Hebrew Free Loan Of Metrowest Inc
- Assets
- $1.4m
- Revenue
- $99.8k
- Investments
- $861.8k
- Employees
- 0
- Location
- Whippany, NJ
- Founding
- 07/1995
- Data as of
- 06/2021
- EIN
- 52-1931966
Organization Overview
Hebrew Free Loan Of Metrowest Inc is located in Whippany, NJ. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hebrew Free Loan Of Metrowest 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 06/2021, Hebrew Free Loan Of Metrowest Inc generated $99.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $89.7k during the year ending 06/2021. While expenses have increased by 12.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A SUPPORTING FOUNDATION WHICH MAKES GRANTS TO CARRY OUT THE PURPOSES OF THE JEWISH COMMUNITY FOUNDATION OF GREATER METROWEST NJ, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT ITS NONPROFIT LENDING ACTIVITIES, HEBREW FREE LOAN OF METROWEST, INC. SUPPORTED THE JEWISH COMMUNITY FOUNDATION OF GREATER METROWEST NJ, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Rabner Asst Treasurer | OfficerTrustee | 1 | $0 |
Tamar Warburg Assistant Secretary | OfficerTrustee | 1 | $0 |
Steve Newmark Vice President/trustee | OfficerTrustee | 1 | $0 |
Leo Gordon President/trustee | OfficerTrustee | 1 | $0 |
Lori Feinberg Kany Trustee | Trustee | 1 | $0 |
Robert Marcus Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $19,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,605 |
| Total Program Service Revenue | $0 |
| Investment income | $29,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,202 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $43,985 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,864 |
| Fees for services: Other | $1,260 |
| Advertising and promotion | $7,863 |
| Office expenses | $1,763 |
| Information technology | $11,998 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $962 |
| Total functional expenses | $89,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $192,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $861,806 |
| Investments—program-related | $377,450 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,431,321 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $0 |
| Total liabilities | $200,000 |
| Net assets without donor restrictions | $1,231,321 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,431,321 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hebrew Free Loan Of Metrowest Inc has recieved totaling $34,500.
| Awarding Organization | Amount |
|---|---|
Jewish Federation Of Greater Metrowest Nj Whippany, NJ PURPOSE: Interest Free Loans For The Needy | $19,500 |
Perlman Family Foundation Sherman Oaks, CA PURPOSE: GENERAL USE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carl Fenichel Community Services Inc Brooklyn, NY | $12,251,363 | $5,691,898 |
Enterprise Center Capital Corporation Philadelphia, PA | $134,514,899 | $23,652,312 |
New Square Community Improvement Council Inc New Square, NY | $7,666,025 | $8,815,852 |
Kings Bay Ym-Ywha Inc Brooklyn, NY | $12,626,720 | $11,475,108 |
Trinity Hall Tinton Falls, NJ | $25,041,854 | $11,664,482 |
Lincoln Financial Foundation Inc Radnor, PA | $4,895,429 | $8,366,668 |
Hospice-Vnsw Wphc Inc White Plains, NY | $7,508,393 | $8,068,324 |
Girl Scouts Of Northern New Jersey Inc Riverdale, NJ | $19,182,901 | $9,766,793 |
The Armory Foundation New York, NY | $10,796,175 | $8,230,990 |
The Pierre And Tana Matisse Foundation New York, NY | $201,513,951 | $12,995,130 |
Young Mens Christian Association Of Olean Ny And Bradford Pa Olean, NY | $15,431,743 | $7,834,907 |
The Sea Gate Association Brooklyn, NY | $31,154,598 | $12,359,100 |