Community Loan Fund of New Jersey Inc
To transform at-risk communities through strategic investments of capital and knowledge.
Community Loan Fund of New Jersey Inc at a glance
In short: Community Loan Fund of New Jersey Inc gave $522K across 3 grants in 2025 (avg $174K), mostly in New Jersey. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $522,079
- -47.8% vs 2024
- Grants made (2025)
- 3
- -25.0% vs 2024
- Average grant
- $174,026
- -30.4% vs 2024
- Median grant
- $198,157
- Total assets
- $260,781,615
- -0.9% vs 2024
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Community Loan Fund of New Jersey Inc
Open Grants
1 open opportunity from Community Loan Fund of New Jersey Inc
Who Community Loan Fund of New Jersey Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Urban Promise Trenton ($216K). Together the top 3 received $522K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was in the $100–250K range: 7 grants of 15 (47%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Community Loan Fund of New Jersey Inc gives
- Giving fell 79% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $247K (2023) to $2.5M (2022). In 2025 it made 3 grants totaling $522K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Urban Promise Trenton Trenton, NJ | Youth Employment Programs | $215,640 |
| Isles Inc Trenton, NJ | Youth Employment Programs, Small Homes Repairs Assistance | $198,157 |
| East Trenton Library Trenton, NJ | Renovation and Rehabilitation | $108,282 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $260,781,615 | $14,543,849 | $19,291,657 | $522,079 | 3 | $1,871,103 |
| 2024 | $263,186,710 | $22,945,953 | $21,240,082 | $1,000,854 | 4 | $282,035 |
| 2023 | $224,707,415 | $19,077,899 | $18,059,409 | $247,444 | 1 | $2,603,174 |
| 2022 | $225,755,323 | $18,328,900 | $16,940,665 | $2,532,194 | 4 | $852,699 |
| 2021 | $216,841,059 | $22,047,293 | $14,202,902 | $466,484 | 3 | $1,291,646 |
| 2020 | $200,340,591 | $18,113,817 | $14,370,769 | $1,058,258 | 4 | $520,042 |
| 2019 | $164,749,911 | $13,227,452 | $11,449,595 | $328,860 | 5 | $727,814 |
About Community Loan Fund of New Jersey Inc
Based on IRS filings
Community Loan Fund of New Jersey Inc is a public charity focused on Community Improvement & Capacity Building, based in New Brunswick, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $260.8M in total assets. In 2025, it awarded 3 grants totaling $522K. Net investment income was $1.9M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Community Loan Fund of New Jersey Inc is led by Bernel Hall, President & Chief Executive Officer since 2025 (on filings since 2022); 15 of 24 officers listed in 2025 are compensated.
Officers on the 2025 filing
Bernel Hall
President & Chief Executive Officer
President & CEO → President & Chief Executive Officer, 2025
On filings since 2022
34 hrs/week
$57K (2022) → $722K (2025)
Gregg B. Gunselman
Board Chair
Boadrd Treasurer → Board Treasurer, 2020
Board Treasurer → Board Chair, 2023
On filings since 2019
1 hr/week
No compensation reported
Varun Agnihotri
Managing Director & Portfolio Management
On filings since 2024
40 hrs/week
$188K (2024) → $221K (2025)
Roy Southerland
Managing Director of Business Infrastructure
New on the 2025 filing
20 hrs/week
$135K (2025)
Leonard F. Szot II
Director & Information Technology
On filings since 2024
30 hrs/week
$119K (2024) → $136K (2025)
Vanessa Quijano
Director Communications
Director of Communications → Director Communications, 2025
On filings since 2024
35 hrs/week
$156K (2024) → $142K (2025)
Brian Waweru
Director Strategic Investment
New on the 2025 filing
40 hrs/week
$202K (2025)
Michelle E. Richardson
Board Director
Board Secretary → Vice Chair, 2022
Vice Chair → Board Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Evan Weiss
Board Director
On filings since 2022
1 hr/week
No compensation reported
Lyneir Richardson
Board Director
On filings since 2023
1 hr/week
No compensation reported
Sabrina N. Conyers
Board Director
On filings since 2024
1 hr/week
No compensation reported
Rebecca Gardy
Board Director
New on the 2025 filing
1 hr/week
No compensation reported
Laura Wallick
Program Manager & Thrive South Jersey
Program Manager Thrive S. Jersey → Program Manager & Thrive South, 2022
Program Manager & Thrive South → Program Manager & Thrive South Jersey, 2024
On filings since 2019
40 hrs/week
$106K (2019) → $156K (2025)
Steven Kaczynski
Controller
On filings since 2021
34 hrs/week
$117K (2021) → $167K (2025)
Melinda Colon-Cox
General Counsel & Chief Compliance Officer
General Counsel & Chief Comp Officer → General Counsel & Chief Compliance Officer, 2025
On filings since 2023
34 hrs/week
$174K (2023) → $336K (2025)
John D. Allen IV
Chief Financial Officer
On filings since 2024
34 hrs/week
$213K (2024) → $329K (2025)
Manuel Malixi
Assistant Controller
On filings since 2024
5 hrs/week
$138K (2024) → $132K (2025)
Claudia Lima
Chief Investment Officer
New on the 2025 filing
40 hrs/week
$186K (2025)
Mark Murata
Chief Human Resources Officer
New on the 2025 filing
20 hrs/week
$195K (2025)
Rotem Elias
Senior Underwriter
New on the 2025 filing
40 hrs/week
$141K (2025)
Yuqing Tian
Corporate Counsel
New on the 2025 filing
30 hrs/week
$171K (2025)
Bryan Long
Secretary
Director → Board Director, 2021
Board Director → Secretary, 2024
On filings since 2019
1 hr/week
No compensation reported
Linwood L. Robbins
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Paul Alexander
Vice Chair
Board Director → Vice Chair, 2024
On filings since 2023
1 hr/week
No compensation reported
Former officers (26)
- Former: Leah Apgar (2019–2024) — Managing Director & Lending · Filing note: Until 2/2024
- Former: Marie Mascherin (2019–2024) — Former Chief Operating Officer
- Former: Maria Vizcarrondo (2020–2024) — Board Director
- Former: Cara Purcell (2023–2024) — Managing Director & Bus Infrastructure · Filing note: Until 12/2023
- Former: David Bloomberg (2023–2024) — Director & Lending Portfolio Management · Filing note: Until 6/2024
- Former: Colleen Velez (2024) — Director & Resource Development · Filing note: Until 5/2024
- Former: Ronald Wong (2024) — Program Director & Economic Development · Filing note: Until 3/2024
- Former: Walter Price (2024) — Community Development Loan Officer
- Former: Alle Ries (2019–2023) — Board Director Trm
- Former: Diane Sterner (2019–2023) — Director & Community Strategies
- Former: Jacqueline Robinson (2019–2023) — Chief Financial Officer Trm
- Former: Mark Munley (2019–2023) — Director Sp Proj & Gov Trm
- Former: Peter Grof (2019–2023) — Director, Strat & Soc Impact
- Former: Pilar Hogan Closkey (2019–2023) — Board Director
- Former: Hanaa Hamdi PhD (2019–2022) — Health Impact Investment Strategies & Partership
- Former: Wayne Meyer (2019–2022) — President
- Former: Hariharan Krishnan (2021–2022) — Manager & Data Systems
- Former: Joseph Palazzolo (2021–2022) — Program Director, Educ & Early Care
- Former: Lillian A. Plata (2021–2022) — Board Director
- Former: Tanya Freeman (2021–2022) — Board Director
- Former: Ladell Robbins (2022) — Board Director
- Former: Ellen Brown (2019–2021) — Board Director
- Former: Jorge Cruz (2019–2021) — Chief External Affairs Officer · Filing note: Until 4921
- Former: Kenneth Zimmerman (2019–2021) — Board Director
- Former: Patrick Morrissy (2019–2021) — Board Vice Chair
- Former: Norman Melofsky (2019–2020) — Controller
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $722K, to Bernel Hall (President & Chief Executive Officer). 15 officers or directors reported compensation on that filing.
Frequently asked questions about Community Loan Fund of New Jersey Inc
How much does Community Loan Fund of New Jersey Inc give each year?
Community Loan Fund of New Jersey Inc gave $522K across 3 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.0M across 4 grants.
What is Community Loan Fund of New Jersey Inc's typical grant size?
Community Loan Fund of New Jersey Inc's median grant in 2025 was $198,157, and its average grant was $174,026, across 3 grants on its 2025 IRS Form 990.
Where does Community Loan Fund of New Jersey Inc give grants?
Community Loan Fund of New Jersey Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Trenton, NJ (3 grants).
Does Community Loan Fund of New Jersey Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Community Loan Fund of New Jersey Inc's 2025 IRS Form 990 were described as general or operating support.
How large is Community Loan Fund of New Jersey Inc?
Community Loan Fund of New Jersey Inc reported $260.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $14.5M.
What is Community Loan Fund of New Jersey Inc?
Community Loan Fund of New Jersey Inc is a public charity focused on Community Improvement & Capacity Building, based in New Brunswick, NJ. It holds $260.8M in total assets as of 2025.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 14, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS August 17, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS August 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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