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New Community Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 221911104 ✦ Newark, NJ ✦ Designated as a 501(c)(3)

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

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.

Here are some key statistics you may want to consider:

Executive Compensation: $437,732
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,704,363

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?

Elizabeth Mbakaya is the Cfo/Interim Ceo of New Community Corporation. The CEO's salary of New Community Corporation is $11,759 and their total compensation is $11,759.


Official website here: www.newcommunity.org

What is the revenue of New Community Corporation?

New Community Corporation's revenue in 2022 was $13,153,735.


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 2022 was $20,338. There are 302 employees at New Community Corporation.

Here are 16 key members and their salaries (New Community Corporation's CEO's salary is $11,759 and their total compensation is $11,759):

    Elizabeth Mbakaya (Cfo/Interim Ceo)
  • Compensation: $253,731
  • Related: $0
  • Other: $0

    • Fred Hunter (Coo)
  • Compensation: $172,242
  • Related: $0
  • Other: $0

    • Winton Tolles (Director Of Re Development)
  • Compensation: $170,000
  • Related: $0
  • Other: $0

    • Richard Rorhman (Ceo - Former)
  • Compensation: $143,907
  • Related: $0
  • Other: $0

    • Madge Wilson (Board Member) [Trustee/Director]
  • Compensation: $55,000
  • Related: $0
  • Other: $3,720

    • Simone Gagnerone (Ceo (From 12/01/2022))
  • Compensation: $11,759
  • Related: $0
  • Other: $0

    • Diane Johnson (Board Member) [Trustee/Director]
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • Edgar Nemorin (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Newton Richards (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barry Baker (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Zachary Yamba (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Migdalia Martinez (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fernando Colon (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Marchetta (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerome St John (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ingrid Rasmussen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newcommunity.org

    Where can I find the form 990 for New Community Corporation?

    The New Community Corporation’s most recent form 990 was submitted in 2022 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.

    Impact

    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.




    Sunday, April 14, 2024

    New Community Corporation's impact is profound and far-reaching. By providing affordable housing development and management, education, health services, early childhood education, and youth services in Newark, NJ, New Community Corporation is directly addressing the needs of low- to moderate-income individuals and families in the community. The organization's comprehensive approach ensures that residents have access to stable housing, employment opportunities, quality education, and healthcare services, ultimately helping them achieve permanent housing, self-sufficiency, and an improved quality of life. Additionally, through its affiliate New Community Healthcare Inc., New Community Corporation ensures that residents have access to high-quality nursing care, including long-term care, subacute rehabilitation, hospice care, and respite care. Furthermore, the organization provides management support to Harmony House, a shelter for homeless families and individuals, helping thousands of families in Essex County transition from homelessness to permanent housing and self-sufficiency. Overall, New Community Corporation is instrumental in empowering individuals and families to overcome challenges and work towards a better future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,816,435
  • Program Service Revenue: $8,966,707
  • Gross Receipts: $13,153,735

    • Assets and Liabilities:
  • Total Assets: $87,121,192
  • Total Liabilities: $6,346,088
  • Net Assets: $80,775,104
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MANAGEMENT, MAINTENANCE, AND SOCIAL FEES

    Revenue

    $7,433,388

    EQUITY INCOME OF LP'S AND C-CORPS

    Revenue

    $1,522,014

    DEVELOPER FEE

    Revenue

    $11,305

    Organization Details

    Founding Year

    1968

    Principal Officer

    Elizabeth Mbakaya

    Main Address

    233 West Market Street, Newark, NJ, 07103

    NTEE Category

    Code: L210 - Housing