Overview
What is Community Lending Partners Of New Jersey Inc?
Community Lending Partners of New Jersey Inc., headquartered in New Brunswick, New Jersey, is a nonprofit organization dedicated to improving at-risk communities. By strategically investing capital and knowledge, the organization has supported over 213 projects worth $101.7 million since its establishment in 2004. These initiatives have led to the creation or preservation of 777 housing units, 367 jobs, 3,339 education seats, 552 childcare slots, and over 485,000 square feet of community and commercial facilities. The organization shares a mission and board with Community Loan Fund of New Jersey, aiming to provide financing for community development projects, including affordable housing and economic development initiatives, to further expand capital availability for local growth.
Official website here: www.newjerseycommunitycapital.org
Is Community Lending Partners Of New Jersey Inc legitimate?
Community Lending Partners Of New Jersey Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Lending Partners Of New Jersey Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $173,500
For more financial information, click here
Official website here: www.newjerseycommunitycapital.org
What is the mission statement of Community Lending Partners Of New Jersey Inc?
Community Lending Partners of New Jersey Inc's mission is to support the public purposes and activities of the Community Loan Fund of New Jersey (CLFNJ). This involves providing financing for 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. The organization's goal is to contribute to these projects, thereby promoting growth and improvement in the community. For more specific details, one can refer to Schedule O.
Official website here: www.newjerseycommunitycapital.org
Who is the CEO of Community Lending Partners Of New Jersey Inc?
Bernel Hall is the President And Ceo (As Of 10/2021) of Community Lending Partners Of New Jersey Inc. The CEO's salary of Community Lending Partners Of New Jersey Inc is $0 and their total compensation is $57,175.
Official website here: www.newjerseycommunitycapital.org
What is the revenue of Community Lending Partners Of New Jersey Inc?
Community Lending Partners Of New Jersey Inc's revenue in 2022 was $1,102,696.
Official website here: www.newjerseycommunitycapital.org
Who are the executives of Community Lending Partners Of New Jersey Inc and what are their salaries?
There 20 volunteers at Community Lending Partners Of New Jersey Inc.
Here are 19 key members and their salaries (Community Lending Partners Of New Jersey Inc's CEO's salary is $0 and their total compensation is $57,175):
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- Related: $56,557
- Other: $618
- Compensation: $0
- Related: $281,386
- Other: $24,043
- Compensation: $0
- Related: $255,677
- Other: $8,387
- Compensation: $0
- Related: $127,932
- Other: $36,526
- Compensation: $0
- Related: $184,110
- Other: $54,683
- Compensation: $0
- Related: $155,998
- Other: $41,392
- Compensation: $0
- Related: $168,216
- Other: $5,969
- Compensation: $0
- Related: $116,660
- Other: $6,120
- Compensation: $0
- Related: $520,074
- Other: $45,228
Official website here: www.newjerseycommunitycapital.org
Where can I find the form 990 for Community Lending Partners Of New Jersey Inc?
Community Lending Partners Of New Jersey Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newjerseycommunitycapital.org
Learn more at the official website: www.newjerseycommunitycapital.org
Mission Statement of Community Lending Partners Of New Jersey Inc
Community Lending Partners of New Jersey Inc is an organization committed to supporting the public purposes and activities of the Community Loan Fund of New Jersey (CLFNJ) Inc. Their mission, in essence, involves providing financing for community development projects. This encompasses a wide range of initiatives, including the development and preservation of affordable housing, and expanding the capital available for community and economic development throughout New Jersey. By offering financial support to such projects, Community Lending Partners of New Jersey Inc plays a crucial role in contributing to the betterment of local communities and fostering sustainable growth.
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Impact
October, 2024
Community Lending Partners Of New Jersey Inc (CLPNJ) has a significant impact on the state's at-risk communities by providing crucial financing for community development projects. Since its inception in 2004, CLPNJ has closed 213 loans totaling over $101.7 million, successfully leveraging an additional $200.7 million in public and private capital.
These investments have had tangible results, including the creation and preservation of 777 housing units, which directly addresses the need for affordable housing. Additionally, the organization has facilitated the creation of 367 jobs and provided 3,339 education seats and 552 childcare slots, enhancing both educational and childcare access in underserved areas.
Furthermore, CLPNJ's efforts have resulted in over 485,000 square feet of community and commercial facilities, contributing to the overall economic development of New Jersey. By strategically investing in these projects, CLPNJ not only supports low-income communities but also fosters economic growth and stability throughout the region.
This information is meant to be a general summary of Community Lending Partners Of New Jersey Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,482
- Program Service Revenue: $1,101,214
- Gross Receipts: $1,102,696
Assets and Liabilities:
- Total Assets: $21,863,687
- Total Liabilities: $19,174,126
- Net Assets: $2,689,561
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$989,819
LOAN FEES
Revenue
$111,395
Organization Details
Founding Year
2002
Phone
(732) 640-2061Principal Officer
Bernel Hall
Main Address
100 ALBANY STREET SUITE 250, NEW BRUNSWICK, NJ, 08901
NTEE Category
Code: L122 - Housing
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