Hebrew Free Loan Of San Diego
- Assets
- $1.5m
- Revenue
- $707.1k
- Investments
- $197.3k
- Employees
- 4
- Location
- La Jolla, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-2055131
Organization Overview
Hebrew Free Loan Of San Diego is located in La Jolla, CA. As of 12/2023, Hebrew Free Loan Of San Diego employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hebrew Free Loan Of San Diego 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, Hebrew Free Loan Of San Diego generated $707.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $244.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HEBREW FREE LOAN OF SAN DIEGO FOSTERS FINANCIAL STABILITY AND OPPORTUNITY AMONG THE JEWISH COMMUNITY OF SAN DIEGO COUNTY BY PROVIDING ACCESS TO AFFORDABLE INTEREST-FREE LOANS WITH JEWISH VALUES OF COMPASSION, KINDNESS, AND FLEXIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEBREW FREE LOAN OF SAN DIEGO HAS SUCCESSFULLY MOVED FROM START UP TO GROWTH PHASE. WE CONTINUE TO FOCUS ON OUTREACH AND RAISING AWARENESS THROUGHOUT SAN DIEGO COUNTY, ASSISTING POTENTIAL BORROWERS ON THEIR PATH TO FINANCIAL SECURITY, AND CONTINUING OUR FUNDRAISING EFFORTS. 2023 SHOWED 34% MORE LOAN INQUIRES THAN 2021 AND 2022 COMBINED, AND INCREASED LOAN RECIPIENTS BY OVER 70% FROM 2022 TO 2023. WE REMAIN AT A 0% LOAN LOSS AND ARE PROUD OF THAT FACT THAT OUR LOAN REPAYMENTS CREATE A CYCLE OF IMPACT, WHERE EACH REPAYMENT BECOMES A FRESH OPPORTUNITY TO KINDLE HOPE, NURTURE NEW BEGINNINGS AND UNLOCK ENDLESS POSSIBILITIES FOR THOSE MEMBERS OF OUR COMMUNITY IN NEED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindi Frankel Executive Director | 40 | $108,667 | |
Miriam Lieber | 0 | $41,440 | |
Joanna M Kaplan | 0 | $28,480 | |
Lorene F Morris | 0 | $3,370 | |
Selwyn Isakow President | OfficerTrustee | 3 | $0 |
Hilary Isakow Asst Secretary | OfficerTrustee | 1 | $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 | $686,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $686,023 |
| Total Program Service Revenue | $0 |
| Investment income | $20,289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $829 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $707,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,957 |
| Compensation of current officers, directors, key employees. | $9,098 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,918 |
| Fees for services: Other | $1,184 |
| Advertising and promotion | $9,722 |
| Office expenses | $248 |
| Information technology | $2,474 |
| 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 | $6,619 |
| All other expenses | $3,707 |
| Total functional expenses | $244,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $776,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $169,413 |
| 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 | $197,341 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $287,170 |
| Total assets | $1,520,933 |
| 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 | $14,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,930 |
| Total liabilities | $57,430 |
| Net assets without donor restrictions | $1,463,503 |
| 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 | $1,520,933 |