RENAISSANCE COMMUNITY LOAN FUND INC

GULFPORT, MS | Harrison County
Economic Development
RENAISSANCE COMMUNITY LOAN FUND INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

RENAISSANCE COMMUNITY LOAN FUND INC
20-8181931
8917 LORRAINE RD
GULFPORT, MS 39503
Harrison County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • HUD Counseling Agency
  • NMTC Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
M20

M - Public Safety, Disaster Preparedness and Relief

Disaster Preparedness & Relief Services

Organizations that work to prevent, predict or control the effects of disasters (e.g. floods, earthquakes, fires, tornadoes), to educate or otherwise prepare individuals to cope with the effects of such disasters or to provide broad-based relief services to victims of such disasters. Use this code for organizations that provide a wide range of disaster services or for those that offer disaster services not specified below.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
624230
Emergency and Other Relief Services

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2013 $1,347,000 CDFI Financial Assistance open_in_new Renaissance Community Loan Fund, Inc.
2014 $690,000 CDFI Financial Assistance open_in_new Renaissance Community Loan Fund, Inc.
2016 $1,150,000 CDFI Financial Assistance open_in_new Renaissance Community Loan Fund, Inc.
2017 $976,500 CDFI Financial Assistance open_in_new Renaissance Community Loan Fund, Inc.
2018 $950,000 CDFI Financial Assistance open_in_new Renaissance Community Loan Fund, Inc.
2019 $799,000 CDFI Financial Assistance open_in_new Renaissance Community Loan Fund, Inc.
2020 $750,000 CDFI Financial Assistance open_in_new Renaissance Community Loan Fund, Inc.
2021 $1,826,265 CDFI Rapid Response Program (COVID-19) open_in_new Renaissance Community Loan Fund, Inc.
2016 $15,000,000 New Markets Tax Credit open_in_new Renaissance Community Loan Fund, Inc.

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Counseling Programs Offered info
  • Fair Housing Pre-Purchase Education
  • Financial Management/Budget Counseling
  • Financial, Budgeting and Credit Workshops
  • Home Improvement and Rehab
  • Mortgage Delinquency and Default
  • Non-Delinquency Post Purchase Workshops
  • Pre-Purchase Counseling
  • Pre-Purchase Homebuyer Workshops
  • Predatory Lending Education Workshops
  • Preventing/Resolving Mortgage Delinquency
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$5M
Revenue
$5M
Assets
$50.4M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
2007-10
Deductibility Status info
Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of April 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
8917 LORRAINE RD
GULFPORT, MS 39503
Harrison County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
25060
MSA/MD info
28
State info
047
County info
0015.05
Tract info
Upper
Income Level info
Core-Based Statistical Area info
25060 - Gulfport-Biloxi, MS
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 29.66%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0015.05 Harrison County
Population
Total Population 2,444 207,382
Total Households 777 79,064
Income
Median Family Income (Census*) $81,705 $51,590
Median Family Income (2022 FFIEC est.) $69,500 $69,500
Tract Income Percentage 129.75% N/A
Below Poverty Level 9.5% 17.9%
Unemployment Level 3.2% 9.1%
Housing
Total Housing Units 907 91,435
Total Owner-Occupied Units 72.1% 58.1%
Total Renter-Occupied Units 13.6% 41.9%
Total Vacant Units 14.3% 10.1%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

7
Total Voting Members
in Governing Body info
7
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Kimberly Larosa
President & CEO
(228) 896-3386
Principal Officer info
Kimberly Larosa
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower 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
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"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.