Hebrew Free Loan Association Of Tucson Inc

Tucson Jewish Free Loan

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

EIN: 866052407 ✦ Tucson, AZ ✦ Designated as a 501(c)(3)

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Overview

What is Hebrew Free Loan Association Of Tucson Inc?

The Hebrew Free Loan Association of Tucson Inc, also known as Tucson Jewish Free Loan, is a nonprofit organization established in 1947. Located in Tucson, Arizona, this entity has been a vital resource for individuals facing financial challenges within the community, irrespective of their faith. In 2022, they originated 86 new interest-free loans, totaling $117,937.62. Among these loans, 12 were specifically for COVID-19 relief, 37 supported their Employee Financial Assistance Program, and 47 were for general financial aid. The primary mission of Tucson Jewish Free Loan is to empower individuals to regain self-sufficiency with dignity by providing interest-free financial assistance.


Official website here: www.thefreeloan.org

Is Hebrew Free Loan Association Of Tucson Inc legitimate?

Hebrew Free Loan Association Of Tucson Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hebrew Free Loan Association Of Tucson 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: $46,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,819

For more financial information, click here


Official website here: www.thefreeloan.org

What is the mission statement of Hebrew Free Loan Association Of Tucson Inc?

The Hebrew Free Loan Association provides interest-free financial assistance to empower individuals to achieve self-sufficiency with dignity. This non-profit organization, known as Tucson Jewish Free Loan, has been serving the community since 1947, offering aid to people of all faiths. In 2022, they originated 86 new loans totalling $117,937.62, with a significant portion going towards COVID-19 relief, employee financial assistance, and general support. The association's mission is to help individuals overcome financial difficulties, fostering self-reliance and maintaining their dignity.


Official website here: www.thefreeloan.org

Who is the CEO of Hebrew Free Loan Association Of Tucson Inc?

Philip Bregman is the Executive Director of Hebrew Free Loan Association Of Tucson Inc.


Official website here: www.thefreeloan.org

What is the revenue of Hebrew Free Loan Association Of Tucson Inc?

Hebrew Free Loan Association Of Tucson Inc's revenue in 2022 was $112,527.


Official website here: www.thefreeloan.org

Who are the executives of Hebrew Free Loan Association Of Tucson Inc and what are their salaries?

The average compensation at Hebrew Free Loan Association Of Tucson Inc during 2022 was $14,560. There are 4 employees and 12 volunteers at Hebrew Free Loan Association Of Tucson Inc.


Here are 8 key members and their salaries:


Allison Wexler (Executive Director)
  • Compensation: $46,424
  • Related: $0
  • Other: $0
Bruce Ash (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniella Bregman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Filous (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Lundberg-Leung (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Rosenbaum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Bregman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Stovall (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thefreeloan.org

Where can I find the form 990 for Hebrew Free Loan Association Of Tucson Inc?

Hebrew Free Loan Association Of Tucson Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thefreeloan.org

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

Mission Statement of Hebrew Free Loan Association Of Tucson Inc

The Hebrew Free Loan Association of Tucson, commonly known as Tucson Jewish Free Loan, is a non-profit organization that has been serving the community since 1947. Its mission, in simple terms, is to provide interest-free financial assistance to empower individuals to achieve self-sufficiency with dignity. This organization operates with a vision to support people of all faiths who are facing financial challenges, acting as a lifeline during difficult times.

In 2022, the Hebrew Free Loan Association of Tucson originated 86 new loans, totaling $117,937.62. Among these loans, 12 were specifically designed to provide COVID-19 relief, highlighting the organization's responsiveness to community needs during unprecedented times. Additionally, 37 loans were part of their Employee Financial Assistance Program, demonstrating their commitment to supporting the local workforce. Furthermore, 47 loans were for general support, indicating the organization's wide-ranging impact in helping individuals overcome financial hardships.

In essence, the Hebrew Free Loan Association of Tucson's mission is to extend a helping hand to those in need, offering them the financial assistance necessary to regain their footing and rebuild their lives with dignity. By providing interest-free loans, this organization is not just offering a financial solution but also fostering a sense of self-sufficiency and hope for a better future.

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Impact




October, 2024

Hebrew Free Loan Association of Tucson Inc plays a pivotal role in empowering individuals and families by providing interest-free financial assistance. Since its inception in 1947, it has served as a crucial resource for people of all faiths facing financial hardships, helping them maintain their dignity while achieving self-sufficiency.

In 2022 alone, the organization originated 86 new loans totaling over $117,000, demonstrating its commitment to supporting the community during challenging times. These loans included crucial assistance for those affected by COVID-19, employee financial assistance programs, and general support for various needs. This impactful initiative not only addresses immediate financial challenges but also fosters long-term stability and independence for its borrowers, thereby strengthening the overall community.




This information is meant to be a general summary of Hebrew Free Loan Association Of Tucson 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
$112,527 (2022)
Expenses
$106,033 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $21,416
  • Gross Receipts: $118,756

Assets and Liabilities:

  • Total Assets: $614,253
  • Total Liabilities: $0
  • Net Assets: $614,253

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Organization Details

Founding Year

2007

Principal Officer

Philip Bregman

Main Address

5049 E BROADWAY 156, TUCSON, AZ, 85711

NTEE Category

Code: P50 - Human services

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