New Jersey Community Capital (Community Loan Fund of New Jersey)

Quick Facts

Entity Synopsis

ADDRESS:
108 CHURCH STREET, 3RD FLOOR NEW BRUNSWICK, NJ 08901
PHONE:

(732) 640-2061

EMAIL:
mail@njclf.com

New Jersey Community Capital is a statewide nonprofit loan fund that provides innovative financing solutions and meaningful technical assistance in underserved communities throughout New Jersey. NJCC is the largest community development financial institution headquartered in New Jersey and is the leading lender to charter schools in the state. Its various lending programs for charter schools range from acquisition and construction financing to mini-permanent and permanent financing to leasehold improvement, lease guaranties, and short-term working capital loans. NJCC's low cost financing options have supported more than 20,000 charter school seats representing more than 45 charter school campuses in New Jersey, New York, and Washington, DC.

By investing in financially sound, socially-motivated projects that are often unable to access capital from conventional sources, NJCC improves social outcomes while providing a reliable financial return to our investors. In recent years, NJCC has designed innovative strategies to mitigate the problems of the foreclosure crisis. Additionally, NJCC created several successful initiatives to support New Jersey's recovery from Superstorm Sandy and the COVID-19 pandemic. Meanwhile, NJCC continues to provide portfolio management, financial training, research sponsorship, and policy advocacy to advance the community development industry in New Jersey.

Entity Snapshot

2006
Total CSP Funds: $8,150,000.00
Total Directly Enhanced: $115,050,921
Total Financing Leveraged: $232,730,378
Number of Schools Served: 72
Number of New Schools Served: 39
2016
Total CSP Funds: $8,000,000.00
Total Directly Enhanced: $22,712,259
Total Financing Leveraged: $38,760,841
Number of Schools Served: 26
Number of New Schools Served: 14

Locations Served by CE Lenders

Schools Served

School Name Award Year Federal Fiscal Year School Served Amount of Financing Leveraged Grant Funds Committed
ACADEMY CHARTER HIGH SCHOOL 2006

2010

$13,880,000.00 $65,680.60
ACADEMY CHARTER HIGH SCHOOL 2006

2013

$13,880,000.00 $70,000.00
ACADEMY FOR URBAN LEADERSHIP CHARTER SCHOOL 2006

2012

$2,647,000.00 $140,000.00
ACHIEVERS EARLY PREPARATORY CHARTER SCHOOL 2006

2019

$130,000.00 $200,000.00
ACHIEVERS EARLY PREPARATORY CHARTER SCHOOL 2016

2019

$400,000.00 $100,000.00
BARACK OBAMA GREEN CHARTER HIGH SCHOOL 2006

2011

$333,330.00 $175,000.00
BELOVED COMMUNITY CHARTER SCHOOL 2006

2015

$333,330.00 $250,000.00
BELOVED COMMUNITY CHARTER SCHOOL 2006

2015

$4,850,000.00 $300,000.00
BELOVED COMMUNITY CHARTER SCHOOL 2006

2016

$250,000.00 $728,000.00
BELOVED COMMUNITY CHARTER SCHOOL 2016

2018

$300,000.00 $3,580,000.00
BENJAMIN BANNEKER PREPARATORY CHARTER SCHOOL 2006

2017

$12,500,000.00 $244,000.00
BRIDGETON PUBLIC CHARTER SCHOOL 2006

2020

$2,883,065.87 $129,532.94
BRIDGETON PUBLIC CHARTER SCHOOL 2016

2020

$722,242.00 $40,000.00
BRIDGETON PUBLIC CHARTER SCHOOL 2006

2016

$15,268,503.00 $75,000.00
BRIDGETON PUBLIC CHARTER SCHOOL 2006

2017

$2,650,000.00 $100,000.00
BRIDGETON PUBLIC CHARTER SCHOOL 2016

2018

$264,000.00 $50,000.00
BRIDGETON PUBLIC CHARTER SCHOOL 2016

2019

$275,000.00 $50,000.00
CENTRAL JERSEY ARTS CHARTER SCHOOL 2006

2014

$300,000.00 $150,000.00
COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL 2006

2015

$477,233.00 $450,000.00
COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL 2006

2016

$150,000.00 $500,000.00
COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL 2006

2017

$450,000.00 $350,000.00
COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL 2006

2017

$500,000.00 $3,754,923.53
COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL 2016

2018

$350,000.00 $750,000.00
COLLEGE ACHIEVE CENTRAL CHARTER SCHOOL 2016

2019

$16,688,549.00 $700,000.00
COLLEGE ACHIEVE GREATER ASBURY PARK CHARTER SCHOOL 2006

2017

$4,048,467.00 $500,000.00
COLLEGE ACHIEVE GREATER ASBURY PARK CHARTER SCHOOL 2016

2018

$3,145,675.00 $500,000.00
COLLEGE ACHIEVE GREATER ASBURY PARK CHARTER SCHOOL 2016

2019

$807,823.00 $525,000.00
COLLEGE ACHIEVE PATERSON CHARTER SCHOOL 2016

2018

$916,941.00 $500,000.00
COLLEGE ACHIEVE PATERSON CHARTER SCHOOL 2016

2019

$800,000.00 $525,000.00
COLLEGE ACHIEVE PATERSON CHARTER SCHOOL 2006

2017

$1,499,097.00 $500,000.00
COMMUNITY CHARTER SCHOOL OF PATERSON 2006

2013

$2,825,756.00 $120,000.00
CREATIVITY COLABORATORY CHARTER SCHOOL 2016

2020

$302,275.00 $100,000.00
DISCOVERY CHARTER SCHOOL 2006

2012

$2,221,848.00 $398,423.81
DR. LENA EDWARDS ACADEMIC CHARTER SCHOOL 2006

2011

$1,500,000.00 $250,000.00
E.L. HAYNES PUBLIC CHARTER SCHOOL 2006

2008

$5,330,306.30 $150,000.00
EMPOWERMENT ACADEMY CHARTER SCHOOL 2006

2017

$400,000.00 $216,000.00
FOUNDATION ACADEMY CHARTER SCHOOL 2006

2014

$23,000,000.00 $200,000.00
FOUNDATION ACADEMY CHARTER SCHOOL 2006

2016

$216,000.00 $288,000.00
GREAT OAKS CHARTER SCHOOL 2006

2012

$509,000.00 $777,576.19
GREATER BRUNSWICK CHARTER SCHOOL 2006

2008

$3,600,000.00 $100,000.00
GREATER BRUNSWICK CHARTER SCHOOL 2006

2009

$8,423,045.40 $197,500.00
HOBOKEN CHARTER SCHOOL 2006

2011

$398,842.30 $600,000.00
HOBOKEN CHARTER SCHOOL 2006

2013

$7,550,000.00 $600,000.00
HOPE ACADEMY CHARTER SCHOOL 2006

2011

$5,000,000.00 $639,911.50
HOPE ACADEMY CHARTER SCHOOL 2006

2012

$3,459,487.89 $150,000.00
HOPE ACADEMY CHARTER SCHOOL 2006

2012

$4,257,286.00 $417,500.00
JERSEY CITY COMMUNITY CHARTER SCHOOL 2006

2010

$4,257,286.00 $944,200.00
JERSEY CITY GLOBAL CHARTER SCHOOL 2006

2013

$3,705,904.08 $200,000.00
JERSEY CITY GLOBAL CHARTER SCHOOL 2006

2014

$3,228,200.00 $127,000.00
JERSEY CITY GLOBAL CHARTER SCHOOL 2006

2015

$200,000.00 $125,000.00
JERSEY CITY GLOBAL CHARTER SCHOOL 2016

2020

$1,359,450.00 $900,000.00
JOHN P. HOLLAND CHARTER SCHOOL 2016

2018

$127,000.00 $200,000.00
JOHN P. HOLLAND CHARTER SCHOOL 2016

2019

$125,000.00 $240,000.00
KINGDOM CHARTER SCHOOL OF LEADERSHIP 2006

2014

$555,992.00 $70,000.00
KINGDOM CHARTER SCHOOL OF LEADERSHIP 2006

2015

$752,492.00 $50,000.00
LEAD CHARTER SCHOOL 2006

2017

$73,500.00 $370,000.00
LEAD CHARTER SCHOOL 2006

2017

$50,000.00 $218,500.00
LEAD CHARTER SCHOOL 2016

2018

$740,000.00 $300,000.00
LEAD CHARTER SCHOOL 2016

2019

$218,500.00 $240,000.00
LEAD CHARTER SCHOOL 2006

2020

$4,070,000.00 $292,000.00
MARION P. THOMAS CHARTER SCHOOL 2006

2007

$818,825.00 $165,000.00
MARION P. THOMAS CHARTER SCHOOL 2006

2007

$969,248.00 $100,000.00
MARION P. THOMAS CHARTER SCHOOL 2006

2008

$2,750,000.00 $720,000.00
MARION P. THOMAS CHARTER SCHOOL 2006

2010

$313,711.00 $367,915.00
MARION P. THOMAS CHARTER SCHOOL 2006

2010

$4,118,631.00 $1,134,000.00
MARION P. THOMAS CHARTER SCHOOL 2006

2014

$367,915.00 $1,026,000.00
MERCER ARTS CHARTER HIGH SCHOOL 2006

2007

$4,118,631.00 $200,000.00
MILLVILLE PUBLIC CHARTER SCHOOL 2006

2016

$35,000,000.00 $75,000.00
MILLVILLE PUBLIC CHARTER SCHOOL 2006

2016

$1,603,996.00 $150,000.00
MILLVILLE PUBLIC CHARTER SCHOOL 2006

2017

$250,000.00 $250,000.00
MILLVILLE PUBLIC CHARTER SCHOOL 2016

2018

$243,474.00 $125,000.00
MILLVILLE PUBLIC CHARTER SCHOOL 2016

2019

$651,545.00 $100,000.00
MILLVILLE PUBLIC CHARTER SCHOOL 2016

2020

$529,095.00 $100,000.00
NEWARK EDUCATORS COMMUNITY CHARTER SCHOOL 2006

2009

$645,000.00 $175,000.00
NORTH STAR ACADEMY CHARTER SCHOOL 2006

2008

$657,953.00 $467,500.00
ONTECH CHARTER HIGH SCHOOL 2016

2020

$2,817,259.00 $200,000.00
PAUL ROBESEON CHARTER SCHOOL 2006

2017

$1,000,000.00 $250,000.00
PAUL ROBESEON CHARTER SCHOOL 2016

2018

$5,475,000.00 $200,000.00
PAUL ROBESON CHARTER SCHOOL 2006

2017

$567,083.20 $200,000.00
PAUL ROBESON CHARTER SCHOOL 2016

2019

$676,925.00 $160,000.00
PRINCIPLE ACADEMY CHARTER SCHOOL 2006

2019

$383,047.00 $400,000.00
SUSSEX COUNTY CHARTER SCHOOL OF TECHNOLOGY 2006

2009

$739,022.00 $18,750.00
SUSSEX COUNTY CHARTER SCHOOL OF TECHNOLOGY 2006

2009

$1,146,651.00 $2,150,000.00
SUSSEX COUNTY CHARTER SCHOOL OF TECHNOLOGY 2006

2010

$240,000.00 $340,000.00
SUSSEX COUNTY CHARTER SCHOOL OF TECHNOLOGY 2006

2011

$4,500,000.00 $680,000.00
TEAM ACADEMY CHARTER SCHOOL 2006

2009

$1,169,950.00 $187,500.00
TEAM ACADEMY CHARTER SCHOOL 2006

2010

$5,669,950.00 $174,669.04
TEAM ACADEMY CHARTER SCHOOL 2006

2012

$1,750,000.00 $324,000.00
TEANECK COMMUNITY CHARTER SCHOOL 2006

2007

$1,750,000.00 $45,360.00
UNITY CHARTER SCHOOL 2006

2010

$21,995,464.00 $155,808.00
UNITY CHARTER SCHOOL 2006

2010

$9,550,000.00 $260,000.00
UNIVERSITY HEIGHTS CHARTER SCHOOL 2006

2019

$1,843,728.00 $600,000.00
VINELAND PUBLIC CHARTER SCHOOL 2006

2016

$1,050,542.00 $75,000.00
VINELAND PUBLIC CHARTER SCHOOL 2006

2016

$2,764,497.00 $150,000.00
VINELAND PUBLIC CHARTER SCHOOL 2006

2017

$148,758.00 $250,000.00
VINELAND PUBLIC CHARTER SCHOOL 2016

2018

$648,960.00 $125,000.00
VINELAND PUBLIC CHARTER SCHOOL 2016

2019

$943,785.00 $100,000.00
VINELAND PUBLIC CHARTER SCHOOL 2016

2020

$1,093,313.00 $100,000.00

Lending Snapshot

Total Transaction Financing

Amounts Directly Enhanced and Financing Leveraged by Year

Number of Schools Served Each Year by Lender