Overview
What is Hebrew Free Loan Association Of Pittsburgh?
The Hebrew Free Loan Association of Pittsburgh is a nonprofit organization situated in Pittsburgh, Pennsylvania. Its primary mission is to promote financial stability and advance opportunities within the community by offering interest-free loans. These loans can be utilized for various purposes, such as automobile purchases, bar mitzvahs and weddings, medical treatments, tuition, and home repairs. The association relies on donor contributions and investment income as its primary sources of support. With a small team of four dedicated individuals, the Hebrew Free Loan Association of Pittsburgh strives to make a significant impact on the lives of those in need in its region.
Official website here: www.hflapgh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Stars
The Hebrew Free Loan Association of Pittsburgh has achieved a commendable Four-Star rating, indicating strong accountability and financial health. The organization scored exceptionally well across multiple metrics, particularly in governance and financial management. Its independent board members represent a commitment to effective oversight, and the absence of material asset diversion highlights its integrity in operations.
The organization demonstrates solid financial practices with a program expense ratio of 73.95%, signifying that a significant portion of its funds is directed towards its mission-driven programs. The low liabilities to assets ratio of 3.22% further illustrates its strong financial footing, allowing it to sustainably fulfill its objectives. Additionally, the presence of well-defined policies regarding conflict of interest and document retention underscores its commitment to transparency.
However, the absence of a whistleblower policy is a noted limitation in its governance framework. Addressing this gap could enhance its accountability standards even further. Overall, the Hebrew Free Loan Association of Pittsburgh stands out for its dedication to financial transparency and effective governance, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Hebrew Free Loan Association Of Pittsburgh legitimate?
Hebrew Free Loan Association Of Pittsburgh is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hebrew Free Loan Association Of Pittsburgh 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $68,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hflapgh.org
What is the mission statement of Hebrew Free Loan Association Of Pittsburgh?
The Hebrew Free Loan Association, based on the provided information, is a nonprofit organization that supports financial stability and advances opportunities for individuals in their region. They accomplish this by providing interest-free loans. The loans are offered for various purposes, including but not limited to, automobile purchases, bar mitzvahs and weddings, medical treatment, tuition, and home repairs. The corporation primarily relies on donor contributions and investment income for its funding.
Official website here: www.hflapgh.org
Who is the CEO of Hebrew Free Loan Association Of Pittsburgh?
Jesse Hirshman is the Director of Hebrew Free Loan Association Of Pittsburgh.
Official website here: www.hflapgh.org
What is the revenue of Hebrew Free Loan Association Of Pittsburgh?
Hebrew Free Loan Association Of Pittsburgh's revenue in 2022 was $481,305.
Official website here: www.hflapgh.org
Who are the executives of Hebrew Free Loan Association Of Pittsburgh and what are their salaries?
The average compensation at Hebrew Free Loan Association Of Pittsburgh during 2022 was $17,098. There are 4 employees at Hebrew Free Loan Association Of Pittsburgh.
Here are 27 key members and their salaries:
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Official website here: www.hflapgh.org
Where can I find the form 990 for Hebrew Free Loan Association Of Pittsburgh?
Hebrew Free Loan Association Of Pittsburgh's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hflapgh.org
Learn more at the official website: www.hflapgh.org
Mission Statement of Hebrew Free Loan Association Of Pittsburgh
The Hebrew Free Loan Association of Pittsburgh is a nonprofit organization that works towards promoting financial stability and facilitating opportunities for individuals in their region. It achieves this mission by providing interest-free loans. The corporation was established with the purpose of extending financial aid to those in need, offering loans for various purposes such as automobile purchases, bar mitzvahs and weddings, medical treatment, tuition, and home repairs. The organization primarily relies on donor contributions and investment income to fund its loan programs.
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Impact
July, 2024
Hebrew Free Loan Association Of Pittsburgh's impact is profound in our community by providing interest-free loans to individuals in need. By offering financial assistance for various purposes such as automobile purchases, bar mitzvahs, weddings, medical treatment, tuition, and home repairs, the organization promotes financial stability and opens up opportunities for those it serves. Through donor contributions and investment income, the association continuously supports individuals in the region, making a tangible difference in their lives.
This information is meant to be a general summary of Hebrew Free Loan Association Of Pittsburgh. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $138,386
- Gross Receipts: $481,305
Assets and Liabilities:
- Total Assets: $3,593,546
- Total Liabilities: $116,002
- Net Assets: $3,477,544
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Organization Details
Founding Year
1887
Phone
(412) 422-8868Principal Officer
Jesse Hirshman
Main Address
4905 FIFTH AVENUE SUITE 211, PITTSBURGH, PA, 15213
Website
www.hflapgh.orgNTEE Category
Code: T90Z - Philanthropy
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