New Jersey · Nonprofit
New Community Corporation
New Community Corporation (New Jersey) receives grants from 22 organizations whose IRS filings report $4,926,462 to it, the largest being VICTORIA FOUNDATION INC ($2,427,000). 11 of them have funded it in more than one year.
- Revenue FY2024
- $15M
- Funders on record
- 22
- Grants received
- $4.9M
- Net assets
- $87M
What New Community Corporation does
Mission
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.
As stated on its FY2024 Form 990.
Program
New Community Corporation provides management and additional resource support to over 1,700 low- to moderate-income units of affordable housing. Through a comprehensive community development approach, residents' needs are met to help them achieve permanent housing, employment, access to quality education, and access to quality healthcare services. New Community Corporation provides management and additional resource support to its affiliate New Community Healthcare Inc. New Community Healthcare provides the highest quality of nursing care 24 hours a day, seven days a week. It has a team of experienced professionals who provide around-the-clock nursing care to all residents, including those in advanced stages of illness. The 180-bed skilled nursing facility offers long-term care for senior citizens and the disabled and provides short-term subacute rehabilitation care, with a dedicated 30-bed subacute unit. The team consists of board-certified attending physicians plus a multitude of consultant physicians specializing in dentistry, optometry, podiatry, psychiatry, psychology, and surgery. New Community Healthcare also offers hospice and respite care, X-ray, and laboratory services…
$11,844,943 spentof which $1,238,389 as grants$10,087,648 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $11,844,943.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $83M to $90M (+8%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 1% · 2018 4% · 2019 3% · 2020 3% · 2021 17% · 2022 3% · 2023 5% · 2024 2%. Grants only. Government contracts and fees sit inside program revenue.
7% of New Community Corporation’s revenue is contributions — about as donation-reliant as the typical peer (13% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Simone Gagnerone
Chief executive officer
Board chair
Edgar Nemorin
Interim chairman and treasurer
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2023 and FY2024 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 9 funders, grant income rose $169k → $828k.
2 of 22 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 3% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of New Community Corporation’s funders (the co-funder graph). Top 21 of 22 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
New Community Corporation leans on a few funders — its largest provides 49% of grant income and the top three 78%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
39% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund New Community Corporation.
Largest funder’s share by year: 2017 100% · 2018 49% · 2019 59% · 2020 62% · 2021 49% · 2022 54% · 2023 48% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
40% of New Community Corporation's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
72% of New Community Corporation's grant income comes from New Jersey funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $163k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
New Community Corporation runs a healthier operating margin than half of the 817 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 817 housing & shelter nonprofits $10M–$100M, FY2024
Government funding New Community Corporation receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $30.8M on record — $1.8M federal, $29.0M state.
- Department of Education$1.8M
- FEDERAL$17.7M
- GRANT IN AID$9.3M
- DEDICATED$1.8M
- REVOLVING$84k
- TRUST FUND$81k
- DIRECT STATE SERVICES - NON-SALARY$9k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like New Community Corporation
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New Jersey
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Public support
68%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 50 related entities
- New Community Urban Renewal Corporation · exempt
- New Community Employment Services · exempt
- New Community Roseville Towers Corp · exempt
- New Community Healthcare Inc · exempt
- New Community Harmony House Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for New Community Corporation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds New Community Corporation?
- New Community Corporation (New Jersey) receives grants from 22 organizations whose IRS filings report $4,926,462 to it, the largest being VICTORIA FOUNDATION INC ($2,427,000). 11 of them have funded it in more than one year.
- How many funders does New Community Corporation have?
- IRS filings report 22 organizations giving $4,926,462 in grants to New Community Corporation, 11 of which have funded it in more than one year.
- Who is the largest funder of New Community Corporation?
- VICTORIA FOUNDATION INC is the largest funder on record, with $2,427,000 in grants. The full list of funders is on this page.
- How can an organization like New Community Corporation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New Jersey. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 22 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing