National Community Renaissance Development Corporation is located in Rancho Cucamonga, CA. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, National Community Renaissance Development Corporation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Community Renaissance Development Corporation 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, National Community Renaissance Development Corporation generated $7.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $9.9m during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING AFFORDABLE RENTAL HOUSING THAT EMPOWERS LOW-INCOME RESIDENTS AND CHANGES COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVING THE QUALITY OF LIFE FOR LOW-INCOME FAMILIES BY STABILIZING AND REVITALIZING NEIGHBORHOODS VIA ACQUISITION, RENOVATION, AND MANAGEMENT OF AFFORDABLE HOUSING DEVELOPMENTS IN CALIFORNIA, FLORIDA, AND TEXAS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gavin Michael Clingham Board Member | Trustee | 1 | $0 |
Alan Mollohan Board Member | Trustee | 1 | $0 |
Laura Kurtz Kuhns Board Member | Trustee | 1 | $0 |
Armando Bucelo Jr ESQ Board Member | Trustee | 1 | $0 |
James Dcashion Board Member | Trustee | 1 | $0 |
Stephen G Larson Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $6,986,626 |
Investment income | $15,562 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,153,419 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,642,989 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $34,366 |
Fees for services: Accounting | $128,388 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $213,103 |
Advertising and promotion | $21,195 |
Office expenses | $616,512 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $795,298 |
Travel | $37,311 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $807,759 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,866,426 |
Insurance | $428,844 |
All other expenses | $14,418 |
Total functional expenses | $9,901,705 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,045,445 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $750,792 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $61,564 |
Net Land, buildings, and equipment | $15,570,786 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | -$378,477 |
Intangible assets | $0 |
Other assets | $7,031,217 |
Total assets | $27,081,327 |
Accounts payable and accrued expenses | $378,395 |
Grants payable | $0 |
Deferred revenue | $259,841 |
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 | $20,222,364 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,602,421 |
Total liabilities | $24,463,021 |
Net assets without donor restrictions | $2,618,306 |
Net assets with donor restrictions | $0 |
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 | $27,081,327 |