Fisher Family Free Loan Fund Inc
- Assets
- $97.8k
- Revenue
- $1.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, MA
- Founding
- Data as of
- 12/2023
- EIN
- 84-2297259
Organization Overview
Fisher Family Free Loan Fund Inc is located in Burlington, MA. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fisher Family Free Loan Fund 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 12/2023, Fisher Family Free Loan Fund Inc generated $1.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (59.0%) each year. All expenses for the organization totaled $637.0 during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Fisher Family Free Loan Fund Inc has awarded 15 individual grants totaling $108,053. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THIS CHARITY IS TO MAKE SIGNIFICANT INVOLVEMENT NOINTEREST NOFEE LOANS TO INDIGENT INDIVIDUALS WHICH ARE THE PROGRAMRELATED INVESTMENTS BELOW IN PART VIIIB AND XIV
THESE FREE LOAN PRIS HELP FINANCIALLYDISTRESSED INDIVIDUALS THROUGH A TEMPORARY CRISES AND ARE PAID A FOR PARTICULAR PURPOSE DIRECTLY TO A MEDICAL FACILITY HOME REPAIR AUTO REPAIRTRAININGEDU INST ETC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Fisher Pres Treas Ast Clerk | 8 | $0 | |
Terri Fisher Clerk Director | 0.5 | $0 | |
Arthur Fisher Director | 1 | $0 | |
Jeffrey Fisher Director | 0.1 | $0 | |
Madeleine Fisher Director | 0.1 | $0 | |
Deborah Freed Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,168 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $28,706 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $100 |
| Printing and publications | $0 |
| Other expenses | $402 |
| Total operating and administrative expenses | $637 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,466 |
| Savings and temporary cash investments | $10,755 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $82,597 |
| Total assets | $97,818 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fisher Family Free Loan Fund Inc has awarded $68,053 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MARK S PURPOSE: WATER HEATRTX LIENUTILS INDIGENT CANCER | $10,000 |
HEBREW FREE LOAN SOCIETY INC PURPOSE: EMERGENCY DISASTER RELIEF107 | $10,000 |
LINA N PURPOSE: HOME REPAIRS INDIGENT | $10,000 |
ELI N PURPOSE: FORECLOSURE PREV DEBTS INDIGENT COVID | $3,000 |
SHEILA M PURPOSE: EVICTION PREVBUSINESS RECOV INDIGENT | $6,738 |
ADAM Z PURPOSE: REAL ESTATE LIEN RELEASE INDIGENT | $3,255 |