Overview
What is Hebrew Free Loan Of San Diego?
Hebrew Free Loan of San Diego is a nonprofit organization located at 9404 Genesee Ave 200, La Jolla, CA 92037. In 2022, the organization experienced significant growth, increasing its loan recipients by nearly 50% compared to the previous year and approving over $441,000 in interest-free loans. To achieve this, Hebrew Free Loan of San Diego increased its community outreach, assisted potential borrowers, and continued its fundraising efforts. Their mission is to promote financial stability and opportunities within the Jewish Community of San Diego County by providing affordable, interest-free loans, guided by Jewish values such as compassion, kindness, and flexibility. The organization offers loans for emergency needs, small business development, and education. Hebrew Free Loan of San Diego's activities include creating new programs, such as the Full Circle Club and the Silver Lining Guarantor Fund, to help its community members meet their financial goals.
Official website here: www.hflsd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
Hebrew Free Loan of San Diego (HFLSD) has received a solid Three-Star rating, reflecting its strong accountability and financial practices, highlighted by an impressive 85% score in Accountability & Finance. The organization excels in community engagement, achieving a perfect score in Culture & Community, while also showing adaptability in its leadership approach. With a program expense ratio of over 83%, HFLSD demonstrates commitment to its mission by allocating a significant portion of its resources directly to programs.
User reviews consistently emphasize the positive impact HFLSD has on the community, particularly through its provision of interest-free loans that empower individuals facing financial challenges. Clients appreciate the respectful and compassionate approach taken by staff, as well as the added benefit of expert financial advisory services offered alongside loans. Many patrons express gratitude for how the organization has changed their lives, providing not just financial support but also a sense of community and dignity.
While the organization has garnered overwhelmingly positive feedback, it should continue to focus on maintaining transparency and accountability to further enhance donor trust. Overall, HFLSD is recognized as a vital resource for the San Diego Jewish community, with a strong track record and a commitment to helping individuals and families thrive.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Hebrew Free Loan Of San Diego legitimate?
Hebrew Free Loan Of San Diego is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hebrew Free Loan Of San Diego 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: $73,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,600
For more financial information, click here
Official website here: www.hflsd.org
What is the mission statement of Hebrew Free Loan Of San Diego?
Hebrew Free Loan of San Diego's mission is centered around promoting financial stability and opportunities within the Jewish community. The organization achieves this by offering interest-free loans, guided by Jewish values such as compassion and kindness. Loans are provided for various purposes, including emergency needs, small business development, and education. In 2022, Hebrew Free Loan of San Diego experienced significant growth, increasing its loan recipients by nearly 50% and approving over $441,000 in loan funds. The organization also introduced new initiatives like the Full Circle Club and the Silver Lining Guarantor Fund to further support its goals.
Official website here: www.hflsd.org
Who is the CEO of Hebrew Free Loan Of San Diego?
Selwyn Isakow is the President of Hebrew Free Loan Of San Diego.
Official website here: www.hflsd.org
What is the revenue of Hebrew Free Loan Of San Diego?
Hebrew Free Loan Of San Diego's revenue in 2022 was $479,180.
Official website here: www.hflsd.org
Who are the executives of Hebrew Free Loan Of San Diego and what are their salaries?
The average compensation at Hebrew Free Loan Of San Diego during 2022 was $41,700. There are 3 employees and 15 volunteers at Hebrew Free Loan Of San Diego.
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Official website here: www.hflsd.org
Where can I find the form 990 for Hebrew Free Loan Of San Diego?
Hebrew Free Loan Of San Diego's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hflsd.org
Learn more at the official website: www.hflsd.org
Mission Statement of Hebrew Free Loan Of San Diego
Hebrew Free Loan of San Diego is a nonprofit organization that seeks to promote financial stability and opportunities within the Jewish community in San Diego County. They achieve this mission by offering affordable interest-free loans, upholding the Jewish values of compassion, kindness, and flexibility. The loans provided by Hebrew Free Loan of San Diego are intended for addressing emergency needs, fostering small business development, and supporting education. In 2022, the organization demonstrated significant growth, expanding its reach by increasing outreach to social service agencies, providing assistance to potential borrowers, and enhancing its fundraising efforts. As a result, Hebrew Free Loan of San Diego approved over $441,000 in loan dollars and assisted almost 50% more individuals than the previous year. The nonprofit also introduced new programs like the Full Circle Club and the Silver Lining Guarantor Fund, which contributed to its success in meeting and surpassing its objectives.
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Impact
July, 2024
Hebrew Free Loan of San Diego's impact can be seen in the financial stability and opportunity it fosters within the Jewish Community of San Diego County. By providing access to affordable interest-free loans, the organization embodies Jewish values of compassion, kindness, and flexibility. In 2022, the organization experienced significant growth, increasing its loan recipients by almost 50% and approving over $441,000 in loan dollars. Through new programs like the Full Circle Club and the Silver Lining Guarantor Fund, Hebrew Free Loan of San Diego exceeded its goals and continued to support individuals on their path to financial security.
This information is meant to be a general summary of Hebrew Free Loan Of San Diego. 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: $1,177
- Gross Receipts: $486,284
Assets and Liabilities:
- Total Assets: $1,027,100
- Total Liabilities: $26,739
- Net Assets: $1,000,361
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Organization Details
Founding Year
2020
Phone
(858) 875-6900Principal Officer
Selwyn Isakow
Main Address
9404 Genesee Ave 200, La Jolla, CA, 92037
Website
www.hflsd.orgNTEE Category
Code: X30 - Religion related
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