Overview
What is Gmiluth Chasodim (The Hebrew Free Loan Association)?
Gmiluth Chasodim, or The Hebrew Free Loan Association, is a nonprofit organization situated in Northeast Ohio. Their primary mission is to offer interest-free loans to individuals and families who struggle with financial difficulties and lack access to conventional lending sources. The association runs donor-defined loan programs to assist those in need, providing a vital financial lifeline during challenging times.
Official website here: www.interestfree.org
Is Gmiluth Chasodim (The Hebrew Free Loan Association) legitimate?
Gmiluth Chasodim (The Hebrew Free Loan Association) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gmiluth Chasodim (The Hebrew Free Loan Association) 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: $0
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Other Salaries and Wages: $322,826
For more financial information, click here
Official website here: www.interestfree.org
What is the mission statement of Gmiluth Chasodim (The Hebrew Free Loan Association)?
Gmiluth Chasodim, also known as The Hebrew Free Loan Association, has a mission to provide interest-free loans aimed at addressing the financial challenges faced by residents in Northeast Ohio who lack access to conventional lending sources. The association operates by offering loan programs, funded by donors, to aid individuals and families in need. By offering interest-free loans, Gmiluth Chasodim aims to alleviate financial stress and provide a means for individuals to overcome financial obstacles. Overall, the association's mission is to support and empower individuals in need, promoting financial stability and well-being.
Official website here: www.interestfree.org
Who is the CEO of Gmiluth Chasodim (The Hebrew Free Loan Association)?
Carrie Miller is the Executive Di of Gmiluth Chasodim (The Hebrew Free Loan Association).
Official website here: www.interestfree.org
What is the revenue of Gmiluth Chasodim (The Hebrew Free Loan Association)?
Gmiluth Chasodim (The Hebrew Free Loan Association)'s revenue in 2022 was $453,429.
Official website here: www.interestfree.org
Who are the executives of Gmiluth Chasodim (The Hebrew Free Loan Association) and what are their salaries?
The average compensation at Gmiluth Chasodim (The Hebrew Free Loan Association) during 2022 was $46,118. There are 7 employees at Gmiluth Chasodim (The Hebrew Free Loan Association).
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Official website here: www.interestfree.org
Where can I find the form 990 for Gmiluth Chasodim (The Hebrew Free Loan Association)?
Gmiluth Chasodim (The Hebrew Free Loan Association)'s most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.interestfree.org
Learn more at the official website: www.interestfree.org
Mission Statement of Gmiluth Chasodim (The Hebrew Free Loan Association)
Gmiluth Chasodim, or The Hebrew Free Loan Association, is a mission-driven organization dedicated to addressing the financial challenges faced by residents of Northeast Ohio who lack access to traditional lending sources. The association's primary goal is to provide interest-free loans, acting as a vital resource for individuals and families in need. These loans are made possible through donor-defined loan programs, demonstrating the collective support and commitment of the community towards financial assistance. By offering these interest-free loans, Gmiluth Chasodim aims to alleviate financial burdens, empowering individuals to overcome obstacles and improve their overall well-being.
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Impact
October, 2024
Gmiluth Chasodim (The Hebrew Free Loan Association) has a significant impact on the community by providing interest-free loans to residents of Northeast Ohio facing financial challenges. By addressing the needs of those who lack access to traditional lending sources, the association helps individuals and families navigate difficult circumstances without the burden of high interest rates.
These loans serve various purposes, from covering unexpected medical expenses to financing education or starting small businesses, thereby promoting economic stability and self-sufficiency within the community. The association’s support fosters a sense of empowerment, allowing borrowers to overcome obstacles and improve their financial situations.
Moreover, by facilitating these loans, Gmiluth Chasodim strengthens social ties within the community, encouraging a culture of mutual aid and support. This not only aids in alleviating immediate financial stress but also contributes to the long-term well-being of the residents, creating a ripple effect of positive change and increased resilience among families in Northeast Ohio.
This information is meant to be a general summary of Gmiluth Chasodim (The Hebrew Free Loan Association). 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: $9,193
- Gross Receipts: $470,503
Assets and Liabilities:
- Total Assets: $3,038,060
- Total Liabilities: $2,661
- Net Assets: $3,035,399
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Organization Details
Founding Year
1904
Phone
(216) 378-9042Principal Officer
Carrie Miller
Main Address
23300 CHAGRIN BLVD SUITE 204, BEACHWOOD, OH, 44122
Website
www.interestfree.orgNTEE Category
Code: W60Z - Public benefit
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