2025-03-24T18:31:27-04:00 2024-12-31 990 2024-01-01 916035624 HEBREW FREE LOAN ASSOCIATION OF WASHINGTON STATE % Kari Haas HEBR 2063970005 PO BOX 141 MERCER ISLAND WA 980400141 Louis Kotler Treasurer 2025-03-25 2024 2025-03-06 01:10:19Z Kari Haas PO BOX 141 MERCER ISLAND WA 98040 265618 false X HFLAWA.ORG X 1914 WA Microfinancing without interest or fees for members of the Jewish community residing in Washington State. 13 13 2 0 0 0 229112 265606 0 0 -955 12 0 0 228157 265618 0 0 0 0 79435 86966 0 0 0 48498 48411 127933 135377 100224 130241 744598 881673 14549 13580 730049 868093 To perform the biblical commandment "If thou lend money to any of my people even to the poor with thee thou shall not be to him a creditor neither shall you lay upon him interest. false false 0 135377 265606 We provided 35 general fund loans $151,650. We collected $83,692 from loan repayments for general fund loans. We also issued 16 new student loans $116,500. We received $43,386 in loan repayments on our outstanding student loans. In addition we issued 22 scholarships $95,965. Donations for scholarships were treated as a pass through and placed on the balance sheet as a liability until distributed. We received 5 grants totaling $50,645. Fundraising expenses were $15,635 operational expenses were $25,686 and payroll was $79,435. We expensed bad debt of $6,150 related to 3 loans. We have 2 part-time employees and 1 contractor. The remaining $1,027 was related to Paypal fees for donations and loan payments that came through the Paypal platform. Please note that when we provide a loan the cash goes to the borrower and that amount is placed in accounts receivable on the balance sheet. There is no Income Statement activity which you are asking about in Part IX. 0 0 0 0 0 0 0 0 0 0 true true false false false false false false false false false false false false true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 2 false false false false false false false 0 false false false false false false false 0 0 false false false 13 13 false false false false false false false true true false false true true true true true true true true false X Maura Roberts 4258299966 PO BOX 141 MERCER ISLAND WA 980400141 Gabe Scherzer Secretary 0.00 0.00 X X 0 0 0 Julia Abelev Past President 0.00 0.00 X X 0 0 0 Louis Kotler Treasurer 0.00 0.00 X X 0 0 0 Kari Haas President 0.00 0.00 X X 0 0 0 Judi Scherr Director 0.00 0.00 X 0 0 0 Louis Berg Director 0.00 0.00 X 0 0 0 William Hochberg Vice President 0.00 0.00 X X 0 0 0 Suzie Dadoun Director 0.00 0.00 X 0 0 0 Sam Mezistrano Assistant Treasurer 0.00 0.00 X X 0 0 0 David Berkman Director 0.00 0.00 X 0 0 0 Ori Ravid Director 0.00 0.00 X 0 0 0 Sam Blum Director 0.00 0.00 X 0 0 0 Esther Horowitz Director 0.00 0.00 X 0 0 0 Maura Roberts Executive Director 32.00 0.00 X X 38200 0 0 Melissa Gianotti Assistant to the Executive Director 15.00 0.00 X 29858 0 0 68058 0 0 0 false false false 0 0 51924 0 0 213682 0 265606 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 265618 0 0 0 0 0 0 0 0 0 0 0 38200 0 0 0 0 0 0 0 29858 0 0 0 0 0 0 0 13384 0 0 0 5524 0 0 0 0 0 0 0 0 0 0 0 8900 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1451 0 0 0 3077 0 0 0 3440 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1672 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1298 0 0 0 Bank Fees 1897 0 0 0 Payroll Processing 1903 0 0 0 Bad debt (loans) written off 2045 0 0 0 Fundraising expenses 19775 0 0 0 2953 0 0 0 135377 0 0 0 0 0 0 0 150002 141392 0 0 0 0 0 0 0 0 0 0 593969 739646 0 0 627 635 0 0 0 0 0 0 0 0 0 0 0 0 0 0 744598 881673 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14549 13580 14549 13580 X 0 0 0 0 730049 868093 730049 868093 744598 881673 130241 0 0 0 7803 0 X false false false X 174068 196305 192630 229112 265606 1057721 0 0 0 0 0 0 0 0 0 0 0 0 174068 196305 192630 229112 265606 1057721 138941 918780 11 6 10 8 12 47 0 0 0 0 0 0 0 7345 0 0 0 7345 1065113 0.8626 0.9917 X Part II - Line 10 | Year:, Amount:, Description:| 2020, 0, | 2021, 7345PPP Loan forgiven| 2022, 0| 2023, 0| 2024, | RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Scholarship Donations - treated as pass through so are listed on B S until distributed 13580 13580 Brunch 51924 0 51924 0 0 1770 9866 0 5956 Intro to HFLA 0 0 0 0 0 0 0 0 2183 0 0 0 0 0 0 0 0 0 51924 0 51924 0 0 1770 9866 0 8139 19775 32149 Part VI, Line 12c Each year directors are reminded to disclose any potential conflicts of interest to the board which determines if they may continue on the board of directors. None were disclosed in 2024. Part VI, Line 15 The salary and benefits for both our employees are evaluated at the end of each year by the executive committee of the board of directors which considers performance and market factors in setting salaries and benefits for the new year. Other than those two employees no one receives any compensation. Part VI, Line 19 All our governing documents and operating policies and financial statements are made available to the public by request. Part XI General | Explanation:| Prior year adjustment was made to the scholarship donations liability. Two scholarships issued in December were not properly accounted for. Note that since we treat scholarship funds as a pass through this had no affect on the Statement of Activity Profit and Loss Statement.