2026-01-15T16:28:24-06:00 2025-05-31 382029668 GJC CPA'S & ADVISORS 1001 WOODWARD AVENUE SUITE 850 DETROIT MI 482261904 990 2024-06-01 381359260 HEBREW FREE LOAN ASSOCIATION HEBR 2487238184 6735 TELEGRAPH ROAD 300 BLOOMFIELD HILLS MI 483013145 DAVID CONTORER EXUCUTIVE DIRECTOR 2487238184 2026-01-15 1 1 MICHAEL R NICHOLAS P00966144 3139652655 2024 2025-03-06 01:10:19Z DAVID CONTORER 6735 TELEGRAPH ROAD 300 BLOOMFIELD HILLS MI 483013145 1486461 0 X WWW.HFLDETROIT.ORG X 1895 MI 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. 73 71 8 73 0 0 871782 1049824 22775 199648 283564 236989 0 0 1178121 1486461 0 0 0 0 697518 719315 0 0 164161 317249 346933 1014767 1066248 163354 420213 14587847 14045950 260401 281801 14327446 13764149 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. 0 0 645749 THE ORGANIZATION GRANTS INTEREST-FREE LOANS, AS REQUIRED BY THE ASSOCIATION'S CHARTER AND IN ACCORDANCE WITH JEWISH TRADITION. 94014 199648 THE ASSOCIATION ADMINISTERS THE WILLIAM DAVIDSON JEWISH COLLEGE LOAN PROGRAM BY PROVIDING SUPPORT TO STUDENTS IN NEED WITH INTEREST-FREE LOANS. 739763 1 1 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 73 71 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X DAVID CONTORER 2487238184 6735 TELEGRAPH ROAD SUITE 300 BLOOMFIELD HILLS MI 483013145 KIMBERLEY BERNZWEIG CONTROLLER 40.00 X 97812 0 0 AMY BERLIN PRESIDENT 1.00 X X 0 0 0 JONATHAN STERLING PRESIDENT-ELECT 1.00 X X 0 0 0 NITA COHEN VICE-PRESIDENT 1.00 X X 0 0 0 RALPH MCDOWELL VICE-PRESIDENT 1.00 X X 0 0 0 SUSAN HODESS TREASURER 1.00 X X 0 0 0 JON FELLOWS SECRETARY 1.00 X X 0 0 0 DR STEVEN ARBIT DIRECTOR 1.00 X 0 0 0 JEFFREY ARONOFF DIRECTOR 1.00 X 0 0 0 JOANNE ARONOVITZ DIRECTOR 1.00 X 0 0 0 MICHAEL BANKS DIRECTOR 1.00 X 0 0 0 CAROLYN BELLINSON DIRECTOR 1.00 X 0 0 0 MICHAEL BERKE DIRECTOR 1.00 X 0 0 0 ALLEN BERMEN DIRECTOR 1.00 X 0 0 0 SAM BERNSTEIN DIRECTOR 1.00 X 0 0 0 SCOTT BERNSTEIN DIRECTOR 1.00 X 0 0 0 STAN BERSHARD DIRECTOR 1.00 X 0 0 0 RICHARD BRODER DIRECTOR 1.00 X 0 0 0 NIKKI BUDAJ-CHATFIELD DIRECTOR 1.00 X 0 0 0 KEVIN CHUPACK DIRECTOR 1.00 X 0 0 0 BOB CITRIN DIRECTOR 1.00 X 0 0 0 LAUREN DAITCH DIRECTOR 1.00 X 0 0 0 PEGGY DAITCH DIRECTOR 1.00 X 0 0 0 JOANNE DANTO DIRECTOR 1.00 X 0 0 0 LOREN DICKSTEIN DIRECTOR 1.00 X 0 0 0 AMY ERSHER DIRECTOR 1.00 X 0 0 0 SETH FABER DIRECTOR 1.00 X 0 0 0 RANDALL FOGELMAN DIRECTOR 1.00 X 0 0 0 LACEY FOON DIRECTOR 1.00 X 0 0 0 LAURIE FRANKEL DIRECTOR 1.00 X 0 0 0 DAVID FURMAN DIRECTOR 1.00 X 0 0 0 JOSH GERSHONOWICZ DIRECTOR 1.00 X 0 0 0 DIANE GOLDSTEIN DIRECTOR 1.00 X 0 0 0 MICHAEL GRAUB DIRECTOR 1.00 X 0 0 0 PAUL HACK DIRECTOR 1.00 X 0 0 0 TARA FORMAN HACK DIRECTOR 1.00 X 0 0 0 JULIE TREPECK HARRIS DIRECTOR 1.00 X 0 0 0 LAUREN HARTMAN DIRECTOR 1.00 X 0 0 0 JOEL HECHLER DIRECTOR 1.00 X 0 0 0 SALLY HOOBERMAN DIRECTOR 1.00 X 0 0 0 DAVID JACOBSON DIRECTOR 1.00 X 0 0 0 MARY KEANE DIRECTOR 1.00 X 0 0 0 SHERRY KETAI DIRECTOR 1.00 X 0 0 0 DAVID KIRSCH DIRECTOR 1.00 X 0 0 0 DAVID KRAMER DIRECTOR 1.00 X 0 0 0 REX LANYI DIRECTOR 1.00 X 0 0 0 EMILY LEVIN DIRECTOR 1.00 X 0 0 0 RANDIE LEVIN DIRECTOR 1.00 X 0 0 0 ARTHUR LISS DIRECTOR 1.00 X 0 0 0 JAY MUST DIRECTOR 1.00 X 0 0 0 HARRIET ORLEY DIRECTOR 1.00 X 0 0 0 ADAM POGODA DIRECTOR 1.00 X 0 0 0 JUSTIN POLK DIRECTOR 1.00 X 0 0 0 RICHARD ROTH DIRECTOR 1.00 X 0 0 0 JARED ROTHBERGER DIRECTOR 1.00 X 0 0 0 JOSH RUBIN DIRECTOR 1.00 X 0 0 0 MICHELLE RUBIN DIRECTOR 1.00 X 0 0 0 CARLY SCHIFF DIRECTOR 1.00 X 0 0 0 ROB SCHWARTZ DIRECTOR 1.00 X 0 0 0 JOYCE SHERMAN DIRECTOR 1.00 X 0 0 0 NEIL SHERMAN DIRECTOR 1.00 X 0 0 0 STUART SHERMAN DIRECTOR 1.00 X 0 0 0 STUART SNIDER DIRECTOR 1.00 X 0 0 0 NECHAMA SOLOFF DIRECTOR 1.00 X 0 0 0 JOHN TEWELES DIRECTOR 1.00 X 0 0 0 CAROLYN TISDALE DIRECTOR 1.00 X 0 0 0 YONI TORGOW DIRECTOR 1.00 X 0 0 0 PAM TORRACO DIRECTOR 1.00 X 0 0 0 DAVID WALLACE DIRECTOR 1.00 X 0 0 0 LAUREN WILLIAMS DIRECTOR 1.00 X 0 0 0 ANDI WOLFE DIRECTOR 1.00 X 0 0 0 BARBI ZALTZ DIRECTOR 1.00 X 0 0 0 DAVID C CONTORER EXECUTIVE DIRECTOR 40.00 X 212415 0 0 310227 0 0 1 0 1 0 0 1049824 1049824 PROGRAM SERVICES 561000 199648 199648 199648 236989 236989 1486461 199648 0 236989 310227 200648 55780 53799 305571 197636 54943 52992 25660 16596 4614 4450 32210 20833 5791 5586 45647 29523 8208 7916 15895 10632 4015 1248 7937 7937 27553 18430 6959 2164 81200 61392 1087 18721 36460 31565 157 4738 32601 24648 436 7517 51565 46606 2475 2484 2606 2606 9071 9071 5506 4163 74 1269 CREDIT LOSSES 51370 51370 CREDIT REPORT FEES 16260 10876 4107 1277 DUES AND MEMBERSHIPS 2000 2000 6909 5774 1135 1066248 739763 162324 164161 341967 196235 6541792 4934230 37916 174279 6430117 3152 9000 436852 379333 15740 57519 1098046 1168544 7430590 119117 75553 14587847 14045950 140739 128526 75000 119662 78275 260401 281801 X 13191484 13589869 1135962 174280 14327446 13764149 14587847 14045950 420213 114536 -1098046 0 X 0 1 X 1 0 X 1118715 1111190 864346 871782 1049824 5015857 1118715 1111190 864346 871782 1049824 5015857 225510 4790347 35945 3490 140638 283564 236989 700626 5716483 296187 0.83800 0.77940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99685 99685 0 307091 249572 57519 30076 30076 0 57519 UNITED JEWISH FOUNDATION OF DETROIT BALANCED POOL 1168544 F 1168544 LOANS RECEIVABLE IN FURTHERANCE OF THE ORGANIZATION'S MISSION 7430590 C 7430590 OPERATING LEASE LIABILITIES 78275 78275 X 1593061 114536 1 114537 1478524 7937 7937 1486461 1058311 0 1058311 7937 7937 1066248 PART X, LINE 2: THE CORPORATION [ASSOCIATION] EVALUATES ALL SIGNIFICANT TAX POSITIONS UNDER A MORE LIKELY THAN NOT THRESHOLD AS REQUIRED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. INCOME TAXES ARE PROVIDED FOR THE TAX EFFECTS OF TRANSACTIONS REPORTED IN THE FINANCIAL STATEMENTS AND CONSIST OF DEFERRED TAXES RELATED PRIMARILY TO THE DIFFERENCES BETWEEN THE BASIS OF CERTAIN ASSETS AND LIABILITIES FOR FINANCIAL AND TAX REPORTING. THE DEFERRED TAXES REPRESENT THE FUTURE TAX RETURN CONSEQUENCES OF THOSE DIFFERENCES, WHICH WILL EITHER BE TAXABLE OR DEDUCTIBLE WHEN THE ASSETS AND LIABILITIES ARE RECOVERED OR SETTLED, RESPECTIVELY. DEFERRED TAX LIABILITIES RESULT PRIMARILY FROM DIFFERENT DEPRECIATION METHODS (SHORTER LIVES) USED FOR INCOME TAX PURPOSES. DEFERRED TAX ASSETS RESULT PRIMARILY FROM DEFERRED REVENUES, WHICH ARE NOT DEDUCTIBLE FOR TAX PURPOSES UNTIL REALIZED. THE CURRENT DEFERRED TAX LIABILITY IS A RESULT OF NET OPERATING LOSSES CARRIED FORWARD. THE ASSOCIATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ASSOCIATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THE ASSOCIATION HAD ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED AND STATE TAXING AUTHORITIES FOR FOUR YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING ADJUSTMENT 1. X X 0 0 0 0 0 0 0 0 0 DAVID C CONTORER EXECUTIVE DIRECTOR 195000 0 17415 0 0 0 0 0 0 0 212415 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JEFFREY ARONOFF AND RICHARD ROTH HAVE A FAMILY RELATIONSHIP. JOYCE SHERMAN AND STUART SHERMAN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A BOARD MEETING IS HELD TO DISCUSS AND APPROVE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE REVIEWED ON AN ANNUAL BASIS, OR AS BROUGHT TO THE ORGANIZATION'S ATTENTION. DOCUMENTED RESOLUTIONS ARE MADE AS TO DISPOSITION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ALL DOCUMENTS REQUIRED BY LAW.