2026-03-26T09:21:20-05:00 2025-06-30 680037990 GILBERT CPAS 2880 GATEWAY OAKS DR STE 100 SACRAMENTO CA 95833 990 2024-07-01 941156545 HEBREW FREE LOAN ASSOCIATION OF SAN FRANCISCO HEBR 4155469902 131 STEUART STREET 520 SAN FRANCISCO CA 94105 CINDY ROGOWAY EXECUTIVE DIRECTOR 4155469902 2026-03-24 1 1 AMANDA H WILLIAMS P01281212 9166466464 2026-03-24 2024 2025-03-06 01:10:19Z CINDY ROGOWAY 131 STEUART STREET 520 SAN FRANCISCO CA 94105 3426291 0 X WWW.HFLASF.ORG X 1897 CA TO PROVIDE INTEREST FREE LOANS TO MEMBERS OF THE NORTHERN CALIFORNIA JEWISH COMMUNITY. 25 25 14 98 0 0 3393661 3358994 0 0 113848 57647 3600 -27251 3511109 3389390 38455 88465 0 0 1995585 2245654 0 0 671718 639265 617708 2673305 2951827 837804 437563 31016437 27433565 8971279 4559673 22045158 22873892 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 1948643 88465 WE DISBURSED 591 INTEREST-FREE LOANS DURING THE YEAR, TOTALING $8.6 MILLION. THIS IS SIMILAR TO THE AMOUNT DISBURSED LAST YEAR, BUT 52 MORE LOANS, WHICH MEANS WE HELPED MORE PEOPLE. WE CLOSED THE YEAR WITH 1,670 LOANS OUT IN THE COMMUNITY (125 MORE THAN LAST YEAR) TOTALING $20.5 MILLION.OUR 18 LOAN PROGRAMS HELP PEOPLE PURSUE LIFE GOALS AND ADDRESS FINANCIAL HARDSHIPS. STUDENT LOANS WERE THE MOST FREQUENTLY REQUESTED LOAN TYPE,FOLLOWED BY DEBT CONSOLIDATION AND GENERAL NEEDS.THE NEED FOR ASSISTANCE CONTINUES TO INCREASE,AS MANY STILL STRUGGLE TO FIND THEIR FOOTING AFTER LOSING INCOME OR DEPLETING SAVINGS DURING THE PANDEMIC. WE ARE WORKING HARD TO GROW OUR RESOURCES TO MEET COMMUNITY NEED. HELPING SMALL BUSINESS OWNERS LAUNCH OR EXPAND THEIR BUSINESSES IS A CORE FOCUS OF OUR LENDING. THIS YEAR, WE MADE 36 BUSINESS LOANS TOTALING $1.3 MILLION (80% MORE LOANS AND 115% MORE IN DOLLARS THAN LAST YEAR). AMOUNTS RANGED FROM $10K TO $50K.MANY APPLICANTS DON'T YET HAVE A BUSINESS TRACK RECORD, SO CAN'T QUALIFY FOR BANK LOANS. FOR EARLY-STAGE ENTREPRENEURS BOOT-STRAPPING THEIR BUSINESSES, OUR LOANS BEING INTEREST-FREE IS A GAME CHANGER. WE'VE SUPPORTED FOOD AND BEVERAGE COMPANIES, MEDICAL PRACTICES, LAW FIRMS, RETAIL STORES, COACHING AND CONSULTING PRACTICES, DEVELOPERS OF PRODUCTS (E.G., SMART TOOTHBRUSHES, PICKLEBALL GRIPS, AND VIDEO GAMES), AND OTHER TYPES OF ENTERPRISES. IN 2023-24, WE RECEIVED SUPPORT FROM GENEROUS DONORS TO LAUNCH OUR ENVIRONMENTAL LOAN PROGRAM, WHICH PROVIDES INTEREST-FREE LOANS TO HELP INDIVIDUALS AND SMALL BUSINESS OWNERS CONTRIBUTE TO SUSTAINABILITY. THE PROGRAM GREW AND GAINED TRACTION THIS YEAR, AS WE TRIPLED THE NUMBER OF ENVIRONMENTAL LOANS WE MADE. MANY LOANS HELPED PEOPLE BUY ELECTRIC VEHICLES TO GET TO WORK AND SCHOOL. OTHERS ASSISTED PEOPLE TO CREATE SUSTAINABLE LANDSCAPES OR INSTALL ELECTRIC HEAT PUMPS IN THEIR HOMES. WE ALSO HELPED SMALL ENVIRONMENTAL BUSINESSES, SUCH AS A SOLAR INSTALLATION COMPANY AND AN INSTALLER OF GREYWATER SYSTEMS AND WATER-CONSCIOUS LANDSCAPING. 1948643 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 0 0 0 0 0 1 0 0 0 1 8 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 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 MAUREEN HOLT BOARD PRESIDENT 4.00 X X 0 0 0 MADELINE CHALEFF 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 DAVID KIFERBAUM ASST. SECRETARY 4.00 X X 0 0 0 GREGG RUBENSTEIN IMM. PAST PRESIDENT 4.00 X X 0 0 0 PAUL ORBUCH AD-HOC EXECUTIVE COMM. MEM 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 SHARON GOLDSTEIN BOARD MEMBER 1.00 X 0 0 0 DAVID LEVINE BOARD MEMBER 1.00 X 0 0 0 ELYSE KAYE BOARD MEMBER 1.00 X 0 0 0 ELYSSE STACKHOUSE 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 ILYA VINOGRADSKY 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 274135 0 45126 MENILEK MEKBEB FINANCE DIRECTOR 40.00 X 143287 0 35895 JAMES MASSARA DIRECTOR OF DATA SOLUTIONS 40.00 X 149546 0 24495 JAMIE HYAMS DEVELOPMENT DIRECTOR 40.00 X 157372 0 39260 TERESA LOWE ASSISTANT DIRECTOR 40.00 X 128419 0 22306 GREGORY ZALE MARKETING DIRECTOR 40.00 X 117627 0 17214 MARINA LEVY ASSISTANT DIRECTOR 40.00 X 126674 0 20500 1097060 0 204796 8 0 1 0 0 35342 3323652 3358994 57647 57647 9650 35342 36901 -27251 -27251 3389390 0 0 30396 88465 88465 520629 351097 50821 118711 1338176 908275 121826 308075 88545 57722 11638 19185 168625 109927 22163 36535 129679 84538 17044 28097 1606 1100 237 269 37461 2014 34526 921 23623 23623 63455 43448 9368 10639 48242 19735 139 28368 67886 29619 1219 37048 176885 131698 12340 32847 95332 63771 9283 22278 10030 5194 1745 3091 13612 7331 1733 4548 7225 1328 5709 188 30937 17644 6993 6300 MISC EXPENSE 29089 13412 1059 14618 BAD DEBT 12325 12325 2951827 1948643 331466 671718 2253807 590387 712394 680351 1633832 686436 153171 135045 198573 182347 17038 16226 3113660 4410430 735179 815548 22155789 19977904 241567 121238 31016437 27433565 176424 331367 8794855 4228306 8971279 4559673 X 9704430 9995357 12340728 12878535 22045158 22873892 31016437 27433565 X 437563 296958 94213 X X 0 1 X 1 0 X 1832034 4164367 2607793 3534330 3358994 15497518 1832034 4164367 2607793 3534330 3358994 15497518 2946192 12551326 175599 364287 92957 57983 57647 748473 4050 3668 6481 14199 16260190 0.77190 0.84960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 4,050. 2021 AMOUNT: $ 3,668. 2022 AMOUNT: $ 6,481. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11942971 707867 344656 12306182 10994782 1232210 284021 11942971 10914217 378490 1537 296388 10994782 8977602 2179864 243249 10914217 9002826 186362 211586 8977602 1.00000 0 0 5385 5385 0 193188 176962 16226 16226 LOANS TO MEMBERS OF THE NO CA JEWISH COMMUNITY 19977904 C 19977904 LOAN COLLATERAL DEPOSITS 90174 POST RETIREMENT OBLIGATIONS 102523 RECOVERABLE GRANTS 3998122 LEASE LIABILITY, CURRENT 37487 4228306 X 3747694 296958 4600 80369 381927 3365767 23623 23623 3389390 2932804 4600 4600 2928204 23623 23623 2951827 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 BENEFICIAL INTEREST 80,369. X X X X X X 0 CA BUSINESS CIRCLE LUNCHEON 44992 35342 9650 8798 23809 4294 44992 35342 9650 8798 23809 4294 36901 -27251 1 EMERGENCY 4 3400 DEBT FORGIVENESS 24 85065 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 272551 0 0 0 1584 0 21804 0 23322 0 319261 0 0 0 JAMIE HYAMS DEVELOPMENT DIRECTOR 156502 0 0 0 870 0 12784 0 26476 0 196632 0 0 0 MENILEK MEKBEB FINANCE DIRECTOR 142524 0 0 0 763 0 11709 0 24186 0 179182 0 0 0 JAMES MASSARA DIRECTOR OF DATA SOLUTIONS 148050 0 0 0 1496 0 11258 0 13237 0 174041 0 0 0 TERESA LOWE ASSISTANT DIRECTOR 127605 0 0 0 814 0 10209 0 12097 0 150725 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A YES - LOANS MAY BE APPROVED BY A MAJORITY VOTE OF THE BOARD OR 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 2025. 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 BENEFICIAL INTEREST 80,369. RELEASE OF RESTRICTION FROM RELATED ORG 13,844. 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