Capital With Purpose

In FY25, we deployed $45.4 million in loans and investments across 138 transactions, leveraging an additional $95 million in external capital. We supported 41 housing units, helped more than 1,210 individuals retain or secure jobs, created 842 education seats, and served more than 10,700 people across New Jersey.

Through our Address Yourself Down Payment Assistance Program, we helped 101 first-time homebuyers achieve homeownership through $2.3 million in down payment grants, catalyzing $32 million in mortgage activity. In addition, projects financed by NJCC and CAPC borrowers created 98 new affordable homeownership units across New Jersey, expanding opportunities for families to build wealth and achieve long-term housing stability.

Our KPMG-audited consolidated financial statements reflect the strength and stability of our organization. Total net assets reached $71 million at fiscal year-end, and we closed the year with more than $63 million in cash and cash equivalents. Despite macroeconomic headwinds, we generated $5 million in investment income after provisions for credit losses. This marked a meaningful improvement over the prior year and demonstrates our continued momentum.

This year also marked a significant period of growth for NJCC. New Jersey is—and always will be—our home. That commitment to our roots was reflected in transformative investments in projects such as Newark Educators Community Charter School in Newark, Cove Pointe in Jersey City, Village Supermarket at Brick Church in East Orange, and Hope Manor in New Brunswick.

At the same time, we thoughtfully expanded our reach, bringing our proven model and mission-driven approach to communities beyond our state. In FY25, we made significant investments in projects including The Hip Hop Museum in the Bronx, The Enolia in Baltimore, and Buckhead Flats in Atlanta. These projects demonstrate how disciplined, purpose-driven capital can create meaningful impact at scale.

Throughout the year, NJCC advanced its mission through purposeful investments in housing, jobs, education infrastructure, and the development of commercial and community real estate projects. These efforts reflect a steady approach to deploying capital in ways that respond to local needs while supporting long-term community stability. The outcomes of that work are reflected throughout this report.

A continued strength of NJCC's model is its ability to attract additional investment alongside its own commitments. For every dollar deployed, more than two dollars of external capital were leveraged from public and private sources. This level of coordination reflects strong relationships, careful stewardship, and consistent execution—and it remains central to how NJCC extends its reach and increases community impact.

This work is made possible through collaboration and support from many valued partners. Relationships with community leaders, public officials at all levels of government, private sector partners, and other mission-aligned organizations help amplify NJCC's impact. These partnerships take many forms, including financial participation, joint project development, and targeted investments that bring additional resources into communities.

The Board looks forward to supporting even greater impact in 2026 and beyond. As a national organization with deep roots in New Jersey, NJCC remains grounded in its home state even as it broadens its reach. In this next phase, we will continue strengthening our internal culture, supporting our people, and integrating investment expertise with a clear commitment to community development—so that NJCC can deliver consistent, effective, and mission-aligned impact across all markets.

We are grateful for the continued partnership, trust, and support that make this work possible. Together, we will continue building stronger, more resilient communities.

Located in Newark, New Jersey, NECCS serves students from pre-kindergarten through eighth grade with a strong focus on literacy, individualized instruction, and whole-child development. The school primarily supports students from underserved communities and has built a reputation for academic rigor, family engagement, and student-centered learning.

To support the school during the 2025–2026 academic year, NJCC provided a $650,000 facilities-based working capital term loan. The financing helped bridge the timing gap between facility-related operating costs and delayed state aid reimbursements, ensuring uninterrupted school operations and maintaining a high-quality learning environment for students and families.

The loan supported critical facility expenses including rent, utilities, maintenance, repairs, and insurance tied to the school's long-term leased campus in Newark. By structuring capital around the school's operational realities, NJCC enabled NECCS to remain focused on delivering educational outcomes rather than navigating short-term financial disruptions.

At the core of NJCC's investment approach is the belief that access to stable, flexible capital strengthens community institutions that families rely on every day. In the case of NECCS, that meant ensuring students could continue learning in a safe, consistent, and supportive environment while school leadership maintained financial flexibility during periods of delayed funding.

Today, NECCS continues to serve Newark families with a mission rooted in academic excellence, creativity, and student achievement. NJCC's financing demonstrates how purpose-driven capital can stabilize critical community assets and help mission-based organizations continue delivering impact where it matters most.

The journey to homeownership was long. Emanuel and Kimberlyn began searching in 2022, but limited inventory in their price range, the need for down payment savings, and the complexities of securing a mortgage seemed insurmountable. They considered moving to states with lower housing costs, but found that even those markets were out of reach. The Molinas suspended their search in 2023. Discouraged by their prospects of owning a home in the United States, they began planning a move to Kimberlyn's home country of Spain. Emanuel continued researching affordable housing resources online, which led him to NJCC.

Even after finding their home in New Brunswick, challenges remained. Emanuel had worked to strengthen the family's finances by paying off credit cards and closing unneeded accounts. While this improved their financial position, it unexpectedly lowered his credit score and made obtaining a mortgage difficult. His mortgage provider helped resolve the issue, ultimately issuing a pre-approval that allowed the couple to move forward and apply for NJCC down payment assistance.

From there, the path to homeownership began to unfold. Emanuel secured a job transfer to New Brunswick to avoid a long commute. When the closing was delayed, he began staying in New Brunswick during the week to reduce commuting time and costs. After the family gave up their apartment and the closing was delayed again, New Brunswick Tomorrow provided temporary housing for the final month.

Finally, on the last day of October 2025, the long road was over, and the family took possession of their new home. Their monthly mortgage payment is 30% less than their previous rent, and with NJCC's down payment and closing cost assistance, they closed with no out-of-pocket expenses.