New Community Urban Renewal Corp
New Community Urban Renewal Corp: Consistent Revenue, Declining Assets
EIN: 222484084 · Newark, NJ · NTEE: E910 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $998K |
| Total Expenses | $965K |
| Program Spending | 70% |
| Net Assets | $693K |
| Transparency Score | 75/100 |
Is New Community Urban Renewal 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 Urban Renewal Corp directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Community Urban Renewal Corp
New Community Urban Renewal Corp (EIN: 222484084) is a nonprofit organization based in Newark, NJ, classified under NTEE code E910. The organization reported total revenue of $998K and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Community Urban Renewal Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Community Urban Renewal Corp is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $998K |
| Total Expenses | $965K |
| Surplus / Deficit | +$33K |
| Total Assets | $4.5M |
| Total Liabilities | $3.8M |
| Net Assets | $693K |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 84.7% |
| Months of Reserves | 56.2 months |
Financial Health Grade: A
In 2023, New Community Urban Renewal Corp reported a surplus of $33K with revenue exceeding expenses, holds 56.2 months of operating reserves (strong position), has a debt-to-asset ratio of 84.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Community Urban Renewal Corp's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +12.3% | -5.7% |
| 2022 | +-0.0% | -6.2% | -6.8% |
| 2021 | -0.1% | +0.6% | -6.7% |
| 2020 | +0.0% | -2.7% | -9.9% |
| 2019 | +-0.0% | -5.1% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Urban Renewal 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, New Community Urban Renewal Corp 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 $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 84.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as no specific compensation figures for executives were included in the filings.
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 Urban Renewal Corp's IRS 990 filings:
- Significant and consistent decline in total assets over the past 8 years, from $7,146,591 in 2016 to $4,303,559 in 2023.
- Expenses have consistently exceeded revenue in most years, indicating potential operational deficits (e.g., 2023: revenue $997,695, expenses $964,666; 2016: revenue $1,016,142, expenses $1,424,190).
Strengths
The following positive indicators were identified for New Community Urban Renewal Corp:
- Highly stable revenue stream, consistently near $1 million annually, suggesting reliable funding sources.
- Low liabilities relative to assets, with liabilities at $3,825,223 against assets of $4,303,559 in 2023.
Frequently Asked Questions about New Community Urban Renewal Corp
Is New Community Urban Renewal Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, New Community Urban Renewal Corp (EIN: 222484084) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does New Community Urban Renewal Corp spend its money?
New Community Urban Renewal Corp directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Community Urban Renewal Corp tax-deductible?
New Community Urban Renewal Corp is registered as a tax-exempt nonprofit (EIN: 222484084). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Community Urban Renewal Corp's spending goes to programs?
New Community Urban Renewal Corp directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does New Community Urban Renewal Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), New Community Urban Renewal Corp is above average for NTEE category E910 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Community Urban Renewal Corp located?
New Community Urban Renewal Corp is headquartered in Newark, New Jersey and files with the IRS under EIN 222484084. It is classified under NTEE code E910.
How many years of IRS 990 filings does New Community Urban Renewal Corp have?
New Community Urban Renewal 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 $998K in total revenue.
What does New Community Urban Renewal Corp do?
New Community Urban Renewal Corp is a nonprofit organization in the Health Care sector, located in Newark, New Jersey. It is classified under NTEE code E910.
How much revenue does New Community Urban Renewal Corp have?
New Community Urban Renewal Corp reported total revenue of $997,827. Based on 13 IRS 990 filings on record.
What are New Community Urban Renewal Corp's total assets?
New Community Urban Renewal Corp holds total assets of $4,303,559 as reported in IRS 990 filings.
Where is New Community Urban Renewal Corp located?
New Community Urban Renewal Corp is based in Newark, New Jersey.
What is New Community Urban Renewal Corp's EIN?
New Community Urban Renewal Corp's Employer Identification Number (EIN) is 222484084. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Community Urban Renewal Corp?
New Community Urban Renewal Corp is classified under NTEE code E910 (Health Care).
Is New Community Urban Renewal Corp a registered 501(c)(3)?
Yes, New Community Urban Renewal Corp is recognized as a tax-exempt organization by the IRS. EIN: 222484084.
Does New Community Urban Renewal Corp file IRS Form 990?
Yes, New Community Urban Renewal Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Community Urban Renewal Corp's revenue in 2023?
In the 202312 filing period, New Community Urban Renewal Corp reported total revenue of $997,695, total expenses of $964,666, and net assets of $4,518,181.
Is New Community Urban Renewal Corp's revenue growing or declining?
New Community Urban Renewal Corp's revenue is relatively stable. Revenue went from $997,542 (202212) to $997,695 (202312), a 0.0% change. Based on 13 filings on record.
What is New Community Urban Renewal Corp's most recent 990 filing?
The most recent IRS Form 990 filing for New Community Urban Renewal Corp covers tax period 202312. It shows revenue of $997,695, expenses of $964,666, total assets of $4,518,181, and liabilities of $3,825,223.
How much does New Community Urban Renewal Corp spend on programs vs administration?
Based on IRS 990 analysis, New Community Urban Renewal Corp 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 Urban Renewal Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, New Community Urban Renewal Corp appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for New Community Urban Renewal Corp?
The following concerns were identified: Significant and consistent decline in total assets over the past 8 years, from $7,146,591 in 2016 to $4,303,559 in 2023.. Expenses have consistently exceeded revenue in most years, indicating potential operational deficits (e.g., 2023: revenue $997,695, expenses $964,666; 2016: revenue $1,016,142, expenses $1,424,190).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Community Urban Renewal Corp's strengths?
Positive indicators for New Community Urban Renewal Corp include: Highly stable revenue stream, consistently near $1 million annually, suggesting reliable funding sources.. Low liabilities relative to assets, with liabilities at $3,825,223 against assets of $4,303,559 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does New Community Urban Renewal Corp compensate executives?
Executive compensation cannot be assessed from the provided data, as no specific compensation figures for executives were included in the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the consistent decline in total assets despite stable revenue?
The consistent decline in total assets, from $7,146,591 in 2016 to $4,303,559 in 2023, suggests that the organization's expenses, which have often exceeded revenue (e.g., $1,424,190 expenses vs. $1,016,142 revenue in 2016), are being covered by drawing down existing assets rather than through operational surpluses or new capital infusions.
Filing History
IRS 990 filing history for New Community Urban Renewal Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Community Urban Renewal Corp's revenue has declined by 5.3%, moving from $1.1M to $998K. Total assets decreased by 52% over the same period, from $9.4M to $4.5M. Total functional expenses rose by 0.8%, from $957K to $965K. In its most recent filing year (2023), New Community Urban Renewal Corp reported a surplus of $33K, with revenue exceeding expenses. The organization holds $3.8M in liabilities against $4.5M in assets (debt-to-asset ratio: 84.7%), resulting in net assets of $693K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $998K | $965K | $4.5M | $3.8M | — | — |
| 2022 | $998K | $859K | $4.8M | $4.1M | — | View 990 |
| 2021 | $998K | $915K | $5.1M | $4.6M | — | View 990 |
| 2020 | $999K | $910K | $5.5M | $5.1M | — | — |
| 2019 | $998K | $936K | $6.1M | $5.8M | — | View 990 |
| 2018 | $998K | $986K | $6.4M | $6.1M | — | View 990 |
| 2017 | $998K | $1.0M | $6.8M | $6.6M | — | View 990 |
| 2016 | $1.0M | $1.4M | $7.1M | $6.8M | — | View 990 |
| 2015 | $1.7M | $1.3M | $7.5M | $6.8M | — | View 990 |
| 2014 | $1.1M | $1.3M | $7.3M | $6.9M | — | View 990 |
| 2013 | $1.1M | $1.4M | $8.5M | $7.8M | — | View 990 |
| 2012 | $1.1M | $1.1M | $8.7M | $7.7M | — | View 990 |
| 2011 | $1.1M | $957K | $9.4M | $7.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $998K, expenses of $965K, and assets of $4.5M (revenue +0.0% year-over-year).
- 2022: Revenue of $998K, expenses of $859K, and assets of $4.8M (revenue +-0.0% year-over-year).
- 2021: Revenue of $998K, expenses of $915K, and assets of $5.1M (revenue -0.1% year-over-year).
- 2020: Revenue of $999K, expenses of $910K, and assets of $5.5M (revenue +0.0% year-over-year).
- 2019: Revenue of $998K, expenses of $936K, and assets of $6.1M (revenue +-0.0% year-over-year).
- 2018: Revenue of $998K, expenses of $986K, and assets of $6.4M (revenue +0.0% year-over-year).
- 2017: Revenue of $998K, expenses of $1.0M, and assets of $6.8M (revenue -1.8% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.4M, and assets of $7.1M (revenue -38.8% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.3M, and assets of $7.5M (revenue +57.7% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.3M, and assets of $7.3M (revenue +-0.0% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.4M, and assets of $8.5M (revenue +0.0% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $8.7M (revenue +0.0% year-over-year).
- 2011: Revenue of $1.1M, expenses of $957K, and assets of $9.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Community Urban Renewal Corp:
Data Sources and Methodology
This transparency report for New Community Urban Renewal 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.