2020-11-14T12:13:52-06:00 2019-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2019-01-01 221911104 New Community Corporation % ELIZABETH MBAKAYA NEWC 9736232800 233 West Market Street Newark NJ 07103 ELIZABETH MBAKAYA CFO 9736397823 2020-11-16 true Michael Pintabone P01275156 7328281614 65.119.199.60 22006220203195000018 2020-11-14 P 03358C0E35A9FE8478E9BCFC8B642874B9C932C8 4772C9F6CBCBF82B43FDC03BF3379F9BD882DC35 2019 2021-01-29 14:40:06Z ELIZABETH MBAKAYA 233 West Market Street Newark NJ 07103 16098266 false X WWW.NEWCOMMUNITY.ORG X 1968 NJ DEVELOPMENT, CONSTRUCTION AND MANAGEMENT OF COMMUNITY HOUSING AND RELATED SUPPORT FACILITIES FOR LOW TO MODERATE INCOME FAMILIES AND SENIOR CITIZENS. 11 10 353 82 0 903233 1521480 11070085 10358668 1305452 3536240 451514 681878 13730284 16098266 245736 521407 0 0 8072124 8545459 0 0 0 4346739 4340604 12664599 13407470 1065685 2690796 81201761 83242550 5174869 4524862 76026892 78717688 DEVELOPMENT, CONSTRUCTION AND MANAGEMENT OF COMMUNITY HOUSING AND RELATED SUPPORT FACILITIES FOR LOW TO MODERATE INCOME FAMILIES AND SENIOR CITIZENS AND ECONOMIC DEVELOPMENT FOR LIMITED INCOME PEOPLE. false false 10388935 521407 10358668 DEVELOPMENT, CONSTRUCTION AND MANAGEMENT OF COMMUNITY HOUSING AND RELATED SUPPORT FACILITIES FOR LOW TO MODERATE INCOME FAMILIES AND SENIOR CITIZENS AND ECONOMIC DEVELOPMENT FOR LIMITED INCOME PEOPLE. 10388935 true true false false false false false false false false true false true true true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true true true false false true 161 0 true 353 true false false false false false false false false false false false false X 11 10 false false false false false false false true true false false true true true true true true true false true true NJ X ELIZABETH MBAKAYA 9736232800 233 WEST MARKET STREET NEWARK NJ 07103 RICHARD ROHRMAN CEO 40.0 0.0 X 226250 0 6000 ELIZABETH MBAKAYA CFO 40.0 0.0 X 160000 0 0 MADGE WILSON BOARD MEMBER 40.0 0.0 X 55000 0 3720 EDGAR NEMORIN TREASURER 1.0 0.0 X X 0 0 0 NEWTON RICHARDS SECRETARY 1.0 0.0 X X 0 0 0 BARRY BAKER BOARD MEMBER 1.0 0.0 X 0 0 0 DR ZACHARY YAMBA president 1.0 0.0 X X 0 0 0 MIGDALIA MARTINEZ BOARD MEMBER 1.0 0.0 X 0 0 0 Fernando Colon Board Member 1.0 0.0 X 0 0 0 DIANE JOHNSON board member 1.0 0.0 X 0 0 0 ANTHONY MARCHETTA board member 1.0 0.0 X 0 0 0 JEROME ST JOHN board member 1.0 0.0 X 0 0 0 INGRID RASMUSSEN board member 1.0 0.0 X 0 0 0 441250 0 9720 2 false true false WITHUM SMITH BROWN 506 CARNEGIE CTR STE 400 PRINCETON NJ 08540 ACCOUNTING 317151 1 532899 988581 1521480 MANAGEMENT, MAINTENANCE, AND SOCIAL FEES 531310 8148656 8148656 DEVELOPER FEE 531310 949571 949571 EQUITY INCOME OF LIMITED PARTNERSHIPS 531310 1235441 1235441 CONTRACT SERVICES 531310 25000 25000 10358668 3536240 3536240 0 0 144357 144357 0 144357 144357 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 537521 537521 537521 16098266 10896189 3680597 521407 521407 0 0 0 0 441876 371176 70700 0 6179515 5190793 988722 0 1194566 1003436 191130 729502 612782 116720 11365 0 11365 0 123612 103834 19778 130400 109536 20864 0 0 0 320854 269517 51337 0 929917 276616 653301 205259 172418 32841 0 629859 31493 598366 113685 95495 18190 0 0 106634 0 106634 0 143946 7197 136749 91905 90067 1838 BAD DEBT 864398 864398 0 0 OTHER DIRECT PROGRAM 189245 189245 0 0 BAD DEBT - AFFILIATES 479525 479525 0 0 13407470 10388935 3018535 0 X 12201684 7601317 0 0 5086905 2890928 0 0 0 0 0 0 10294204 9507729 0 0 1636287 1879691 4791673 3286903 1253552 1504770 0 0 0 0 46329650 54468507 0 0 4399479 5389608 81201761 83242550 2387891 1765331 0 0 0 0 0 0 0 0 0 0 2644366 2609621 0 0 142612 149910 5174869 4524862 X 75981242 78317688 45650 400000 76026892 78717688 81201761 83242550 2690796 X false true X true false X 5904633 2298942 1156655 903233 1521480 11784943 13125589 16755965 38197971 11070085 10358668 89508278 0 0 0 19030222 19054907 39354626 11973318 11880148 101293221 0 4858579 1402989 28622327 404707 1235441 36524043 4858579 1402989 28622327 404707 1235441 36524043 64769178 703162 755425 796221 1305452 3680597 7240857 0 703162 755425 796221 1305452 3680597 7240857 0 7680916 2295288 829833 292563 537521 11636121 27414300 22105620 40980680 13571333 16098266 120170199 0.53898 0.56426 0.06026 0.03442 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 584179 584179 2289303 1964553 324750 872082 509453 362629 1047098 813886 233212 1504770 INVEST IN LP AFFIL. (EQUITY M) 54468507 C 54468507 PROJECT DEVELOPMENT COSTS 197655 FUNDS IN ESCROW 809384 DUE TO AFFILIATES 4382569 5389608 0 REFUNDABLE ADVANCES 8421 DEFERRED COMPNESATION PAYABLE 141489 149910 X Schedule D, Part X, Line 2 The Organization and certain affiliates are exempt from federal income taxes under Internal Revenue Code Section 501(c)(3) and state income taxes under similar state provisions. Therefore, no provision has been made for income taxes on the changes in net assets. No provision has been made for income taxes, if any, for the Organizations consolidated partnership affiliates since income or loss of the partnership is required to be reported by the respective partners on their income tax returns. With regards to the Organizations for-profit subsidiaries, deferred income tax assets and liabilities are recognized for the differences between financial and income tax reporting basis of assets and liabilities based on enacted tax rates and laws. A valuation allowance is provided if it is more likely than not that some or all of the deferred tax assets will not be realized. The deferred income tax provision or benefit generally reflects the net change in deferred income tax assets and liabilities during the year. The current income tax provision reflects the tax consequences of revenues and expenses currently taxable or deductible on the Organizations various income tax returns for the year reported. The primary deferred income tax items are net operating loss carryforwards. The Organization had no unrecognized tax benefits at December 31, 2019 and 2018. In addition, the Organization has no income tax related penalties or interest for the periods reported in these consolidated financial statements. true New Community Federal Credit Union 274 south orange ave newark NJ 07103 222561525 501(C)(3) 188667 GENERAL OPERATING SUPPORT. St Vincent Academy 228 W Market St Newark NJ 07103 221487333 501(c)(3) 10000 GENERAL OPERATING SUPPORT 2 MONITORING USE OF GRANT FUNDS The grants and other assistance reported in Part II are for the general operations of those entities, and therefore the use of these funds is not monitored by the Organization. However, grants and other assistance provided to related parties is monitoried through the Organization's control of these related parties. X false true false false false false false false false ELIZABETH MBAKAYA CFO 160000 0 0 0 0 0 0 0 0 0 160000 0 0 0 RICHARD ROHRMAN CEO 226250 0 0 0 0 0 0 0 6000 0 232250 0 0 0 form 990, schedule j, part I, line 4a the irganization has a non-qualified deferred compensation agreement with the president/ceo. form 990, part vi, section b, line 11B The Board appointed the Treasurer of the Board to review the draft of the 990. The Treasurer reviews the return before filing. form 990, part vi, section b, line 12c During the hiring process, the Human Resource department checks the candidates' references. In addition, the candidates must sign a conflict of interest statement. The candidates are required to inform HR abount any conflicts that may arise in the future. form 990, part vi, section c, line 19 These documents are available to the public upon their request. form 990, part vi, section b, line 15a Salaries are determined based on the individuals experience and the salary guide for non-profits. 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