The Renaissance Collaborative Inc
- Assets
- $5.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 51
- Location
- Chicago, IL
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 36-3843379
Organization Overview
The Renaissance Collaborative Inc is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Renaissance Collaborative Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Collaborative Inc 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 Collaborative Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.9m 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
PROVIDE AFFORDABLE HOUSING AND A SUITABLE LIVING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING AND A SUITABLE LIVING ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Abrams Executive Dir. | Officer | 40 | $0 |
Sheila Radford-Hill Director | Trustee | 0 | $0 |
Aaron S W Greene Director | Trustee | 0 | $0 |
Cynthia Miller Director | Trustee | 0 | $0 |
Rev Horace Smith Director | Trustee | 0 | $0 |
Rev Fulton Porter Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $536,565 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $685,889 |
| Total Program Service Revenue | $925,471 |
| Investment income | $70,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,942 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,738,390 |
| 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 | $760,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $152,140 |
| 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 | $116,200 |
| Advertising and promotion | $0 |
| Office expenses | $14,479 |
| Information technology | $39,651 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $736 |
| Interest | $710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $388,444 |
| Insurance | $67,434 |
| All other expenses | $63,781 |
| Total functional expenses | $1,850,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $71,337 |
| Accounts receivable, net | $278,450 |
| 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 | $6,146 |
| Net Land, buildings, and equipment | $2,657,652 |
| Investments—publicly traded securities | $1,539,852 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $289,051 |
| Other assets | $194,137 |
| Total assets | $5,527,481 |
| Accounts payable and accrued expenses | $215,119 |
| Grants payable | $0 |
| Deferred revenue | $192,222 |
| 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 | $7,337,935 |
| Unsecured mortgages and notes payable | $250,000 |
| Other liabilities | $26,462 |
| Total liabilities | $8,021,738 |
| Net assets without donor restrictions | -$2,494,257 |
| 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 | $5,527,481 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Renaissance Collaborative Inc has recieved totaling $47,106.
| Awarding Organization | Amount |
|---|---|
The Pierce Family Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
Blowitz-Ridgeway Foundation Schaumburg, IL PURPOSE: FOR GENERAL OPERATING SUPPORT OF ITS AFFORDABLE HOUSING FOR LOW-INCOME SENIORS AND CHRONICALLY HOMELESS IN CHICAGO'S BRONZEVILLE NEIGHBORHOOD. IN ADDITION TO SROS, RENAISSANCE OFFERS SUPPORTIVE SERVICES SUCH AS CASE MANAGEMENT, EMPLOYMENT TRAINING, ETC. | $15,000 |
The Pierce Family Charitable Foundation Wilmington, DE PURPOSE: PROFESSIONAL DEVELOPMENT AND TECHNOLOGY UPGRADES | $10,000 |
The Pierce Family Charitable Foundation Wilmington, DE PURPOSE: TECHNOLOGY UPGRADES | $6,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |