Program areas at HFLS
The Hebrew Free Loan Society (hfls) advances economic stability and opportunity for lower-income new yorkers within and beyond the jewish community by making safe, affordable interest-free loans. Hfls is a non-sectarian lender, serving the new york city area since 1892. Hfls provides 0%-interest loans to assist low and moderate-income households who are struggling to manage spikes in expenses, dips in income, and other financial challenges. Hfls loans help lower-income individuals and families pay for college, graduate school, or professional training; manage medical and dental expenses; afford moving costs and security deposits; consolidate and reduce high-interest debt; start or expand a small business; access expensive special education services for their special needs children; pay immigration and legal fees; and more. At end of fy24, hfls had 4,692 loans outstanding totaling $38.56 million; in fy24 alone, hfls disbursed 1,863 loans totaling more than $29.63 million.
Who funds Hebrew Free Loan Society (HFLS)
Grants from foundations and other nonprofits
Financials for HFLS
| Revenues | FYE 06/2024 | FYE 06/2023 | % Change |
|---|
| Total grants, contributions, etc. | $4,583,622 | $6,305,517 | -27.3% |
| Program services | $541,497 | $346,995 | 56.1% |
| Investment income and dividends | $61,040 | $68,775 | -11.2% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $728,121 | $588,582 | 23.7% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $5,914,280 | $7,309,869 | -19.1% |
Organizations like HFLS
| Organization | Type | Location | Revenue |
|---|
| Life Asset | 501(c)(3) | Washington, DC | $2,086,765 |
| Lending Link Credit Solutions | 501(c)(3) | Omaha, NE | $2,347,697 |
| Prosperity Connection | 501(c)(3) | Saint Louis, MO | $1,659,086 |
| Nixyaawii Community Financial Services | 501(c)(3) | Pendleton, OR | $1,539,028 |
| The Savings Collaborative | 501(c)(3) | Carbondale, CO | $1,800,395 |
| Cars Donating Is Easy and on the Go Transportation Coordination | 501(c)(3) | San Diego, CA | $17,892,014 |
| Jewish Family and Children's Service of Minneapolis | 501(c)(3) | Golden Valley, MN | $12,331,040 |
| Kripalu Center for Yoga and Health | 501(c)(3) | Stockbridge, MA | $28,906,958 |
| Apprisen | 501(c)(3) | Gahanna, OH | $2,907,133 |
| Pinky Swear Foundation | 501(c)(3) | Edina, MN | $4,591,882 |
Data update history
July 3, 2025
Posted financials
Added Form 990 for fiscal year 2024
May 28, 2025
Updated personnel
Identified 11 new personnel
March 26, 2025
Received grants
Identified 24 new grant, including a grant for $1,046,070 from Jewish Communal Fund Nonprofit Types
Human service organizationsFamily service centersCharities
Issues
Human services
Characteristics
JewishReligiousNational levelEndowed supportTax deductible donationsAccepts online donations
General information
- Address
- 675 Third Ave Suite 1805
- New York, NY 10017
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- New York County, NY
- Website URL
- hfls.org/Â
- Phone
- (212) 687-0188
- Facebook page
- hflsnewyorkÂ
- Twitter profile
- @hebrewfreeloanÂ
IRS details
- EIN
- 13-5562239
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1892
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- P50: Personal Social Services
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Current - In Process
- FTB status revoked
- Not revoked
- AG Registration Number
- CT0214964
- FTB Entity ID
- None yet
- AB 488 data last updated ("as-of") date
- 2025-08-06
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