Civic Intelligence

Renaissance Social Services Inc.

990 • Fiscal year 2016 • EIN 36-3900116

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 21, 2017

333 N Oakley Blvd No 101Chicago, IL 60612

(773) 645-8900

Siviq Scores

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

Liabilities / Assets

94th percentile

1.25x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

46th percentile

0.09x

Higher debt load relative to revenue than 46% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

28th percentile

-5.5%

Higher net margin than 28% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

80th percentile

$131,624

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

2nd percentile

-42%

Faster asset growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

53rd percentile

3.9%

Faster revenue growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$195,846

Down $140,111 (-42%) from 2015

Net Assets

Down

-$48,559

Down $157,399 (-145%) from 2015

Liabilities

Up

$244,405

Up $17,288 (+7.6%) from 2015

Revenue

Up

$2,872,468

Up $106,509 (+3.9%) from 2015

Expenses

Up

$3,029,867

Up $310,453 (+11%) from 2015

Net Income

Down

-$157,399

Down $203,944 (-438%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $87,439Liabilities 2010: $61,937Net Assets 2010: $25,5022010Assets 2011: $98,635Liabilities 2011: $35,203Net Assets 2011: $63,4322011Assets 2012: $103,310Liabilities 2012: $65,989Net Assets 2012: $37,3212012Assets 2013: $249,207Liabilities 2013: $183,674Net Assets 2013: $65,5332013Assets 2014: $261,496Liabilities 2014: $199,201Net Assets 2014: $62,2952014Assets 2015: $335,957Liabilities 2015: $227,117Net Assets 2015: $108,8402015Assets 2016: $195,846Liabilities 2016: $244,405Net Assets 2016: -$48,5592016Assets 2017: $266,138Liabilities 2017: $245,901Net Assets 2017: $20,2372017Assets 2018: $387,882Liabilities 2018: $273,584Net Assets 2018: $114,2982018Assets 2019: $823,200Liabilities 2019: $395,422Net Assets 2019: $427,7782019Assets 2020: $1,447,017Liabilities 2020: $1,037,890Net Assets 2020: $409,1272020Assets 2021: $2,138,317Liabilities 2021: $1,452,347Net Assets 2021: $685,9702021Assets 2022: $2,571,863Liabilities 2022: $2,194,291Net Assets 2022: $377,5722022Assets 2024: $3,364,310Liabilities 2024: $4,164,121Net Assets 2024: -$799,8112024

Highlighted filing

2016

Assets$195,846
Liabilities$244,405
Net Assets-$48,559

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $523,4652010Expenses 2011: $868,8552011Expenses 2012: $1,353,8182012Revenue 2013: $2,085,388Expenses 2013: $2,057,176Net Income 2013: $28,2122013Revenue 2014: $2,414,660Expenses 2014: $2,417,898Net Income 2014: -$3,2382014Revenue 2015: $2,765,959Expenses 2015: $2,719,414Net Income 2015: $46,5452015Revenue 2016: $2,872,468Expenses 2016: $3,029,867Net Income 2016: -$157,3992016Revenue 2017: $3,246,448Expenses 2017: $3,177,653Net Income 2017: $68,7952017Revenue 2018: $3,910,044Expenses 2018: $3,815,983Net Income 2018: $94,0612018Revenue 2019: $4,853,045Expenses 2019: $4,539,565Net Income 2019: $313,4802019Revenue 2020: $5,214,351Expenses 2020: $5,155,327Net Income 2020: $59,0242020Revenue 2021: $6,632,596Expenses 2021: $6,355,753Net Income 2021: $276,8432021Revenue 2022: $7,065,789Expenses 2022: $7,374,187Net Income 2022: -$308,3982022Revenue 2024: $11,152,200Expenses 2024: $11,531,628Net Income 2024: -$379,4282024

Highlighted filing

2016

Revenue$2,872,468
Expenses$3,029,867
Net Income-$157,399
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 21, 2017
Return Version
2016v3.0
Gross Receipts
$2,882,454
Mission and Program Overview

Mission

Renaissance Social Services (RSSI) is a unique organization that connects those in need with housing that is safe, quality and affordable. After helping clients attain housing RSSI provides them with comprehensive, flexible, client focused support case management services. The flexible service delivery model gives RSSI clients the opportunity to live on their own with the support they need to be successful. The goal is to empower the individual or family to become as autonomous from RSSI and the social service system as possible.

Develop low-income residential facilities & address needs of individuals in these facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$170,832$85,827▼ $85,005
Cash and Non-Interest-Bearing Accounts$121,535$56,754▼ $64,781
Accounts Receivable-$29,605-
Prepaid Expenses and Deferred Charges$31,219$7,463▼ $23,756
Total Assets$335,957$195,846▼ $140,111
Other Assets Total$12,371$16,197▲ $3,826
Liabilities
Other Liabilities$147,610$115,420▼ $32,190
Accounts Payable and Accrued Expenses$79,507$101,985▲ $22,478
Unsecured Notes Loans Payable-$27,000-
Total Liabilities$227,117$244,405▲ $17,288
Net Assets / Fund Balance
Temporarily Rstr Net Assets$192,320$124,048▼ $68,272
Unrestricted Net Assets$-83,480$-172,607▼ $89,127
Total Net Assets Fund Balance$108,840$-48,559▼ $157,399
Total Liabilities and Net Assets / Fund Balance$335,957$195,846▼ $140,111

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,700--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael BanghartExecutive DirectorFT$109,401$22,223$131,624

Board Members and Trustees

NameTitle
Andrew LowenthalImmediate Past President
Karen ThomasPresident
Robin L DavidVice President
Jennifer FortneyDirector
Katherine MazzoccoDirector
Melissa RecattoDirector
Nancy KappDirector
Shepard GouldDirector
Gloria EvansResident Representative
Ahu FaustSecretary
Todd KrumwiedeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,649,966
Program Service Revenue
$219,992
Investment Income
$0
Other Revenue
$2,510
All Other Contributions
$257,358
Change in Net Assets
$-157,399

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,872,468
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$37,125
Total Revenue per Audited Statements
$2,909,593
Total Revenue per Form 990
$2,872,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,378,744
Salaries, Compensation, and Employee Benefits$1,268,540
Other Expenses$382,583
Total Fundraising Expense$116,270
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,378,744--$1,378,744
Other Salaries and Wages$651,982$142,883$84,188$879,053
Other Employee Benefits$117,879$34,746$14,220$166,845
Current Officers, Directors, Trustees, and Key Employees$65,812$65,812-$131,624
Payroll Taxes$54,801$19,068$6,112$79,981
Fees for Services Other$65,698$9,542-$75,240
Office Expenses$45,521$4,768$4,283$54,572
Occupancy$31,668$6,233$3,322$41,223
Other Expenses$16,919$2,748$1,647$21,314
Fees for Services Accounting-$20,082-$20,082
Insurance$5,142$9,954-$15,096
Pension Plan Contributions$8,116$1,849$1,072$11,037
All Other Expenses$1,202$4,580$509$6,291
Advertising$3,287$300$746$4,333
Interest-$2,067-$2,067
Fees for Services Legal-$532-$532
Total Functional Expenses$2,557,569$356,028$116,270$3,029,867

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,066,992
Expenses per Audited Statements$3,029,867
Total Expenses per Form 990$3,029,867
Expenses Not Reported on Form 990$37,125
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,905
Fundraising Direct Expenses$9,986
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$77,507$11,905$1,732$10,173
Total Events$77,507$11,905$9,986$1,919
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Nancy KappBoard MemberSched. O - Ms. Kapp, Board Member, owns a 95% interest in Renaissance Family, LLC which has ownership interests in multifamily, affordable housing partnerships. The remaining 5% is owned by Renaissance Social Services, Inc.No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$114,235
Client savings$1,185
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 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The Form 990 was initially reviewed by the Executive Director. It was then reviewed and preliminarily approved by the Finance Committee. It was finally reviewed and approved by the full Board of Directors prior to filing.

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

In January of each year, officers, directors and key employees disclose any potential relationships that may cause a conflicts of interest. When an event occurs that may trigger a conflict, the potential conflict is investigated.

Form 990, Part VI, Section B, line 15

Salary for the Executive Director was based on funds available for salaries from grants. The board of directors completed a compensation analysis in 2009-2010 and found the ED was being paid on the low end of comparable organizations. Employee salaries are based on a market analysis of salaries for employees with similar job titles and responsibilities, and on funds available. Salaries are documented in the letters of hire and raises are reviewed with the finance committee.

Form 990, Part VI, Section C, line 19

Annual financial statements are posted on the organization's website with a link to Guidestar which posts the Organization's 990.

Filing and Contact Details

Filer

Filer Name
Renaissance Social Services Inc
EIN
36-3900116
Phone
7736458900
Address
333 N Oakley Blvd No 101, Chicago, IL 60612

Signing Officer

Name
Michael Banghart
Title
Executive Director
Phone
7736458900
Signed
2017-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Banghart
Formed
1993
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
9
Employees
33
Volunteers
19

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Ave, Chicago, IL 60643
Preparer
Paul Betlinski
Phone
7737794720
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

FIN 48 Note from Audited Financial Statements Renaissance Social Services, Inc. was granted an exemption from federal income tax by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). RSSI qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private foundation under Section 509(a)(1). The tax exempt purpose of RSSI and the nature in which it operates is described in the first paragraph of Note 1. Management believes the Organization continues to operate in compliance with its tax exempt purpose. RSSI's annual information and tax returns filed with the federal and state governments are generally subject to examination by the Internal Revenue Service for three years after filing.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Immediate Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Resident Representative
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Executive Director
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IRS990/MissionDesc0Renaissance Social Services (RSSI) is a unique organization that connects those in need with housing that is safe, quality and affordable. After helping clients attain housing RSSI provides them with comprehensive, flexible, client focused support case management services. The flexible service delivery model gives RSSI clients the opportunity to live on their own with the support they need to be successful. The goal is to empower the individual or family to become as autonomous from RSSI and the social service system as possible.
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IRS990/PrincipalOfficerNm0Michael Banghart
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Housing Stability Program serves homeless and disabled families and individuals, chronically homeless individuals and those at risk of becoming homeless throughout Chicago by helping them attain affordable permanent housing at one of the buildings we serve. We provide them with ongoing supportive case management services which are individualized to meet the needs of the specific individual or family and are focused attaining a greater level of autonomy. Ultimately the goal is to enable the family or person to have the skills necessary to no longer need services from RSSI.To qualify for this program the head of household must be homeless and have a disability. Qualifying disabilities include Mental Health, Physical, HIV/AIDS and/or a Substance Induced Disorder. The disability must be of a long-continued duration, impedes ones ability to live independently, and be of a nature that could be improved by more suitable housing, or be from AIDs or conditions arising from its etiological effects.RSSI's team of case managers provides services which are tailored to meet the needs of the individual or family. Intensity of services is initially very intense when a client enters the program and less so as time passes and the client increases autonomy. Collaboration with the client is key for the process of increasing their self-determination, and goals and services are agreed upon jointly so everyone has a role in the delivery of services.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0808745
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0343944
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt037808
IRS990/ProgSrvcAccomActy3Grp/Desc0Prevention-Renaissance works to avert homelessness among those in crisis. This is done primarily through our participation in the Emergency Fund which enables us to provide short-term assistance with financial hardships to any person in the community. Requests for assistance are generally processed at the beginning of each month and an individual may qualify for assistance no more than once per year.In addition to prevention funds, Renaissance also provides prevention housing to low-income seniors who are 55 or older, are living with a disability and are at risk for homelessness. Currently its senior housing program is based at RRG's Kilpatrick Renaissance location on Chicago's North West Side.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0151494
IRS990/ProgSrvcAccomActy3Grp/GrantAmt011992
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other programs include rapid housing.
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Renaissance Realty Group
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Refundable Advances
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Client savings
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IRS990ScheduleD/RevenueSubtotalAmt02872468
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 Note from Audited Financial Statements Renaissance Social Services, Inc. was granted an exemption from federal income tax by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). RSSI qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private foundation under Section 509(a)(1). The tax exempt purpose of RSSI and the nature in which it operates is described in the first paragraph of Note 1. Management believes the Organization continues to operate in compliance with its tax exempt purpose. RSSI's annual information and tax returns filed with the federal and state governments are generally subject to examination by the Internal Revenue Service for three years after filing.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$4.16$0.80$11.2$11.5$0.38
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$2.19$0.38$7.07$7.37$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$1.45$0.69$6.63$6.36$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$1.04$0.41$5.21$5.16$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.40$0.43$4.85$4.54$0.31
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.27$0.11$3.91$3.82$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.25$0.02$3.25$3.18$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.24$0.05$2.87$3.03$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.23$0.11$2.77$2.72$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.20$0.06$2.41$2.42$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.25$0.18$0.07$2.09$2.06$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.07$0.04$1.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.04$0.06$0.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.06$0.03$0.52