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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$92.4M
+0.9% YoY
Annual Giving
$1.0M
+60.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$333K
+60.0% YoY
About New Community Corporation
Based on IRS filings
New Community Corporation is a nonprofit organization 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
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $92,357,967 | $91,490,312 | $87,121,192 |
| Revenue | $15,303,744 | $13,992,475 | $13,153,735 |
| Expenses | $13,860,974 | $13,944,564 | $13,661,940 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,101,937 | $2,802,963 | $2,816,435 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SIMONE GAGNERONE | CHIEF EXECUTIVE OFFICER | 40 | $277,196 |
| ELIZABETH MBAKAYA | CHIEF FINANCIAL OFFICER | 40 | $188,500 |
| Richard Rohrman | CEO-Former | 1 | $104,673 |
| MADGE WILSON | EMERITA | 40 | $56,136 |
| EDGAR NEMORIN | INTERIM CHAIRMAN AND TREASURER | 1 | — |
| NEWTON RICHARDS | SECRETARY | 1 | — |
| DR ZACHARY YAMBA | EMERITA | 1 | — |
| BARRY BAKER | BOARD MEMBER | 1 | — |
| DIANE JOHNSON | BOARD MEMBER | 1 | — |
| FERNANDO COLON | BOARD MEMBER | 1 | — |
| ANTHONY MARCHETTA | BOARD MEMBER | 1 | — |
| JEROME ST JOHN | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Laborers Intl Union of 472 Hcl
NEWARK, NJ
Assets
$61.5M
Grants
1
Total Given
$179K
The Community Chest of Englewood
ENGLEWOOD, NJ
Assets
$491K
Grants
5
Total Given
$38K
Margaret a Darrin Charitable Trust
FLORHAM PARK, NJ
Assets
$111.3M
Grants
61
Total Given
$6.9M
Anplr Religious Education Inc
PASSAIC, NJ
Assets
$19K
Grants
0
Total Given
—
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
0
Total Given
—
Stephen J Machuta Scholarship Trust
PENNINGTON, NJ
Assets
$1.9M
Grants
1
Total Given
$70K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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