JIFLA - Jewish Interest-Free Loan Association of Georgia

Creating opportunity and financial rstability for Jewish individuals and families in Georgia via interst-free loans and financial education

Atlanta, GA | www.JIFLA.org

GuideStar Charity Check

EIN: 27-3711475

Contributions tax deductible
as of September 2024

IRS BMF 509(a)(1)
as of September 09, 2024

View summary

Charity Check report

Mission

Creating opportunity and financial stability for Jewish individuals and families in Georgia via interest-free loans and financial education.

Ruling year info

2011

Board Chair & President

Mr. Daniel Frank

Main address

4549 Chamblee Dunwoody Road

Atlanta, GA 30338 USA

Show more contact info

EIN

27-3711475

Subject area info

Human services

Population served info

Jewish people

NTEE code info

Human Service Organizations (P20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Interest-free loans & financial education programs

We help members of the Jewish community in the state of Georgia by providing interest-free loans, free financial literacy workshops, and budget counseling. Our comprehensive approach supports long-term financial security for future generations. We are active in Jewish communities throughout Georgia and proudly partner with a growing list of fellow Jewish agencies.

Population(s) Served

Jewish people

Where we work

Affiliations & memberships

International Association of Jewish Free Loans 2023

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We shared information about our current feedback practices.

How is your organization using feedback from the people you serve?

To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
Which of the following feedback practices does your organization routinely carry out?

We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded
What challenges does the organization face when collecting feedback?

It is difficult to get the people we serve to respond to requests for feedback, Staff find it hard to prioritize feedback collection and review due to lack of time, It is difficult to get honest feedback from the people we serve

Financials

JIFLA - Jewish Interest-Free Loan Association of Georgia

Fiscal year: Jan 01 - Dec 31

Financial documents

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

49.10

Average of 28.19 over 7 years

Months of cash in 2022

SOURCE: IRS Form 990

15

Average of 9.7 over 7 years

Fringe rate in 2022

SOURCE: IRS Form 990

8%

Average of 10% over 7 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

JIFLA - Jewish Interest-Free Loan Association of Georgia

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$128,393
Program Services	$0
Investments	$282
Special Events	$1,119
Sales	$0
Other	$0
Total Revenue	$129,794

Expenses
Grants	$0
Salaries & Employee Benefits	$28,701
Professional Fees	$0
Occupancy	$5,100
Printing, Publications, Postage, etc.	$176
Other Expenses	$8,072
Total Expenses	$42,049
Net Gain/Loss	$87,745

Revenue
Contributions	$70,885
Program Services	$0
Investments	$85
Special Events	$3,893
Sales	$0
Other	$0
Total Revenue	$74,863

Expenses
Grants	$0
Salaries & Employee Benefits	$32,147
Professional Fees	$160
Occupancy	$2,600
Printing, Publications, Postage, etc.	$1,144
Other Expenses	$10,753
Total Expenses	$46,804
Net Gain/Loss	$28,059

Revenue
Contributions	$191,055
Program Services	$0
Investments	$133
Special Events	$6,918
Sales	$0
Other	$0
Total Revenue	$198,106

Expenses
Grants	$0
Salaries & Employee Benefits	$33,129
Professional Fees	$0
Occupancy	$3,650
Printing, Publications, Postage, etc.	$0
Other Expenses	$14,007
Total Expenses	$50,786
Net Gain/Loss	$147,320

Revenue
Contributions	$388,313
Government Grants	$0
Program Services	$0
Investments	$226
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$388,539

Expenses
Program Services	$272,916
Administration	$5,951
Fundraising	$0
Total Expenses	$278,867
Net Gain/Loss	$109,672

Functional expenses
Accounting Fees	$850
Advertising & Promotion	$4,061
Information Technology Expenses	$20
Insurance Expenses	$2,672
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$523,113
Government Grants	$0
Program Services	$0
Investments	$115
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$523,228

Expenses
Program Services	$288,889
Administration	$26,938
Fundraising	$0
Total Expenses	$315,827
Net Gain/Loss	$207,401

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$3,959
Information Technology Expenses	$1,104
Insurance Expenses	$582
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$755,558
Government Grants	$6,662
Program Services	$0
Investments	$36
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$762,256

Expenses
Program Services	$557,343
Administration	$30,138
Fundraising	$0
Total Expenses	$587,481
Net Gain/Loss	$174,775

Functional expenses
Accounting Fees	$5,018
Advertising & Promotion	$13,766
Information Technology Expenses	$5,157
Insurance Expenses	$1,647
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$350,880
Government Grants	$0
Program Services	$0
Investments	$39
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$350,919

Expenses
Program Services	$367,022
Administration	$47,932
Fundraising	$31,766
Total Expenses	$446,720
Net Gain/Loss	($95,801)

Functional expenses
Accounting Fees	$13,525
Advertising & Promotion	$0
Information Technology Expenses	$6,131
Insurance Expenses	$1,938
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

JIFLA - Jewish Interest-Free Loan Association of Georgia

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2016	Dec 31, 2016	Change
Contributions	$128,393
Cash & Equivalents	$104,768	$173,523	$68,755
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$81,115	$102,403	$21,288
Total Assets	$185,883	$275,926	$90,043

Liabilities	Jan 01, 2016	Dec 31, 2016	Change
Total Liabilities	$52,453	$54,129	$1,676

Fund balance	Jan 01, 2016	Dec 31, 2016	Change
Net Assets	$133,430	$221,797	$88,367

Assets	Jan 01, 2017	Dec 31, 2017	Change
Contributions	$70,885
Cash & Equivalents	$173,523	$171,169	($2,354)
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$102,403	$124,693	$22,290
Total Assets	$275,926	$295,862	$19,936

Liabilities	Jan 01, 2017	Dec 31, 2017	Change
Total Liabilities	$54,129	$80,398	$26,269

Fund balance	Jan 01, 2017	Dec 31, 2017	Change
Net Assets	$221,797	$215,464	($6,333)

Assets	Jan 01, 2018	Dec 31, 2018	Change
Contributions	$191,055
Cash & Equivalents	$171,169	$293,217	$122,048
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$124,693	$159,499	$34,806
Total Assets	$295,862	$452,716	$156,854

Liabilities	Jan 01, 2018	Dec 31, 2018	Change
Total Liabilities	$80,398	$89,932	$9,534

Fund balance	Jan 01, 2018	Dec 31, 2018	Change
Net Assets	$215,464	$362,784	$147,320

Assets	Jan 01, 2019	Dec 31, 2019	Change
Contributions	$388,313
Cash & Equivalents	$293,217	$409,264	$116,047
Accounts Receivable	$159,499	$218,963	$59,464
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$25,349	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$452,716	$653,576	$200,860

Liabilities	Jan 01, 2019	Dec 31, 2019	Change
Accounts Payable	$15,000	$9,820	($5,180)
Grants Payable	$0	$0	$0
Deferred Revenue	$54,432	$0	($54,432)
Loans and Notes	$20,500	$0	($20,500)
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$89,932	$9,820	($80,112)

Fund balance	Jan 01, 2019	Dec 31, 2019	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$170,301	$170,301
Unrestricted Net Assets	$362,784	$473,455	$110,671
Net Assets	$362,784	$643,756	$280,972

Assets	Jan 01, 2020	Dec 31, 2020	Change
Contributions	$523,113
Cash & Equivalents	$409,264	$545,430	$136,166
Accounts Receivable	$218,963	$190,497	($28,466)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$25,349	$132,530	$107,181
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$653,576	$868,457	$214,881

Liabilities	Jan 01, 2020	Dec 31, 2020	Change
Accounts Payable	$9,820	$10,638	$818
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$6,662	$6,662
Total Liabilities	$9,820	$17,300	$7,480

Fund balance	Jan 01, 2020	Dec 31, 2020	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$170,301	$170,301	$0
Unrestricted Net Assets	$473,455	$680,856	$207,401
Net Assets	$643,756	$851,157	$207,401

Assets	Jan 01, 2021	Dec 31, 2021	Change
Contributions	$755,558
Cash & Equivalents	$545,430	$698,580	$153,150
Accounts Receivable	$190,497	$301,169	$110,672
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$132,530	$50,150	($82,380)
Total Assets	$868,457	$1,049,899	$181,442

Liabilities	Jan 01, 2021	Dec 31, 2021	Change
Accounts Payable	$10,638	$13,896	$3,258
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$6,662	$10,070	$3,408
Total Liabilities	$17,300	$23,966	$6,666

Fund balance	Jan 01, 2021	Dec 31, 2021	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$170,301	$170,301	$0
Unrestricted Net Assets	$680,856	$855,632	$174,776
Net Assets	$851,157	$1,025,933	$174,776

Assets	Jan 01, 2022	Dec 31, 2022	Change
Contributions	$350,880
Cash & Equivalents	$698,580	$559,277	($139,303)
Accounts Receivable	$301,169	$349,601	$48,432
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$50,150	$0	($50,150)
Total Assets	$1,049,899	$908,878	($141,021)

Liabilities	Jan 01, 2022	Dec 31, 2022	Change
Accounts Payable	$13,896	$11,710	($2,186)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$10,070	$6,800	($3,270)
Total Liabilities	$23,966	$18,510	($5,456)

Fund balance	Jan 01, 2022	Dec 31, 2022	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$170,301	$170,301	$0
Unrestricted Net Assets	$855,632	$720,067	($135,565)
Net Assets	$1,025,933	$890,368	($135,565)

JIFLA - Jewish Interest-Free Loan Association of Georgia

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of JIFLA - Jewish Interest-Free Loan Association of Georgia’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	$110,671	$207,401	$174,776	-$135,565
As % of expenses	39.7%	65.7%	29.8%	-30.3%
Unrestricted surplus (deficit) after depreciation	$110,671	$207,401	$174,776	-$135,565
As % of expenses	39.7%	65.7%	29.8%	-30.3%

Revenue composition
Total revenue (unrestricted & restricted)	$388,539	$523,228	$762,256	$350,919
Total revenue, % change over prior year	0.0%	34.7%	45.7%	-54.0%
Program services revenue	0.0%	0.0%	0.0%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%
Investment income	0.1%	0.0%	0.0%	0.0%
Government grants	0.0%	0.0%	0.9%	0.0%
All other grants and contributions	99.9%	100.0%	99.1%	100.0%
Other revenue	0.0%	0.0%	0.0%	0.0%

Expense composition
Total expenses before depreciation	$278,867	$315,827	$587,481	$446,720
Total expenses, % change over prior year	0.0%	13.3%	86.0%	-24.0%
Personnel	12.3%	21.6%	16.1%	22.7%
Professional fees	0.3%	0.0%	0.9%	3.0%
Occupancy	1.5%	1.5%	0.8%	1.6%
Interest	0.0%	0.0%	0.0%	0.0%
Pass-through	0.0%	0.0%	0.0%	0.0%
All other expenses	85.8%	77.0%	82.2%	72.7%

Full cost components (estimated)	2019	2020	2021	2022
Total expenses (after depreciation)	$278,867	$315,827	$587,481	$446,720
One month of savings	$23,239	$26,319	$48,957	$37,227
Debt principal payment	$20,500	$0	$0	$0
Fixed asset additions	$0	$0	$0	$0
Total full costs (estimated)	$322,606	$342,146	$636,438	$483,947

Capital structure indicators

Liquidity	2019	2020	2021	2022
Months of cash	17.6	20.7	14.3	15.0
Months of cash and investments	17.6	20.7	14.3	15.0
Months of estimated liquid unrestricted net assets	20.4	25.9	17.5	19.3

Balance sheet composition	2019	2020	2021	2022
Cash	$409,264	$545,430	$698,580	$559,277
Investments	$0	$0	$0	$0
Receivables	$244,312	$323,027	$301,169	$349,601
Gross land, buildings, equipment (LBE)	$0	$0	$0	$0
Accumulated depreciation (as a % of LBE)	0.0%	0.0%	0.0%	0.0%
Liabilities (as a % of assets)	1.5%	2.0%	2.3%	2.0%
Unrestricted net assets	$473,455	$680,856	$855,632	$720,067
Temporarily restricted net assets	N/A	N/A	N/A	N/A
Permanently restricted net assets	N/A	N/A	N/A	N/A
Total restricted net assets	$170,301	$170,301	$170,301	$170,301
Total net assets	$643,756	$851,157	$1,025,933	$890,368

Key data checks

Key data checks	2019	2020	2021	2022
Material data errors	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

Board Chair & President

Mr. Daniel Frank

Danny is a first-generation American born and raised in Columbus, Ohio. Danny moved to Atlanta in 1997 upon graduating Summa Cum Laude from The Ohio State University Honors Accounting Program to work at Ernst & Young. Danny joined his family’s mortgage business in 2006 with a niche in working with Physicians. Danny has a passion for financial literacy and has traveled around the country resenting home financing to graduating medical school students and residents. Danny also currently serves on the Board of Torah Day School of Atlanta where his children attend.

Number of employees

Source: IRS Form 990

JIFLA - Jewish Interest-Free Loan Association of Georgia

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

JIFLA - Jewish Interest-Free Loan Association of Georgia

Board of directors
as of 02/21/2024

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Daniel Frank

Jay Kessler

Avi Binstock

Daniel Frank

Debbie Kalwerisky

Adrienne Litt Bishko

Jonny Newburgh

Laura Kahn Travis

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 2/21/2024

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Male, Not transgender

Sexual orientation

Heterosexual or Straight

Disability status

Decline to state

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 02/21/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data

We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.

Policies and processes

We have community representation at the board level, either on the board itself or through a community advisory board.
We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.

JIFLA - Jewish Interest-Free Loan Association of Georgia

Creating opportunity and financial rstability for Jewish individuals and families in Georgia via interst-free loans and financial education

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

Our programs

Interest-free loans & financial education programs

Where we work

Affiliations & memberships

Our Sustainable Development Goals

How we listen

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2022 info

49.10

Months of cash in 2022 info

15

Fringe rate in 2022 info

8%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

JIFLA - Jewish Interest-Free Loan Association of Georgia

JIFLA - Jewish Interest-Free Loan Association of Georgia

JIFLA - Jewish Interest-Free Loan Association of Georgia

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Board Chair & President

Mr. Daniel Frank

Number of employees

JIFLA - Jewish Interest-Free Loan Association of Georgia

Compensation data

JIFLA - Jewish Interest-Free Loan Association of Georgia

Board of directors data

Daniel Frank

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

Equity strategies

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities