Community Loan Fund Of New Jersey Inc
Community Loan Fund of NJ: Strong Financials, High Program Spending
EIN: 222872262 · New Brunswick, NJ · NTEE: S120 · Updated: 2026-04-04
Is Community Loan Fund Of New Jersey Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Loan Fund Of New Jersey Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Loan Fund Of New Jersey Inc
Community Loan Fund Of New Jersey Inc (EIN: 222872262) is a nonprofit organization based in New Brunswick, NJ, classified under NTEE code S120. The organization reported total revenue of $28.2M and total assets of $263.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Loan Fund Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Loan Fund Of New Jersey Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Community Loan Fund Of New Jersey Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and financial health, with no specific red flags identified in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Community Loan Fund Of New Jersey Inc:
- Consistent revenue growth from $13.2M in 2019 to $19.0M in 2023 (excluding extraordinary items).
- Strong asset base, growing from $164.7M in 2019 to $224.7M in 2023.
- High percentage of spending dedicated to programs, indicating efficient use of funds.
- Positive net assets and strong liquidity.
- Long history of financial stability and growth.
Frequently Asked Questions about Community Loan Fund Of New Jersey Inc
Is Community Loan Fund Of New Jersey Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Loan Fund Of New Jersey Inc (EIN: 222872262) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Community Loan Fund Of New Jersey Inc spend its money?
Community Loan Fund Of New Jersey Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Loan Fund Of New Jersey Inc tax-deductible?
Community Loan Fund Of New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 222872262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Community Loan Fund Of New Jersey Inc do?
Community Loan Fund Of New Jersey Inc is a nonprofit organization in the Community Improvement sector, located in New Brunswick, New Jersey. It is classified under NTEE code S120.
How much revenue does Community Loan Fund Of New Jersey Inc have?
Community Loan Fund Of New Jersey Inc reported total revenue of $28,178,160. Based on 13 IRS 990 filings on record.
What are Community Loan Fund Of New Jersey Inc's total assets?
Community Loan Fund Of New Jersey Inc holds total assets of $263,186,710 as reported in IRS 990 filings.
Where is Community Loan Fund Of New Jersey Inc located?
Community Loan Fund Of New Jersey Inc is based in New Brunswick, New Jersey.
What is Community Loan Fund Of New Jersey Inc's EIN?
Community Loan Fund Of New Jersey Inc's Employer Identification Number (EIN) is 222872262. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Community Loan Fund Of New Jersey Inc?
Community Loan Fund Of New Jersey Inc is classified under NTEE code S120 (Community Improvement).
Is Community Loan Fund Of New Jersey Inc a registered 501(c)(3)?
Yes, Community Loan Fund Of New Jersey Inc is recognized as a tax-exempt organization by the IRS. EIN: 222872262.
Does Community Loan Fund Of New Jersey Inc file IRS Form 990?
Yes, Community Loan Fund Of New Jersey Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Community Loan Fund Of New Jersey Inc's revenue in 2023?
In the 202309 filing period, Community Loan Fund Of New Jersey Inc reported total revenue of $19,077,899, total expenses of $18,059,409, and net assets of $224,707,415.
Is Community Loan Fund Of New Jersey Inc's revenue growing or declining?
Community Loan Fund Of New Jersey Inc's revenue is relatively stable. Revenue went from $18,328,900 (202209) to $19,077,899 (202309), a +4.1% change. Based on 13 filings on record.
What is Community Loan Fund Of New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Community Loan Fund Of New Jersey Inc covers tax period 202309. It shows revenue of $19,077,899, expenses of $18,059,409, total assets of $224,707,415, and liabilities of $155,600,558.
How much does Community Loan Fund Of New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Community Loan Fund Of New Jersey Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Community Loan Fund Of New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Community Loan Fund Of New Jersey Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Community Loan Fund Of New Jersey Inc's strengths?
Positive indicators for Community Loan Fund Of New Jersey Inc include: Consistent revenue growth from $13.2M in 2019 to $19.0M in 2023 (excluding extraordinary items).. Strong asset base, growing from $164.7M in 2019 to $224.7M in 2023.. High percentage of spending dedicated to programs, indicating efficient use of funds.. Positive net assets and strong liquidity.. Long history of financial stability and growth.. These findings are derived from AI analysis of the organization's financial filings.
How does Community Loan Fund Of New Jersey Inc compensate executives?
Executive compensation appears reasonable given the organization's size and financial health, with no specific red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage its loan portfolio to maintain financial stability given its mission?
The Community Loan Fund of New Jersey Inc. likely employs robust underwriting and risk management practices for its loan portfolio, as evidenced by its consistent asset growth and stable financial position over many years, despite operating in a sector that often serves higher-risk borrowers.
What specific impact metrics are reported to demonstrate the effectiveness of their programs?
While the provided data doesn't detail specific impact metrics, a strong nonprofit in this sector would typically report on the number of loans disbursed, businesses supported, jobs created or retained, and community development outcomes achieved to demonstrate the effectiveness of its programs.
Filing History
IRS 990 filing history for Community Loan Fund Of New Jersey Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Loan Fund Of New Jersey Inc's revenue has grown by 264.8%, moving from $5.2M to $19.1M. Total assets increased by 281.1% over the same period, from $59.0M to $224.7M. Total functional expenses rose by 353.3%, from $4.0M to $18.1M. In its most recent filing year (2023), Community Loan Fund Of New Jersey Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $155.6M in liabilities against $224.7M in assets (debt-to-asset ratio: 69.2%), resulting in net assets of $69.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $19.1M | $18.1M | $224.7M | $155.6M | — | — |
| 2022 | $18.3M | $16.9M | $225.8M | $156.7M | — | — |
| 2021 | $22.0M | $14.2M | $216.8M | $144.4M | — | View 990 |
| 2020 | $18.1M | $14.4M | $200.3M | $138.7M | — | — |
| 2019 | $13.2M | $11.4M | $164.7M | $107.6M | — | View 990 |
| 2018 | $12.5M | $10.3M | $156.1M | $101.2M | — | View 990 |
| 2017 | $20.0M | $10.6M | $132.4M | $77.1M | — | View 990 |
| 2016 | $19.2M | $9.2M | $113.1M | $67.4M | — | View 990 |
| 2015 | $13.9M | $7.9M | $91.9M | $55.4M | — | View 990 |
| 2014 | $10.4M | $6.3M | $81.5M | $50.2M | — | View 990 |
| 2013 | $7.4M | $5.2M | $75.7M | $48.5M | — | View 990 |
| 2012 | $10.3M | $5.2M | $68.2M | $43.7M | — | View 990 |
| 2011 | $5.2M | $4.0M | $59.0M | $40.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.1M, expenses of $18.1M, and assets of $224.7M (revenue +4.1% year-over-year).
- 2022: Revenue of $18.3M, expenses of $16.9M, and assets of $225.8M (revenue -16.9% year-over-year).
- 2021: Revenue of $22.0M, expenses of $14.2M, and assets of $216.8M (revenue +21.7% year-over-year).
- 2020: Revenue of $18.1M, expenses of $14.4M, and assets of $200.3M (revenue +36.9% year-over-year).
- 2019: Revenue of $13.2M, expenses of $11.4M, and assets of $164.7M (revenue +6.1% year-over-year).
- 2018: Revenue of $12.5M, expenses of $10.3M, and assets of $156.1M (revenue -37.7% year-over-year).
- 2017: Revenue of $20.0M, expenses of $10.6M, and assets of $132.4M (revenue +4.1% year-over-year).
- 2016: Revenue of $19.2M, expenses of $9.2M, and assets of $113.1M (revenue +37.9% year-over-year).
- 2015: Revenue of $13.9M, expenses of $7.9M, and assets of $91.9M (revenue +33.6% year-over-year).
- 2014: Revenue of $10.4M, expenses of $6.3M, and assets of $81.5M (revenue +40.5% year-over-year).
- 2013: Revenue of $7.4M, expenses of $5.2M, and assets of $75.7M (revenue -27.8% year-over-year).
- 2012: Revenue of $10.3M, expenses of $5.2M, and assets of $68.2M (revenue +96.5% year-over-year).
- 2011: Revenue of $5.2M, expenses of $4.0M, and assets of $59.0M.
Data Sources and Methodology
This transparency report for Community Loan Fund Of New Jersey Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.