New Community Corporation

New Community Corporation

Newark, NJ, US
501(c)3
EIN
22-1911104

New Community Corporation

Newark, NJ, US
501(c)3
EIN
22-1911104

Overview

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Est.

1968

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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New Community Corporation, with EIN 22-1911104, is dedicated to enhancing the quality of life for residents in inner cities, aligning with its mission to uphold individual dignity and promote personal achievement. Operating with a budget of $12.6 million and generating total revenue of $15.3 million in 2024, the organization is significantly supported by multiple funders, none of which contribute 50% or more of its revenue. More information can be found on their website at www.newcommunity.org.

Mission Statement

DEVELOPMENT, CONSTRUCTION AND MANAGEMENT OF COMMUNITY HOUSING AND RELATED SUPPORT FACILITIES FOR LOW TO MODERATE INCOME FAMILIES AND SENIOR CITIZENS.
Revenues

$15.3M

Expenses

$13.9M

Net Income:
+$1.4M
Assets

$92.4M

Liabilities

$5.6M

Net Assets:
+$86.8M
Operating Budget

$12.6M

Operating Budget by Year

Due Diligence

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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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Total No. of Grants

4

Median grant size
$52.5K
Largest grant received
$400K
M
Madge Wilson
Board Member
F
Fernando Colon
Board Member
D
Diane Johnson
Board Member

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.
Overview
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