EIN 38-1359260

Hebrew Free Loan Association

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
1895
Most recent tax filings
2024-05-01
Description
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.
Total revenues
$1,178,121
2024
Total expenses
$1,014,767
2024
Total assets
$14,587,847
2024
Num. employees
7
2024

Program areas at Hebrew Free Loan Association

The organization grants interest Free loans as required by the Association's charter and in accordance with jewish tradition.
The Association administers the william davidson jewish college Loan program by providing support to students in need with interest Free loans.

Who funds Hebrew Free Loan Association

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Jewish Federation of DetroitTo Provide Interest Free Loans$211,093
Marvin and Betty Danto Family FoundationUnrestricted Charitable Gift$110,000
The Ravitz FoundationGeneral Support$50,000
...and 27 more grants received totalling $543,493

Personnel at Hebrew Free Loan Association

NameTitleCompensation
David C. ContorerBoard Member$198,492
Jonathan SterlingPresident$0
Kimberley BernzweigController$32,738
Jon FellowsSecretary$0
David KramerImmediate Past President$0
...and 5 more key personnel

Financials for Hebrew Free Loan Association

RevenuesFYE 05/2024
Total grants, contributions, etc.$871,782
Program services$22,775
Investment income and dividends$283,564
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,178,121

Form 990s for Hebrew Free Loan Association

Fiscal year endingDate received by IRSFormPDF link
2024-052024-12-03990View PDF
2023-052023-10-12990View PDF
2022-052022-11-29990View PDF
2021-052021-11-30990View PDF
2020-052021-04-06990View PDF
...and 10 more Form 990s
Data update history
January 27, 2025
Updated personnel
Identified 4 new personnel
December 25, 2024
Received grants
Identified 4 new grant, including a grant for $25,000 from The Andrea and Lawrence Wolfe Family Foundation
August 3, 2024
Received grants
Identified 14 new grant, including a grant for $110,000 from Marvin and Betty Danto Family Foundation
May 18, 2024
Received grants
Identified 9 new grant, including a grant for $217,650 from Jewish Federation of Metropolitan Detroit
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
Grantmaking organizationsCharities
Issues
No issues found
Characteristics
JewishReligiousState / local levelEndowed supportTax deductible donationsAccepts online donations
General information
Address
6735 Telegraph Rd 300
Bloomfield Hills, MI 48301
Metro area
Detroit-Warren-Dearborn, MI
County
Oakland County, MI
Website URL
hfldetroit.org/ 
Phone
(248) 723-8184
IRS details
EIN
38-1359260
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1895
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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