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Community Lending Partners of New Jersey Inc

EIN 03-0472940 · New Brunswick, NJ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood82 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$1.4 million
Spending
$1.0 million
Spent on programs
99%
Reserves
36.4 months of spending
Largest source of income
fees for its services, 98%
Employees
0
Volunteers
14
Highest pay
$522,367, president and ceo

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 82 out of 100. Higher than 69% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 36.4 months of spending.

  • Debt

    2 of 20

    It owes 87% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 28% of income.

  • Income trend

    15 of 15

    Income rose 30% on the year before.

  • Spending floor

    15 of 15

    99% of spending went to programs.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100. Higher than 62% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.0 million spent. 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.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2002.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.