Nonprofit · EIN 22-2484084
NEW COMMUNITY URBAN RENEWAL CORP
Tax-exempt · NEWARK, NJ 07103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $997,827 | $861,671 | $136,156 | $4,303,559 | $3,474,445 | $829,114 |
| December 31, 2023 | 990 | $997,695 | $964,666 | $33,029 | $4,518,181 | $3,825,223 | $692,958 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $996,917
- Investment income
- $910
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,680
- Accounting fees
- $22,800
- Occupancy
- $207,125
- Depreciation
- $307,293
- Program services (functional)
- $719,013
- Management and general (functional)
- $142,658
Balance sheet and other
- Total assets, start of year
- $4,518,181
- Total assets, end of year
- $4,303,559
- Total liabilities, end of year
- $3,474,445
- Net assets, end of year
- $829,114
- Land, buildings and equipment
- $1,291,371
- Net assets without donor restrictions
- $829,114
- Gross receipts
- $997,827
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1983
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SIMONE GAGNERONE | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $277,196 | $7,737 |
| elizabeth mbakaya | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $188,500 | $0 |
| RICHARD G ROHMAN | CEO - Former Former | 1 | $0 | $104,673 | $0 |
| MADGE WILSON | EMERITA Trustee or director | 1 | $0 | $56,136 | $3,720 |
| NEWTON RICHARDS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EDGAR NEMORIN | INTERIM CHAIRMAN AND TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARRY BAKER | board member Trustee or director | 1 | $0 | $0 | $0 |
| FERNANDO COLON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| anthony marchetta | board member Trustee or director | 1 | $0 | $0 | $0 |
| Jerome St John | board member Trustee or director | 1 | $0 | $0 | $0 |
| Diane Johnson | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| DR ZACHARY YAMBA | EMERITA Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SIMONE GAGNERONE | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $275,330 | $7,693 |
| elizabeth mbakaya | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $174,498 | $0 |
| FRED HUNTER | CHIEF OPERATING OFFICER Officer | 1 | $0 | $127,833 | $3,000 |
| Richard G Rohman | CEO - Former Former | 1 | $0 | $122,193 | $0 |
| WINTON TOLLES | DIRECTOR OF R/E DEVELOpment Officer | 1 | $0 | $66,365 | $0 |
| MADGE WILSON | BOARD MEMBER Trustee or director | 1 | $0 | $55,688 | $3,720 |
| diane johnson | board member Trustee or director | 1 | $0 | $1,800 | $0 |
| NEWTON M RICHARDS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EDGAR NEMORIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR ZACHARY YAMBA | president Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARRY BAKER | board member Trustee or director | 1 | $0 | $0 | $0 |
| migdalia martinez | board member Trustee or director | 1 | $0 | $0 | $0 |
| FERNANDO COLON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| anthony marchetta | board member Trustee or director | 1 | $0 | $0 | $0 |
| jerome st john | board member Trustee or director | 1 | $0 | $0 | $0 |
| ingrid rasmussen | board member Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 233 W MARKET ST, NEWARK, NJ 07103-2713
- In care of
- % ELIZABETH MBAKAYA
- Principal officer (990 for 2024)
- Simone Gagnerone, 233 West Market St, Newark, NJ 07103
- Signed the 990
- Simone Gagnerone, CEO
- Phone
- (973) 623-2800
- Website
- www.newcommunity.org
- Return prepared by
- WithumSmithBrown PC
Mission
TO OWN AND LEASE A 180 BED HEALTH CARE FACILITY TO A RELATED NOT-FOR-PROFIT CORPORATION RESPONSIBLE FOR ONGOING OPERATIONS OF THE EXTENDED CARE FACILITY.
Program accomplishments
- TO OWN AND LEASE A 180 BED HEALTH CARE FACILITY TO A RELATED NOT-FOR-PROFIT CORPORATION RESPONSIBLE FOR ONGOING OPERATIONS OF THE EXTENDED CARE FACILITY.Expenses $719,013 · revenue $996,917
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2484084
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E910)
- Assets (IRS master file)
- $4,303,559
- Income (IRS master file)
- $997,827
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $997,827 | $861,671 | $4,303,559 | XML |
| 990 | December 2023 | $997,695 | $964,666 | $4,518,181 | XML |
| 990 | December 2022 | $997,542 | $859,061 | $4,789,853 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2484084).
Questions about NEW COMMUNITY URBAN RENEWAL CORP
- What is the EIN of NEW COMMUNITY URBAN RENEWAL CORP?
- The employer identification number (EIN) of NEW COMMUNITY URBAN RENEWAL CORP is 22-2484084.
- Is NEW COMMUNITY URBAN RENEWAL CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to NEW COMMUNITY URBAN RENEWAL CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW COMMUNITY URBAN RENEWAL CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW COMMUNITY URBAN RENEWAL CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW COMMUNITY URBAN RENEWAL CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW COMMUNITY URBAN RENEWAL CORP?
- The 990 for the year ended December 31, 2024 names Simone Gagnerone.
- Who are the officers and directors of NEW COMMUNITY URBAN RENEWAL CORP?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does NEW COMMUNITY URBAN RENEWAL CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $997,827, expenses of $861,671 and total assets of $4,303,559 at year end.
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