Hebrew Free Loan Of New Jersey Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521931966 ✦ Whippany, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Hebrew Free Loan Of New Jersey Inc?

Hebrew Free Loan of New Jersey Inc, located at 901 Route 10, Whippany, NJ, is a supporting foundation. Its primary role involves making grants to align with the objectives of the Jewish Community Foundation of Greater Metrowest NJ, Inc. This nonprofit organization is not directly involved in lending activities, but rather, it functions as a grant provider to support various initiatives within the Jewish community in New Jersey.


Official website here: www.hebrewfreeloanofnj.org

Is Hebrew Free Loan Of New Jersey Inc legitimate?

Hebrew Free Loan Of New Jersey Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hebrew Free Loan Of New Jersey 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.hebrewfreeloanofnj.org

What is the mission statement of Hebrew Free Loan Of New Jersey Inc?

Hebrew Free Loan of New Jersey Inc. serves as a supporting foundation, granting funds to advance the objectives of the Jewish Community Foundation of Greater Metrowest NJ, Inc. In its non-profit lending activities, the organization aids the Jewish Community Foundation of Greater Metrowest NJ, Inc. in carrying out its purposes.

In essence, Hebrew Free Loan of New Jersey Inc. functions as an auxiliary entity, providing financial support to further the goals set by the Jewish Community Foundation of Greater Metrowest NJ, Inc. The organization's role is integral to the broader mission and objectives of the Jewish Community Foundation of Greater Metrowest NJ, Inc.

While the information provided does not detail the specific objectives or goals of Hebrew Free Loan of New Jersey Inc., it is clear that the organization plays a crucial role in supporting the initiatives of the Jewish Community Foundation of Greater Metrowest NJ, Inc. The organization's mission, therefore, can be inferred as one that aligns with and contributes to the overall vision and objectives of the Jewish Community Foundation of Greater Metrowest NJ, Inc.


Official website here: www.hebrewfreeloanofnj.org

What is the revenue of Hebrew Free Loan Of New Jersey Inc?

Hebrew Free Loan Of New Jersey Inc's revenue in 2024 was $262,546.


Official website here: www.hebrewfreeloanofnj.org

Who are the executives of Hebrew Free Loan Of New Jersey Inc and what are their salaries?

There 17 volunteers at Hebrew Free Loan Of New Jersey Inc.

Here are 20 key members and their salaries:


Howard J Rabner (Assistant Treasurer)
  • Compensation: $0
  • Related: $249,335
  • Other: $37,951
Tamar Warburg (Assistant Secretary)
  • Compensation: $0
  • Related: $120,218
  • Other: $0
Leo Gordon (President/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert J Singer (Vice President/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jo Ann Boyko (Treasurer/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Krinsky (Secretary/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Greene (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shifra Herzberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Feinberg Kany (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Landy (Trustee - Thru 5/31/24)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Lebovich (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Marcus (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank L Mirchin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maxine B Murnick (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Newmark (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Sambol (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marsha A Schwartz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Schechner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael R Schechner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Shrager (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hebrewfreeloanofnj.org

Where can I find the form 990 for Hebrew Free Loan Of New Jersey Inc?

Hebrew Free Loan Of New Jersey Inc's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.hebrewfreeloanofnj.org

Learn more at the official website: www.hebrewfreeloanofnj.org

Mission Statement of Hebrew Free Loan Of New Jersey Inc

Hebrew Free Loan Of New Jersey Inc serves as a supporting foundation, with its primary mission being to disburse grants in order to fulfill the objectives of the Jewish Community Foundation of Greater Metrowest NJ, Inc. In essence, this organization plays a significant role in advancing the causes and initiatives of the Jewish Community Foundation, contributing to its overall goals through its nonprofit lending activities.

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Impact




October, 2024

Hebrew Free Loan Of New Jersey Inc makes a significant impact by providing financial support that empowers individuals and families within the Jewish community. Through its lending activities, it facilitates access to interest-free loans, addressing essential needs such as education, healthcare, and emergency expenses. This support helps alleviate financial burdens and allows recipients to achieve greater stability and security.

By acting as a supporting foundation that makes grants to the Jewish Community Foundation of Greater MetroWest NJ, Hebrew Free Loan fosters a culture of mutual aid and community solidarity. Its contributions enhance the community's capacity to support its members, promoting economic resilience and reinforcing social bonds. This organization not only aids those in immediate need but also contributes to the overall well-being and cohesion of the Jewish community in the region.




This information is meant to be a general summary of Hebrew Free Loan Of New Jersey Inc. 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.

Revenue
$262,546 (2024)
Expenses
$70,640 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $52,211
  • Program Service Revenue: $102,535
  • Gross Receipts: $262,546

Assets and Liabilities:

  • Total Assets: $1,388,556
  • Total Liabilities: $200,000
  • Net Assets: $1,188,556

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM FEES

Revenue

$102,535

Organization Details

Founding Year

1995

Principal Officer

Leo Gordon

NTEE Category

Code: Z99Z - Unknown

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