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- EIN 13-5562239
- (212) 687-0188
- 675 3RD Ave Suite 1905 New York NY 10017 USA
- www.hfls.org
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Nonprofit Overview
Causes: Financial Counseling, Human Services
Mission: Primarily serving the jewish community, the hebrew free loan society("hfls")fosters economic self-sufficiency and economic security among new yorkers in need through interest-free lending. We do this work in partnership with others to ensure that our programs respond to identified needs, that we are nimble in adapting to the dynamic changes in our community, and that we make a discernable difference in the lives of those we serve. Hfls loans make an immediate, concrete difference in the lives of our borrowers, enabling them to invest in their education, start a business, meet emergency expenses, and more. Our work is the 21st century expression of an ancient jewish tradition that sees helping people become financially independent as the highest form of charity.
Programs: Lending achievements - at the end of fy 2015, hfls had nearly 1,850 loans outstanding, totaling $10. 8 million. In fy15 alone, hfls disbursed more than $8. 6 million to aid nearly 800 individuals and families in the new york metropolitan area. Hfls loans helped families who are barely getting by financially and were faced with an emergency or outsize need, students pay for college and graduate school, economically vulnerable entrepreneurs start or expand a business, parents of disabled children who needed to access expensive special education services, and other new yorkers in need.
courses - hfls offers business training courses to help entrepreneurs launch or grow a small business as a path to financial self-sufficiency. In fy 2015, hfls offered five entrepreneurship courses that provided 85 graduates with the skills required to successfully launch and run their own businesses.