Overview
What is New Community Corporation?
New Community Corporation is a nonprofit organization based in Newark, New Jersey, with a mission to enhance the lives of inner-city residents. For over 55 years, they have provided comprehensive community development, focusing on affordable housing, construction, management, education, health, and early childhood and youth services. Their approach aims to support residents in achieving permanent housing, employment, and access to quality education and healthcare. New Community Corporation manages New Community Healthcare Inc, which offers 24/7 nursing care and a range of medical services for seniors, disabled individuals, and those in need of rehabilitation. Additionally, they support Harmony House, a shelter for homeless families and individuals with disabilities, helping them move towards self-sufficiency. With a team of dedicated professionals and a commitment to God-given dignity and personal achievement, New Community Corporation serves and empoles over 1,700 families and individuals in need.
Official website here: www.newcommunity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
New Community Corporation has achieved a high rating of 96% from Charity Navigator, indicating strong performance in accountability and finance. With an independent board comprising 81% of its members, the organization demonstrates effective governance. The charity has also scored full points in key areas such as financial oversight, conflict of interest policies, and document retention practices, signaling robust internal controls.
Financially, New Community Corporation maintains a healthy liabilities-to-assets ratio of 7.28%, which is well within acceptable limits, and boasts a program expense ratio of 81.15%. This suggests that a significant portion of its expenses is directed toward its programs rather than overhead, reflecting its commitment to financial transparency and effectiveness in fulfilling its mission.
Overall, the organization presents itself as a reliable charity with a strong emphasis on accountability, evidenced by its detailed financial practices and governance structure. There are no significant limitations noted in the data, making it a commendable choice for potential donors looking to support a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is New Community Corporation legitimate?
New Community Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Community Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $588,354
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,917,363
For more financial information, click here
Official website here: www.newcommunity.org
What is the mission statement of New Community Corporation?
The New Community Corporation is a 55-year-old organization dedicated to enhancing the lives of inner city residents. Its mission is to help individuals achieve personal achievement and reflect their inherent dignity. Through comprehensive community development, this corporation offers affordable housing, education, healthcare services, and youth programs. New Community Corporation supports its healthcare affiliate, which provides around-the-clock nursing care, long-term care, and rehabilitation services to senior citizens and the disabled. Additionally, they manage Harmony House, a shelter for homeless families and individuals with disabilities, aiming to move them from homelessness to permanent housing and self-sufficiency.
Official website here: www.newcommunity.org
Who is the CEO of New Community Corporation?
Richard Rohrman is the CEO of New Community Corporation The CEO's salary of New Community Corporation is $122,193 and their total compensation is $122,193.
Official website here: www.newcommunity.org
What is the revenue of New Community Corporation?
New Community Corporation's revenue in 2023 was $13,992,475.
Official website here: www.newcommunity.org
Who are the executives of New Community Corporation and what are their salaries?
The average compensation at New Community Corporation during 2023 was $19,596. There are 332 employees at New Community Corporation.
Here are 16 key members and their salaries (New Community Corporation's CEO's salary is $122,193 and their total compensation is $122,193):
- Compensation: $275,330
- Related: $0
- Other: $7,693
- Compensation: $174,498
- Related: $0
- Other: $0
- Compensation: $127,833
- Related: $0
- Other: $3,000
- Compensation: $122,193
- Related: $0
- Other: $0
- Compensation: $66,365
- Related: $0
- Other: $0
- Compensation: $55,688
- Related: $0
- Other: $3,720
- Compensation: $1,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newcommunity.org
Where can I find the form 990 for New Community Corporation?
New Community Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newcommunity.org
Learn more at the official website: www.newcommunity.org
Mission Statement of New Community Corporation
New Community Corporation, a 55-year-old organization, is dedicated to enhancing the lives of inner city residents and helping them regain their dignity and personal achievements. Through a multifaceted approach, this comprehensive community development corporation addresses the needs of its residents in various aspects of life.
The mission of New Community Corporation is geared towards improving the quality of life for individuals living in urban areas, enabling them to reflect their inherent worth and personal accomplishments. This esteemed organization offers support in areas of affordable housing, construction and management, education, health, early childhood education, and youth services.
New Community Corporation manages and provides additional resources for over 1,700 units of affordable housing to accommodate low- to moderate-income individuals. In addition to permanent housing, residents are granted access to essential services, enabling them to seek employment opportunities, attain quality education, and enjoy access to top-tier healthcare services.
One of the ways New Community Corporation achieves its mission is by offering management support to its affiliate, New Community Healthcare Inc. This healthcare organization prides itself on delivering the highest quality of nursing care around the clock, catering to residents in various stages of illness. New Community Healthcare's team of experienced professionals ensures round-the-clock care, with board-certified attending physicians and a multitude of consultant physicians specializing in various disciplines like dentistry, optometry, podiatry, psychiatry, psychology, and surgery.
Beyond nursing care, New Community Healthcare offers hospice and respite care, X-ray and laboratory services on-site, and a 30-bed subacute unit for short-term rehabilitation care. With a team of dedicated healthcare professionals, New Community Corporation ensures its residents have access to comprehensive, top-notch care that caters to their unique needs.
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Impact
October, 2024
New Community Corporation (NCC) significantly impacts the Newark, NJ community through its comprehensive approach to community development. With a focus on affordable housing, NCC manages over 1,700 units aimed at low- to moderate-income residents, facilitating access to permanent housing, employment opportunities, quality education, and healthcare services.
NCC’s affiliated organizations enhance its mission by offering a wide range of supportive services. New Community Healthcare provides around-the-clock nursing care and rehabilitation services for seniors and disabled individuals, ensuring that vulnerable populations receive the medical attention they need. This facility is staffed with a diverse team of healthcare professionals, offering specialized services and contributing to the overall health of the community.
Moreover, Harmony House, another NCC affiliate, addresses homelessness directly by providing shelter to families and individuals facing chronic homelessness. Having assisted over 17,000 families, Harmony House not only offers a safe place to stay but also equips these families with resources and support to transition from homelessness to permanent housing and self-sufficiency.
In essence, New Community Corporation fosters a supportive environment where residents can thrive, reflecting improved quality of life, dignity, and personal achievement. Through its diverse programs and services, NCC plays a critical role in strengthening the community fabric of Newark, NJ, making lasting differences in the lives of individuals and families.
This information is meant to be a general summary of New Community Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,482,463
- Program Service Revenue: $9,570,874
- Gross Receipts: $13,992,475
Assets and Liabilities:
- Total Assets: $87,121,192
- Total Liabilities: $6,346,088
- Net Assets: $80,775,104
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT, MAINTENANCE, AND SOCIAL FEES
Revenue
$7,813,832
EQUITY INCOME OF LP'S AND C-CORPS
Revenue
$1,571,479
OTHER PROGRAM INCOME
Revenue
$185,563
Organization Details
Founding Year
1968
Phone
(973) 623-2800Principal Officer
Elizabeth Mbakaya
Main Address
233 West Market Street, Newark, NJ, 07103
Website
www.newcommunity.orgNTEE Category
Code: L210 - Housing
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