COMMUNITY LOAN FUND OF NEW JERSEY INC Charity Report

Public IRS 990 nonprofit record

COMMUNITY LOAN FUND OF NEW JERSEY INC

EIN 22-2872262 · Community Improvement & Capacity Building (S120)

What they do

to TRANSFORM AT-RISK COMMUNITIES THROUGH STRATEGIC INVESTMENTS of CAPITAL and KNOWLEDGE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

77.44%of revenue went to mission work83.7% of expenses · Program services

5.46%of revenue went to fundraising5.9% of expenses

$146.04spent for every $100 of revenueSpending was higher than revenue this year.

9.67%of revenue went to management and office costs10.4% of expenses

$12.28in assets for every $1 spent this yearSome assets cannot be spent right away.

69.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $6,696,233 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $522,367 for BERNEL HALL (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$22,945,953

Mission workProgram services$17,768,60677.44% of revenue83.7% of expenses

ManagementOffice and general costs$2,218,8599.67% of revenue10.4% of expenses

FundraisingAsking for donations$1,252,6175.46% of revenue5.9% of expenses

Revenue left after expensesReported annual surplus$1,705,8717.43% of revenueShown in gray on the chart

Total expenses$21,240,08292.57% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 83.7% mission · 10.4% management · 5.9% fundraisingTotal expenses: 92.57% of revenue

2022Expense mix: 86.0% mission · 9.0% management · 5.0% fundraisingTotal expenses: 94.66% of revenue

2021Expense mix: 88.1% mission · 6.9% management · 4.9% fundraisingTotal expenses: 92.43% of revenue

2020Expense mix: 83.9% mission · 8.8% management · 7.3% fundraisingTotal expenses: 64.42% of revenue

2019Expense mix: 87.0% mission · 7.1% management · 5.9% fundraisingTotal expenses: 79.34% of revenue

2018Expense mix: 82.9% mission · 9.4% management · 7.7% fundraisingTotal expenses: 86.56% of revenue

2017Expense mix: 88.2% mission · 7.1% management · 4.7% fundraisingTotal expenses: 82.91% of revenue

2016Expense mix: 87.7% mission · 7.4% management · 4.9% fundraisingTotal expenses: 52.80% of revenue

Money in and money out

Revenue$14,543,849

Expenses$21,240,082

Annual shortfall $6,696,233 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$17,768,606 · 83.7% of expenses

Management and office costs$2,218,859 · 10.4% of expenses

Fundraising$1,252,617 · 5.9% of expenses

See all reported dollar amounts

Revenue$14,543,849

Expenses$21,240,082

Assets$260,781,615

Income$17,887,516

Contributions$10,085,743

Mission work (program services)$17,768,606

Fundraising$1,252,617

Grants given$7,683,759

Average grant$132,479

Management and general$2,218,859

Executive compensation (total)$1,057,622

Stocks and bonds$14,704,386

Accounting fees$359,703

Investing fees$56,066

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BERNEL HALLPRESIDENT & CEO · 34 hrs/week $522,367Base $483,854 · Other $38,513

MELINDA COLON-COXGEN COUNSEL & CHIEF COMP OFF · 34 hrs/week $354,845Base $296,976 · Other $57,869

MARIE MASCHERINFORMER CHIEF OPERATING OFF $291,692Base $290,435 · Other $1,257

LEAH APGAR UNTIL 0224MANAGING DIR, LENDING · 30 hrs/week $244,783Base $238,159 · Other $6,624

VARUN AGNIHOTRIMANAGING DIR, PORTFOLIO MGMT · 40 hrs/week $236,250Base $187,664 · Other $48,586

RONALD WONG UNTIL 0324PROGRAM DIR, ECONOMIC DEVELOPMENT · 40 hrs/week $216,519Base $164,923 · Other $51,596

CARA PURCELL UNTIL 1223MANAGING DIR, BUS INFRASTRUCTURE · 34 hrs/week $214,914Base $208,124 · Other $6,790

JOHN D ALLEN IVCHIEF FINANCIAL OFFICER · 34 hrs/week $213,651Base $212,695 · Other $956

STEVEN KACZYNSKICONTROLLER · 34 hrs/week $182,516Base $165,377 · Other $17,139

VANESSA QUIJANODIRECTOR OF COMMUNICATIONS · 35 hrs/week $173,381Base $156,126 · Other $17,255

COLLEEN VELEZ UNTIL 0524DIRECTOR, RESOURCE DEVELOPMENT · 35 hrs/week $157,449Base $135,693 · Other $21,756

LAURA WALLICKPROGRAM MANAGER, THRIVE SOUTH JERSEY · 40 hrs/week $155,574Base $151,031 · Other $4,543

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

BERNEL HALLPRESIDENT & CEO

MELINDA COLON-COXGEN COUNSEL & CHIEF COMP OFF

MARIE MASCHERINFORMER CHIEF OPERATING OFF

LEAH APGAR UNTIL 0224MANAGING DIR, LENDING

VARUN AGNIHOTRIMANAGING DIR, PORTFOLIO MGMT

RONALD WONG UNTIL 0324PROGRAM DIR, ECONOMIC DEVELOPMENT

CARA PURCELL UNTIL 1223MANAGING DIR, BUS INFRASTRUCTURE

JOHN D ALLEN IVCHIEF FINANCIAL OFFICER

STEVEN KACZYNSKICONTROLLER

VANESSA QUIJANODIRECTOR OF COMMUNICATIONS

COLLEEN VELEZ UNTIL 0524DIRECTOR, RESOURCE DEVELOPMENT

LAURA WALLICKPROGRAM MANAGER, THRIVE SOUTH JERSEY

MANUEL MALIXIASSISTANT CONTROLLER

DAVID BLOOMBERG UNTIL 0624DIRECTOR, LENDING PORTFOLIO MGMT

LEONARD F SZOT IIDIRECTOR, INFORMATION TECHNOLOGY

WALTER PRICECOMMUNITY DEVELOPMENT LOAN OFFICER

SABRINA N CONYERSBOARD DIRECTOR (AS OF 01/24)

LYNEIR RICHARDSONBOARD DIRECTOR

PAUL ALEXANDERVICE CHAIR

MICHELLE E RICHARDSONBOARD DIRECTOR

MARIA VIZCARRONDOBOARD DIRECTOR (UNTIL 09/24)

LINWOOD L ROBBINSTREASURER

GREGG B GUNSELMANBOARD CHAIR

EVAN WEISSBOARD DIRECTOR

BRYAN LONGSECRETARY

About this charity

Recognized since: January 1988
Location: 100 ALBANY ST STE 250, NEW BRUNSWICK, NJ 08901-1296
County: Middlesex
In care of: % STEVEN KACZYNSKI
Primary officer: STEVEN KACZYNSKI, CONTROLLER

How to reach them

WebsiteVisit the charity’s website Emailcommsnjcc@newjerseycommunitycapital.org Phone(732) 640-2061

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Community Improvement & Capacity Building (S120)
IRS tax category: Other Management Consulting Services
Grant-giving organization: Yes