Overview
What is New Community Urban Renewal Corporation?
New Community Urban Renewal Corporation is a nonprofit organization headquartered at 233 West Market Street, Newark, New Jersey. Their primary mission involves owning and leasing a 180-bed healthcare facility to a related not-for-profit corporation, which is responsible for managing the daily operations of the extended care facility. This arrangement aims to provide essential healthcare services to the community.
Official website here: www.newcommunity.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
New Community Urban Renewal Corporation has achieved an overall score of 81% on Charity Navigator, reflecting a commendable level of accountability and financial health. The organization excels in governance with a fully independent board, as demonstrated by the high ratings in board independence and size, which contributes to a robust oversight of its operations.
Strengths include a strong program expense ratio of 82.66%, indicating that a significant portion of its resources is allocated directly to its charitable programs. Additionally, the organization has established thorough policies regarding conflict of interest, whistleblower protections, and document retention, which further enhance its operational integrity.
However, the organization faces challenges concerning its liabilities to assets ratio, which stands at 86.22%. This metric suggests potential financial strain that could impact its sustainability. Overall, while New Community Urban Renewal Corporation demonstrates solid governance and program spending, monitoring its liabilities will be crucial for its continued effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is New Community Urban Renewal Corporation legitimate?
New Community Urban Renewal Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Community Urban Renewal 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.newcommunity.org
What is the mission statement of New Community Urban Renewal Corporation?
New Community Urban Renewal Corporation's mission is centered around owning and leasing a 180-bed healthcare facility to a related not-for-profit corporation. This corporation is responsible for overseeing the operations of the extended care facility on an ongoing basis. The corporation's role in managing the healthcare facility aims to provide necessary care for its patients. By leasing the facility, New Community Urban Renewal Corporation contributes to the provision of extended care services, ultimately contributing to the health and wellbeing of the community.
Official website here: www.newcommunity.org
Who is the CEO of New Community Urban Renewal Corporation?
Elizabeth Mbakaya is the Cfo/Interim Ceo of New Community Urban Renewal Corporation. The CEO's salary of New Community Urban Renewal Corporation is $0 and their total compensation is $11,759.
Official website here: www.newcommunity.org
What is the revenue of New Community Urban Renewal Corporation?
New Community Urban Renewal Corporation's revenue in 2022 was $997,542.
Official website here: www.newcommunity.org
Who are the executives of New Community Urban Renewal Corporation and what are their salaries?
There 9 volunteers at New Community Urban Renewal Corporation.
Here are 16 key members and their salaries (New Community Urban Renewal Corporation's CEO's salary is $0 and their total compensation is $11,759):
- Compensation: $0
- Related: $253,731
- Other: $0
- Compensation: $0
- Related: $172,242
- Other: $0
- Compensation: $0
- Related: $170,000
- Other: $0
- Compensation: $0
- Related: $143,907
- Other: $0
- Compensation: $0
- Related: $55,000
- Other: $3,720
- Compensation: $0
- Related: $11,759
- Other: $0
- Compensation: $0
- Related: $9,600
- 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 Urban Renewal Corporation?
New Community Urban Renewal 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 Urban Renewal Corporation
New Community Urban Renewal Corporation, as a mission-driven organization, focuses on owning and leasing a 180-bed healthcare facility to a related not-for-profit corporation. This corporation is responsible for overseeing the day-to-day operations of the extended care facility. The corporation's mission is to ensure the provision of adequate healthcare services to those in need, leveraging the resources and infrastructure provided by New Community Urban Renewal Corporation. This partnership allows the not-for-profit corporation to concentrate on delivering high-quality healthcare services, while New Community Urban Renewal Corporation plays a supporting role in the operational aspects of the facility. By partnering with a dedicated not-for-profit corporation, New Community Urban Renewal Corporation contributes to the betterment of the community by facilitating access to essential healthcare services.
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Impact
October, 2024
New Community Urban Renewal Corporation significantly impacts healthcare in Newark, NJ, by owning and leasing a comprehensive 180-bed healthcare facility. This facility aids in providing extended care services, ensuring that community members have access to essential health resources. By partnering with a related not-for-profit responsible for ongoing operations, the organization plays a pivotal role in enhancing the quality of care, supporting the health of the local population, and contributing to the overall well-being of the Newark community. Their focus on health not only facilitates immediate medical needs but also fosters long-term wellness and recovery for residents.
This information is meant to be a general summary of New Community Urban Renewal 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 2022.
- Investment Income: $625
- Program Service Revenue: $996,917
- Gross Receipts: $997,542
Assets and Liabilities:
- Total Assets: $4,789,853
- Total Liabilities: $4,129,924
- Net Assets: $659,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$996,917
Organization Details
Founding Year
1983
Phone
(973) 623-2800Principal Officer
Elizabeth Mbakaya
Main Address
233 West Market St, Newark, NJ, 07103
Website
www.newcommunity.orgNTEE Category
Code: E910 - Health
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