Community Development : Housing and Neighborhood Development

Hebrew Free Loan Society

Improving Lives Through Lending

four stars

90.93

675 Third Avenue Suite 1905
New York, NY 10017
tel: (212) 687-0188   Web Site
EIN: 13-5562239

Board Leadership
Ian Shrank
President

CEO
David Rosenn
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 90.93 four stars
  Financial 87.18 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 08/01/2019 and includes data from FY2018, the most recent 990 received at that time.

The Hebrew Free Loan Society (HFLS) fosters financial stability and opportunity among low- and moderate-income New Yorkers in need by providing access to safe and affordable credit in the form of interest-free loans.

HFLS loans make an immediate, concrete difference in the lives of our borrowers, enabling them to invest in their education, start a business, meet emergency expenses, and more.

HFLS makes loans on a nonsectarian basis where the availability of interest-free credit will make a significant difference in an individual's or family's life. Since its founding in 1892, HFLS has provided more than $345M in interest-free loans to more than 875,000 borrowers while maintaining a repayment rate above 99%.

The Hebrew Free Loan Society (HFLS) fosters financial stability and opportunity among low- and moderate-income New Yorkers in need by providing access to safe and affordable credit in the form of interest-free loans.

HFLS loans make an immediate, concrete difference in the lives of our borrowers, enabling them to invest in their education, start a business, meet emergency expenses, and more.

HFLS makes loans on a nonsectarian basis where the availability of interest-free credit will make a significant difference in an individual's or family's life. Since its founding in 1892, HFLS has provided more than $345M in interest-free loans to more than 875,000 borrowers while maintaining a repayment rate above 99%.

Impact Information

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Financial

three stars

87.18

Accountability & Transparency

four stars

100.00

This rating was published 08/01/2019 and includes data from FY2018, 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)
72.0%
  Administrative Expenses 16.9%
  Fundraising Expenses 10.9%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 9.36
  Program Expenses Growth 5.9%
  Liabilities to Assets 11.5%
All data for Financial Performance Metrics calculations was provided by Hebrew Free Loan Society on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Hebrew Free Loan Society on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $990,847
   Federated Campaigns $403,069
   Membership Dues $0
   Fundraising Events $158,380
   Related Organizations $0
   Government Grants $0
Total Contributions $1,552,296
   Program Service Revenue $0
Total Primary Revenue $1,552,296
   Other Revenue $566,906
TOTAL REVENUE $2,119,202
   
EXPENSES  
   Program Expenses $1,424,543
   Administrative Expenses $263,102
   Fundraising Expenses $211,206
TOTAL FUNCTIONAL EXPENSES $1,898,851
   
Payments to Affiliates $0
Excess (or Deficit) for the year $220,351
   
Net Assets $20,731,192

Charts

Compensation % of Expenses Paid to Title
$201,108 10.59% David Rosenn Executive Director

Mission

The Hebrew Free Loan Society (HFLS) fosters financial stability and opportunity among low- and moderate-income New Yorkers in need by providing access to safe and affordable credit in the form of interest-free loans.

HFLS loans make an immediate, concrete difference in the lives of our borrowers, enabling them to invest in their education, start a business, meet emergency expenses, and more.

HFLS makes loans on a nonsectarian basis where the availability of interest-free credit will make a significant difference in an individual's or family's life. Since its founding in 1892, HFLS has provided more than $345M in interest-free loans to more than 875,000 borrowers while maintaining a repayment rate above 99%.

Highly Rated

Charity Name & State Overall Score Overall Rating
Hebrew Free Loan Society (NY) 90.93 four stars
LiftFund (TX) 88.07 three stars
SaverLife (CA) 95.93 four stars
Foundation for Financial Planning (DC) 96.13 four stars
World Business Chicago (IL) 91.82 four stars

Compare These Charities (Highly Rated)

Charity Contact Info

Hebrew Free Loan Society
675 Third Avenue
Suite 1905
New York, NY 10017
tel: (212) 687-0188
fax: (212) 682-1120
EIN: 13-5562239

Visit Web Site

Board Leadership

Ian Shrank
President

CEO

David Rosenn
Executive Director