Form 990 for tax year 2024
Filed by COMMUNITY LENDING PARTNERS OF NEW JERSEY INC.
Totals
- Total revenue
- $1,423,205
- Total expenses
- $842,225
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,408,911
- Investment income
- $14,294
- Other revenue
- $0
- Total assets, end of year
- $23,060,224
- Total liabilities, end of year
- $19,195,802
- Net assets or fund balances, end of year
- $3,864,422
- Program services expenses (Part IX)
- $832,716
- Management and general expenses
- $9,509
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $832,716
Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: LOAN INTEREST
total $1,402,351 · related or exempt $1,402,351
-
2b · Program service revenue: LOAN FEES
total $6,455 · related or exempt $6,455
-
2c · Program service revenue: OTHER FEES
total $105 · related or exempt $105
-
3 · Investment income
total $14,294 · excluded $14,294
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $31,703 · program services $26,948 · management and general $4,755
-
9 · Other employee benefits
total $7,368 · program services $6,263 · management and general $1,105
-
11c · Fees: accounting
total $17,565 · program services $14,930 · management and general $2,635
-
13 · Office expenses
total $6,726 · program services $5,717 · management and general $1,009
-
20 · Interest
total $778,830 · program services $778,830
-
24a · Other expenses: DUES AND MEMBERSHIPS
total $33 · program services $28 · management and general $5
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,690,357 · end of year $686,462
-
2 · Savings and temporary cash investments
beginning of year $317,843 · end of year $375,332
-
4 · Accounts receivable
beginning of year $96,415 · end of year $96,311
-
7 · Other notes and loans receivable
beginning of year $22,215,502 · end of year $21,902,119
-
17 · Accounts payable and accrued expenses
beginning of year $80,269 · end of year $93,177
-
19 · Deferred revenue
beginning of year $31,679 · end of year $28,398
-
24 · Unsecured notes and loans payable
beginning of year $19,117,265 · end of year $16,999,970
-
25 · Other liabilities
beginning of year $1,960,097 · end of year $2,074,257
-
27 · Net assets without donor restrictions
beginning of year $3,130,807 · end of year $3,864,422
Mission and programs · 2024
Mission
TO SUPPORT THE PUBLIC PURPOSES AND ACTIVITIES OF COMMUNITY LOAN FUND OF NEW JERSEY ("CLFNJ"), INC. THIS INCLUDES, BUT IS NOT LIMITED TO, PROVIDING FINANCING TO COMMUNITY DEVELOPMENT PROJECTS. FOR MORE INFORMATION, SEE SCHEDULE O. TO SUPPORT THE PUBLIC PURPOSES AND ACTIVITIES OF COMMUNITY LOAN FUND OF NEW JERSEY ("CLFNJ"), INC. THIS INCLUDES, BUT IS NOT LIMITED TO, PROVIDING FINANCING TO COMMUNITY DEVELOPMENT PROJECTS, INCLUDING THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING, AND EXPANDING THE CAPITAL AVAILABLE FOR COMMUNITY AND ECONOMIC DEVELOPMENT INITIATIVES THROUGHOUT NEW JERSEY.
Activities or mission (Part I)
PROVIDE FINANCING TO COMMUNITY DEVELOPMENT PROJECTS IN NJ. SEE SCHEDULE O. PROVIDE FINANCING TO COMMUNITY DEVELOPMENT PROJECTS IN NJ, INCLUDING THE DEVELOPMENT & PRESERVATION OF AFFORDABLE HOUSING, EXPANDING THE CAPITAL AVAILABLE FOR COMMUNITY & ECONOMIC DEVELOPMENT.
-
COMMUNITY LENDING PARTNERS OF NEW JERSEY, INC. ("CLPNJ") TRANSFORMS AT-RISK COMMUNITIES THROUGH STRATEGIC INVESTMENTS OF CAPITAL AND KNOWLEDGE. CLPNJ IS AFFILIATED WITH COMMUNITY LOAN FUND OF NEW JERSEY AND SHARES THE SAME MISSION, BOARD, AND STAFF. SINCE ITS INCEPTION IN2004, CLPNJ HAS CLOSED 215 LOANS TOTALING OVER $102.5 MILLION, WHICH LEVERAGED $201 MILLION IN PUBLIC AND PRIVATE CAPITAL FOR HOUSING, ECONOMIC DEVELOPMENT AND COMMUNITY FACILITY PROJECTS THAT BENEFIT LOW-INCOME INDIVIDUALS AND COMMUNITIES. THESE INVESTMENTS HAVE CREATED OR PRESERVED: 306 HOUSING UNITS, 278 JOBS, 842 EDUCATION SEATS, 0 CHILDCARE SLOTS, AND OVER 336,992 SQUARE FEET OF COMMUNITY AND COMMERCIAL FACILITIES.
Expenses $832,716 · Revenue $1,408,911
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gregg B GunselmanGREGG B GUNSELMAN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Paul AlexanderPAUL ALEXANDER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Linwood L RobbinsLINWOOD L ROBBINS
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Bryan LongBRYAN LONG
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Michelle E RichardsonMICHELLE E RICHARDSON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Evan WeissEVAN WEISS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Lyneir RichardsonLYNEIR RICHARDSON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Sabrina N ConyersSABRINA N CONYERS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Rebecca GardyREBECCA GARDY
BOARD DIRECTOR (AS OF 03/19/25)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Bernel HallBERNEL HALL
PRESIDENT AND CEO
- Total calculated
- $750,909
- From this org
- $0
- From related orgs
- $722,475
- Other
- $28,434
- Hours/week
- 7 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $722,475 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $3,413 related
- Nontaxable benefits
- $0 + $25,021 related
- Filer's total
- $0 + $750,909 related
-
John D Allen IVJOHN D ALLEN IV
CHIEF FINANCIAL OFFICER
- Total calculated
- $340,796
- From this org
- $0
- From related orgs
- $328,591
- Other
- $12,205
- Hours/week
- 7 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $328,591 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $9,855 related
- Nontaxable benefits
- $0 + $2,350 related
- Filer's total
- $0 + $340,796 related
-
Melinda Colon-CoxMELINDA COLON-COX
GEN COUNSEL & CHIEF COMP O
- Total calculated
- $388,762
- From this org
- $0
- From related orgs
- $336,375
- Other
- $52,387
- Hours/week
- 7 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $336,375 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,275 related
- Nontaxable benefits
- $0 + $42,112 related
- Filer's total
- $0 + $388,762 related
-
Steven KaczynskiSTEVEN KACZYNSKI
CONTROLLER
- Total calculated
- $198,690
- From this org
- $0
- From related orgs
- $166,799
- Other
- $31,891
- Hours/week
- 7 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $166,799 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $5,165 related
- Nontaxable benefits
- $0 + $26,726 related
- Filer's total
- $0 + $198,690 related
-
Mark MurataMARK MURATA
CHIEF HUMAN RESOURCES OFFICER
- Total calculated
- $210,046
- From this org
- $0
- From related orgs
- $195,014
- Other
- $15,032
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $195,014 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $15,032 related
- Filer's total
- $0 + $210,046 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION OF ORGANIZATION'S CEO/EXECUTIVE DIRECTOR THE FILING ORGANIZATION DOES NOT HAVE AND/OR COMPENSATE ITS OWN CEO/EXECUTIVE DIRECTOR. INDIVIDUALS LISTED ON PART VII AS OFFICERS OF THE CORPORATION ARE EMPLOYEES OF A RELATED ORGANIZATION AND COMPENSATED THROUGH THE RESPECTIVE RELATED ORGANIZATION. THE METHOD USED BY THE RELATED ORGANIZATION FOR DETERMINING COMPENSATION FOR THESE INDIVIDUALS ARE: - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD - APPROVAL BY THE COMPENSATION COMMITTEE
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
COMMUNITY LOAN FUND OF NEW JERSEY INC
501(C)(3) · LENDING · NJ
-
COMMUNITY ASSET PRESERVATION CORPORATION
501(C)(3) · HOUSING · NJ · controlled entity
Directly controlled by CLFNJ INC
-
CAPC SUPPORTIVE NEEDS HOUSING INC
501(C)(3) · REAL ESTATE · NJ · controlled entity
Directly controlled by CAPC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
NJCC CDE 42 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 43 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 44 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 45 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 46 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 47 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 48 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 49 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 50 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 51 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 52 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 53 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 54 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 55 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 56 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE 57 LLC
N/A · INVESTMENT · NJ
-
NJCC CDE AMOS LLC
N/A · INVESTMENT · NJ
-
NJCC CDE BARTON LLC
N/A · INVESTMENT · NJ
-
NJCC CDE CAMPBELL LLC
N/A · INVESTMENT · NJ
-
NJCC CDE EAGLETON LLC
N/A · INVESTMENT · NJ
-
NJCC CDE EDISON LLC
N/A · INVESTMENT · NJ
-
NJCC CDE FIELD LLC
N/A · INVESTMENT · NJ
-
NJCC CDE GRIMESFARM LLC
N/A · INVESTMENT · NJ
-
NJCC CDE HAMILTON LLC
N/A · INVESTMENT · NJ
-
NJCC CDE HOUSTON LLC
N/A · INVESTMENT · NJ
-
NJCC CDE KILMER LLC
N/A · INVESTMENT · NJ
-
NJCC CDE LIVINGSTON LLC
N/A · INVESTMENT · NJ
-
NJCC CDE MORRIS LLC
N/A · INVESTMENT · NJ
-
NJCC CDE PARKER LLC
N/A · INVESTMENT · NJ
-
NJCC CDE PETERSON LLC
N/A · INVESTMENT · NJ
-
NJCC CDE ROBESON LLC
N/A · INVESTMENT · NJ
-
NJCC CDE SALEM LLC
N/A · INVESTMENT · NJ
-
NJCC CDE STOCKTON LLC
N/A · INVESTMENT · NJ
-
NJCC CDE WHITMAN LLC
N/A · INVESTMENT · NJ
-
NJCC CDE WILSON LLC
N/A · INVESTMENT · NJ
-
CAG MEMBERS FUND 1 LLC
N/A · MORTGAGES · DE
-
NJCC NJS COMMUNITY RESTORATION FUND II LLC
N/A · MORTGAGES · NJ
-
NJCC NYS COMMUNITY RESTORATION FUND II LLC
N/A · INVESTMENT · NY
-
PARRAMORE ASSET STABILIZATION FUND LLC
N/A · INVESTMENT · NJ
-
NJCC FUND 4 LLC
N/A · MORTGAGES · DE
-
NJCC FUND 5 LLC
N/A · MORTGAGES · DE
-
306 MLK MASTER TENANT LLC
N/A · REAL ESTATE · NJ
-
306 MLK BLVD URBAN RENEWAL COMPANY LLC
N/A · REAL ESTATE · NJ
-
CAPC ASSET STABILIZATION FUND 2 LLC
N/A · REAL ESTATE · NJ
-
CAPC NJ ASSET STABILIZATION FUND 1 LLC
N/A · REAL ESTATE · NJ
-
CAPC SFR HOME IMPACT FUND LLC
N/A · REAL ESTATE · NJ
-
CAPC USA FUND LLC
N/A · REAL ESTATE · DE
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
UNIVERSITY VENTURES INC
C · INVESTMENT · NJ · controlled entity
Directly controlled by CLFNJ
-
NJCC LMI MORTGAGE PLATFORM LLC
C · MORTGAGE LOAN · NJ · controlled entity
Directly controlled by CLFNJ
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202632259349301408
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