2025-08-14T08:52:50-05:00 2024-09-30 135565207 KPMG LLP 1735 MARKET STREET PHILADELPHIA PA 19103 990 2023-10-01 030472940 COMMUNITY LENDING PARTNERS OF NEW JERSEY INC COMM 7326402061 100 ALBANY STREET SUITE 250 NEW BRUNSWICK NJ 08901 STEVEN KACZYNSKI CONTROLLER 7326402061 2025-08-13 1 0 PHILLIP E GROFF P01247783 2672567000 2025-08-13 2023 2025-03-06 01:10:19Z BERNEL HALL 100 ALBANY STREET SUITE 250 NEW BRUNSWICK NJ 08901 1436818 0 X WWW.NEWJERSEYCOMMUNITYCAPITAL.ORG X 2002 NJ PROVIDE FINANCING TO COMMUNITY DEVELOPMENT PROJECTS IN NJ. SEE SCHEDULE O. PROVIDE FINANCING TO COMMUNITY DEVELOPMENT PROJECTS IN NJ, INCLUDING THE DEVELOPMENT & PRESERVATION OF AFFORDABLE HOUSING, EXPANDING THE CAPITAL AVAILABLE FOR COMMUNITY & ECONOMIC DEVELOPMENT. 8 8 0 14 0 0 0 0 1079326 1404789 24503 32029 0 0 1103829 1436818 0 0 0 0 168213 79898 0 0 0 779671 953312 947884 1033210 155945 403608 24141125 24320117 21798129 21189310 2342996 3130807 X TO SUPPORT THE PUBLIC PURPOSES AND ACTIVITIES OF COMMUNITY LOAN FUND OF NEW JERSEY ("CLFNJ"), INC. THIS INCLUDES, BUT IS NOT LIMITED TO, PROVIDING FINANCING TO COMMUNITY DEVELOPMENT PROJECTS. FOR MORE INFORMATION, SEE SCHEDULE O. TO SUPPORT THE PUBLIC PURPOSES AND ACTIVITIES OF COMMUNITY LOAN FUND OF NEW JERSEY ("CLFNJ"), INC. THIS INCLUDES, BUT IS NOT LIMITED TO, PROVIDING FINANCING TO COMMUNITY DEVELOPMENT PROJECTS, INCLUDING THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING, AND EXPANDING THE CAPITAL AVAILABLE FOR COMMUNITY AND ECONOMIC DEVELOPMENT INITIATIVES THROUGHOUT NEW JERSEY. 0 0 1017993 1404789 COMMUNITY LENDING PARTNERS OF NEW JERSEY, INC. ("CLPNJ") TRANSFORMS AT-RISK COMMUNITIES THROUGH STRATEGIC INVESTMENTS OF CAPITAL AND KNOWLEDGE. CLPNJ IS AFFILIATED WITH COMMUNITY LOAN FUND OF NEW JERSEY AND SHARES THE SAME MISSION, BOARD, AND STAFF. SINCE ITS INCEPTION IN2004, CLPNJ HAS CLOSED 215 LOANS TOTALING OVER $102.5 MILLION, WHICH LEVERAGED $201 MILLION IN PUBLIC AND PRIVATE CAPITAL FOR HOUSING, ECONOMIC DEVELOPMENT AND COMMUNITY FACILITY PROJECTS THAT BENEFIT LOW-INCOME INDIVIDUALS AND COMMUNITIES. THESE INVESTMENTS HAVE CREATED OR PRESERVED: 828 HOUSING UNITS, 377 JOBS , 3,339 EDUCATION SEATS, 552 CHILDCARE SLOTS, AND OVER 496,301 SQUARE FEET OF COMMUNITY AND COMMERCIAL FACILITIES. 1017993 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X X STEVEN KACZYNSKI 7326402061 100 ALBANY STREET SUITE 250 NEW BRUNSWICK NJ 08901 GREGG B GUNSELMAN BOARD CHAIR 1.00 2.00 X X 0 0 0 PAUL ALEXANDER VICE CHAIR 1.00 2.00 X X 0 0 0 LINWOOD L ROBBINS TREASURER 1.00 1.00 X X 0 0 0 BRYAN LONG SECRETARY 1.00 2.00 X X 0 0 0 MICHELLE E RICHARDSON BOARD DIRECTOR 1.00 2.00 X 0 0 0 EVAN WEISS BOARD DIRECTOR 1.00 1.00 X 0 0 0 LYNEIR RICHARDSON BOARD DIRECTOR 1.00 2.00 X 0 0 0 SABRINA N CONYERS AS OF 124 BOARD DIRECTOR 1.00 2.00 X 0 0 0 MARIA VIZCARRONDO UNTIL 924 BOARD DIRECTOR 1.00 2.00 X 0 0 0 PILAR HOGAN CLOSKEY UNTIL 324 BOARD DIRECTOR 1.00 2.00 X 0 0 0 BERNEL HALL PRESIDENT AND CEO 7.00 43.00 X 0 483854 38513 JOHN D ALLEN IV CHIEF FINANCIAL OFFICER 7.00 43.00 X 0 212695 956 MELINDA COLON-COX GEN COUNSEL & CHIEF COMP OFF 7.00 43.00 X 0 296976 57869 STEVEN KACZYNSKI CONTROLLER 7.00 43.00 X 0 165377 17139 LEAH APGAR UNTIL 224 MANAGING DIRECTOR, LENDING 10.00 30.00 X 0 238159 6624 CARA PURCELL UNTIL 1223 MANAGING DIRECTOR, BUSINESS INFRASTRUCTURE 7.00 43.00 X 0 208124 6790 0 1605185 127891 0 0 1 0 0 LOAN INTEREST 522310 1374141 1374141 LOAN FEES 522310 30613 30613 OTHER FEES 900099 35 35 1404789 32029 32029 1436818 1404789 0 32029 63936 54346 9590 15962 13569 2393 17317 14682 2635 250 250 3741 3142 599 932004 932004 1033210 1017993 15217 0 2114486 1690357 233216 317843 108979 96415 21684444 22215502 24141125 24320117 91083 80269 55394 31679 21375231 19117265 276421 1960097 21798129 21189310 X 2342996 3130807 2342996 3130807 24141125 24320117 X 403608 91119 293084 X 0 1 X 1 0 X X X 1 COMMUNITY LOAN FUND OF NEW JERSEY INC 222872262 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 INTERCOMPANY PAYABLE 1638254 FUNDS HELD IN TRUST 321843 1960097 X PART X, LINE 2: NEW JERSEY COMMUNITY CAPITAL ("NJCC") IS THE REGISTERED TRADE NAME UTILIZED BY COMMUNITY LOAN FUND OF NEW JERSEY, INC. ("CLFNJ") AND ITS SUBSIDIARIES. THE FILING ORGANIZATION, COMMUNITY LENDING PARTNERS OF NEW JERSEY, INC. ("CLPNJ"), IS INCLUDED IN THE NJCC CONSOLIDATED FINANCIAL STATEMENTS, WHICH INCLUDES THE FOLLOWING ASC 740 (FIN 48) FOOTNOTE: CLFNJ, LENDING PARTNERS, CAPC SUPPORTIVE NEEDS HOUSING, INC., MILLS MEMORIAL SOCIAL SERVICES BUILDING, INC., UWNNJ MONTCLAIR LLC AND CAPC ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE CODE. AS NONPROFIT ENTITIES, THEY ARE ALSO EXEMPT FROM NEW JERSEY CORPORATE INCOME TAXES. NJCC RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY TO BE REALIZED UPON SETTLEMENT. CHANGES IN MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. NJCC DID NOT RECOGNIZE THE EFFECT OF ANY INCOME TAX POSITIONS IN EITHER 2024 OR 2023. 0 0 0 0 0 0 0 0 0 BERNEL HALL PRESIDENT AND CEO 0 483854 0 0 0 0 0 9900 0 28613 0 522367 0 0 MELINDA COLON-COX GEN COUNSEL & CHIEF COMP OFF 0 296976 0 0 0 0 0 5881 0 51988 0 354845 0 0 LEAH APGAR UNTIL 224 MANAGING DIRECTOR, LENDING 0 238159 0 0 0 0 0 6119 0 505 0 244783 0 0 CARA PURCELL UNTIL 1223 MANAGING DIRECTOR, BUSINESS INFRASTR 0 208124 0 0 0 0 0 5487 0 1303 0 214914 0 0 JOHN D ALLEN IV CHIEF FINANCIAL OFFICER 0 212695 0 0 0 0 0 0 0 956 0 213651 0 0 STEVEN KACZYNSKI CONTROLLER 0 165377 0 0 0 0 0 4419 0 12720 0 182516 0 0 PART I, LINE 3 COMPENSATION OF ORGANIZATION'S CEO/EXECUTIVE DIRECTOR THE FILING ORGANIZATION DOES NOT HAVE AND/OR COMPENSATE ITS OWN CEO/EXECUTIVE DIRECTOR. INDIVIDUALS LISTED ON PART VII AS OFFICERS OF THE CORPORATION ARE EMPLOYEES OF A RELATED ORGANIZATION AND COMPENSATED THROUGH THE RESPECTIVE RELATED ORGANIZATION. THE METHOD USED BY THE RELATED ORGANIZATION FOR DETERMINING COMPENSATION FOR THESE INDIVIDUALS ARE: - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD - APPROVAL BY THE COMPENSATION COMMITTEE FORM 990, PART V, LINE 2A: CLPNJ HAS NO EMPLOYEES. ALL INDIVIDUALS WORKING FOR CLPNJ ARE EMPLOYED AND PAID BY COMMUNITY LOAN FUND OF NEW JERSEY, INC. ("CLF"). ALL FORMS W-2 ARE ISSUED BY CLF. THE PORTION OF THEIR SALARIES ALLOCATED TO TIME WORKED FOR CLPNJ HAS BEEN PROPERLY REPORTED AS CLPNJ SALARY EXPENSE. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP THE SOLE MEMBER OF CLPNJ IS CLFNJ. FORM 990, PART VI, SECTION A, LINE 7A APPOINTMENT OF DIRECTORS CLFNJ, THE SOLE MEMBER OF CLPNJ, HAS THE POWER TO APPOINT THE DIRECTORS OF CLPNJ. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A TAX PREPARER AND REVIEWED BY THE FINANCE DEPARTMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST REVIEW THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY COVERING BOARD MEMBERS AND STAFF. STAFF AND BOARD MEMBERS ARE PROVIDED WITH A CONFLICT OF INTEREST POLICY STATEMENT PROVIDING GENERAL DIRECTION AS TO THE ORGANIZATION'S EXPECTATIONS OF APPROPRIATE BEHAVIOR. BOARD DIRECTORS AND STAFF ARE REQUIRED TO CONSULT WITH THEIR SUPERIORS WHENEVER THEY HAVE ANY QUESTION AS TO WHETHER A PARTICULAR CIRCUMSTANCE MAY PLACE THEM IN A CONFLICT OF INTEREST. IF A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON WILL BE GIVEN THE OPPORTUNITY TO DISCLOSE THE MATERIAL FACTS TO HIS SUPERIORS ON THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE ORGANIZATION SHALL DETERMINE WHETHER IT CAN DETERMINE WITH REASONABLE EFFORT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WILL NOT PRODUCE A CONFLICT OF INTEREST. THE INTERESTED PERSON SHALL NOT BE PRESENT IN THE ROOM DURING THE DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW THE FILING ORGANIZATION DOES NOT PAY ANY COMPENSATION. CERTAIN OFFICERS AND EMPLOYEES RECEIVE COMPENSATION FROM THE REPORTING ORGANIZATION'S SUPPORTED ORGANIZATION, CLFNJ, IN PART, FOR SERVICES RENDERED TO THE REPORTING ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABILITY THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PROVISION FOR LOAN LOSSES ADJUSTMENT 293,084. 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