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Dallas Hebrew Free Loan Association

Dallas Hebrew Free Loan Association

Dallas, TX 753671235
Tax ID51-0148138

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About this organization

Revenue

$155,176

Expenses

$139,367

Website

dhfla.org

Mission

The Dallas Hebrew Free Loan Association (DHFLA) assists members of the Greater North Texas Jewish Community in need by providing interest-free loans. Through our no interest loans we seek to create a thriving and financially secure North Texas, North Central Texas and East Texas Jewish community.

About

Since 1935, the Dallas Hebrew Free Loan Association (DHFLA) has provided life-changing loans to members of the Greater North Texas Jewish community. As a social lender, we care deeply about providing financial opportunity and creating financial security for couples, families, individuals and small businesses in the North Texas, North Central Texas and East Texas Jewish community through our interest-free loan programs. Our work is rooted in the Jewish tradition of Gemilut Chasadim, the giving of loving kindness, which sees helping people establish a financially secure future as the highest form of charity. Our zero interest loans provide peace-of-mind through the relief of immediate financial strains and give borrowers the opportunity to meet their challenges with dignity. DHFLA’s no interest loans ensure students can afford college, small businesses remain vibrant, Jewish community members can cover emergency expenses, parents can afford the experiences that deepen their children’s Jewish identities, individuals can get the medical treatments to cure what ails them, families with special needs can give their loved one the support they need, couples can become parents, and more. DHFLA interest-free loans are funded entirely through community donations which continually recycle to others through loan repayments, creating many times the original value of the gift and supporting members of the Greater North Texas Jewish community in perpetuity. Key Metrics: Over $1,000,000 in loans to members of the community 100% loan repayment rate 10 loan types Total Assets (2021): $1,772,226 Operating Budget: $153,000 90% of all donations are used for direct program activities.

Interesting data from their 2020 990 filing

The filing outlines the non-profit's goal as “The mission of dallas hebrew free loan association is to assist people of the greater dallas jewish community who are in need by providing interest free loans. dhfla is part of the international jewish free loan movement.”.

When explaining its purpose, the activities were outlined as: “The mission of dallas hebrew free loan association is to assist people of the greater dallas jewish community who are in need by providing interest free loans. dhfla is part of the international jewish free loan movement.”.

  • As per legal reporting requirements, the state of operation for the non-profit is TX.
  • As per the non-profit's form, they have 1 employees as of 2020.
  • The non-profit has loans as of 2020.
  • 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 $100,000 and $250,000.
  • Revenue is between $100,000 and $250,000.
  • Revenue less expenses is $15,809.
  • The CEO's compensation policy within the organization is not established through a review and approval from a neutral party.
  • The organization elects its board members.
  • The organization has 28 independent voting members.
  • The organization was formed in 1935.
  • 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 O.
  • The organization's financial statements were compiled or reviewed by an accountant.
  • The organization pays $68,007 in salary, compensation, and benefits to its employees.
  • The organization pays $1,727 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.

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