Renaissance Community Loan Fund

Nonprofit profile at a glance

EIN
208181931
IRS 990 coverage
2010–2025
Forms available
Form 990 2025, Form 990-T 2025
Location
Gulfport, MS, USA
Phone
2288963386
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Disaster Preparedness and Relief Services

Official website

Reported finances

Revenue
$7,477,242
Expenses
$7,462,726
Assets
$83,126,859
Liabilities
$53,188,536

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • KIMBERLY LAROSA (PRESIDENT/CEO)

Highest reported compensation

  • KIMBERLY LAROSA (PRESIDENT/CEO): $266,240 total reported compensation
  • CHARLES WALL (CHIEF FIANACIAL OFFICER): $200,000 total reported compensation
  • CAMILLE T SCHAFER (DIRECTOR OF PROGRAMS): $145,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide support through technical and financial assistance to facilitate the development of communities which provide safe, quality housing for the workforce and special need residents of the Mississippi gulf coast and economic opportunities that will add/retain jobs in the community or that create entrepreneurial opportunities.

What it reported doing in 2025

The lending program were established as a perpetual fund that can, in turn, create a self-sustaining fund to assist thousands of residents and potential residents for yeras to come. This is accomplished through its current lending programs including: myhome mycoast; the dream fund; new market tax credits; ms gulf coast development fund and small business and commercial lending

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 66
  • Accountability: 95
  • Sustainability: 44
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.3%; rating input score 89
  • Program expense ratio: 78.3%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 18th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 63.1%; rating input score 63; 23rd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.2%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 11.14; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.64; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 11.7%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: -2.8% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -6.1% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 89.3% of revenue deployed · 78.3% of spending went to programs
  • Governance: 8 of 8 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $5.8M in reported program spending
  • Leadership: top reported pay $266K · 13 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.