New Community Roseville Towers Housing Corp
Nonprofit profile at a glance
- EIN
- 222240774
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Newark, NJ, USA
- Phone
- 9736232800
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $336,626
- Expenses
- $342,647
- Assets
- $1,846,287
- Liabilities
- $2,855,050
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- SIMONE GAGNERON (CHIEF EXECUTIVE OFFICER)
- RICHARD ROHRMAN (FORMER-CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- SIMONE GAGNERON (CHIEF EXECUTIVE OFFICER): $282,714 total reported compensation
- ELIZABETH MBAKAYA (CHIEF FINANCIAL OFFICER): $186,630 total reported compensation
- RICHARD ROHRMAN (FORMER-CHIEF EXECUTIVE OFFICER): $121,981 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
New community roseville towers housing corporation is a New Jersey not- for-profit organization which holds property available for lease. One tenant is a non-profit that provides early childhood and youth services. The organization also leases space within its building to a not-for-profit affiliate to an affiliate.
What it reported doing in 2025
New Community Roseville Towers Housing Corporation is a New Jersey not-for-profit organization which holds property available for lease. One tenant is a non-profit that provides early childhood and youth services. The Organization also leases space within its building to an affiliate.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 60
- Accountability: 84
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.5%; rating input score 85
- Program expense ratio: 84%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 26th 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: -1.8%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 5.39; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 1.55; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 4.1% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 6.8% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 37th percentile among comparable filings
Details
- Where the money goes: 85.5% of revenue deployed · 84% of spending went to programs
- Governance: 8 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $288K in reported program spending
- Leadership: top reported pay $283K · 12 people listed · 0 of 6 pay-setting controls reported
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Related organizations: 53 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.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.