Renewing Communities Inc
- Assets
- $5.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2022
- EIN
- 84-3081622
Organization Overview
Renewing Communities Inc is located in Indianapolis, IN. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renewing Communities Inc 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 12/2022, Renewing Communities Inc generated $1.9m in total revenue. All expenses for the organization totaled $2.0m during the year ending 12/2022.
Since 2021, Renewing Communities Inc has awarded 24 individual grants totaling $641,732. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISASTER AND EMERGENCY RELIEF, COMMUNITY SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Fernhaber President | 0 | $0 | |
John Gammon Vice President | 0 | $0 | |
Ethan Fernhaber Treasurer | 0 | $0 | |
Amanda Warren Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $569,032 |
| Interest on Savings | $285 |
| Dividends & Interest | $0 |
| Net Rental Income | $85,656 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $248 |
| Total Revenue | $1,946,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,870 |
| Other employee salaries and wages | $269,606 |
| Pension plans, employee benefits | $0 |
| Interest | $165,523 |
| Taxes | $4,870 |
| Depreciation | $207,833 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,709 |
| Printing and publications | $0 |
| Other expenses | $920,024 |
| Total operating and administrative expenses | $1,654,650 |
| Contributions, gifts, grants paid | $310,107 |
| Total expenses and disbursements | $1,964,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,133 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $23,576 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $196,776 |
| Prepaid expenses and deferred charges | $19,441 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,207,757 |
| Other assets | $340,104 |
| Total assets | $5,928,787 |
| Accounts payable and accrued expenses | $51,127 |
| Grants payable | $163,200 |
| Deferred revenue | $26,801 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $600,000 |
| Mortgages and other notes payable | $4,472,191 |
| Other liabilities | $52,765 |
| Total liabilities | $5,366,084 |
Grants Awarded
Over the last fiscal year, Renewing Communities Inc has awarded $249,319 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DENTALHEALTHCARE ASSISTANCE FUND PURPOSE: DENTAL AND MEDICAL ASSISTANCE FOR THE COMMUNITY | $7,470 |
EMERGENCY RENT ASSISTANCE GRANT FOR PURPOSE: EMERGENCY RENT ASSISTANCE | $62,002 |
LBNB GRANT PAYOUTS PURPOSE: VARIOUS GRANTS | $103,475 |
FELON UP PURPOSE: GRANT | $20,000 |
COMMUNITY ASSISTANCE GRANTS PURPOSE: OTHER EMERGENCY AND COMMUNITY ASSISTANCE | $36,621 |
RC CHARITABLE GIVING PURPOSE: VARIOUS GRANTS | $19,751 |