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 28 reported grant relationships connected to this organization totaling approximately $3.2M.

EIN: 133946529 NEW YORK, NY Economic Development NTEE: S30 Latest filing: 2024
Total Revenue$6.0M
Total Expenses$5.6M
Total Assets$33.7M
Grant Records28
Funding Total$3.2M
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.

Where $100 goes at Renaissance Economic Development Corporation

How Renaissance Economic Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$82 Programs the work itself
$14 Management running the organization
$4 Fundraising raising the next dollar

Inside the $82 for programs

$47
Small business loans program
57% of program spending
$35
Technical assistance & education
43% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2025
GENERAL SUPPORT
$100,035
2024
Expand Small Business Support
$150,000
2024
GOLDMAN SACHS AND NEIGHBORWORKS PASS THROUGH GRANT TO REDC
$132,750
2024
GENERAL SUPPORT
$100,000

Showing up to 5 of 28 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

Economic Development
$1,262,416 8 grants
General Support
$1,048,285 12 grants
Research & Policy
$400,000 1 grant
Mental Health & Substance Abuse
$384,500 5 grants
Unspecified
$65,000 2 grants

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.

See the full picture for RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION

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