New Community Corporation

What New Community Corporation does

New Community Corporation (NCC) is a private, for-profit community development corporation headquartered in Newark, New Jersey, and self-described as one of the largest and most comprehensive community development corporations in the United States. Founded in 1968, the organization operates in the urban community-development sector, a category that typically delivers affordable housing, workforce development, social services, and related economic-development programs to underserved urban populations. NCC employs 101-250 staff, indicating a mid-sized institutional footprint relative to typical CDC peers.

The underlying product/service mix, revenue mechanics, customer segments, pricing model, and technology stack are not present in the supplied source material. The company website (newcommunity.org) returned only a loading/verification page when crawled, and the structured data blocks for products and services, management team, funding, partnerships, regulatory actions, and corporate structural moves are all empty. No AI/ML capabilities, integrations, patents, certifications, or product launches are disclosed in the input.

Given the data gap, the business model cannot be characterized beyond the standard CDC pattern: a mix of government grants (HUD, state, municipal), philanthropic contributions, programmatic fees, and — where applicable — rental income from owned affordable housing units. Investors evaluating NCC should treat this profile as a thin-evidence starting point pending direct review of HUD filings, IRS Form 990, audited financials, and the company's own programmatic disclosures.

Name

New Community Corporation

Website

https://newcommunity.org

Company type

Private

Founded year

1968

Headcount range

101–250 employees

Short description

New Community Corporation is a Newark, New Jersey–based community development corporation founded in 1968, recognized as one of the largest and most comprehensive CDCs in the United States, serving urban communities through housing and related programs with 101-250 staff.

Ownership category

akta.pro rank

Product category

Community Development Services

NAICS

Civic and Social Organizations (81341), Civic and Social Organizations (813410), Other Individual and Family Services (624190)

SIC

Services-Social Services (8300)

akta.pro primary industry

Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE)

akta.pro secondary industries

Housing Development, Construction & Rehabilitation Programs (BPAIANAB), Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ), Community Centers & Neighborhood Support Services (BPAGAEAL)

Keywords

• Affordable housing
• Community development
• Social services
• Workforce development
• Housing services

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure

Core offering

New Community Corporation is one of the largest and most comprehensive community development corporations in the United States. Based in Newark, the organization provides affordable housing and a broad range of community-focused services aimed at supporting low- and moderate-income residents. Its offerings typically span housing management, social services, education, workforce development, and related community-based programs delivered across its Newark-area footprint.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing
• Community Development Programs

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Direct peers

• The NHP Foundation: Nonprofit affordable housing owner/operator providing supportive housing and resident services across multiple states — analogous operating model combining real estate and human services.
• BRIDGE Housing Corporation: Mission-driven affordable housing developer and property manager combining real estate operations with resident services — comparable business mix and resident-services orientation.
• Mercy Housing: National nonprofit affordable housing developer and service provider combining real estate with resident services programs — closely comparable vertically integrated CDC operating model.
• Enterprise Community Partners: One of the largest national community development organizations combining affordable housing development, capital deployment, and place-based programs — directly comparable to NCC's comprehensive CDC model, but at national scale.
• Local Initiatives Support Corporation (LISC): National CDFI and CDC-support intermediary funding housing, economic development, and community programs in distressed urban areas — directly comparable mission and operating model to NCC.

Emerging players

• Rebuilding Together: National nonprofit focused on home rehabilitation and community revitalization for low-income homeowners — overlaps with NCC's housing rehabilitation and neighborhood stabilization activities but more narrowly scoped.

Broad incumbents

• Habitat for Humanity International: Largest U.S. nonprofit housing organization with a broader national/global footprint and volunteer-driven model — overlaps with NCC's housing development and community revitalization mission but at much greater scale.
• National Urban League: National civil rights and urban advocacy organization operating direct-service affiliates that deliver housing counseling, workforce, and community development programs — comparable mission and urban focus to NCC.
• Volunteers of America: National nonprofit operating housing, behavioral health, and community services programs — overlaps significantly with NCC's human services and supportive housing lines, though with a broader service portfolio.

Regional players

• United Way of Greater Newark: Local United Way affiliate funding and convening Newark-area health, housing, and human services nonprofits — directly comparable Newark-area community services funding and coordination role.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

• Xx.com/NewCommunityCor
• Facebookfacebook.com/NewCommunityCorporation
• LinkedInlinkedin.com/company/new-community-corporation

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Community Corporation