New York · Nonprofit
RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION
RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION (New York) receives grants from 20 organizations whose IRS filings report $4,976,755 to it, the largest being NYBDC LOCAL DEVELOPMENT CORPORATION ($705,366). 7 of them have funded it in more than one year.
- Revenue FY2024
- $6.0M
- Funders on record
- 20
- Grants received
- $5.0M
- Net assets
- $19M
What Renaissance Economic Development Corporation does
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.
As stated on its FY2024 Form 990.
Programs
Small business loans program - redc lends money to small businesses in its target communities. Many of these small business borrowers operate business in the retail, wholesale, restaurtant, and certain personal service industries with their primary business operations located in new york city.
$2,516,308 spent$1,098,518 earned by the program57% of program spendingTechnical assistance & education - redc provides targeted technical assistance to low income entrepreneurs & small business owners, helping them to overcome traditional impediments to business growth and success. Redc specializes in servicing businesses in its target markets that banks and government programs cannot serve, suchas low income, start-up, thinly capitalized enterprises whose owners are often hobbled by poor or non-existent english skills and unfamiliarity with the banking system in this country.
$1,876,345 spent43% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $4,392,653.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $27M to $34M (+27%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 53% · 2018 50% · 2019 57% · 2020 33% · 2021 43% · 2022 76% · 2023 55% · 2024 68%. Grants only. Government contracts and fees sit inside program revenue.
80% of RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Thomas Yu
President/executive director
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 6 funders, grant income fell $715k → $429k.
6 of 20 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 31% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $313k from one payer (the payer shares this organization's board, largest Asian Americans for Equality Inc). These are real filings, and they are not money RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION raised.
From the IRS filings of RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION has a broad base — no single funder exceeds 14% of grant income, and it takes 5 funders to reach half.
the vertical line marks half of all grant income — 5 funders to its left
57% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 99% · 2019 100% · 2020 37% · 2021 35% · 2022 30% · 2023 35% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
33% of RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 35% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
70% of RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.5M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION runs a healthier operating margin than half of the 4,206 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,206 community improvement nonprofits $1M–$10M, FY2024
Government funding RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $16.1M on record.
- Small Business Administration$8.2M
- Department of the Treasury$7.9M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
79% of spending goes to programs.
Governance
Public support
86%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 33 related entities
- 4 NYC Housing Inc · exempt
- Aafe Community Development Fund Inc · exempt
- Aafe Fair Housing Center Inc · exempt
- Aafe New Americans Opportunity Fund Inc · exempt
- Asian American Housing Development Fund Company Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION?
- RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION (New York) receives grants from 20 organizations whose IRS filings report $4,976,755 to it, the largest being NYBDC LOCAL DEVELOPMENT CORPORATION ($705,366). 7 of them have funded it in more than one year.
- How many funders does RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION have?
- IRS filings report 20 organizations giving $4,976,755 in grants to RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION, 7 of which have funded it in more than one year.
- Who is the largest funder of RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION?
- NYBDC LOCAL DEVELOPMENT CORPORATION is the largest funder on record, with $705,366 in grants. The full list of funders is on this page.
- How can an organization like RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Renaissance Economic Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 20 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing