Form 990 for tax year 2023
Filed by COMMUNITY LOAN FUND OF NEW JERSEY INC.
Totals
- Total revenue
- $22,945,953
- Total expenses
- $21,240,082
- Contributions and grants received
- $10,085,743
- Grants paid
- $1,000,855
- Program service revenue
- $12,549,821
- Investment income
- $282,035
- Other revenue
- $28,354
- Total assets, end of year
- $263,186,710
- Total liabilities, end of year
- $188,486,129
- Net assets or fund balances, end of year
- $74,700,581
- Program services expenses (Part IX)
- $17,768,606
- Management and general expenses
- $2,218,859
- Fundraising expenses
- $1,252,617
- Program service expenses (Part III)
- $17,768,606
Program services were 83.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
GREGG B GUNSELMAN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
PAUL ALEXANDER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
LINWOOD L ROBBINS
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
BRYAN LONG
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
MICHELLE E RICHARDSON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
EVAN WEISS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LYNEIR RICHARDSON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
SABRINA N CONYERS
BOARD DIRECTOR (AS OF 01/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
MARIA VIZCARRONDO
BOARD DIRECTOR (UNTIL 09/24)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
BERNEL HALL
PRESIDENT & CEO
- Total calculated
- $522,367
- From this org
- $483,854
- From related orgs
- $0
- Other
- $38,513
- Hours/week
- 34 + 16 related
Schedule J breakdown matched by us
- Base
- $483,854
- Bonus
- $0
- Other
- $0
- Deferred
- $9,900
- Nontaxable benefits
- $28,613
- Filer's total
- $522,367
-
JOHN D ALLEN IV
CHIEF FINANCIAL OFFICER
- Total calculated
- $213,651
- From this org
- $212,695
- From related orgs
- $0
- Other
- $956
- Hours/week
- 33.5 + 16.5 related
Schedule J breakdown matched by us
- Base
- $212,695
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $956
- Filer's total
- $213,651
-
MELINDA COLON-COX
GEN COUNSEL & CHIEF COMP OFF
- Total calculated
- $354,845
- From this org
- $296,976
- From related orgs
- $0
- Other
- $57,869
- Hours/week
- 34 + 16 related
Schedule J breakdown matched by us
- Base
- $296,976
- Bonus
- $0
- Other
- $0
- Deferred
- $5,881
- Nontaxable benefits
- $51,988
- Filer's total
- $354,845
-
STEVEN KACZYNSKI
CONTROLLER
- Total calculated
- $182,516
- From this org
- $165,377
- From related orgs
- $0
- Other
- $17,139
- Hours/week
- 34 + 16 related
Schedule J breakdown matched by us
- Base
- $165,377
- Bonus
- $0
- Other
- $0
- Deferred
- $4,419
- Nontaxable benefits
- $12,720
- Filer's total
- $182,516
-
LEAH APGAR UNTIL 0224
MANAGING DIR, LENDING
- Total calculated
- $244,783
- From this org
- $238,159
- From related orgs
- $0
- Other
- $6,624
- Hours/week
- 30 + 20 related
Schedule J breakdown matched by us
- Base
- $238,159
- Bonus
- $0
- Other
- $0
- Deferred
- $6,119
- Nontaxable benefits
- $505
- Filer's total
- $244,783
-
CARA PURCELL UNTIL 1223
MANAGING DIR, BUS INFRASTRUCTURE
- Total calculated
- $214,914
- From this org
- $208,124
- From related orgs
- $0
- Other
- $6,790
- Hours/week
- 34 + 16 related
Schedule J breakdown matched by us
- Base
- $208,124
- Bonus
- $0
- Other
- $0
- Deferred
- $5,487
- Nontaxable benefits
- $1,303
- Filer's total
- $214,914
-
VARUN AGNIHOTRI
MANAGING DIR, PORTFOLIO MGMT
- Total calculated
- $236,250
- From this org
- $187,664
- From related orgs
- $0
- Other
- $48,586
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,664
- Bonus
- $0
- Other
- $0
- Deferred
- $1,943
- Nontaxable benefits
- $46,643
- Filer's total
- $236,250
-
RONALD WONG UNTIL 0324
PROGRAM DIR, ECONOMIC DEVELOPMENT
- Total calculated
- $216,519
- From this org
- $164,923
- From related orgs
- $0
- Other
- $51,596
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,923
- Bonus
- $0
- Other
- $0
- Deferred
- $4,580
- Nontaxable benefits
- $47,016
- Filer's total
- $216,519
-
VANESSA QUIJANO
DIRECTOR OF COMMUNICATIONS
- Total calculated
- $173,381
- From this org
- $156,126
- From related orgs
- $0
- Other
- $17,255
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $156,126
- Bonus
- $0
- Other
- $0
- Deferred
- $2,325
- Nontaxable benefits
- $14,930
- Filer's total
- $173,381
-
LAURA WALLICK
PROGRAM MANAGER, THRIVE SOUTH JERSEY
- Total calculated
- $155,574
- From this org
- $151,031
- From related orgs
- $0
- Other
- $4,543
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,031
- Bonus
- $0
- Other
- $0
- Deferred
- $4,187
- Nontaxable benefits
- $356
- Filer's total
- $155,574
-
MANUEL MALIXI
ASSISTANT CONTROLLER
- Total calculated
- $145,400
- From this org
- $137,958
- From related orgs
- $0
- Other
- $7,442
- Hours/week
- 5 + 35 related
-
DAVID BLOOMBERG UNTIL 0624
DIRECTOR, LENDING PORTFOLIO MGMT
- Total calculated
- $141,920
- From this org
- $136,302
- From related orgs
- $0
- Other
- $5,618
- Hours/week
- 30 + 10 related
-
COLLEEN VELEZ UNTIL 0524
DIRECTOR, RESOURCE DEVELOPMENT
- Total calculated
- $157,449
- From this org
- $135,693
- From related orgs
- $0
- Other
- $21,756
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $135,693
- Bonus
- $0
- Other
- $0
- Deferred
- $1,438
- Nontaxable benefits
- $20,318
- Filer's total
- $157,449
-
WALTER PRICE
COMMUNITY DEVELOPMENT LOAN OFFICER
- Total calculated
- $127,112
- From this org
- $123,409
- From related orgs
- $0
- Other
- $3,703
- Hours/week
- 40
-
LEONARD F SZOT II
DIRECTOR, INFORMATION TECHNOLOGY
- Total calculated
- $134,038
- From this org
- $119,491
- From related orgs
- $0
- Other
- $14,547
- Hours/week
- 30 + 10 related
-
MARIE MASCHERIN
FORMER CHIEF OPERATING OFF
- Total calculated
- $291,692
- From this org
- $290,435
- From related orgs
- $0
- Other
- $1,257
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $165,435
- Bonus
- $0
- Other
- $125,000
- Deferred
- $0
- Nontaxable benefits
- $1,257
- Filer's total
- $291,692
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
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 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 4A
- THE CHIEF OPERATING OFFICER RECEIVED A SEVERANCE PACKAGE. A TOTAL OF $125,000 WAS EXPENSED BY CLF, OF WHICH $62,500 WAS PAID IN FY23 AND $62,500 WAS PAID IN FY24.
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
-
NJCC LMI MORTGAGE PLATFORM LLC
$453,000
DOWNPAYMENT ASSISTANCE
-
$272,690
YOUTH EMPLOYMENT PROGRAMS
-
CONSTRUCTION OF AFFORDABLE HOUSING
-
$136,831
YOUTH EMPLOYMENT PROGRAMS, SMALL HOMES REPAIRS ASSISTANCE
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 LENDING PARTNERS OF NEW JERSEY INC
501(C)(3) · SUPPORT ORGANIZATION · NJ · controlled entity
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
-
COMMUNITY ASSET PRESERVATION CORPORATION
501(C)(3) · HOUSING · NJ · controlled entity
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
-
CAPC SUPPORTIVE NEEDS HOUSING INC
501(C)(3) · REAL ESTATE · NJ · controlled entity
Directly controlled by COMMUNITY ASSET PRESERVATION CORPORATION
-
501(C)(3) · REHABILITATION · NJ · controlled entity
Directly controlled by 60 SOUTH FULLERTON LLC
-
MILLS MEMORIAL SOCIAL SERVICES BUILDING INC
501(C)(3) · REAL ESTATE · NJ · controlled entity
Directly controlled by COMMUNITY ASSET PRESERVATION CORPORATION
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
NATIONAL COMMUNITY CAPITAL HOLDINGS LLC
MORTGAGE LOAN · DE · income $63,103 · assets $466,706
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
-
MORTGAGE LOAN · NJ · income $51,732 · assets $588,510
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
-
REAL ESTATE · NJ · income -$679,322 · assets -$1,855,296
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
-
NATIONAL COMMUNITY CAPITAL III LLC
MORTGAGE LOAN · DE · income $682 · assets $408,794
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
-
NJCC SUPPORTIVE HOUSING FUND LLC
LENDING · NJ · income $110,921 · assets $9,065,951
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
-
LENDING · NJ · income -$2,507,519 · assets -$2,035,866
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
-
LENDING · NJ · income -$200,000 · assets -$237,131
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
-
NJCC EAST TRENTON LIBRARY PROJECT LLC
REAL ESTATE · NJ · income -$2,159,383 · assets -$11,644
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $7 · share of assets $1,000 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $4 · share of assets $500 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $5 · share of assets $700 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $40 · share of assets $1,000 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $4 · share of assets $1,102 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $3 · share of assets $1,100 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $5 · share of assets $800 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $7 · share of assets $8 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $4 · share of assets $700 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $32 · share of assets $1,106 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $27 · share of assets $806 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $6 · share of assets $801 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $54 · share of assets $1,300 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $13 · share of assets $1,053 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $10 · share of assets $1,053 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income -$9 · share of assets $489 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $5 · share of assets $1,004 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $29 · share of assets $703 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $8 · share of assets $1,051 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $9 · share of assets $1,076 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $3 · share of assets $522 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $17 · share of assets $901 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $10 · share of assets $10 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $35 · share of assets $883 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · NJ · 0.01% owned · share of income $38 · share of assets $803 · general or managing partner
Directly controlled by CLFNJ
-
306 MLK BLVD URBAN RENEWAL COMPANY LLC
RELATED · REAL ESTATE · NJ
Directly controlled by CLFNJ
-
CAPC ASSET STABILIZATION FUND 2 LLC
RELATED · INVESTMENT · NJ · 27.17% owned · share of income $29,688 · share of assets $2,728,689
-
CAPC ASSET STABILIZATION FUND 1 LLC
RELATED · REAL ESTATE · NJ
-
RELATED · REAL ESTATE · NJ
-
RELATED · REAL ESTATE · DE
-
EQUITABLE SMALL BUSINESS INITIATIVE LLC
RELATED · LENDING · NJ · 50% owned · share of income $137,477 · share of assets $2,390,143 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · INVESTMENT · DE · 5% owned · share of income -$33,621 · share of assets -$192,516 · general or managing partner
Directly controlled by CLFNJ
-
NJCC NJS COMMUNITY RESTORATION FUND II LLC
RELATED · MORTGAGES · NJ · 99% owned · general or managing partner
Directly controlled by CLFNJ
-
PARRAMORE ASSET STABILIZATION FUND LLC
RELATED · INVESTMENT · NJ · 33.33% owned · share of income -$113,483 · share of assets $651,697 · general or managing partner
Directly controlled by CLFNJ
-
RELATED · REAL ESTATE · FL
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
NJCC LMI MORTGAGE PLATFORM LLC
C · MORTGAGE LOAN · NJ · 100% owned · share of income $58,157 · share of assets $1,578,262
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
-
C · INVESTMENT · NJ · 99.32% owned · share of income $178,857 · share of assets $1,840,584
Directly controlled by COMMUNITY LOAN FUND OF NEW JERSEY INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202542269349300429
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