Newark Affordable Housing Coalition

Nonprofit profile at a glance

EIN
850819973
IRS 990 coverage
2025–2025
Forms available
Form 990 2025
Location
Newark, NJ, USA
Phone
9736876560
Rating confidence
Limited
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$0
Expenses
$113,837
Assets
$360,347
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • GREGORY GOOD (PRESIDENT)

People named in this filing

  • TASEEN PETERSON (SECRETARY/TR)
  • MARTINIQUE COSTA (TRUSTEE)
  • GREGORY GOOD (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose for which this corporation is organized is the recognition of the mutual concern and common interests to achieve better living environments for the residents of the city of newark, including but not limited to those residing within units owned and/or operated by the newark housing authority, and the state of New Jersey through providing decent, safe and affordable housing for low and moderate income families, including necessary social programs and job opportunities for residents when possible.

What it reported doing in 2025

The objectives of the corporation are: a. To bring together the resources and technical expertise of federal, state and local officials. To seek the assistance of housing groups, foundations, private sector organizations and the community at large as it relates to the provision of affordable housing within the city of newark and state of New Jersey whose primary responsibilities involve the rehabilitation and or conversion of existing housing, the development of new affordable housing, and the general improvement of housing conditions as it relates to housing, social programs and job opportunities. B. To improve the quality of life for residents of the city of newark, including but limited to those residing within units owned and/or operated by the newark housing authority, by providing better and more diverse housing opportunities. C. To encourage improved efficiency and cooperation between public housing authorities and all levels of government and the private sector and in doing so avoid unnecessary duplication and inefficiencies. D. To promote the highest standards of professional ethics.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 28
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 3.17; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.