Complex sentence: The college, originally established in 1938 in New Jersey and located for many years in New York until it went bankrupt in 1994, was re-established by Campus Crusade for Christ and relocated to New York City in 1999.
Split into simpler sentences: The college, originally founded in 1938 in New Jersey and located for many years in New York, went bankrupt in 1994. It was re-established in 1999 by Campus Crusade for Christ and relocated to New York City in 1999.