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Renaissance Neighborhood Development

Tax-deductible

New Orleans, LA501(c)(3)EIN 20-8947208

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.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $241K a year · 6% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $95K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
+12% vs prior year
Spent
$2.9M
To programs
100%
Net assets
$27.6M
By yearFY2020–FY2025
Revenue
$2.8M
FY2025▲ +12%
Revenue by fiscal year
FY2020$6.5M
FY2021$6.7M
FY2022$3.3M
FY2023$4.1M
FY2024$2.5M
FY2025$2.8M
Expenses
$2.9M
FY2025▲ +7%
Expenses by fiscal year
FY2020$2.7M
FY2021$2.3M
FY2022$14.2M
FY2023$2.5M
FY2024$2.7M
FY2025$2.9M
Net assets
$27.6M
FY2025▼ -2%
Net assets by fiscal year
FY2020$19.5M
FY2021$23.8M
FY2022$24.4M
FY2023$29.0M
FY2024$28.2M
FY2025$27.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.9M

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Mike King
Secretary
$0Pt VII · Sec A
Shawn M Bloom
Treasurer
$0Pt VII · Sec A
Voris Vigee
President & CEO
$0Pt VII · Sec A
Vanessa Levine
Executive Director
$0Pt VII · Sec A
Gary Zapata
Chief Financial Officer
$0Pt VII · Sec A
See Renaissance Neighborhood Development executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing and related services to those in need.

Provided by the organization

This section is blank until Renaissance Neighborhood Development claims this page.

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1 program service account for $2.9M of program spending, described in the organization's own filed words · FY2024.
01

Created in response to the devastation caused by hurricane katrina, renaissance neighborhood development corporation (RNDC) constructs, rehabilitates or acquires housing in the greater new orleans area that is affordable to very low-, low-, and moderate-income families.

$2.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Enterprise Community Partners INCFY2021$95K
Total grants receivedfrom 1 funder$95K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.8M
Ln 12
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$225K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.9M
Owns and owesPt X
$27.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$30.3M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$225K
Gains on assetsLn 7−$626K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$2.8M
Cash and savings togetherLn 1–2$2.8M
InvestmentsLn 11–13$26.0M
Land, buildings, equipmentLn 10c$878K
Other assetsLn 15$369K
Total assetsLn 16$30.3M
LiabilitiesLn 26$2.7M
Net assetsLn 32$27.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.6M$2.8M
InvestmentsLn 11–13$25.7M$26.0M
Land, buildings, equipmentLn 10c$1.6M$878K
Total assetsLn 16$31.0M$30.3M
LiabilitiesLn 26$2.8M$2.7M
Net assetsLn 32$28.2M$27.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$8K$8K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$96K$96K
Investment management feesLn 11f$8K$8K
Other fees for servicesLn 11g$2.3M$2.3M
Advertising and promotionLn 12$760$760
Office expensesLn 13$31K$31K
OccupancyLn 16$134K$134K
Conferences, conventions and meetingsLn 19$36K$36K
InterestLn 20$10K$10K
Payments to affiliatesLn 21$41K$41K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$241K$241K
All other expensesLn 24e$712$712
Total functional expensesLn 25$2.9M$2.9M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.8M$2.9M−$148K$27.6M 990 PDF
FY2024 $2.5M$2.7M−$240K$28.2M 990 PDF
FY2023 $4.1M$2.5M$1.6M$29.0M 990 PDF
FY2022 $3.3M$14.2M−$10.9M$24.4M 990 PDF
FY2021 $6.7M$2.3M$4.4M$23.8M 990 PDF
FY2020 $6.5M$2.7M$3.8M$19.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $2,761,795 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,790,587$2,790,587
VIII-3 Investment incomeExcluded from tax $224,534$224,534
VIII-6 Net rental income or lossRelated to mission $14,400$14,400
VIII-7 Net gain or loss on sales of assetsUnrelated business −$843,549 · Excluded from tax $217,252−$626,297
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$42,062 · Unrelated business $400,633$358,571
VIII-12 Total revenueRelated to mission $2,762,925 · Unrelated business −$442,916 · Excluded from tax $441,786$2,761,795
Part IX · Statement of functional expenses $2,909,492 across 15 lines filed
IX-11a Management feesPrograms $7,600$7,600
IX-11b Legal feesPrograms $14,106$14,106
IX-11c Accounting feesPrograms $96,313$96,313
IX-11f Investment management feesPrograms $7,921$7,921
IX-11g Other fees for servicesPrograms $2,267,339$2,267,339
IX-12 Advertising and promotionPrograms $760$760
IX-13 Office expensesPrograms $30,835$30,835
IX-16 OccupancyPrograms $133,918$133,918
IX-19 Conferences, conventions and meetingsPrograms $35,966$35,966
IX-20 InterestPrograms $9,865$9,865
IX-21 Payments to affiliatesPrograms $41,000$41,000
IX-22 Depreciation, depletion and amortizationPrograms $9,166$9,166
IX-23 InsurancePrograms $13,239$13,239
IX-24 Other expenses (24a–d)Programs $240,752$240,752
IX-24e All other expensesPrograms $712$712
IX-25 Total functional expensesPrograms $2,909,492 · Management $0 · Fundraising $0$2,909,492
Part X · Balance sheet $30,294,189 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,556,580$2,801,988
X-3 Pledges and grants receivableStart of year $16,698$16,698
X-4 Accounts receivableStart of year $223,159$192,021
X-9 Prepaid expenses and deferred chargesStart of year $63,852$62,203
X-10c Land, buildings and equipment, netStart of year $1,636,000$878,277
X-11 Publicly traded securitiesStart of year $2,067,361$2,300,760
X-13 Program-related investmentsStart of year $23,613,071$23,672,945
X-15 Other assetsStart of year $804,439$369,297
X-16 Total assetsStart of year $30,981,160$30,294,189
X-17 Accounts payable and accrued expensesStart of year $212,335$303,261
X-24 Unsecured notes and loans payableStart of year $198,054$198,054
X-25 Other liabilitiesStart of year $482,657$237,313
X-26 Total liabilitiesStart of year $2,810,265$2,654,128
X-27 Net assets without donor restrictionsStart of year $28,170,895$27,640,061
X-32 Total net assets or fund balancesStart of year $28,170,895$27,640,061
X-33 Total liabilities and net assetsStart of year $30,981,160$30,294,189
Part XI · Reconciliation of net assets $27,640,061 net assets at year end
XI-1 Total revenue$2,761,795
XI-2 Total expenses$2,909,492
XI-3 Revenue less expenses−$147,697
XI-4 Net assets at start of year$28,170,895
XI-5 Net unrealized gains (losses) on investments−$41,845
XI-9 Other changes in net assets−$341,292
XI-10 Net assets at end of year$27,640,061

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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