Hebrew Free Loan Association of District of Columbia
Hebrew Free Loan Association of District of Columbia
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About this organization
Mission
The Hebrew Free Loan Association of Greater Washington's mission is to provide interest-free loans to members of the community, to help them meet their financial needs with dignity. Loans are available for a range of needs, including, but not limited to, medical bills, emergency bills, and credit card debts. Loans are also available to students in their junior and senior years of college and graduate students. The Hebrew Free Loan Association exists to enable individuals to meet financial challenges and advance their ability to support themselves and their families. In 2019, HFLAGW provided 30 new traditional loans and 11 emergency loans during January's Federal Furlough.
About
In 2019 the hebrew free loan association of greater washington (HFLAGW) provided 30 traditional interest free loans in the amount of $245,000 to members of the DC metro area jewish community in need of financial assistance.
Interesting data from their 2020 990 filing
From their filing, the objective of the non-profit is stated as “The hebrew free loan association of greater washington's mission is to provide interest-free loans to members of the community, to help them meet their financial needs with dignity. loans are available for a range of needs, including, but not limited to, medical bills, emergency bills, and credit card debts. loans are also available to students in their junior and senior years of college and graduate students. the hebrew free loan association exists to enable individuals to meet financial challenges and advance their ability to support themselves and their families. in 2019, hflagw provided 30 new traditional loans and 11 emergency loans during january's federal furlough.”.
When talking about its functions, they were outlined as: “The hebrew free loan association of greater washington's mission is to provide interest-free loans to members of the community, to help them meet their financial needs with dignity. loans are available for a range of needs, including, but not limited to, medical bills, emergency bills, and credit card debts. loans are also available to students in their junior and senior years of college and graduate students. the hebrew free loan association exists to enable individuals to meet financial challenges and advance their ability to support themselves and their families. in 2019, hflagw provided 30 new traditional loans and 11 emergency loans during january's federal furlough.”.
- The legally reported state of operation for the non-profit is DC.
- According to the filing, the non-profit's address in 2020 is 10421 Motor City Drive PO Box 34204, Bethesda, MD, 208272044.
- The non-profit organization as of 2020 has a total of 2 employees reported on their form.
- 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 less than $100,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $81,734.
- The CEO's compensation within the organization is not based on a review and approval by an independent party.
- The organization has 14 independent voting members.
- The organization was formed in 1909.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $53,380 in salary, compensation, and benefits to its employees.
- The organization pays $25,475 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has fundraising events.