RENAISSANCE DEVELOPMENT FUND
80 W MAIN ST, BENTON HARBOR, MI 49022 cstonealliance.org

Total Revenue
$14,531,595
Total Expenses
$4,388,034
Net Assets
$-8,993,088

Organizations Filed Purposes: THE RENAISSANCE DEVELOPMENT FUND IS ENGAGED IN THE DEVELOPMENT AND IMPLEMENTATION OF ECONOMIC GROWTH FOR THE CITIES OF BENTON HARBOR AND ST. JOSEPH AND THE TOWNSHIPS OF BENTON, LINCOLN AND ROYALTON.

RENAISSANCE DEVELOPMENT FUND IS ENGAGED IN THE DEVELOPMENT AND IMPLEMENTATION OF ECONOMIC GROWTH FOR THE CITIES OF BENTON HARBOR, MICHIGAN AND ST. JOSEPH, MICHIGAN; THE CHARTER TOWNSHIPS OF BENTON, ST. JOSEPH, AND LINCOLN; AND THE TOWNSHIP OF ROYALTON. THE ORGANIZATION'S PRINCIPAL PURPOSE IS TO FOSTER REDEVELOPMENT AND REVITALIZATION OF BLIGHTED REAL PROPERTY AND THE REMEDIATION OF ENVIRONMENTAL CONTAMINATION, AND TO SPONSOR AS WELL AS FUND PROGRAMS THAT WILL HELP THE DISADVANTAGED IN THESE CITIES. IN CONNECTION WITH ITS MISSION TO DEVELOP AND IMPLEMENT ECONOMIC GROWTH IN ITS SERVICE AREA, THE ORGANIZATION PROVIDES LOANS TO LOCAL SMALL BUSINESS OWNERS. THESE NOTES RECEIVABLE ARE PERIODICALLY EVALUATED FOR COLLECTABILITY BASED ON PAST CREDIT HISTORY WITH CUSTOMERS AND THEIR CURRENT FINANCIAL CONDITION. PROVISIONS FOR LOSSES ON NOTES RECEIVABLE ARE DETERMINED ON THE BASIS OF LOSS EXPERIENCE, KNOWN AND INHERENT RISKS IN THE LOANS HELD, THE ESTIMATED VALUE OF UNDERLYING COLLATERAL, IF ANY, AND CURRENT ECONOMIC CONDITIONS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Stacey StephensDIRECTOR1$0
David BlyDIRECTOR1$0
Alan BerryDIRECTOR1$0
Ken AnkliDIRECTOR1$0
David SchafferTREASURER1$0
Jim TomczykVICE PRESIDENT1$0
Ronald GriesingerCFO10$0
Greg VaughnPRESIDENT10$0
Robert ClevelandSECRETARY10$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202003219349323060_public.xml