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← NEW COMMUNITY CORPORATION

Form 990 for tax year 2024

Filed by NEW COMMUNITY CORPORATION.

Totals

Total revenue
$15,303,744
Total expenses
$13,860,974
Contributions and grants received
$999,858
Grants paid
$1,238,389
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$11,844,943
Management and general expenses
$2,016,031
Fundraising expenses
$0
Program service expenses (Part III)
$11,844,943

Program services were 85.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SIMONE GAGNERONE

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $284,933
    From this org
    $277,196
    From related orgs
    $0
    Other
    $7,737
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $277,196
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,737
    Filer's total
    $284,933

  • ELIZABETH MBAKAYA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $188,500
    From this org
    $188,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $188,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $188,500

  • Richard Rohrman

    CEO-Former

    Total calculated
    $104,673
    From this org
    $104,673
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $104,673
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $104,673

  • MADGE WILSON

    EMERITA

    Total calculated
    $59,856
    From this org
    $56,136
    From related orgs
    $0
    Other
    $3,720
    Hours/week
    40 + 1 related

  • EDGAR NEMORIN

    INTERIM CHAIRMAN AND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • NEWTON RICHARDS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DR ZACHARY YAMBA

    EMERITA

    Total calculated
    $0
    Hours/week
    1

  • BARRY BAKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DIANE JOHNSON

    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

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, FORMER CEO. DURING 2024, $0 WAS RATABLY ACCRUED, AND PAYMENTS OF $76,376 WERE MADE. AS OF DECEMBER 31, 2024, THE AMOUNT ACCRUED WAS $502,808.

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 · 1.9% owned · share of income $4,110 · share of assets $105,307 · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY ROSEVILLE ASSOCIATES LP

    RELATED · HOUSING · NJ · 1% owned · share of income $3,239 · share of assets $194,022 · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY MANOR ASSOCIATES

    RELATED · HOUSING · NJ · 1.993% owned · share of income $7,270 · share of assets $125,228

    Directly controlled by NA

  • NEW COMMUNITY DOUGLAS HOMES ASSOCIATES

    RELATED · HOUSING · NJ · 1% owned · share of income $2,267 · share of assets $62,596 · general or managing partner

    Directly controlled by NA

  • ST JAMES - NC HOMES LTD

    RELATED · HOUSING · NJ · share of income $0 · share of assets -$324,605

    Directly controlled by NA

  • NEW COMMUNITY SUSSEX LP

    RELATED · HOUSING · NJ · 1% owned · share of income -$993 · share of assets -$18,229 · general or managing partner

    Directly controlled by NA

  • COMMUNITY COMMONS ASSOCIATES LIMITED

    RELATED · HOUSING · NJ · 29.688% owned · share of income $0 · share of assets $13,370,917 · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY ESTATES URA LP

    RELATED · HOUSING · NJ · 1% owned · share of income -$122,059 · share of assets $2,061,266 · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY HOMES ASSOC LTD

    RELATED · HOUSING · NJ · 10% owned · share of income -$7,227 · share of assets $1,125,085 · general or managing partner

    Directly controlled by NA

  • NEW COMMUNITY OCEAN BAYVIEW HOUSING ASSO

    RELATED · HOUSING · NJ · 50% owned · share of income -$159,269 · share of assets $1,614,682 · general or managing partner

    Directly controlled by NA

  • 545 ORANGE STREET URBAN RENEWAL LLC

    RELATED · HOUSING · NJ · 0.01% owned · share of income -$45 · share of assets -$997 · general or managing partner

    Directly controlled by NA

  • MANOR ADMINISTRATORS LLC

    RELATED · REAL ESTATE · NJ · 55% owned · share of income -$25 · share of assets -$6,384 · general or managing partner

    Directly controlled by NA

  • 101 14TH AVENUE LLC

    RELATED · HOUSING · NJ · 99.99% owned · share of income -$259,958 · share of assets $0 · general or managing partner

    Directly controlled by NA

  • NC PORTFOLIO ADMINISTRATOR 2016 LLC

    RELATED · housing · NJ · 99.99% owned · share of income -$5,459,846 · share of assets $18,124,586 · general or managing partner

    Directly controlled by na

  • NC Commons 2016 Urban Renewal LLC

    RELATED · housing · NJ · share of income $0 · share of assets $0 · general or managing partner

    Directly controlled by na

  • NC GARDENS 2016 URBAN RENEWAL

    RELATED · housing · NJ · share of income $0 · share of assets $0 · general or managing partner

    Directly controlled by na

  • NC DOUGLAS HOMES 2016 URBAN RENEWAL

    RELATED · housing · NJ · share of income $0 · share of assets $0 · general or managing partner

    Directly controlled by na

  • NC ROSEVILLE SENIOR 2016 URBAN RENEWAL

    RELATED · housing · NJ · share of income $0 · share of assets $0 · 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 -$138,355 · share of assets $476,360 · controlled entity

    Directly controlled by NCC

  • NEW COMMUNITY EMPLOYMENT & TRAINING URC

    C · REAL ESTATE · NJ · 100% owned · share of income $39,613 · share of assets $1,539,514 · controlled entity

    Directly controlled by NCC

  • HAYES HOMES URC

    C · REAL ESTATE · NJ · 100% owned · share of income -$72,968 · share of assets $1,841,744 · controlled entity

    Directly controlled by NCC

  • HOME HEALTH SERVICE URC

    C · REAL ESTATE · NJ · 100% owned · share of income -$61,384 · share of assets $2,788,241 · controlled entity

    Directly controlled by NCC

  • NEW COMMUNITY TMC CORPORATION

    C · REAL ESTATE · NJ · 100% owned · share of income -$774,649 · share of assets $1,467,670 · controlled entity

    Directly controlled by NCC

  • NCC MANOR SUBSIDIARY CORPORATION

    C · HOLDING · NJ · 100% owned · share of income -$25 · share of assets $0 · controlled entity

    Directly controlled by NCC

  • NEW COMMUNITY SALEM-LAFEYETTE HOUSING IN

    C · REAL ESTATE · NJ · 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

    Directly controlled by NCC

  • NC BETTER LIFE LLC

    C · HOUSING · NJ · 100% owned · share of income -$81,014 · share of assets -$81,183 · controlled entity

    Directly controlled by NCC

  • 186 MANAGEMENT INC

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

    Directly controlled by NCC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349312903

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