Overview
What is The Renaissance Collaborative Inc?
The Renaissance Collaborative Inc, located in Chicago, Illinois, functions as a nonprofit organization with a primary mission to offer affordable housing and create a comfortable living environment for its residents. With a dedicated team of 48 individuals, this organization is committed to making housing accessible and suitable for its community. While details about their outreach or international collaborations are not provided, we can infer that their focus remains on improving housing opportunities in their local area.
Official website here: www.renaissance-collaborative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Renaissance Collaborative Inc. (TRC) has received an 81% rating from Charity Navigator, indicating a strong commitment to accountability and financial responsibility. The organization scores exceptionally well in areas such as board independence, financial oversight, and program expense ratio, demonstrating effective governance and responsible financial management. However, it does face challenges with a high liabilities to assets ratio, which may raise concerns about financial stability.
User feedback from Great Nonprofits illustrates a high level of satisfaction among donors, clients, and volunteers. Many reviews highlight TRC's mission to support individuals who have experienced homelessness by teaching life skills and providing affordable housing options. The organization is praised for its historical significance in the community and the positive impact it has on residents, fostering self-sufficiency and community engagement.
Despite the overwhelmingly positive reviews, some feedback suggests a need for TRC to focus on sustainability and potential expansion of its services to reach more individuals in need. Nonetheless, the dedication and care shown by the staff and the comprehensive support offered to residents stand out as key strengths of TRC, reflecting its commitment to uplifting the community in Chicago.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Renaissance Collaborative Inc legitimate?
The Renaissance Collaborative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Renaissance Collaborative 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: $93,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $666,597
For more financial information, click here
Official website here: www.renaissance-collaborative.org
What is the mission statement of The Renaissance Collaborative Inc?
The Renaissance Collaborative Inc is committed to delivering an affordable housing solution and creating a conducive living environment for individuals. Their mission is centered around ensuring that everyone has access to a comfortable and reasonably priced residence. The organization strives to make a significant impact in this area, aiming to enhance the living standards of many through their housing initiatives. Their efforts are geared towards making housing more attainable and livable, thereby contributing positively to the well-being of the community.
Official website here: www.renaissance-collaborative.org
Who is the CEO of The Renaissance Collaborative Inc?
Oji Eggelston is the Principal Officer of The Renaissance Collaborative Inc.
Official website here: www.renaissance-collaborative.org
What is the revenue of The Renaissance Collaborative Inc?
The Renaissance Collaborative Inc's revenue in 2022 was $1,532,055.
Official website here: www.renaissance-collaborative.org
Who are the executives of The Renaissance Collaborative Inc and what are their salaries?
The average compensation at The Renaissance Collaborative Inc during 2022 was $15,842. There are 48 employees at The Renaissance Collaborative Inc.
Here are 15 key members and their salaries:
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Official website here: www.renaissance-collaborative.org
Where can I find the form 990 for The Renaissance Collaborative Inc?
The Renaissance Collaborative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.renaissance-collaborative.org
Learn more at the official website: www.renaissance-collaborative.org
Mission Statement of The Renaissance Collaborative Inc
The Renaissance Collaborative Inc, a nonprofit organization, is dedicated to providing an affordable housing solution and ensuring a suitable living environment for its beneficiaries. Its mission, in essence, revolves around making housing accessible and comfortable for individuals in need. By offering affordable housing options, The Renaissance Collaborative Inc aims to contribute positively to the well-being of its community members, enabling them to focus on other essential aspects of their lives.
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Impact
October, 2024
The Renaissance Collaborative Inc significantly impacts the community by fostering affordable housing options and creating suitable living environments in Chicago. Through its dedicated efforts, the organization addresses the pressing need for accessible housing, contributing to the overall improvement of community well-being. By enhancing living conditions, The Renaissance Collaborative promotes stability and empowerment for individuals and families, ultimately striving to uplift the entire neighborhood and drive community improvement.
This information is meant to be a general summary of The Renaissance Collaborative 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.
- Investment Income: -$92,069
- Program Service Revenue: $906,465
- Gross Receipts: $1,532,055
Assets and Liabilities:
- Total Assets: $5,198,070
- Total Liabilities: $7,980,694
- Net Assets: -$2,782,624
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHA HAP REVENUE
Revenue
$636,521
LAUNDRY COMMISSION
Revenue
$4,359
REAL ESTATE MGMT. INCOME
Revenue
$90,901
RENTAL SPACE INCOME
Revenue
$53,283
TENANT RENTAL INCOME
Revenue
$121,401
Organization Details
Founding Year
1993
Phone
(773) 924-9270Principal Officer
Oji Eggelston
Main Address
3757 SOUTH WABASH, CHICAGO, IL, 60653
NTEE Category
Code: S20Z - Community improvement
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