New Community Corporation
New Community Corporation: Stable Finances, High Program Spending, but Limited Transparency
EIN: 221911104 · Newark, NJ · NTEE: L210 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $17.0M |
| Total Expenses | $13.9M |
| Program Spending | 90% |
| Net Assets | $84.1M |
| Transparency Score | 85/100 |
Is New Community Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Community Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Community Corporation
New Community Corporation (EIN: 221911104) is a nonprofit organization based in Newark, NJ, classified under NTEE code L210. The organization reported total revenue of $17.0M and total assets of $92.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Community Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Community Corporation is a large nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.0M |
| Total Expenses | $13.9M |
| Surplus / Deficit | +$48K |
| Total Assets | $91.5M |
| Total Liabilities | $7.4M |
| Net Assets | $84.1M |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 8.1% |
| Months of Reserves | 78.7 months |
Financial Health Grade: A
In 2023, New Community Corporation reported a surplus of $48K with revenue exceeding expenses, holds 78.7 months of operating reserves (strong position), has a debt-to-asset ratio of 8.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Community Corporation's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | +2.1% | +5.0% |
| 2022 | -21.9% | +4.4% | -5.5% |
| 2021 | +11.2% | -7.9% | +2.4% |
| 2020 | -5.9% | +6.0% | +8.2% |
| 2019 | +17.2% | +5.9% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Community Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, New Community Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further access to Form 990 filings which would list key employee compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Community Corporation's IRS 990 filings:
- Lack of detailed executive compensation information in the provided data makes it impossible to assess fairness.
- Limited public reporting on program outcomes and impact beyond general descriptions.
Strengths
The following positive indicators were identified for New Community Corporation:
- Consistently high percentage of spending dedicated to programs (90%).
- Strong and growing asset base, indicating financial stability and capacity for long-term operations.
- Consistent revenue streams over multiple years, demonstrating stable donor support or earned income.
Frequently Asked Questions about New Community Corporation
Is New Community Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, New Community Corporation (EIN: 221911104) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does New Community Corporation spend its money?
New Community Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Community Corporation tax-deductible?
New Community Corporation is registered as a tax-exempt nonprofit (EIN: 221911104). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Community Corporation's spending goes to programs?
New Community Corporation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Community Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Community Corporation is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Community Corporation located?
New Community Corporation is headquartered in Newark, New Jersey and files with the IRS under EIN 221911104. It is classified under NTEE code L210.
How many years of IRS 990 filings does New Community Corporation have?
New Community Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $17.0M in total revenue.
What does New Community Corporation do?
New Community Corporation is a nonprofit organization in the Housing & Shelter sector, located in Newark, New Jersey. It is classified under NTEE code L210.
How much revenue does New Community Corporation have?
New Community Corporation reported total revenue of $16,988,561. Based on 13 IRS 990 filings on record.
What are New Community Corporation's total assets?
New Community Corporation holds total assets of $92,357,967 as reported in IRS 990 filings.
Where is New Community Corporation located?
New Community Corporation is based in Newark, New Jersey.
What is New Community Corporation's EIN?
New Community Corporation's Employer Identification Number (EIN) is 221911104. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Community Corporation?
New Community Corporation is classified under NTEE code L210 (Housing & Shelter).
Is New Community Corporation a registered 501(c)(3)?
Yes, New Community Corporation is recognized as a tax-exempt organization by the IRS. EIN: 221911104.
Does New Community Corporation file IRS Form 990?
Yes, New Community Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Community Corporation's revenue in 2023?
In the 202312 filing period, New Community Corporation reported total revenue of $13,992,475, total expenses of $13,944,564, and net assets of $91,490,312.
Is New Community Corporation's revenue growing or declining?
New Community Corporation's revenue is growing. Revenue went from $13,153,735 (202212) to $13,992,475 (202312), a +6.4% change. Based on 13 filings on record.
What is New Community Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for New Community Corporation covers tax period 202312. It shows revenue of $13,992,475, expenses of $13,944,564, total assets of $91,490,312, and liabilities of $7,438,527.
How much does New Community Corporation spend on programs vs administration?
Based on IRS 990 analysis, New Community Corporation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is New Community Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, New Community Corporation appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for New Community Corporation?
The following concerns were identified: Lack of detailed executive compensation information in the provided data makes it impossible to assess fairness.. Limited public reporting on program outcomes and impact beyond general descriptions.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Community Corporation's strengths?
Positive indicators for New Community Corporation include: Consistently high percentage of spending dedicated to programs (90%).. Strong and growing asset base, indicating financial stability and capacity for long-term operations.. Consistent revenue streams over multiple years, demonstrating stable donor support or earned income.. These findings are derived from AI analysis of the organization's financial filings.
How does New Community Corporation compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further access to Form 990 filings which would list key employee compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does New Community Corporation manage to maintain such a high program spending percentage while also growing its assets significantly year over year?
The organization consistently allocates a large portion of its expenditures to programs, as evidenced by the 90% program spending. The growth in assets, from $60,074,990 in 2016 to $92,357,967 in 2023, suggests effective financial management, potentially through strategic investments, successful fundraising for capital projects, or efficient operational cost control that allows for both program delivery and asset accumulation.
Given the 'c0%' in the financial filings, what does this indicate about the organization's fundraising efficiency or reliance on contributions?
The 'c0%' likely refers to the percentage of contributions received, indicating that the provided revenue figures ('r') are primarily from sources other than direct public contributions, such as government grants, program service fees, or investment income. This suggests a diversified funding model less reliant on individual donations, which can be a strength in terms of financial stability but also means traditional fundraising efficiency metrics might not apply directly.
Filing History
IRS 990 filing history for New Community Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Community Corporation's revenue has declined by 17%, moving from $16.9M to $14.0M. Total assets increased by 101.1% over the same period, from $45.5M to $91.5M. Total functional expenses rose by 4.2%, from $13.4M to $13.9M. In its most recent filing year (2023), New Community Corporation reported a surplus of $48K, with revenue exceeding expenses. The organization holds $7.4M in liabilities against $91.5M in assets (debt-to-asset ratio: 8.1%), resulting in net assets of $84.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.0M | $13.9M | $91.5M | $7.4M | — | — |
| 2022 | $13.2M | $13.7M | $87.1M | $6.3M | — | View 990 |
| 2021 | $16.8M | $13.1M | $92.2M | $5.3M | — | View 990 |
| 2020 | $15.1M | $14.2M | $90.1M | $8.1M | — | View 990 |
| 2019 | $16.1M | $13.4M | $83.2M | $4.5M | — | View 990 |
| 2018 | $13.7M | $12.7M | $81.2M | $5.2M | — | View 990 |
| 2017 | $40.5M | $16.5M | $80.5M | $5.5M | — | View 990 |
| 2016 | $21.3M | $15.1M | $60.1M | $9.1M | — | View 990 |
| 2015 | $19.1M | $16.0M | $47.8M | $10.8M | — | View 990 |
| 2014 | $19.7M | $17.5M | $52.4M | $18.5M | — | View 990 |
| 2013 | $18.0M | $11.8M | $54.4M | $22.6M | — | View 990 |
| 2012 | $20.2M | $13.5M | $50.9M | $25.4M | — | View 990 |
| 2011 | $16.9M | $13.4M | $45.5M | $26.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.0M, expenses of $13.9M, and assets of $91.5M (revenue +6.4% year-over-year).
- 2022: Revenue of $13.2M, expenses of $13.7M, and assets of $87.1M (revenue -21.9% year-over-year).
- 2021: Revenue of $16.8M, expenses of $13.1M, and assets of $92.2M (revenue +11.2% year-over-year).
- 2020: Revenue of $15.1M, expenses of $14.2M, and assets of $90.1M (revenue -5.9% year-over-year).
- 2019: Revenue of $16.1M, expenses of $13.4M, and assets of $83.2M (revenue +17.2% year-over-year).
- 2018: Revenue of $13.7M, expenses of $12.7M, and assets of $81.2M (revenue -66.1% year-over-year).
- 2017: Revenue of $40.5M, expenses of $16.5M, and assets of $80.5M (revenue +89.6% year-over-year).
- 2016: Revenue of $21.3M, expenses of $15.1M, and assets of $60.1M (revenue +11.8% year-over-year).
- 2015: Revenue of $19.1M, expenses of $16.0M, and assets of $47.8M (revenue -3.0% year-over-year).
- 2014: Revenue of $19.7M, expenses of $17.5M, and assets of $52.4M (revenue +9.5% year-over-year).
- 2013: Revenue of $18.0M, expenses of $11.8M, and assets of $54.4M (revenue -10.8% year-over-year).
- 2012: Revenue of $20.2M, expenses of $13.5M, and assets of $50.9M (revenue +19.5% year-over-year).
- 2011: Revenue of $16.9M, expenses of $13.4M, and assets of $45.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Community Corporation:
Data Sources and Methodology
This transparency report for New Community Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.