HEBREW FREE LOAN OF New Jersey INC

EIN: 521931966 501(c)(3) Unknown

WHIPPANY, NJ

Total Revenue
$176,915
Total Expenses
$96,864
Total Assets
$1,885,463
Net Assets
$1,535,463
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NJ
Principal Officer
Leo Gordon
Phone
9739293094
Tax Period
2024-07-01 to 2025-06-30

HEBREW FREE LOAN OF New Jersey INC, founded in 1995, is a small nonprofit in the Unknown sector that reported $177K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $80K, a strong 45% operating margin.

Mission

THE ORGANIZATION IS A SUPPORTING Organization WHICH MAKES interest free loans to carry out the purposes of the Jewish COMMUNITY FOUNDATION OF GREATER METROWEST NJ, INC.

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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 $105,014
Program Service Revenue $0
Investment Income $71,901
Other Revenue $0
TOTAL REVENUE $176,915

Expense Breakdown

Grants Paid $0
Salaries & Benefits $47,810
Fundraising Expenses $0
Program Expenses $70,727
Other Expenses $49,054
TOTAL EXPENSES $96,864

Year-over-Year Comparison

2024 2023 Change
Revenue $176,915 $262,546 -0.3%
Expenses $96,864 $70,640 +0.4%
Net Income $80,051 $191,906 -0.6%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEO GORDON PRESIDENT/TRUSTEE 1.0
Officer Director
$0 $0 $0
Robert J SINGER Vice president/TRUSTEE 0.0
Officer Director
$0 $0 $0
JO ANN BOYKO TREASURER/TRUSTEE 1.0
Officer Director
$0 $0 $0
BETH KRINSKY SECRETARY/Trustee 1.0
Officer Director
$0 $0 $0
Susan Greene TRUSTEE 1.0
Director
$0 $0 $0
SHIFRA HERZBERG Trustee 1.0
Director
$0 $0 $0
LORI FEINBERG KANY TRUSTEE 1.0
Director
$0 $0 $0
Eric Lebovich TRUSTEE 1.0
Director
$0 $0 $0
Robert Marcus TRUSTEE 1.0
Director
$0 $0 $0
Frank L Mirchin TRUSTEE 1.0
Director
$0 $0 $0
MAXINE B MURNICK TRUSTEE 1.0
Director
$0 $0 $0
STEVE NEWMARK TRUSTEE 1.0
Director
$0 $0 $0
JANE SAMBOL TRUSTEE 1.0
Director
$0 $0 $0
Marcia A Schwartz TRUSTEE 1.0
Director
$0 $0 $0
ARTHUR SCHECHNER Trustee 1.0
Director
$0 $0 $0
MICHAEL R SCHECHNER Trustee 1.0
Director
$0 $0 $0
James Shrager TRUSTEE 1.0
Director
$0 $0 $0
Malkie Ratzker trustee 1.0
Director
$0 $0 $0
William Ziff Trustee 1.0
Director
$0 $0 $0
Shawn Laing CFO - effective 2025 1.0
Officer
$0 $0 $0
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 $176,915 $96,864 $1,885,463 $80,051
2024 $262,546 $70,640 $1,658,065 $191,906
2023 $89,472 $58,796 $1,444,729 $30,676
2022 $90,782 $96,414 $1,388,556 $-5,632
2021 $99,827 $89,721 $1,431,321 $10,106
2020 $567,763 $70,538 $1,158,664 $497,225
2019 $69,088 $97,589 $679,987 $-28,501
2018 $53,281 $41,757 $713,425 $11,524
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