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Nonprofiteer
← NEW COMMUNITY CORPORATION

Form 990 for tax year 2022

Filed by NEW COMMUNITY CORPORATION.

Totals

Total revenue
$13,153,735
Total expenses
$13,661,940
Contributions and grants received
$1,087,211
Grants paid
$1,142,574
Program service revenue
$8,966,707
Investment income
$2,816,435
Other revenue
$283,382
Total assets, end of year
$87,121,192
Total liabilities, end of year
$6,346,088
Net assets or fund balances, end of year
$80,775,104
Program services expenses (Part IX)
$11,426,346
Management and general expenses
$2,235,594
Fundraising expenses
$0
Program service expenses (Part III)
$11,426,346

Program services were 83.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $440,672

  • 1f · All other contributions, gifts and grants

    $646,539

  • 1g · Noncash contributions included above

    $57,492

  • 2a · Program service revenue: MANAGEMENT, MAINTENANCE, AND SOCIAL FEES

    total $7,433,388 · related or exempt $7,433,388

  • 2b · Program service revenue: EQUITY INCOME OF LP'S AND C-CORPS

    total $1,522,014 · related or exempt $1,522,014

  • 2c · Program service revenue: DEVELOPER FEE

    total $11,305 · related or exempt $11,305

  • 3 · Investment income

    total $2,513,632 · excluded $2,513,632

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $6,000

  • 6c · Rental income or loss

    real property $6,000 · personal property $0

  • 6d · Net rental income or loss

    total $6,000 · excluded $6,000

  • 7a · Gross sales of assets other than inventory

    securities $302,803

  • 7c · Gain or loss

    securities $302,803

  • 7d · Net gain or loss

    total $302,803 · excluded $302,803

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $277,382 · related or exempt $277,382

  • 11e · Other revenue, total

    $277,382

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,138,574 · program services $1,138,574

  • 2 · Grants to domestic individuals

    total $4,000 · program services $4,000

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $437,732 · program services $372,072 · management and general $65,660

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $5,704,363 · program services $4,848,709 · management and general $855,654

  • 8 · Pension plan contributions

    total $173,494 · program services $147,470 · management and general $26,024

  • 9 · Other employee benefits

    total $1,410,787 · program services $1,199,169 · management and general $211,618

  • 10 · Payroll taxes

    total $541,328 · program services $460,130 · management and general $81,198

  • 11a · Fees: management

    total $6,215 · management and general $6,215

  • 11b · Fees: legal

    total $126,012 · program services $107,110 · management and general $18,902

  • 11c · Fees: accounting

    total $102,440 · program services $87,074 · management and general $15,366

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $127,978 · management and general $127,978

  • 11g · Fees: other

    total $540,964 · program services $459,819 · management and general $81,145

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $363,396 · program services $198,425 · management and general $164,971

  • 14 · Information technology

    total $51,525 · program services $19,081 · management and general $32,444

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $510,825 · program services $233,806 · management and general $277,019

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $43,995 · program services $37,396 · management and general $6,599

  • 20 · Interest

    total $101,363 · management and general $101,363

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $159,872 · program services $3,197 · management and general $156,675

  • 23 · Insurance

    total $169,069 · program services $162,306 · management and general $6,763

  • 24a · Other expenses: BAD DEBT

    total $1,831,834 · program services $1,831,834

  • 24b · Other expenses: DIRECT PROGRAM COSTS

    total $116,174 · program services $116,174

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,500,969 · end of year $5,662,748

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $4,239,104 · end of year $4,758,313

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $5,763,550 · end of year $5,185,904

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,569,338 · end of year $2,143,549

  • 10a · Land, buildings and equipment: cost or other basis

    $4,857,708

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,787,371

  • 10c · Land, buildings and equipment, net

    beginning of year $1,211,473 · end of year $1,070,337

  • 11 · Investments: publicly traded securities

    beginning of year $33,285,514 · end of year $28,980,419

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $29,839,117 · end of year $30,900,096

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $7,813,567 · end of year $8,419,826

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,619,827 · end of year $3,448,487

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,548,930 · end of year $2,534,504

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $176,248 · end of year $363,097

  • 27 · Net assets without donor restrictions

    beginning of year $86,450,076 · end of year $80,132,581

  • 28 · Net assets with donor restrictions

    beginning of year $427,551 · end of year $642,523

Mission and programs · 2022

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.

Activities or mission (Part I)

NCC is a 55-year-old comprehensive CDC in Newark, NJ that provides affordable housing development, construc. & mgmt, education, health, early childhood ed & youth services.

  • New Community Corporation provides management and additional resource support to over 1,700 low- to moderate-income units of affordable housing. Through a comprehensive community development approach, residents' needs are met to help them achieve permanent housing, employment, access to quality education, and access to quality healthcare services. New Community Corporation provides management and additional resource support to its affiliate New Community Healthcare Inc. New Community Healthcare provides the highest quality of nursing care 24 hours a day, seven days a week. It has a team of experienced professionals who provide around-the-clock nursing care to all residents, including those in advanced stages of illness. The 180-bed skilled nursing facility offers long-term care for senior citizens and the disabled and provides short-term subacute rehabilitation care, with a dedicated 30-bed subacute unit. The team consists of board-certified attending physicians plus a multitude of consultant physicians specializing in dentistry, optometry, podiatry, psychiatry, psychology, and surgery. New Community Healthcare also offers hospice and respite care, X-ray, and laboratory services on site. New Community Corporation provides management support to its affiliate Harmony House, which shelters homeless families and individuals with disabilities and chronic homelessness. Harmony House has served as a stable housing resource for over 17,000 families in Essex County, NJ. Its primary goal is to help families move from homelessness to permanent housing and from dependency to self-sufficiency. With the capacity to house 102 families in individual apartment units and a host of on-site social services, Harmony House provides much more than a shelter. It offers stability to families facing seemingly insurmountable barriers and enables them to restore their lives.

    Expenses $11,426,346 · Grants $1,142,574 · Revenue $9,249,314

As filed on the 2022 return.

Listed in Part VII

  • Elizabeth Mbakaya

    CFO/INTERIM CEO

    Total calculated
    $253,731
    From this org
    $253,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $253,731
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $253,731

  • Fred Hunter

    COO

    Total calculated
    $172,242
    From this org
    $172,242
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $172,242
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $172,242

  • Winton Tolles

    Director of RE Development

    Total calculated
    $170,000
    From this org
    $170,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $170,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $170,000

  • Richard Rorhman

    CEO - FORMER

    Total calculated
    $143,907
    From this org
    $143,907
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $143,907
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $143,907

  • Madge Wilson

    BOARD MEMBER

    Total calculated
    $58,720
    From this org
    $55,000
    From related orgs
    $0
    Other
    $3,720
    Hours/week
    40 + 1 related

  • Simone Gagnerone

    CEO (FROM 12/01/2022)

    Total calculated
    $11,759
    From this org
    $11,759
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Diane Johnson

    board member

    Total calculated
    $9,600
    From this org
    $9,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Edgar Nemorin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Newton Richards

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Barry Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Zachary Yamba

    President

    Total calculated
    $0
    Hours/week
    1

  • Migdalia Martinez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Fernando Colon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Anthony Marchetta

    board member

    Total calculated
    $0
    Hours/week
    1

  • Jerome St John

    board member

    Total calculated
    $0
    Hours/week
    1

  • Ingrid Rasmussen

    board member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 4B
NEW COMMUNITY CORPORATION, A RELATED ORGANIZATION, MAINTAINS A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN FOR THE BENEFIT OF RICHARD ROHRMAN, CEO. DURING 2022, $0 WAS RATABLY ACCRUED, AND PAYMENTS OF $76,353 WERE MADE. AS OF DECEMBER 31, 2022, THE AMOUNT ACCRUED WAS $655,583.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NEW COMMUNITY GARDENS ASSOCIATES

    related · HOUSING · NJ · 69.6% owned · share of income $158,248 · share of assets -$1,353,936 · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY ROSEVILLE ASSOCIATES LP

    related · HOUSING · NJ · 94.1% owned · share of income $125,321 · share of assets $1,540,073 · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY MANOR ASSOCIATES

    RELATED · HOUSING · NJ · 74.326% owned · share of income $205,752 · share of assets -$5,854,002 · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY DOUGLAS HOMES ASSOCIATES

    RELATED · HOUSING · NJ · 61% owned · share of income $245,926 · share of assets $2,307,736 · general or managing partner

    Directly controlled by NA

  • ST JAMES - NC HOMES LTD

    RELATED · HOUSING · NJ · 68.077% owned · share of income -$290,218 · share of assets -$6,749,201 · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY SUSSEX LP

    RELATED · HOUSING · NJ · 99% owned · share of income -$91,254 · share of assets -$1,526,499 · general or managing partner

    Directly controlled by NA

  • COMMUNITY COMMONS ASSOCIATES LIMITED

    RELATED · HOUSING · NJ · 35.578% owned · share of income $407,198 · share of assets -$468,985 · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY ESTATES URA LP

    RELATED · HOUSING · NJ · 99% owned · share of income $0 · share of assets $0 · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY HOMES ASSOC LTD

    RELATED · HOUSING · NJ · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY OCEAN BAYVIEW HOUSING ASSO

    RELATED · HOUSING · NJ · general or managing partner

    Directly controlled by NA

  • 545 ORANGE STREET URBAN RENEWAL LLC

    RELATED · HOUSING · NJ · general or managing partner

    Directly controlled by NA

  • MANOR ADMINISTRATORS LLC

    RELATED · REAL ESTATE · NJ · general or managing partner

    Directly controlled by NA

  • 101 14TH AVENUE LLC

    RELATED · HOUSING · NJ · general or managing partner

    Directly controlled by NA

  • NC PORTFOLIO ADMINISTRATOR 2016 LLC

    RELATED · housing · NJ · general or managing partner

    Directly controlled by na

  • NC Commons 2016 Urban Renewal LLC

    RELATED · housing · NJ · general or managing partner

    Directly controlled by na

  • NC GARDENS 2016 URBAN RENEWAL

    RELATED · housing · NJ · general or managing partner

    Directly controlled by na

  • NC DOUGLAS HOMES 2016 URBAN RENEWAL

    RELATED · housing · NJ · general or managing partner

    Directly controlled by na

  • NC ROSEVILLE SENIOR 2016 URBAN RENEWAL

    RELATED · housing · NJ · general or managing partner

    Directly controlled by na

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RECTORY ANNEX

    C · REAL ESTATE · NJ · 100% owned · share of income -$144,125 · share of assets $522,561 · controlled entity

    Directly controlled by NCC

  • NEW COMMUNITY EMPLOYMENT & TRAINING URC

    C · REAL ESTATE · NJ · 100% owned · share of income $49,405 · share of assets $1,658,754 · controlled entity

    Directly controlled by NCC

  • HAYES HOMES URC

    C · REAL ESTATE · NJ · 100% owned · share of income -$88,255 · share of assets $1,975,178 · controlled entity

    Directly controlled by NCC

  • HOME HEALTH SERVICE URC

    C · REAL ESTATE · NJ · 100% owned · share of income -$102,731 · share of assets $3,038,326 · controlled entity

    Directly controlled by NCC

  • NEW COMMUNITY TMC CORPORATION

    C · REAL ESTATE · NJ · 100% owned · share of income -$827,200 · share of assets $1,626,345 · controlled entity

    Directly controlled by NCC

  • NCC MANOR SUBSIDIARY CORPORATION

    C · HOLDING · NJ · 100% owned · share of income -$40 · share of assets $0 · controlled entity

    Directly controlled by NCC

  • NEW COMMUNITY SALEM-LAFEYETTE HOUSING IN

    C · REAL ESTATE · NJ · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by NCC

  • ST JOSEPH'S PLAZA URBAN RENEWAL CORP

    C · REAL ESTATE · NJ · 100% owned · share of income -$404,251 · share of assets $653,429 · controlled entity

    Directly controlled by NCC

  • NC BETTER LIFE LLC

    C · HOUSING · NJ · 100% owned · share of income -$24 · share of assets $0 · controlled entity

    Directly controlled by NCC

  • 186 MANAGEMENT INC

    C · HOUSING · NJ · 100% owned · share of income -$179,786 · share of assets $1,017,672 · controlled entity

    Directly controlled by NCC

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202343199349310394

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