Civic Intelligence

Renaissance Development Fund

990 • Fiscal year 2017 • EIN 38-3367429

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

80 W Main StBenton Harbor, MI 49022

(269) 925-6100

Siviq Scores

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

Liabilities / Assets

97th percentile

1.24x

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

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

97.70x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

1st percentile

-382%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

25th percentile

$213,187

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 24.2% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

88th percentile

24%

Faster asset growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

51st percentile

5.5%

Faster revenue growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Up

$69,680,956

Up $13,641,958 (+24%) from 2016

Net Assets

Down

-$16,504,649

Down $8,836,690 (-115%) from 2016

Liabilities

Up

$86,185,605

Up $22,478,648 (+35%) from 2016

Revenue

Up

$882,106

Up $45,852 (+5.5%) from 2016

Expenses

Up

$4,248,796

Up $2,335,149 (+122%) from 2016

Net Income

Down

-$3,366,690

Down $2,289,297 (-212%) from 2016

Historical Trend

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2010: $68,596,991Liabilities 2010: $66,184,913Net Assets 2010: $2,412,0782010Assets 2011: $74,327,213Liabilities 2011: $77,928,052Net Assets 2011: -$3,600,8392011Assets 2012: $85,877,954Liabilities 2012: $88,243,868Net Assets 2012: -$2,365,9142012Assets 2013: $71,591,843Liabilities 2013: $76,039,633Net Assets 2013: -$4,447,7902013Assets 2014: $71,353,063Liabilities 2014: $74,750,691Net Assets 2014: -$3,397,6282014Assets 2015: $63,907,669Liabilities 2015: $71,887,676Net Assets 2015: -$7,980,0072015Assets 2016: $56,038,998Liabilities 2016: $63,706,957Net Assets 2016: -$7,667,9592016Assets 2017: $69,680,956Liabilities 2017: $86,185,605Net Assets 2017: -$16,504,6492017Assets 2018: $63,466,471Liabilities 2018: $82,399,735Net Assets 2018: -$18,933,2642018Assets 2019: $28,671,588Liabilities 2019: $37,664,676Net Assets 2019: -$8,993,0882019Assets 2020: $29,918,588Liabilities 2020: $35,250,859Net Assets 2020: -$5,332,2712020Assets 2021: $26,943,889Liabilities 2021: $32,965,079Net Assets 2021: -$6,021,1902021Assets 2022: $22,142,034Liabilities 2022: $32,345,602Net Assets 2022: -$10,203,5682022Assets 2023: $20,236,384Liabilities 2023: $29,543,621Net Assets 2023: -$9,307,2372023Assets 2024: $19,841,908Liabilities 2024: $27,897,571Net Assets 2024: -$8,055,6632024

Highlighted filing

2017

Assets$69,680,956
Liabilities$86,185,605
Net Assets-$16,504,649

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $4,786,7772010Expenses 2011: $6,414,3652011Expenses 2012: $6,885,1132012Revenue 2013: $17,136,640Expenses 2013: $7,539,996Net Income 2013: $9,596,6442013Revenue 2014: $7,891,980Expenses 2014: $6,272,046Net Income 2014: $1,619,9342014Revenue 2015: $3,341,075Expenses 2015: $5,615,154Net Income 2015: -$2,274,0792015Revenue 2016: $836,254Expenses 2016: $1,913,647Net Income 2016: -$1,077,3932016Revenue 2017: $882,106Expenses 2017: $4,248,796Net Income 2017: -$3,366,6902017Revenue 2018: $2,098,010Expenses 2018: $4,316,009Net Income 2018: -$2,217,9992018Revenue 2019: $14,531,595Expenses 2019: $4,388,034Net Income 2019: $10,143,5612019Revenue 2020: $6,916,378Expenses 2020: $3,255,561Net Income 2020: $3,660,8172020Revenue 2021: $2,827,375Expenses 2021: $3,516,294Net Income 2021: -$688,9192021Revenue 2022: $2,743,175Expenses 2022: $2,820,695Net Income 2022: -$77,5202022Revenue 2023: $5,877,883Expenses 2023: $3,204,065Net Income 2023: $2,673,8182023Revenue 2024: $4,163,048Expenses 2024: $3,861,069Net Income 2024: $301,9792024

Highlighted filing

2017

Revenue$882,106
Expenses$4,248,796
Net Income-$3,366,690
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$2,186,933
Mission and Program Overview

Mission

The organization, partnering with cornerstone alliance, engages in the development of economic growth for the cities of benton harbor and st. Joseph and the townships of benton, lincoln and royalton.

The renaissance development fund is engaged in the development and implementation of economic growth for the cities of benton harbor and st. Joseph and the townships of benton, lincoln and royalton.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$817,985$18,580,176▲ $17,762,191
Other Notes and Loans Receivable, Net$4,478,940$4,149,098▼ $329,842
Savings and Temporary Cash Investments$2,192,699$2,324,714▲ $132,015
Accounts Receivable$35,038$252,522▲ $217,484
Investments Other Securities$38,094$39,607▲ $1,513
Investments Program Related$-3,047,245$0▲ $3,047,245
Total Assets$56,038,998$69,680,956▲ $13,641,958
Other Assets Total$51,523,487$44,334,839▼ $7,188,648
Liabilities
Mortgage Notes Payable Secured by Investment Property$46,162,416$48,284,724▲ $2,122,308
Other Liabilities$16,887,773$34,614,467▲ $17,726,694
Accounts Payable and Accrued Expenses$656,768$3,286,414▲ $2,629,646
Total Liabilities$63,706,957$86,185,605▲ $22,478,648
Net Assets / Fund Balance
Temporarily Rstr Net Assets$229,222$229,536▲ $314
Unrestricted Net Assets$-7,897,181$-16,734,185▼ $8,837,004
Total Net Assets Fund Balance$-7,667,959$-16,504,649▼ $8,836,690
Total Liabilities and Net Assets / Fund Balance$56,038,998$69,680,956▲ $13,641,958

Asset Categories

AssetBook ValueDepreciationBasis
Land$16,528,247-$16,528,247
Leasehold Improvements$1,624,874-$1,624,874
Other Land Buildings$427,055$70,479$497,534
Other Assets Org$335,739--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Greg VaughnPresidentPT$127,927$127,927
Ronald GriesingerCFOPT$119,511$119,511

Board Members and Trustees

NameTitle
Jim TomczykVice President
Alan BerryDirector
David BlyDirector
Ken AnkliDirector
Robert ClevelandSecretary
David SchafferTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Evergreen Development CompanyManagement Services400 RIVERVIEW DR, Benton Harbor, MI 49022$832,900
Revenue and Support

Revenue Composition

Contributions and Grants
$30,963
Program Service Revenue
$18,653
Investment Income
$586,520
Other Revenue
$245,970
Change in Net Assets
$-3,366,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,248,296
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,146,749--$2,146,749
Fees for Services Management-$832,900-$832,900
Fees for Services Other$43,821$266,282-$310,103
Advertising$195,250--$195,250
Occupancy$155,250$7,200-$162,450
Fees for Services Accounting-$109,179-$109,179
Office Expenses$47,591$50,041-$97,632
Fees for Services Legal$876$65,783-$66,659
Depreciation Depletion$63,962--$63,962
Insurance$3,520$25,480-$29,000
Other Expenses$3,390$15,510-$3,390
Travel$2,326--$2,326
Conferences and Meetings-$854-$854
Grants to Domestic Individuals$500--$500
Total Functional Expenses$2,875,567$1,373,229$0$4,248,796
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
Deferred Tif Revenue$31,787,389
Due to Harbor Shores Community Redevelopment, Inc$1,527,076
Deferred Hv Development Costs$1,073,420
Line of Credit$224,182
Security Deposit - Rentals$2,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Section A, Line 7A

Cornerstone alliance has the power to appoint the board of directors of renaissance development fund.

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

Cfo of the organization reviews the draft 990. After their review, management of the organization emails a draft copy of the form 990 to all board members for their review prior to filing.

Form 990, Part VI, Section B, Line 15

Compensation of the organization's officers is determined by the related organization from which they are compensated. The related organization's process is as follows: compensation for the president/ceo is reviewed and approved by the compensation committee. Compensation committee uses comparable data to review president/ceo compensation. The compensation for the remaining officers and key employees is reviewed and approved by the president/ceo. The most recent year for this evaluation was 2017.

Form 990, Part VI, Section C, Line 19

A copy of the organization's governing documents, conflict of interest policy, and financial statements are available upon request at the renaissance development office.

Filing and Contact Details

Filer

Filer Name
Renaissance Development Fund
EIN
38-3367429
Phone
2699256100
Address
80 W MAIN ST, BENTON HARBOR, MI 49022

Signing Officer

Name
Ron Griesinger
Title
CFO
Phone
2699256100
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Vaughn
Formed
1997
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Plante & Moran Pllc
Address
511 RENAISSANCE DR STE 120, ST JOSEPH, MI 49085
Preparer
Lynne M Huismann
Phone
2699828000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Impairment/adjustment of fair value -5,470,000.

FORM 990, PART XII, LINE 2C:

The audit oversight and selection processes have not changed from the prior year.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE ORGANIZATION, PARTNERING WITH CORNERSTONE ALLIANCE, ENGAGES IN THE DEVELOPMENT OF ECONOMIC GROWTH FOR THE CITIES OF BENTON HARBOR AND ST. JOSEPH AND THE TOWNSHIPS OF BENTON, LINCOLN AND ROYALTON.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt046162416
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt048284724
IRS990/NetAssetsOrFundBalancesBOYAmt0-7667959
IRS990/NetAssetsOrFundBalancesEOYAmt0-16504649
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt035863
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt035863
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt029842
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt029842
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt07200
IRS990/OccupancyGrp/ProgramServicesAmt0155250
IRS990/OccupancyGrp/TotalAmt0162450
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt050041
IRS990/OfficeExpensesGrp/ProgramServicesAmt047591
IRS990/OfficeExpensesGrp/TotalAmt097632
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt051523487
IRS990/OtherAssetsTotalGrp/EOYAmt044334839
IRS990/OtherChangesInNetAssetsAmt0-5470000
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2LICENSES & PERMITS
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015510
IRS990/OtherExpensesGrp/ProgramServicesAmt0207281
IRS990/OtherExpensesGrp/ProgramServicesAmt1691
IRS990/OtherExpensesGrp/ProgramServicesAmt24360
IRS990/OtherExpensesGrp/ProgramServicesAmt33390
IRS990/OtherExpensesGrp/TotalAmt0207281
IRS990/OtherExpensesGrp/TotalAmt116201
IRS990/OtherExpensesGrp/TotalAmt24360
IRS990/OtherExpensesGrp/TotalAmt33390
IRS990/OtherLiabilitiesGrp/BOYAmt016887773
IRS990/OtherLiabilitiesGrp/EOYAmt034614467
IRS990/OtherRevenueMiscGrp/BusinessCd0236000
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0TIF REIMBURSEMENT INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt033091
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0183037
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0183037
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt133091
IRS990/OtherRevenueTotalAmt0216128
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04478940
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04149098
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GREGORY VAUGHN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM LOAN INTEREST AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018653
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt037690
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0500
IRS990/PYInvestmentIncomeAmt0287559
IRS990/PYOtherExpensesAmt01913147
IRS990/PYOtherRevenueAmt0493293
IRS990/PYProgramServiceRevenueAmt017712
IRS990/PYRevenuesLessExpensesAmt0-1077393
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01913647
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0836254
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3366690
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt029842
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0201690
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02192699
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02324714
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0382772476
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CORNERSTONE ALLIANCE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/LandGrp/BookValueAmt016528247
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt016528247
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01624874
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01624874
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0123499
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt130031019
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2278416
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt37265917
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt45758351
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5541898
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6335739
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TIF RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED FINANCING FEES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DUE FROM CPAF
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4ASSETS HELD FOR SALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5CHEMICAL LINE OF CREDIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6DUE FROM CORNERSTONE ALLIANCE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0427055
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt070479
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0497534
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01527076
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt131787389
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2224182
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31073420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO HARBOR SHORES COMMUNITY REDEVELOPMENT, INC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED TIF REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED HV DEVELOPMENT COSTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SECURITY DEPOSIT - RENTALS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018580176
IRS990ScheduleD/TotalBookValueOtherAssetsAmt044334839
IRS990ScheduleD/TotalLiabilityAmt034614467
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt012500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0176875
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt05250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018562
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT CLEVELAND
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0213187
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CORNERSTONE ALLIANCE HAS THE POWER TO APPOINT THE BOARD OF DIRECTORS OF RENAISSANCE DEVELOPMENT FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CFO OF THE ORGANIZATION REVIEWS THE DRAFT 990. AFTER THEIR REVIEW, MANAGEMENT OF THE ORGANIZATION EMAILS A DRAFT COPY OF THE FORM 990 TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF THE ORGANIZATION'S OFFICERS IS DETERMINED BY THE RELATED ORGANIZATION FROM WHICH THEY ARE COMPENSATED. THE RELATED ORGANIZATION'S PROCESS IS AS FOLLOWS: COMPENSATION FOR THE PRESIDENT/CEO IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. COMPENSATION COMMITTEE USES COMPARABLE DATA TO REVIEW PRESIDENT/CEO COMPENSATION. THE COMPENSATION FOR THE REMAINING OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE PRESIDENT/CEO. THE MOST RECENT YEAR FOR THIS EVALUATION WAS 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE RENAISSANCE DEVELOPMENT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IMPAIRMENT/ADJUSTMENT OF FAIR VALUE -5,470,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AUDIT OVERSIGHT AND SELECTION PROCESSES HAVE NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.8$27.9$8.06$4.16$3.86$0.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$29.5$9.31$5.88$3.20$2.67
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.1$32.3$10.2$2.74$2.82$0.08
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$26.9$33.0$6.02$2.83$3.52$0.69
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.9$35.3$5.33$6.92$3.26$3.66
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$37.7$8.99$14.5$4.39$10.1
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.5$82.4$18.9$2.10$4.32$2.22
2017Detailed filing. Detailed filing data is available for this year.$69.7$86.2$16.5$0.88$4.25$3.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.0$63.7$7.67$0.84$1.91$1.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.9$71.9$7.98$3.34$5.62$2.27
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.4$74.8$3.40$7.89$6.27$1.62
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$71.6$76.0$4.45$17.1$7.54$9.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.9$88.2$2.37$6.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.3$77.9$3.60$6.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.6$66.2$2.41$4.79