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Nonprofiteer
← FRIENDS OF HLA 2 INC

Form 990 for tax year 2023

Filed by FRIENDS OF HLA 2 INC.

Totals

Total revenue
$589,618
Total expenses
$350,907
Contributions and grants received
$0
Grants paid
$327,407
Program service revenue
$0
Investment income
$0
Other revenue
$589,618
Total assets, end of year
$45,005,646
Total liabilities, end of year
$44,770,974
Net assets or fund balances, end of year
$234,672
Program services expenses (Part IX)
$327,407
Management and general expenses
$23,500
Fundraising expenses
$0
Program service expenses (Part III)
$327,407

Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 6a · Gross rents

    real property $2,389,175

  • 6b · Less rental expenses

    real property $1,799,557

  • 6c · Rental income or loss

    real property $589,618

  • 6d · Net rental income or loss

    total $589,618 · excluded $589,618

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $327,407 · program services $327,407

  • 11c · Fees: accounting

    total $23,500 · management and general $23,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $79,754

  • 7 · Other notes and loans receivable

    end of year $327,407

  • 9 · Prepaid expenses and deferred charges

    end of year $142,745

  • 10a · Land, buildings and equipment: cost or other basis

    $25,090

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $25,090

  • 15 · Other assets

    beginning of year $0 · end of year $44,430,650

  • 17 · Accounts payable and accrued expenses

    end of year $142,103

  • 25 · Other liabilities

    beginning of year $4,039 · end of year $44,628,871

  • 27 · Net assets without donor restrictions

    beginning of year -$4,039 · end of year $234,672

Mission and programs · 2023

Mission

FRIENDS OF HEBREW LANGUAGE ACADEMY 2 , INC., ("FOHLA2") WAS FOUNDED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF, HEBREW LANGUAGE CHARTER SCHOOLS IN NEW YORK STATE.

  • FOR THE YEAR ENDED JUNE 30, 2024, THE ORGANIZATION PROVIDED PROGRAMMATIC EXPENSE OF APPROXIMATELY $2.16MM TO SUPPORT HEBREW LANGUAGE CHARTER SCHOOLS, LOCATED IN BROOKLYN, NY. SUCH SUPPORT INCLUDED OPERATING FUNDS TO ENABLE THE LEASING OF CLASSROOM SPACE AND THE FURNISHING OF RELATED REPAIRS & MAINTENANCE.

    Expenses $327,407 · Grants $327,407

As filed on the 2023 return.

Listed in Part VII

  • Jon Rosenberg

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Elyse Castellano

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531349349303163

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