EIN 22-2872262

Community Loan Fund of New Jersey

IRS 501(c) type
501(c)(3)
Num. employees
98
Year formed
1987
Most recent tax filings
2022-09-01
Description
Community Loan Fund of New Jersey transforms at-risk communities through strategic investments, capital, and knowledge. It operates as an urban, community economic development organization that is run by Bernel Hall.
Total revenues
$18,328,900
2022
Total expenses
$16,940,665
2022
Total assets
$225,755,323
2022
Num. employees
98
2022

Program areas at Community Loan Fund of New Jersey

Community Loan Fund of New Jersey (clfnj) transforms at-risk communities through strategic investments of capital and knowledge. See schedule o.

Grants made by Community Loan Fund of New Jersey

GranteeGrant descriptionAmount
Community Asset Preservation CorporationRehabilitation of Homes$2,132,307
Urbanpromise TrentonYouth Employment Programs$334,887
Greater Newark Enterprises CorporationTechnical Assistance$50,000
...and 1 more grant made

Who funds Community Loan Fund of New Jersey

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NeighborWorks AmericaGeneral Support$632,500
TD Charitable FoundationAddress Yourself$250,000
Community Foundation of New JerseyUnrestricted Grant To Support Organization's Exempt Purpose$200,000
...and 7 more grants received

Personnel at Community Loan Fund of New Jersey

NameTitleCompensation
Bernel HallPresident and Chief Executive Officer$56,557
Marie MascherinChief Operating Officer / Chief Lending Officer$255,677
Jacqueline RobinsonChief Financial Officer and Interim President / Interim President and Chief Financial Officer$281,386
Jorge CruzChief Exterbal Affairs Officer / Chief External Affairs Officer$161,023
Leah ApgarManager Director and Lending Team Leader / Lending Team Leader / Managing Director , Lending Programs / Managing Director of Lending$168,216
...and 12 more key personnel

Financials for Community Loan Fund of New Jersey

RevenuesFYE 09/2022
Total grants, contributions, etc.$9,319,279
Program services$8,151,553
Investment income and dividends$663,632
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$5,369
Net gain from sale of non-inventory assets$189,067
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$18,328,900

Form 990s for Community Loan Fund of New Jersey

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-14990View PDF
2021-092022-08-11990View PDF
2020-092021-08-12990View PDF
2019-092020-10-08990View PDF
2018-092019-10-18990View PDF
...and 9 more Form 990s

Organizations like Community Loan Fund of New Jersey

OrganizationLocationRevenue
Accion Opportunity Fund Community DevelopmentSan Jose, CA$58,948,332
Coastal Enterprises (CEI)Brunswick, ME$13,614,519
Locus Impact FundChristiansburg, VA$9,556,651
Mountain AssociationBerea, KY$6,043,653
I2eOklahoma City, OK$9,581,488
Florida Community Loan Fund (FCLF)Orlando, FL$9,380,993
The Reinvestment Fund (TRF)Philadelphia, PA$54,478,225
The national Development councilNew York, NY$35,945,507
Low Income Investment Fund (LIIF)San Francisco, CA$61,156,061
Valley PartnersYoungstown, OH$7,559,367
Data update history
May 19, 2024
Received grants
Identified 3 new grant, including a grant for $250,000 from TD Charitable Foundation
December 31, 2023
Received grants
Identified 4 new grant, including a grant for $250,000 from TD Charitable Foundation
September 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 29, 2023
Updated personnel
Identified 3 new personnel
September 27, 2023
Received grants
Identified 7 new grant, including a grant for $632,500 from NeighborWorks America
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
LobbyingState / local levelReceives government fundingGala fundraisersTax deductible donations
General information
Address
100 Albany St Suite 250
New Brunswick, NJ 08901
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Middlesex County, NJ
Website URL
newjerseycommunitycapital.org/ 
Phone
(732) 640-2061
Facebook page
newjerseycommunitycapital 
Twitter profile
@njclf 
IRS details
EIN
22-2872262
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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