Community Loan Fund of New Jersey Inc
TO TRANSFORM AT-RISK COMMUNITIES THROUGH STRATEGIC INVESTMENTS OF CAPITAL AND KNOWLEDGE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$263.2M
+17.1% YoY
Annual Giving
$1.0M
+304.5% YoY
Grant Count
4
+300.0% YoY
Avg Grant Size
$250K
+1.1% YoY
About Community Loan Fund of New Jersey Inc
Based on IRS filings
Community Loan Fund of New Jersey Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEW BRUNSWICK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $263.2M in total assets. In 2024, it awarded 4 grants totaling $1.0M. Net investment income was $282K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $263,186,710 | $224,707,415 | $225,755,323 |
| Revenue | $22,945,953 | $19,077,899 | $18,328,900 |
| Expenses | $21,240,082 | $18,059,409 | $16,940,665 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $282,035 | $2,603,174 | $852,699 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Open Grants
1 open opportunity from Community Loan Fund of New Jersey Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Njcc Lmi Mortgage Platform Llc ($453,000), Urban Promise Trenton ($272,690), Community Asset Preservation Corporation ($138,333).
| Recipient | Purpose | Amount |
|---|---|---|
| NJCC LMI MORTGAGE PLATFORM LLC NEW BRUNSWICK, NJ | DOWNPAYMENT ASSISTANCE | $453,000 |
| URBAN PROMISE TRENTON TRENTON, NJ | YOUTH EMPLOYMENT PROGRAMS | $272,690 |
| COMMUNITY ASSET PRESERVATION CORPORATION NEW BRUNSWICK, NJ | CONSTRUCTION OF AFFORDABLE HOUSING | $138,333 |
| ISLES INC TRENTON, NJ | YOUTH EMPLOYMENT PROGRAMS, SMALL HOMES REPAIRS ASSISTANCE | $136,831 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GREGG B GUNSELMAN | BOARD CHAIR | 1 | — |
| PAUL ALEXANDER | VICE CHAIR | 1 | — |
| LINWOOD L ROBBINS | TREASURER | 1 | — |
| BRYAN LONG | SECRETARY | 1 | — |
| MICHELLE E RICHARDSON | BOARD DIRECTOR | 1 | — |
| EVAN WEISS | BOARD DIRECTOR | 1 | — |
| LYNEIR RICHARDSON | BOARD DIRECTOR | 1 | — |
| SABRINA N CONYERS | BOARD DIRECTOR (AS OF 01/24) | 1 | — |
| MARIA VIZCARRONDO | BOARD DIRECTOR (UNTIL 09/24) | 1 | — |
| BERNEL HALL | PRESIDENT & CEO | 34 | $483,854 |
| JOHN D ALLEN IV | CHIEF FINANCIAL OFFICER | 33.5 | $212,695 |
| MELINDA COLON-COX | GEN COUNSEL & CHIEF COMP OFF | 34 | $296,976 |
| STEVEN KACZYNSKI | CONTROLLER | 34 | $165,377 |
| LEAH APGAR UNTIL 0224 | MANAGING DIR, LENDING | 30 | $238,159 |
| CARA PURCELL UNTIL 1223 | MANAGING DIR, BUS INFRASTRUCTURE | 34 | $208,124 |
| VARUN AGNIHOTRI | MANAGING DIR, PORTFOLIO MGMT | 40 | $187,664 |
| RONALD WONG UNTIL 0324 | PROGRAM DIR, ECONOMIC DEVELOPMENT | 40 | $164,923 |
| VANESSA QUIJANO | DIRECTOR OF COMMUNICATIONS | 35 | $156,126 |
| LAURA WALLICK | PROGRAM MANAGER, THRIVE SOUTH JERSEY | 40 | $151,031 |
| MANUEL MALIXI | ASSISTANT CONTROLLER | 5 | $137,958 |
| DAVID BLOOMBERG UNTIL 0624 | DIRECTOR, LENDING PORTFOLIO MGMT | 30 | $136,302 |
| COLLEEN VELEZ UNTIL 0524 | DIRECTOR, RESOURCE DEVELOPMENT | 35 | $135,693 |
| WALTER PRICE | COMMUNITY DEVELOPMENT LOAN OFFICER | 40 | $123,409 |
| LEONARD F SZOT II | DIRECTOR, INFORMATION TECHNOLOGY | 30 | $119,491 |
| MARIE MASCHERIN | FORMER CHIEF OPERATING OFF | — | $290,435 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Community Loan Fund of New Jersey Inc?
Community Loan Fund of New Jersey Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEW BRUNSWICK, NJ. It holds $263.2M in total assets as of 2024.
How large is Community Loan Fund of New Jersey Inc?
As of 2024, Community Loan Fund of New Jersey Inc holds $263.2M in total assets with $22.9M in annual revenue. It awarded 4 grants totaling $1.0M in 2024.
Where does Community Loan Fund of New Jersey Inc operate?
Community Loan Fund of New Jersey Inc has awarded grants in New Jersey.
What size grants does Community Loan Fund of New Jersey Inc award?
In 2024, Community Loan Fund of New Jersey Inc awarded 4 grants totaling $1.0M — an average of about $250K per grant, based on its IRS Form 990 filings.
What is Community Loan Fund of New Jersey Inc's EIN?
Community Loan Fund of New Jersey Inc's EIN (Employer Identification Number) is 22-2872262. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Community Loan Fund of New Jersey Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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