Project Renewal Inc
86% goes to programs $1 to raise $100 Thin reserves Growing revenue
Project Renewal Inc is a 501(c)(3) organization based in New York, New York, registered in 1968, with $121,741,421 in FY2023 revenue. CharityIndex grades it B, and it directs about 86% of spending to programs.
200 Varick Street, New York, NY, 10014 EIN 13-2602882 Since 1968
Revenue (FY2023)
$121.7M
▲ 4.5% vs prior year
Mental Health median: $333K
Expenses (FY2023)
$122.9M
Net assets
$9.4M
Employees
1,334
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating86% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Project Renewal Inc: 86% to programs · $1 to raise $100 earns a C+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Project Renewal Inc: 1 mo reserves · -1% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Project Renewal Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Project Renewal Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The organization operates facilites in new york city that offer medical, employment, housing, and community services.
What they do
Health care: project renewal, inc. is a federally qualified health center operating five shelter-based primary care clinics, as well as a three-van fleet of mobile health clinics. these clinics provide medical services to homeless and at-risk individuals, and connect many of them to our mental health and substance use treatment programs. the latter includes both inpatient and outpatient treatment initiatives. our team of psychiatrists and occupational therapists complement health care work and are integrated into project renewal programming. in fy24 the organization provided health care to over 7,200 individuals.
Transitional and permanent housing: project renewal, inc. operates affordable housing and social services for low-income, homeless and at-risk populations, including transitional, permanent, scatter-site, and congregate programs. all sites offer a spectrum of wraparound services to meet the unique needs of our residents, including on-site case management, occupational therapy, psychiatry, and primary care, as well as connections to in-house substance use treatment and employment programming. in fy24 more than 1,200 individuals lived in project renewal housing.
Employment services and outreach: project renewal, inc. provides job training, placement, and retention services to adults with major barriers to employment, including homelessness, mental illness, and histories of substance use. the agency also operates a social enterprise catering company, city beet kitchens, that hires graduates of our training programs. in fy24, more than 450 invididuals received employment services from project renewal.
Contact & location
- Address
- 200 Varick Street, New York, NY, 10014
- City
- New York
- State
- New York
- Subcategory
- Mental Health Treatment
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $50.8M (FY2013) to $121.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $87.5MNet assets $9.4M
Operating margin
-0.9%
Spent more than it raised in the latest fiscal year.
Total assets
$96.9M
Total liabilities
$87.5M
Net assets
$9.4M
Salaries & benefits
$62.5M
51% of expenses
Board members
21
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $121,741,421▲4.5% | $122,883,393▲4.6% | $9,361,696▼10.4% | $96,897,841▲2.6% | 990 |
| 2022 | $116,504,432▲2.1% | $117,461,136▲8.4% | $10,445,470▼8.0% | $94,434,991▲36.3% | 990 |
| 2021 | $114,099,875▲9.6% | $108,332,086▲4.3% | $11,359,349▲102% | $69,297,765▼1.0% | 990 |
| 2020 | $104,099,662▲5.3% | $103,909,169▲5.7% | $5,631,286▲5.1% | $69,968,060▲19.5% | 990 |
| 2019 | $98,863,613▲8.2% | $98,269,615▲11.2% | $5,360,094▲13.1% | $58,546,846▲34.8% | 990 |
| 2018 | $91,357,551▲10.5% | $88,353,945▲5.6% | $4,739,713▲174% | $43,420,900▼1.5% | 990 |
| 2017 | $82,691,539▲4.3% | $83,700,421▲4.6% | $1,727,949▼43.1% | $44,083,631▲4.4% | 990 |
| 2016 | $79,277,639▲19.8% | $80,012,879▲21.0% | $3,039,408▼19.1% | $42,244,154▲12.3% | 990 |
| 2015 | $66,153,251▲21.4% | $66,146,049▲21.2% | $3,755,437▲0.2% | $37,631,427▲28.3% | 990 |
| 2014 | $54,502,603▲7.3% | $54,592,935▲7.6% | $3,749,011▼13.6% | $29,322,014▲11.3% | 990 |
| 2013 | $50,777,728 | $50,717,514▲6.1% | $4,340,280▲1.7% | $26,339,436▼1.6% | 990 |
| 2012 | — | $47,816,213▼1.6% | $4,269,398▲10.2% | $26,762,338▼26.4% | 990 |
| 2011 | — | $48,578,422▲9.9% | $3,873,093▲63.6% | $36,361,398▼1.9% | 990 |
| 2010 | — | $44,205,553▼0.6% | $2,367,509▲26.2% | $37,065,625▼2.6% | 990 |
| 2009 | — | $44,465,065 | $1,876,676 | $38,050,118 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Eric Rosenbaum — $372,632 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Eric Rosenbaum | President & Ceo | 40 | $372,632 |
| Miranda Von Dornum | Chief Medical Director | 37 | $360,164 |
| Steven Jones | Cfo | 42 | $276,167 |
| Catherine De Silva | Chief Development Officer | 35 | $268,245 |
| Doreen Thomann-howe | Chief Operations Officer | 37 | $253,114 |
| Melissa O'brien | Psychiatrist | 35 | $224,522 |
| Conrad Pinnock | Chief People Officer | 37 | $223,521 |
| Robert Gadomski | Psychiatrist | 35 | $220,554 |
| Paul Woody | Chief Real Estate Officer | 37 | $210,994 |
| Terry Kaplan | Medical Doctor | 35 | $210,178 |
| Yesswant Chitalkar | Psychiatrist | 35 | $207,837 |
| Katie Bower | Chief Housing and Shelter Officer | 37 | $194,749 |
| Felip De Los Santos | Chief Compliance Officer | 37 | $188,286 |
| Alan Belzer Outgoing | Trustee | 0.8 | — |
| Carl Rosoff | Trustee | 0.8 | — |
| Claudia Rosen Outgoing | Trustee | 0.8 | — |
| Colleen Cavanaugh | Secretary | 0.8 | — |
| Eric Fry | Co-treasurer | 0.8 | — |
| Gail Weiss | Trustee | 0.8 | — |
| Geoffrey Prouix | Trustee | 0.8 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Arrow Security | Security Services | $7,793,558 |
| Winfield Security | Security Services | $5,803,376 |
| Cbiz Mark Paneth LLC | Auditing Services | $240,355 |
| Anat Gerstein Inc | Consulting Services | $124,072 |
| Kasirer LLC | Consulting Services | $108,000 |
Grants received · $6.9M total
107 grants to Project Renewal Inc totaling $6.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The New York Community Trust | For program support. | 2024 | $230,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $49,396 |
| Redf | Accelerator grants | 2024 | $20,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $17,750 |
| The New York and Presbyterian Hospital | Support | 2024 | $15,000 |
| American Online Giving Foundation Inc | General support | 2024 | $12,199 |
| Ayco Charitable Foundation | Community & human services | 2024 | $12,000 |
| Network For Good Inc | Unrestricted | 2024 | $10,137 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| The New York Community Trust | For program support. | 2023 | $150,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $146,677 |
| Network For Good Inc | Unrestricted | 2023 | $47,198 |
| National Philanthropic Tr | Education | 2023 | $30,000 |
| Food Bank For New York City | Program support | 2023 | $26,942 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $16,710 |
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Frequently asked questions
- Is Project Renewal Inc a legitimate nonprofit?
- Yes. Project Renewal Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-2602882, based in New York, New York. Donations are tax-deductible.
- What is Project Renewal Inc's EIN?
- Project Renewal Inc's Employer Identification Number (EIN) is 13-2602882.
- How much revenue does Project Renewal Inc report?
- Project Renewal Inc reported $121,741,421 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Project Renewal Inc's spending goes to programs?
- Project Renewal Inc spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Project Renewal Inc have?
- CharityIndex grades Project Renewal Inc B, based on program efficiency and fundraising cost.
- How much does Project Renewal Inc's highest-paid employee make?
- The highest reported compensation on Project Renewal Inc's latest Form 990 is $372,632, paid to Eric Rosenbaum (President & Ceo).
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Data for Project Renewal Inc (EIN 13-2602882) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.