Renaissance Economic Development Corporation
Donations deductibleRevenue
$6m
year to 31 December 2024
Expenses
$5.6m
year to 31 December 2024
Total assets
$33.7m
$14.8m liabilities
Net assets
$19m
assets less liabilities
Directors and trustees
11
5.6 years on average
Staff
39
8 volunteers
Left since last filing
0
no seats appear to have opened
Officers and senior staff
6
named in Part VII
Renaissance Economic Development Corporation's network
11 people5 organisationsi11 people and 5 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (11). Violet dotted lines (7) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
11 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 9 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Gigi LAU Gilsinan | Board Member | 2023 | 3 yrs |
| Kyle Foley | Board Member | 2022 | 4 yrs |
| Mary LIU | Board Member (Outgoing) | 2022 | 4 yrs |
| Michael Lee | Board Member | 2023 | 3 yrs |
| Peggy Chan | Treasurer | 2018 | 8 yrs |
| Ping Dang | Board Member (Outgoing) | 2018 | 8 yrs |
| Raymond LOU | Company secretary | 2018 | 8 yrs |
| Thomas YU | President/Executive Director | 2018 | 8 yrs |
| Timothy Wong | Board Member | 2022 | 4 yrs |
| Tony LIN | Board Member | 2023 | 3 yrs |
| Turney Singh Baba | Board Member | 2022 | 4 yrs |
Officers and senior leadership
6 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Chris Mallios | Director of Finance & Ad (Outgoing) | since 2018 |
| Jannie LAI | Director of Programs | since 2022 |
| Jessie Lee | Managing Director | since 2018 |
| Joy Suzanne Granado | Chief Accounting Officer | since 2022 |
| TIM Jung | Chief Financial Officer | 2020 |
| Veronique Marcus | Director of Programs | since 2022 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Jessie Lee | Managing Director | 35 | $203k | $31k | |
| Mary Liu | Deputy Managing Director | 40 | $142k | $68k | |
| Jannie Lai | Director of Programs | 40 | $116k | $55k | |
| Socorro Maria Corona | Please Provide Tittle | 40 | $100k | ||
| Connie Lee | Board Member | 1 | $0 | ||
| Gigi Lau Gilsinan | Board Member | 1 | $0 | ||
| Kyle Foley | Board Member | 0.3 | $0 | ||
| Michael Fong | Board Member | 1 | $0 | ||
| Michael Lee | Board Member | 1 | $0 | ||
| Peggy Chan | Treasurer (Outgoing) | 0.3 | $0 | ||
| Raymond Lou | Secretary (Outgoing) | 1 | $0 | ||
| Thomas Yu | President/Executive Director | 1 | $0 | $284k | $62k |
| Timothy Wong | Board Member | 1 | $0 | ||
| Tony Lin | Board Member | 1 | $0 | ||
| Turney Singh Baba | Treasurer | 1 | $0 | ||
| Joy Suzanne Granado | Chief Accounting Officer (Outgoing) | 1 | $0 | $175k | $21k |
About
- Legal name
- Renaissance Economic Development Corporation
- EIN
- 133946529
- Address
- 2 Allen St FL 7, New York, NY, 10002-5302
- State
- New York
- Mission
- 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... (as filed on the Form 990)
- Activity (NTEE)
- S30 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 8 (IRS master file code)
- Formed
- 1997
- Principal officer
- Thomas Yu (as named on the Form 990)
- IRS ruling date
- 1 March 1998
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 5, latest 2023
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
RelatedPROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK4 NYC Housing IncRelatedPROVIDES TECHNICAL ASSISTANCE AND AFFORDABLE SECOND MORTAGEGE LOANSAafe Community Development Fund IncRelatedPROVIDES AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATIONAsian American Housing Development Fund Company IncRelatedTO ADVANCES THE RIGHTS OF ASIAN AMERICANS AND ALL THOSE IN NEEDAsian Americans for Equality Inc
Longest observed on the filings
≥8years on the filingsPeggy Chan
≥8years on the filingsPing Dang
≥8years on the filingsRaymond LOU
≥8years on the filingsThomas YU
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $33.7m
- Total liabilities
- $14.8m
- Net assets or fund balances
- $19m
- Contributions and grants received
- $4.8m
- Program service revenue
- $1.1m
- Employees
- 39
- Volunteers
- 8
State registration
1 entityiBusiness-entity registers published by US states. These records are matched to this organisation by name and state, not by EIN, and are labelled as likely matches. Street addresses are not shown.Renaissance Economic Development Corporation likely matchiMatched by exact name and state (and ZIP where shown). State registers do not publish EINs, so this is not a confirmed match. Source: New York Department of State, active corporations (data.ny.gov n9v6-gdp6). Licence: New York open data terms of use. Data last fetched 18 October 2026.
- State
- New York
- Entity type
- Domestic Not-For-Profit Corporation
- Status
- Active
- Formed
- 14 March 1997
- Registered agent
- Not stated