RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION (EIN 208947208) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

VANESSA LEVINE

Phone

5047084370

Tax Period

2024-07-01 to 2025-06-30

RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 2006, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $27.6M represent 120 months of operating reserves.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE HOUSING RELATED SERVICES TO (CONT'D ON SCHEDULE O) THOSE WHO ARE IN NEED OF AFFORDABLE HOUSING OPTIONS. THIS INCLUDES THE OWNERSHIP AND OPERATION OF VARIOUS HOUSING FACILITIES ON A NONPROFIT BASIS WITH THE PROVISION OF HOUSING RELATED SERVICES ON A NONPROFIT BASIS. THIS INCLUDES SUCH PURPOSES AS THE MAKING OF DISTRIBUTIONS AND CONTRIBUTIONS TO ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM TAXATION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,790,587

Investment Income $-401,763

Other Revenue $372,971

TOTAL REVENUE $2,761,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,909,492

Other Expenses $2,909,492

TOTAL EXPENSES $2,909,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,761,795	$2,474,377	+0.1%
Expenses	$2,909,492	$2,714,447	+0.1%
Net Income	$-147,697	$-240,070	-0.4%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$1,771,805

Total Directors

$1,278,974

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD SIMMONS JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE KING	SECRETARY	1.00	Officer Director	$0	$183,373	$868,407
SHAWN M BLOOM	TREASURER	1.00	Officer Director	$0	$0	$0
VORIS VIGEE	PRESIDENT & CEO	15.00	Officer Director	$0	$125,492	$410,567
VANESSA LEVINE	EXECUTIVE DIRECTOR	35.00	Officer	$0	$70,114	$283,077
GARY ZAPATA	CHIEF FINANCIAL OFFICER	15.00	Officer	$0	$46,540	$209,754

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
2025	$2,761,795	$2,909,492	$30,294,189	$-147,697
2024	$2,474,377	$2,714,447	$30,981,160	$-240,070
2023	$4,055,890	$2,477,618	$32,414,873	$1,578,272
2023	$4,055,890	$2,477,618	$32,414,873	$1,578,272
2022	$3,321,092	$14,222,165	$26,593,789	$-10,901,073
2021	$6,737,741	$2,315,399	$26,332,097	$4,422,342
2020	$6,549,007	$2,703,964	$24,274,303	$3,845,043

RENAISSANCE NEIGHBORHOOD DEVELOPMENT CORPORATION