Neighborhood Renaissance Inc
- Assets
- $20.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- West Palm Beach, FL
- Founding
- 02/1994
- Data as of
- 09/2021
- EIN
- 65-0352279
Organization Overview
Neighborhood Renaissance Inc is located in West Palm Beach, FL. The organization was established in 1994. 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 09/2021, Neighborhood Renaissance Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Renaissance 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 09/2021, Neighborhood Renaissance Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.2m during the year ending 09/2021. While expenses have increased by 3.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY EXPENDS FUNDS RECEIVED FROM GRANTS AND CONTRIBUTIONS TO INDIVIDUALS & BUSINESSES THAT CONTRIBUTE TO A COMMUNITY DEVELOPMENT OF COMMERCIAL AND RESIDENTIAL PROPERTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Hyatt Director | Trustee | 2 | $0 |
Tim Coppage Vice President | Officer | 2 | $0 |
Diane Mcneal Director | Trustee | 2 | $0 |
Cheryl Banks Director | Trustee | 2 | $0 |
Jean Bayol Director | Trustee | 2 | $0 |
Carl A Flick President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $614,951 |
| Investment income | $11,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $435,059 |
| Net Gain/Loss on Asset Sales | -$99,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,214,179 |
| Statement of Expenses | |
|---|---|
| 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. | $106,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $306,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,351 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $663,316 |
| Insurance | $7,760 |
| All other expenses | $0 |
| Total functional expenses | $1,154,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,467,114 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,900 |
| 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 | $130,607 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $654,912 |
| Total assets | $20,832,055 |
| Accounts payable and accrued expenses | $11,164 |
| 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 | $5,729,793 |
| Other liabilities | $101,347 |
| Total liabilities | $5,842,304 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $14,989,751 |