Public Charity

RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION

Based in NEW YORK, NY, RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION operates as a Public Charity. The organization reported $6.0M in revenue, $5.6M in expenses, $33.7M in total assets for fiscal year 2024. Imperigo tracks 27 reported grant relationships connected to this organization totaling approximately $3.1M.

EIN: 133946529 NEW YORK, NY Latest filing: 2024
Total Revenue$6.0M
Total Expenses$5.6M
Total Assets$33.7M
Grant Records27
Funding Total$3.1M
Filing Years2019–2024

Mission

RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION PROVIDES DIRECT FINANCING AND TECHNICAL ASSISTANCE SERVICES THROUGHOUT NEW YORK CITY. RENAISSANCE FOCUSES ON LOW-INCOME NEIGHBORHOODS WHERE THE BARRIERS OF LANGUAGE, CULTURE AND CONVENTIONAL LOAN UNDERWRITING HAVE STYMIED THE GROWTH OF SMALL BUSINESSES. UNDERPINNING ALL OF RENAISSANCE'S LENDING ACTIVITY IS A COMMITMENT TO INCREASE BUSINESS OPPORTUNITIES FOR LOW-INCOME ENTREPRENEURS.

Sample Grants Received

2024
Expand Small Business Support
$150,000
2024
GOLDMAN SACHS AND NEIGHBORWORKS PASS THROUGH GRANT TO REDC
$132,750
2024
GENERAL SUPPORT
$100,000
2023
ASSISTANCE TO SMALL BUSINESS
$135,000

Showing up to 5 of 27 total records — full history available with membership.

Officers & Directors

BOARD MEMBER Connie Lee
BOARD MEMBER Gigi Lau Gilsinan
DIRECTOR OF PROGRAMS Jannie Lai
MANAGING DIRECTOR Jessie Lee
CHIEF ACCOUNTING OFFICER (OUTGOING) Joy Suzanne Granado
BOARD MEMBER Kyle Foley

Officer compensation and complete director data available with membership.

Top Grant Purposes

TO ADDRESS INCOME INEQUALITY IN NEW YORK CITY BY PROVIDING CAPITAL TO BUSINESSES AND ENTREPRENEURS IN HIGHLY DISTRESSED NEIGHBORHOODS.
$705,366 1 grant
GENERAL SUPPORT
$403,000 4 grants
TO SUPPORT TECHNOLOGY, STAFF, AND OTHER STRATEGIES FOR INCREASING CAPACITY TO TRACK DATA AND DELIVER INNOVATIVE PRODUCTS
$400,000 1 grant
ASSISTANCE TO SMALL BUSINESS
$225,000 3 grants
ADVISED - TO HELP RENAISSANCE ECONOMIC DEVELOPMENT CORP (REDC) TO SUPPORT AND HELP TRANSFORM LOW-TO-MODERATE INCOME AND IMMIGRANT COMMUNITIES IN NEW YORK CITY BY PROVIDING LOW-INTEREST SMALL BUSINESS LOANS. TRAINING AND COUNSELING SERVICES IN NYC.
$150,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $6.0M $5.6M $33.7M
2023 $4.1M $5.1M $32.6M
2022 $4.2M $3.6M $31.3M
2020 $6.7M $3.4M $34.0M
2019 $2.3M $2.5M $26.9M

Between 2019 and 2024, reported annual revenue grew from $2.3M to $6.0M (+167%), with total assets most recently reported at $33.7M.

Interactive year-over-year charts and full filing details available with membership.

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