New Community Corporation
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. Founded in 1968, ncc is recognized as one of the largest, most comprehensive community development corporations in the U.S. our vast array of services are provided "under one roofreach every stage of life. We offer affordable housing, early childhood learning centers, youth services, adult education, family transitional housing, mental health services, a long-term care facility, a one-stop resource center, a food pantry, a community newsletter and arts and cultural events.
New Community Corporation at a glance
In short: New Community Corporation gave $1.0M across 3 grants in 2024 (avg $333K), mostly in New Jersey. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $1,000,000
- +60.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $333,333
- +60.0% vs 2023
- Median grant
- $100,000
- Total assets
- $92,357,967
- +0.9% vs 2023
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who New Community Corporation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was New Community Employment Services Corp ($800K). Together the top 3 received $1.0M.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was in the $100–250K range: 14 grants of 19 (74%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How New Community Corporation gives
- Giving grew 62% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $617K (2021) to $1.1M (2022). In 2024 it made 3 grants totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Community Employment Services Corp Newark, NJ | Operating Support | $800,000 |
| New Community Harmony House Corp Newark, NJ | Operating Support | $100,000 |
| Community Hills Early Learning Center Inc Newark, NJ | Operating Support | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $92,357,967 | $15,303,744 | $13,860,974 | $1,000,000 | 3 | $4,101,937 |
| 2023 | $91,490,312 | $13,992,475 | $13,944,564 | $625,000 | 3 | $2,802,963 |
| 2022 | $87,121,192 | $13,153,735 | $13,661,940 | $1,138,324 | 4 | $2,816,435 |
| 2021 | $92,222,632 | $16,838,314 | $13,089,542 | $617,386 | 4 | $3,072,117 |
| 2020 | $90,100,980 | $15,148,426 | $14,206,919 | $723,750 | 5 | $4,132,729 |
About New Community Corporation
Based on IRS filings
New Community Corporation is a public charity focused on Housing & Shelter, based in Newark, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $92.4M in total assets. In 2024, it awarded 3 grants totaling $1.0M. Net investment income was $4.1M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
New Community Corporation is led by Simone Gagnerone, Chief Executive Officer since 2023 (on filings since 2022); 4 of 12 officers listed in 2024 are compensated.
Officers on the 2024 filing
Simone Gagnerone
Chief Executive Officer
CEO → Chief Executive Officer, 2023
On filings since 2022
40 hrs/week
$12K (2022) → $277K (2024)
Edgar Nemorin
Interim Chairman & Treasurer
Treasurer → Interim Chairman & Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Diane Johnson
Board Member
On filings since 2020
1 hr/week
$41K (2021) → $0 (2024)
Elizabeth Mbakaya
Chief Financial Officer
CFO → CFO & Interim CEO, 2022
CFO & Interim CEO → Chief Financial Officer, 2023
On filings since 2020
40 hrs/week
$180K (2020) → $189K (2024)
Madge Wilson
Emerita
Board Member → Emerita, 2024
On filings since 2020
40 hrs/week
$55K (2020) → $56K (2024)
Richard Rohrman
Ceo-Former
CEO → CEO - Former, 2023
CEO - Former → Ceo-Former, 2024
On filings since 2020
1 hr/week
$229K (2020) → $105K (2024)
Anthony Marchetta
Board Member
On filings since 2020
1 hr/week
No compensation reported
Barry Baker
Board Member
On filings since 2020
1 hr/week
No compensation reported
Fernando Colon
Board Member
On filings since 2020
1 hr/week
No compensation reported
Jerome St John
Board Member
On filings since 2020
1 hr/week
No compensation reported
Newton Richards
Secretary
On filings since 2020
1 hr/week
No compensation reported
Zachary Yamba
Emerita
President → Emerita, 2024
On filings since 2020
1 hr/week
No compensation reported
Former officers (5)
- Former: Fred Hunter (2020–2023) — COO - Terminated
- Former: Ingrid Rasmussen (2020–2023) — Board Member
- Former: Migdalia Martinez (2020–2023) — Board Member
- Former: Winton Tolles (2021–2023) — Director of Re Development-Retired
- Former: Richard Rorhman (2022) — CEO - Former
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $277K, to Simone Gagnerone (Chief Executive Officer). 4 officers or directors reported compensation on that filing.
Frequently asked questions about New Community Corporation
How much does New Community Corporation give each year?
New Community Corporation gave $1.0M across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $625K across 3 grants.
What is New Community Corporation's typical grant size?
New Community Corporation's median grant in 2024 was $100,000, and its average grant was $333,333, across 3 grants on its 2024 IRS Form 990.
Where does New Community Corporation give grants?
New Community Corporation gives mostly in New Jersey: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Newark, NJ (3 grants).
Does New Community Corporation give general operating support?
Yes: 100% of New Community Corporation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990.
How large is New Community Corporation?
New Community Corporation reported $92.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $15.3M.
What is New Community Corporation?
New Community Corporation is a public charity focused on Housing & Shelter, based in Newark, NJ. It holds $92.4M in total assets as of 2024.
What is New Community Corporation's EIN?
New Community Corporation's EIN (Employer Identification Number) is 22-1911104. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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