Newark, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)New Community Health Care Inc, founded in 1983, is a community nonprofit in the Health Care sector that reported $9.2M in total revenue in fiscal year 2023. Expenses of $10.5M exceeded revenue, resulting in a 14% operating deficit.
THE ORGANIZATION WAS INCORPORATED TO OVERSEE THE OPERATIONS OF A 180 BED EXTENDED HEALTH CARE FACILITY LOCATED IN NEWARK, NEW JERSEY. NEW COMMUNITY HEALTH CARE, INC. (THE "ORGANIZATION") WAS INCORPORATED IN THE STATE OF NEW JERSEY IN 1983 TO OVERSEE THE OPERATIONS OF A 180-BED EXTENDED HEALTH CARE FACILITY LOCATED IN NEWARK, NEW JERSEY, AND BEGAN OPERATIONS IN JANUARY 1986.
HEALTH CARE (See schedule o for further details)
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $9,203,763 | $9,573,189 | 0.0% |
| Expenses | $10,524,497 | $10,702,283 | 0.0% |
| Net Income | $-1,320,734 | $-1,129,094 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SIMONE GAGNERONE | CEO | 1.0 |
Officer
|
$0 | $7,693 | $283,023 |
| ELIZABETH MBAKAYA | CFO | 1.0 |
Officer
|
$0 | $0 | $174,498 |
| VERONICA ONWUNAKA | NURSING ADMINISTRATOR | 40.0 |
Highest
|
$137,900 | $0 | $137,900 |
| Fred Hunter | COO | 1.0 |
Officer
|
$0 | $3,000 | $130,833 |
| Richard Rorhman | CEO - Former | 1.0 |
|
$0 | $0 | $122,193 |
| DEBBIE OGUNDELE FOLUKE | NURSING DIRECTOR | 40.0 |
Highest
|
$116,690 | $0 | $116,690 |
| WINTON TOLLES | DIRECTOR OF R/E Development | 1.0 |
Officer
|
$0 | $0 | $66,365 |
| Madge Wilson | Board Member | 1.0 |
Director
|
$0 | $3,720 | $59,408 |
| DIANE JOHNSON | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $1,800 |
| Edgar Nemorin | Treasurer | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Newton m 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 |
| DR Zachary Yamba | PRESIDENT | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| FERDANDO 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $9,203,763 | $10,524,497 | $1,934,712 | $-1,320,734 |
| 2022 | $9,573,189 | $10,702,283 | $3,027,384 | $-1,129,094 |
| 2021 | $9,856,423 | $9,762,094 | $1,817,997 | $94,329 |
| 2021 | $10,209,644 | $9,762,094 | $1,817,997 | $447,550 |
| 2020 | $10,465,327 | $10,855,346 | $2,691,087 | $-390,019 |
| 2019 | $11,505,192 | $11,643,638 | $2,126,321 | $-138,446 |
| 2018 | $10,859,963 | $11,510,182 | $2,025,804 | $-650,219 |
Compare New Community Health Care Inc with other nonprofits in New Jersey and across the country.