Renaissance West Community Initiative

EIN: 271396021 501(c)(3) Education

Charlotte, NC

Total Revenue
$2,404,772
Total Expenses
$6,455,512
Total Assets
$8,621,103
Net Assets
$8,147,407
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NC
Principal Officer
William McDonald
Tax Period
2024-01-01 to 2024-12-31

Renaissance West Community Initiative, founded in 2009, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $6.5M exceeded revenue, resulting in a 168% operating deficit.

Mission

To promote a collaborative community centered on quality housing, education, health, wellness, & opportunity.

Program Service Accomplishments

Program 1
Expenses: $2,199,856

Workforce Development and Adult EducationThis program supports residents in expanding their educational and career opportunities through personalized career coaching, including career assessments...

Read more

Workforce Development and Adult EducationThis program supports residents in expanding their educational and career opportunities through personalized career coaching, including career assessments, resume building, and job search assistance. It also facilitates enrollment in certification programs and offers initiatives to improve digital and financial literacy. In 2024, three individuals enrolled in the online GED program, while 25 participated in the in-person GED program, with one graduate. In total, 28 individuals were served through this program.Early Childhood EducationOperated by Dixon Academy, the Howard Levine Child Development Center (HLCDC) is a high-quality early learning program aimed at preparing children for kindergarten. In 2024, the center enrolled 135 children, including 38 NC Pre-K students. End-of-year data for the 2023-2024 school year from Charlotte-Mecklenburg Schools indicated limited growth across all measures in the prekindergarten classrooms. Additionally, 44 children received speech services during the school year. Pre-test results showed that 29% of these children demonstrated age-appropriate language and literacy skills, while post-test results revealed a significant improvement, with 95% achieving age-appropriate skills.K-8 EducationRenaissance West STEAM Academy serves students from pre-kindergarten through eighth grade, offering educational and enrichment opportunities to foster academic achievement. Approximately 800 students are enrolled. For the 20232024 school year, students in grades 3 through 8 met 100% of the Charlotte-Mecklenburg Schools (CMS) average growth objectives, and 100% of Math 1 students met the average proficiency objectives. Other performance metrics included 42% proficiency in Math 1 (Grade 8), 44% in elementary reading, and 47% in middle school reading. The school also offers a variety of out-of-school time programs, including Barre Belle (15 participants), Alliance Center for Education (35), Girl Scouts (24), and Kids in the Kitchen (64), totaling 138 students engaged in extracurricular activities.Health and WellnessThis program aims to enhance the mental and physical well-being of residents through community engagement and health initiatives. In 2024, three large-scale neighborhood-wide events were held, meeting the target, with an average attendance of 250 people, surpassing the goal of 200. Additionally, 140 targeted or specialized events, such as job fairs and food distribution events, were conductedmore than double the target of 60. Health improvement participation reached 64%, exceeding the 30% goal. However, only 63% of residents self-reported being in good health or better, falling short of the 90% target. The community crime rate was 38 per 1,000 residents, which is within 5% of the local average of 40.Family Self-Sufficiency (FSS) Case Management The FSS program is a work-requirement initiative designed to help participants increase their income and achieve upward mobility. It also includes a focus on older adults, offering programming that supports mental and physical wellness, leadership development, and access to resources. Participation in the program was recorded at 44 in January 2025 and 32 in March 2025.Life Navigation This voluntary program provides personalized coaching and mentoring to help families set SMART goals that promote educational advancement and access to higher-paying jobs. In 2023, the employment rate among participants rose from 67% in 2022 to 75%. Participation numbers fluctuated due to the voluntary nature of the program, with 120 participants in November 2024, 106 in January 2025, and 75 in March 2025. Combined with the FSS program, the total number of households impacted was 150 in January 2025 and 127 in March 2025.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,279,966
Program Service Revenue $0
Investment Income $87,845
Other Revenue $36,961
TOTAL REVENUE $2,404,772

Expense Breakdown

Grants Paid $318,866
Salaries & Benefits $1,971,861
Fundraising Expenses $334,281
Program Expenses $2,199,856
Other Expenses $4,164,785
TOTAL EXPENSES $6,455,512

Year-over-Year Comparison

2024 2023 Change
Revenue $2,404,772 $1,801,410 +0.3%
Expenses $6,455,512 $2,941,265 +1.2%
Net Income $-4,050,740 $-1,139,855 +2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
22
Independent Members
21
Employees
32
Volunteers
200

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
5
$170,238
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William M McDonald Jr CEO 40.00
Officer
$150,758 $19,480 $170,238
Laura Colson McLean COO 40.00
$101,764 $11,178 $112,942
Trent Legare Chairman 1.00
Officer Director
$0 $0 $0
Renee Kosofsky Member 1.00
Director
$0 $0 $0
Clare Jansson Member 1.00
Director
$0 $0 $0
Stuart Sherrill Vice Chariman 1.00
Officer Director
$0 $0 $0
Dante Anderson Member 1.00
Director
$0 $0 $0
Crystal Byrd Member 1.00
Director
$0 $0 $0
Venton Bell Jr Member 1.00
Director
$0 $0 $0
Michelle Elam Sr. Director 1.00
Officer Director
$0 $0 $0
Mark Ethridge Member 1.00
Director
$0 $0 $0
Anthony Fox Member 1.00
Director
$0 $0 $0
Haley Gentry Member 1.00
Director
$0 $0 $0
Matt Hawkins Member 1.00
Director
$0 $0 $0
David Howard Member 1.00
Director
$0 $0 $0
Cindy Praeger Member 1.00
Director
$0 $0 $0
Robin Stuart Member 1.00
Director
$0 $0 $0
Jessie Wei Member 1.00
Director
$0 $0 $0
Jequetta Caldwell Member 1.00
Director
$0 $0 $0
Curtis Carroll Member 1.00
Director
$0 $0 $0
Homiar Hathiram Member 1.00
Director
$0 $0 $0
William Hodges Member 1.00
Director
$0 $0 $0
Stuart Sherrill Treasurer 1.00
Officer Director
$0 $0 $0
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 $2,404,772 $6,455,512 $8,621,103 $-4,050,740
2023 $1,801,410 $2,941,265 $8,210,099 $-1,139,855
2022 $2,280,149 $2,788,660 $9,385,480 $-508,511
2021 $4,133,933 $1,975,274 $9,550,833 $2,158,659
2020 $2,152,414 $2,042,143 $7,289,659 $110,271
2019 $1,544,163 $2,545,159 $7,193,467 $-1,000,996
2018 $3,113,863 $2,607,843 $8,352,707 $506,020
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Renaissance West Community Initiative with other nonprofits in North Carolina and across the country.