Renaissance West Community Initiative is located in Charlotte, NC. The organization was established in 2010. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Renaissance West Community Initiative employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance West Community Initiative 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 12/2022, Renaissance West Community Initiative generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A COLLABORATIVE COMMUNITY CENTERED ON QUALITY HOUSING, EDUCATION, HEALTH, WELLNESS, & OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH THE COMMITMENT OF BREAKING THE CYCLE OF INTERGENERATIONAL POVERTY BY IMPROVING ECONOMIC MOBILITY, RENAISSANCE WEST COMMUNITY INITIATIVE (RWCI) LEADS THE REVITALIZATION OF A COMMUNITY IN WEST CHARLOTTE (NC). AS A MEMBER OF THE PURPOSE BUILT COMMUNITIES NETWORK, OUR COMPREHENSIVE, PLACE-BASED APPROACH IS CENTERED ON COMMUNITY INVESTMENT STRATEGIES THAT EMPOWER THE NEIGHBORHOOD BY FOCUSING ON EDUCATIONAL ADVANCEMENT, HOUSING STABILITY, INCOME STABILITY AND HEALTH EQUITY. RWCI'S REVITALIZATION FRAMEWORK ENCOMPASSES MIXED-INCOME HOUSING, A CRADLE-TO-CAREER EDUCATION CONTINUUM AND SUPPORTIVE SERVICES FOR INDIVIDUALS AND FAMILIES. THE COMMUNITY IS COMPRISED OF 1,300 RESIDENTS (THE RENAISSANCE AND LITTLE ROCK APARTMENTS) AND INCLUDES 334 UNITS OF FAMILY AND SENIOR HOUSING. THE CAMPUS ALSO INCLUDES A HIGH-QUALITY CHILD DEVELOPMENT CENTER, A PRE-K THRU 8 PUBLIC SCHOOL WITH A STEAM FOCUS AND A COMMUNITY CENTER. LIFE NAVIGATION AND WRAPAROUND SUPPORTS INCLUDE CASE MANAGEMENT/CARE COORDINATION, EARLY CHILDHOOD INTERVENTIONS, ACADEMIC SUPPORT ADULT/SECONDARY EDUCATION, FINANCIAL AND DIGITAL LITERACY, JOB TRAINING, HOMEBUYER EDUCATION AND COMMUNITY WELLNESS .IN 2022, WE WERE ABLE TO SEE NEIGHBORS RECONNECT, OUR CAMPUS REBOUND, AND OUR PARTNERS AND FRIENDS SHOW UP IN FORCE. TOGETHER, WE HAVE SEEN THE BENEFITS OF A COMMUNITY QUARTERBACK LIKE RWCI IN BUILDING A RESILIENT, HEALTHY, AND FORWARD-THINKING COMMUNITY FOR ALL OF OUR NEIGHBORS. LIKE MANY ORGANIZATIONS, 2022 WAS THE FIRST FULL YEAR WHERE THE PANDEMIC BECAME LESS DISRUPTIVE, AND WHILE OUR PARTNERS REMAINED WITH US THROUGHOUT, WE WERE ABLE TO ESTABLISH OTHER ONSITE CONNECTIONS TO BUILD OUR IMPACT BACK TO PRE-PANDEMIC LEVELS. THANKS TO THIS EXPANDED SUPPORT AND AN AMAZING STAFF WHO WORKS TIRELESSLY IN OUR COMMUNITY, WE EXPERIENCED SIGNIFICANT PROGRESS AND NUMEROUS ACCOMPLISHMENTS FOR OUR COMMUNITY. AMONG THESE ARE INCREASED PARTICIPATION BY OUR NEIGHBORS, ADDITIONAL SUPPORTS AND SERVICES, A SUCCESSFUL HOMEBUYER PROGRAM, FINANCIAL INDEPENDENCE FOR HEADS OF HOUSEHOLD, A GROWING HOWARD LEVINE CHILD DEVELOPMENT CENTER, AND THE FIRST YEAR OF EXCEEDING GROWTH EXPECTATIONS FOR THE RENAISSANCE WEST STEAM ACADEMY.DESPITE OUR SUCCESS REEMERGING FROM THE PANDEMIC, OUR WORK AND OUR NEIGHBORS CONTINUE TO FACE CHALLENGES EACH DAY. THESE CHALLENGES INCLUDE INCREASED MENTAL HEALTH NEEDS, EVOLVING WORK DYNAMICS AND A VOLATILE ECONOMIC ENVIRONMENT. THESE NEW CHALLENGES ONLY REINFORCE THE CRITICAL NEED OF RWCI AS THE COMMUNITY QUARTERBACK. OUR HOLISTIC PLACE-BASED APPROACH AND OUR DESIRE TO NOT ONLY EXTEND OUR SERVICES TO MORE NEIGHBORS, CHILDREN AND STUDENTS BUT ALSO SUSTAIN ACCESS TO QUALITY PROGRAMS AND BEST PRACTICES PROVIDED BY OUR AGENCY PARTNERS.RWCI'S FISCAL STRENGTH AND GROWTH REMAINS AN IMPORTANT PIECE TO DRIVE OUR WORK. AND WITH CONTINUED SUPPORT FROM MAJORS FUNDERS AS WELL AS THE SUPPORT OF COUNTLESS FOUNDATIONS, INDIVIDUALS, AND COMPANIES WE FEEL SECURE IN OUR ABILITY TO CONTINUE THIS WORK INTO THE FUTURE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Matt Hawkins Board Chair | OfficerTrustee | 5 | $0 |
Trent Legare Vice Chair | OfficerTrustee | 5 | $0 |
Clare Jansson Secretary | OfficerTrustee | 5 | $0 |
Renee Kosofsky Treasurer | OfficerTrustee | 5 | $0 |
William E Bill Currens Immediate Past Chair | Trustee | 2 | $0 |
Ann Blakeney Clark Director | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Miles-mcclellan Construction Co Construction For The Hlcdc Preschool | 12/30/18 | $1,308,914 |
Ymca Of Greater Charlotte Per Contract-operation Expenses For Pre- | 12/30/18 | $1,149,160 |
Statement of Revenue | |
---|---|
Federated campaigns | $188,399 |
Membership dues | $0 |
Fundraising events | $186,559 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,903,758 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,278,716 |
Total Program Service Revenue | $0 |
Investment income | $6,054 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$4,621 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,280,149 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $127,031 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $198,623 |
Compensation of current officers, directors, key employees. | $35,652 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,100,324 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $252,896 |
Payroll taxes | $103,808 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $271,259 |
Advertising and promotion | $12,063 |
Office expenses | $56,456 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $95,186 |
Travel | $2,474 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $16,973 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,928 |
Insurance | $5,489 |
All other expenses | $0 |
Total functional expenses | $2,788,660 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,216,679 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,542,163 |
Accounts receivable, net | $29,263 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $3,108,525 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $62,550 |
Net Land, buildings, and equipment | $160,045 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $266,255 |
Total assets | $9,385,480 |
Accounts payable and accrued expenses | $297,731 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $130,662 |
Total liabilities | $428,393 |
Net assets without donor restrictions | $6,116,890 |
Net assets with donor restrictions | $2,840,197 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $9,385,480 |