HEBREW FREE LOAN ASSOCIATION Charity Report

Public IRS 990 nonprofit record

HEBREW FREE LOAN ASSOCIATION

EIN 38-1359260 · Philanthropy, Voluntarism & Grantmaking Foundations (T90Z)

What they do

THE HEBREW FREE LOAN ASSOCIATION (THE "ASSOCIATION") PROVIDES FINANCIAL ASSISTANCE to JEWISH PEOPLE IN THE STATE of MICHIGAN THROUGH THE LENDING of MONEY WITHOUT INTEREST IN ACCORDANCE WITH CORE JEWISH VALUES, RESPECT, COMPASSION, and CONFIDENTIALITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $69.40 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 leaders73 people are listed in the latest report.

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

Money made simple

49.77%of revenue went to mission work69.4% of expenses · Program services

11.04%of revenue went to fundraising15.4% of expenses

$71.73spent for every $100 of revenueRevenue covered expenses this year.

10.92%of revenue went to management and office costs15.2% of expenses

$13.17in assets for every $1 spent this yearSome assets cannot be spent right away.

70.6%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 $212,415 for DAVID C CONTORER (EXECUTIVE DIRECTOR). 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$1,486,461

Mission workProgram services$739,76349.77% of revenue69.4% of expenses

ManagementOffice and general costs$162,32410.92% of revenue15.2% of expenses

FundraisingAsking for donations$164,16111.04% of revenue15.4% of expenses

Revenue left after expensesReported annual surplus$420,21328.27% of revenueShown in gray on the chart

Total expenses$1,066,24871.73% 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: 69.4% mission · 15.2% management · 15.4% fundraisingTotal expenses: 71.73% of revenue

2023Expense mix: 68.4% mission · 15.8% management · 15.8% fundraisingTotal expenses: 86.13% of revenue

2022Expense mix: 71.6% mission · 13.4% management · 15.0% fundraisingTotal expenses: 96.37% of revenue

2021Expense mix: 68.5% mission · 15.5% management · 15.9% fundraisingTotal expenses: 81.78% of revenue

2020Expense mix: 70.9% mission · 13.6% management · 15.5% fundraisingTotal expenses: 73.27% of revenue

2019Expense mix: 72.4% mission · 13.7% management · 13.9% fundraisingTotal expenses: 33.99% of revenue

2018Expense mix: 73.2% mission · 12.5% management · 14.3% fundraisingTotal expenses: 41.01% of revenue

2017Expense mix: 74.0% mission · 12.0% management · 13.9% fundraisingTotal expenses: 57.33% of revenue

Money in and money out

Revenue$1,486,461

Expenses$1,066,248

Annual surplus $420,213 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)$739,763 · 69.4% of expenses

Management and office costs$162,324 · 15.2% of expenses

Fundraising$164,161 · 15.4% of expenses

See all reported dollar amounts

Revenue$1,486,461

Expenses$1,066,248

Assets$14,045,950

Income$1,486,461

Contributions$1,049,824

Mission work (program services)$739,763

Fundraising$164,161

Management and general$162,324

Executive compensation (total)$319,263

Investing fees$7,937

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 C CONTOREREXECUTIVE DIRECTOR · 40 hrs/week $212,415

KIMBERLEY BERNZWEIGCONTROLLER · 40 hrs/week $97,812

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 (73)

DAVID C CONTOREREXECUTIVE DIRECTOR

KIMBERLEY BERNZWEIGCONTROLLER

MICHAEL GRAUBDIRECTOR

PEGGY DAITCHDIRECTOR

PAUL HACKDIRECTOR

PAM TORRACODIRECTOR

NITA COHENVICE-PRESIDENT

NIKKI BUDAJ-CHATFIELDDIRECTOR

NEIL SHERMANDIRECTOR

NECHAMA SOLOFFDIRECTOR

MICHELLE RUBINDIRECTOR

RALPH MCDOWELLVICE-PRESIDENT

MICHAEL BERKEDIRECTOR

MICHAEL BANKSDIRECTOR

MARY KEANEDIRECTOR

LOREN DICKSTEINDIRECTOR

LAURIE FRANKELDIRECTOR

LAUREN WILLIAMSDIRECTOR

LAUREN HARTMANDIRECTOR

LAUREN DAITCHDIRECTOR

SCOTT BERNSTEINDIRECTOR

ADAM POGODADIRECTOR

TARA FORMAN HACKDIRECTOR

SUSAN HODESSTREASURER

STUART SNIDERDIRECTOR

STUART SHERMANDIRECTOR

STAN BERSHARDDIRECTOR

SHERRY KETAIDIRECTOR

SETH FABERDIRECTOR

YONI TORGOWDIRECTOR

SAM BERNSTEINDIRECTOR

SALLY HOOBERMANDIRECTOR

ROB SCHWARTZDIRECTOR

RICHARD ROTHDIRECTOR

RICHARD BRODERDIRECTOR

REX LANYIDIRECTOR

RANDIE LEVINDIRECTOR

RANDALL FOGELMANDIRECTOR

CAROLYN BELLINSONDIRECTOR

DR STEVEN ARBITDIRECTOR

DIANE GOLDSTEINDIRECTOR

DAVID WALLACEDIRECTOR

DAVID KRAMERDIRECTOR

DAVID KIRSCHDIRECTOR

DAVID JACOBSONDIRECTOR

DAVID FURMANDIRECTOR

CAROLYN TISDALEDIRECTOR

EMILY LEVINDIRECTOR

CARLY SCHIFFDIRECTOR

BOB CITRINDIRECTOR

BARBI ZALTZDIRECTOR

ARTHUR LISSDIRECTOR

ANDI WOLFEDIRECTOR

AMY ERSHERDIRECTOR

AMY BERLINPRESIDENT

ALLEN BERMENDIRECTOR

JOHN TEWELESDIRECTOR

KEVIN CHUPACKDIRECTOR

JUSTIN POLKDIRECTOR

JULIE TREPECK HARRISDIRECTOR

JOYCE SHERMANDIRECTOR

JOSH RUBINDIRECTOR

JOSH GERSHONOWICZDIRECTOR

JONATHAN STERLINGPRESIDENT-ELECT

JON FELLOWSSECRETARY

LACEY FOONDIRECTOR

JOEL HECHLERDIRECTOR

JOANNE DANTODIRECTOR

JOANNE ARONOVITZDIRECTOR

JEFFREY ARONOFFDIRECTOR

JAY MUSTDIRECTOR

JARED ROTHBERGERDIRECTOR

HARRIET ORLEYDIRECTOR

About this charity

Recognized since: January 1984
Location: 6735 TELEGRAPH ROAD 300, BLOOMFIELD HILLS, MI 483013145
County: Oakland
In care of: DAVID CONTORER
Primary officer: DAVID CONTORER, EXUCUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailinfo@hfldetroit.org Phone(248) 723-8184

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: GJC CPAS & ADVISORS
NTEE classification: Philanthropy, Voluntarism & Grantmaking Foundations (T90Z)
IRS tax category: Grantmaking Foundations