Overview
What is Hebrew Free Loan Society Inc?
The Hebrew Free Loan Society Inc, situated in New York City, is a nonprofit organization that extends its services to individuals, families, and businesses in need. With a mission to promote economic stability and opportunities for lower-income New Yorkers, both within and beyond the Jewish community, they offer interest-free loans. In the fiscal year 2022, the society had approximately 3,032 outstanding loans, totaling $25.3 million. During this period, they disbursed over $24.2 million to aid around 1,625 individuals and families in the New York metropolitan area. These loans were instrumental in assisting financially struggling families impacted by COVID-19, supporting students pursuing higher education, helping economically vulnerable entrepreneurs start or expand their businesses, aiding parents of disabled children in accessing expensive special education services, and assisting numerous other New Yorkers in need. The organization operates with a staff of 20 dedicated individuals.
Official website here: www.hfls.org
Is Hebrew Free Loan Society Inc legitimate?
Hebrew Free Loan Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hebrew Free Loan Society Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $446,780
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,107,329
For more financial information, click here
Official website here: www.hfls.org
What is the mission statement of Hebrew Free Loan Society Inc?
The Hebrew Free Loan Society Inc's mission is to promote economic stability and opportunities for lower-income individuals, extending beyond the Jewish community, by offering interest-free loans. By providing these loans, the society aims to alleviate financial burdens and offer a lifeline during emergencies or periods of significant need. In the fiscal year 2022, the society had 3,032 outstanding loans totaling $25.3 million, disbursing over $24.2 million to aid 1,625 individuals and families in the New York metropolitan area. The loans have assisted families struggling financially due to COVID-19, students paying for college or graduate school, economically vulnerable entrepreneurs starting or expanding businesses, parents of disabled children requiring expensive special education services, and numerous other individuals in need.
Official website here: www.hfls.org
Who is the CEO of Hebrew Free Loan Society Inc?
David Rosenn is the Board Chair of Hebrew Free Loan Society Inc.
Official website here: www.hfls.org
What is the revenue of Hebrew Free Loan Society Inc?
Who are the executives of Hebrew Free Loan Society Inc and what are their salaries?
The average compensation at Hebrew Free Loan Society Inc during 2022 was $77,705. There are 20 employees at Hebrew Free Loan Society Inc.
Here are 29 key members and their salaries:
- David Rosenn (Executive Director)
- Kimberley Kaplan (Deputy Director)
- Daren Scott (Director Of Finance And Admin)
- Rachel Chasky (Director Of Development)
- Shlomo Haft (Director Of Me Program)
- Ian Shrank (Board Chair) [Trustee/Director]
- Ellen M Braitman (Vice Chair) [Trustee/Director]
- Edward S Karan (Vice Chair) [Trustee/Director]
- Paul Siegel (Treasurer) [Trustee/Director]
- Alon Lederman (Secretary) [Trustee/Director]
- Steven Adelsberg (Board Member) [Trustee/Director]
- Victoria Bengualid (Board Member) [Trustee/Director]
- Will Bressman (Board Member) [Trustee/Director]
- Jane Eisner (Board Member) [Trustee/Director]
- Mark Gerstein (Board Member) [Trustee/Director]
- David Gglasser (Board Member) [Trustee/Director]
- Joel Hirschtritt (Board Member) [Trustee/Director]
- Kimberley Johnson (Board Member) [Trustee/Director]
- Alan Laytner (Board Member) [Trustee/Director]
- Greg Levin (Board Member) [Trustee/Director]
- Mark Rubin (Board Member) [Trustee/Director]
- Simeon Siegel (Board Member) [Trustee/Director]
- Andrew Tananbaum (Board Member) [Trustee/Director]
- Cory Wishengrad (Board Member) [Trustee/Director]
- Stacey Zoland (Board Member) [Trustee/Director]
- Andrew Dansker (Board Member) [Trustee/Director]
- Lynne Galler (Board Member) [Trustee/Director]
- Jamie Harris (Board Member) [Trustee/Director]
- Ana Demel (Board Member) [Trustee/Director]
Official website here: www.hfls.org
Where can I find the form 990 for Hebrew Free Loan Society Inc?
The Hebrew Free Loan Society Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.hfls.org
Learn more at the official website: www.hfls.org
Mission Statement of Hebrew Free Loan Society Inc
The Hebrew Free Loan Society Inc is an organization that strives to promote financial stability and opportunities for lower-income individuals, both within and beyond the Jewish community. They accomplish this by providing interest-free loans. The society's mission is to advance economic well-being by dispensing safe and affordable interest-free loans. This nonprofit aims to assist individuals and families who are facing financial emergencies or have oversized needs, such as those affected by the COVID-19 pandemic. Furthermore, Hebrew Free Loan Society Inc offers financial aid to students pursuing higher education, enabling them to pay for college and graduate school. Additionally, the organization provides economic support to vulnerable entrepreneurs, helping them to establish or expand their businesses. The society also extends a helping hand to families with disabled children, assisting them in accessing expensive special education services. In summary, the Hebrew Free Loan Society Inc serves as a financial lifeline for those in need, offering interest-free loans to aid in overcoming financial hardships and achieving economic stability.
Impact
This information is meant to be a general summary of Hebrew Free Loan Society Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Hebrew Free Loan Society Inc's impact is substantial and far-reaching. By providing interest-free loans to individuals, families, and businesses, this organization has made a significant difference in the lives of many New Yorkers. In the past fiscal year alone, Hebrew Free Loan Society distributed over $24.2 million to aid 1,625 individuals and families in the New York metropolitan area. This support has helped families facing financial hardship, individuals impacted by emergencies or outsized needs, students pursuing education, vulnerable entrepreneurs starting or expanding businesses, parents of disabled children accessing special education services, and others in need.
With 3,032 outstanding loans totaling $25.3 million, Hebrew Free Loan Society is actively advancing economic stability and opportunity for lower-income individuals in New York. Their commitment to providing safe and affordable financial assistance is making a meaningful impact within and beyond the Jewish community, ultimately helping to create a more financially secure and resilient society.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1892
Phone
(212) 687-0188
Principal Officer
David Rosenn
Main Address
675 THIRD AVENUE SUITE 1900, NEW YORK, NY, 10017
Website
www.hfls.org
NTEE Category
Code: P510 - Human services
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