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Organizations Community Improvement & Capacity Building Renaissance Economic Development Corporation

Renaissance Economic Development Corporation

Fiscal year ending 2024. Filed on November 5, 2025.

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 2024 IRS Form 990 filing, Renaissance Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 6 out of 39 total employees. Among the employees shown here, the average compensation is $209,419. The highest compensated employee at Renaissance Economic Development Corporation is Thomas Yu with fiscal year 2024 compensation of $345,979.

Revenue, expenses, and employee compensation

Revenue

$6,008,977

Expenses

$5,585,083

Employee compensation

$3,201,422
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Thomas Yu
President and Executive Director
$345,979
$0 $284,107 $61,872
Jessie Lee
Managing Director
$233,939
$203,168 No related comp$30,771
Mary Liu
Deputy Managing Director
$209,205
$141,571 No related comp$67,634
Joy Suzanne Granado
Chief Accounting Officer (Outgoing)
$196,718
$0 $175,272 $21,446
Jannie Lai
Programs Director
$170,345
$115,576 No related comp$54,769
Socorro Maria Corona
Please Provide Tittle
$100,327
$100,327 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Connie Lee
Board Member
Gigi Lau Gilsinan
Board Member
Kyle Foley
Board Member
Michael Fong
Board Member
Michael Lee
Board Member
Peggy Chan
Former Treasurer
Raymond Lou
Former Secretary
Timothy Wong
Board Member
Tony Lin
Board Member
Turney Singh Baba
Treasurer

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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