Overview
What is Renaissance West Community Initiative?
The Renaissance West Community Initiative (RWCI) is a nonprofit organization situated in Charlotte, North Carolina, dedicated to breaking the cycle of intergenerational poverty and enhancing economic mobility. Serving a community in West Charlotte, RWCI is a member of the Purpose Built Communities Network, employing a comprehensive, place-based approach. This strategy focuses on community investment, prioritizing educational advancement, housing stability, income stability, and health equity. The initiative's revitalization framework includes mixed-income housing, a cradle-to-career education continuum, and supportive services for individuals and families. RWCI's community comprises 1,300 residents, featuring high-quality child development centers, schools, and a community center. Life navigation and wraparound supports include case management, academic support, financial literacy, job training, and community wellness programs. In 2022, RWCI saw significant progress, including increased neighborhood participation, a successful homebuyer program, and academic achievements. Despite ongoing challenges, RWCI continues to serve as a community quarterback, promoting a collaborative environment centered on quality housing, education, health, and opportunity.
Official website here: www.rwci.org/
What are the reviews and ratings of this charity?
97% - This charity's score is 97%, earning it a Four-Star out of Four Star rating.
Renaissance West Community Initiative has demonstrated exceptional accountability and finance practices, achieving a perfect score in these areas. The organization is governed entirely by independent members, ensuring transparency and integrity in its operations. Their financial health is robust, with a low liabilities-to-assets ratio and significant program expenses indicating a strong commitment to direct service delivery.
The organization's operational policies, such as conflict of interest and whistleblower protections, are well established, reflecting a commitment to ethical standards. Additionally, their fundraising efficiency is impressive, with minimal costs associated with raising funds. Overall, the high rating highlights both the organization's financial accountability and its effective governance structure, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Renaissance West Community Initiative legitimate?
Renaissance West Community Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renaissance West Community Initiative 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: $198,623
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,100,324
For more financial information, click here
Official website here: www.rwci.org/
What is the mission statement of Renaissance West Community Initiative?
The Renaissance West Community Initiative aims to establish a collaborative community focused on quality housing, education, health, and wellness opportunities. Their mission is to break the cycle of intergenerational poverty by improving economic mobility. They accomplish this through comprehensive, place-based strategies that prioritize educational advancement, housing stability, income stability, and health equity. The initiative's revitalization framework includes mixed-income housing, a cradle-to-career education continuum, and supportive services for individuals and families. The community, consisting of 1,300 residents, features a high-quality child development center, a public school with a STEM focus, and a community center. The initiative provides life navigation and wraparound supports, including case management, academic support, financial and digital literacy, job training, and community wellness programs. In 2022, the initiative saw significant progress and numerous accomplishments, such as increased neighbor participation and a successful homebuyer program. Despite challenges, the initiative's holistic approach and desire to extend services to more neighbors reinforce its critical role as a community quarterback.
Official website here: www.rwci.org/
Who is the CEO of Renaissance West Community Initiative?
William Mcdonald Jr is the Board Chair of Renaissance West Community Initiative. The CEO's salary of Renaissance West Community Initiative is $145,898 and their total compensation is $170,262.
Official website here: www.rwci.org/
What is the revenue of Renaissance West Community Initiative?
Renaissance West Community Initiative's revenue in 2022 was $2,280,149.
Official website here: www.rwci.org/
Who are the executives of Renaissance West Community Initiative and what are their salaries?
The average compensation at Renaissance West Community Initiative during 2022 was $37,113. There are 35 employees and 100 volunteers at Renaissance West Community Initiative.
Here are 18 key members and their salaries (Renaissance West Community Initiative's CEO's salary is $145,898 and their total compensation is $170,262):
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- Compensation: $145,898
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- Other: $24,364
Official website here: www.rwci.org/
Where can I find the form 990 for Renaissance West Community Initiative?
Renaissance West Community Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rwci.org/
Learn more at the official website: www.rwci.org/
Mission Statement of Renaissance West Community Initiative
Renaissance West Community Initiative, a member of the Purpose Built Communities Network, is dedicated to promoting a collaborative community centered on quality housing, education, health, wellness, and opportunity. Their mission is to break the cycle of intergenerational poverty by improving economic mobility. By leading the revitalization of a community in West Charlotte, North Carolina, Renaissance West Community Initiative focuses on community investment strategies that empower the neighborhood. These strategies primarily revolve around educational advancement, housing stability, income stability, and health equity.
The initiative's revitalization framework encompasses mixed-income housing, a cradle-to-career education continuum, and supportive services for individuals and families. The community, home to 1,300 residents, includes various facilities such as a high-quality child development center, a pre-K through 8 public school with a STEM focus, and a community center. Life navigation and wraparound supports include case management, early childhood interventions, academic support, financial and digital literacy, job training, homebuyer education, and community wellness.
In 2022, Renaissance West Community Initiative saw neighbors reconnect, their campus rebound, and partners and friends show up in force. The organization experienced significant progress and numerous accomplishments, including increased neighbor participation, additional supports and services, a successful homebuyer program, financial independence for heads of households, and the first year of exceeding growth expectations for the Renaissance West STEM Academy. Despite these successes, the initiative and its neighbors continue to face challenges, such as increased mental health needs, evolving work dynamics, and a volatile economic environment, reinforcing the critical need for Renaissance West Community Initiative as a community quarterback.
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Impact
October, 2024
Renaissance West Community Initiative (RWCI) has made a significant impact on the revitalization of a community in West Charlotte, North Carolina, by addressing the interconnected issues of housing, education, health, and economic mobility. The initiative focuses on breaking the cycle of intergenerational poverty through a holistic, place-based approach that empowers residents and fosters a collaborative environment.
By providing a range of services, including case management, academic support, financial literacy education, job training, and homebuyer education, RWCI has enhanced the quality of life for over 1,300 residents living in mixed-income housing. The establishment of a high-quality child development center and a STEAM-focused public school further strengthens educational opportunities for families, ensuring a cradle-to-career education continuum.
In the wake of the pandemic, RWCI successfully re-engaged the community, promoting increased participation and the resumption of vital support services. Notable achievements include a successful homebuyer program and significant growth in programs like the Howard Levine Child Development Center and Renaissance West STEAM Academy. These accomplishments reflect a commitment to fostering financial independence and educational advancement among residents, despite the emerging challenges of mental health needs and economic volatility.
RWCI acts as a community quarterback, coordinating resources and partnerships to build a resilient, healthy, and forward-thinking neighborhood. Its approach not only seeks to extend access to services but also aims to sustain quality programming that responds to the evolving needs of the community. Through continued support from funders and dedicated staff, RWCI is poised to drive further progress for the residents of West Charlotte.
This information is meant to be a general summary of Renaissance West Community Initiative. 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.
- Investment Income: $6,054
- Gross Receipts: $2,316,465
Assets and Liabilities:
- Total Assets: $9,385,480
- Total Liabilities: $428,393
- Net Assets: $8,957,087
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Organization Details
Founding Year
2009
Phone
(704) 248-3761Principal Officer
William Mcdonald Jr
Main Address
3610 NOBLES AVENUE, CHARLOTTE, NC, 28208
Website
www.rwci.org/NTEE Category
Code: B19 - Education
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