New Community Harmony House Corporation

EIN: 222979354 501(c)(3)

Newark, NJ

Total Revenue
$2,249,698
Total Expenses
$2,209,977
Total Assets
$6,099,527
Net Assets
$296,183
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NJ
Principal Officer
SIMONE GAGNERONE
Phone
9736232800
Tax Period
2023-01-01 to 2023-12-31

New Community Harmony House Corporation, founded in 1990, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE TRANSITIONAL HOUSING AND SUPPORT SERVICES FOR HOMELESS INDIVIDUALS AND FAMILIES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $748,636
Program Service Revenue $1,499,392
Investment Income $1,670
Other Revenue $0
TOTAL REVENUE $2,249,698

Expense Breakdown

Grants Paid $0
Salaries & Benefits $454,497
Fundraising Expenses $0
Program Expenses $1,746,681
Other Expenses $1,755,480
TOTAL EXPENSES $2,209,977

Year-over-Year Comparison

2023 2022 Change
Revenue $2,249,698 $2,037,809 +0.1%
Expenses $2,209,977 $2,093,936 +0.1%
Net Income $39,721 $-56,127 -1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
10

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
7
$654,719
Total Directors
11
$61,208
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 $7,693 $283,023
ELIZABETH MBAKAYA CHIEF FINANCIAL OFFICER 1.0
Officer
$0 $0 $174,498
FRED HUNTER COO-TerminATED 1.0
Officer
$0 $3,000 $130,833
RICHARD ROHRMAN CEO - FORMER 1.0
$0 $0 $122,193
WINTON TOLLES DIR.OF R/E DEVELOPMENT-Retired 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
DR A 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
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
MIGDALIA MARTINEZ 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 $2,249,698 $2,209,977 $6,099,527 $39,721
2022 $2,037,809 $2,093,936 $6,225,662 $-56,127
2021 $2,136,664 $2,015,783 $6,316,976 $120,881
2020 $1,602,498 $2,078,149 $6,228,998 $-475,651
2019 $2,341,062 $2,208,801 $6,869,129 $132,261
2018 $2,144,441 $2,060,099 $6,911,984 $84,342
Explore More Nonprofits
→Top 100 Nonprofits in New Jersey →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare New Community Harmony House Corporation with other nonprofits in New Jersey and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.