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← HEBREW FREE LOAN ASSOCIATION OF SAN FRANCISCO

Form 990 for tax year 2024

Filed by HEBREW FREE LOAN ASSOCIATION OF SAN FRANCISCO.

Totals

Total revenue
$3,389,390
Total expenses
$2,951,827
Contributions and grants received
$3,358,994
Grants paid
$88,465
Program service revenue
$0
Investment income
$57,647
Other revenue
-$27,251
Total assets, end of year
$27,433,565
Total liabilities, end of year
$4,559,673
Net assets or fund balances, end of year
$22,873,892
Program services expenses (Part IX)
$1,948,643
Management and general expenses
$331,466
Fundraising expenses
$671,718
Program service expenses (Part III)
$1,948,643

Program services were 66.0% 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.

  • 1c · Fundraising events

    $35,342

  • 1f · All other contributions, gifts and grants

    $3,323,652

  • 3 · Investment income

    total $57,647 · excluded $57,647

  • 8a · Fundraising events: gross income

    $9,650

  • 8a · Fundraising events: contributions included on line 1c

    $35,342

  • 8b · Fundraising events: direct expenses

    $36,901

  • 8c · Net income from fundraising events

    total -$27,251 · excluded -$27,251

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $88,465 · program services $88,465

  • 5 · Compensation of officers, directors and key employees

    total $520,629 · program services $351,097 · management and general $50,821 · fundraising $118,711

  • 7 · Other salaries and wages

    total $1,338,176 · program services $908,275 · management and general $121,826 · fundraising $308,075

  • 8 · Pension plan contributions

    total $88,545 · program services $57,722 · management and general $11,638 · fundraising $19,185

  • 9 · Other employee benefits

    total $168,625 · program services $109,927 · management and general $22,163 · fundraising $36,535

  • 10 · Payroll taxes

    total $129,679 · program services $84,538 · management and general $17,044 · fundraising $28,097

  • 11b · Fees: legal

    total $1,606 · program services $1,100 · management and general $237 · fundraising $269

  • 11c · Fees: accounting

    total $37,461 · program services $2,014 · management and general $34,526 · fundraising $921

  • 11f · Fees: investment management

    total $23,623 · management and general $23,623

  • 11g · Fees: other

    total $63,455 · program services $43,448 · management and general $9,368 · fundraising $10,639

  • 12 · Advertising and promotion

    total $48,242 · program services $19,735 · management and general $139 · fundraising $28,368

  • 13 · Office expenses

    total $67,886 · program services $29,619 · management and general $1,219 · fundraising $37,048

  • 14 · Information technology

    total $176,885 · program services $131,698 · management and general $12,340 · fundraising $32,847

  • 16 · Occupancy

    total $95,332 · program services $63,771 · management and general $9,283 · fundraising $22,278

  • 17 · Travel

    total $10,030 · program services $5,194 · management and general $1,745 · fundraising $3,091

  • 19 · Conferences, conventions and meetings

    total $13,612 · program services $7,331 · management and general $1,733 · fundraising $4,548

  • 22 · Depreciation, depletion and amortization

    total $7,225 · program services $1,328 · management and general $5,709 · fundraising $188

  • 23 · Insurance

    total $30,937 · program services $17,644 · management and general $6,993 · fundraising $6,300

  • 24a · Other expenses: MISC EXPENSE

    total $29,089 · program services $13,412 · management and general $1,059 · fundraising $14,618

  • 24b · Other expenses: BAD DEBT

    total $12,325 · program services $12,325

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,253,807 · end of year $590,387

  • 2 · Savings and temporary cash investments

    beginning of year $712,394 · end of year $680,351

  • 3 · Pledges and grants receivable

    beginning of year $1,633,832 · end of year $686,436

  • 9 · Prepaid expenses and deferred charges

    beginning of year $153,171 · end of year $135,045

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

    $198,573

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

    $182,347

  • 10c · Land, buildings and equipment, net

    beginning of year $17,038 · end of year $16,226

  • 11 · Investments: publicly traded securities

    beginning of year $3,113,660 · end of year $4,410,430

  • 12 · Investments: other securities

    beginning of year $735,179 · end of year $815,548

  • 13 · Investments: program-related

    beginning of year $22,155,789 · end of year $19,977,904

  • 15 · Other assets

    beginning of year $241,567 · end of year $121,238

  • 17 · Accounts payable and accrued expenses

    beginning of year $176,424 · end of year $331,367

  • 25 · Other liabilities

    beginning of year $8,794,855 · end of year $4,228,306

  • 27 · Net assets without donor restrictions

    beginning of year $9,704,430 · end of year $9,995,357

  • 28 · Net assets with donor restrictions

    beginning of year $12,340,728 · end of year $12,878,535

Mission and programs · 2024

Mission

TO AID WORTHY JEWISH PEOPLE TO BE AND REMAIN SELF-SUPPORTING AND SELF-RESPECTING PERSONS BY AID OF LOANS, GRANTS AND SUCH SERVICES AS THE INDIVIDUAL MAY REQUIRE. SUCH LOANS, GRANTS AND SERVICES SHALL BE RENDERED WITHOUT INTEREST OR OTHER CHARGES. LOANS ARE GIVEN FOR EMERGENCIES, PERSONAL FINANCIAL CHALLENGES, TUITION AND OTHER EDUCATIONAL-RELATED COSTS, FIRST TIME HOME PURCHASES, DEBT CONSOLIDATION, STARTING OR EXPANDING A SMALL BUSINESS, ADOPTION, HEALTH CARE, AND ASSISTING THOSE WHO HAVE BECOME UNEMPLOYED. LOANS ARE ALSO PROVIDED TO SYNAGOGUES AND OTHER JEWISH ORGANIZATIONS.

Activities or mission (Part I)

TO PROVIDE INTEREST FREE LOANS TO MEMBERS OF THE NORTHERN CALIFORNIA JEWISH COMMUNITY.

  • WE DISBURSED 591 INTEREST-FREE LOANS DURING THE YEAR, TOTALING $8.6 MILLION. THIS IS SIMILAR TO THE AMOUNT DISBURSED LAST YEAR, BUT 52 MORE LOANS, WHICH MEANS WE HELPED MORE PEOPLE. WE CLOSED THE YEAR WITH 1,670 LOANS OUT IN THE COMMUNITY (125 MORE THAN LAST YEAR) TOTALING $20.5 MILLION.OUR 18 LOAN PROGRAMS HELP PEOPLE PURSUE LIFE GOALS AND ADDRESS FINANCIAL HARDSHIPS. STUDENT LOANS WERE THE MOST FREQUENTLY REQUESTED LOAN TYPE,FOLLOWED BY DEBT CONSOLIDATION AND GENERAL NEEDS.THE NEED FOR ASSISTANCE CONTINUES TO INCREASE,AS MANY STILL STRUGGLE TO FIND THEIR FOOTING AFTER LOSING INCOME OR DEPLETING SAVINGS DURING THE PANDEMIC. WE ARE WORKING HARD TO GROW OUR RESOURCES TO MEET COMMUNITY NEED.

    Expenses $1,948,643 · Grants $88,465

  • HELPING SMALL BUSINESS OWNERS LAUNCH OR EXPAND THEIR BUSINESSES IS A CORE FOCUS OF OUR LENDING. THIS YEAR, WE MADE 36 BUSINESS LOANS TOTALING $1.3 MILLION (80% MORE LOANS AND 115% MORE IN DOLLARS THAN LAST YEAR). AMOUNTS RANGED FROM $10K TO $50K.MANY APPLICANTS DON'T YET HAVE A BUSINESS TRACK RECORD, SO CAN'T QUALIFY FOR BANK LOANS. FOR EARLY-STAGE ENTREPRENEURS BOOT-STRAPPING THEIR BUSINESSES, OUR LOANS BEING INTEREST-FREE IS A GAME CHANGER. WE'VE SUPPORTED FOOD AND BEVERAGE COMPANIES, MEDICAL PRACTICES, LAW FIRMS, RETAIL STORES, COACHING AND CONSULTING PRACTICES, DEVELOPERS OF PRODUCTS (E.G., SMART TOOTHBRUSHES, PICKLEBALL GRIPS, AND VIDEO GAMES), AND OTHER TYPES OF ENTERPRISES.

  • IN 2023-24, WE RECEIVED SUPPORT FROM GENEROUS DONORS TO LAUNCH OUR ENVIRONMENTAL LOAN PROGRAM, WHICH PROVIDES INTEREST-FREE LOANS TO HELP INDIVIDUALS AND SMALL BUSINESS OWNERS CONTRIBUTE TO SUSTAINABILITY. THE PROGRAM GREW AND GAINED TRACTION THIS YEAR, AS WE TRIPLED THE NUMBER OF ENVIRONMENTAL LOANS WE MADE. MANY LOANS HELPED PEOPLE BUY ELECTRIC VEHICLES TO GET TO WORK AND SCHOOL. OTHERS ASSISTED PEOPLE TO CREATE SUSTAINABLE LANDSCAPES OR INSTALL ELECTRIC HEAT PUMPS IN THEIR HOMES. WE ALSO HELPED SMALL ENVIRONMENTAL BUSINESSES, SUCH AS A SOLAR INSTALLATION COMPANY AND AN INSTALLER OF GREYWATER SYSTEMS AND WATER-CONSCIOUS LANDSCAPING.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Maureen Holt

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Madeline Chaleff

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Roman Polnar

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Michael Rapaport

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • David Kiferbaum

    ASST. SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Gregg Rubenstein

    IMM. PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Paul Orbuch

    AD-HOC EXECUTIVE COMM. MEM

    Total calculated
    $0
    Hours/week
    1

  • Stephen Dobrow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Goldman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Karow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sharon Goldstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Levine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elyse Kaye

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elysse Stackhouse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Chernis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sabina Polnar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Ratner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joshua Rutberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gayle Starr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ronna Stone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Taran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ilya Vinogradsky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Toizer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adam Wiskind

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rabbi Steven Chester

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Rogoway

    EXECUTIVE DIRECTOR

    Total calculated
    $319,261
    From this org
    $274,135
    From related orgs
    $0
    Other
    $45,126
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $272,551
    Bonus
    $0
    Other
    $1,584
    Deferred
    $21,804
    Nontaxable benefits
    $23,322
    Filer's total
    $319,261

  • Menilek Mekbeb

    FINANCE DIRECTOR

    Total calculated
    $179,182
    From this org
    $143,287
    From related orgs
    $0
    Other
    $35,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,524
    Bonus
    $0
    Other
    $763
    Deferred
    $11,709
    Nontaxable benefits
    $24,186
    Filer's total
    $179,182

  • James Massara

    DIRECTOR OF DATA SOLUTIONS

    Total calculated
    $174,041
    From this org
    $149,546
    From related orgs
    $0
    Other
    $24,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,050
    Bonus
    $0
    Other
    $1,496
    Deferred
    $11,258
    Nontaxable benefits
    $13,237
    Filer's total
    $174,041

  • Jamie Hyams

    DEVELOPMENT DIRECTOR

    Total calculated
    $196,632
    From this org
    $157,372
    From related orgs
    $0
    Other
    $39,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,502
    Bonus
    $0
    Other
    $870
    Deferred
    $12,784
    Nontaxable benefits
    $26,476
    Filer's total
    $196,632

  • Teresa Lowe

    ASSISTANT DIRECTOR

    Total calculated
    $150,725
    From this org
    $128,419
    From related orgs
    $0
    Other
    $22,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,605
    Bonus
    $0
    Other
    $814
    Deferred
    $10,209
    Nontaxable benefits
    $12,097
    Filer's total
    $150,725

  • Gregory Zale

    MARKETING DIRECTOR

    Total calculated
    $134,841
    From this org
    $117,627
    From related orgs
    $0
    Other
    $17,214
    Hours/week
    40

  • Marina Levy

    ASSISTANT DIRECTOR

    Total calculated
    $147,174
    From this org
    $126,674
    From related orgs
    $0
    Other
    $20,500
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations 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
2024
Filed
24 March 2026
IRS schema version
2024v5.5
Source object
202600859349300215

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