Renaissance Corporation Of Albany
- Assets
- $23.0m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 16-1529044
Organization Overview
Renaissance Corporation Of Albany is located in Albany, NY. The organization was established in 1998. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Corporation Of Albany is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Renaissance Corporation Of Albany generated $4.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Renaissance Corporation Of Albany has awarded 233 individual grants totaling $677,740. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL SUPPORT TO CHARITABLE, SCIENTIFIC, LITERARY, RELIGIOUS, AND EDUCATIONAL INSTITUTIONS, PROGRAMS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Cohen Secretary | 1 | $0 | |
Lorin Silverman Board Chairman | 1 | $0 | |
Alan Chartock Board Member (until Sept 2023) | 1 | $0 | |
Carla Chiaro President & CFO | 40 | $210,092 | |
Allison Silverman VP (as Of 10/17/23) | 1 | $0 | |
Patty Lipshutz Secretary (as Of 10/17/23) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71,961 |
| Dividends & Interest | $0 |
| Net Rental Income | $944,798 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,391,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $218,180 |
| Other employee salaries and wages | $358,843 |
| Pension plans, employee benefits | $122,881 |
| Interest | $536,234 |
| Taxes | $64,067 |
| Depreciation | $908,879 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,224,340 |
| Total operating and administrative expenses | $3,479,542 |
| Contributions, gifts, grants paid | $114,348 |
| Total expenses and disbursements | $3,593,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,931,090 |
| Net Accounts receivable | $3,702 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,482 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $20,237,618 |
| Other assets | $778,978 |
| Total assets | $22,967,870 |
| Accounts payable and accrued expenses | $132,990 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $6,661,541 |
| Other liabilities | $7,394,180 |
| Total liabilities | $14,188,711 |
Grants Awarded
Over the last fiscal year, Renaissance Corporation Of Albany has awarded $114,348 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY CITY COMMON COUNCIL PURPOSE: GENERAL | $2,000 |
LIFE PATH (FORMERLY SENIOR SERVICES OF ALBANY) PURPOSE: GENERAL | $1,000 |
ALBANY FIRE DEPARTMENT PURPOSE: GENERAL | $26,783 |
ALBANY COLLEGE OF PHARMACY PURPOSE: GENERAL | $7,000 |
ALBANY-COLONIE REGIONAL CHAMBER OF COMMERCE PURPOSE: GENERAL | $575 |
ALBANY LAW SCHOOL PURPOSE: GENERAL | $1,000 |