Overview
What is Hebrew Free Loan Association Of San Francisco?
The Hebrew Free Loan Association of San Francisco is a nonprofit organization situated in San Francisco, California. Their primary mission is to provide interest-free loans to members of the Northern California Jewish community, aiming to support their self-sufficiency and self-respect. Their activities cover various financial needs, including emergencies, personal financial challenges, tuition, home purchases, debt consolidation, starting or expanding a small business, health care, unemployment, and adoptions. During the COVID-19 pandemic, the association significantly increased its aid, offering financial assistance to 52 individuals, families, and small business owners facing hardships. They disbursed a total of $5.6 million in loans in the 2021-22 fiscal year, a substantial increase from previous years. The association's outreach efforts during the pandemic led to an increase in loan applications and expanded its reach within the community, continuing to assist individuals even after the pandemic's intensity subsided. The Hebrew Free Loan Association of San Francisco operates with a team of 11 dedicated individuals.
Official website here: www.hflasf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
The Hebrew Free Loan Association of San Francisco earned a Four-Star out of Four Star rating on Charity Navigator, reflecting strong accountability and finance practices, with a score of 83% in this area. The organization demonstrates exemplary governance, featuring a fully independent board and no material asset diversions. Their financial health is robust, indicated by a low liabilities-to-assets ratio and substantial working capital.
User reviews from Great Nonprofits overwhelmingly highlight the compassionate and supportive nature of the staff, with many borrowers expressing gratitude for the easy application process and the positive impact on their lives. People have described the organization as a lifeline for various needs, including education, business startup funds, and medical expenses. The feedback emphasizes that the loans provided are interest-free, alleviating financial burdens and enabling recipients to pursue their goals without accruing debt.
However, some users note that the organization is specifically tailored to support members of the Jewish community, which may limit access for individuals outside this demographic. Overall, Hebrew Free Loan Association stands out for its mission-driven approach, financial integrity, and deep commitment to community support, fostering an environment of trust and empowerment among its clients.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Hebrew Free Loan Association Of San Francisco legitimate?
Hebrew Free Loan Association Of San Francisco is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hebrew Free Loan Association Of San Francisco 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: $423,079
Professional Fundraising Fees: $0
Other Salaries and Wages: $836,571
For more financial information, click here
Official website here: www.hflasf.org
What is the mission statement of Hebrew Free Loan Association Of San Francisco?
The Hebrew Free Loan Association of San Francisco's mission is centered around aiding individuals within the Northern California Jewish community. Their primary goal is to assist worthy Jewish people in maintaining self-sufficiency and self-respect by providing interest-free loans, grants, and necessary services. These financial aid offerings are extended without any additional charges. Loans are issued for various purposes, such as addressing emergencies, managing personal financial difficulties, funding tuition and educational expenses, purchasing a first home, consolidating debt, starting or expanding small businesses, adoptions, medical expenses, and supporting those who have lost employment. Additionally, loans are also provided to synagogues and other Jewish organizations.
Official website here: www.hflasf.org
Who is the CEO of Hebrew Free Loan Association Of San Francisco?
Cindy Rogoway is the Executive Director of Hebrew Free Loan Association Of San Francisco.
Official website here: www.hflasf.org
What is the revenue of Hebrew Free Loan Association Of San Francisco?
Hebrew Free Loan Association Of San Francisco's revenue in 2022 was $4,532,322.
Official website here: www.hflasf.org
Who are the executives of Hebrew Free Loan Association Of San Francisco and what are their salaries?
The average compensation at Hebrew Free Loan Association Of San Francisco during 2022 was $114,514. There are 11 employees and 81 volunteers at Hebrew Free Loan Association Of San Francisco.
Here are 25 key members and their salaries:
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Official website here: www.hflasf.org
Where can I find the form 990 for Hebrew Free Loan Association Of San Francisco?
Hebrew Free Loan Association Of San Francisco's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hflasf.org
Learn more at the official website: www.hflasf.org
Mission Statement of Hebrew Free Loan Association Of San Francisco
The Hebrew Free Loan Association of San Francisco is committed to aiding members of the Northern California Jewish community through interest-free loans. Their mission is multifaceted, aiming to empower Jewish individuals to maintain their self-respect and self-sufficiency. They accomplish this by providing loans, grants, and various services without charging any interest or additional fees.
This nonprofit organization offers loans for a wide range of situations, including emergencies, personal financial difficulties, tuition and educational costs, first-time home purchases, debt consolidation, starting or expanding a small business, adoption, healthcare expenses, and assisting those who have become unemployed. In addition to financial aid, Hebrew Free Loan Association of San Francisco extends its services to synagogues and other Jewish organizations within the community.
By providing interest-free loans and other forms of assistance, the Hebrew Free Loan Association of San Francisco aims to help Jewish individuals and organizations overcome financial challenges and achieve their goals. This nonprofit organization is dedicated to fostering a supportive community that enables its members to thrive both personally and professionally.
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Impact
July, 2024
Hebrew Free Loan Association Of San Francisco's impact is significant and far-reaching. In the 2021-22 fiscal year, they closed with $18.5 million in interest-free loans outstanding primarily to members of the Northern California Jewish community, marking an 84% increase from just four years ago. This includes loans provided through the Pollak Community Loan Program, supporting non-Jewish individuals from lower-income households to pursue higher education.
Throughout the year, they disbursed 444 new loans totaling $5.6 million, bringing the total number of loans in circulation to 1,383. Particularly noteworthy is the response to the COVID-19 pandemic, with approximately 13% of the loans, amounting to $756,000, going to 52 individuals, families, and small business owners facing financial hardships due to the pandemic. Assistance included loans for basic needs coverage and debt consolidation to alleviate the burden of high-interest debt incurred during the crisis.
Hebrew Free Loan's visibility in the community transformed during the pandemic, positioning them as a critical financial resource during trying times. While the immediate pandemic-related needs have lessened, the effects of their expanded outreach efforts persist, leading to a sustained increase in loan applications across all categories. The organization's proactive approach in reaching out to those in need resulted in a higher number of applicants, signaling a continued demand for their financial support.
The impact of Hebrew Free Loan Association Of San Francisco extends beyond numbers, as they continue to provide essential support to individuals navigating the lasting repercussions of the pandemic. Their commitment to aiding worthy individuals in becoming and remaining self-supporting and self-respecting remains steadfast, reflecting their mission to provide interest-free loans, grants, and services that empower individuals to overcome financial challenges and achieve their aspirations.
This information is meant to be a general summary of Hebrew Free Loan Association Of San Francisco. 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: $364,287
- Gross Receipts: $4,532,322
Assets and Liabilities:
- Total Assets: $28,447,595
- Total Liabilities: $8,420,245
- Net Assets: $20,027,350
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Organization Details
Founding Year
1897
Phone
(415) 546-9902Principal Officer
Cindy Rogoway
Main Address
131 STEUART STREET 520, SAN FRANCISCO, CA, 94105
Website
www.hflasf.orgNTEE Category
Code: W600 - Public benefit
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