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Community Development : Housing and Neighborhood Development

Jewish Free Loan Association

An interest-free micro-lending agency since 1904

two stars

79.29

6505 Wilshire Boulevard Suite 715
Los Angeles, CA 90048
tel: (323) 761-8830   Web Site
EIN: 95-1691014

Board Leadership
Brandon Levin
President

CEO
Rachel Grose
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 79.29 two stars
  Financial 72.87 two stars
  Accountability & Transparency 89.00 three stars
This rating was published 04/01/2021 and includes data from FY2019, the most recent 990 received at that time.

The Jewish Free Loan Association of Los Angeles ("JFLA") offers interest-free loans on a non-sectarian basis to individuals and families whose needs are urgent and who may not qualify through normal financial resources. Interest-free loans instead of charity fill an important gap in our social system by promoting self-sufficiency with dignity. JFLA affirms the ancient biblical requirement for interest-free lending by offering assistance to people in need with the goal of helping them to lead more rewarding and responsible lives.


Today, JFLA grants more than 1,200 interest-free loans per year for emergencies, education, healthcare, developing small businesses, environmental upgrades and life cycle events. JFLA maintains a 99% repayment rate and as loans are repaid new loans are made, perpetuating a cycle of hope.

The Jewish Free Loan Association of Los Angeles ("JFLA") offers interest-free loans on a non-sectarian basis to individuals and families whose needs are urgent and who may not qualify through normal financial resources. Interest-free loans instead of charity fill an important gap in our social system by promoting self-sufficiency with dignity. JFLA affirms the ancient biblical requirement for interest-free lending by offering assistance to people in need with the goal of helping them to lead more rewarding and responsible lives.


Today, JFLA grants more than 1,200 interest-free loans per year for emergencies, education, healthcare, developing small businesses, environmental upgrades and life cycle events. JFLA maintains a 99% repayment rate and as loans are repaid new loans are made, perpetuating a cycle of hope.

Financial

two stars

72.87

Accountability & Transparency

three stars

89.00

This rating was published 04/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
68.8%
  Administrative Expenses 10.5%
  Fundraising Expenses 20.6%
  Fundraising Efficiency $0.21
  Working Capital Ratio (years) 10.46
  Program Expenses Growth -1.2%
  Liabilities to Assets 2.5%
All data for Financial Performance Metrics calculations was provided by Jewish Free Loan Association on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Jewish Free Loan Association on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Jewish Free Loan Association (CA) 79.29 two stars
Association for Enterprise Opportunity (DC) 91.70 four stars
Commonwealth (MA) 89.39 three stars
SaverLife (CA) 95.93 four stars
Four Bands Community Fund (SD) 88.22 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,917,016
   Federated Campaigns $73,333
   Membership Dues $0
   Fundraising Events $107,320
   Related Organizations $0
   Government Grants $0
Total Contributions $2,097,669
   Program Service Revenue $0
Total Primary Revenue $2,097,669
   Other Revenue $305,212
TOTAL REVENUE $2,402,881
   
EXPENSES  
   Program Expenses $1,129,199
   Administrative Expenses $166,526
   Fundraising Expenses $437,909
TOTAL FUNCTIONAL EXPENSES $1,733,634
   
Payments to Affiliates $0
Excess (or Deficit) for the year $669,247
   
Net Assets $18,251,648

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Granting Loans $1,129,199 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-08 04/01/2021 79.29 two stars
2018-08 08/01/2019 83.45 three stars
2017-08 12/21/2018 81.28 three stars
2016-08 03/01/2018 83.11 three stars
2015-08 02/01/2017 84.35 three stars
2014-08 06/01/2016 85.76 three stars
 
CN 2.0
2014-08 12/01/2015 87.70 three stars
2013-08 04/01/2015 86.35 three stars
2012-08 12/20/2013 95.25 four stars
2011-08 03/01/2013 82.64 three stars
2011-08 12/20/2012 81.52 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 95-1691014
Name in IRS Master File JEWISH FREE LOAN ASSOCIATION
NTEE Code Z99
NTEE Classification Unknown
NTEE Type Unknown
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (320) Boy Scouts, Girl Scouts, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 1996
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End August
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • August, 2018
  • August, 2017
  • August, 2016
  • August, 2015
  • August, 2014
Compensation % of Expenses Paid to Title
$201,132 11.60% Rachel B. Grose Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Jewish Free Loan Association (CA) 79.29 two stars
LiftFund (TX) 85.75 three stars
Opportunity Fund Community Development (CA) 90.06 four stars
Hebrew Free Loan of Metropolitan Detroit (MI) 89.95 three stars
Ventures (WA) 91.58 four stars

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Charity Contact Info

Jewish Free Loan Association
6505 Wilshire Boulevard
Suite 715
Los Angeles, CA 90048
tel: (323) 761-8830
fax: (323) 761-8841
EIN: 95-1691014

Visit Web Site

Board Leadership

Brandon Levin
President

CEO

Rachel Grose
Executive Director

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