Business & Finance

Press Releases

Community Access Unlimited Announces $27.5M Line of Credit from Valley National Bank

Community Access Unlimited (CAU) has received a total of $27.5 million line of credit from Valley National Bancorp (NYSE: VLY). Of that, $20 million will help finance CAU’s growth and $7.5 million is for a owner-occupied construction-to-permanent mortgage for the agency's new office, according to Sid Blanchard, CAU executive director.

Community Access Unlimited is a statewide Elizabeth-based nonprofit providing support programs and services to adults with disabilities as well as youth served under the Department of Children and Families to enable them to live independently in the community, in areas including housing, vocational skills and life-skills training, education, advocacy and recreation.

CAU is a unique from other nonprofits in that through its business model it has achieved financial independence and does not rely on government funding. CAU has more than $40 million in assets and less than $2 million in debt.

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The agency owns more than 250 units of affordable housing throughout Union County, comprising apartments, condos, single-family homes, duplexes and townhouses, all privately financed. Many are mixed-use properties, providing an additional revenue stream to support and enhance CAU’s service capacity.

"This financial independence, very unusual in the nonprofit sector, allows CAU to operate free from the constraints that often come with public funding, enabling us to pursue the interests of our members more efficiently and effectively," Blanchard said. "Our partnerships with private sector lending institutions are essential for us to enjoy this financial success."

“We have been able to customize creative banking solutions for a number of nonprofits throughout our footprint,”   said Mwaura Muroki, Valley National Bank vice president. “We enjoy a long-standing relationship with CAU and remain committed to supporting their mission to provide services for individuals with special needs throughout New Jersey.”

Blanchard founded CAU in 1979 with a $90,000 grant and the mission to move people out of institutional living and into the community. Today the agency serves more than 6,000 members throughout the state.

Valley National was honored by CAU at the agency's 2015 Gala with the Ira Geller Award for the Financial Literacy Program the bank runs at the agency for its members. The award recognizes an individual or organization that has a significant commitment to CAU.

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Westfield

After 47 Years of Operation, Jade Isle Set to Close Its Doors in Scotch Plains

February 17, 2018

SCOTCH PLAINS, NJ — The iconic Jade Isle Restaurant located at the corner of Terrill Road and Second Street in Scotch Plains will close its doors forever after its last day on  Feb. 18. A phone call to the restaurant on Saturday confirmed that the Jade Isle's long history would come to an end Sunday.

Jade Isle has served a menu of traditional Chinese and Polynesian dishes and ...

Mayor Brindle’s Update

February 15, 2018

The following are highlights from the update that Mayor Shelley Brindle gave at Tuesday night’s town council meeting.

I first want to congratulate Nick Calello and David Went for their promotions to patrol officers in the Westfield Police Department. I’d also like to welcome and congratulate new Patrol Officer Fortunato Riga, who joins the police department this week upon his ...

Upcoming Events

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Sun, February 18, 3:00 PM

Lawton C. Johnson Middle School , Summit

New Jersey Intergenerational Orchestra Free ...

Arts & Entertainment

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Mon, February 19, 11:00 AM

Westfield Area YMCA, Westfield

President's Day Jump

Giving Back Health & Wellness

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Thu, February 22, 8:30 AM

Hilton Garden Inn, Hamilton , Hamilton

Defending Your Independent Contractor & Wage & ...

Business & Finance Education Law & Justice

Wardlaw+Hartridge Students Earn Scholarship Finalist Standing

February 17, 2018

The National Merit Scholarship Program has determined which of the 16,000 semifinalists named in September 2017 have met all requirements to advance to Finalist standing in the competition. All Finalists will be considered for National Merit Scholarships to be offered in 2018.

Wardlaw+Hartridge seniors Jennifer Guo and Suraj Chandran of Edison received their Finalist certificates from Susan ...

Westfield Police Blotter: DWI Arrest & More

February 15, 2018

February 7, 2018 10:25 p.m.

Officers Natale and Gill arrested Brian Mueller, age 55, of Westfield, NJ for driving while intoxicated pursuant to an accident investigation in the area of Mountain Avenue by Colonial Avenue. Subject was transported to headquarters, processed and released to a sober adult.

 

February 9, 2018 2:21 a.m.

Selena G. Palacios, age 22, of Westfield, NJ was ...

How Tax Reform Impacts You

The Tax Cuts and Jobs Act brings a host of changes to tax returns for 2018. Highlighted are just a few of the new rules that may impact many of our clients. Please reach out to us to find out if and how your personal situation is impacted.

For Business:

·       A flat 21% corporate tax rate for C corporations replaces the 15% - 35% graduate rate ...

Sinai or Sanctuary?

 

 

And in the beginning, G‑d was homeless, and so G‑d asked His people to set Him up with some digs. Where does it say that? Well, nowhere, actually. But it does say that G‑d instructed Moses to tell the people, “They shall make for Me a Sanctuary, that I may dwell among them.”

Now the question is, was G‑d really homeless? ...

Westfield Public Schools Celebrate High School and Intermediate Music Honors

Westfield High School sophomore Brooke Walden auditioned and was selected to the New Jersey All-State Wind Ensemble and Orchestra for a second straight year.  Brooke was the top scoring piccolo player and ranked third on the flute.  She will perform in February with the Wind Ensemble and in November with the Orchestra.

Walden also was among 12 WHS musicians to perform in January with ...

How to Talk with Kids About the Florida Shooting

February 13, 2018

The tragedy of the Florida school shooting is devastating, leaving 17 killed and 15 injured. Our children can easily identify with what occurred yesterday. It will be the topic of conversation today in schools everywhere. School administrators are doing all they can to provide support and guidance. The shootings affect children, teachers, and school personnel. The school shooting ...

Love Craft Beer But Hate the Tour? State Assembly Moves to Make it Easier for You to Belly Up to the Bar

Good news is a brew for New Jersey craft beer advocates. In February 2018, the New Jersey Assembly’s Agriculture and Natural Resources Committee paved the way for the introduction of Bill A2196, which would remove a current licensing rule requiring breweries and distilleries to provide a tour of their facilities before serving alcoholic beverages to consumers. Currently, breweries holding a ...

'What Stays' exposes family secrets and lies

‘What Stays’ exposes family secrets, resentment and lies

By Liz Keill

SUMMIT, NJ – In an original play by Laura Ekstrand and Jason Szamreta, the Dreamcatcher Repertory Theatre has provided an enlightening, funny and heart-felt view of family foibles.

Ekstrand has said that the germ of the play came from conversations with the ensemble members of the troupe, based on ...

6 Homes Sold Last Week in Westfield, Scotch Plains, Fanwood, Cranford & Mountainside

Six homes sold last week, 2/4/2018-2/11/18, in Westfield, Scotch  Plains, Fanwood, Mountainside and Cranford.*

Sale Price   TOWN                  ADDRESS                  ...

AtlantiCast

AtlantiCast Medical Minute: Atlantic Orthopedic Institute’s Scoliosis and Spinal Deformity Center

On this episode of the AtlantiCast Medical Minute, we’ll take you inside the Atlantic Orthopedic Institute’s Scoliosis and Spinal Deformity Center, with the center’s director, Jason Lowenstein, MD.

Video Link: https://www.youtube.com/watch?v=1M7euCp86-c

Cat Found in Westfield

UPDATE: Reunited with family!

ORIGINAL POST: Cat found in Golf Edge area of Westfield. Call 908-913-0509.

Doing Well While Doing Good

The new tax law is predicted to reduce significantly the number of taxpayers who itemize deductions.  That has some concerned about charitable giving. There are ways for taxpayers who do not itemize deductions to give to charity and still receive some tax benefits.

Give from your IRA. Those aged 70-1/2 or older, who must take required minimum distributions from retirement accounts, can ...

Imagine a Chatham Toboggan Ride from the Top of Fairmount Avenue to Main Street

Did you know….
there was a time when Chatham kids could ice skate from downtown Chatham all the way to Florham Park? And that a toboggan ride could last from the top of Fairmount Avenue down to Main Street and beyond?

Those were the days!

This was back in the early to mid-1900s. The Passaic River meandered through grassy meadows and woods on the north side of Chatham. The marshy ...

Obituaries

Kathleen Marie Christian (nee Helmstetter), age 73 of Surf City, NJ, passed away peacefully at home ...
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Nutley Schools Closed Friday Following Security Threat

February 16, 2018

NUTLEY, NJ — The Nutley Police Department is currently investigating a video posted to Instagram that suggested a possible threat to schools. Dr. Julie Glazer, Nutley Superintendent of Schools, made the decision late Thursday night to close Nutley schools on Friday as a safety precaution. 

The Nutley Police Department reports they have spoken to the individual ...