Hebrew Free Loan Association Of Baltimore City Inc

Organization Overview

Hebrew Free Loan Association Of Baltimore City Inc is located in Baltimore, MD. The organization was established in 1943. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, Hebrew Free Loan Association Of Baltimore City Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hebrew Free Loan Association Of Baltimore City Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Hebrew Free Loan Association Of Baltimore City Inc generated $75.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $93.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE INTEREST FREE LOANS TO MEMBERS OF THE BALTIMORE METROPOLITAN JEWISH COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INTEREST FREE LOAN PROGRAM UNDER JEWISH TEACHINGS AND TRADITION. DURING THE CURRENT FISCAL YEAR THE HFLA HAS SERVICED 33 LOANS TOTALING $186,439.


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Board, Officers & Key Employees

Name (title)Compensation
Alisa Meizlish
President
$0
Sara Wetstein
1st VP
$0
Ina Naiman
2nd VP
$0
Simcha Gross
Secretary
$0
Benyamin Wise
Treasurer
$0
Marilyn Schloss
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$51,523
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$51,523
Total Program Service Revenue$0
Investment income $25,488
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,290
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $75,721

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