New Community Corporation (EIN 221911104) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

SIMONE GAGNERONE

Phone

9736232800

Tax Period

2023-01-01 to 2023-12-31

New Community Corporation, founded in 1968, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.0M in total revenue in fiscal year 2023. Net assets of $84.1M represent 72 months of operating reserves.

Mission

TO HELP RESIDENTS OF INNER CITIES IMPROVE THE QUALITY OF THEIR LIVES TO REFLECT INDIVIDUAL GOD-GIVEN DIGNITY AND PERSONAL ACHIEVEMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,440,567

Program Service Revenue $9,570,874

Investment Income $2,802,963

Other Revenue $178,071

TOTAL REVENUE $13,992,475

Expense Breakdown

Grants Paid $856,545

Salaries & Benefits $8,465,987

Fundraising Expenses $0

Program Expenses $11,815,009

Other Expenses $4,622,032

TOTAL EXPENSES $13,944,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,992,475	$13,153,735	+0.1%
Expenses	$13,944,564	$13,661,940	+0.0%
Net Income	$47,911	$-508,205	-1.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

332

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$654,719

Total Directors

$61,208

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIMONE GANGNERONE	CHIEF EXECUTIVE OFFICER	40.0	Officer	$275,330	$7,693	$283,023
ELIZABETH MBAKAYA	CHIEF FINANCIAL OFFICER	40.0	Officer	$174,498	$0	$174,498
FRED HUNTER	COO - TERMINATED	40.0	Officer	$127,833	$3,000	$130,833
RICHARD ROHRMAN	CEO - FORMER	1.0		$122,193	$0	$122,193
WINTON TOLLES	DIR OF RE DEVELOPMENT-RETIRED	40.0	Officer	$66,365	$0	$66,365
MADGE WILSON	BOARD MEMBER	40.0	Director	$55,688	$3,720	$59,408
DIANE JOHNSON	BOARD MEMBER	1.0	Director	$1,800	$0	$1,800
DR ZACHARY YAMBA	PRESIDENT	1.0	Officer Director	$0	$0	$0
EDGAR NEMORIN	TREASURER	1.0	Officer Director	$0	$0	$0
NEWTON RICHARDS	SECRETARY	1.0	Officer Director	$0	$0	$0
BARRY BAKER	BOARD MEMBER	1.0	Director	$0	$0	$0
MIGDALIA MARTINEZ	BOARD MEMBER	1.0	Director	$0	$0	$0
FERNANDO COLON	BOARD MEMBER	1.0	Director	$0	$0	$0
ANTHONY MARCHETTA	BOARD MEMBER	1.0	Director	$0	$0	$0
JEROME ST JOHN	BOARD MEMBER	1.0	Director	$0	$0	$0
INGRID RASMUSSEN	BOARD MEMBER	1.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$13,992,475	$13,944,564	$91,490,312	$47,911
2022	$13,153,735	$13,661,940	$87,121,192	$-508,205
2021	$16,838,314	$13,089,542	$92,222,632	$3,748,772
2020	$15,148,426	$14,206,919	$90,100,980	$941,507
2019	$16,098,266	$13,407,470	$83,242,550	$2,690,796
2018	$13,730,284	$12,664,599	$81,201,761	$1,065,685

New Community Corporation