Hebrew Free Loan Association
Hebrew Free Loan Association
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About this organization
Mission
Hebrew Free Loan of Metropolitan Detroit provides financial help to Jewish people in the state of Michigan through the lending of money without interest. We help people in accordance with the core Jewish values of respect, compassion and confidentiality.
About
The organization grants interest free loans as required by the association's charter and in accordance with Jewish tradition.
Interesting data from their 2019 990 filing
The filing specifies the mission of the non-profit as “The association provides financial assistance to jewish people in the state of michigan through the lending of money without interest in accordance with core jewish values, respect compassion and confidentiality.”.
When explaining its duties, they were described as: “The association provides financial assistance to jewish people in the state of michigan through the lending of money without interest in accordance with core jewish values, respect, compassion and confidentiality.”.
- The state in which the non-profit is authorized to operate legally is MI.
- According to the filing, the address of the non-profit for the year 2019 is 6735 TELEGRAPH RD STE 300, BLOOMFIELD HILLS, MI, 48302.
- The non-profit has reported 5 employees on their form for the year 2019.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,223,743.
- The CEO compensation strategy within the organization is determined through a thorough evaluation and endorsement by an independent source.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 59 independent voting members.
- The organization was formed in 1895.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $575,813 in salary, compensation, and benefits to its employees.
- The organization pays $121,451 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.