Public Charity

New Community Corporation

Based in Newark, NJ, New Community Corporation operates as a Public Charity. The organization reported $15.3M in revenue, $13.9M in expenses, $92.4M in total assets for fiscal year 2024. Imperigo tracks 31 reported grant relationships connected to this organization totaling approximately $1.6M.

EIN: 221911104 Newark, NJ Low-Income & Subsidized Rental Housing NTEE: L21 Latest filing: 2024
Total Revenue$15.3M
Total Expenses$13.9M
Total Assets$92.4M
Grant Records31
Funding Total$1.6M
Filing Years2019–2024

Mission

NEW COMMUNITY CORPORATION'S MISSION IS TO HELP RESIDENTS OF INNER CITIES IMPROVE THE QUALITY OF THEIR LIVES TO REFLECT INDIVIDUAL GOD-GIVEN DIGNITY AND PERSONAL ACHIEVEMENT. FOUNDED IN 1968, NCC IS RECOGNIZED AS ONE OF THE LARGEST, MOST COMPREHENSIVE COMMUNITY DEVELOPMENT CORPORATIONS IN THE U.S. OUR VAST ARRAY OF SERVICES ARE PROVIDED "UNDER ONE ROOFREACH EVERY STAGE OF LIFE. WE OFFER AFFORDABLE HOUSING, EARLY CHILDHOOD LEARNING CENTERS, YOUTH SERVICES, ADULT EDUCATION, FAMILY TRANSITIONAL HOUSING, MENTAL HEALTH SERVICES, A LONG-TERM CARE FACILITY, A ONE-STOP RESOURCE CENTER, A FOOD PANTRY, A COMMUNITY NEWSLETTER AND ARTS AND CULTURAL EVENTS.

Where $100 goes at New Community Corporation

How New Community Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$81 Programs the work itself
$19 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $81 for programs

$81
New Community Corporation provides management and additional resource support to over 1,700 low- to moderate-income units of affordable housing
All program spending · Reported in the filing: 1,700 units of affordable; 17,000 families; 102 families
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

$123,571
$120,000
$183,000
THE REINVESTMENT FUND INC
2022
BUILDING HEALTHIER, MORE EQUITABLE COMMUNITIES (BHEC) IN NEW JERSEY
$50,000
$19,138

Showing up to 5 of 31 total records — full history available with membership.

Officers & Directors

BOARD MEMBER Anthony Marchetta
BOARD MEMBER Barry Baker
BOARD MEMBER Diane Johnson
EMERITA Dr Zachary Yamba
INTERIM CHAIRMAN AND TREASURER Edgar Nemorin
CHIEF FINANCIAL OFFICER Elizabeth Mbakaya

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$304,339 6 grants
Training & Professional Development
$123,571 1 grant
Food Assistance & Nutrition
$80,932 1 grant
Health & Medicine
$50,000 1 grant
Unspecified
$1,049,382 8 grants

Financial Trends

Year Revenue Expenses Assets
2024 $15.3M $13.9M $92.4M
2023 $14.0M $13.9M $91.5M
2022 $13.2M $13.7M $87.1M
2020 $15.1M $14.2M $90.1M
2019 $16.1M $13.4M $83.2M

Between 2019 and 2024, reported annual revenue declined from $16.1M to $15.3M (-5%), with total assets most recently reported at $92.4M.

Interactive year-over-year charts and full filing details available with membership.

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