From public IRS filings
NEW COMMUNITY CORPORATION
NEWARK, NJ · Housing & Shelter
Mission
TO HELP RESIDENTS OF INNER CITIES IMPROVE THE QUALITY OF THEIR LIVES TO REFLECT INDIVIDUAL GOD-GIVEN DIGNITY AND PERSONAL ACHIEVEMENT.
Financials (IRS Form 990)
Total revenue
$14M
Total expenses
$13.9M
Total assets
$91.5M
Program expense ratio
84%
Source: IRS Form 990, tax year 2023.
Who funds NEW COMMUNITY CORPORATION
$2.9M in foundation grants on record from 13 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Victoria Foundation | $1.2M | 3 |
| Community Food Bank of New Jersey | $719K | 11 |
| Local Initiatives Support | $303K | 2 |
| Prudential Foundation | $265K | 3 |
| Healthcare Foundation of New Jersey | $172K | 3 |
| United Way of Essex & West Hudson D/B/A United Way of Greater Newark | $124K | 1 |
| Partnership for Maternal and Child Health of Northern New Jersey | $53K | 2 |
| Reinvestment Fund | $50K | 1 |
| Marisa Martini Private Foundation Inc C/O Rebecca Alicea | $25K | 2 |
| Sandy Hill Foundation | $10K | 2 |
Leadership
SIMONE GAGNERONE — CEO (Principal officer)
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