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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Housing & Shelter New Community Corporation

New Community Corporation

Fiscal year ending 2023. Filed on November 15, 2024.

233 West Market Street
Newark, New Jersey 07103

New Community Corporation (EIN: 22-1911104) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, New Community Corporation, a 501(c)(3) charitable organization, reported compensation for 6 out of 332 total employees. Among the employees shown here, the average compensation is $139,387. The highest compensated employee at New Community Corporation is Simone Gangnerone with fiscal year 2023 compensation of $283,023.

Revenue, expenses, and employee compensation

Revenue

$13,992,475

Expenses

$13,944,564

Employee compensation

$8,465,987
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Simone Gangnerone
Chief Executive Officer
$283,023
$275,330 No related comp$7,693
Elizabeth Mbakaya
Chief Financial Officer
$174,498
$174,498 No related compNo other comp
Fred Hunter
COO - Terminated
$130,833
$127,833 No related comp$3,000
Richard Rohrman
Former Chief Executive Officer
$122,193
$122,193 No related compNo other comp
Winton Tolles
Director of RE Development-Retired
$66,365
$66,365 No related compNo other comp
Madge Wilson
Board Member
$59,408
$55,688 No related comp$3,720

Benchmark Employee Compensation

Non-Employee Board Members

Diane Johnson
Board Member
$1,800
$1,800 No related compNo other comp
Jerome st John
Board Member
No compensation reported
Edgar Nemorin
Treasurer
No compensation reported
Dr Zachary Yamba
President
No compensation reported
Barry Baker
Board Member
No compensation reported
Anthony Marchetta
Board Member
No compensation reported
Ingrid Rasmussen
Board Member
No compensation reported
Migdalia Martinez
Board Member
No compensation reported
Newton Richards
Secretary
No compensation reported
Fernando Colon
Board Member
No compensation reported

Contractors

Withum Smith Brown
Accounting
$332,567

Mission Statement

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.

Revisions to this organization profile

November 17, 2025:
2024 New Community Corporation 990 filed
November 15, 2024:
2023 New Community Corporation 990 filed
November 15, 2023:
2022 New Community Corporation 990 filed

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