COMMUNITY LOAN FUND OF NEW JERSEY INC (EIN 222872262) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

BERNEL HALL

Phone

7326402061

Tax Period

2023-10-01 to 2024-09-30

COMMUNITY LOAN FUND OF NEW JERSEY INC, founded in 1987, is a mid-sized nonprofit in the Community Improvement sector that reported $22.9M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $21.2M left a modest 7% surplus.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,085,743

Program Service Revenue $12,549,821

Investment Income $282,035

Other Revenue $28,354

TOTAL REVENUE $22,945,953

Expense Breakdown

Grants Paid $1,000,855

Salaries & Benefits $6,041,050

Fundraising Expenses $1,252,617

Program Expenses $17,768,606

Other Expenses $14,198,177

TOTAL EXPENSES $21,240,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,945,953	$19,077,899	+0.2%
Expenses	$21,240,082	$18,059,409	+0.2%
Net Income	$1,705,871	$1,018,490	+0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,273,379

Total Directors

Key Employees

$1,241,421

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGG B GUNSELMAN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
PAUL ALEXANDER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LINWOOD L ROBBINS	TREASURER	1.00	Officer Director	$0	$0	$0
BRYAN LONG	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE E RICHARDSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
EVAN WEISS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
LYNEIR RICHARDSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
SABRINA N CONYERS	BOARD DIRECTOR (AS OF 01/24)	1.00	Director	$0	$0	$0
MARIA VIZCARRONDO	BOARD DIRECTOR (UNTIL 09/24)	1.00	Director	$0	$0	$0
BERNEL HALL	PRESIDENT & CEO	34.00	Officer	$483,854	$38,513	$522,367
JOHN D ALLEN IV	CHIEF FINANCIAL OFFICER	33.50	Officer	$212,695	$956	$213,651
MELINDA COLON-COX	GEN COUNSEL & CHIEF COMP OFF	34.00	Officer	$296,976	$57,869	$354,845
STEVEN KACZYNSKI	CONTROLLER	34.00	Officer	$165,377	$17,139	$182,516
LEAH APGAR UNTIL 0224	MANAGING DIR, LENDING	30.00	Key Emp	$238,159	$6,624	$244,783
CARA PURCELL UNTIL 1223	MANAGING DIR, BUS INFRASTRUCTURE	34.00	Key Emp	$208,124	$6,790	$214,914
VARUN AGNIHOTRI	MANAGING DIR, PORTFOLIO MGMT	40.00	Key Emp	$187,664	$48,586	$236,250
RONALD WONG UNTIL 0324	PROGRAM DIR, ECONOMIC DEVELOPMENT	40.00	Key Emp	$164,923	$51,596	$216,519
VANESSA QUIJANO	DIRECTOR OF COMMUNICATIONS	35.00	Key Emp	$156,126	$17,255	$173,381
LAURA WALLICK	PROGRAM MANAGER, THRIVE SOUTH JERSEY	40.00	Key Emp	$151,031	$4,543	$155,574
MANUEL MALIXI	ASSISTANT CONTROLLER	5.00	Highest	$137,958	$7,442	$145,400
DAVID BLOOMBERG UNTIL 0624	DIRECTOR, LENDING PORTFOLIO MGMT	30.00	Highest	$136,302	$5,618	$141,920
COLLEEN VELEZ UNTIL 0524	DIRECTOR, RESOURCE DEVELOPMENT	35.00	Highest	$135,693	$21,756	$157,449
WALTER PRICE	COMMUNITY DEVELOPMENT LOAN OFFICER	40.00	Highest	$123,409	$3,703	$127,112
LEONARD F SZOT II	DIRECTOR, INFORMATION TECHNOLOGY	30.00	Highest	$119,491	$14,547	$134,038
MARIE MASCHERIN	FORMER CHIEF OPERATING OFF	0.00		$290,435	$1,257	$291,692

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$22,945,953	$21,240,082	$263,186,710	$1,705,871
2023	$19,077,899	$18,059,409	$224,707,415	$1,018,490
2022	$18,328,900	$16,940,665	$225,755,323	$1,388,235
2021	$22,047,293	$14,202,902	$216,841,059	$7,844,391
2020	$18,113,817	$14,370,769	$200,340,591	$3,743,048
2019	$13,227,452	$11,449,595	$164,749,911	$1,777,857
2018	$12,466,844	$10,336,508	$156,081,232	$2,130,336

COMMUNITY LOAN FUND OF NEW JERSEY INC