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Charity Math
The 990 read · EIN 13-2602882 · NY · Fiscal year FY ending Jun 2025

Project Renewal

Project Renewal Inc: CEO salary, finances and where donations go

In its own words

“The organization operates facilites in new york city that offer medical, employment, housing, and community services.”

Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.

Methodology by Amir Arani, CPA, CA · Updated

Top pay
$368K Eric Rosenbaum, 0.3% of spending
Revenue
$125.6M 85.3% from donations and grants
Spent
$126.9M 87.1% on programs, as reported
Net assets
$8.0M end of FY ending Jun 2025
Savings
0.8 months of spending, net assets ÷ spending
People
1,194 employees, 22 volunteers
Form 990 (FY ending Jun 2025), Parts I, VII, IX, X
01 · Red flags

No red flags in its latest filing.

We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.

No reported asset diversions, no insider transactions, no fundraisers keeping most of the money, and the governance policies we check for are in place.

02 · Where $1 goes · FY ending Jun 2025

Of each dollar it spent, 87.1¢ went to programs, as reported.

The split the charity filed.
87.1¢
Programs, $110.5M
1.1¢
Fundraising, $1.4M
11.8¢
Admin, $15.0M
Form 990 (FY ending Jun 2025), Part IX, line 25
Cost to raise $1
1¢
as reported

For each dollar donated, Project Renewal spent 1¢ on fundraising.

Fundraising ÷ $107.0M contributions · Form 990 Parts VIII, IX
03 · What it does

What it told the IRS it spent on.

The charity's own description of its largest programs, with what each cost.

Program 1 · 9.9% of program spending $10.9M

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.

Program 2 · 9.6% of program spending $10.6M

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.

Program 3 · 8.9% of program spending $9.8M

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…

Form 990 (FY ending Jun 2025), Part III
04 · The savings

Net assets: $4.3M to $8.0M in 11 years.

Net assets at each fiscal year end, 2013 to 2025.

Net assets at year end, $ millions
4
4
4
4
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11
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Form 990 history via ProPublicaForm 990 (FY ending Jun 2025)
05 · Who gets paid

The 8 highest-paid people.

Reportable pay in FY ending Jun 2025, from the charity and related organizations.

Eric Rosenbaum
President & CEO
$367,634
Catherine De Silva
Chief Development Officer
$306,846
Miranda Von Dornum
Chief Medical Director
$302,467
Steven Jones
CFO (until 7/5/24)
$264,695
Mariya Masyukova
Physician
$238,621
Conrad Pinnock
Chief People Officer
$234,167
Melissa O'brien
Psychiatrist
$232,131
Paul Woody
Chief Real Estate Officer
$215,660
Form 990 (FY ending Jun 2025), Part VII, Section A
Largest outside contractors
ContractorServicePaid
Arrow SecuritySecurity services$7,802,620
Tarian Guard Services LLCSecurity services$3,757,049
Winfield SecuritySecurity services$1,316,078
Cbiz Advisors LLCAuditing services$204,980
Anat Gerstein IncConsulting services$123,789
Form 990 (FY ending Jun 2025), Part VII, Section B
06 · Questions

The questions people ask about the Project Renewal.

Short, sourced answers. Each one stands on its own.

How much does the Project Renewal CEO make?

Eric Rosenbaum, President & CEO, received $367,634 in reportable compensation in FY ending Jun 2025, 0.3% of Project Renewal's $126.9M in spending.

Form 990 (FY ending Jun 2025), Part VII

What percentage of Project Renewal donations go to programs?

Project Renewal reported 87.1% of FY ending Jun 2025 spending as programs, 1.1% as fundraising and 11.8% as management.

Form 990 (FY ending Jun 2025), Part IX

How much money does Project Renewal have?

Net assets were $8.0M at the end of FY ending Jun 2025, about 0.8 months of spending.

Form 990 (FY ending Jun 2025), Part X

Does Project Renewal have any red flags in its filing?

Its latest Form 990 triggered none of our twelve screening rules, which cover reported asset diversions, insider transactions, fundraiser costs, governance policies and spending patterns.

Form 990 (FY ending Jun 2025)
07 · Sources and citing

Every number, traced.

  1. Project Renewal Form 990, FY ending Jun 2025 (IRS e-file)
  2. Project Renewal Form 990 history (ProPublica Nonprofit Explorer)
Cite this page

Amir Arani, “Project Renewal: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/project-renewal/