Renewing Communities Inc
- Assets
- $5.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2021
- EIN
- 84-3081622
Organization Overview
Renewing Communities Inc is located in Indianapolis, IN. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renewing Communities 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, Renewing Communities Inc generated $1.1m in total revenue. All expenses for the organization totaled $581.9k during the year ending 12/2021. While expenses have increased by 333.8% per year over the past 3 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
DISASTER AND EMERGENCY RELIEF, COMMUNITY SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Fernhaber President | 0 | $0 | |
Ethan Fernhaber Treasurer | 0 | $0 | |
Amanda Warren Secretary | 0 | $0 | |
John Gammon Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $870,283 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | -$63,803 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,107,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $73,044 |
| Pension plans, employee benefits | $0 |
| Interest | $20,196 |
| Taxes | $0 |
| Depreciation | $218,068 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $176,833 |
| Total operating and administrative expenses | $499,558 |
| Contributions, gifts, grants paid | $82,306 |
| Total expenses and disbursements | $581,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,355 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $16,823 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,492 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,322,056 |
| Other assets | $359,412 |
| Total assets | $5,839,138 |
| Accounts payable and accrued expenses | $256 |
| Grants payable | $0 |
| Deferred revenue | $18,192 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $600,000 |
| Mortgages and other notes payable | $4,586,848 |
| Other liabilities | $53,289 |
| Total liabilities | $5,258,585 |
Grants Awarded
Over the last fiscal year, Renewing Communities Inc has awarded $82,306 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
EMERGENCY ASSISTANCE GRANT FOR INDI PURPOSE: EMERGENCY RENT AND OTHER CASH ASSISTANCE | $44,384 |
DENTAL ASSISTANCE FUND PURPOSE: DENTAL ASSISTANCE FOR THE COMMUNITY | $13,620 |
Carmel, IN PURPOSE: GRANT - PURCHASED FOOD DONATIONS | $7,803 |
CRU - INDIANAPOLIS PURPOSE: GRANT | $5,197 |
CRAINE HOUSE PURPOSE: GRANT | $5,000 |
LAND STEWARDS OF INDIANA PURPOSE: GRANT | $2,855 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Members Credit Union Indianapolis, IN | $2,918,005,380 | $115,174,004 |
Goodwill Industries Of North Central Wisc Inc Menasha, WI | $88,771,633 | $81,283,932 |
Childrens Home & Aid Society Of Illinois Chicago, IL | $55,063,389 | $78,192,284 |
Lutheran Social Services Of Illinois Des Plaines, IL | $62,918,656 | $74,591,812 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Community Advocates Inc Milwaukee, WI | $18,692,383 | $54,333,478 |
Lutheran Social Services Of Wisconsin And Upper Michigan West Allis, WI | $89,212,422 | $59,977,625 |
Ada S Mckinley Community Services Inc Chicago, IL | $17,309,260 | $43,710,701 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
Christian Social Service Of Illinois Belleville, IL | $18,359,176 | $39,517,456 |
Lifeline Youth & Family Services Inc Fort Wayne, IN | $15,628,659 | $38,083,955 |
Chicago Commons Association Chicago, IL | $18,778,773 | $34,368,248 |