COMMUNITY LOAN FUND OF NEW JERSEY INC

COMMUNITY LOAN FUND OF NEW JERSEY INC

New Brunswick, NJ, US
501(c)(3)
EIN
22-2872262
Regional Funder

COMMUNITY LOAN FUND OF NEW JERSEY INC

New Brunswick, NJ, US
501(c)(3)
EIN
22-2872262
Regional Funder

Overview

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Est.

1987

Fiscal Year Start

Oct 1

Organization Type

Grantseeker

AI Summary

The Community Loan Fund of New Jersey Inc is a nonprofit organization dedicated to transforming at-risk communities through strategic investments and knowledge sharing, focusing on community and economic development as well as entrepreneurship. With an operating budget of $20.2 million and total revenue of $22.9 million for the 2024 filing year, the organization does not rely on any single funder for 50% or more of its revenue. More information can be found on their website at www.newjerseycommunitycapital.org.

Mission Statement

TO TRANSFORM AT-RISK COMMUNITIES THROUGH STRATEGIC INVESTMENTS CAPITAL AND KNOWLEDGE.
Revenues

$22.9M

Expenses

$21.2M

Net Income:
+$1.7M
Assets

$263.2M

Liabilities

$188.5M

Net Assets:
+$74.7M
Operating Budget

$20.2M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

13

Median grant size
$100K
Largest grant received
$7M
B
Bernel Hall
Board Member
S
Steven Kaczynski
Board Member
G
Gregg B Gunselman
Board Member

Frequently Asked Questions

What is COMMUNITY LOAN FUND OF NEW JERSEY INC’s budget?
In 2024, COMMUNITY LOAN FUND OF NEW JERSEY INC reported an annual operating budget of around $20.2 million. More detailed financial information is available to registered users.
What causes does COMMUNITY LOAN FUND OF NEW JERSEY INC support?
COMMUNITY LOAN FUND OF NEW JERSEY INC supports work in Entrepreneurship and Community and economic development.
Where does COMMUNITY LOAN FUND OF NEW JERSEY INC operate?
COMMUNITY LOAN FUND OF NEW JERSEY INC is headquartered in New Brunswick, NJ.
Who funded COMMUNITY LOAN FUND OF NEW JERSEY INC recently?
In 2024, COMMUNITY LOAN FUND OF NEW JERSEY INC received grants from NATIONAL PHILANTHROPIC TRUST, NEIGHBORHOOD REINVESTMENT CORPORATION, and TD CHARITABLE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant COMMUNITY LOAN FUND OF NEW JERSEY INC received in 2024?
The largest grant to COMMUNITY LOAN FUND OF NEW JERSEY INC in 2024 exceeds $7 million.
What is COMMUNITY LOAN FUND OF NEW JERSEY INC’s reliance on government grants?
COMMUNITY LOAN FUND OF NEW JERSEY INC relied on government grants for more than 10% of their total revenue in 2024.
Overview
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