NC Orange Senior Housing Corp
Nonprofit profile at a glance
- EIN
- 223657446
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Newark, NJ, USA
- Phone
- 9736232800
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $1,449,564
- Expenses
- $1,719,840
- Assets
- $7,359,132
- Liabilities
- $801,975
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- SIMONE GAGNERONE (CHIEF EXECUTIVE OFFICER)
- RICHARD ROHRMAN (CEO - FORMER)
Highest reported compensation
- SIMONE GAGNERONE (CHIEF EXECUTIVE OFFICER): $284,933 total reported compensation
- ELIZABETH MBAKAYA (CHIEF FINANCIAL OFFICER): $188,500 total reported compensation
- RICHARD ROHRMAN (CEO - FORMER): $104,673 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization provides elderly or disabled persons with housing facilities and services specially designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness, and usefulness in longer living.
What it reported doing in 2024
Federally assisted low cost housing for the elderly or disabled persons consisting of 99 units located in orange, nj.
Operating model
- Revenue model
- Grant-funded. 65% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 65
- Accountability: 84
- Sustainability: 41
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98%; rating input score 98
- Program expense ratio: 82.6%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 22nd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -18.6%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 4.28; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 0.7%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 4.4% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: -2% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 98% of revenue deployed · 82.6% of spending went to programs
- Governance: 8 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $285K · 12 people listed · 0 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 51 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 10/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.