NJCC

WSFS CARES Foundation Provides More Than $185K in First Quarter Grants to Community Organizations

Retrieved on: 
Wednesday, March 27, 2024
Professional Services, Philanthropy, Environmental, Social and Governance (ESG), Socially Responsible Investing, Finance, Foundation, Banking, Delaware State University, DLC, Altruism, Organization, University, Science, Education, WSFS, Temple University, NJCC, Research, Economic development, Acquisition, WSFS Bank, Volunteering, CDFI, STEMM, Engineering, Ecosystem, DPP, Distance, Rehabilitation, Medicine, Nursing

The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to five organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation.

Key Points: 
  • The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to five organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation.
  • “The mission of the WSFS CARES Foundation is to support nonprofits that are invested in improving communities and fostering a spirit of inclusion and diversity,” said Patrick J.
  • Ward, Executive Vice President, Pennsylvania Market President at WSFS Bank and Chairman of the WSFS CARES Foundation.
  • We are grateful to WSFS for their investment in the revitalization of this Wilmington, Delaware community.”

New Jersey Community Capital Pledges $50,000 to Five East Coast Cities to Commemorate Black History Month

Retrieved on: 
Wednesday, February 21, 2024
Community engagement, City, NAACP, Youth council, Parker, Attention, Homicide, Memory, NJCC, Community foundation, MLK, Drug

NEW BRUNSWICK, N.J., Feb. 21, 2024 /PRNewswire/ -- For the second consecutive year, New Jersey Community Capital, a leading nonprofit community development financial institution (CDFI), is committing $50,000 to support nonprofits in traditionally underserved areas during Black History Month. The grants also commemorate Dr. Martin Luther King, Jr. for his momentous strides to achieve equality, justice and equity in our nation and beyond.

Key Points: 
  • "Impact is in the name of the Newark Community Impact Fund because that is its foundational purpose," said fund host Hans Dekker, president of the Community Foundation of New Jersey.
  • "NJCC will help the next generation of change agents and difference makers prepare our nation for a better, more just future.
  • "This generous gift to the Paterson Mayor's Wellness Campaign will help our collective efforts to support our community," said Paterson Mayor Andre Sayegh.
  • Every bit of support for our constant, ongoing efforts in violence prevention and community engagement is deeply appreciated by the Parker administration."

Marie Mascherin, Longtime Chief Operating Officer of New Jersey Community Capital, Closes Out Career

Retrieved on: 
Thursday, June 29, 2023
Growth, NJCC, CDFI, Management

NEW BRUNSWICK, N.J., June 29, 2023 /PRNewswire-PRWeb/ --  New Jersey Community Capital (NJCC), the state's largest community development financial institution (CDFI), announces the departure of Marie Mascherin as Chief Operating Officer of NJCC effective June 30, 2023. During her 15-year tenure in executive leadership, Mascherin has been responsible for overseeing the organization's lending, portfolio management and compliance, mortgage platform, down payment assistance and community consulting activities.

Key Points: 
  • During her 15-year tenure in executive leadership, Mascherin has been responsible for overseeing the organization's lending, portfolio management and compliance, mortgage platform, down payment assistance and community consulting activities.
  • "Marie has played a key role in developing NJCC into the organization it is today.
  • Her commitment to our mission, borrowers, employees and the communities we serve has created a positive impact throughout New Jersey," said Bernel Hall, President and CEO of New Jersey Community Capital.
  • When it comes to community development, NJCC does the hard stuff that can have a significant, long-term impact on a community, making it a better place," said Mascherin.

Executive Vice President of RWJBarnabas Health Joins Board of Directors of New Jersey Community Capital

Retrieved on: 
Tuesday, May 2, 2023
Columbia University, JPMorgan Chase, Rutgers Business School – Newark and New Brunswick, Independence Blue Cross, Transformation, University, Education, RWJBarnabas Health, Leonard Davis Institute of Health Economics, Horizon Blue Cross Blue Shield of New Jersey, University School, Philadelphia, Becker's Hospital Review, Medicare, Wharton School of the University of Pennsylvania, Case Western Reserve University School of Medicine, Public health, UnitedHealth Group, CDFI, Economic development, Widener University Commonwealth Law School, AstraZeneca, BIPOC, NJCC, Health Partners Plans, Health, Wells Fargo, Forest Law Enforcement and Governance Program, Management, Medicaid

NEW BRUNSWICK, N.J., May 2, 2023 /PRNewswire-PRWeb/ -- New Jersey Community Capital (NJCC), the state's largest community development financial institution (CDFI), is pleased to welcome Dr. Paul Alexander to the organization's board of directors. Dr. Alexander is currently Executive Vice President, Chief Health Equity and Transformation Officer at RWJBarnabas Health, where he is responsible for the health system's social mission developing strategies to promote the health and wellness of the communities served, including employees. He was recently recognized as a Black healthcare leader to know by Becker's Hospital Review.

Key Points: 
  • NEW BRUNSWICK, N.J., May 2, 2023 /PRNewswire-PRWeb/ -- New Jersey Community Capital (NJCC) , the state's largest community development financial institution (CDFI), is pleased to welcome Dr. Paul Alexander to the organization's board of directors.
  • Dr. Alexander is currently Executive Vice President, Chief Health Equity and Transformation Officer at RWJBarnabas Health, where he is responsible for the health system's social mission developing strategies to promote the health and wellness of the communities served, including employees.
  • His knowledge and understanding of community health will greatly support the work NJCC is leading in the community and industry," said Bernel Hall, President and CEO of NJCC.
  • "Dr. Alexander's expertise and experience working in health care and health insurance adds an invaluable perspective to our board.

US Treasury Awards New Jersey Community Capital $5M Grant from CDFI Equitable Recovery Program

Retrieved on: 
Thursday, April 13, 2023
Housing, U.S. Department of Defense Strategy for Operating in Cyberspace, Community Development Financial Institutions Fund, COVID-19, Quality of life, ERP, Organization, Treasury, CDFI, Economic development, NJCC, Federation, Tourism

NEW BRUNSWICK, N.J., April 13, 2023 /PRNewswire-PRWeb/ --  New Jersey Community Capital (NJCC), the state's largest community development financial institution (CDFI), is proud to announce that the U.S. Department of Treasury's CDFI Fund has awarded the organization $4,957,678 in funds through the Equitable Recovery Program (ERP). Announced by Vice President Kamala Harris and Deputy Secretary of the Treasury Wally Adeyemo this week, NJCC was one of 603 CDFIs in the nation to receive a portion of the $1.73 billion grant.

Key Points: 
  • The grant will support NJCC's work fostering equitable and inclusive economic growth in underserved communities.
  • NEW BRUNSWICK, N.J., April 13, 2023 /PRNewswire-PRWeb/ -- New Jersey Community Capital (NJCC), the state's largest community development financial institution (CDFI), is proud to announce that the U.S. Department of Treasury's CDFI Fund has awarded the organization $4,957,678 in funds through the Equitable Recovery Program (ERP).
  • "We are thrilled to receive this significant investment from the Equitable Recovery Program," said Bernel Hall, President and CEO of NJCC.
  • We are grateful for the opportunity to continue our work in fostering equitable economic development and creating opportunities for New Jersey residents."

New Jersey Community Capital Appoints John D. Allen IV as Chief Financial Officer

Retrieved on: 
Tuesday, March 28, 2023
Federal Reserve Bank, Education, History, Accounting, Citigroup, Villanova University, CAPC, Investment, CDFI, CFO, NJCC, Treasurer, Financial management, Management, Bank

NEW BRUNSWICK, N.J., March 28, 2023 /PRNewswire-PRWeb/ -- New Jersey Community Capital (NJCC), the state's largest community development financial institution (CDFI), is pleased to announce the appointment of John "J.D." Allen IV as its Chief Financial Officer (CFO), effective March 27.

Key Points: 
  • NEW BRUNSWICK, N.J., March 28, 2023 /PRNewswire-PRWeb/ -- New Jersey Community Capital (NJCC) , the state's largest community development financial institution (CDFI), is pleased to announce the appointment of John "J.D."
  • Allen IV as its Chief Financial Officer (CFO), effective March 27.
  • Allen brings over 20 years of financial management experience to his role as CFO at NJCC.
  • Allen will manage all financial operations, including the audit process, budgeting, capital management, cash management and liquidity, internal and external financial reporting, and regulatory reporting.

New Jersey Community Capital Selects Momentum Advisors to Invest $2.3M to Improve the State's Charter School Facilities

Retrieved on: 
Tuesday, March 7, 2023
Momentum, Securities and Exchange Commission of Pakistan, NJCC, Acquisition, RIA, United States Secretary of Education, CDFI, Pensions Reserve Fund (France), MBE, Credit, Black, U.S. Department of Defense Strategy for Operating in Cyberspace, Organization, Minority business enterprise, Treasury, Reserve, Financial adviser, Education

NEW BRUNSWICK, N.J., March 7, 2023 /PRNewswire-PRWeb/ -- New Jersey Community Capital (NJCC), the state's largest community development financial institution (CDFI), announced today that it has selected Momentum Advisors to invest $2.3 million of the $8 million Credit Enhancement Program grant awarded to NJCC in 2016 by the U.S. Department of Education. The grant is to diversify the provision of loan and lease guarantees for developing, expanding and improving public charter school facilities in disadvantaged districts in New Jersey.

Key Points: 
  • NEW BRUNSWICK, N.J., March 7, 2023 /PRNewswire-PRWeb/ -- New Jersey Community Capital (NJCC) , the state's largest community development financial institution (CDFI), announced today that it has selected Momentum Advisors to invest $2.3 million of the $8 million Credit Enhancement Program grant awarded to NJCC in 2016 by the U.S. Department of Education.
  • The grant is to diversify the provision of loan and lease guarantees for developing, expanding and improving public charter school facilities in disadvantaged districts in New Jersey.
  • NJCC, the leading charter school lender in New Jersey, has provided acquisition, predevelopment, construction, mini-permanent and permanent financing to more than 30 charter schools, creating or preserving more than 18,400 charter school seats — 37% of all seats in the state.
  • We are thrilled to partner with Momentum Advisors, a Black-owned business, to help us pursue this goal," said Bernel Hall, president and CEO of New Jersey Community Capital.

PAVmed Digital Health Subsidiary Veris Health's Veris Cancer Care Platform™ Goes Live

Retrieved on: 
Tuesday, February 28, 2023
Google Play, NJCC, Learning, Cancer, Quality of life, CCP, Patient, RPM, App Store (iOS/iPadOS), Medical imaging, Nursing, Veris

NEW YORK, Feb. 28, 2023 /PRNewswire/ -- PAVmed Inc. (Nasdaq: PAVM, PAVMZ) ("PAVmed"), a diversified commercial-stage medical technology company, operating in the medical device, diagnostics, and digital health sectors, and its majority-owned digital health subsidiary Veris Health Inc. ("Veris"), today announced that the Veris Cancer Care Platform™ (Veris CCP), designed to enhance personalized cancer care through remote patient monitoring (RPM), is now live following successful onboarding of the first cohort of cancer patients and their clinicians.

Key Points: 
  • NEW YORK, Feb. 28, 2023 /PRNewswire/ -- PAVmed Inc. (Nasdaq: PAVM, PAVMZ) ("PAVmed"), a diversified commercial-stage medical technology company, operating in the medical device, diagnostics, and digital health sectors, and its majority-owned digital health subsidiary Veris Health Inc. ("Veris"), today announced that the Veris Cancer Care Platform™ (Veris CCP), designed to enhance personalized cancer care through remote patient monitoring (RPM), is now live following successful onboarding of the first cohort of cancer patients and their clinicians.
  • The patients also began reporting symptoms, as well as general health and quality of life parameters, to their cancer care team through the Veris CCP patient smartphone app (which allows caretakers and loved ones to follow along the patient's journey).
  • "We are very excited that the promise of enhancing personalized cancer care through RPM using our state-of-the-art digital health platform, Veris CCP, has become a reality for cancer patients and their clinicians," said Lishan Aklog, M.D.
  • "Our team together with the New Jersey Cancer Care team flawlessly executed the required technical integration and onboarding processes.

The Community Development Trust Appoints Jeff Crum as Vice President - Equity Originations

Retrieved on: 
Monday, January 3, 2022
Growth, SVP, CDT, South Rhins Community Development Trust, Rutgers University, Edward, Investment, Catholic higher education, St. Joseph's House for Homeless Industrious Boys, House, Elizabeth, City, Board, Community development, CDFI, Master, Board of directors, CAPC, Catholic University of America, NJCC, Head, Homelessness, Community development financial institution, Fannie Mae, Federal Home Loan Banks, Public policy, REIT, CIO, Financial services, Social work

NEW YORK, Jan. 3, 2022 /PRNewswire-PRWeb/ -- The Community Development Trust ("CDT") announced today it has appointed Jeff Crum as Vice President - Equity Originations.

Key Points: 
  • NEW YORK, Jan. 3, 2022 /PRNewswire-PRWeb/ -- The Community Development Trust ("CDT") announced today it has appointed Jeff Crum as Vice President - Equity Originations.
  • CDT invests long-term equity capital alongside proven and reputable affordable housing operators to create and preserve long-term affordability and provide high-quality, affordable housing to residents.
  • "Jeff has extensive experience successfully and creatively navigating the complexities of affordable housing and community development finance," said Michael Lear.
  • "We are excited for Jeff to add value to the originations team as CDT continues to grow through acquisitions and strategic partnerships."

Local Initiative Support Corporation’s Black Economic Development Fund Partners with The New Jersey “40 Acres and a Mule” Fund to Invest Up to $25M in New Jersey

Retrieved on: 
Wednesday, October 20, 2021
Secretary of State of New Jersey, Bank of America, Work, Arm, Bank, Fund, Local Initiatives Support Corporation, Organization, Social justice, Acre, LISC, U.S. Securities and Exchange Commission, Gaps, New Jersey Institute of Technology, GLOBE, Health, Partner (business rank), SI, LLC, City, Partnership, SEC, NJCC, CDFI, Investment, Drug

LISC is one of the U.S.s largest Community Development Finance Institutions (CDFIs) investing in communities of opportunity across the country.

Key Points: 
  • LISC is one of the U.S.s largest Community Development Finance Institutions (CDFIs) investing in communities of opportunity across the country.
  • The partnership will amplify efforts to improve access to capital for Black businesses and strengthen economic opportunity for Black communities in New Jersey.
  • The BEDF is managed by the Local Initiatives Support Corporations Strategic Investments team and LISC Fund Management, LLC, a LISC affiliate.
  • The NJ FAM Fund will operate as a private investment vehicle with assistance from broad public support.