New Community Corporation
AI Summary
New Community Corporation is a nonprofit organization dedicated to the development, construction, and management of community housing and related support facilities for low to moderate income families and senior citizens. With an operating budget of $12.6 million and total revenue of $15.3 million for the 2024 filing year, the organization has a significant financial scale, supported by multiple funders. It does not rely on a single funder for 50% or more of its revenue, ensuring a diversified funding base for its mission. For more information, visit their website at www.newcommunity.org.
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Mission Statement
DEVELOPMENT, CONSTRUCTION AND MANAGEMENT OF COMMUNITY HOUSING AND RELATED SUPPORT FACILITIES FOR LOW TO MODERATE INCOME FAMILIES AND SENIOR CITIZENS.
Cause Areas
1
Public housing
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is New Community Corporation’s budget?
In 2024, New Community Corporation reported an annual operating budget of around $12.6 million. More detailed financial information is available to registered users.
What causes does New Community Corporation support?
New Community Corporation supports work in Public housing.
Where does New Community Corporation operate?
New Community Corporation is headquartered in Newark, NJ.
Who funded New Community Corporation recently?
In 2024, New Community Corporation received grants from VICTORIA FOUNDATION INC, THE PRUDENTIAL FOUNDATION, and Marisa Martini Private Foundation Inc c/o Rebecca Alicea. More information on this organization’s funders is available to registered users.
What is the largest grant New Community Corporation received in 2024?
The largest grant to New Community Corporation in 2024 exceeds $400 thousand.
What is New Community Corporation’s reliance on government grants?
New Community Corporation relied on government grants for less than 5% of their total revenue in 2024.
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