Civic Intelligence

The Renaissance Collaborative Inc.

990 • Fiscal year 2020 • EIN 36-3843379

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 13, 2021

3757 South WabashChicago, IL 60653

(773) 924-9270

Siviq Scores

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

Liabilities / Assets

97th percentile

1.42x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

5.14x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

34th percentile

$85,000

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

37th percentile

2.0%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-2.5%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,523,998

Up $106,197 (+2.0%) from 2019

Net Assets

Down

-$2,332,700

Down $357,220 (-18%) from 2019

Liabilities

Up

$7,856,698

Up $463,417 (+6.3%) from 2019

Revenue

Down

$1,527,797

Down $38,783 (-2.5%) from 2019

Expenses

Down

$1,822,920

Down $172,532 (-8.6%) from 2019

Net Income

Up

-$295,123

Up $133,749 (+31%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2014: $7,535,061Liabilities 2014: $7,409,892Net Assets 2014: $125,1692014Assets 2015: $7,142,116Liabilities 2015: $7,401,084Net Assets 2015: -$258,9682015Assets 2017: $6,787,789Liabilities 2017: $7,606,878Net Assets 2017: -$819,0892017Assets 2018: $5,982,253Liabilities 2018: $7,557,981Net Assets 2018: -$1,575,7282018Assets 2019: $5,417,801Liabilities 2019: $7,393,281Net Assets 2019: -$1,975,4802019Assets 2020: $5,523,998Liabilities 2020: $7,856,698Net Assets 2020: -$2,332,7002020Assets 2021: $5,527,481Liabilities 2021: $8,021,738Net Assets 2021: -$2,494,2572021Assets 2022: $5,198,070Liabilities 2022: $7,980,694Net Assets 2022: -$2,782,6242022Assets 2024: $9,520,441Liabilities 2024: $8,383,303Net Assets 2024: $1,137,1382024

Highlighted filing

2020

Assets$5,523,998
Liabilities$7,856,698
Net Assets-$2,332,700

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 2014: $1,560,037Expenses 2014: $1,942,374Net Income 2014: -$382,3372014Revenue 2015: $1,643,977Expenses 2015: $1,924,491Net Income 2015: -$280,5142015Revenue 2017: $1,746,195Expenses 2017: $1,908,386Net Income 2017: -$162,1912017Revenue 2018: $1,679,025Expenses 2018: $1,812,907Net Income 2018: -$133,8822018Revenue 2019: $1,566,580Expenses 2019: $1,995,452Net Income 2019: -$428,8722019Revenue 2020: $1,527,797Expenses 2020: $1,822,920Net Income 2020: -$295,1232020Revenue 2021: $1,738,390Expenses 2021: $1,850,083Net Income 2021: -$111,6932021Revenue 2022: $1,532,055Expenses 2022: $1,896,262Net Income 2022: -$364,2072022Revenue 2024: $6,331,321Expenses 2024: $2,171,734Net Income 2024: $4,159,5872024

Highlighted filing

2020

Revenue$1,527,797
Expenses$1,822,920
Net Income-$295,123
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 13, 2021
Return Version
2020v4.0
Gross Receipts
$1,527,797
Mission and Program Overview

Mission

Provide affordable housing and a suitable living environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,448,003$3,062,480▼ $385,523
Investments in Publicly Traded Securities$1,589,525$1,620,539▲ $31,014
Cash and Non-Interest-Bearing Accounts$37,665$264,364▲ $226,699
Intangible Assets$6,036$68,379▲ $62,343
Other Notes and Loans Receivable, Net$10,000$61,052▲ $51,052
Accounts Receivable$130,986$53,228▼ $77,758
Pledges and Grants Receivable$46,675$25,372▼ $21,303
Prepaid Expenses and Deferred Charges$2,951$5,789▲ $2,838
Savings and Temporary Cash Investments-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$5,417,801$5,523,998▲ $106,197
Other Assets Total$145,960$362,795▲ $216,835
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,168,618$7,394,018▲ $225,400
Deferred Revenue$46,751$206,880▲ $160,129
Unsecured Notes Loans Payable$35,982$101,219▲ $65,237
Other Liabilities$21,526$87,443▲ $65,917
Accounts Payable and Accrued Expenses$120,404$67,138▼ $53,266
Total Liabilities$7,393,281$7,856,698▲ $463,417
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,975,480$-2,332,700▼ $357,220
Total Net Assets Fund Balance$-1,975,480$-2,332,700▼ $357,220
Total Liabilities and Net Assets / Fund Balance$5,417,801$5,523,998▲ $106,197

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,822,935$7,540,949$10,363,884
Other Land Buildings$170,023$317,266$487,289
Equipment$19,549$73,446$92,995
Land$49,973-$49,973
Other Assets Org$16,873--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Patricia AbramsExecutive DirectorFT$85,000$85,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$457,509
Program Service Revenue
$966,667
Investment Income
$61,208
Other Revenue
$42,413
All Other Contributions
$95,448
Change in Net Assets
$-295,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$961,931
Other Expenses$860,989
Total Fundraising Expense$139,662
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$495,100$116,970$96,067$708,137
Depreciation Depletion$384,146$7,488-$391,634
Payroll Taxes$130,012$24,821$13,961$168,794
Fees for Services Other$29,959$61,895-$91,854
Current Officers, Directors, Trustees, and Key Employees$59,500$13,600$11,900$85,000
All Other Expenses$40,941$15,344$12,291$68,576
Information Technology$16,109$8,304$2,661$27,074
Other Expenses$26,551--$26,551
Office Expenses$20,335$2,632$1,786$24,753
Insurance$11,917$5,653$996$18,566
Travel$760$392-$1,152
Total Functional Expenses$1,426,159$257,099$139,662$1,822,920
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$42,413
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$42,413$42,413-$42,413
Total Events$42,413$42,413-$42,413
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Corporate Payable$61,052
Tenant Security Deposits$16,779
Other Security Deposit$8,000
Tenant Match Account$1,612
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The organization's governing body reviews form 990 during its board meetings; before filing the return.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Renaissance Collaborative Inc
EIN
36-3843379
Phone
7739249270
Address
3757 SOUTH WABASH, CHICAGO, IL 60653

Signing Officer

Name
Patricia Abrams
Title
Executive Director
Signed
2021-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Abrams
Formed
1993
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
51

Preparer

Firm
Ragland Arnold Buchanan Morris & Associ
Address
9457 Enterprise Drive, Mokena, IL 60448
Preparer
Lyle Morris
Phone
7083330634
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Prior period adjustments = -$62097

Financial Statement Notes

Part X : FIN48 Footnote

Management believes that all of the positions taken by the Organization in its Federal and State income tax returns are more likely than not to be sustained upon examination. The Organization files returns in the U.S. Federal Jurisdiction and Illinois Attorney's General Office.

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