Overview
What is Renaissance Economic Development Corporation Inc?
Renaissance Economic Development Corporation Inc, headquartered in Somerset, New Jersey, is a nonprofit organization with a mission to enhance economic opportunities within its target area. By attracting and retaining businesses, coordinating services offered by various other nonprofits, and conducting area development and redevelopment projects, this corporation aims to make these resources more accessible to the community. Their primary objective is to boost the local economy, ultimately benefiting those residing in the organization's designated area.
Is Renaissance Economic Development Corporation Inc legitimate?
Renaissance Economic Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renaissance Economic Development Corporation Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Renaissance Economic Development Corporation Inc?
The Renaissance Economic Development Corporation Inc's mission is centered around enhancing economic prospects. In simple terms, their goal is to improve economic opportunities for individuals within their designated area. They achieve this by attracting and retaining businesses, coordinating services offered by various non-profit organizations to make them more accessible to the community. Additionally, they engage in area development and redevelopment initiatives.
Who is the CEO of Renaissance Economic Development Corporation Inc?
Rev Dr Deforest B Soaries is the Chairman of Renaissance Economic Development Corporation Inc.
What is the revenue of Renaissance Economic Development Corporation Inc?
Renaissance Economic Development Corporation Inc's revenue in 2022 was $0.
Who are the executives of Renaissance Economic Development Corporation Inc and what are their salaries?
There 3 volunteers at Renaissance Economic Development Corporation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Renaissance Economic Development Corporation Inc?
Renaissance Economic Development Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Renaissance Economic Development Corporation Inc
Renaissance Economic Development Corporation Inc is dedicated to improving economic opportunities for individuals within its target area. This mission is accomplished by attracting new businesses to the area and supporting the retention of existing ones. Furthermore, the corporation coordinates various services offered by various not-for-profit organizations, making these services more accessible to the local community. Lastly, Renaissance Economic Development Corporation Inc is involved in area development and redevelopment projects.
In essence, Renaissance Economic Development Corporation Inc plays a pivotal role in fostering a thriving and prosperous community by attracting and retaining businesses. By coordinating services and leading area development and redevelopment initiatives, the organization ensures that economic opportunities are accessible to all members of the community. This proactive approach to community development is crucial for promoting sustainable economic growth and improving the quality of life for those living within the target area.
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Impact
October, 2024
Renaissance Economic Development Corporation Inc significantly improves economic opportunities in its target area by focusing on attracting and retaining businesses. Their efforts create a supportive environment for local entrepreneurship and stimulate economic growth. By coordinating services offered by various organizations, they enhance the accessibility of resources for the community, ensuring residents can benefit from vital programs and support.
Additionally, Renaissance engages in area development and redevelopment initiatives, revitalizing neighborhoods and fostering an attractive environment for both businesses and residents. This holistic approach not only boosts the local economy but also promotes community improvement, contributing to a stronger and more resilient Somerset, NJ.
This information is meant to be a general summary of Renaissance Economic Development Corporation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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:
- Total Assets: $0
- Total Liabilities: $1,971
- Net Assets: -$1,971
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Organization Details
Founding Year
1997
Phone
(732) 839-2413Principal Officer
Rev Dr Deforest B Soaries
Main Address
771 SOMERSET ST, SOMERSET, NJ, 08873
NTEE Category
Code: S31 - Community improvement
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