Overview
What is Dallas Hebrew Free Loan Association?
Dallas Hebrew Free Loan Association is a nonprofit organization based in Dallas, Texas. Its primary mission is to aid individuals within the greater Dallas Jewish community who are in need, offering interest-free loans. As part of the international Jewish Free Loan Movement, DHFLA has disbursed a significant amount of loans without charging interest, totaling $1,040,805 as of December 31, 2022. These loans have been distributed for various reasons, ranging from emergencies to student loans. In 2022 alone, the association disbursed approximately 78 loans amounting to approximately $471,000. DHFLA's activities are supported by a dedicated workforce of one individual.
Official website here: www.dhfla.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating
The Dallas Hebrew Free Loan Association has received an overall rating of 84%, which reflects a strong performance in various operational areas. The organization excels particularly in Leadership & Adaptability, scoring a perfect 100, and shows significant strength in Impact & Measurement with a score of 95. The majority of the board members are independent, indicating a commitment to effective governance and accountability.
While the organization demonstrates robust financial health with a low liabilities-to-assets ratio of 0.06%, there are some areas needing improvement. The Program Expense Ratio of 61.69% suggests that a smaller portion of its expenses is directed toward programs compared to overhead costs. Additionally, the absence of a whistleblower policy and a document retention policy may raise concerns about transparency and risk management.
Despite these limitations, the Dallas Hebrew Free Loan Association is committed to enhancing its services, with strategic goals focused on expanding its service area and introducing new loan options. The organization's dedication to collecting and utilizing feedback shows a proactive approach to meeting community needs, making it a notable player in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Dallas Hebrew Free Loan Association?
100% of 10 reviewers on Facebook recommend the Dallas Hebrew Free Loan Association. Here's a summary of their testimonials:
Many participants express appreciation for the organization, highlighting its commitment to providing interest-free loans to individuals in need. They emphasize how contributions are not just one-time donations; instead, they appreciate the cycle of support created by the loans, allowing funds to be recycled to help more people over time.
Overall, the sentiment towards the Dallas Hebrew Free Loan Association is overwhelmingly positive, with users recognizing its impactful service to the community and the sustainable model of financial assistance it offers.
This AI summary has been generated from reviews found on Facebook.
Is Dallas Hebrew Free Loan Association legitimate?
Dallas Hebrew Free Loan Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dallas 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,000
For more financial information, click here
Official website here: www.dhfla.org
What is the mission statement of Dallas Hebrew Free Loan Association?
The Dallas Hebrew Free Loan Association's mission is centered around providing financial assistance to individuals within the greater Jewish community who find themselves in need. This is achieved through the distribution of interest-free loans, making it an integral part of the international Jewish Free Loan Movement. The organization's activities in 2022 included disbursing approximately 78 loans, totaling approximately $471,000, for various reasons such as emergencies and student loans. As of December 31, 2022, the association had outstanding loans amounting to $1,040,805.
Official website here: www.dhfla.org
Who is the CEO of Dallas Hebrew Free Loan Association?
David Kronick is the Director of Dallas Hebrew Free Loan Association.
Official website here: www.dhfla.org
What is the revenue of Dallas Hebrew Free Loan Association?
Dallas Hebrew Free Loan Association's revenue in 2022 was $169,323.
Official website here: www.dhfla.org
Who are the executives of Dallas Hebrew Free Loan Association and what are their salaries?
The average compensation at Dallas Hebrew Free Loan Association during 2022 was $105,000. There is 1 employee at Dallas Hebrew Free Loan Association.
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Official website here: www.dhfla.org
Where can I find the form 990 for Dallas Hebrew Free Loan Association?
Dallas Hebrew Free Loan Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dhfla.org
Learn more at the official website: www.dhfla.org
Mission Statement of Dallas Hebrew Free Loan Association
Dallas Hebrew Free Loan Association, a part of the international Jewish free loan movement, is committed to assisting individuals within the greater Dallas Jewish community who find themselves in need. This nonprofit organization provides interest-free loans, serving as a source of financial aid during emergencies, for educational pursuits, and other essential needs. Throughout 2022, DHFLA disbursed approximately 78 loans, totaling approximately $471,000, reflecting its ongoing commitment to supporting its community members in times of financial hardship.
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Impact
October, 2024
Dallas Hebrew Free Loan Association significantly impacts the community by providing interest-free loans to individuals in need within the greater Dallas Jewish community. As of December 31, 2022, the organization had outstanding loans totaling $1,040,805, facilitating access to funds for various purposes, including emergencies and education. In 2022 alone, it disbursed approximately 78 loans, amounting to around $471,000. This financial assistance not only alleviates immediate financial stress but also promotes the welfare and resilience of the community, embodying the core values of support and compassion that are crucial in times of need. By being part of the international Jewish free loan movement, Dallas Hebrew Free Loan Association also contributes to a broader legacy of community solidarity and assistance.
This information is meant to be a general summary of Dallas 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: $14,715
- Gross Receipts: $169,323
Assets and Liabilities:
- Total Assets: $1,686,225
- Total Liabilities: $769
- Net Assets: $1,685,456
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Organization Details
Founding Year
1935
Principal Officer
David Kronick
Main Address
PO BOX 671235, DALLAS, TX, 753671235
Website
www.dhfla.orgNTEE Category
Code: Z99 - Unknown
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