New Community Harmony House Corporation
New Community Harmony House Corporation: Consistent Revenue, High Liabilities
EIN: 222979354 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.2M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $296K |
| Transparency Score | 75/100 |
Is New Community Harmony House 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 Harmony House Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Community Harmony House Corporation
New Community Harmony House Corporation (EIN: 222979354) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $2.1M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Community Harmony House Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Community Harmony House Corporation is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$40K |
| Total Assets | $6.1M |
| Total Liabilities | $5.8M |
| Net Assets | $296K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 95.1% |
| Months of Reserves | 33.1 months |
Financial Health Grade: A
In 2023, New Community Harmony House Corporation reported a surplus of $40K with revenue exceeding expenses, holds 33.1 months of operating reserves (strong position), has a debt-to-asset ratio of 95.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Community Harmony House Corporation's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | +5.5% | -2.0% |
| 2022 | -4.6% | +3.9% | -1.4% |
| 2021 | +33.3% | -3.0% | +1.4% |
| 2020 | -31.5% | -5.9% | -9.3% |
| 2019 | +9.2% | +7.2% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Harmony House Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, New Community Harmony House Corporation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 95.1%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and suggests potential reporting discrepancies or alternative compensation structures not disclosed.
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 Harmony House Corporation's IRS 990 filings:
- Consistent 0% reported compensation for highest-paid employees across all years, which is highly unusual and may indicate incomplete reporting.
- High liabilities relative to assets (e.g., $5,803,344 in liabilities vs. $6,099,527 in assets for 2023) suggest potential financial strain or significant debt.
- Net assets have shown a declining trend over several years (e.g., $6,869,129 in 2019 to $6,099,527 in 2023).
Strengths
The following positive indicators were identified for New Community Harmony House Corporation:
- Consistent revenue generation, generally above $2 million annually.
- Long operational history with consistent financial filings.
- Significant asset base, though liabilities are also substantial.
Frequently Asked Questions about New Community Harmony House Corporation
Is New Community Harmony House Corporation a legitimate charity?
New Community Harmony House Corporation (EIN: 222979354) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does New Community Harmony House Corporation spend its money?
New Community Harmony House Corporation directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to New Community Harmony House Corporation tax-deductible?
New Community Harmony House Corporation is registered as a tax-exempt nonprofit (EIN: 222979354). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Community Harmony House Corporation CEO make?
New Community Harmony House Corporation's highest-compensated officer earns $0 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Community Harmony House Corporation's spending goes to programs?
New Community Harmony House Corporation directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New Community Harmony House Corporation located?
New Community Harmony House Corporation is headquartered in Newark, New Jersey and files with the IRS under EIN 222979354.
How many years of IRS 990 filings does New Community Harmony House Corporation have?
New Community Harmony House 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 $2.1M in total revenue.
What does New Community Harmony House Corporation do?
New Community Harmony House Corporation is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Community Harmony House Corporation have?
New Community Harmony House Corporation reported total revenue of $2,130,109. Based on 13 IRS 990 filings on record.
What are New Community Harmony House Corporation's total assets?
New Community Harmony House Corporation holds total assets of $6,239,899 as reported in IRS 990 filings.
Where is New Community Harmony House Corporation located?
New Community Harmony House Corporation is based in Newark, New Jersey.
What is New Community Harmony House Corporation's EIN?
New Community Harmony House Corporation's Employer Identification Number (EIN) is 222979354. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Community Harmony House Corporation?
New Community Harmony House Corporation is classified under NTEE code Unknown (Unknown).
Is New Community Harmony House Corporation a registered 501(c)(3)?
New Community Harmony House Corporation appears in IRS records (EIN: 222979354). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Community Harmony House Corporation file IRS Form 990?
Yes, New Community Harmony House Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Community Harmony House Corporation's revenue in 2023?
In the 202312 filing period, New Community Harmony House Corporation reported total revenue of $2,249,698, total expenses of $2,209,977, and net assets of $6,099,527.
Is New Community Harmony House Corporation's revenue growing or declining?
New Community Harmony House Corporation's revenue is growing. Revenue went from $2,037,809 (202212) to $2,249,698 (202312), a +10.4% change. Based on 13 filings on record.
What is New Community Harmony House Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for New Community Harmony House Corporation covers tax period 202312. It shows revenue of $2,249,698, expenses of $2,209,977, total assets of $6,099,527, and liabilities of $5,803,344.
How much does New Community Harmony House Corporation spend on programs vs administration?
Based on IRS 990 analysis, New Community Harmony House Corporation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is New Community Harmony House Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, New Community Harmony House Corporation appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for New Community Harmony House Corporation?
The following concerns were identified: Consistent 0% reported compensation for highest-paid employees across all years, which is highly unusual and may indicate incomplete reporting.. High liabilities relative to assets (e.g., $5,803,344 in liabilities vs. $6,099,527 in assets for 2023) suggest potential financial strain or significant debt.. Net assets have shown a declining trend over several years (e.g., $6,869,129 in 2019 to $6,099,527 in 2023).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Community Harmony House Corporation's strengths?
Positive indicators for New Community Harmony House Corporation include: Consistent revenue generation, generally above $2 million annually.. Long operational history with consistent financial filings.. Significant asset base, though liabilities are also substantial.. These findings are derived from AI analysis of the organization's financial filings.
How does New Community Harmony House Corporation compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and suggests potential reporting discrepancies or alternative compensation structures not disclosed. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New Community Harmony House Corporation?
The organization consistently reports 0% compensation for its highest-paid employees, which warrants further investigation. Detailed program spending breakdowns are not readily available in the provided data. Transparency regarding specific funding sources and their allocation could be improved. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 for executive compensation, how are key leadership roles compensated, and what is the actual cost of executive leadership to the organization?
The consistent $0 compensation reported for the highest-paid employees across all years (2016-2023) is a significant anomaly. This could indicate that executives are compensated through a related entity, are volunteers, or that the reporting method for compensation is incomplete or misleading. Without further detail, the true cost of executive leadership and potential conflicts of interest remain unclear.
What is the nature of the high liabilities, and how does the organization plan to manage or reduce them to improve its financial stability?
The organization consistently carries high liabilities, such as $5,803,344 in 2023 and $5,965,879 in 2022, which are close to its total assets. Understanding the composition of these liabilities (e.g., mortgages, program-related debt, operational debt) is crucial. A high liability-to-asset ratio can indicate financial risk and impact the organization's long-term sustainability and ability to fund programs.
Filing History
IRS 990 filing history for New Community Harmony House Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Community Harmony House Corporation's revenue has declined by 20.4%, moving from $2.8M to $2.2M. Total assets decreased by 21% over the same period, from $7.7M to $6.1M. Total functional expenses fell by 23.4%, from $2.9M to $2.2M. In its most recent filing year (2023), New Community Harmony House Corporation reported a surplus of $40K, with revenue exceeding expenses. The organization holds $5.8M in liabilities against $6.1M in assets (debt-to-asset ratio: 95.1%), resulting in net assets of $296K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.2M | $6.1M | $5.8M | — | — |
| 2022 | $2.0M | $2.1M | $6.2M | $6.0M | — | View 990 |
| 2021 | $2.1M | $2.0M | $6.3M | $5.3M | — | View 990 |
| 2020 | $1.6M | $2.1M | $6.2M | $5.3M | — | — |
| 2019 | $2.3M | $2.2M | $6.9M | $5.5M | — | View 990 |
| 2018 | $2.1M | $2.1M | $6.9M | $5.7M | — | View 990 |
| 2017 | $2.4M | $2.1M | $6.9M | $5.7M | — | — |
| 2016 | $2.3M | $2.3M | $6.8M | $5.7M | — | View 990 |
| 2015 | $2.3M | $2.4M | $7.0M | $5.8M | — | View 990 |
| 2014 | $2.5M | $2.5M | $7.2M | $6.0M | — | View 990 |
| 2013 | $2.6M | $2.6M | $7.4M | $6.1M | — | View 990 |
| 2012 | $2.7M | $2.7M | $7.6M | $6.2M | — | View 990 |
| 2011 | $2.8M | $2.9M | $7.7M | $6.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.2M, and assets of $6.1M (revenue +10.4% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.1M, and assets of $6.2M (revenue -4.6% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.0M, and assets of $6.3M (revenue +33.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.1M, and assets of $6.2M (revenue -31.5% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $6.9M (revenue +9.2% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $6.9M (revenue -9.0% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.1M, and assets of $6.9M (revenue +3.3% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.3M, and assets of $6.8M (revenue -1.4% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.4M, and assets of $7.0M (revenue -5.8% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.5M, and assets of $7.2M (revenue -4.4% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.6M, and assets of $7.4M (revenue -3.6% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.7M, and assets of $7.6M (revenue -5.8% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.9M, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Community Harmony House Corporation:
Data Sources and Methodology
This transparency report for New Community Harmony House 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.