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Filing year 2023

COMMUNITY LOAN FUND OF NEW JERSEY INC

New Brunswick, New Jersey·EIN 22-2872262·NTEE S120 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$22.9M
Total assets
$263.2M
Total expenses
$21.2M
Reported officers
25
Mission

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

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

President & CEO
Above 90th percentilevs Community Improvement & Capacity Building peers in New Jersey
$522k
$586k
Base
$484k
Bonus
Other
Benefits
$29k
Gen Counsel & Chief Comp Off
Officer (Unspecified)
$355k
$398k
Base
$297k
Bonus
Other
Benefits
$52k
Former Chief Operating Off
Former Officer/director/trustee
75th to 90th percentile
$292k
$327k
Base
$165k
Bonus
Other
$125k
Benefits
$1k
Managing Dir, Lending
Key Employee
75th to 90th percentile
$245k
$275k
Base
$238k
Bonus
Other
Benefits
$505
Managing Dir, Portfolio Mgmt
Key Employee
Median to 75th percentile
$236k
$265k
Base
$188k
Bonus
Other
Benefits
$47k
Program Dir, Economic Development
Key Employee
Median to 75th percentile
$217k
$243k
Base
$165k
Bonus
Other
Benefits
$47k
Managing Dir, Bus Infrastructure
Key Employee
Median to 75th percentile
$215k
$241k
Base
$208k
Bonus
Other
Benefits
$1k
Chief Financial Officer
75th to 90th percentile
$214k
$240k
Base
$213k
Bonus
Other
Benefits
$956
Controller
75th to 90th percentile
$183k
$205k
Base
$165k
Bonus
Other
Benefits
$13k
Director of Communications
Director (Operational)
75th to 90th percentile
$173k
$195k
Base
$156k
Bonus
Other
Benefits
$15k
Director, Resource Development
Median to 75th percentile
$157k
$177k
Base
$136k
Bonus
Other
Benefits
$20k
Program Manager, Thrive South Jersey
Program Manager
75th to 90th percentile
$156k
$175k
Base
$151k
Bonus
Other
Benefits
$356
Assistant Controller
Controller
Median to 75th percentile
$145k
$163k
Director, Lending Portfolio Mgmt
Highest Compensated Employee
25th percentile to median
$142k
$159k
Director, Information Technology
Chief Information Officer
25th percentile to median
$134k
$150k
Community Development Loan Officer
Highest Compensated Employee
25th percentile to median
$127k
$143k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at COMMUNITY LOAN FUND OF NEW JERSEY INC equaled 2% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
2%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 58%
from 2022

From $332k in 2022 to $522k in 2023.

$332k
2022
$522k
2023
In today's dollarsEst.
Up 52% in real terms$386k to $586k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 58% from 2022 to 2023, while revenue rose 20%.

$332k in 2022 to $522k in 2023.
  • Key Employee pay rose 10% from 2022 to 2023.
  • Controller pay rose 2% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about COMMUNITY LOAN FUND OF NEW JERSEY INC

What does the Chief Executive Officer of COMMUNITY LOAN FUND OF NEW JERSEY INC earn?

In 2023, the Chief Executive Officer of COMMUNITY LOAN FUND OF NEW JERSEY INC received $522,367 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in New Jersey: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at COMMUNITY LOAN FUND OF NEW JERSEY INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in New Jersey, the 2023 pay of the Chief Executive Officer at COMMUNITY LOAN FUND OF NEW JERSEY INC falls in the top 10%. In 2023, the highest total compensation at COMMUNITY LOAN FUND OF NEW JERSEY INC equaled 2% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are COMMUNITY LOAN FUND OF NEW JERSEY INC's revenue and expenses?

In 2023, COMMUNITY LOAN FUND OF NEW JERSEY INC reported $22.9M in total revenue and $21.2M in total expenses on its IRS Form 990.

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