HEBREW FREE LOAN ASSOCIATION

EIN: 381359260 501(c)(3) Philanthropy & Grantmaking

BLOOMFIELD HILLS, MI

Total Revenue
$1,486,461
Total Expenses
$1,066,248
Total Assets
$14,045,950
Net Assets
$13,764,149
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1895
Legal Domicile
MI
Principal Officer
DAVID CONTORER
Phone
2487238184
Tax Period
2024-06-01 to 2025-05-31

HEBREW FREE LOAN ASSOCIATION, founded in 1895, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $420K, a strong 28% operating margin.

Mission

THE HEBREW FREE LOAN ASSOCIATION (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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,049,824
Program Service Revenue $199,648
Investment Income $236,989
Other Revenue $0
TOTAL REVENUE $1,486,461

Expense Breakdown

Grants Paid $0
Salaries & Benefits $719,315
Fundraising Expenses $164,161
Program Expenses $739,763
Other Expenses $346,933
TOTAL EXPENSES $1,066,248

Year-over-Year Comparison

2024 2023 Change
Revenue $1,486,461 $1,178,121 +0.3%
Expenses $1,066,248 $1,014,767 +0.1%
Net Income $420,213 $163,354 +1.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
73
Independent Members
71
Employees
8
Volunteers
73

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$212,415
Total Directors
72
$97,812
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLEY BERNZWEIG CONTROLLER 40.00
Director
$97,812 $0 $97,812
AMY BERLIN PRESIDENT 1.00
Officer Director
$0 $0 $0
JONATHAN STERLING PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
NITA COHEN VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
RALPH MCDOWELL VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
SUSAN HODESS TREASURER 1.00
Officer Director
$0 $0 $0
JON FELLOWS SECRETARY 1.00
Officer Director
$0 $0 $0
DR STEVEN ARBIT DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY ARONOFF DIRECTOR 1.00
Director
$0 $0 $0
JOANNE ARONOVITZ DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BANKS DIRECTOR 1.00
Director
$0 $0 $0
CAROLYN BELLINSON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BERKE DIRECTOR 1.00
Director
$0 $0 $0
ALLEN BERMEN DIRECTOR 1.00
Director
$0 $0 $0
SAM BERNSTEIN DIRECTOR 1.00
Director
$0 $0 $0
SCOTT BERNSTEIN DIRECTOR 1.00
Director
$0 $0 $0
STAN BERSHARD DIRECTOR 1.00
Director
$0 $0 $0
RICHARD BRODER DIRECTOR 1.00
Director
$0 $0 $0
NIKKI BUDAJ-CHATFIELD DIRECTOR 1.00
Director
$0 $0 $0
KEVIN CHUPACK DIRECTOR 1.00
Director
$0 $0 $0
BOB CITRIN DIRECTOR 1.00
Director
$0 $0 $0
LAUREN DAITCH DIRECTOR 1.00
Director
$0 $0 $0
PEGGY DAITCH DIRECTOR 1.00
Director
$0 $0 $0
JOANNE DANTO DIRECTOR 1.00
Director
$0 $0 $0
LOREN DICKSTEIN DIRECTOR 1.00
Director
$0 $0 $0
AMY ERSHER DIRECTOR 1.00
Director
$0 $0 $0
SETH FABER DIRECTOR 1.00
Director
$0 $0 $0
RANDALL FOGELMAN DIRECTOR 1.00
Director
$0 $0 $0
LACEY FOON DIRECTOR 1.00
Director
$0 $0 $0
LAURIE FRANKEL DIRECTOR 1.00
Director
$0 $0 $0
DAVID FURMAN DIRECTOR 1.00
Director
$0 $0 $0
JOSH GERSHONOWICZ DIRECTOR 1.00
Director
$0 $0 $0
DIANE GOLDSTEIN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GRAUB DIRECTOR 1.00
Director
$0 $0 $0
PAUL HACK DIRECTOR 1.00
Director
$0 $0 $0
TARA FORMAN HACK DIRECTOR 1.00
Director
$0 $0 $0
JULIE TREPECK HARRIS DIRECTOR 1.00
Director
$0 $0 $0
LAUREN HARTMAN DIRECTOR 1.00
Director
$0 $0 $0
JOEL HECHLER DIRECTOR 1.00
Director
$0 $0 $0
SALLY HOOBERMAN DIRECTOR 1.00
Director
$0 $0 $0
DAVID JACOBSON DIRECTOR 1.00
Director
$0 $0 $0
MARY KEANE DIRECTOR 1.00
Director
$0 $0 $0
SHERRY KETAI DIRECTOR 1.00
Director
$0 $0 $0
DAVID KIRSCH DIRECTOR 1.00
Director
$0 $0 $0
DAVID KRAMER DIRECTOR 1.00
Director
$0 $0 $0
REX LANYI DIRECTOR 1.00
Director
$0 $0 $0
EMILY LEVIN DIRECTOR 1.00
Director
$0 $0 $0
RANDIE LEVIN DIRECTOR 1.00
Director
$0 $0 $0
ARTHUR LISS DIRECTOR 1.00
Director
$0 $0 $0
JAY MUST DIRECTOR 1.00
Director
$0 $0 $0
HARRIET ORLEY DIRECTOR 1.00
Director
$0 $0 $0
ADAM POGODA DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN POLK DIRECTOR 1.00
Director
$0 $0 $0
RICHARD ROTH DIRECTOR 1.00
Director
$0 $0 $0
JARED ROTHBERGER DIRECTOR 1.00
Director
$0 $0 $0
JOSH RUBIN DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE RUBIN DIRECTOR 1.00
Director
$0 $0 $0
CARLY SCHIFF DIRECTOR 1.00
Director
$0 $0 $0
ROB SCHWARTZ DIRECTOR 1.00
Director
$0 $0 $0
JOYCE SHERMAN DIRECTOR 1.00
Director
$0 $0 $0
NEIL SHERMAN DIRECTOR 1.00
Director
$0 $0 $0
STUART SHERMAN DIRECTOR 1.00
Director
$0 $0 $0
STUART SNIDER DIRECTOR 1.00
Director
$0 $0 $0
NECHAMA SOLOFF DIRECTOR 1.00
Director
$0 $0 $0
JOHN TEWELES DIRECTOR 1.00
Director
$0 $0 $0
CAROLYN TISDALE DIRECTOR 1.00
Director
$0 $0 $0
YONI TORGOW DIRECTOR 1.00
Director
$0 $0 $0
PAM TORRACO DIRECTOR 1.00
Director
$0 $0 $0
DAVID WALLACE DIRECTOR 1.00
Director
$0 $0 $0
LAUREN WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
ANDI WOLFE DIRECTOR 1.00
Director
$0 $0 $0
BARBI ZALTZ DIRECTOR 1.00
Director
$0 $0 $0
DAVID C CONTORER EXECUTIVE DIRECTOR 40.00
Officer
$212,415 $0 $212,415
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,486,461 $1,066,248 $14,045,950 $420,213
2024 $1,178,121 $1,014,767 $14,587,847 $163,354
2023 $1,027,759 $990,401 $14,134,650 $37,358
2022 $1,136,058 $929,118 $14,097,278 $206,940
2021 $1,184,271 $867,761 $14,014,704 $316,510
2020 $2,595,443 $882,184 $13,509,108 $1,713,259
2019 $2,074,649 $850,906 $12,026,585 $1,223,743
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