Nonprofit · EIN 22-2872262
COMMUNITY LOAN FUND OF NEW JERSEY INC
Tax-exempt · NEW BRUNSWICK, NJ 08901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $14,543,849 | $19,291,657 | -$4,747,808 | $260,781,615 | $191,205,522 | $69,576,093 |
| September 30, 2024 | 990 | $22,945,953 | $21,240,082 | $1,705,871 | $263,186,710 | $188,486,129 | $74,700,581 |
| September 30, 2023 | 990 | $19,077,899 | $18,059,409 | $1,018,490 | $224,707,415 | $155,600,558 | $69,106,857 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $710,233
- of which government grants
- $523,250
- Program service revenue
- $11,979,448
- Investment income
- $1,871,103
- Net rental income
- -$16,935
- Net gain from sales of assets
- $226,393
- Other revenue
- -$16,935
Expenses
- Grants and similar amounts paid
- $522,079
- Compensation of officers, directors and key employees
- $2,903,728
- Other salaries and wages
- $2,528,271
- Salaries, compensation and benefits (total)
- $6,415,128
- Professional fundraising fees
- $0
- Legal fees
- $184,999
- Accounting fees
- $316,192
- Occupancy
- $812,493
- Travel
- $92,567
- Depreciation
- $408,880
- Program services (functional)
- $15,070,200
- Management and general (functional)
- $3,727,896
- Fundraising (functional)
- $493,561
Balance sheet and other
- Total assets, start of year
- $263,186,710
- Total assets, end of year
- $260,781,615
- Total liabilities, end of year
- $191,205,522
- Net assets, end of year
- $69,576,093
- Land, buildings and equipment
- $2,760,975
- Publicly traded securities
- $14,679,178
- Net assets without donor restrictions
- $43,126,654
- Net assets with donor restrictions
- $26,449,439
- Gross receipts
- $17,887,516
- Employees
- 83
- Volunteers
- 17
- Year formed
- 1987
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BERNEL HALL | PRESIDENT & CHIEF EXECUTIVE OFFICER Officer | 34 | $722,475 | $28,434 |
| MELINDA COLON-COX | GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER Officer | 34 | $336,375 | $52,387 |
| JOHN D ALLEN IV | CHIEF FINANCIAL OFFICER Officer | 34 | $328,591 | $12,205 |
| VARUN AGNIHOTRI | MANAGING DIRECTOR, PORTFOLIO MGMT Key employee | 40 | $220,614 | $48,280 |
| BRIAN WAWERU | DIRECTOR STRATEGIC INVEST (THRU 08/25) Key employee | 40 | $202,498 | $31,180 |
| MARK MURATA | CHIEF HUMAN RESOURCES OFFICER Key employee | 20 | $195,014 | $15,032 |
| CLAUDIA LIMA | CHIEF INVESTMENT OFFICER (THRU 02/25) Key employee | 40 | $185,544 | $20,199 |
| STEVEN KACZYNSKI | CONTROLLER Officer | 34 | $166,799 | $31,891 |
| YUQING TIAN | CORPORATE COUNSEL Key employee | 30 | $171,124 | $18,111 |
| ROTEM ELIAS | SENIOR UNDERWRITER Highest-paid employee | 40 | $141,196 | $46,245 |
| LAURA WALLICK | PROGRAM MANAGER, THRIVE SOUTH JERSEY Key employee | 40 | $155,995 | $5,594 |
| VANESSA QUIJANO | DIRECTOR COMMUNICATIONS (THRU 11/24) Highest-paid employee | 35 | $141,891 | $19,154 |
| LEONARD F SZOT II | DIRECTOR, INFORMATION TECHNOLOGY Highest-paid employee | 30 | $136,241 | $22,847 |
| ROY SOUTHERLAND | MANAGING DIRECTOR OF BUSINESS INFRASTRUCTURE Highest-paid employee | 20 | $134,769 | $17,732 |
| MANUEL MALIXI | ASSISTANT CONTROLLER Highest-paid employee | 5 | $131,585 | $10,878 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGG B GUNSELMAN | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| PAUL ALEXANDER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| LINWOOD L ROBBINS | TREASURER Trustee or director, Officer | 1 | $0 |
| BRYAN LONG | SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHELLE E RICHARDSON | BOARD DIRECTOR Trustee or director | 1 | $0 |
| EVAN WEISS | BOARD DIRECTOR Trustee or director | 1 | $0 |
| LYNEIR RICHARDSON | BOARD DIRECTOR Trustee or director | 1 | $0 |
| SABRINA N CONYERS | BOARD DIRECTOR Trustee or director | 1 | $0 |
| REBECCA GARDY AS OF 3192025 | BOARD DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BERNEL HALL | PRESIDENT & CEO Officer | 34 | $483,854 | $38,513 |
| MELINDA COLON-COX | GEN COUNSEL & CHIEF COMP OFF Officer | 34 | $296,976 | $57,869 |
| MARIE MASCHERIN | FORMER CHIEF OPERATING OFF Former | 0 | $290,435 | $1,257 |
| LEAH APGAR UNTIL 0224 | MANAGING DIR, LENDING Key employee | 30 | $238,159 | $6,624 |
| VARUN AGNIHOTRI | MANAGING DIR, PORTFOLIO MGMT Key employee | 40 | $187,664 | $48,586 |
| RONALD WONG UNTIL 0324 | PROGRAM DIR, ECONOMIC DEVELOPMENT Key employee | 40 | $164,923 | $51,596 |
| CARA PURCELL UNTIL 1223 | MANAGING DIR, BUS INFRASTRUCTURE Key employee | 34 | $208,124 | $6,790 |
| JOHN D ALLEN IV | CHIEF FINANCIAL OFFICER Officer | 33.5 | $212,695 | $956 |
| STEVEN KACZYNSKI | CONTROLLER Officer | 34 | $165,377 | $17,139 |
| VANESSA QUIJANO | DIRECTOR OF COMMUNICATIONS Key employee | 35 | $156,126 | $17,255 |
| COLLEEN VELEZ UNTIL 0524 | DIRECTOR, RESOURCE DEVELOPMENT Highest-paid employee | 35 | $135,693 | $21,756 |
| LAURA WALLICK | PROGRAM MANAGER, THRIVE SOUTH JERSEY Key employee | 40 | $151,031 | $4,543 |
| MANUEL MALIXI | ASSISTANT CONTROLLER Highest-paid employee | 5 | $137,958 | $7,442 |
| DAVID BLOOMBERG UNTIL 0624 | DIRECTOR, LENDING PORTFOLIO MGMT Highest-paid employee | 30 | $136,302 | $5,618 |
| LEONARD F SZOT II | DIRECTOR, INFORMATION TECHNOLOGY Highest-paid employee | 30 | $119,491 | $14,547 |
| WALTER PRICE | COMMUNITY DEVELOPMENT LOAN OFFICER Highest-paid employee | 40 | $123,409 | $3,703 |
| GREGG B GUNSELMAN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAUL ALEXANDER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LINWOOD L ROBBINS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRYAN LONG | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE E RICHARDSON | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVAN WEISS | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNEIR RICHARDSON | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| SABRINA N CONYERS | BOARD DIRECTOR (AS OF 01/24) Trustee or director | 1 | $0 | $0 |
| MARIA VIZCARRONDO | BOARD DIRECTOR (UNTIL 09/24) Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BERNEL HALL | PRESIDENT & CEO Officer | 34 | $307,428 | $24,205 |
| MARIE MASCHERIN | CHIEF OPERATING OFF TRM 6/23 Officer | 30 | $282,289 | $9,367 |
| JACQUELINE ROBINSON | CHIEF FINANCIAL OFF TRM 5/22 Officer | 34 | $280,026 | $10,876 |
| MARK MUNLEY | DIR SP PROJ & GOV TRM 10/22 Key employee | 15 | $179,249 | $43,710 |
| MELINDA COLON-COX | GEN COUNSEL & CHIEF COMP OFF Officer | 34 | $174,155 | $20,966 |
| PETER GROF | DIRECTOR, STRAT & SOC IMPACT Highest-paid employee | 34 | $147,954 | $45,554 |
| LEAH APGAR | MANAGING DIRECTOR, LENDING Key employee | 30 | $185,146 | $6,275 |
| STEVEN KACZYNSKI | CONTROLLER Officer | 34 | $136,989 | $41,208 |
| CARA PURCELL | MANAGING DIR, BUS INFRASTRUCTURE Highest-paid employee | 34 | $145,524 | $2,428 |
| DIANE STERNER | DIRECTOR, COMMUNITY STRATEGIES Highest-paid employee | 40 | $135,398 | $4,125 |
| LAURA WALLICK | PROGRAM MANAGER, THRIVE SOUTH Highest-paid employee | 40 | $127,711 | $4,140 |
| DAVID BLOOMBERG | DIRECTOR, LENDING PORTFOLIO MGMT Highest-paid employee | 30 | $120,339 | $5,807 |
| GREGG B GUNSELMAN | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| MICHELLE E RICHARDSON | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| LINWOOD L ROBBINS | TREASURER Trustee or director | 1 | $0 | $0 |
| MARIA VIZCARRONDO | BOARD SECRETARY Trustee or director | 1 | $0 | $0 |
| EVAN WEISS | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| PILAR HOGAN CLOSKEY | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN LONG | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNEIR RICHARDSON | BOARD DIRECTOR BEG 11/22 Trustee or director | 1 | $0 | $0 |
| PAUL ALEXANDER | BOARD DIRECTOR BEG 3/23 Trustee or director | 1 | $0 | $0 |
| ALLE RIES | BOARD DIRECTOR TRM 9/22 Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 ALBANY ST STE 250, NEW BRUNSWICK, NJ 08901-1296
- In care of
- % STEVEN KACZYNSKI
- Principal officer (990 for 2024)
- BERNEL HALL, 100 ALBANY STREET SUITE 250, NEW BRUNSWICK, NJ 08901
- Signed the 990
- BRIAN KIRKPATRICK, CHIEF FINANCIAL OFFICER
- Phone
- (732) 640-2061
- Return prepared by
- KPMG LLP
Mission
TO TRANSFORM AT-RISK COMMUNITIES THROUGH STRATEGIC INVESTMENTS OF CAPITAL AND KNOWLEDGE.
Program accomplishments
- COMMUNITY LOAN FUND OF NEW JERSEY (CLFNJ) TRANSFORMS AT-RISK COMMUNITIES THROUGH STRATEGIC INVESTMENTS OF CAPITAL AND KNOWLEDGE. SEE SCHEDULE O.Expenses $15,070,200 · grants $522,079 · revenue $11,979,448
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 22-2872262
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S120)
- Assets (IRS master file)
- $260,781,615
- Income (IRS master file)
- $17,887,516
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $14,543,849 | $19,291,657 | $260,781,615 | XML |
| 990 | September 2024 | $22,945,953 | $21,240,082 | $263,186,710 | XML |
| 990 | September 2023 | $19,077,899 | $18,059,409 | $224,707,415 | XML |
| 990 | September 2022 | $18,328,900 | $16,940,665 | $225,755,323 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2872262).
Questions about COMMUNITY LOAN FUND OF NEW JERSEY INC
- What is the EIN of COMMUNITY LOAN FUND OF NEW JERSEY INC?
- The employer identification number (EIN) of COMMUNITY LOAN FUND OF NEW JERSEY INC is 22-2872262.
- Is COMMUNITY LOAN FUND OF NEW JERSEY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to COMMUNITY LOAN FUND OF NEW JERSEY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY LOAN FUND OF NEW JERSEY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY LOAN FUND OF NEW JERSEY INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY LOAN FUND OF NEW JERSEY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of COMMUNITY LOAN FUND OF NEW JERSEY INC?
- The 990 for the year ended September 30, 2025 names BERNEL HALL.
- Who are the officers and directors of COMMUNITY LOAN FUND OF NEW JERSEY INC?
- The 990 for the year ended September 30, 2025 lists 24 people; 15 received compensation from the organization, the highest $722,475 (BERNEL HALL, PRESIDENT & CHIEF EXECUTIVE OFFICER).
- How much revenue does COMMUNITY LOAN FUND OF NEW JERSEY INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $14,543,849, expenses of $19,291,657 and total assets of $260,781,615 at year end.
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