New Brunswick-based New Jersey Community Capital on Tuesday said it appointed John “J.D.” Allen IV as its chief financial officer, effective immediately.
Allen brings over 20 years of financial management experience to his role, most recently serving as treasurer of Lakeland Bank. Previously, he held managerial positions at Deloitte & Touche, Citi and the Federal Reserve Bank of New York.
A certified public accountant and an ABA Stonier Graduate School of Banking graduate, 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. He will report directly to Bernel Hall, CEO and president of NJCC, working closely to establish and implement strategies to raise investments and operating capital so that NJCC can serve more communities.
“We are excited to welcome J.D. to the NJCC team,” Hall said. “This is a pivotal time for the organization, and his extensive financial experience will help NJCC reach even greater heights in the years ahead.”
“I am honored to join NJCC, such a purpose-driven institution,” Allen added. “I am excited to work with the leadership team as we continue to execute strategic and financial priorities focused on taking NJCC into its next chapter. NJCC provides me with many hands-on opportunities to positively impact the community through financial assistance, education and neighborhood development.”
2022 was a record year for NJCC. The organization closed over $47 million in loans in FY2022 — the most in a single year in its history. Currently, 55% of NJCC’s loan balance is to minority-owned businesses and minority-led nonprofits. Its strategic consulting team helped secure $3.6 million in competitive tax credit funding to support four low-income neighborhoods.