Form 990 for tax year 2022
Filed by COMMUNITY LENDING PARTNERS OF NEW JERSEY INC.
Totals
- Total revenue
- $1,103,829
- Total expenses
- $947,884
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,079,326
- Investment income
- $24,503
- Other revenue
- $0
- Total assets, end of year
- $24,141,125
- Total liabilities, end of year
- $21,798,129
- Net assets or fund balances, end of year
- $2,342,996
- Program services expenses (Part IX)
- $920,017
- Management and general expenses
- $27,867
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $920,017
Program services were 97.1% 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 $1,062,399 · related or exempt $1,062,399
-
2b · Program service revenue: LOAN FEES
total $16,927 · related or exempt $16,927
-
3 · Investment income
total $24,503 · excluded $24,503
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $139,813 · program services $118,841 · management and general $20,972
-
9 · Other employee benefits
total $28,400 · program services $24,140 · management and general $4,260
-
11c · Fees: accounting
total $17,564 · program services $14,929 · management and general $2,635
-
11g · Fees: other
total $27 · program services $27
-
20 · Interest
total $762,080 · program services $762,080
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,041,797 · end of year $2,114,486
-
2 · Savings and temporary cash investments
beginning of year $171,113 · end of year $233,216
-
4 · Accounts receivable
beginning of year $46,303 · end of year $108,979
-
7 · Other notes and loans receivable
beginning of year $9,604,474 · end of year $21,684,444
-
17 · Accounts payable and accrued expenses
beginning of year $83,932 · end of year $91,083
-
19 · Deferred revenue
beginning of year $52,699 · end of year $55,394
-
24 · Unsecured notes and loans payable
beginning of year $18,845,615 · end of year $21,375,231
-
25 · Other liabilities
beginning of year $191,880 · end of year $276,421
-
27 · Net assets without donor restrictions
beginning of year $2,689,561 · end of year $2,342,996
Mission and programs · 2022
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: 828 HOUSING UNITS, 377 JOBS , 3,339 EDUCATION SEATS, 552 CHILDCARE SLOTS, AND OVER 496,301 SQUARE FEET OF COMMUNITY AND COMMERCIAL FACILITIES.
Expenses $920,017 · Revenue $1,079,326
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alle RiesALLE RIES
BOARD CHAIR TRM 9/22
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Michelle E RichardsonMICHELLE E RICHARDSON
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Gregg B GunselmanGREGG B GUNSELMAN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Maria VizcarrondoMARIA VIZCARRONDO
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Evan WeissEVAN WEISS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Linwood L RobbinsLINWOOD L ROBBINS
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bryan LongBRYAN LONG
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Pilar Hogan CloskeyPILAR HOGAN CLOSKEY
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Lyneir RichardsonLYNEIR RICHARDSON
BOARD DIRECTOR BEG 10/22
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Paul AlexanderPAUL ALEXANDER
BOARD DIRECTOR BEG 4/23
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Bernel HallBERNEL HALL
PRESIDENT AND CEO
- Total calculated
- $331,633
- From this org
- $0
- From related orgs
- $307,428
- Other
- $24,205
- Hours/week
- 7 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $307,428 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $24,205 related
- Filer's total
- $0 + $331,633 related
-
Marie MascherinMARIE MASCHERIN
CHIEF OPERATING OFF TRM 6/23
- Total calculated
- $291,656
- From this org
- $0
- From related orgs
- $282,289
- Other
- $9,367
- Hours/week
- 7 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $282,289 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $8,400 related
- Nontaxable benefits
- $0 + $967 related
- Filer's total
- $0 + $291,656 related
-
Steven KaczynskiSTEVEN KACZYNSKI
CONTROLLER
- Total calculated
- $178,197
- From this org
- $0
- From related orgs
- $136,989
- Other
- $41,208
- Hours/week
- 7 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $136,989 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $4,335 related
- Nontaxable benefits
- $0 + $36,873 related
- Filer's total
- $0 + $178,197 related
-
Jacqueline RobinsonJACQUELINE ROBINSON
CHIEF FINANCIAL OFF TRM 5/22
- Total calculated
- $290,902
- From this org
- $0
- From related orgs
- $280,026
- Other
- $10,876
- Hours/week
- 7 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $280,026 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $10,876 related
- Filer's total
- $0 + $290,902 related
-
Melinda Colon-CoxMELINDA COLON-COX
GEN COUNSEL & CHIEF COMP OFF
- Total calculated
- $195,121
- From this org
- $0
- From related orgs
- $174,155
- Other
- $20,966
- Hours/week
- 7 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $174,155 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $20,966 related
- Filer's total
- $0 + $195,121 related
-
Mark MunleyMARK MUNLEY
DIR OF SPEC PROJ & GOV TRM 10/22
- Total calculated
- $222,959
- From this org
- $0
- From related orgs
- $179,249
- Other
- $43,710
- Hours/week
- 7 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $179,249 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $43,710 related
- Filer's total
- $0 + $222,959 related
-
Leah ApgarLEAH APGAR
MANAGING DIRECTOR, LENDING
- Total calculated
- $191,421
- From this org
- $0
- From related orgs
- $185,146
- Other
- $6,275
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $185,146 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $5,520 related
- Nontaxable benefits
- $0 + $755 related
- Filer's total
- $0 + $191,421 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
-
MILLS MEMORIAL SOCIAL SERVICES BUILDING INC
501(C)(3) · REAL ESTATE · NJ · controlled entity
Directly controlled by CAPC
-
UWNNJ MONTCLAIR LLC
501(C)(3) · REHABILITATION · NJ · controlled entity
Directly controlled by 60 SOUTH FULLERTON LLC
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 CAMDEN LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE MIDDLESEX LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE OCEAN LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE CUMBERLAND LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE MONMOUTH LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE PASSAIC LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE BARTON LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE EDISON LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE HAMILTON LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE STOCKTON LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE WHITMAN LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE WILSON LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE KILMER LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE LIVINGSTON LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE MORRIS LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE CAMPBELL LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE EAGLETON LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE PARKER LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE ROBESON LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE SALEM LLC
RELATED · INVESTMENT · NJ · 99.99% owned · share of income $17 · share of assets $903
-
NJCC CDE AMOS LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE FIELD LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE HOUSTON LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE PETERSON LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE GRIMESFARM LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE 42 LLC
RELATED · INVESTMENT · NJ · 99.99% owned · share of income $7 · share of assets $1,000
-
NJCC CDE 43 LLC
RELATED · INVESTMENT · NJ · 99.99% owned · share of income $1 · share of assets $500
-
NJCC CDE 44 LLC
RELATED · INVESTMENT · NJ · 99.99% owned · share of income $3 · share of assets $700
-
NJCC CDE 45 LLC
RELATED · INVESTMENT · NJ · 99.99% owned · share of income $1 · share of assets $1,001
-
NJCC CDE 46 LLC
RELATED · INVESTMENT · NJ · 99.99% owned
-
CAPC ASSET STABILIZATION FUND 2 LLC
RELATED · REAL ESTATE · NJ
-
PARRAMORE ASSET STABILIZATION FUND LLC
RELATED · REAL ESTATE · NJ
-
306 MLK URBAN RENEWAL COMPANY LLC
RELATED · REAL ESTATE · NJ
-
CAPC USA FUND LLC
RELATED · REAL ESTATE · NJ
-
CAPC SFR HOME IMPACT FUND LLC
RELATED · REAL ESTATE · NJ
-
EQUITABLE SMALL BUSINESS INITIATIVE LLC
RELATED · LENDING · NJ
-
WPB ARTS HOUSING LLC
RELATED · REAL ESTATE · FL
-
NJCC NJS COMMUNITY RESTORATION FUND II LLC
RELATED · MORTGAGES · NJ
-
NJCC CDE 47 LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE 48 LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE 49 LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE 50 LLC
RELATED · INVESTMENT · NJ
-
NJCC CDE 51 LLC
RELATED · INVESTMENT · NJ
-
NJCC FUND 5 LLC
RELATED · MORTGAGES · DE
-
NJCC FUND 4 LLC
RELATED · MORTGAGES · DE
-
NJCC FUND MM INVEST LLC
RELATED · INVESTMENT · 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
- 2022
- Filed
- 15 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202432289349301393
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