Redeemer Renaissance Community Development Corporation
- Assets
- $4.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 23-3061735
Organization Overview
Redeemer Renaissance Community Development Corporation is located in Philadelphia, PA. The organization was established in 2003. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redeemer Renaissance Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Redeemer Renaissance Community Development Corporation generated $5.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (51.1%) each year. All expenses for the organization totaled $4.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (43.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Presley Chairman | 1 | $0 | |
Myra Maxwell Vice Chairman | 1 | $0 | |
Mary Wellin Secretary | 1 | $0 | |
Gertrude Teat Executive Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,584 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,584 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,638 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,575 |
| Total expenses | $4,213 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,372 |
| Other assets | $0 |
| Total assets | $4,934 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,934 |