New Community Roseville Towers Housing Corp

EIN: 222240774 501(c)(3)

Newark, NJ

Total Revenue
$328,934
Total Expenses
$315,563
Total Assets
$1,751,733
Net Assets
$-1,002,742
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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
1978
Legal Domicile
NJ
Principal Officer
Simone Gagnerone
Phone
9736232800
Tax Period
2024-01-01 to 2024-12-31

New Community Roseville Towers Housing Corp, founded in 1978, is a small nonprofit that reported $329K in total revenue in fiscal year 2024. Expenses of $316K left a modest 4% surplus.

Mission

Holds property available for lease. One tenant is a non-profit that provides early childhood and youth services. The other is a not-for-profit affiliate.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $299,128
Investment Income $0
Other Revenue $29,806
TOTAL REVENUE $328,934

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $283,268
Other Expenses $315,563
TOTAL EXPENSES $315,563

Year-over-Year Comparison

2024 2023 Change
Revenue $328,934 $327,244 +0.0%
Expenses $315,563 $295,064 +0.1%
Net Income $13,371 $32,180 -0.6%
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

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
8

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
5
$473,433
Total Directors
9
$59,856
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SIMONE GAGNERONE CHIEF EXECUTIVE OFFICER 1.0
Officer
$0 $7,737 $284,933
ELIZABETH MBAKAYA CHIEF FINANCIAL OFFICER 1.0
Officer
$0 $0 $188,500
RICHARD G ROHMAN CEO - FORMER 1.0
$0 $0 $104,673
MADGE WILSON EMERITA 1.0
Director
$0 $3,720 $59,856
NEWTON M RICHARDS SECRETARY 1.0
Officer Director
$0 $0 $0
DR ZACHARY YAMBA EMERITA 1.0
Officer Director
$0 $0 $0
BARRY BAKER BOARD MEMBER 1.0
Director
$0 $0 $0
EDGAR NEMORIN INTERIM CHAIRMAN AND TREASURER 1.0
Officer Director
$0 $0 $0
FERNANDO COLON BOARD MEMBER 1.0
Director
$0 $0 $0
DIANE JOHNSON 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
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 $328,934 $315,563 $1,751,733 $13,371
2023 $327,244 $295,064 $1,675,650 $32,180
2022 $320,311 $287,110 $1,606,232 $33,201
2021 $311,424 $263,842 $1,541,673 $47,582
2020 $328,078 $296,136 $1,447,130 $31,942
2019 $315,359 $319,296 $1,405,678 $-3,937
2018 $307,890 $268,434 $1,401,716 $39,456
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