Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
990 • Fiscal year 2017 • EIN 38-3367429
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Liabilities / Revenue
100th percentile
Higher debt load relative to revenue than 100% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
25th percentile
Higher top officer pay than 25% of similar nonprofits.
Top officer pay equals 24.2% of source-year revenue.
Asset Growth
88th percentile
Faster asset growth than 88% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
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
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| 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 | - | - |
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Greg Vaughn | President | PT | $127,927 | $127,927 |
| Ronald Griesinger | CFO | PT | $119,511 | $119,511 |
| Name | Title |
|---|---|
| Jim Tomczyk | Vice President |
| Alan Berry | Director |
| David Bly | Director |
| Ken Ankli | Director |
| Robert Cleveland | Secretary |
| David Schaffer | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Evergreen Development Company | Management Services | 400 RIVERVIEW DR, Benton Harbor, MI 49022 | $832,900 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| 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 |
“Cornerstone alliance has the power to appoint the board of directors of renaissance development fund.”
“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.”
“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.”
“A copy of the organization's governing documents, conflict of interest policy, and financial statements are available upon request at the renaissance development office.”
“Impairment/adjustment of fair value -5,470,000.”
“The audit oversight and selection processes have not changed from the prior year.”
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 | 656768 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 3286414 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 35038 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 252522 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 195250 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 195250 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | RONALD GRIESINGER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2699256100 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 80 W MAIN ST |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BENTON HARBOR |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 49022 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 854 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 854 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 832900 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 400 RIVERVIEW DR |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | BENTON HARBOR |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 49022 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | EVERGREEN DEVELOPMENT COMPANY |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | MANAGEMENT SERVICES |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 30963 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 500 |
| IRS990/CYInvestmentIncomeAmt | 0 | 586520 |
| IRS990/CYOtherExpensesAmt | 0 | 4248296 |
| IRS990/CYOtherRevenueAmt | 0 | 245970 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 18653 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -3366690 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 4248796 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 882106 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 63962 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 63962 |
| IRS990/Desc | 0 | RENAISSANCE DEVELOPMENT FUND IS ENGAGED IN THE DEVELOPMENT AND IMPLEMENTATION OF ECONOMIC GROWTH FOR THE CITIES OF BENTON HARBOR, MICHIGAN AND ST. JOSEPH, MICHIGAN; THE CHARTER TOWNSHIPS OF BENTON, ST. JOSEPH, AND LINCOLN; AND THE TOWNSHIP OF ROYALTON. THE ORGANIZATION'S PRINCIPAL PURPOSE IS TO FOSTER REDEVELOPMENT AND REVITALIZATION OF THESE COMMUNITIES.IN CONNECTION WITH ITS MISSION TO DEVELOP AND IMPLEMENT ECONOMIC GROWTH IN ITS SERVICE AREA, THE ORGANIZATION PROVIDES LOANS TO LOCAL SMALL BUSINESS OWNERS. THESE NOTES RECEIVABLE ARE PERIODICALLY EVALUATED FOR COLLECTABILITY BASED ON PAST CREDIT HISTORY WITH CUSTOMERS AND THEIR CURRENT FINANCIAL CONDITION. PROVISIONS FOR LOSSES ON NOTES RECEIVABLE ARE DETERMINED ON THE BASIS OF LOSS EXPERIENCE, KNOWN AND INHERENT RISKS IN THE LOANS HELD, THE ESTIMATED VALUE OF UNDERLYING COLLATERAL, IF ANY, AND CURRENT ECONOMIC CONDITIONS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 1 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 2875567 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 109179 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 109179 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 65783 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 876 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 66659 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 832900 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 832900 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 266282 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 43821 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 310103 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 10.00 |
| 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/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 | 19274 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 23812 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 25553 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | GREG VAUGHN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JIM TOMCZYK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DAVID SCHAFFER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | KEN ANKLI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ALAN BERRY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DAVID BLY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ROBERT CLEVELAND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | RONALD GRIESINGER |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| 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/ReportableCompFromRltdOrgAmt | 0 | 108653 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 189375 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 93958 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | CFO |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1997 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 35863 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GovernmentGrantsAmt | 0 | 30963 |
| IRS990/GrantAmt | 0 | 500 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 500 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 500 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 1340690 |
| IRS990/GrossReceiptsAmt | 0 | 2186933 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 29842 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 25480 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 3520 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 29000 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 2146749 |
| IRS990/InterestGrp/TotalAmt | 0 | 2146749 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 548856 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 550657 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 1801 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 38094 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 39607 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | -3047245 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 70479 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 817985 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 18580176 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 18650655 |
| IRS990/LegalDomicileStateCd | 0 | MI |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 1304827 |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 46162416 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 48284724 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -7667959 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -16504649 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 35863 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 35863 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 29842 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 29842 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 7200 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 155250 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 162450 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 50041 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 47591 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 97632 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 51523487 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 44334839 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -5470000 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBT EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 1 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/Desc | 2 | LICENSES & PERMITS |
| IRS990/OtherExpensesGrp/Desc | 3 | REPAIRS AND MAINTENANCE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 15510 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 207281 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 691 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 4360 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 3390 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 207281 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 16201 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 4360 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 3390 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 16887773 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 34614467 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 236000 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | TIF REIMBURSEMENT INCOME |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | MISCELLANEOUS REVENUE |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 33091 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 183037 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 183037 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 33091 |
| IRS990/OtherRevenueTotalAmt | 0 | 216128 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 4478940 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 4149098 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | GREGORY VAUGHN |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROGRAM LOAN INTEREST AND FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 18653 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 18653 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 37690 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 500 |
| IRS990/PYInvestmentIncomeAmt | 0 | 287559 |
| IRS990/PYOtherExpensesAmt | 0 | 1913147 |
| IRS990/PYOtherRevenueAmt | 0 | 493293 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 17712 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -1077393 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 1913647 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 836254 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -3366690 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 29842 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 201690 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 2192699 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 2324714 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 382772476 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 7 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | CORNERSTONE ALLIANCE |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 16528247 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 16528247 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 1624874 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 1624874 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 123499 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 30031019 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 278416 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 7265917 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 4 | 5758351 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 5 | 541898 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 6 | 335739 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | RESTRICTED CASH |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | TIF RECEIVABLE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | DEFERRED FINANCING FEES |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | DUE FROM CPAF |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 4 | ASSETS HELD FOR SALE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 5 | CHEMICAL LINE OF CREDIT |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 6 | DUE FROM CORNERSTONE ALLIANCE |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 427055 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 70479 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 497534 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 1527076 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 31787389 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 224182 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 1073420 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 2400 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO HARBOR SHORES COMMUNITY REDEVELOPMENT, INC |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DEFERRED TIF REVENUE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | LINE OF CREDIT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | DEFERRED HV DEVELOPMENT COSTS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | SECURITY DEPOSIT - RENTALS |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 18580176 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 44334839 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 34614467 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 12500 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 176875 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 5250 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 18562 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | ROBERT CLEVELAND |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | SECRETARY |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 213187 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CORNERSTONE ALLIANCE HAS THE POWER TO APPOINT THE BOARD OF DIRECTORS OF RENAISSANCE DEVELOPMENT FUND. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A 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/ExplanationTxt | 4 | IMPAIRMENT/ADJUSTMENT OF FAIR VALUE -5,470,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE AUDIT OVERSIGHT AND SELECTION PROCESSES HAVE NOT CHANGED FROM THE PRIOR YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15 |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.