New Community Roseville Towers Housing Corp
Stable Housing Provider with Consistent Financials
EIN: 222240774 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $329K |
| Total Expenses | $295K |
| Program Spending | 85% |
| Net Assets | $-1,016,113 |
| Transparency Score | 75/100 |
Is New Community Roseville Towers Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Community Roseville Towers Housing Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Community Roseville Towers Housing Corp
New Community Roseville Towers Housing Corp (EIN: 222240774) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $329K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Community Roseville Towers Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Community Roseville Towers Housing Corp is a small nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $327K |
| Total Expenses | $295K |
| Surplus / Deficit | +$32K |
| Total Assets | $1.7M |
| Total Liabilities | $2.7M |
| Net Assets | $-1,016,113 |
| Operating Margin | 9.8% |
| Debt-to-Asset Ratio | 160.6% |
| Months of Reserves | 68.1 months |
Financial Health Grade: A
In 2023, New Community Roseville Towers Housing Corp reported a surplus of $32K with revenue exceeding expenses, holds 68.1 months of operating reserves (strong position), has a debt-to-asset ratio of 160.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Community Roseville Towers Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.2% | +2.8% | +4.3% |
| 2022 | +2.9% | +8.8% | +4.2% |
| 2021 | -5.1% | -10.9% | +6.5% |
| 2020 | +4.0% | -7.3% | +2.9% |
| 2019 | +2.4% | +18.9% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Roseville Towers Housing Corp 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Community Roseville Towers Housing Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 160.6%.
Executive Compensation Analysis
The provided data indicates 'c0%' for compensation across all years, suggesting no reported compensation for officers, directors, trustees, or key employees, which warrants further investigation as it is highly uncommon for an organization managing significant assets and revenue.
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 Roseville Towers Housing Corp's IRS 990 filings:
- Consistent reporting of 0% compensation for all key personnel across multiple years, which may indicate incomplete reporting or an unusual operational structure.
- Lack of detailed expense breakdown to verify program spending percentages.
Strengths
The following positive indicators were identified for New Community Roseville Towers Housing Corp:
- Consistent revenue generation over several years, indicating stable operations.
- Assets have shown steady growth from $1,285,533 in 2016 to $1,751,733 in 2023.
- Liabilities have remained relatively stable, suggesting good financial management.
- The organization consistently operates with a positive net income (revenue minus expenses) in most years.
Frequently Asked Questions about New Community Roseville Towers Housing Corp
Is New Community Roseville Towers Housing Corp a legitimate charity?
New Community Roseville Towers Housing Corp (EIN: 222240774) 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: $329K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does New Community Roseville Towers Housing Corp spend its money?
New Community Roseville Towers Housing Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Community Roseville Towers Housing Corp tax-deductible?
New Community Roseville Towers Housing Corp is registered as a tax-exempt nonprofit (EIN: 222240774). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Community Roseville Towers Housing Corp's spending goes to programs?
New Community Roseville Towers Housing Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Community Roseville Towers Housing Corp located?
New Community Roseville Towers Housing Corp is headquartered in Newark, New Jersey and files with the IRS under EIN 222240774.
How many years of IRS 990 filings does New Community Roseville Towers Housing Corp have?
New Community Roseville Towers Housing Corp 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 $329K in total revenue.
What does New Community Roseville Towers Housing Corp do?
New Community Roseville Towers Housing Corp 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 Roseville Towers Housing Corp have?
New Community Roseville Towers Housing Corp reported total revenue of $328,934. Based on 13 IRS 990 filings on record.
What are New Community Roseville Towers Housing Corp's total assets?
New Community Roseville Towers Housing Corp holds total assets of $1,751,733 as reported in IRS 990 filings.
Where is New Community Roseville Towers Housing Corp located?
New Community Roseville Towers Housing Corp is based in Newark, New Jersey.
What is New Community Roseville Towers Housing Corp's EIN?
New Community Roseville Towers Housing Corp's Employer Identification Number (EIN) is 222240774. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Community Roseville Towers Housing Corp?
New Community Roseville Towers Housing Corp is classified under NTEE code Unknown (Unknown).
Is New Community Roseville Towers Housing Corp a registered 501(c)(3)?
New Community Roseville Towers Housing Corp appears in IRS records (EIN: 222240774). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Community Roseville Towers Housing Corp file IRS Form 990?
Yes, New Community Roseville Towers Housing Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Community Roseville Towers Housing Corp's revenue in 2023?
In the 202312 filing period, New Community Roseville Towers Housing Corp reported total revenue of $327,244, total expenses of $295,064, and net assets of $1,675,650.
Is New Community Roseville Towers Housing Corp's revenue growing or declining?
New Community Roseville Towers Housing Corp's revenue is relatively stable. Revenue went from $320,311 (202212) to $327,244 (202312), a +2.2% change. Based on 13 filings on record.
What is New Community Roseville Towers Housing Corp's most recent 990 filing?
The most recent IRS Form 990 filing for New Community Roseville Towers Housing Corp covers tax period 202312. It shows revenue of $327,244, expenses of $295,064, total assets of $1,675,650, and liabilities of $2,691,763.
How much does New Community Roseville Towers Housing Corp spend on programs vs administration?
Based on IRS 990 analysis, New Community Roseville Towers Housing Corp allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is New Community Roseville Towers Housing Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, New Community Roseville Towers Housing Corp appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for New Community Roseville Towers Housing Corp?
The following concerns were identified: Consistent reporting of 0% compensation for all key personnel across multiple years, which may indicate incomplete reporting or an unusual operational structure.. Lack of detailed expense breakdown to verify program spending percentages.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Community Roseville Towers Housing Corp's strengths?
Positive indicators for New Community Roseville Towers Housing Corp include: Consistent revenue generation over several years, indicating stable operations.. Assets have shown steady growth from $1,285,533 in 2016 to $1,751,733 in 2023.. Liabilities have remained relatively stable, suggesting good financial management.. The organization consistently operates with a positive net income (revenue minus expenses) in most years.. These findings are derived from AI analysis of the organization's financial filings.
How does New Community Roseville Towers Housing Corp compensate executives?
The provided data indicates 'c0%' for compensation across all years, suggesting no reported compensation for officers, directors, trustees, or key employees, which warrants further investigation as it is highly uncommon for an organization managing significant assets and revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New Community Roseville Towers Housing Corp?
The organization consistently reports 0% compensation for its officers, directors, trustees, and key employees, which is unusual for an organization of its size and scope. Detailed breakdowns of program expenses are not readily available in the provided data. The financial filings are consistent across multiple years, showing stable revenue and expenses. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does New Community Roseville Towers Housing Corp manage to operate without reporting any compensation for its officers, directors, trustees, or key employees, as indicated by 'c0%' in all filings?
This is a significant anomaly that requires further investigation. It could imply that all leadership positions are purely volunteer, that compensation is being reported under a different category not captured in the provided 'c' field, or that the organization is part of a larger entity that handles compensation centrally.
Given the consistent revenue and asset growth, what specific programs or services does New Community Roseville Towers Housing Corp provide to its community?
While the data indicates a housing corporation, the specific details of its programs (e.g., affordable housing, senior housing, specific community services) are not provided. Understanding these programs would clarify the impact of its consistent financial performance.
Filing History
IRS 990 filing history for New Community Roseville Towers Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Community Roseville Towers Housing Corp's revenue has grown by 44.4%, moving from $227K to $327K. Total assets increased by 49.5% over the same period, from $1.1M to $1.7M. Total functional expenses rose by 1.9%, from $289K to $295K. In its most recent filing year (2023), New Community Roseville Towers Housing Corp reported a surplus of $32K, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $1.7M in assets (debt-to-asset ratio: 160.6%), resulting in net assets of $-1,016,113.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $327K | $295K | $1.7M | $2.7M | — | View 990 |
| 2022 | $320K | $287K | $1.6M | $2.7M | — | View 990 |
| 2021 | $311K | $264K | $1.5M | $2.6M | — | View 990 |
| 2020 | $328K | $296K | $1.4M | $2.6M | — | — |
| 2019 | $315K | $319K | $1.4M | $2.6M | — | View 990 |
| 2018 | $308K | $268K | $1.4M | $2.6M | — | View 990 |
| 2017 | $282K | $283K | $1.3M | $2.5M | — | View 990 |
| 2016 | $284K | $198K | $1.3M | $2.5M | — | View 990 |
| 2015 | $259K | $262K | $1.1M | $2.4M | — | View 990 |
| 2014 | $53K | $162K | $1.2M | $2.5M | — | View 990 |
| 2013 | $53K | $157K | $1.2M | $2.4M | — | View 990 |
| 2012 | $53K | $167K | $1.0M | $2.1M | — | View 990 |
| 2011 | $227K | $289K | $1.1M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $327K, expenses of $295K, and assets of $1.7M (revenue +2.2% year-over-year).
- 2022: Revenue of $320K, expenses of $287K, and assets of $1.6M (revenue +2.9% year-over-year).
- 2021: Revenue of $311K, expenses of $264K, and assets of $1.5M (revenue -5.1% year-over-year).
- 2020: Revenue of $328K, expenses of $296K, and assets of $1.4M (revenue +4.0% year-over-year).
- 2019: Revenue of $315K, expenses of $319K, and assets of $1.4M (revenue +2.4% year-over-year).
- 2018: Revenue of $308K, expenses of $268K, and assets of $1.4M (revenue +9.3% year-over-year).
- 2017: Revenue of $282K, expenses of $283K, and assets of $1.3M (revenue -0.7% year-over-year).
- 2016: Revenue of $284K, expenses of $198K, and assets of $1.3M (revenue +9.5% year-over-year).
- 2015: Revenue of $259K, expenses of $262K, and assets of $1.1M (revenue +384.2% year-over-year).
- 2014: Revenue of $53K, expenses of $162K, and assets of $1.2M (revenue +0.8% year-over-year).
- 2013: Revenue of $53K, expenses of $157K, and assets of $1.2M (revenue +0.0% year-over-year).
- 2012: Revenue of $53K, expenses of $167K, and assets of $1.0M (revenue -76.6% year-over-year).
- 2011: Revenue of $227K, expenses of $289K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Community Roseville Towers Housing Corp:
Data Sources and Methodology
This transparency report for New Community Roseville Towers Housing Corp 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.