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Project Renewal Inc

EIN 13-2602882 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak40 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PROJECT RENEWAL'S MISSION IS TO END THE CYCLE OF HOMELESSNESS BY EMPOWERING MEN, WOMEN, AND CHILDREN TO RENEW THEIR LIVES WITH HEALTH, HOMES, AND JOBS.

Income
$125.6 million
Spending
$126.9 million
Spent on programs
87%
Reserves
-0.3 months of spending
Largest source of income
government grants, 79%
Employees
1,194
Volunteers
22
Highest pay
$409,643, president & ceo

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 40 out of 100. Higher than 8% of charities in its peer group (mental health, over $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 92% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 1% of income.

  • Income trend

    15 of 15

    Income rose 3% on the year before.

  • Spending floor

    15 of 15

    87% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 31% of charities in its peer group (mental health, over $100m).

  • Independent board

    25 of 25

    22 of 23 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $79.1 million spent. SHELTER 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.
  2. $10.9 million spent. 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.
  3. $10.6 million spent. 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.
  4. $9.8 million spent. HEALTH CARE: PROJECT RENEWAL, INC. IS A FEDERALLY QUALIFIED HEALTH CENTER OPERATING FIVE SHELTER-BASED PRIMARY CARE CLINICS, AS WELL AS A THREE-VEHICLE 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, AS WELL AS PEER-LED SERVICES. OUR TEAM OF PSYCHIATRISTS AND OCCUPATIONAL THERAPISTS COMPLIMENTS ALL HEALTH CARE WORK AND ARE INTEGRATED INTO ALL PROJECT RENEWAL PROGRAMMING. IN FY25 THE ORGANIZATION PROVIDED HEALTH CARE TO OVER 6,200 INDIVIDUALS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1968.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.