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 12/2021, Renaissance West Community Initiative employed 27 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 12/2021, Renaissance West Community Initiative generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. 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
2021
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 .2020 WAS MARKED BY THE OVERWHELMING PHYSICAL AND ECONOMIC EFFECTS OF THE PANDEMIC AND AMPLIFIED THE FINANCIAL STRESS, EDUCATION GAPS AND DIGITAL DIVIDE IN OUR COMMUNITY. JOB/INCOME LOSS, CLOSING OF SCHOOLS AND HEALTH CONCERNS, EXACERBATED THE HARDSHIPS OF OUR MOST VULNERABLE RESIDENTS. RWCI WORKED WITH OUR PARTNERS TO PROVIDE FREE COMMUNITY WIFI FOR FAMILIES AND STUDENTS LEARNING REMOTELY, PARTNERED WITH LOCAL HEALTHCARE SYSTEMS TO PROVIDE COVID-19 SCREENINGS, TESTING, EDUCATION AND MASKS FOR RESIDENTS, PARTNERED WITH FOOD SECURITY PARNTERS AND LOCAL GROCERY PARTNERS FOR WEEKLY MOBILE FOOD MARKETS AND INCREASED ACCESS TO MENTAL HEALTH COUNSELING AND SERVICES WHILE CONTINUING TO DELIVER OUR SUPPORTIVE SERVICES AND PROGRAMMING DURING THE PANDEMIC. EQUITABLE ACCESS TO EDUCATION, EMPLOYMENT, HEALTHCARE, SAFETY AND AFFORDABLE HOUSING ARE THE CORNERSTONES OF A THRIVING COMMUNITY. AS THE COMMUNITY QUARTERBACK, RWCI ENSURES ACCESS TO PROGRAMMING AND SERVICES THAT ADVANCE THE EDUCATIONAL, HOUSING AND EMPLOYMENT GOALS OF INDIVIDUALS AND FAMILIES WHILE ALSO FOSTERING COMMUNITY LEADERSHIP AND INCREASING THEIR SOCIAL CAPITAL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William H Mcdonald Jr Chief Executive Officer | Officer | 40 | $159,013 |
Matt Hawkins 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 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 | $328,839 |
Membership dues | $0 |
Fundraising events | $99,050 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $3,725,479 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,153,368 |
Total Program Service Revenue | $0 |
Investment income | $2,543 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$21,978 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,133,933 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $181,316 |
Compensation of current officers, directors, key employees. | $23,758 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $946,502 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $191,796 |
Payroll taxes | $88,541 |
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 | $264,186 |
Advertising and promotion | $1,467 |
Office expenses | $53,520 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $71,620 |
Travel | $27 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,494 |
Interest | $1,687 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $4,037 |
All other expenses | $0 |
Total functional expenses | $1,975,274 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,944,827 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,298,132 |
Accounts receivable, net | $5,149 |
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 | $13,070 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $181,130 |
Total assets | $9,550,833 |
Accounts payable and accrued expenses | $132,235 |
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 | $0 |
Total liabilities | $132,235 |
Net assets without donor restrictions | $8,286,642 |
Net assets with donor restrictions | $1,131,956 |
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 | $9,550,833 |
Over the last fiscal year, we have identified 1 grants that Renaissance West Community Initiative has recieved totaling $8,286.
Awarding Organization | Amount |
---|---|
Janes Fund Charlotte, NC PURPOSE: CAMP EXPERIENCES & ACADEMIC REWARD PARTY FOR STUDENTS & STAFF APPRECIATION. | $8,286 |
Organization Name | Assets | Revenue |
---|---|---|
University Of South Carolina Business Partnership Foundation Columbia, SC | $128,044,992 | $17,993,004 |
Mason Korea Llc Fairfax, VA | $8,225,008 | $12,324,735 |
Virginia Tech Real Estate Fdn Blacksburg, VA | $231,612,607 | $16,876,838 |
Alliance For Academic Internal Medicine Inc Alexandria, VA | $13,744,999 | $6,917,370 |
Francis Marion University Development Foundation Florence, SC | $27,042,578 | $6,587,347 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
Core Knowledge Foundation Charlottesville, VA | $10,759,261 | $6,889,029 |
Georgia Charter Schools Association Inc Atlanta, GA | $3,275,551 | $3,963,375 |
Tennessee School Boards Association Nashville, TN | $6,082,451 | $2,785,185 |
South Carolina Universities Research And Education Foundation Aiken, SC | $556,555 | $2,208,324 |
South Carolina First Steps To School Readiness Board Of Trustees Greenwood, SC | $426,843 | $2,213,711 |