Nonprofits›Community Loan Fund Of New Jersey Inc

Community Improvement

Community Loan Fund Of New Jersey Inc

NEW BRUNSWICK, NJ

WebsiteView as a funder

Total revenue

$22.9M

Total expenses

$21.2M

Net assets

$74.7M

Grants received

$20.3M

77 grants

EIN

222872262

Tax year

2023

Mission

To transform at-risk communities through strategic investments capital and knowledge.

Financials

FY 2023

Revenue

Contributions & grants$10.1M
Program service revenue$12.5M
Investment income$282K
Other revenue$28K
Total revenue$22.9M

Expenses

Grants paid$1.0M
Salaries & benefits$6.0M
Fundraising$1.3M
Other expenses$14.2M
Total expenses$21.2M
Total assets$263.2M
Net assets$74.7M

People

25 listed

NameRoleCompensation

BERNEL HALL

PRESIDENT & CEO

Board

$484K

34 hrs/wk

MELINDA COLON-COX

GEN COUNSEL & CHIEF COMP OFF

Board

$297K

34 hrs/wk

JOHN D ALLEN IV

CHIEF FINANCIAL OFFICER

Board

$213K

33.5 hrs/wk

STEVEN KACZYNSKI

CONTROLLER

Board

$165K

34 hrs/wk

MARIA VIZCARRONDO

BOARD DIRECTOR (UNTIL 09/24)

Board

—

1 hrs/wk

PAUL ALEXANDER

VICE CHAIR

Board

—

1 hrs/wk

SABRINA N CONYERS

BOARD DIRECTOR (AS OF 01/24)

Board

—

1 hrs/wk

LYNEIR RICHARDSON

BOARD DIRECTOR

Board

—

1 hrs/wk

EVAN WEISS

BOARD DIRECTOR

Board

—

1 hrs/wk

GREGG B GUNSELMAN

BOARD CHAIR

Board

—

1 hrs/wk

MICHELLE E RICHARDSON

BOARD DIRECTOR

Board

—

1 hrs/wk

BRYAN LONG

SECRETARY

Board

—

1 hrs/wk

LINWOOD L ROBBINS

TREASURER

Board

—

1 hrs/wk

MARIE MASCHERIN

FORMER CHIEF OPERATING OFF

Staff

$290K

0

LEAH APGAR UNTIL 0224

MANAGING DIR, LENDING

Staff

$238K

30 hrs/wk

CARA PURCELL UNTIL 1223

MANAGING DIR, BUS INFRASTRUCTURE

Staff

$208K

34 hrs/wk

VARUN AGNIHOTRI

MANAGING DIR, PORTFOLIO MGMT

Staff

$188K

40 hrs/wk

RONALD WONG UNTIL 0324

PROGRAM DIR, ECONOMIC DEVELOPMENT

Staff

$165K

40 hrs/wk

VANESSA QUIJANO

DIRECTOR OF COMMUNICATIONS

Staff

$156K

35 hrs/wk

LAURA WALLICK

PROGRAM MANAGER, THRIVE SOUTH JERSEY

Staff

$151K

40 hrs/wk

MANUEL MALIXI

ASSISTANT CONTROLLER

Staff

$138K

5 hrs/wk

DAVID BLOOMBERG UNTIL 0624

DIRECTOR, LENDING PORTFOLIO MGMT

Staff

$136K

30 hrs/wk

COLLEEN VELEZ UNTIL 0524

DIRECTOR, RESOURCE DEVELOPMENT

Staff

$136K

35 hrs/wk

WALTER PRICE

COMMUNITY DEVELOPMENT LOAN OFFICER

Staff

$123K

40 hrs/wk

LEONARD F SZOT II

DIRECTOR, INFORMATION TECHNOLOGY

Staff

$119K

30 hrs/wk

Independent contractors

KPMG LLP

AUDIT AND TAX PREPARATION

$506K

CHERRY BEKAERT LLP

NEW MARKETS CONSULTING SERVICES

$245K

NEXT STREET FINANCIAL LLC

ADVISORY SERVICES

$180K

GIBBONS PC

LEGAL SERVICES

$162K

Grants received

Showing 77 of 77

FromAmountPurposeYear
THE ROBERT WOOD JOHNSON FOUNDATION
$189K
78054 MODIFYING NONPERFORMING MORTGAGE LOANS AND REINTRODUCING REAL-ESTATE-OWNED PROPERTIES TO INCREASE THE SUPPLY OF AFFORDABLE HOUSING IN NEW JERSEY
2024
TIDES FOUNDATION
$150K
HEALTHY INDIVIDUALS AND COMMUNITIES
2024
Princeton Area Community Foundation Inc
$100K
General
2024
THE BLACKBAUD GIVING FUND
$100K
GENERAL SUPPORT
2024
CROSS RIVER COMMUNITY FOUNDATION
$15K
GENERAL OPERATING SUPPORT
2024
NATIONAL PHILANTHROPIC TRUST
$7M
HEALTH
2023
NEIGHBORHOOD REINVESTMENT CORPORATION
$550K
GENERAL SUPPORT
2023
TD CHARITABLE FOUNDATION
$250K
NJCC STATEWIDE DOWN PAYMENT ASSISTANCE PROGRAM
2023
FULTON FORWARD FOUNDATION
$150K
Address Yourself Homeownership Program
2023
MERANCAS FOUNDATION INC
$100K
AFFORDABLE HOUSING INITIATIVE FOR OW
2023
The Bank of America Charitable Foundation Inc
$100K
PROGRAM/OPERATING SUPPORT
2023
NATIONAL FAIR HOUSING ALLIANCE
$44K
FUND COMMUNITY ACCESSIBILITY PROJECTS
2023
New Brunswick Tomorrow
$36K
NEIGHBORHOOD REVITALIZATION
2023
THE ROBERT WOOD JOHNSON FOUNDATION
$15K
78057 SUPPORTING THE EXPLORATION AND DEVELOPMENT OF THE BLACK BUSINESS ENTERPRISE CAPITAL FUND
2023
UCSB Charitable Foundation Inc
$15K
Assist in covering some of the costs of activities directly benefiting holistic support and pathways for low to moderate income households to become homeowners.
2023
CROSS RIVER COMMUNITY FOUNDATION
$10K
GENERAL OPERATING SUPPORT
2023
OCEANFIRST FOUNDATION
$6K
GENERAL OPERATING/FLEXIBLE SUPPORT GRANT
2023
OCEANFIRST FOUNDATION
$6K
GENERAL OPERATING/FLEXIBLE SUPPORT GRANT
2023
NEIGHBORHOOD REINVESTMENT CORPORATION
$563K
GENERAL SUPPORT
2022
THE ROBERT WOOD JOHNSON FOUNDATION
$450K
78055 CAPITALIZING THE NEWLY FORMED BLACK BUSINESS ENTERPRISE CAPITAL FUND
2022
THE ROBERT WOOD JOHNSON FOUNDATION
$320K
78054 MODIFYING NONPERFORMING MORTGAGE LOANS AND REINTRODUCING REAL-ESTATE-OWNED PROPERTIES TO INCREASE THE SUPPLY OF AFFORDABLE HOUSING IN NEW JERSEY
2022
TD CHARITABLE FOUNDATION
$250K
ADDRESS YOURSELF
2022
COMMUNITY FOUNDATION OF NEW JERSEY
$200K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2022
NATIONAL FAIR HOUSING ALLIANCE
$182K
FUND COMMUNITY ACCESSIBILITY PROJECTS
2022
THE ROBERT WOOD JOHNSON FOUNDATION
$138K
78057 SUPPORTING THE EXPLORATION AND DEVELOPMENT OF THE BLACK BUSINESS ENTERPRISE CAPITAL FUND
2022
The Bank of America Charitable Foundation Inc
$130K
PROGRAM/OPERATING SUPPORT
2022
THE BLACKBAUD GIVING FUND
$125K
GENERAL SUPPORT
2022
MERANCAS FOUNDATION INC
$100K
FINANCING AND PROGRAMS FOR AFFORDABL
2022
URBANPROMISE TRENTON INC
$71K
To support East Trenton Center's small home repairs program allowing current homeowners to make essential health and safety repairs to their home.
2022
COLUMBIA BANK FOUNDATION
$25K
CHARITABLE GIVING/GENERAL SUPPORT - NJCC'S LENDING STRATEGY
2022
The Bank of America Charitable Foundation Inc
$20K
PROGRAM/OPERATING SUPPORT
2022
New Brunswick Tomorrow
$5K
NEIGHBORHOOD
2022
NEIGHBORHOOD REINVESTMENT CORPORATION
$633K
GENERAL SUPPORT
2021
THE PRUDENTIAL FOUNDATION
$300K
DOWNTOWN NEWARK REVITALIZATION
2021
TD CHARITABLE FOUNDATION
$250K
RENTAL TO HOMEOWNERSHIP CONVERSION INITIATIVE
2021
The Bank of America Charitable Foundation Inc
$130K
OPERATIONAL SUPPORT
2021
THE BLACKBAUD GIVING FUND
$75K
GENERAL SUPPORT
2021
THE BLACKBAUD GIVING FUND
$75K
GENERAL SUPPORT
2021
The Bank of America Charitable Foundation Inc
$45K
OPERATIONAL SUPPORT
2021
New Brunswick Tomorrow
$11K
NEIGHBORHOOD REVITALIZATION
2021
The Bank of America Charitable Foundation Inc
$490
OPERATIONAL SUPPORT
2021
NEIGHBORHOOD REINVESTMENT CORPORATION
$637K
GENERAL SUPPORT
2020
THE ROBERT WOOD JOHNSON FOUNDATION
$500K
78055 Capitalizing the newly formed Black Business
2020
THE ROBERT WOOD JOHNSON FOUNDATION
$500K
78055 Capitalizing the newly formed Black Business
2020
THE ROBERT WOOD JOHNSON FOUNDATION
$470K
78054 Modifying nonperforming mortgage loans and r
2020
THE ROBERT WOOD JOHNSON FOUNDATION
$470K
78054 Modifying nonperforming mortgage loans and r
2020
THE ROBERT WOOD JOHNSON FOUNDATION
$302K
76116 Supporting the Partnership to Invest in Tran
2020
THE ROBERT WOOD JOHNSON FOUNDATION
$302K
76116 Supporting the Partnership to Invest in Tran
2020
JPMORGAN CHASE FOUNDATION
$250K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2020
THE ROBERT WOOD JOHNSON FOUNDATION
$154K
78057 Supporting the exploration and development o
2020
THE ROBERT WOOD JOHNSON FOUNDATION
$154K
78057 Supporting the exploration and development o
2020
TD CHARITABLE FOUNDATION
$150K
PARRAMORE RENTAL ASSISTANCE INITIATIVE
2020
OPPORTUNITY FINANCE NETWORK
$125K
SMALL BUSINESS GRANT
2020
The Bank of America Charitable Foundation Inc
$100K
GENERAL SUPPORT
2020
THE GOLDMAN SACHS FOUNDATION
$100K
GRANT TO SUPPORT COVID-19 RELIEF EFFORTS IN NJ.
2020
OPPORTUNITY FINANCE NETWORK
$75K
RENEWABLE ENERGY EFFICIENT GRANT
2020
Princeton Area Community Foundation Inc
$70K
Covid-19 Relief & Recovery Fund
2020
New Brunswick Tomorrow
$55K
NEIGHBORHOOD REVITALIZATION
2020
The Bank of America Charitable Foundation Inc
$50K
GENERAL SUPPORT
2020
The Bank of America Charitable Foundation Inc
$50K
GENERAL SUPPORT
2020
COMMUNITY FOUNDATION OF NEW JERSEY
$25K
GENERAL SUPPORT
2020
AMERICAN ONLINE GIVING FOUNDATION INC
$25K
GENERAL SUPPORT
2020
WELLS FARGO REGIONAL COMMUNITY
$10K
COVID RESPONSE GRANT
2020
JPMORGAN CHASE FOUNDATION
$600
GENERAL OPERATING SUPPORT
2020
NEIGHBORHOOD REINVESTMENT CORPORATION
$741K
—
2019
JPMORGAN CHASE FOUNDATION
$250K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2019
TD CHARITABLE FOUNDATION
$200K
GARDEN STATE RELIEF FUND
2019
TD CHARITABLE FOUNDATION
$125K
PRESERVING SUPPORTIVE RENTAL HOUSING
2019
New Brunswick Tomorrow
$88K
NEIGHBORHOOD REVITALIZATION
2019
NEIGHBORHOOD REINVESTMENT CORPORATION
$11K
—
2019
Princeton Area Community Foundation Inc
$8K
RWJF Learning
2019
JPMORGAN CHASE FOUNDATION
$500
GENERAL OPERATING SUPPORT
2019
NEIGHBORHOOD REINVESTMENT CORPORATION
$690K
UNRESTRICTED
2018
The Bank of America Charitable Foundation Inc
$70K
PROGRAM/OPERATING SUPPORT
2018
CAPITAL ONE FOUNDATION INC
$30K
LENDING AND INVESTING IN NEWARK
2018
JPMORGAN CHASE FOUNDATION
$150
GENERAL OPERATING SUPPORT
2018
NEIGHBORHOOD REINVESTMENT CORPORATION
$565K
EXPENDABLE GRANTS
2017

Funded by

$20.3M from 25 funders · 77 grants · 2017–2024

National Philanthropic Trust

$7M · 1 grant · 2023

Neighborhood Reinvestment Corporation

$4.4M · 8 grants · 2017–2023

The Robert Wood Johnson Foundation

$4.0M · 13 grants · 2020–2024

Td Charitable Foundation

$1.2M · 6 grants · 2019–2023

The Bank of America Charitable Foundation Inc

$695K · 10 grants · 2018–2023

Jpmorgan Chase Foundation

$501K · 5 grants · 2018–2020

The Blackbaud Giving Fund

$375K · 4 grants · 2021–2024

The Prudential Foundation

$300K · 1 grant · 2021

Details

EIN222872262
NTEE codeS120
Subsection03
Ruling date1988-05
Formed1987
Employees75
Volunteers14
COMMUNITY LOAN FUND OF NEW JERSEY INC — Mission, Financials & Grants Received | Grantivo