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 06/2022, 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 06/2022, Hebrew Free Loan Association Of Baltimore City Inc generated $103.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $72.9k during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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 27 LOANS TOTALING $171,005.


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Board, Officers & Key Employees

Name (title)Compensation
Harold Walter
President
$0
Alisa Meizlish
1st VP
$0
Daniel Goetz
Treasurer
$0
Sara Wetstein
2nd VP
$0
Rubin Rakovsky
Assistant Treasurer
$0
Marilyn Schloss
Secretary
$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$54,483
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$54,483
Total Program Service Revenue$0
Investment income $31,977
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $16,560
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $103,020

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Hebrew Free Loan Association Of Baltimore City Inc has recieved totaling $42,229.

Awarding OrganizationAmount
Gemach Chessed Inc

Baltimore, MD

PURPOSE: Further charitable causes

$22,000
Associated Jewish Community Federation Of Baltimore Inc

Baltimore, MD

PURPOSE: GENERAL SUPPORT

$20,229
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$63,864
Grants$475
Ending Balance$63,389

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