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Project Renewal
Project Renewal reported $125.6 million in revenue and $126.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.05 went to program services, $11.82 to management and general costs and $1.13 to fundraising. Its largest source of revenue was contributions and grants: 85.3% of the total. Government grants made up 78.8%. The highest compensation it reported for one person was $409,643 (PRESIDENT & CEO). 80 people received more than $100,000 in reportable compensation. Revenue rose 27% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $127MFor context, the median across 864 covered mental health & crisis intervention charities: $86.13 programs, $13.87 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $126MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.1% | 85.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.8% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.1% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 85.3% | 26.4% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 78.8% | 14.5% |
| Program service revenue share Part VIII 2g ÷ 12 | 13.3% | 69.3% |
| Highest reported compensation Part VII-A, columns D–F | $409,643 | $324,111 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.32% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 80 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.8 | 6.2 |
| Independent voting board members Part VI 1a–1b | 22 of 23 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseShelter services: Project Renewal, inc. Operates seven shelters with on-site treatment and rehabilitation services, most of which serve homeless individuals with serious mental illness and/or substance use disorders. Shelters are staffed with case managers, psychiatrists, occupational therapists, housing specialists, recreational specialists, and other supportive service workers who help clients move out of shelter and into housing. In FY25, the agency provided shelter services to over 2,600 new yorkers including single adults, seniors, veterans, and LGBTQ+ young adults
Transitional and permanent housing: Project Renewal, inc. Operates supportive and affordable housing for our homeless and at-risk target population, including transitional, permanent, scatter-site, and congregate programs. All sites offer a spectrum of wraparound supportive 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 FY25 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 and justice involvement. The agency also operates a social enterprise catering company, city beet kitchens, that hires graduates of our training programs and feeds other new yorkers in need. In FY25, more than 300 individuals received employment services from Project Renewal
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $367,634 | $0 | $42,009 | $409,643 |
| CHIEF DEVELOPMENT OFFICER Highest compensated employee, 35.00 hrs/week | $306,846 | $0 | $57,389 | $364,235 |
| CHIEF MEDICAL DIRECTOR Key employee, 37.00 hrs/week | $302,467 | $0 | $22,288 | $324,755 |
| CFO (UNTIL 7/5/24) Officer, 42.00 hrs/week | $264,695 | $0 | $24,484 | $289,179 |
| CHIEF REAL ESTATE OFFICER Officer, 37.00 hrs/week | $215,660 | $0 | $56,694 | $272,354 |
| CHIEF PEOPLE OFFICER Key employee, 37.00 hrs/week | $234,167 | $0 | $23,153 | $257,320 |
| PSYCHIATRIST Highest compensated employee, 35.00 hrs/week | $232,131 | $0 | $19,459 | $251,590 |
| PHYSICIAN Highest compensated employee, 35.00 hrs/week | $238,621 | $0 | $5,450 | $244,071 |
80 people received more than $100,000 in reportable compensation from Project Renewal (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b23 · 22 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 51,194
- Volunteers Part I, line 622
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ARROW SECURITY Security services | $7,802,620 |
| TARIAN GUARD SERVICES LLC Security services | $3,757,049 |
| WINFIELD SECURITY Security services | $1,316,078 |
| CBIZ ADVISORS LLC Auditing services | $204,980 |
| ANAT GERSTEIN INC Consulting services | $123,789 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
33 private foundations reported grants to Project Renewal totaling $946K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Project Renewal's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Project Renewal, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Project Renewal spent in FY2025, $87.05 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Seven Counties ServicesLouisville, KY · revenue $125M · programs 88.1% · FY2025
- Preferred Family HealthcareKirksville, MO · revenue $128M · programs 84.3% · FY2025
- The Long Island HomeWestbury, NY · revenue $125M · programs 86.6% · 2024
- Meridian Health Services CorpMuncie, IN · revenue $134M · programs 83.7% · FY2025
- Spectrum Health SystemsWestborough, MA · revenue $124M · programs 86.2% · FY2025
All mental health & crisis intervention charities · Largest charities in New York
Questions people ask
How much of Project Renewal's spending goes to programs?
In the fiscal year ending June 30, 2025, Project Renewal reported that 87.1% of its $126.9 million in expenses went to program services, 11.8% to management and general and 1.1% to fundraising (Form 990, Part IX).
How much does Project Renewal pay its top executive?
The largest total compensation Project Renewal reported for one person in the fiscal year ending June 30, 2025 was $409,643, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Project Renewal get its money?
Of $125.6 million in revenue in the fiscal year ending June 30, 2025, 85.3% came from contributions and grants (including 78.8% from government grants) and 13.3% from program service revenue (Form 990, Part VIII).
Is Project Renewal a registered charity?
The IRS lists EIN 13-2602882 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631289349301903 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349314160 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441349349308904 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349320414 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349311097 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349303011 · read the filing
All filings for EIN 13-2602882: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.