The NABC is here to help you meet your financial goals
The Newark Asset Building Coalition promotes well-being and financial stability for all Newarkers by increasing savings, reducing debt, increasing financial knowledge and skills, and improving access to wealth-building programs.
Newark Free Tax Prep
Many people in our community don’t have access to affordable tax preparation services or are unaware of programs like Earned Income Tax Credit (EITC) that could put thousands of dollars back in their hands and into our local economy. VITA helps taxpayers obtain eligible tax credits and deductions, especially EITC, Child Tax Credit, Education Tax Credits and Child Care tax deductions. By offering this service for free in our community, we help individuals and families maximize their returns, thereby achieving greater financial stability.
Sponsored by the Internal Revenue Service (IRS), VITA provides free income tax preparation assistance to individuals and families with a household income of less than $53,000 a year. VITA volunteers are trained and certified by the IRS to help taxpayers maximize their potential tax returns by ensuring all of the tax credits and deductions for which they qualify are claimed.
For More Details About Newark Free Tax Prep, Click Here: http://www.nabcnj.org/newark-free-tax-prep/
See Below for contact information
FINANCIAL LITERACY CLASSES SECTION
To reach our broad income aspirations, we strive to increase the number of individuals in Essex and West Hudson Counties who have the knowledge and resources necessary to sustain financial independence. We provide financial education through free, accessible, and effective financial literacy classes.
Upon completion of this class, participants will be able to:
- Define the components of a family budget
- Create and maintain a personal financial plan
- Discuss and dissect your financial habits and its effect on their lives
- Understand basic banking services
- Understand credit, credit reports, and how to use them effectively
- Know and be able to implement the steps needed for alternate means of income
- Identify tools, agencies and services that provide financial assistance
See Below for contact information
Financial/Credit Coaching
The Newark Asset Building Coalition also provides free one-on-one financial and credit coaching. The participant will meet with a Financial Coach who will also assist the client with creating a budget and provide solutions for decreasing and eliminating debt. The client can also meet with a certified credit counselor that will pull and review the client’s credit report, and provide them with solutions on building and improving credit scores.
Our services feature:
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- Goal establishment
- Creating a savings and spending plan
- Credit review and analysis
- Debt review and analysis
- Bill pay schedule
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See Below for contact information
First Time Homebuyer
The First Time Homebuyer Program, in partnership with select banks and realtors, will prepare potential first time homebuyers for homeownership. The program provides a comprehensive “walk through” of the entire home buying process including credit, savings, inspections, appraisals, down payments, and insurance. You will be empowered to make smart decisions during your first home buying experience.
See Below for contact information
Small Business Development
The Business Boot Camp Program, in partnership with Learn Now Grow (LNG), will educate aspiring and existing business owners on how to grow their company by taking advantage of procurement opportunities with New Jersey public and private entities. Participants will learn how to navigate the procurement process, and gain knowledge on different certifications that can give their company the competitive edge in landing contracts. The curriculum consists of 6 courses, and every exercise is designed to allow participants to immediately practice and apply what they are learning to their business.
See Below for contact information
Our Participating Financial Service Providers
United Way of Essex and West Hudson
60 Park Place, Suite 1400
Newark, NJ 07102
Website: https://uwewh.org/what-we-do/income/
Contact: Danielle Corea-Smith, Director of Impact Initiatives
Email: dcorea-smith@uwewh.org
Tele# 973-854-2247
Services Provided:
- Free Tax Preparation (VITA Site)
- Financial Coaching
- Credit Building Tools, Products and Resources
- Financial Literacy Classes
- First-Time Homebuyer Classes
- Business Development Classes
- FAFSA Preparation
- Matched Savings Accounts
New Jersey Citizen Action
Newark NJ 07102
Website: https://njcitizenaction.org/?page_id=117
Contact: Naomi Anderson, Director of VITA
Contact: Paula Mirk, Financial Coach
Email: naomi@njcitizenaction.org
Tele# 888-829-3711
(Services provided in both English and Spanish):
- Foreclosure Prevention
- First-Time Homebuyer Education and Pre-purchase Counseling
- Financial Coaching
- Credit Building Tools, Products and Resources
- Free Community Financial Capability Workshops
- HUD Approved Housing Counseling Agency
- Fair Housing
- Free Tax Preparation (VITA Site)
- Home Improvement Counseling
- Place Based Train-the-Trainer (Quarterly)
- Small Business Luncheon Networking Events (Accessing Capital and Networking with other businesses)
State-wide Consumer Financial Protection Workshops
Urban League of Essex County (ULEC)
Newark, NJ 07107
Website: http://www.ulec.org/financial_empowerment
Contact: Kamilla Johnson, Financial Coach
Email: KJohnson@ulec.org
Tele# 973-624-9535, x166
Services Provided:
- Financial Opportunity Center
- Financial Coaching
- Free Community Financial Capability Workshops
- Free Tax Preparation (VITA Site)
- Matched Savings Accounts
- Credit Building Tools, Products and Resources
- HUD Approved Housing Counseling Agency
- First-Time Homebuyer Education and Pre-purchase Counseling
- Foreclosure Prevention
- Emergency Housing Assistance
- Rental Counseling
- Post-Purchase Workshop Series (coming June 2019)
- Student Loan Workshop Series
- Home Energy Assistance
Affordable Home-ownership Development
La Casa De Don Pedro
Website: http://www.lacasanwk.org
La Casa de Don Pedro
Home & Neighborhood Investment Center
317 Roseville Avenue
Newark, NJ
Tele# 973-485-070
(Services provided in both English and Spanish):
- HUD Approved Housing Counseling Agency
- Foreclosure Prevention
- First-time Homebuyer Education and Pre-purchase Counseling
- Affordable Home-ownership Development
- Home Energy Assistance
- Weatherization Assistance
- Senior Citizens Heating and Cooling Program
La Casa de Don Pedro
Center for Education, career & Immigration
39 Broadway, 2nd Floor
Newark, NJ
Tele# 973-481-4713
Services Provided:
- “Newark 2020” Employment Hub
- LEAD Charter School
- Citizenship Preparation
- Immigration Assistance
- English as a Second Language
- Hispanic Women’s Resource Center
- Tech Training with Per Scholas
La Casa de Don Pedro
Youth & Family Resources Center
23 Broadway
Newark, NJ
Tele# 973-483-2703
Services Provided:
- Family Success Centers
- Emergency Housing Assistance
New Community Corporation (NCC)
Newark, NJ 07103
Website: http://www.newcommunity.org/
Contact: Tamara Brown, Financial Coach
Email: tamarabrown@newcommunity.org
Tele# 973-585-9648
For VITA please call to make appointments at: 973-565-9500
Services Provided:
- Financial Opportunity Center and BCO
- Financial Coaching
- Free Community Financial Capability Workshops
- Free Tax Preparation (VITA Site)
- Transitional Housing
- Senior Housing
- Credit Building Tools, Products and Resources
- Senior Citizen Heating & Cooling Program
- Home Energy Assistance
- Weatherization Assistance
Newark 20/20 HUB
Ironbound Community Corporation (ICC)
Contact: Marly Matos
Email: mmattos@ironboundcc.org
Tele# 973-465-0947, x408
(Services provided in both English and Spanish):
- Financial Opportunity Center and BCO
- Family Success Centers
- Financial Coaching
- Free Community Financial Capability Workshops
- Free Tax Preparation (VITA Site)
- Matched Savings Accounts
- Credit Building Tools, Products and Resources
- Home Energy Assistance
- Weatherization Assistance
Newark 20/20 HUB