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Organizations Community Improvement & Capacity Building Renaissance Economic Development Corporation

Renaissance Economic Development Corporation

Fiscal year ending 2023. Filed on October 30, 2024.

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 2023 IRS Form 990 filing, Renaissance Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 6 out of 36 total employees. Among the employees shown here, the average compensation is $189,470. The highest compensated employee at Renaissance Economic Development Corporation is Thomas Yu with fiscal year 2023 compensation of $345,309.

Revenue, expenses, and employee compensation

Revenue

$4,107,593

Expenses

$5,123,533

Employee compensation

$2,947,165
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Thomas Yu
President and Executive Director
$345,309
$0 $279,045 $66,264
Joy Suzanne Granado
Chief Financial Officer
$220,590
$0 $192,545 $28,045
Jessie Lee
Managing Director
$200,871
$175,773 No related comp$25,098
Jannie Lai
Programs Director
$154,686
$116,593 No related comp$38,093
Veronique Marcus
Programs Director
$129,108
$124,567 No related comp$4,541
Mary Liu
Outgoing Board Member
$86,253
$63,613 No related comp$22,640

Benchmark Employee Compensation

Non-Employee Board Members

Gigi Lau Gilsinan
Board Member
Kyle Foley
Board Member
Michael Lee
Board Member
Peggy Chan
Treasurer
Ping Dang
Outgoing Board Member
Raymond Lou
Secretary
Timothy Wong
Board Member
Tony Lin
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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