Overview
What is New Community Manor Urban Renewal Corporation?
New Community Manor Urban Renewal Corporation is a nonprofit organization, established with the goal of revitalizing neglected areas or zones designated under the New Jersey Urban Enterprise Zone Act of 1983 within various municipalities. To accomplish this, the corporation acquires property for a minimum of 15 years either through purchase or lease from both public and private entities. The organization's mission is centered around the development and enhancement of these blighted areas, contributing positively to the communities they serve.
Official website here: www.newcommunity.org
Is New Community Manor Urban Renewal Corporation legitimate?
New Community Manor Urban Renewal Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Community Manor Urban Renewal Corporation submitted a form 990EZ, 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.
Official website here: www.newcommunity.org
What is the mission statement of New Community Manor Urban Renewal Corporation?
The New Community Manor Urban Renewal Corporation's mission is centered around promoting the development of neglected or economically challenged areas, often referred to as blighted areas or enterprise zones, as outlined in New Jersey's Urban Enterprise Zone Act of 1983. The corporation aims to achieve this by acquiring properties in these areas through purchase or lease agreements lasting for a minimum of 15 years from public or private entities. This initiative is geared towards revitalizing these areas and potentially stimulating economic growth in the process.
Official website here: www.newcommunity.org
Who is the CEO of New Community Manor Urban Renewal Corporation?
Richard Rorhman is the Ceo of New Community Manor Urban Renewal Corporation. The CEO's salary of New Community Manor Urban Renewal Corporation is $0 and their total compensation is $0.
Official website here: www.newcommunity.org
What is the revenue of New Community Manor Urban Renewal Corporation?
New Community Manor Urban Renewal Corporation's revenue in 2020 was $0.
Official website here: www.newcommunity.org
Who are the executives of New Community Manor Urban Renewal Corporation and what are their salaries?
Here are 14 key members and their salaries (New Community Manor Urban Renewal Corporation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.newcommunity.org
Where can I find the form 990EZ for New Community Manor Urban Renewal Corporation?
New Community Manor Urban Renewal Corporation's most recent form 990EZ was submitted in 2020 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 Manor Urban Renewal Corporation
New Community Manor Urban Renewal Corporation is dedicated to promoting the development of blighted areas or areas designated as an enterprise zone in various municipalities. This is in accordance with the New Jersey Urban Enterprise Zone Act of 1983. The organization achieves this mission by acquiring properties for a minimum lease or purchase period of 15 years from either public or private entities. This strategic approach aims to revitalize these areas and contribute to their overall improvement.
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Impact
October, 2024
New Community Manor Urban Renewal Corporation plays a crucial role in revitalizing blighted areas and enhancing community well-being in Newark, NJ. By focusing on areas designated as enterprise zones, the organization aims to stimulate economic growth and improve living conditions. Their efforts involve strategic acquisitions and long-term leases, facilitating development projects that attract investment and resources to underdeveloped neighborhoods.
Through targeted initiatives, the Corporation not only addresses physical infrastructure needs but also fosters community engagement and empowerment. By transforming neglected spaces into viable community hubs, they create opportunities for local businesses and enhance the quality of life for residents. The impact is evident in the revitalization of local economies, increased property values, and the resurgence of vibrant community interactions. This holistic approach ensures that urban renewal is sustainable and aligned with the needs and aspirations of the community.
This information is meant to be a general summary of New Community Manor 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 2020.
Assets and Liabilities:
- Total Assets: $211,157
- Total Liabilities: $1,977,166
- Net Assets: -$1,766,009
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Organization Details
Phone
(973) 623-2800Principal Officer
Richard Rorhman
Main Address
233 West Market Street, Newark, NJ, 07103
Website
www.newcommunity.orgNTEE Category
Code: S80 - Community improvement
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