RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION PROVIDES DIRECT FINANCING AND TECHNICAL ASSISTANCE SERVICES THROUGHOUT NEW YORK CITY. RENAISSANCE FOCUSES ON LOW-INCOME, IMMIGRANT 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, MINORITY, WOMEN, AND IMMIGRANT ENTREPRENEURS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in New York.
- Base
- $176k
- Bonus
- —
- Other
- —
- Benefits
- $18k
- Base
- $117k
- Bonus
- —
- Other
- —
- Benefits
- $33k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Managing Director Director (Operational) 75th to 90th percentile | $176k | — | — | $18k | $201k $225k |
Director of Programs Highest Compensated Employee 25th percentile to median | $117k | — | — | $33k | $155k $174k |
Director of Programs Highest Compensated Employee 25th percentile to median | — | — | — | — | $129k $145k |
Board Member (outgoing) Board Member Median to 75th percentile | — | — | — | — | $86k $97k |
President/executive Director 25th percentile to median | — | — | — | — | $66k $74k |
CFO 10th to 25th percentile | — | — | — | — | $28k $31k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 9 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2023, the highest total compensation at RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION
What does the Director (Operational) of RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION earn?
In 2023, the Director (Operational) of RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION received $200,871 in total compensation. This pay is in the top quarter for Director (Operational) roles among Community Improvement & Capacity Building organizations in New York, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Director (Operational) pay at RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in New York, the 2023 pay of the Director (Operational) at RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION's revenue and expenses?
In 2023, RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION reported $4.1M in total revenue and $5.1M in total expenses on its IRS Form 990.
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