Organizations Filed Purposes:
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.
TO PROVIDE INTEREST FREE LOANS TO MEMBERS OF THE JEWISH COMMUNITY RESIDING IN NORTHERN CALIFORNIA.
WE CLOSED THE 2019-20 FISCAL YEAR WITH $18.4 MILLION IN OUTSTANDING INTEREST-FREE LOANS TO MEMBERS OF THE NORTHERN CALIFORNIA JEWISH COMMUNITY - THE LARGEST AMOUNT IN THE HISTORY OF THE AGENCY. THIS INCLUDES $498,482 OUTSTANDING IN A STAND-ALONE, NONSECTARIAN LOAN PROGRAM, WHICH IS SEPARATELY FUNDED. WE DISBURSED 613 NEW LOANS TOTALING $11.6 MILLION IN THE FISCAL YEAR, BRINGING THE TOTAL NUMBER OF LOANS IN CIRCULATION TO 1,262. BY COMPARISON, IN THE PREVIOUS FISCAL YEAR WE DISBURSED 440 LOANS TOTALING $4.7 MILLION. THIS GROWTH WAS LARGELY A RESULT OF THE COVID-19 PANDEMIC, WHICH SHUTTERED BUSINESSES AND PUT PEOPLE THROUGHOUT OUR COMMUNITY OUT OF WORK. OF THE LOANS WE DISBURSED, $3 MILLION WENT SPECIFICALLY TO HELP 192 INDIVIDUALS, FAMILIES, AND SMALL BUSINESS OWNERS NAVIGATE FINANCIAL HARDSHIPS DUE TO THE PANDEMIC, WITH THESE LOANS SPREAD ACROSS ALL LOAN TYPES. COVID-RELIEF LOANS ARE PROMINENTLY REPRESENTED AMONG THE TOTAL OF 312 STUDENTS WHO RECEIVED EDUCATION LOANS TOTALING $2.5 MILLION; 126 INDIVIDUALS WHO RECEIVED GENERAL NEEDS LOANS TOTALING $1.9 MILLION TO COVER THEIR BASIC NEEDS; 87 INDIVIDUALS WHO ESCAPED THE CRUSHING WEIGHT OF HIGH-INTEREST DEBT WITH DEBT CONSOLIDATION LOANS TOTALING $1.5 MILLION, AND 51 ENTREPRENEURS WHO WERE ABLE TO KEEP THEIR BUSINESSES AFLOAT DURING COVID, RECEIVING BUSINESS LOANS TOTALING $1.2 MILLION.
WE CONTINUED TO SOLIDIFY OUR ROLE AS THE CENTRAL LENDING INSTITUTION FOR JEWISH RESIDENTS OF NORTHERN CALIFORNIA, EVOLVING TO MEET THE EVER-CHANGING NEEDS OF OUR COMMUNITY. WE LAUNCHED OUR CORONAVIRUS IMPACT LOAN PROGRAM DAYS BEFORE THE FIRST SHELTER-IN-PLACE ORDERS WERE ANNOUNCED ON MARCH 16, 2020. WE OFFERED LOANS OF UP TO $20,000 TO HELP WITH A WIDE RANGE OF PANDEMIC-RELATED NEEDS, AND WE STREAMLINED OUR LOAN PROCESS TO GET ASSISTANCE TO PEOPLE WITHIN DAYS, WHEN NEEDED. TO MEET THIS UNPRECEDENTED NEED, WE ENTERED INTO A PARTNERSHIP WITH THE JEWISH COMMUNITY FEDERATION AND ENDOWMENT FUND, ALONG WITH 54 OF ITS DONOR-ADVISED FUNDS AND TWO SUPPORTING FOUNDATIONS, WHICH ESTABLISHED A POOLED RECOVERABLE GRANT (A LOAN) OF $5.6 MILLION TO HEBREW FREE LOAN TO PROVIDE CAPITAL FOR THESE COVID-19 RELIEF LOANS. ALSO IN PARTNERSHIP WITH THE JEWISH COMMUNITY FEDERATION AND ENDOWMMENT FUND, WE MADE A $4 MILLION LOAN TO BERKELEY MOSHAV TO PURCHASE A SITE FOR THE DEVELOPMENT OF THE FIRST JEWISH COHOUSING COMMUNITY IN THE U.S. THE FEDERATION MADE A ONE-TIME RECOVERABLE GRANT (A LOAN) OF $4 MILLION TO HEBREW FREE LOAN, TO SUPPORT JEWISH ORGANIZATIONS, WHICH MADE POSSIBLE THIS BERKELEY MOSHAV LOAN TO BUILD JEWISH LIFE IN THE BAY AREA.
WE ARE PROUD OF OUR 123-YEAR TRADITION OF PROMOTING SELF SUFFICIENCY AND FINANCIAL RESPONSIBILITY THROUGH INTEREST-FREE AND COST-FREE LENDING. WELL OVER 100,000 INDIVIDUALS AND FAMILIES HAVE BEEN ABLE TO ACHIEVE THEIR DREAM OR OVERCOME A CHALLENGING FINANCIAL SITUATION BECAUSE OF OUR WORK. IN THE LAST 30 YEARS ALONE, WE HAVE DISBURSED APPROXIMATELY $92 MILLION IN LOANS; AS LOANS ARE REPAID, THE FUNDS ARE RECYCLED INTO NEW LOANS, ALLOWING US TO UTILIZE OUR ASSETS TO ASSIST OTHERS IN NEED. DESPITE THE HARDSHIPS SO MANY EXPERIENCED BECAUSE OF THE PANDEMIC, OUR LOAN REPAYMENT RATE REMAINED OVER 99%, AS IT HAS THROUGHOUT OUR AGENCY'S HISTORY.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Cindy Rogoway | EXECUTIVE DIRECTOR/SECRETARY | 60 | $211,554 |
| Jamie Hyams | DEVELOPMENT DIRECTOR | 40 | $130,915 |
| Menilek Mekbeb | FINANCE DIRECTOR | 40 | $121,549 |
| Steven Zimmerman | 1ST VICE PRESIDENT | 1 | $0 |
| Carol Weitz | BOARD MEMBER | 1 | $0 |
| Shari Tishman | BOARD MEMBER | 1 | $0 |
| Renata Telefus | BOARD MEMBER | 1 | $0 |
| Sharon Silverman | IMM. PAST PRESIDENT | 1 | $0 |
| Boris Senderzon | BOARD MEMBER | 1 | $0 |
| Gregg Rubenstein | TREASURER | 1 | $0 |
| Alex Rayter | BOARD MEMBER | 1 | $0 |
| Michael Rapaport | BOARD MEMBER | 1 | $0 |
| Sabina Polnar | BOARD MEMBER | 1 | $0 |
| Roman Polnar | BOARD MEMBER | 1 | $0 |
| Paul Orbuch | BOARD MEMBER | 1 | $0 |
| Milla Lvovich | BOARD MEMBER | 1 | $0 |
| George Krevsky | BOARD MEMBER | 1 | $0 |
| Maureen Holt | ASST. SECRETARY | 1 | $0 |
| Sharon Goldstein | 2ND VICE PRESIDENT | 1 | $0 |
| Rabbi Steven Chester | BOARD MEMBER | 1 | $0 |
| David Blatteis | BOARD MEMBER | 1 | $0 |
| Elysse Bell | BOARD MEMBER | 1 | $0 |
| Randy Baum | BOARD MEMBER | 1 | $0 |
| Mark Abelson | PRESIDENT | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202141379349308909_public.xml