New Community Employment Services Corp

EIN: 222546365 501(c)(3) Employment

Newark, NJ

Total Revenue
$2,353,898
Total Expenses
$2,382,344
Total Assets
$788,400
Net Assets
$522,083
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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
1984
Legal Domicile
NJ
Principal Officer
SIMONE GAGNERONE
Phone
9736232800
Tax Period
2024-01-01 to 2024-12-31

New Community Employment Services Corp, founded in 1984, is a community nonprofit in the Employment sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

TO PROVIDE JOB TRAINING, COUNSELING, AND PLACEMENT SERVICES FOR LOW AND MODERATE INCOME INDIVIDUALS

Program Service Accomplishments

Program 1
Expenses: $2,006,181 Revenue: $596,500

TO PROVIDE JOB TRAINING, COUNSELING, AND PLACEMENT SERVICES FOR LOW AND MODERATE INCOME INDIVIDUALS

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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 $1,757,398
Program Service Revenue $596,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,353,898

Expense Breakdown

Grants Paid $22,350
Salaries & Benefits $1,500,787
Fundraising Expenses $0
Program Expenses $2,006,181
Other Expenses $859,207
TOTAL EXPENSES $2,382,344

Year-over-Year Comparison

2024 2023 Change
Revenue $2,353,898 $2,750,092 -0.1%
Expenses $2,382,344 $2,769,147 -0.1%
Net Income $-28,446 $-19,055 +0.5%
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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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
4
$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 ROHRMAN CEO - FORMER 1.0
$0 $0 $104,673
MADGE WILSON EMERITA 1.0
Director
$0 $3,720 $59,856
DR ZACHARYA YAMBA EMERITA 1.0
Director
$0 $0 $0
EDGAR NEMORIN INTERIM CHARIMAN AND 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
DIANE JOHNSON 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
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 $2,353,898 $2,382,344 $788,400 $-28,446
2023 $2,750,092 $2,769,147 $862,664 $-19,055
2022 $2,869,110 $2,909,067 $1,138,173 $-39,957
2021 $2,491,917 $2,638,170 $1,015,018 $-146,253
2020 $2,355,341 $2,628,939 $1,247,195 $-273,598
2019 $2,263,093 $2,703,469 $1,366,196 $-440,376
2018 $2,192,733 $2,679,907 $1,697,517 $-487,174
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