DOWNTOWN RENAISSANCE INC

ROCKY MOUNT, NC | Nash County
Economic Development

Overview

DOWNTOWN RENAISSANCE INC
56-1484798
130 S FRANKLIN ST
ROCKY MOUNT, NC 27804
Nash County
(252) 446-2341

Mission Statement info

THE ORGANIZATION WAS FORMED TO 1) COMBAT DETERIORATION IN THE DOWNTOWN AREA OF ROCKY MOUNT, 2) REDUCE THE UNEMPLOYMENT AND UNDEREMPLOYMENT OF MINORITIES IN THE ROCKY MOUNT AREA AND 3) ESTABLISH A CENTER WHERE WHITES, BLACKS AND OTHER RACES MAY WORK TOGETHER OR OTHERWISE BE EXPOSED TO EACH OTHER.

Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
CRA Category info
  • Economic Development
Nonprofit location info
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
400
Area development, redevelopment of renewal
402
Other activity aimed at combating community deterioration
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.8K
Revenue
$1.8K
Assets
$208K
Exempt Ruling Date info
1986-04
Deductibility Status info
Deductible
Tax Filing Year info
2017
Organization Type info
Corporation
Organization Tax Filing Status info
990 - Required to file Form 990-N - Income less than $25,000 per year
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
130 S FRANKLIN ST
ROCKY MOUNT, NC 27804
Nash County
FIPS Geocoded Address info
40580
MSA/CBSA info
37
State info
127
County info
0104.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Rocky Mount, NC
Combined Statistical Area info
Rocky Mount-Wilson-Roanoke Rapids, NC
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 79.28%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0104.00 Nash County
Population
Total Population 2,982 94,030
Total Households 1,203 37,011
Income
Median Family Income (Census*) $44,750 $49,537
Median Family Income (2019 FFIEC) $54,700 N/A
Tract Income Percentage 91.67% N/A
Below Poverty Level 24.1% 15.2%
Unemployment Level 11.1% 6.4%
Housing
Total Housing Units 1,812 43,045
Total Owner-Occupied Units 30.4% 65.3%
Total Renter-Occupied Units 36.0% 34.7%
Total Vacant Units 33.6% 6.7%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

Not reported
Total Voting Members
in Governing Body
info
Not reported
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Samuel Johnson
Secretary
(252) 446-2341
Principal Officer info
Not reported by nonprofit.
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.