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Renaissance Economic Development Corporation

Renaissance Economic Development Corporation

New York, NY 10002
Tax ID13-3946529

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About this organization

Revenue

$2,370,615

Expenses

$2,296,324

Mission

Renaissance Economic Development Corporation provides direct financing and technical assistance services throughout New York City. Renaissance focuses on low-income, immigrant neighborhoods where the barriers of language, culture and conventional loan underwriting have stymied the growth of small businesses. Underpinning all of Renaissance's lending activity is a commitment to increase business opportunities for low-income, minority, women, and immigrant entrepreneurs.

About

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, restaurant, and certain personal service industries with their primary business operations located in Manhattan, Queens, and Brooklyn.

Interesting data from their 2020 990 filing

The non-profit's aim, as indicated in the filing, is “Renaissance economic development corporation provides direct financing and technical assistance services throughout new york city. renaissance focuses on low-income, immigrant neighborhoods where the barriers of language, culture and conventional loan underwriting have stymied the growth of small businesses. underpinning all of renaissance's lending activity is a commitment to increase business opportunities for low-income, minority, women, and immigrant entrepreneurs.”.

When referring to its functions, they were specified as: “Renaissance economic development corporation provides direct financing and technical assistance services throughout new york city. renaissance focuses on low-income, immigrant neighborhoods where the barriers of language, culture and conventional loan underwriting have stymied the growth of small businesses. underpinning all of renaissance's lending activity is a commitment to increase business opportunities for low-income, minority, women, and immigrant entrepreneurs.”.

  • The non-profit has reported their operating state as NY, as required by law.
  • As stated in the filing, the non-profit's address in 2020 was 2 ALLEN STREET 7TH FLOOR, NEW YORK, NY, 10002.
  • The non-profit's form reports a total of 31 employees as of 2020.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $74,291.
  • The organization has 5 independent voting members.
  • The organization was formed in 1997.
  • The organization pays $1,439,803 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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