU GILSINAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | MICHAEL LEE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | TONY LIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | JESSIE LEE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | JOY SUZANNE GRANADO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | JANNIE LAI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | VERONIQUE MARCUS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 63613 |
| 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 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 175773 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 116593 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 124567 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 279045 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 192545 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD MEMBER (OUTGOING) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER (OUTGOING) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | PRESIDENT/EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | MANAGING DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | CFO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR OF PROGRAMS |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR OF PROGRAMS |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1997 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GovernmentGrantsAmt | 0 | 2264899 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 4156338 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 165440 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 2736 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 21757 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 24493 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 32235 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 141587 |
| IRS990/InterestGrp/TotalAmt | 0 | 173822 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 60781 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 60781 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 17 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 745370 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1343587 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1229151 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1974521 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 48745 |
| 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 | 5986508 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 6713493 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 19555073 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 18539133 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 116695 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 116695 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 16069201 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 16399071 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 20013 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 217040 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 237053 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 18853 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 149899 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 168752 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 19761570 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 16752923 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 9650 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 21160 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 277653 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 308463 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBTS |
| IRS990/OtherExpensesGrp/Desc | 1 | LEGAL SETTLEMENT |
| IRS990/OtherExpensesGrp/Desc | 2 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/Desc | 3 | EQUIPMENT RENTAL |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 5284 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 1664 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 391880 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 72000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 42017 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 13229 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 391880 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 72000 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 47301 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 14893 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 90000 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 5838 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 109536 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 153208 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1817910 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 2080654 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 5953994 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 8502252 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 13342 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 21840 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 173659 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 208841 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 3000 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 4748 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 54354 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 62102 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 993168 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 562449 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 13641 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 60535 |
| IRS990/PrincipalOfficerNm | 0 | THOMAS YU |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | ADMIN. FEE AND OTHER |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | LOAN INTEREST |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 589389 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 478236 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 589389 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 478236 |
| IRS990/ProgSrvcAccomActy2Grp/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/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 1864427 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 3866453 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 24572 |
| IRS990/PYOtherExpensesAmt | 0 | 1471859 |
| IRS990/PYOtherRevenueAmt | 0 | -209224 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 539706 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 592868 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 2156780 |
| IRS990/PYTotalExpensesAmt | 0 | 3628639 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 4221507 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -1015940 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 116695 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 1067625 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 135000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 2862492 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3866453 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4494801 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5787757 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1477851 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 18489354 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 60781 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 63372 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 28524 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 69773 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 113122 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 335572 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 4474145 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.84390 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.83750 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 15886849 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 2602505 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 2862492 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3866453 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4494801 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5787757 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1477851 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 18489354 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 18824926 |
| 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 | 1169804 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 499796 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1669600 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 31733 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 169378 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 201111 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 48745 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.