RENAISSANCE COMMUNITY LOAN FUND

EIN: 208181931 501(c)(3) Public Safety

GULFPORT, MS

Total Revenue
$5,391,783
Total Expenses
$5,040,988
Total Assets
$61,916,456
Net Assets
$29,731,820
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MS
Principal Officer
KIMBERLY LAROSA
Phone
2288963386
Tax Period
2023-01-01 to 2023-12-31

RENAISSANCE COMMUNITY LOAN FUND, founded in 2007, is a community nonprofit in the Public Safety sector that reported $5.4M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $5.0M left a modest 7% surplus.

Mission

TO PROVIDE SUPPORT THROUGH TECHNICAL AND FINANCIAL ASSISTANCE TO FACILITATE THE DEVELOPMENT OF COMMUNITIES WHICH PROVIDE SAFE, QUALITY HOUSING FOR THE WORKFORCE AND SPECIAL NEED RESIDENTS OF THE MISSISSIPPI GULF COAST AND ECONOMIC OPPORTUNITIES THAT WILL ADD/RETAIN JOBS IN THE COMMUNITY OR THAT CREATE ENTREPRENEURIAL OPPORTUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,076,677
Program Service Revenue $705,758
Investment Income $2,609,004
Other Revenue $344
TOTAL REVENUE $5,391,783

Expense Breakdown

Grants Paid $145,000
Salaries & Benefits $2,551,863
Fundraising Expenses $0
Program Expenses $2,708,269
Other Expenses $2,344,125
TOTAL EXPENSES $5,040,988

Year-over-Year Comparison

2023 2022 Change
Revenue $5,391,783 $6,648,710 -0.2%
Expenses $5,040,988 $3,905,005 +0.3%
Net Income $350,795 $2,743,705 -0.9%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
34
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$239,640
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOROTHY SHAW CHAIRMAN 0.00
Officer Director
$0 $0 $0
DAVE DENNIS SECRETARY 0.00
Director
$0 $0 $0
DAVID NICHOLS VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
KAREN SOCK DIRECTOR 0.00
Director
$0 $0 $0
LAURA HASTY TREASURER 0.00
Officer Director
$0 $0 $0
MICHELLE WHETTEN DIRECTOR 0.00
Director
$0 $0 $0
ZELL LONG DIRECTOR 0.00
Director
$0 $0 $0
KIMBERLY LAROSA PRESIDENT/CEO 40.00
Officer Highest
$239,640 $0 $239,640
CHARLES WALL CHIEF FIANACIAL OFFICER 40.00
Highest
$172,130 $0 $172,130
CAMILLE T SCHAFER DIRECTOR OF PROGRAMS 40.00
Highest
$139,500 $0 $139,500
DENISE CARVER DIRECTOR OF MARKETING & AD 40.00
Highest
$126,400 $0 $126,400
JOHN MARLIN DIRECTOR OF LENDING 40.00
Highest
$129,000 $0 $129,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,391,783 $5,040,988 $61,916,456 $350,795
2022 $6,648,710 $3,905,005 $53,451,589 $2,743,705
2022 $6,648,710 $3,905,005 $53,451,589 $2,743,705
2021 $5,045,088 $4,499,656 $50,426,367 $545,432
2020 $4,479,523 $4,051,135 $46,955,538 $428,388
2019 $4,534,265 $3,831,975 $44,962,702 $702,290
2018 $4,776,386 $4,287,231 $37,127,817 $489,155
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