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EIN 38-1359260

Hebrew Free Loan Association

IRS 501(c) type
501(c)(3)
Num. employees
6
City
Bloomfield Hills
State
Michigan
Year formed
1895
Most recent tax filings
2023-05-01
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
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
$1,027,759
2023
Total expenses
$990,401
2023
Total assets
$14,134,650
2023
Num. employees
6
2023

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 Metropolitan DetroitTo Provide Interest Free Loans$217,650
United Jewish FoundationTo Provide Interest Free Loans$214,468
Marvin and Betty Danto Family FoundationUnrestricted Charitable Gift$110,000
...and 31 more grants received totalling $836,284

Personnel at Hebrew Free Loan Association

NameTitleCompensation
David C. ContorerBoard Member$198,492
David KramerImmediate Past President$0
Dr. Allen BermanPresident$0
Ralph McDowellVice President$0
Sue HodessSecretary$0
...and 5 more key personnel

Financials for Hebrew Free Loan Association

RevenuesFYE 05/2023
Total grants, contributions, etc.$864,346
Program services$22,775
Investment income and dividends$140,638
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$1,027,759

Form 990s for Hebrew Free Loan Association

Fiscal year endingDate received by IRSFormPDF link
2023-052023-10-12990View PDF
2022-052022-11-29990View PDF
2021-052021-11-30990View PDF
2020-052021-04-06990View PDF
2019-052019-10-31990View PDF
...and 9 more Form 990s
Data update history
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2023
November 28, 2023
Updated personnel
Identified 6 new personnel
November 27, 2023
Received grants
Identified 1 new grant, including a grant for $1,000 from HS Foundation
August 19, 2023
Received grants
Identified 27 new grant, including a grant for $317,213 from United Jewish Foundation
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsCharities
Issues
No issues found
Characteristics
JewishReligiousState / local levelEndowed supportTax deductible donations
General information
Address
6735 Telegraph Rd 300
Bloomfield Hills, MI 48301
Metro area
Detroit-Warren-Dearborn, 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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