Overview
What is Renaissance Economic Development Corporation?
Renaissance Economic Development Corporation is a nonprofit organization based in New York City, specifically at 2 Allen Street 7th Floor, New York, NY 10002. Its primary mission is to provide funding and technical assistance to small businesses operating in retail, wholesale, restaurant, and certain personal service industries within Manhattan, Queens, and Brooklyn. The corporation targets low-income, immigrant neighborhoods, as language, cultural, and conventional loan underwriting barriers often hinder the growth of small businesses in these areas. Underpinning all their lending activities is a commitment to expanding business opportunities for low-income, minority, women, and immigrant entrepreneurs. As of the provided information, they employ a team of 31 individuals.
Official website here: www.renaissance-ny.org
Is Renaissance Economic Development Corporation legitimate?
Renaissance Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renaissance Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $189,453
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,546,145
For more financial information, click here
What is the mission statement of Renaissance Economic Development Corporation?
The Renaissance Economic Development Corporation provides direct financing and technical assistance services, primarily focusing on low-income, immigrant neighborhoods in various cities. The organization aims to overcome the barriers of language, culture, and conventional loan underwriting that often hinder the growth of small businesses. Underlying its lending activities is a commitment to increase business opportunities for low-income, minority, women, and immigrant entrepreneurs. By offering these services, Renaissance Economic Development Corporation seeks to foster economic development and empower these entrepreneurs, thereby contributing to a more diverse and inclusive business landscape.
Official website here: www.renaissance-ny.org
Who is the CEO of Renaissance Economic Development Corporation?
Thomas Yu is the Co- Executive Director/Tr (Outgoing) of Renaissance Economic Development Corporation.
Official website here: www.renaissance-ny.org
What is the revenue of Renaissance Economic Development Corporation?
Renaissance Economic Development Corporation's revenue in 2022 was $4,221,507.
Official website here: www.renaissance-ny.org
Who are the executives of Renaissance Economic Development Corporation and what are their salaries?
The average compensation at Renaissance Economic Development Corporation during 2022 was $55,987. There are 31 employees and 7 volunteers at Renaissance Economic Development Corporation.
Here are 13 key members and their salaries:
- Thomas Yu (Co- Executive Director)
- Jennifer Sun (Co- Executive Director/Tr (Outgoing))
- Jessie Lee (Managing Director)
- Jannie Lai (Director Of Programs)
- Veronique Marcus (Director Of Programs)
- Joy Suzanne Granado (Chief Accounting Officer)
- Kyle Foley (Board Member) [Trustee/Director]
- Mary Liu (Board Member) [Trustee/Director]
- Peggy Chan (Chairman) [Trustee/Director]
- Ping Dang (Board Member) [Trustee/Director]
- Raymond Lou (Secretary) [Trustee/Director]
- Timothy Wong (Board Member) [Trustee/Director]
- Turney Singh Baba (Board Member) [Trustee/Director]
Official website here: www.renaissance-ny.org
Where can I find the form 990 for Renaissance Economic Development Corporation?
The Renaissance Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.renaissance-ny.org
Learn more at the official website: www.renaissance-ny.org
Mission Statement of Renaissance Economic Development Corporation
Renaissance Economic Development Corporation, a not-for-profit organization, is committed to providing direct financing and technical assistance services throughout New York City. Its primary focus is on low-income, immigrant neighborhoods where the challenges of language, culture, and conventional loan underwriting have hindered the growth of small businesses. Underpinning all of Renaissance's lending activity is a strong commitment to increasing business opportunities for low-income, minority, women, and immigrant entrepreneurs. The organization aims to break down these barriers and foster a thriving business environment in these communities.
Impact
This information is meant to be a general summary of Renaissance Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Renaissance Economic Development Corporation's impact is evident in the economic empowerment of low-income, immigrant communities throughout New York City. By providing direct financing and technical assistance services to small businesses in underserved neighborhoods, Renaissance breaks down barriers of language, culture, and conventional loan underwriting that have hindered entrepreneurial growth. Through its small business loans program, Renaissance supports a range of businesses in retail, wholesale, restaurant, and personal service industries, primarily located in Manhattan, Queens, and Brooklyn. This commitment to increasing business opportunities for low-income, minority, women, and immigrant entrepreneurs contributes significantly to community improvement and economic development in the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$453,438
ADMIN. FEE AND OTHER
Revenue
$86,268
Organization Details
Founding Year
1997
Phone
(212) 964-6022
Principal Officer
Thomas Yu
Main Address
2 ALLEN STREET 7TH FLOOR, NEW YORK, NY, 10002
Website
www.renaissance-ny.org
NTEE Category
Code: S30 - Community improvement
If you are a representative of Renaissance Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.