RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION

As filed

Subsection

03

NTEE code

S30

Classification

1000

Street

2 ALLEN ST FL 7

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• SMALL BUSINESS LOANS PROGRAM - REDC LENDS MONEY TO SMALL BUSINESSES IN ITS TARGET COMMUNITIES. MANY OF THESE SMALL BUSINESS BORROWERS OPERATE BUSINESS IN THE RETAIL, WHOLESALE, RESTAURTANT, AND CERTAIN PERSONAL SERVICE INDUSTRIES WITH THEIR PRIMARY BUSINESS OPERATIONS LOCATED IN NEW YORK CITY.

  Expenses $2,516,308 · Revenue $1,098,518

• TECHNICAL ASSISTANCE & EDUCATION - REDC PROVIDES TARGETED TECHNICAL ASSISTANCE TO LOW INCOME ENTREPRENEURS & SMALL BUSINESS OWNERS, HELPING THEM TO OVERCOME TRADITIONAL IMPEDIMENTS TO BUSINESS GROWTH AND SUCCESS. REDC SPECIALIZES IN SERVICING BUSINESSES IN ITS TARGET MARKETS THAT BANKS AND GOVERNMENT PROGRAMS CANNOT SERVE, SUCHAS LOW INCOME, START-UP, THINLY CAPITALIZED ENTERPRISES WHOSE OWNERS ARE OFTEN HOBBLED BY POOR OR NON-EXISTENT ENGLISH SKILLS AND UNFAMILIARITY WITH THE BANKING SYSTEM IN THIS COUNTRY.

  Expenses $1,876,345

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $6,008,977

  Expenses

  $5,585,083

  Contributions

  $4,797,541

  Grants paid

  $0

• 2023

  Revenue

  $4,107,593

  Expenses

  $5,123,533

  Contributions

  $2,862,492

  Grants paid

  $0

• 2022

  Revenue

  $4,221,507

  Expenses

  $3,628,639

  Contributions

  $3,866,453

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $5,438,735

  Expenses

  $3,062,573

  Assets (EOY)

  $35,516,317

• 2020 · 990

  Revenue

  $6,653,392

  Expenses

  $3,379,119

  Assets (EOY)

  $34,038,441

• 2019 · 990

  Revenue

  $2,254,405

  Expenses

  $2,516,020

  Assets (EOY)

  $26,895,346

• 2018 · 990

  Revenue

  $2,370,615

  Expenses

  $2,296,324

  Assets (EOY)

  $25,941,998

• 2017 · 990

  Revenue

  $2,241,356

  Expenses

  $2,177,272

  Assets (EOY)

  $26,905,518

• 2016 · 990

  Revenue

  $2,327,490

  Expenses

  $2,075,930

  Assets (EOY)

  $23,742,582

• 2015 · 990

  Revenue

  $2,621,028

  Expenses

  $1,957,410

  Assets (EOY)

  $20,911,550

• 2014 · 990

  Revenue

  $1,677,128

  Expenses

  $1,716,396

  Assets (EOY)

  $20,748,244

• 2013 · 990

  Revenue

  $2,037,393

  Expenses

  $2,026,648

  Assets (EOY)

  $20,135,075

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $1,926,034

  Assets (EOY)

  $18,950,374

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• KOREAN-AMERICAN COMMUNITY FOUNDATION INC

  $150,000

  2024 · Expand Small Business Support

• SAN FRANCISCO FOUNDATION

  $150,000

  2022 · ADVISED - TO HELP RENAISSANCE ECONOMIC DEVELOPMENT CORP (REDC) TO SUPPORT AND HELP TRANSFORM LOW-TO-MODERATE INCOME AND IMMIGRANT COMMUNITIES IN NEW YORK CITY BY PROVIDING LOW-INTEREST SMALL BUSINESS LOANS. TRAINING AND COUNSELING SERVICES IN NYC.

• ASIAN AMERICANS FOR EQUALITY INC

  $135,000

  2023 · ASSISTANCE TO SMALL BUSINESS

• ASIAN AMERICANS FOR EQUALITY INC

  $132,750

  2024 · GOLDMAN SACHS AND NEIGHBORWORKS PASS THROUGH GRANT TO REDC

• THE BLACKBAUD GIVING FUND

  $103,000

  2022 · GENERAL SUPPORT

• THE BLACKBAUD GIVING FUND

  $100,035

  2025 · GENERAL SUPPORT

• THE BLACKBAUD GIVING FUND

  $100,000

  2024 · GENERAL SUPPORT

• OPPORTUNITY FINANCE NETWORK

  $100,000

  2022 · OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG

• NATIONAL COALITION FOR ASIAN PACIFIC AMERICAN COMMUNITY DEV

  $92,250

  2022 · Small Business Network

• KOREAN-AMERICAN COMMUNITY FOUNDATION INC

  $65,000

  2023 · Expansion of small business counseling in NJ and LI

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files