New Community Urban Renewal Corporation (EIN 222484084) - 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

1983

Legal Domicile

Principal Officer

Simone Gagnerone

Phone

9736232800

Tax Period

2024-01-01 to 2024-12-31

New Community Urban Renewal Corporation, founded in 1983, is a small nonprofit in the Health Care sector that reported $998K in total revenue in fiscal year 2024. Expenses of $862K left a modest 14% surplus.

Mission

TO OWN AND LEASE A 180 BED HEALTH CARE FACILITY TO A RELATED NOT-FOR-PROFIT CORPORATION RESPONSIBLE FOR ONGOING OPERATIONS OF THE EXTENDED CARE FACILITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $996,917

Investment Income $910

Other Revenue $0

TOTAL REVENUE $997,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $719,013

Other Expenses $861,671

TOTAL EXPENSES $861,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$997,827	$997,695	+0.0%
Expenses	$861,671	$964,666	-0.1%
Net Income	$136,156	$33,029	+3.1%

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

N/A

Volunteers

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

$473,433

Total Directors

$59,856

Key Employees

Highest Compensated

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 RICHARDS	SECRETARY	1.0	Officer Director	$0	$0	$0
EDGAR NEMORIN	INTERIM CHAIRMAN AND TREASURER	1.0	Officer Director	$0	$0	$0
BARRY BAKER	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
Diane Johnson	Board Member	1.0	Director	$0	$0	$0
DR ZACHARY YAMBA	EMERITA	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	$997,827	$861,671	$4,303,559	$136,156
2023	$997,695	$964,666	$4,518,181	$33,029
2022	$997,542	$859,061	$4,789,853	$138,481
2021	$997,584	$915,476	$5,141,359	$82,108
2020	$998,518	$910,338	$5,510,710	$88,180
2019	$998,070	$935,699	$6,118,200	$62,371
2018	$998,197	$986,334	$6,377,310	$11,863

New Community Urban Renewal Corporation