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research dossier

HEBREW FREE LOAN SOCIETY INC

NEW YORK, NY · EIN 135562239 · Form 990 · FY2024 · NTEE P510 · Human Services · Medium ($1M-$10M)
revenue
$6.3M
expenses
$4.1M
net assets
$41.9M
employees
23
volunteers
1
program ratio
75%
mission · from form 990

PROVIDES INTEREST-FREE LOANS TO LOWER-INCOME INDIVIDUALS, FAMILIES, AND SMALL BUSINESS OWNERS.

profile · synthesized from sources

Provides interest-free loans to lower-income individuals, families, and small business owners in New York. Operates as a nonprofit lender with a focus on financial accessibility and economic empowerment. Services are targeted toward underserved populations in need of no-cost credit alternatives.

named programs · 2 · from sources

What they call their work

Interest-Free Loan Program
Provides zero-interest loans to lower-income individuals and families for personal needs such as medical expenses, education, and debt consolidation
Small Business Loan Program
Offers interest-free capital to small business owners who lack access to traditional financing
activities · 1 group

What they do

  • Interest-Free Loan and Grant Support 1 activity
    • Providing interest-free loans to lower-income individuals, families, and small business owners
      Offers interest-free loans to support financial stability for lower-income individuals, families, and small business owners, enabling access to capital without the burden of interest.
financials · form 990 · fy2024
revenue
Total revenue$6.35M
Contributions & grants$4.65M73%
Program service revenue$535K8%
Investment income$1.16M18%
Other revenue$3K
expenses
Total expenses$4.09M
Program expenses75%
Admin / overhead11%
Fundraising14%
Salaries & benefits$2.90M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$52.61M
Cash$4.95M
Investments$7.07M
Liabilities$10.74M
Net assets$41.87M
Liquid reserves35.3 mo
6 years on record · 2019–2024 · YoY revenue +7.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 7
NameTitleHours/wkCompensation
DAVID ROSENN PRESIDENT & CEO 40 $368K
KIMBERLEY KAPLAN DEPUTY DIRECTOR 40 $251K
DAREN SCOTT DIRECTOR OF FINANCE AND AD 40 $227K
ZIVA DAVIDOVICH DEVELOPMENT DIRECTOR 40 $222K
SHLOMO HAFT ME LOAN PROGRAM DIRECTOR 40 $176K
ANNA LEVANIDOVA LOAN OFFICER 40 $151K
COREY BONSER SYSTEM ADMINISTRATOR 40 $143K
board members · 18
  • ALAN LAYTNER — DIRECTOR
  • ALON LEDERMAN — DIRECTOR
  • AMIT PALEY — DIRECTOR
  • AMY SHAPIRO — DIRECTOR
  • ANA DEMEL — DIRECTOR
  • ANDREW DANSKER — DIRECTOR
  • ANDREW TANANBAUM — DIRECTOR
  • EDWARD KARAN — DIRECTOR
  • ELLEN BRAITMAN — CHAIR
  • GREG LEVIN — DIRECTOR
  • IAN SHRANK — DIRECTOR
  • JAMIE HARRIS — DIRECTOR
  • JANE EISNER — DIRECTOR
  • JOEL HIRSCHTRITT — DIRECTOR
  • JONATHAN BRICKMAN — TREASURER
  • LYNNE GALLER — DIRECTOR
  • MARK GERSTEIN — DIRECTOR
  • MAURA KEANEY — SECRETARY
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.