2025-03-17T16:40:30-05:00 2024-06-30 680037990 GILBERT CPAS 2880 GATEWAY OAKS DR STE 100 SACRAMENTO CA 95833 990 2023-07-01 941156545 HEBREW FREE LOAN ASSOCIATION OF SAN FRANCISCO HEBR 4155469902 131 STEUART STREET 520 SAN FRANCISCO CA 94105 CINDY ROGOWAY EXECUTIVE DIRECTOR 4155469902 2025-03-17 1 1 AMANDA H WILLIAMS P01281212 9166466464 2025-03-17 2023 2025-03-06 01:10:19Z CINDY ROGOWAY 131 STEUART STREET 520 SAN FRANCISCO CA 94105 5091370 0 X WWW.HFLASF.ORG X 1897 CA TO PROVIDE INTEREST FREE LOANS TO MEMBERS OF THE NORTHERN CALIFORNIA JEWISH COMMUNITY. 24 24 12 96 0 0 2607793 3534330 0 0 277946 135767 6481 -140669 2892220 3529428 60902 38455 0 0 1773324 1995585 0 0 615826 543986 635665 2378212 2669705 514008 859723 27595951 31016437 6852646 8971279 20743305 22045158 X TO AID WORTHY JEWISH PEOPLE TO BE AND REMAIN SELF-SUPPORTING AND SELF-RESPECTING PERSONS BY AID OF LOANS, GRANTS AND SUCH SERVICES AS THE INDIVIDUAL MAY REQUIRE. SUCH LOANS, GRANTS AND SERVICES SHALL BE RENDERED WITHOUT INTEREST OR OTHER CHARGES. LOANS ARE GIVEN FOR EMERGENCIES, PERSONAL FINANCIAL CHALLENGES, TUITION AND OTHER EDUCATIONAL-RELATED COSTS, FIRST TIME HOME PURCHASES, DEBT CONSOLIDATION, STARTING OR EXPANDING A SMALL BUSINESS, ADOPTION, HEALTH CARE, AND ASSISTING THOSE WHO HAVE BECOME UNEMPLOYED. LOANS ARE ALSO PROVIDED TO SYNAGOGUES AND OTHER JEWISH ORGANIZATIONS. 0 0 1745823 38455 WE DISBURSED $8.7 MILLION IN INTEREST-FREE LOANS DURING THE YEAR: AN 8% INCREASE OVER THE YEAR BEFORE. WE CLOSED THE 2023-24 FISCAL YEAR WITH 1,545 LOANS TOTALING $22.7 MILLION OUT IN THE COMMUNITY: THE HIGHEST IN OUR AGENCY'S 127-YEAR-OLD HISTORY. COMMUNITY NEED CONTINUED TO GROW, AND MORE PEOPLE APPLIED FOR HELP THAN EVER BEFORE. WE HAVE 18 LOAN PROGRAMS THAT HELP PEOPLE PURSUE LIFE GOALS AND ADDRESS FINANCIAL HARDSHIPS. THIS PAST YEAR, STUDENT LOANS AND DEBT CONSOLIDATION LOANS WERE THOSE MOST FREQUENTLY REQUESTED. AS NEEDS OF ALL TYPES CONTINUE TO INCREASE, WE WILL GROW OUR RESOURCES TO MAINTAIN OUR ABILITY TO SERVE AS A FINANCIAL SAFETY NET FOR THE COMMUNITY. WITH SUPPORT FROM A GENEROUS DONOR, WE LAUNCHED OUR ENVIRONMENTAL LOAN PROGRAM TO PROVIDE INTEREST-FREE LOANS THAT HELP INDIVIDUALS AND SMALL BUSINESS OWNERS CONTRIBUTE TO ENVIRONMENTAL SUSTAINABILITY. NEED-BASED LOANS HELP PEOPLE INCREASE ENERGY EFFICIENCY, REDUCE CARBON EMISSIONS, CONSERVE RESOURCES, PROTECT THE CLIMATE, OR REDUCE WASTE. EXAMPLES INCLUDE SOLAR PANELS, ELECTRIC CARS, DOUBLE-PANED WINDOWS, AND GRAYWATER RECYCLING SYSTEMS. THIS PROGRAM EMBODIES THE SPIRIT OF TWO JEWISH VALUES, TIKKUN OLAM (REPAIRING THE WORLD) AND SHMIRAT HA-ADAMAH (CARE OF THE EARTH), TO HELP ADDRESS CLIMATE CHANGE AND ENVIRONMENTAL DESTRUCTION. WE PARTICIPATED IN A JOINT INITIATIVE TO PROVIDE EMERGENCY FINANCIAL ASSISTANCE FOR ISRAELI INDIVIDUALS AND FAMILIES IN NEED DUE TO THE EVENTS OF OCTOBER 7, 2023. THE INTERNATIONAL ASSOCIATION OF JEWISH FREE LOANS, PLUS OUR AGENCY AND 16 OTHER MEMBER AGENCIES, MADE A $3.4 MILLION INTEREST-FREE LOAN TO OGEN, OUR SISTER AGENCY IN ISRAEL. WE CONTRIBUTED $1 MILLION TO THIS EFFORT, THANKS TO A GENEROUS DONOR WHO MADE AN INTEREST-FREE LOAN TO US FOR THIS PURPOSE. OGEN DISBURSED ALL THE FUNDS PROVIDED, MAKING 350 LOANS AVERAGING $10,000 EACH, WHICH POSITIVELY IMPACTED 1,225 ISRAELIS. THESE LOANS SUPPORTED THE FAMILIES OF RESERVISTS CALLED UP TO DUTY, PEOPLE DISPLACED FROM THEIR HOMES, AND THOSE SUFFERING OTHER FINANCIAL LOSSES DUE TO THE OCTOBER 7 ATTACKS. 1745823 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 8 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X X MENILEK MEKBEB 4155469902 131 STEUART STREET 520 SAN FRANCISCO CA 94105 GREGG RUBENSTEIN BOARD PRESIDENT 4.00 X X 0 0 0 MAUREEN HOLT 1ST VICE PRESIDENT 4.00 X X 0 0 0 ROMAN POLNAR 2ND VICE PRESIDENT 4.00 X X 0 0 0 MICHAEL RAPAPORT TREASURER 4.00 X X 0 0 0 MADELINE CHALEFF ASST. SECRETARY 4.00 X X 0 0 0 STEVEN ZIMMERMAN IMM. PAST PRESIDENT 4.00 X X 0 0 0 PAUL ORBUCH BOARD MEMBER 1.00 X 0 0 0 STEPHEN DOBROW BOARD MEMBER 1.00 X 0 0 0 MARK GOLDMAN BOARD MEMBER 1.00 X 0 0 0 CHRIS KAROW BOARD MEMBER 1.00 X 0 0 0 DAVID KIFERBAUM BOARD MEMBER 1.00 X 0 0 0 DAVID LEVINE BOARD MEMBER 1.00 X 0 0 0 MILLA LVOVICH BOARD MEMBER 1.00 X 0 0 0 RYAN CHERNIS BOARD MEMBER 1.00 X 0 0 0 SABINA POLNAR BOARD MEMBER 1.00 X 0 0 0 PAUL RATNER BOARD MEMBER 1.00 X 0 0 0 JOSHUA RUTBERG BOARD MEMBER 1.00 X 0 0 0 GAYLE STARR BOARD MEMBER 1.00 X 0 0 0 RONNA STONE BOARD MEMBER 1.00 X 0 0 0 JESSICA TARAN BOARD MEMBER 1.00 X 0 0 0 RENATA TELEFUS BOARD MEMBER 1.00 X 0 0 0 ERIC TOIZER BOARD MEMBER 1.00 X 0 0 0 ADAM WISKIND BOARD MEMBER 1.00 X 0 0 0 RABBI STEVEN CHESTER BOARD MEMBER 1.00 X 0 0 0 CYNTHIA ROGOWAY EXECUTIVE DIRECTOR 60.00 X 256372 0 42344 MENILEK MEKBEB FINANCE DIRECTOR 40.00 X 139012 0 37285 JAMES MASSARA DIRECTOR OF DATA SOLUTIONS 40.00 X 144621 0 32993 JAMIE HYAMS DEVELOPMENT DIRECTOR 40.00 X 152044 0 41573 TERESA LOWE ASSISTANT DIRECTOR 40.00 X 123688 0 31817 GREGORY ZALE MARKETING DIRECTOR 40.00 X 113917 0 9901 MARINA LEVY ASSISTANT DIRECTOR 40.00 X 119131 0 19230 1048785 0 215143 7 0 1 0 0 450043 3084287 70849 3534330 78014 78014 1448423 1390670 57753 57753 57753 30603 450043 171272 -140669 -140669 3529428 0 0 -4902 38455 38455 490380 319999 52131 118250 1149863 756146 115226 278491 81194 50942 11099 19153 159866 100302 21854 37710 114282 71702 15622 26958 6468 2204 250 4014 33794 2312 31049 433 13449 13449 33794 17962 9409 6423 45417 19794 190 25433 46358 16660 2196 27502 151918 115043 10400 26475 92421 61175 8983 22263 7132 2638 1401 3093 10880 3894 1430 5556 5773 5773 27031 14616 7053 5362 BAD DEBT 147197 147197 MISC EXPENSE 14033 4782 541 8710 2669705 1745823 308056 615826 426410 2253807 503823 712394 1485750 1633832 176253 153171 193550 176512 15192 17038 3932856 3113660 663070 735179 20069781 22155789 322816 241567 27595951 31016437 156208 176424 6696438 8794855 6852646 8971279 X 9367111 9704430 11376194 12340728 20743305 22045158 27595951 31016437 X 859723 351139 90991 X X 0 1 X 1 0 X 3767149 1832034 4164367 2607793 3534330 15905673 3767149 1832034 4164367 2607793 3534330 15905673 1666420 14239253 146976 175599 364287 92957 57983 837802 2768 4050 3668 6481 16967 16760442 0.84960 0.81840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 2,768. 2020 AMOUNT: $ 4,050. 2021 AMOUNT: $ 3,668. 2022 AMOUNT: $ 6,481. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10994782 1232210 284021 11942971 10914217 378490 1537 296388 10994782 8977602 2179864 243249 10914217 9002826 186362 211586 8977602 8644372 575495 217041 9002826 1.00000 0 0 5385 5385 0 188165 171127 17038 17038 LOANS TO MEMBERS OF THE NO CA JEWISH COMMUNITY 22155789 C 22155789 LOAN COLLATERAL DEPOSITS 127940 POST RETIREMENT OBLIGATIONS 95088 RECOVERABLE GRANTS 8415668 FUNDS HELD FOR C MILLER TRUST 31102 LEASE LIABILITY, CURRENT 87570 LEASE LIABILITY 37487 8794855 X 3947702 351139 3600 76984 431723 3515979 13449 13449 3529428 2659856 3600 3600 2656256 13449 13449 2669705 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED TO FUND ITS INTEREST FREE LOAN PROGRAM. PART X, LINE 2: THE AGENCY HAS IMPLEMENTED THE AMENDED ACCOUNTING PRINCIPLES RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE TO CHARITABLE REMAINDER TRUST 1,778. CHANGE TO BENEFICIAL INTEREST 75,206. X X X X X X CA GALA 480646 450043 30603 26350 99419 2413 43090 480646 450043 30603 26350 99419 2413 43090 171272 -140669 1 EMERGENCY 1 3000 DEBT FORGIVENESS 8 35455 LOAN BALANCE DEBT FORGIVENESS PART I, LINE 2: MOST OF OUR GRANTS ARE NOT DIRECT MONETARY ASSISTANCE BUT LOAN FORGIVENESS WHEN WE RECEIVE A RESTRICTED GRANT FROM A FOUNDATION TO PAY OFF LOANS FOR QUALIFIED BORROWERS. OCCASIONALLY, WE ALSO RECEIVE FUNDING FROM PRIVATE DONORS AND SUBSEQUENTLY GRANT SMALL EMERGENCY FINANCIAL ASSISTANCE GRANTS TO QUALIFIED INDIVIDUALS. X X X X 0 0 0 0 0 0 0 0 0 CYNTHIA ROGOWAY EXECUTIVE DIRECTOR 254788 0 0 0 1584 0 20408 0 21936 0 298716 0 0 0 JAMIE HYAMS DEVELOPMENT DIRECTOR 151211 0 0 0 833 0 12411 0 29162 0 193617 0 0 0 JAMES MASSARA DIRECTOR OF DATA SOLUTIONS 143877 0 0 0 744 0 11510 0 21483 0 177614 0 0 0 MENILEK MEKBEB FINANCE DIRECTOR 138537 0 0 0 475 0 11368 0 25917 0 176297 0 0 0 TERESA LOWE ASSISTANT DIRECTOR 122582 0 0 0 1106 0 9807 0 22010 0 155505 0 0 0 X 4119 70849 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER OF SHARES DONATED. FORM 990, PART VI, SECTION A, LINE 1A YES - LOANS MAY BE APPROVED BY A MAJORITY VOTE OF THE BOARD OR OF THE EXECUTIVE COMMITTEE. A MAJORITY VOTE OF AN ADVISORY COMMITTEE TO APPROVE A LOAN IS CONSIDERED A RECOMMENDATION UNLESS TWO BOARD MEMBERS ARE PRESENT AND VOTE IN FAVOR OF THE LOAN REQUEST; IF TWO BOARD MEMBERS ARE NOT PRESENT, THE RECOMMENDATION OF THE ADVISORY COMMITTEE IS PRESENTED TO TWO BOARD MEMBERS FOR APPROVAL. FORM 990, PART VI, SECTION A, LINE 2 ROMAN POLNAR AND SABINA POLNAR SHARE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, A COPY OF THE 990 IS SENT EITHER BY EMAIL OR U.S. MAIL TO EACH BOARD MEMBER. ADDITIONAL COPIES ARE ALSO AVAILABLE FOR REVIEW WHEN THE ENTIRE BOARD MEETS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY IS CARRIED OUT THROUGH VERBAL INQUIRY OF THE BOARD OF DIRECTORS, STAFF, AND VOLUNTEERS DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWS THE EXECUTIVE DIRECTOR'S SALARY AND COMPARABLE DATA; THEY APPROVE HER SALARY AS STATED. THIS PROCESS WAS LAST UNDERTAKEN IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS OWN WEBSITE, UPON REQUEST, ON CHARITY NAVIGATOR WEBSITE, AND ON GUIDESTAR WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN CHARITABLE REMAINDER TRUSTS 1,778. CHANGE IN BENEFICIAL INTEREST 75,206. RELEASE OF RESTRICTION FROM RELATED ORG 14,007. FORM 990, PART XII, LINE 2C: THIS PROCESS DID NOT CHANGE FROM PRIOR YEAR. CHARLES H MILLER CHARITABLE TRUST 131 STEUART STREET STE 520 SAN FRANCISCO CA 94105 946622077 INTEREST FREE STUDENT LOANS CA 501(C)(3) LINE 12A, I HEBREW FREE LOAN ASSOCIATION OF SAN FRANCISCO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0