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Organizations Community Improvement & Capacity Building Renaissance Economic Development Corporation

Renaissance Economic Development Corporation

Fiscal year ending 2022. Filed on November 6, 2023.

2 Allen Street 7th Floor
New York, New York 10002

Renaissance Economic Development Corporation (EIN: 13-3946529) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Renaissance Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 6 out of 31 total employees. Among the employees shown here, the average compensation is $177,814. The highest compensated employee at Renaissance Economic Development Corporation is Thomas Yu with fiscal year 2022 compensation of $321,804.

Revenue, expenses, and employee compensation

Revenue

$4,221,507

Expenses

$3,628,639

Employee compensation

$2,156,780
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Thomas Yu
Co-Executive Director
$321,804
$0 $268,262 $53,542
Jennifer Sun
CO Executive Director/Tr (Outgoing)
$200,749
$0 $160,060 $40,689
Jessie Lee
Managing Director
$189,453
$170,077 No related comp$19,376
Jannie Lai
Programs Director
$135,161
$104,898 No related comp$30,263
Veronique Marcus
Programs Director
$112,679
$109,380 No related comp$3,299
Joy Suzanne Granado
Chief Accounting Officer
$107,038
$0 $96,262 $10,776

Benchmark Employee Compensation

Non-Employee Board Members

Kyle Foley
Board Member
Mary Liu
Board Member
Peggy Chan
Chair
Ping Dang
Board Member
Raymond Lou
Secretary
Timothy Wong
Board Member
Turney Singh Baba
Board Member

Mission Statement

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.

Revisions to this organization profile

November 5, 2025:
2024 Renaissance Economic Development Corporation 990 filed
October 30, 2024:
2023 Renaissance Economic Development Corporation 990 filed
November 6, 2023:
2022 Renaissance Economic Development Corporation 990 filed

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