HEBREW FREE LOAN SOCIETY INC Charity Report

Public IRS 990 nonprofit record

HEBREW FREE LOAN SOCIETY INC

EIN 13-5562239 · Human Services (P510)

What they do

THE HEBREW FREE LOAN SOCIETY (HFLS) FOSTERS ECONOMIC STABILITY and OPPORTUNITY for LOWER-INCOME NEW YORKERS THROUGH INTEREST-FREE LENDING. HFLS LOANS MAKE AN IMMEDIATE, CONCRETE DIFFERENCE IN THE LIVES of OUR BORROWERS, ENABLING THEM to INVEST IN THEIR EDUCATION, START A BUSINESS, BUILD A FAMILY and MEET EMERGENCY EXPENSES. HFLS is NON-SECTARIAN; OUR BORROWERS REPRESENT NEW YORKS DIVERSE JEWISH and NON-JEWISH COMMUNITIES. SINCE ITS FOUNDING IN 1892 HFLS HAS PROVIDED OVER $300 MILLION IN LOANS to MORE THAN 875,000 BORROWERS WHILE MAINTAINING A REPAYMENT RATE of 99%. AS HFLS LOANS ARE REPAID, THE CAPITAL is LENT OUT AGAIN and AGAIN, HELPING MORE PEOPLE and MULTIPLYING THE IMPACT OVER TIME.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $74.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

48.16%of revenue went to mission work74.8% of expenses · Program services

8.82%of revenue went to fundraising13.7% of expenses

$64.37spent for every $100 of revenueRevenue covered expenses this year.

7.39%of revenue went to management and office costs11.5% of expenses

$12.87in assets for every $1 spent this yearSome assets cannot be spent right away.

73.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $367,957 for DAVID ROSENN (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$6,348,228

Mission workProgram services$3,057,44848.16% of revenue74.8% of expenses

ManagementOffice and general costs$469,2387.39% of revenue11.5% of expenses

FundraisingAsking for donations$559,8248.82% of revenue13.7% of expenses

Revenue left after expensesReported annual surplus$2,261,71835.63% of revenueShown in gray on the chart

Total expenses$4,086,51064.37% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 74.8% mission · 11.5% management · 13.7% fundraisingTotal expenses: 64.37% of revenue

2023Expense mix: 77.3% mission · 10.6% management · 12.1% fundraisingTotal expenses: 68.12% of revenue

2022Expense mix: 75.8% mission · 11.2% management · 13.1% fundraisingTotal expenses: 51.74% of revenue

2021Expense mix: 74.4% mission · 12.9% management · 12.7% fundraisingTotal expenses: 38.84% of revenue

2020Expense mix: 75.5% mission · 11.5% management · 12.9% fundraisingTotal expenses: 62.66% of revenue

2019Expense mix: 73.6% mission · 12.0% management · 14.4% fundraisingTotal expenses: 32.23% of revenue

2018Expense mix: 74.2% mission · 12.7% management · 13.2% fundraisingTotal expenses: 60.84% of revenue

2017Expense mix: 75.0% mission · 13.9% management · 11.1% fundraisingTotal expenses: 89.60% of revenue

Money in and money out

Revenue$6,348,228

Expenses$4,086,510

Annual surplus $2,261,718 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,057,448 · 74.8% of expenses

Management and office costs$469,238 · 11.5% of expenses

Fundraising$559,824 · 13.7% of expenses

See all reported dollar amounts

Revenue$6,348,228

Expenses$4,086,510

Assets$52,611,152

Income$6,965,753

Contributions$4,652,608

Mission work (program services)$3,057,448

Fundraising$559,824

Management and general$469,238

Executive compensation (total)$373,743

Stocks and bonds$1,140,964

Accounting fees$35,730

Investing fees$11,103

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAVID ROSENNPRESIDENT & CEO · 40 hrs/week $367,957Base $274,253 · Other $93,704

KIMBERLEY KAPLANDEPUTY DIRECTOR · 40 hrs/week $250,591Base $198,586 · Other $52,005

DAREN SCOTTDIRECTOR OF FINANCE AND AD · 40 hrs/week $227,389Base $173,294 · Other $54,095

ZIVA DAVIDOVICHDEVELOPMENT DIRECTOR · 40 hrs/week $221,726Base $174,494 · Other $47,232

SHLOMO HAFTME LOAN PROGRAM DIRECTOR · 40 hrs/week $175,738Base $121,364 · Other $54,374

ANNA LEVANIDOVALOAN OFFICER · 40 hrs/week $150,901Base $101,519 · Other $49,382

COREY BONSERSYSTEM ADMINISTRATOR · 40 hrs/week $142,504Base $100,665 · Other $41,839

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

DAVID ROSENNPRESIDENT & CEO

KIMBERLEY KAPLANDEPUTY DIRECTOR

DAREN SCOTTDIRECTOR OF FINANCE AND AD

ZIVA DAVIDOVICHDEVELOPMENT DIRECTOR

SHLOMO HAFTME LOAN PROGRAM DIRECTOR

ANNA LEVANIDOVALOAN OFFICER

COREY BONSERSYSTEM ADMINISTRATOR

IAN SHRANKDIRECTOR

WILL BRESSMANVICE CHAIR

STEVEN ADELSBERGDIRECTOR

PAUL SIEGELDIRECTOR

MAURA KEANEYSECRETARY

MARK GERSTEINDIRECTOR

LYNNE GALLERDIRECTOR

JONATHAN BRICKMANTREASURER

JOEL HIRSCHTRITTDIRECTOR

JANE EISNERDIRECTOR

JAMIE HARRISDIRECTOR

ALAN LAYTNERDIRECTOR

GREG LEVINDIRECTOR

ELLEN BRAITMANCHAIR

EDWARD KARANDIRECTOR

ANDREW TANANBAUMDIRECTOR

ANDREW DANSKERDIRECTOR

ANA DEMELDIRECTOR

AMY SHAPIRODIRECTOR

AMIT PALEYDIRECTOR

ALON LEDERMANDIRECTOR

About this charity

Recognized since: January 1926
Location: 675 3RD AVE RM 1905, NEW YORK, NY 10017-5727
County: New York
In care of: DAVID ROSENN
Primary officer: DAVID ROSENN, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@hfls.org Phone(212) 687-0188

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CITRIN COOPERMAN ADVISORS LLC
NTEE classification: Human Services (P510)
IRS tax category: Other Individual and Family Services